Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner will meet with mineral oil industry bosses and petrol station chiefs to discuss soaring fuel prices.More and more Austrian drivers are fuming as petrol stations upped prices shortly before the Easter and the Whitsun weekend holiday breaks.A vast majority of 90 per cent of Austrians even think firms […]
Bernhard Felderer, who heads the Vienna economic think tank the Institute of Higher Studies (IHS), has said that last nights Euro-zone stability package was “a reasonable solution” that had already begun to stem speculation against the Euro.Speaking today (Mon) Felderer said: “They (finance ministers) did not have many other options,” adding that “it is not […]
Austrian students are interested in economics, but their knowledge about it is cause for concern, according to the Austrian Institute for Educational Research on Economics (ibw).The Institutes report released today (Fri) are the results of a test taken by 1,900 students in Austrian higher-educational institutions and shows that only half of them had an adequately […]
US pharmaceutical firm Baxter will expand its operations in Vienna and Orth an der Donau, Lower Austria, the Lower Austrian Economic Councillor Petra Bohuslav has said.The statement came today (Fri) following her return from a visit to Chicago, Illinois, where Baxter Internationals headquarters are located.Since Baxters Austrian locations were its most important in the area […]
Austrian exports rose in February
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Austrian exports rose in February by 5.5 per cent year on year to 7.82 million Euros, according to Statistik Austria.The agency added today (Fri) that imports had grown by 3.4 per cent year on year to 8.08 billion Euros in February. Both exports and imports had declined year on year in January.For the two months […]
Austrian electricity provider Verbund wants to buy hydroelectric plants in the Pyrenees and the Alps in France, firm General Director Wolfgang Anzengruber said today (Fri).He said Verbund would compete for licences for plants operated by EdF and GdF-Suez that would be newly issued. Verbund would be interested in obtaining 10 per cent, or 5,000 MW, […]
Austrian oil and gas producer OMVs chief Wolfgang Ruttenstorfer has said he expects his firm to have much better results this year than in 2009.Ruttenstorfer said today that predictions were difficult at present, especially given the recent sharp decline in the price of OMVs stock, but said the plunging Euro would be “positive” for the […]
The Austrian Foreign Trades (AWO) representation in Prague is to host a showcase in a bid to strengthen ties with Czech companies in the renewable energy sector, it has been announced.Officials said many “very interesting and promising” biomass, biogas and waste management projects were currently going on in the Czech Republic.Austria is the official partner […]
Austrian business chiefs earned almost 500,000 Euros in so-called crisis year 2009, research shows.The research by Viennese consulting firm Kienbaum presented today (Thurs) shows that heads of Austrian firms cashed in an average 468,000 Euros before tax last year.Kienbaum experts said Austria lies above the European average, adding that comparable figures for the previous year […]
The cancellation of 3,500 flights due to the Europe-wide air traffic shutdown slashed passenger figures of FlyNikis partner Air Berlin last month.The Berlin-based firm, which has a 49.9 per cent interest in Niki Laudas company, said today (Thurs) year on year passenger figures plummeted by 16.5 per cent to 2,065 million in April.Air Berlin said […]