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Vienna International Guide - Austrian Lifestyle, Travel, Arts, Culture

After Downgrade of Vienna: No Consequences Expected

The Viennese financial senator Renate Brauner does not fear negative impacts on Vienna´s finance. This week, the city was downgraded by S&P.

January 27, 2012

S&P Downgrades Austrian Provinces

The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.

January 26, 2012

Austrian Wage Tax Intake Grows

The Austrian wage tax volume totaled 21.6bn in 2010. Gross wages were up by 2.5%.

January 11, 2012

Real Estate Prices Still on the Rise

Rents were up by 2.7% in Vienna. Property prices rose by 2.2%. A further increase is expected.

January 2, 2012

Real Estate Boom in Austria

Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.

December 14, 2011

Vienna Has the Best Living Standard

The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.

November 29, 2011

New September Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 5.0% in September 2011. Hotel revenue grew by 7.7% in the first nine months of the year.

October 20, 2011

Vienna Again Among Top 5 in Innovation Cities Global Ranking

Boston came first again in a field of 331 cities in the Innovation Cities Global Index. This year’s among top five cities apart from Boston were San Francisco, Paris, New York and Vienna. Prague was 43th, Budapest 47th.

October 19, 2011

Warsaw Ahead of Vienna and Prague in the Ranking of the Most Attractive European Business Cities

Warsaw moved up three places in the ranking of the most attractive European cities to locate a business, prepared by Cushman & Wakefield.

October 13, 2011

Trainees in Vienna „Not Satisfied“

A study of the Viennese chamber of labor published, that a large number of trainees is not satisfied with their apprenticeships.

October 8, 2011

Vienna Hosts the World´s Largest Transport Event in 2012

ITS EUROPE is organising, in close cooperation with its counterpart regional organisations and the Host organisation, the 19th World Congress on Intelligent Transport Systems and Services (ITS) in Vienna, Austria.

September 7, 2011

Manner: Results Burdened by High Commodity Prices

The Austrian candy manufacturer posted a loss of € 2m in the first six months of the year. Revenue increased by almost 11%.

August 31, 2011

New Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 1.8% in July 2011. Hotel revenue grew by 13.7% in the first half of the year.

August 19, 2011

Bank Austria Finances Portfolio of Apartment Houses in Vienna

The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.

August 2, 2011

Immofinanz Completed Sale of Office Campus Gasometer

The Austrian real estate company and its partner sold an office property in Vienna for € 75m to Bank Austria Real Invest.

August 1, 2011

Immofinanz Sells Office and Retail Property in Vienna

The Austrian real estate group sold a property located at Simmeringer Hauptstraße in Vienna to HIH Global Invest GmbH for € 29.2m.

May 30, 2011

Austria's Importance as a Location for Conventions increases

Events, conferences and trade shows are developing as an important part of Austria’s tourism industry. By international comparison, Austria is already ranks in eighth place.

May 5, 2011

Declining Profits for Manner

The Austrian candy manufacturer experienced a steep rise in expenditures for commodities. EBIT declined from € 7.0m to € 4.2m.

April 30, 2011

Vienna’s Real Estate Market is Booming

With the third quarter of 2010, the trend started to reverse for the Viennese real estate market. Property is booming again, rental real estate loses demand.

April 28, 2011

Vienna International Airport: Kirschner is the New Chairman of the Supervisory Board

Ewald Kirschner will temporarily lead the Supervisory Board until CEO Christoph Herbst takes over the chair again. Opinions are divided concerning the privatization of the company.

April 27, 2011

Christof Holding AG Takes over BEA Electrics from bluO

With the acquisition of 100 % of Vienna-based BEA Electrics, the Styrian Christof Holding AG, which is wholly owned by the Christof family, continues its expansion.

April 27, 2011

Lower Austria Seeks Airport Privatization

Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.

April 23, 2011

Herbst’s Withdrawal is Imminent

The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.

April 22, 2011

Overnight Stays Record for Vienna in March: +3.3%

This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.

April 21, 2011

Vienna Harbour is Cooperating with the Port of the Emirate of Sharjah

In future, the ports of Vienna and the Emirate of Sharjah intend to cooperate more strongly. An agreement to this end was signed on Monday at the port of Vienna.

April 14, 2011

Vienna Reacts to Predicted Housing Shortage

Union and construction industry welcome the "housing offensive" of the city government.

March 17, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Decreasing Wine Production in Austria

According to Statistics Austria's wine harvest survey 2010, a wine production of 1 737 500 hl was achieved, produced on an area of 43 700 ha (-3% to 2009).

March 5, 2011

Economic Policy: Criticism of Berlin, Praise for Vienna

The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.

March 4, 2011

Kapsch: In-sourcing from China to Austria

The Viennese Kapsch CarrierCom brings the production of GSM systems from China back to Austria.

February 19, 2011

Epic Acquires 93% of Ukrtelecom

The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn

February 15, 2011

Jank: Vienna Leads in Company Start-Ups

Almost 8,000 enterprises founded in 2010, a quarter of all Austrian start-ups, comes from Vienna.

February 10, 2011

The Westbahn Complains Because of ÖBB-Subsidies

In December, the new “Westbahn” (Western Railway) will start competing with the ÖBB (Austrian state railways) which are allegedly being privileged by the government.

February 3, 2011

Siemens Austria Receives an Order for Poland

The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.

February 3, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Skylink: Judicial Investigations are Presently being Conducted

The final report of the Audit Court on the Vienna International Airport Skylink project has been submitted. Criticism is devastating. Criminal investigations are starting.

February 1, 2011

Increase in Passengers at Austrian Airports

Every of the six Austrian Airports could record substantial growth in passengers in 2010. Their number rose by 7.9%.

January 31, 2011

bwin: Uncertain Future in Austria

After the approval by the shareholders of the merger with the British PartyGaming, the task division is still to be determined.

January 29, 2011

GM Powertrain-Austria Celebrates its 20 Millionth Transmission

The Austrian General Motors subsidiary also invested € 50m in the five-speed transmission production in 2010.

January 28, 2011

Sanochemia Stays in the Red

Despite improvements in its financial data, the Austrian pharmaceutical company Sanochemia does not succeed in eliminating its losses

January 28, 2011

Still Losses at update software AG

update software AG, an Austrian provider of CRM solutions listed on the Frankfurt Stock Exchange, has released its preliminary results for 2010.

January 28, 2011

Booming Tourism in Vienna

In 2010, guest-nights grew by 10.3% in Vienna. This is a new record since 1989.

January 25, 2011

Viennese Economic Chamber Demands Tax Relief for SMEs

The President of the Viennese Economic Chamber, Brigitte Jank, presents a three-stage relief model for small and medium-sized enterprises.

January 20, 2011

Vienna International Airport: +8.7% Passengers During 2010

The strongest increase has been recorded in passenger traffic to Eastern Europe and to the Middle East. For 2011, the company expects a 5.0% increase.

January 20, 2011

Satisfaction at CEE Stock Exchange Group

The CEE Stock Exchange Group (CEESEG) looks back at a “busy and successful year 2010”.

January 5, 2011

Real Estate Prices Rose in Vienna in 2010

Real estate prices rose in Vienna, according to the portal FindMyHome.at by almost 3%; rental prices slightly over 1%.

January 3, 2011

NXP Sells Sound Solutions Business

The major electronic company NXP moves to the Styrian Gratkorn. The former Philips-subsidiary has sold its division for speakers located in Vienna, Austria.

December 26, 2010

Slight fall in profits at Wien Energie

The municipal energy supplier achieved in the last fiscal year mostly stable results. Sales remained virtually unchanged.

December 24, 2010

Ottakringer expands range of products

The Austrian beverage company performed four significant acquisitions, causing Ottakringer to be also represented in the CEE region.

December 16, 2010

Changes on the Management Board of Vienna International Airport

After several weeks of controversial discussions, the Supervisory Board announced Christoph Herbst as new CEO. He will succeed Herbert Kaufmann.

December 16, 2010