Austria News

Upper Austrias provincial Freedom party chairman Lutz Weinzinger shows himself very upset about the decided ban of foreign currency loans in Austria. The only exception are “wealthy customers”. They are still allowed to take those controversial foreign currency loans. Weinzinger said that Austrias capital market supervisor known as “FMA” is the henchman of the banks. [...]

Calculations of the National Bank of Austria revealed the fact that Austrians are not so much motivated anymore to save a lot of money. The national saving rate decreased from 12 down to 11,2 percent in the third quartal 2009. Less money was invested into financial assets, and this is the reason of a “slower [...]

A pyramid scheme in Austrias federal state of Styria, especially in the area around the town of Voitsberg, is going on since several years. The police claims that the harm of the illegal business model already reaches the total of more than 2 million Euro. At the moment the police was able to trace 13 [...]

According to a research of the institute called “Makam Market Research”, Carinthia stays Austrias poorest federal state. Styria and Burgenland are also not one of the richest provinces in Austria. They are barely infront of Carinthia. The richest regions of Austria are accordingly Vienna, Salzburg and Vorarlberg. The biggest increase of wealth was found in [...]

The Austrian railway does not care about the cheap airline tickets from Vienna to Innsbruck. “We won’t decrease our fares”, says the spokesman of the Austrian railway “ÖBB”. The airlines of SkyEurope and Tyrolean offer very cheap tickets to fly from Vienna to Innsbruck and back. One flight is possible for 29 EUR. By way [...]

Good times for the petrol stations in those parts of Austria, which are located close to the German border. More and more Germans are coming to refuel their cars for a cheaper price in Austria. Now the oil traders and oil combines want to expand their petrol station net in those areas. The Austrian regions [...]

According to a survey of the market investigation institute Karmasin, Austrians want better opening hours for their banks. The banks should also open on Saturday. 47% of Austrians would agree an extension of opening hours. More personal contact and better informations about new products, are another important things. Only 27% of the Austrians are satisfied [...]

Every fifth person in Austria under 25 years, needs the service of the debtor advisory board. The beginning of the Austrians to their “debtor career”, already starts before the 20th birthday. A start into life with personal bankruptcy is becoming more and more normality for young people in Austria. The Upper Austrian college and the [...]