Category: Business

“Bank99”, which was launched by the Austrian Post in the previous year, did not make any profits for the group in its first financial year. The bottom line was that the bank had a deficit of 30.7 million euros because of the high start-up costs. However, the bank developed well in the Corona year and […]

When it comes to business, Ryanair boss Michael O’Leary is never at a loss for a loose phrase. Ireland should get active with the vaccination program, he recently rumbled. Like all airlines, Ryanair has been hit hard by the Corona crisis. In the current financial year, the airline expects a loss of around one billion […]

S-Immo shares started the new trading week on Monday with significant price gains. In the morning the shares of the Viennese real estate company were quoted 5.3 percent stronger at 19.00 euros. The evening before it became known that the Viennese real estate group Immofinanz wants to take over S-Immo, in which it currently holds […]

The Chinese economy got off to an unexpectedly strong start to the year. The industry produced 35.1 percent more in January and February than in the first two months of the previous year, which was marked by the Corona crisis, while retailers also had 33.8 percent more in their coffers. The economists’ expectations were exceeded […]

The Ministry of Finance has taken stock of the Corona economic aid. Since the beginning of the crisis a year ago, numerous auxiliary instruments have been created to support the Austrian economy in the Corona crisis – from cancellation bonuses to short-time work to fixed cost subsidies. According to the Ministry of Finance, 33.539 billion […]

Anna K. was a flight attendant. Now she’s going to be a nurse. The corona pandemic paralyzed entire industries and fundamentally shook the world of work in many areas. Two things are currently happening that will keep us busy even after the pandemic: On the one hand, certain sectors, such as the travel and tourism […]

Insignia – who? Some of you probably thought so when the soccer club Austria Wien presented its savior in need a week ago. Insignia agreed to financially bail out the “violets” and to secure their Bundesliga license. And that costs a lot: Austria’s most recent annual report showed liabilities of 78 million euros. In the […]

The British-Swedish pharmaceutical company AstraZeneca has justified further cuts in planned corona vaccine deliveries to the EU with production problems and export restrictions. The company was “disappointed” on Saturday that it had to cut the planned vaccine deliveries to the EU again. AstraZeneca is working “tirelessly” to speed up deliveries. According to this, only 100 […]

The corona pandemic has mixed up the grocery shopping of Mr and Mrs Austrians. Whereas at the beginning of 2020 there was an increase in sales of 5.1 percent due to the hamster purchases, this collapsed by 5.3 percent in the second quarter because of the full food. A “rollercoaster ride”, the trade association for […]

The Green Deal by Commission President Ursula von der Leyen, the Austrian Renewable Expansion Act (EAG). Both have the same goal: to phase out fossil fuels. Cars should run on electricity, trucks should run on hydrogen, and the electricity will in future be generated by wind turbines, solar panels and hydropower plants. Why the energy […]