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Sacher Hotels Lay Off 140 Employees
The dramatic situation in Austria's tourism industry does not even spare one of the most prestigious hotels in Europe. The Sacher Hotels, located in Vienna and Salzburg, have announced the dismissal of 140 employees.
September 15, 2020
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Student Apartments Are Getting more Expensive in Austria
In 4 out of 6 student cities across Austria, the rent for single apartments which are mostly used by students are increasing. Only in Graz and in Linz the cost of the rent is experiencing a slight decline.
August 27, 2020
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EU Standards for COVID-19 Are Demanded
EU Commissioner Johannes Hahn, National Council President Wolfgang Sobotka (both ÖVP) and EU Member of Parliament Manfred Weber (CSU) are demanding EU standardised regulations in order to prevent further confusion as the regulations within the EU states are varying.
August 26, 2020
President Van der Bellen at the Salzburg Festival: "Artists Need All Our Support"
Federal President Alexander Van der Bellen invited his German counterpart Frank-Walter Steinmeier accompanied by Elke Büdenbender to a festival and working visit in Salzburg. Both presidents agreed on the fact that artists are in a very difficult situation at the moment and need to be supported.
August 24, 2020
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Austria Fears for Winter Tourism
The upcoming winter will be an immense challenge for the Austrian tourism industry. Tourism operators are requesting general and unified regulations implemented by the government to secure planning and tourists. A major focus will be laid on Après-Ski.
August 21, 2020
Austria: No more Border Controls with Neighbouring Countries except Italy
Restrictions on freedom of travel due to the Corona pandemic will be discontinued. The only country for which restrictions remain in place for the time being is Italy. A further evaluation is planned next week.
June 3, 2020
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Austria and Germany Agree to Open Borders on 15 June
The gradual opening of the borders between Austria, Germany and Switzerland will begin as early as Friday. From May 15th onwards there will only be spot checks at the borders between Austria and Germany, both countries announced. From 15 June, the borders are to be opened completely. Opening to Italy is not an issue for the time being.
May 13, 2020
Salzburg Festival: Awarded Festival of the Year by Musical America
The specialist journal "Musical America" has named the Salzburg Festival "Festival of the Year". The Musical America Awards will be presented for the 59th time in December at Carnegie Hall in New York City.
October 17, 2019
BMW to Invest 28 Million Euros in Salzburg Location
Within the framework of a festive event under the theme "Good for Salzburg. Good for Austria." the BMW Group recently laid the foundation stone for its new BMW Group Campus Salzburg for Central and Southeastern Europe. BMW is investing 28 million euros in the expansion of 400 employees. The inauguration of the new campus is planned for autumn 2020.
August 5, 2019
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Opening of the Salzburg Festival in the Context of the Climate Crisis
The Salzburg Festival (Salzburger Festspiele) is the world's most important festival of classical music and the performing arts. The opening speeches in 2019 were dominated by the themes of climate change and environmental protection. The keynote speaker was US director Peter Sellars.
July 30, 2019
Austria to Become Most Sustainable Tourism Destination in the World
Sustainability Minister Elisabeth Köstinger presented the "Plan T - Master Plan for Tourism" in Salzburg. This strategy paper is intended to ensure that Austria not only remains one of the leading tourist destinations, but that this position is further strengthened. For the first time sustainability is anchored as a basic principle for tourism. The strategic realignment of Österreich Werbung (ANTO Austrian National Tourist Office) is also on the agenda.
March 26, 2019
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A Competitive Classical Summer Stage for the World's Capital of Opera
The Danube Arena, a huge summer stage for classical concerts, opera and operetta, is reportedly to be built on the banks of the Danube in the middle of Vienna. The aim is to compete with the big summer venues Bregenz, Mörbisch and Salzburg and to give tourists and locals the chance to enjoy classical music even in summer (during the summer breaks of the established venues).
April 20, 2018
Salzburger Festspiele Generates EUR 215 Million Added Value per Year
The president of the Salzburg Festival (Salzburger Festspiele), Helga Rabl-Stadler, presented a new study proving the financial significance of the event. According to the study the festival generates added value of EUR 215 million per year in the whole country.
August 22, 2016
Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways
Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am
April 27, 2016
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Canada's Foreign Affairs Minister John Baird Visits Austria and The Balkans
Canada's Foreign Affairs Minister John Baird today announced that he will visit Croatia, Serbia and Albania. The visit to the Balkans comes after Baird spoke about Ukraine and other global security issues at a high-level forum in Salzburg, organized by the International Peace Institute and the Salzburg Global Seminar.
August 27, 2014
Persistent Boom in Austrian Real Estate Prices
On average, property and apartment prices were up by 6% last year. This is substantially above the inflation rate.
May 30, 2012
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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
Palfinger Plans Capital Increase
The Austrian crane producer is gearing up for further growth. An extraordinary General Meeting has been called for 3 November.
October 13, 2011
Alpine to Build Hotel in Warsaw
The Austrian construction group will be general contractor of the project in Poland. Total contract value is € 32m.
September 16, 2011
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New Road Construction Project in Bulgaria for Alpine
Rehabilitation of 109 km of road - Contract value: € 20 m - 24-month construction period.
September 12, 2011
Noricum Announces Significant Gold Mineralization at Austrian Projects
The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.
September 5, 2011
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Palfinger: Rise in Revenues by 48% in Q1/2011
Huge plus in revenue and earnings recorded in the first quarter of 2011. The Austrian crane manufacturer expects further growth for 2011.
May 10, 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
Decline in Sales for Salzburg AG
The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.
April 13, 2011
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Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Takeover of the Austrian Porsche Holding
The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.
March 1, 2011
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Sales Growth for Quehenberger
The Austrian logistics company posted higher sales in 2010 than expected, however without reaching the profit zone.
February 23, 2011
Energie AG Plans Capital Increase
The Upper-Austrian energy company is to raise funds in order to realize further investment projects.
February 7, 2011
Austria Provides 1.09 million Beds for Tourists in 2010
In Austria, the bed capacity utilization in the winter season is higher than in the summer season.
February 4, 2011
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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
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
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Rieder Wins Major Contract in Saudi Arabia
The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia
February 2, 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
Rise in Earnings for Palfinger
The Austrian crane manufacturer records a 29-percent plus in revenues for 2010. For 2011, the company shows an optimistic outlook.
January 25, 2011
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Austerity Package: Resistance from the Federal Provinces
While cries for savings are getting louder in the provinces, declarations of both consensus and objections come from the provincial capital cities
November 8, 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
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