Strabag boss Hans Peter Haselsteiners ambitious bid to break the Austrian Railways (ÖBB) monopoly will start next year.The construction business entrepreneur announced today (Thurs) that his private Westbahn railway service between Vienna and Salzburg was set to operate from December 2011.Haselsteiner whose firm Strabag is one of the biggest players in European construction industry […]
The Austrian tourism industry is in an optimistic mood as more than four in ten hotel managers expect more overnights this summer.Thomas Reisenzahn, general secretary of Austrian Hotel Industry Association (ÖHV), said today (Thurs) 41 per cent of hoteliers are braced for more guests this season compared to last summer.He stressed only 13 per cent […]
Georg Kapsch is rumoured to follow Veit Sorger as president of the Federation of Austrian Industries (IV).Business newspapers report today (Weds) that the head of IT firm Kapsch TrafficCom AG has the best chances of heading the body. Sorgers term only ends in around two years, but the institution is allegedly interested in clarifying the […]
Flat prices jumped in “crisis year” 2009 as many see condominiums as a safe haven for their money, according to a business expert.Thomas Malloth, head of the Federal Economic Chambers (WKO) real estate department said today (Weds) the value of owner-occupied flats rose by 3.5 per cent from 2008 to 2009.”Strong demand, especially in conglomerations, […]
Viennas famous Spanish Riding School (SRS) has caused a media storm with reports today (Tues) claiming the institution suffered losses of 400,000 Euros last year.Two of the SRSs four head riders suspended from work in 2009 after being at odds with SRS boss Elisabeth Gürtler were still on full wages report the dailies and says […]
Customers of an Austrian supermarket chain will be able to order hydro energy supply while buying their foodstuff.Bosses at Merkur said today (Tues) shoppers would be offered contracts with Styrian provider Unsere Wasserkraft, a subsidiary of Energie Steiermark, at its shops as of now.Merkur is part of the German Rewe Group which also includes market-leading […]
US Ambassador makes investment appeal
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The US Ambassador to Vienna has encouraged Austrian firms to invest in the USA.William C. Eacho said at a Vienna business event hosted by the Austrian Economy Chambers (WKO) Foreign Trade Department (AWO) yesterday (Thurs) that the US economy would continue to recover.”(US President Barack) Obamas long-term reforms will bring the country back on track […]
Austrian car petrol prices are lower than the European average.German motorists association ACE Auto Club Europa said today (Fri) Turkey topped the ranking with an average 1.88 Euros for one litre of petrol. It said fuel was cheapest in Russia where drivers pay just around 81 cents.ACE Auto Club Europa said car petrol cost an […]
FlyNiki chief Niki Lauda has ditched his plans to sue European aviation authorities over losses suffered from the ash cloud-triggered lockdown of airspace.Lauda told Austrian press today (Fri): “My lawyer gave me a success chance of 60 per cent. I saw a 50 per cent prospect of winning the court case.”The three-time Formula One champion […]
The Austrian textiles industry is hoping for better times ahead after registering a dramatic decline in turnover last year.Official figures presented today (Fri) show the industry was confronted with a 20 per cent year on year drop in turnover in 2009 to 2.05 billion Euros. Statistics also show that the number of staff employed in […]