Vienna International Retail and Consumer Industry News
Read the latest headlines about developments in the international retail and consumer industry in Vienna and Austria
Structural Change in Austrian Winter Tourism
Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.
December 31, 2010
REWE Group Focuses on Wind Power
6500 MWh of electricity per year are generated by wind turbines in the Lower Austrian Haindorf. The energy produced is bought by the REWE Group.
December 28, 2010
Tourists from Russia Increase
The number of Russian guests in Austria continues on the rise. A double-digit growth might even be possible again.
December 28, 2010
Further Rise in Energy Prices for Households
Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.
December 27, 2010
Generali Money Study: What Austrians Will Spend their Money on in 2011
More money will be spent on vacations, housing and sports. Propensity to consume is higher in men.
December 27, 2010
Schlumberger: Seasonal Business Goes Well
Austria's largest producer of sparkling wine was able to improve its results and sales. Only the cash flow remains negative.
December 27, 2010
Merger Between Bwin and PartyGaming Finished
The common company, bwin.party digital entertainment, will be the world’s largest publicly listed online gaming provider.
December 24, 2010
AustrianTourism Figures Increase.
According to Statistik Austria, the winter season started with positive figures in Austria: November breaks a new record in overnight stays with 3.8m..
December 23, 2010
New Markets for Red Bull and Rauch
The Austrian Food companies Rauch and Red Bull open new distribution networks through the Croatian Atlantic Group.
December 21, 2010
Potential of Austria's Creative Industries
Mitterlehner and Leitl: the Austrian creative industry accounts for 60,000 cross-industry jobs and acts as an export driver.
December 20, 2010
JoWood is Deep in the Red
The Vienna game developer has to accept a loss of over € 25m in the first three quarters. Sales have fallen sharply.
December 17, 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
No competition for Austrian Post
The letter market remains under control of the Post in Austria. Despite liberalization plans, there are no interested parties on the market.
December 15, 2010
Austrians spend about € 2.5bn on gifts
Spending propensity shows a rising trend. Cash is still the most widely means of payment.
December 14, 2010
A Las Vegas for Europe
On the Austria-Hungarian border, the European “EuroVegas” gaming metropolis is to be built for € 5.0bn.
December 8, 2010
Increase of Austrians’ Purchasing Power
Despite higher taxes and lower benefits, the purchasing power of the Austrian people will grow in 2011 by an estimated 2.6%.
December 7, 2010
Sales Gowth in the Services Sector
In the third quarter, trade and services reached a revenue growth of 7.2% over the previous quarter of this year and of 5.2% over the same quarter of the previous year.
December 7, 2010
Sattler AG Expands to the U.S.
The Austrian specialty textiles manufacturer based in Graz, acquires the American brand Outdura in North Carolina.
December 6, 2010
Significant Losses at JoWood
The Vienna computer game manufacturer JoWood released its semi-annual report. The loss amounts to € 24 million.
December 5, 2010
DO & CO - Good Results in a Difficult Environment
The Austrian catering company Do&Co; currently achieves high growth in profits. Globally, Do&Co; however remains a small player.
December 2, 2010
Joint Venture Between Swiss and Austrian Post
The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.
December 1, 2010
Growth Trend in Austrian Advertising Market
After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.
December 1, 2010
bauMax Expands Further in Romania
On November 30, 2010 the Austrian DIY chain bauMax inaugurated its thirteenth Romanian market in Constanta.
November 30, 2010
Salary Increase in Trade up to 2.3%
Low incomes are taken more into account than higher salaries; the minimum wage in trade now amounts to € 1,300.
November 30, 2010
DO & CO Completed Capital Increase
The Capital Increase of Do & Co Restaurants & Catering AG has taken place successfully. The subscription and offer price was set at € 21.90
November 29, 2010
Kneissl: Bankruptcy Application Possible Despite Capital Increase
The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.
November 25, 2010
Food Industry Under Pressure
Above all, lack of capital and high labor costs are plaguing Austrian food producers.
November 24, 2010
Encouraging Development of Austrian Tourism
The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.
November 24, 2010
Study: Austrian Thermal Market Saturated
The regional management Burgenland has commissioned a study on the regional thermae. The offer is currently exceeding the demand.
November 19, 2010
Bwin Announces Q1-Q3 2010 Results
Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.
November 18, 2010
Hoteliers: Threat of Staff Shortage
On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.
November 17, 2010
GPA: Private Employees Receive 2.2% Salary Increase.
Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".
November 17, 2010
Post AG Announces Results for Q1-Q3 2010
The Austrian Post experienced a very stable period. Sales declined slightly, EBIT and cashflows increase moderately.
November 17, 2010
No Bankruptcy Proceedings Against Kneissl
Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.
November 15, 2010
Mobile Telephony: Growth and Continous Upward Trend
The use of mobile phones and telecommunications industry services continues to increase strongly in Austria.
November 12, 2010
Ottakringer Expands
After restructuring, the Vienna beer and mineral water producer plans to grow through acquisitions.
November 12, 2010
Manner: Slight Decline in Sales and Profits
Sales of the Viennese confectionery manufacturer are 1.4% lower that those of the previous year. Continued high prices of raw materials put pressure on the results.
November 11, 2010
Post Partners: The Concept Establishes Itself
The concept developed by the Wirtschaftskammer and the Post is more successful than expected. In total it should come to 2,000 branches.
November 9, 2010
DO & CO: Capital Increase by 25 Percent
DO & CO has decided to carry out a capital increase of 25 %.Maximum subscription and offer price amounts to EUR 21.90.
November 8, 2010
Protectionism in Favor of Casinos Austria and Novomatic?
The licenses for lotteries and casinos after 2011 are already reserved for Novomatic and Casinos Austria, is the allegation.
November 3, 2010
Corporate Bond of Novomatic: Surprisingly High Demand
Issuing volume has been doubled. The placement process has been closed very early, Novomatic-boss Wohlfahrt is content with the succesful bond issue.
October 22, 2010
KTM is Back Again
With a surprisingly positive quarterly result, the motorcycle manufacturer KTM shows its old strength. All expectations have been exceeded.
October 22, 2010
Booming Tourism: Aeroflot Pressure on Austria's Airports
New routes of Aeroflot subsidiaries to Austria are created due to the growing flow of Russian guests.
October 20, 2010
bwin Notifies Merger with PartyGaming to Competition Authority
Transfer to the London Stock Exchange is bad news for the Viennese financial center. The merger will create the world's biggest betting provider.
October 20, 2010
Tourism in Vienna is Booming Like Never Before
All hotel categories are benefiting from strong growth in bookings. August and September were record months.
October 20, 2010
ADEG Opens First Petrol Station
ADEG, a wholly-owned subsidiary of REWE AG, now expands its business by starting to provide the Styrian petrol stations.
October 14, 2010
Post and Bawag Join Branches
BAWAG PSK and the Post have agreed to work together more closely. BAWAG branches and larger post offices will offer in future both postal and banking services.
October 13, 2010
Online Sports Betting: Competition from William Hill
Local providers of online sports betting get a new competitor. William Hill, Britain's largest betting shop operator (about 2,300 stores) has launched its own Internet offering for Austria.
October 13, 2010
Klosterneuburg: LVA Invests 11.2 million euro in New Complex
The private food testing institution is erecting a new office and laboratory building north of Vienna, with 4,500 square meters of floor space for 120 employees.
October 13, 2010
Coface CEE Top 500 - Poland Largest Number of Companies in CEE
Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.
October 12, 2010
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