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Thursday | November 26 | 2020

Vienna

Overnight stays in Vienna dropped by 84.5% in October

Vienna's overnight stays in October were 84.5% lower than in the previous year and reached only 242,000. Most overnight stays were recorded from the...
BMW is investing 400 million euros in a new vehicle assembly at the main plant in Munich and move its European production activities for...
6.336 persons acquired Austrian citizenship in the period January to September 2020, according to Statistics Austria. The number of naturalisations decreased by 16.7% compared to...
THQ Nordic completed the acquisition of Vienna-based studio Purple Lamp, effectively making it a 100% subsidiary of THQ Nordic GmbH. The studio worked on titles...
Online giant Amazon secures first place in the ranking with an annual turnover of 834,3 million euros in 2019, Heute reports. In addition, Zalando.at (EUR...
In the first three quarters of 2020, Raiffeisen Bank International (RBI) generated a consolidated profit of € 599 million. The negative impact on Raiffeisen from the recession caused...

Austrian Airlines to start mandatory Covid-19 rapid antigen tests on two flights

On November 12, 2020, Austrian Airlines is starting a further testing phase on flights OS171 (Vienna-Hamburg) and OS172 (Hamburg-Vienna) in order to integrate Covid-19...

Voestalpine AG revenues fell by 21.9% to EUR 5.1 billion

Voestalpine decrease in revenue by 21.9% from EUR 6.5 billion to EUR 5.1 billion stems from smaller delivery volumes and lower prices. Profit before tax fell year over year from EUR 163 million to EUR –268 million, and profit after tax from EUR 115...

200 million euros invested in 2020 by Austrian retailer XXXLutz

2020 is a record year in terms of investments for XXXLutz. 200 million euros were invested and more than 30 furniture stores were opened. In...

In Austria you can withdraw money from supermarket tills

In more than 3.700 shops throughout Austria, cash can also be withdrawn at the cash registers, says Heute. Billa, Bipa, C&A, the organic retailer Denn's, Hofer, Lidl, Mediamarkt, Merkur, Mpreis, Penny, Unimarkt and Zgonc are now included, as well as some hosts in the rural...

413.241 people are registered as job-seekers in Austria

This week, 413.241 people were registered as job-seekers in Austria at the Labour Market Service (AMS), Heute reports. There are...

Cable car builder Doppelmayr to cut around 200 jobs

Due to the corona crisis, the cable car builder Doppelmayr has to cut almost 200 jobs worldwide, Heute reports. At...

How the Austrians spent their holidays this year

According to Statistics Austria, the number of holiday trips of Austrians with at least one overnight stay (including visits to relatives and friends) was nearly...

Austrian tourism revenues fell by 31,7% this year

From May to August, tourism revenues in Austria fell by 31.7 percent compared to...

Austrian economy dropped by 12.1% in the second quarter of 2020

The Austrian gross domestic product (GDP) dropped by 12.1% in volume terms during the...

Starting 1 Octomber 2020 Dänisches Bettenlager Austria is Jysk

On 1 October 2020, all Dänisches Bettenlager stores in Austria changed name to Jysk. ”By...

11.900 foreign controlled enterprises operated in Austria in 2018

In 2018, 11.900 enterprises in Austria operated under foreign control, according to Statistics Austria. This...

One third of Westbahn jobs are in danger to be cut

At the private Austrian railway company Westbahn, 100 of the 300 jobs appear to...

Peter Bosek to leave Erste and become CEO of Luminor Bank

Erste Bank Oesterreich CEO Peter Bosek announced that, after 24 years at Erste including more than 13 years in various management board positions, he...

Rising housing costs causing concern for Austrians

Austrians consider the trends in housing costs to be much more problematic, says an survey by IMAS International, conducted...

OMV revises oil price assumptions

OMV, the international oil and gas company headquartered in Vienna, has reduced its Brent oil price planning assumptions.  The long-term...

THIS WEEK
TOP 5

6.336 persons acquired Austrian citizenship in the period January to September 2020, according to Statistics Austria. The number of naturalisations decreased by 16.7% compared to...
Erste Bank Oesterreich CEO Peter Bosek announced that, after 24 years at Erste including more than 13 years in various management board positions, he...
Whereas in the previous year the airline carried around four million passengers between April and June, this figure was only 53.000 in 2020. As...
On November 12, 2020, Austrian Airlines is starting a further testing phase on flights OS171 (Vienna-Hamburg) and OS172 (Hamburg-Vienna) in order to integrate Covid-19...
The video streaming provider Netflix is once again increasing prices for customers in Austria. From three available subscription options, two will be more expensive. Customers...