Archive for August, 2007
Germany declares “tax war” on Austria
August 29th, 2007 in Austrian TaxesGermany is upset about Austria and declares the “tax war” on the little Alpine republic.
Reason: Austria removed its death duties.
Germanies answer to Austria: Germany is going to cancel its double-tax agreement with Austria which exists since 1954. German citizens should not be able anymore to “pay” death duties in Austria.
Germany want to prevent the drain […]
Textile and fashion chain Fussl wants to expand
August 28th, 2007 in Austrian BusinessThe Upper Austrian textile and fashion chain Fussl wants to open 12 new shops in the next 12 months. The sales of the enterprise should increase up to 73 mio EUR this year.
Fussl is also thinking to open several shops abroad. “But we have no pressure to do that”, says Fussl boss Karl Mayr junior. […]
Austrian Building Firm Swietelsky buys Petri Bahnbau
August 27th, 2007 in Austrian BusinessThe building firm from Austrias federal state Upper Austria enforce its railway building sector, and buys the traditional Lower Austrian railway building company Petri.
Swietelsky has 6.600 employees and 1,11 billions EUR construction benefit. The enterprise from Upper Austrias provincial capital Linz has confirmed the deal to the federal competition authority.
Now Swietelsky and Petri Bahnbau have […]
Carinthian industry complains: no apprentices
August 22nd, 2007 in Austrian EconomyUsually Austria has an excess supply on apprentices. Many young people are still without a promise for a professional education.
Carinthia is different than the rest of Austria. In Austrias Southern province the industry complains about no availble apprentices.
Most of the pupils who start a job training choose traditional jobs like car mechanic (boys) or hairdresser […]
Hirsch watch bands make watches noble
August 21st, 2007 in Austrian EconomyWatch band manufacturer Hirsch from Carinthia is world market leader. Hirsch sells his watch bands in 62 countries around the world.
This year the sales should increase from 40 million EUR up to seven percent.
The company is located in Carinthias provincial capital Klagenfurt, and manufactures between 6 and 10 millions of high grade watch bands.
Hirsch has […]
Principal of Akuda Yachter Charter in detention pending trial
August 20th, 2007 in Austrian MoneyThe Lower Austrian principal of the yacht charter company “Akuda” has to go to imprisonment on remand. Suspicion: defalcation and fraud.
Akuda Blue Water and Holidays was also known as “Blu Balu Yachting”. The spokesman of the company shows himself clueless. “We committed no crime”, he says.
The intermediate result of the investigations against Akuda shows 800 […]
High tax: Italian companies of South Tyrol move to Austria
August 10th, 2007 in Austrian TaxesSouth Tyrol was taken away from Austria by Italy after the first world war in 1918.
Now enterprises from South Tyrol leaving Italy and moving to Austria. Reason: the taxes of Italy are too high.
The two most famous South Tyrolean enterprises who want to leave South Tyrol and move to Austria are Fercam and Salewa.
High taxes […]
Omicron Electronics: checking devices for energy systems
August 9th, 2007 in Austrian EconomyOmicron Electronics from the Austrias federal state Vorarlberg is the world market leader of checking devices for energy systems.
The enterprise was founded by Rainer Aberer in 1984. The first target was to develope software for telecommunications. Since 1990 Omicron devotes itself in the development of checking devices for guard and measuring equipment in electronic energy […]
Cross-country vehicle manufacturer Arctic Cat accelerate
August 8th, 2007 in Austrian EconomyThe cross-country vehicle manufacturer Arctic Cat from Salzburg is still stepping on the accelerator pedal: new chain stores in Europe are planned.
Arctic Cat AG wants to stabilize its market position in Europe. The Americans want to focus the whole business in Europe by its Austrian subsidiary from Salzburg.
Two years ago Arctic Cat won the business […]
Austrian formwork constructer Umdasch has new sales record
August 7th, 2007 in Austrian BusinessA new record in sales, announces the Lower Austrian formwork constructer Umdasch from Amstetten. For the first time its sales exceed the volume of one billion EUR.
Umdasch is the world market leader in formwork construction. Reason of the new record is the contribution on the construction works of the world biggest building: the Burj tower […]
Traditional clothes manufacturer Gössl produces bicycles now
August 6th, 2007 in Austrian BusinessFor the traditional clothes manufacturer Gössl from Salzburg it’s not enough to create textiles.
Gössl now started to manufacture bicycles. One Gössl bicycle cost 1880 EUR. The bicycle is made in retro style and has an electric motor.
“Gössl Rad” is the name of the new product and available in all chain stores of Gössl. The bicycle […]
Binder & Co.: technology for glass recycling made in Austria
August 3rd, 2007 in Austrian EconomyRecycling machines of the Austrian company Binder & Co. detect even the finest foreign matters in waste glass.
Such a technology has a big potential for the Eastern European market.
The Austrian company Binder & Co. from the Styrian town of Gleisdorf, is world market leader in the manufacture of special machines for waste glass recycling. The […]
Upper Austrian shoe manufacturer “Shoe Fashion Group” invests
August 2nd, 2007 in Austrian BusinessThe shoe manufacturer “Shoe Fashion Group” from the Upper Austrian town of Taufkirchen expands its shoe-empire in record time.
New shops should rise, and also the original company building should be extended.
The group made an increase in turnover by 23 percent last year. This means from 51 mio EUR to 64 mio EUR.
New shoe shops should […]
Director of Austrian Broadcasting ORF goes to Red Bull TV
August 2nd, 2007 in Austrian BusinessDietrich Mateschitz did it again. Andreas Gall, who was the technical director of the Austrian Broadcasting Station ORF until last year, is the technical chief of the new TV channel “Red Bull TV”.
The new TV channel of Red Bull should improve the trade mark of the energy drink. Red Bull TV should have its focus […]
Austrian cutting systems of Kuchler are world market leader
August 1st, 2007 in Austrian EconomyKuchler cutting systems for sausage and cheese are popular around the world. The company from Carinthia is world market leader, and even the US Navy cannot be without machines from Kuchler.
If a soldier of the US Navy eats a sandwich, the sausage inside was cut with a cutting system from Austria. 1.500 of those machines […]
MAN wants to invest 100 mio EUR in its location in Steyr
August 1st, 2007 in Austrian EconomyThe German manufacturer of utility vehicles wants to invest 100 mio EUR in its plant in the Upper Austrian city of Steyr.
The capacities should be clearly extended.
MAN want to increase the manufacture of driver’s cabs from now 30.000 up to 50.000 pieces per year. The truck production should be increased from 23.000 to 30.000 every […]
