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Austrian Economic Headlines and Analysis

S Immo Raises Profit Thanks to Strong Business in Germany

The listed sImmo managed to substantially boost its profits in the first nine months of the year. The profit of the Austrian property company increased from EUR 22.2 million to EUR 28.2 million also thanks to value growth mainly of the property in Berlin.


Dim Labour Market Outlook - Creditreform Survey

Austrian enterprises are not very willing to increase their personnel, shows a survey by creditor protection association Creditreform. The survey showed no net employment increase as one in five companies reduced the headcount.

November 25, 2015

Austria's Industrial Output Up by 0.3 Pct Y/Y in September

Austria's industrial output edged up by 0.3 percent y/y in September, showed the production index for manufacturing industry as per the calculations of stats office Statistik Austria.

November 25, 2015

Upper Austria Catching Up with Vienna

According to a study comparing economic indicators in Austrian provinces and prepared by researchers of the Linz Johannes Kepler University, the province of Upper Austria is catching up with the capital Vienna. In 62 areas Upper Austria performed better than Vienna did.

November 23, 2015

Austrian M&A Market: Takeover Merry-Go-Round Goes On in 2015

The global market for mergers and acquisitions in Austria has been gaining momentum, a survey conducted by Ernst and Young (EY) among 1,600 managers of 53 countries. In Austria 59 percent of the companies intend to make acquisitions in the next 12 months, the highest since the beginning of the survey in 2010.

November 23, 2015

Austrian Hotel Industry Optimistic about Winter Season

The winter season is going to be rather good, the hotel industry association in Austria (Österreichische Hoteliervereinigung (ÖHV)) predicts. Increasing burdens weighed down on investment plans of the sector, it was stated in a press release issued by ÖHV.

November 23, 2015

Pensions - FinMin to Draft Negotiation Documents

Finance Minister Hans Jörg Schelling (ÖVP) wants to prepare a document for negotiating the issue of pensions in Austria, to be used by his party. The negotiation documents will contain among others demands for the automation of changes to the pension system. At the moment, the politician notes, there are only propositions ready for the papers in question, but these will be processed by experts.

November 23, 2015

Vienna Books New Tourist Record for October

With 1.2 million overnight stays last October Vienna manager to slightly exceed last year’s record value by 0.6 percent. This was announced by Vienna’s tourism agency. Growth has been recorded also for the whole year.

November 20, 2015

Household Energy Prices in October 9.5 Pct Down

In October Austrian household energy price sank by 9.5 percent, compared to the same month of last year and reached a 5-year low. In comparison to September household energy prices dropped by 1.2 percent. Above all heating oil and fuels became cheaper.

November 20, 2015

Tourism in Salzburg - More than 26 Million Overnight Stays

The tourist season 2014/15 brought the province of Salzburg more than 26.2 million overnight stays, which is the best result since record-keeping started. Growth was recorded both in summer and in winter. The tourist year begins on November 1 and ends on October 31 of the following year.

November 19, 2015