Siemens AG, the German IT and electronics firm headed by an Austrian, has been knocked down two spots in the ranking of the worlds biggest brands.The company which is headquartered in Munich, Berlin and Erlangen made 49th place in analysis agency Interbrands Best Global Brands 2010 list.Interbrand said today (Fri) Siemens current brand […]
Vienna is among the worlds top 25 cities in spending power, a global study has found.Swiss bank UBS announced today (Thurs) that Vienna had retained 24th place in its international spending power survey. The institute added that the Swiss cities of Zurich and Geneva were in first and second places, respectively, ahead of New York, […]
Former Croatian Democratic Union (HDZ) Prime Minister Ivo Sanader has founded a company in Austria, it has emerged.The controversial ex-politician who surprisingly stepped down as prime minister last year holds a 95 per cent stake in Prima Consulting GmbH, according to Tyrolean newspapers.Reports have it that Sanader teamed up with Austrian businessman Wolfgang […]
Almost one in 10 foreigners spending their holidays in Croatia are Austrians, new figures show.Croatias Central Bureau of Statistics announced today (Thurs) that Austrians had comprised nine per cent of overnight stays by foreigners between January and July this year. Only Germans (19.8 per cent) and Slovenes (13.7 per cent) had a larger share, it […]
Telekom Austria (TA) continues to invest in Eastern Europe (EE) as it announced the acquisition of two Bulgarian companies today (Weds).Hannes Ametsreiter, general director of the firm, which dominates the Austrian mobile services market, announced TAs subsidiary Mobiltel bought a 100 per cent interest in Spectrum Net AD and Megalan Network AD for 72 million […]
Soaring flat rent rates and car fuel prices have kept the Austrian inflation level from declining more significantly year on year than by just 0.2 per cent, new research has shown.State agency Statistik Austria announced today (Weds) the inflation rate was 1.9 per cent last month, down by 0.2 per cent compared to August 2009 […]
Austrias best-paid manager is to work for oligarch Oleg Deripaska, it has emerged.Austrian-Canadian car parts manufacturer Magna announced today (Mon) co-chief Siegfried Wolf had decided not to extend his contract but to join OJSC Russian Machines.The Styrian will head the supervisory board of the company which one of Russias largest industrial holdings.Wolf has been working […]
A leading think tank has claimed the Austrian economy grew stronger than it was initially predicted to do.The Vienna-based Institute for Economic Research (WIFO) announced today (Fri) the countrys gross domestic product (GDP) rose by 2.4 per cent year on year in the second quarter of 2010, adding that this was a 1.2 per cent […]
Ten per cent of Austrians struggle to make ends meet, according to a new survey.Pollsters IFES and SORA who carried out the study for the Upper Austrian Labour Chamber (AKOÖ) announced today (Fri) that one in 10 Austrians (350,000) said they were unable to get along on what they earned. The agencies stressed […]
Viennese hotels have increased their prices following a record number of overnights in the first half of this year.Online hotel comparison platform Trivago (www.trivago.co.uk/hotelprices) announced today (Thurs) a double room in the Austrian capital cost 125 Euros a night on average this month, up from 113 Euros last month.The development means Vienna is currently the […]