Latest News

Austrian commercial aviation - 2009 a difficult year

In 2009 commercial aviation registered 22,6m passengers (including transit), 2.1m less passengers (8.5 per cent) compared to 2008. Airfreight decreased by 2.5 per cent or 209,200.3 tonnes while air mail also declined by 10.1 per cent.

May 18, 2010

Transaction tax - SPÖ plans a referendum

The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.

May 18, 2010

Inflation at 2 per cent in April

Austria’s inflation rate remains constant at 2 per cent in April compared to March. Without driving price developments of petroleum products (+23 per cent), inflation rate would register 1,1 per cent according to “Statistik Austria”.

May 18, 2010

WIFO-head - transaction tax yes, but not solo

If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.

May 18, 2010

Transaction tax is favourable to bank tax according to WIFO

According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.

May 17, 2010

Manpower to break threshold of 3000 temporary workers

In 2009 25 branches were opened in Austria and a turnover of €84,3m was achieved.

May 17, 2010

Austrian health insurance sector recorded a small deficit

After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.

May 17, 2010

Construction costs further rising

Construction costs for residential buildings and housing estates significantly increased in April. The index portrays a 4.5 per cent increase compared to last year’s value and a 1.1 per cent increase to the value in March.

May 17, 2010

Alpine to retreat from hydro energy project

Bulgarian news agencies confirmed the retreat of Austrian building company Alpine from a common hydro-energy project with Austrian energy company EVN and Bulgarian state-owned company NEK.

May 17, 2010