All the European investment, retail, real estate, office and industry news in English language

Wednesday | October 28 | 2020

Vienna

Only four countries produced over 56% of Europe’s total lumber in 2019

European lumber exporters have expanded their sales overseas from 30% to 45% over the past ten years, with Asia receiving a...

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In more than 3.700 shops throughout Austria, cash can also be withdrawn at the cash registers, says Heute.
This week, 413.241 people were registered as job-seekers in Austria at the Labour Market Service (AMS), Heute reports.
Cherry, a global manufacturer of computer input devices and switches for mechanical keyboards, announced today the acquisition of Theobroma Systems Design...
Due to the corona crisis, the cable car builder Doppelmayr has to cut almost 200 jobs worldwide, Heute reports.
According to Statistics Austria, the number of holiday trips of Austrians with at least one overnight stay (including visits to relatives and...
From May to August, tourism revenues in Austria fell by 31.7 percent compared to the previous year, Heute reports.

NUMBER BUZZ

1000
jobs to be cut by Swarowski in Austria

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 second quarter of 2020 compared to 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 changing the name...

CA Immo exits Croatia with sale of Zagrebtower office building

CA Immo signed and closed the sale of the Zagrebtower office building to Austrian property company S IMMO AG at a...

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 is 3.8%...

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 be in danger...

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...

Austria: Emma and Maximilian were the most popular baby names in 2019

Emma and Maximilian topped the charts of first names given to newborn babies in Austria, as...

Rising housing costs causing concern for Austrians

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

OMV revises oil price assumptions

OMV, the international oil and gas company headquartered in Vienna, has reduced its Brent oil price...

European mayors to launch ”European Capital of Democracy” initiative

This Friday, 18 September, mayors from various European countries will launch the Europe-wide initiative ”European Capital of...

Airport City Vienna Office Park 4 building opened its doors

Office Park 4 officially opened its doors. Accordingly, Airport City Vienna has further expanded by an...

MAN to cut around 9.500 jobs in Austria and Germany

German truck and bus manufacturer MAN, controlled by Volkswagen, announced that it could lay off up to 9,500 employees in Austria...

SPAR Austria, €117.000 bonus payment for local egg farmers

SPAR Austria is rewarding about 130 Austrian egg farmers for their ongoing commitment to animal welfare...

Less people on minimum income scheme in Austria

A total of 267.683 persons were supported by the minimum income scheme ("Mindestsicherung") in 2019, as Statistics Austria reports....

MOST READ
TOP 5

The video streaming provider Netflix is once again increasing prices for customers in Austria. From three available subscription options, two will...
This autumn, a further 1.000 jobs are to be cut at Swarovski headquarters in Wattens. On Monday, 200...
An Austrian startup develops innovative patented Merino wool blend fabric and now seeks to finance their first clothing collection through crowdfunding.
Residential property prices as measured by the Austrian house price index increased by 5.8% in 2019, according to Statistics Austria. House...
CA Immo has closed the sale of Cube Berlin, a 17,500 sqm office property, to Nuveen Real Estate, one of the...