Austrians did more than 300 million hours of overtime last year, labour market experts have said.Upper Austrian Labour Chamber (AKOÖ) president Johann Kalliauer said today (Thurs) that around a third of the 314 million overtime hours was unpaid work.He further added that the creation of approximately 60,000 new full-time positions was hindered by the massive […]
WIFO says industry will do well in Q2
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Austrias economy will recover in the second quarter of this year, a leading think tank has predicted today (Thurs).Vienna-based Institute for Economic Research (WIFO) said the countrys industrial branchs engagement will soar by three per cent to 79 per cent compared to the first three months of 2010.WIFO said engagement will continue to increase. “The […]
Upper Austrian dairy Gmundner Molkerei has said it will close a plant in Freistadt after acquiring it less than four years ago.Gmundner Molkerei head Michael Waidacher announced yesterday (Weds) the 400 deliverers and 15 staff working at the site in Freistadt have already been informed. He added all of them have been offered to work […]
Signa buys Vienna’s IZD Tower
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Signa Holding added another high-profile property to its portfolio this week as the real estate firm bought the IZD Tower in Vienna-Donaustadt.Signa boss Benko said yesterday (Weds) his company paid British fund Matrix 212.25 million Euros for the skyscraper located near Vienna International Centre. Matrix paid 247 million Euros when it acquired the building four […]
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 […]
Austrians spent more on Fairtrade products year on year in 2009 and bosses expect another two-digit rise this year.Fairtrade Austria chief Hartwig Kirner said today (Weds) Austrian supermarkets made 72 million Euros with products of the international certifications range last year, 10.8 per cent more than in 2008.”We expect another double-digit increase in turnover this […]
The European Commission (EC) said Austrias economy is to grow stronger than it had expected half a year ago.EC officials forecasted a 1.3 per cent year on year rise today (Weds) after giving a 1.1 per cent growth prediction last December.The new prediction matches the forecasts of Austrias two leading think tanks.The Institute for Higher […]
Austrian communications provider Telekom Austria (TA) is to launch a prototype phone booth with an integrated charging station for electric cars, company bosses announced today (Tues).Charging stations will offer the possibility to pay via mobile phone using text messages, the “Paybox” system or a RFID (Radio Frequency Identification) card with a RFID chip.TA currently operates […]
The number of car registrations dropped sharply last month, it has been announced.State agency Statistik Austria said today (Mon) 31,807 newly registered cars in April meant an 11.4 per cent year on year decline.The 107,745 cars registered between January and April 2010 however meant a 7.5 per cent increase compared to the same time span […]
ÖBB brushes out red ink in 2009
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Austrian Federal Railways (ÖBB) is back in the black after ending a controversial speculative deal with Germanys Deutsche Bahn (DB).ÖBB said today (Mon) its operating profit had been 121 million Euros in 2009 after it had had 970 million Euros in losses in the previous year.The company however lost 300 million Euros in a speculative […]