Austria News

Thermal springs in Austria are overcrowded and noisy. This is usually a good sign for full tills and good turnovers. But a new study predicts a sudden end of Austrias thermal spring boom.
The main base of the conclusion: thermal springs are nothing exciting or special anymore. The market is saturated, and it’s not possible to [...]

Austrian communists are annoyed about the slot machine market in Austria. Now they demand a ban of the banknote entry in those machines. The anger of the communists is also directed to Socialdemocrats and Peoples party. “They stand on their brakes when it comes to prohibitions”, explains a spokesman of the communists.
The Communist party of [...]

Viennas bio enterprise Apeiron receives 200 million Euro from the British pharmaceutical giant Milestone. The reason for such a money rain is an agreement about a partnership between both enterprises.
The female vice mayor, finance, as well as economy councilwoman of Vienna, Renate Brauner, was the first one who sent her congratulations for that success. Viennas [...]

Austrian rail riders should never be in a hurry. Last year every third long-distance train arrived delayed. The reason of such a disastrous result is the high amount of construction zones.
The situation debases from year to year. In 2008 more trains arrived punctual. 2009 had an increase of 10 percent more delayed long-distance trains. A [...]

Austrias building enterprises have more and more problems to surive on the market. Industry figures and representatives confirm low profit margins. If there is a small problem, a bankruptcy is quickly the consequence.
It happens with increasing frequency that constructions can’t be finished because the property developer became insolvent. A big problem if the buildings were [...]

The last year was a bad year for Austrias airports. A dramatic decrease of passengers cause anxious faces among the responsible persons.
Viennas airport Schwechat noted down a minus of 8,3 percent. The worst affected airport in Austria was Salzburgs International Airport “WA Mozart” with a decrease of 14 percent. The airport with the lowest minus [...]

Austrias sport shops were not able to discover the economic crisis in their sales. Even quite the opposite. Last year Austrias sport shops made record sales as never before.
Sales increased up to 2,1 billion Euro. The manager of the market leader explains: “Austrians have a pronounced health consciousness and doing sport is part of it.” [...]

Austrias white wine called “Veltliner” is becoming more and more popular in Germany, reports Austrian Broadcasting Corporation ORF. Now Austrian wines already caught up the French ones in the export to Germany.
Veltliner from the province of Lower Austria is the most popular of all Austrian white wines. Only German and Italian wines are more popular [...]

The new time table of the Austrian Federal Railway does not hit the taste of a lot of commuters, reports Austrias Broadcasting Corporation. Also the official representation of employees in Austria is not happy about it. “Long-distance train do not stop in every station anymore”, is the main reason for their critics.
Commuters and the representation [...]

“Everything has an end, only the GAK has more”, was one of the entries in the message board on the website of Austrias Broadcasting Corporation about the financial problems of the GAK.
It was only one year ago when the club made the impossible and secured its continued existence after two bankruptcies. One year later the [...]

Two airlines contest for the cheapest airfare from Innsbruck to Vienna. At the moment the cheapest ticket from Innsbruck to Vienna and back costs 100 Euro. This is cheap as never before.
100 Euro is a true killer price. For the railway and also for the airlines themselves. Now it depends which airline is going to [...]

A bank from Austria, which hit the headlines in a very negative way not such a long time ago, declared to cancel the interest-paying bank books of its customers. Just because. One-way.
Carinthias daily newspaper “Kärntner Tageszeitung” reports about it. The bank sends accompanying letters with the reference that those terms and conditions in that time [...]

Germany is the biggest market for Upper Austrias 6.650 exporters. That’s why the relief was quite huge that the Christian Democratic Union (CDU) and the Free Democratic Party (FDP) are running Germanies next government.
One of the exporters said to Austrias financial newspaper “Wirtschaftsblatt”: “We were really concerned that a red-red-green government would come to power [...]

Those people who are interested in fashion might be delighted. This weeks Thursday a fashion design outlet is going to open its gate in Salzburg. 28.000 square metres with more than 100 brands and 800 new jobs.
McArthurGlen Outlet offers a shopping experience with a discount of 70 percent. The temple of fashion is located in [...]

Austrias Broadcasting Corporation “ORF” reports about a huge success for brothels and prostitutes in Carinthia. At the moment 30 brothels with 350 legal and another expected 350 illegal prostitutes contest for customers in Austrias most southern province.
And the boom does not seem to stop. More brothels are already in process of planning. This week a [...]

The richest provinces of Austria are Vienna and Vorarlberg. A new survey revealed that the people of those two federal states have a lot of money in their pockets compared to people from other provinces of Austria.
Austrias poorest provinces are the Burgenland in the east, East Tirol and Carinthia in the south. The survery locates [...]

One man’s joy is another man’s sorrow. As hotels are worrying about dramatically decreasing over night stays, bed and breakfast guesthouses are booked out as never before.
Also the website of Austrias Broadcasting Corporation reports about a “rebirth of the bed and breakfast guesthouse” in Austria. Experts were wrong in the past times when they claimed [...]

The mounting pressure and an higher unemployment cause an increase of dissatisfaction in the Austrian tourism industry. The first time since many years the employment figures in Austrias tourism decrease.
Economy scientist Kai Biehl explains: “The economic crisis has reached the tourism.” In general the satisfaction of employees in gastronomy and hotel business is lower than [...]

Accoring to a press release of the National Bank of Austria, every Austrian has an average savings balance of 50.000 Euro. Another new occurrence is that Austrians don’t like to take so much credits anymore as before.
Most of the Austrian savings are located on bankbooks and other conservative forms of saving. The more conservative, the [...]

Austrias civil servant minister Gabriele Heinisch-Hosek from the Socialdemocrats has a brillant idea how to remove the lack of policemen in Austria. Yesterday she has presented he plans to the public: 1.200 postmen should become policemen.
Gabriele Heinisch-Hosek thinks that skillful postmen can help the Austrian police with valuable assistance. Her detailed plans are still a [...]

The Austrian Federal Railway seems to have a serious problem with an internet forum about the railway in Austria, which has many critical postings. Medias report that the employees of the Federal Railway have no internet connection anymore to this website.
The Austrian Federal Railway is known to react very sensitive about critical voices. Three years [...]

Carinthias most successful family businessman 2009 comes from an entrepreneurial family which had a small grocery for more than 100 years. But as he did not wanted to work in a grocery shop, he decided to find an employment in a bank.
After five years of hard work in a bank, he found out that he [...]

The industry of Austrias most southern province Carinthia feels the effects of the international financial crisis. Two third of the companies confirm a very bad order situation. And the lowest point is still not reached yet, claim experts.
Industries like construction and food are still doing relatively well. The timber and electronics industry, as well as [...]

Austrias agriculture minister Nikolaus Berlakovich from the Peoples Party visited the town of Dornbirn on Wednesday.
Reason of the visit was the claim of some farmers that something should be done against the milk price crash.
Berlakovich said that the only possible exit of the crash is the increased consumption of Austrian milk by Austrian citizens. [...]

The Austrian Federal Railways are going to present a lossy balance for 2008. An article in Austrias business paper “Wirtschaftsblatt” reveals the disturbing situation.
The reasons of such a disaster can be found in the loss in speculative operations, and lushly write-downs of the capital assets. The whole loss of Austrias Federal Railways amounts 800 million [...]

Lower Austrias forwarding agencies are in deep economical trouble, reports the Austrian Broadcasting Corporation. The reason of such a disaster is the economic crisis.
The chairman of the concerning occupational group says that the situation comes to a head. He explains it became quite difficult to receive credits. The banks removed hauliers in the at-risk group. [...]

A poker casino wants to open its gates next month in the provincial capital of Vorarlberg Bregenz.
The ministry of finance and the town government of Bregenz are not happy about it
The general manager is someone from Vienna who already runs several poker saloons in Austria. He wants to open the new locality in the [...]

The German Otto mail order company close its logistics site in the town of Karlsdorf close to Styrias capital Graz, and dismiss 270 employees. “We are shocked” was the first reaction of the management spokesman in Austria.
Redundancy programmes are already in development. The reason of this decision can be found in the redistribution of the [...]

The new vice chairman and top candidate for the European election of the green party in Austria, Ulrike Lunacek, explains that the approval of the European parliaments majority to the report of the European energy strategy is a bad sign.
She confirms her will that the European Union is not allowed to support atomic energy, and [...]

Austrias most western federal state Vorarlberg has to expect a massive teacher shortage in the following years. Especially vocational schools with higher education entrance qualification are going to have serious bottlenecks.
There are not enough teachers for lessons like mathematics, physics, or chemistry. More and more teachers of those school subjects retire. Another reason is the [...]