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News Update Austria

 



GBP/EUR back over €1.41
GBP/EUR exchange rates broke back through €1.41 yesterday as Greece continues to dominate the headlines.

This makes it a good time to be buying property in Austria if you have investment from outside the euro zone.

26 May 2015


 

Police narrowly miss catching intruders into Austrian parliament

VIENNA, May 18  — Police narrowly missed catching intruders who broke into the Palais Epstein parliamentary building in Vienna on Sunday night, parliament Secretary-General Harald Dossi said Monday. Early investigation indicated that three to four hooded persons entered the mansion via the roof which was accessed from a neighboring building, he told a press conference. At about 2 a.m., an alarm was triggered, upon which the task force personnel arrived “in a short time” but were too late to catch the intruders, Dossi said. The suspects were said to have caused considerable damage inside the building. They damaged doors, computers, broke open cabinets and drawers and ransacked their contents. The offices damaged included those belonging to the Social Democrats, the People’s Party, as well as those of the parliamentary administration, Dossi noted. Whether anything has been stolen would be known by Tuesday, he said. Dossi said investigators would also look into whether security measures were adequate in light of the incident. Source: English.news.cn   19 May 2105

 

Smokers to be banned from Austria’s cafes

After years of heated public debate, Austria’s government decided on Friday that it will ban smoking in cafes and restaurants in 2018, having passed a law six years ago that forced eateries to seal off non-smoking areas.

The Chamber of Commerce said it was looking at taking legal steps against the ban in a country famed for its cafe culture and where smoking is above European averages. France, Britain, Italy and some German provinces have introduced similar bans. Cafe owners who go completely smoke-free by July 2016 will get a special one-off bonus to offset costs at least partially. “We are strengthening the protection of non-smokers in Austria, but also take into account the interests of businesses which have already invested in the spatial separation of smokers and non-smokers,” APA news agency quoted Conservative Economy Minister Reinhold Mitterlehner as saying. But not everyone was convinced. “Incredible. What are we going to do? You know that Austrians like to smoke when they drink coffee,” said Elzin Nicevic, manager of a cafe on Vienna’s Ring boulevard. The head of Austria’s right-wing Freedom Party, Heinz-Christian Strache, whose party is neck and neck in opinion polls with the two centrist coalition parties, said he would scrap the law should his party win parliamentary elections in 2018. “We don’t need enforced joys such as this failure of a law,” the heavy smoker said of the bill, which parliament is expected to pass within months. Reuters – 10 April 2015


 

Arrivals/Overnight Stays in Austria for the year 2014

A slight decline in the number of overnight stays in Austria, which is being attributed to people visiting for a shorter period, as the number of guests increased!. In calendar year 2014 (final results), a total of 131.9 million overnight stays was reported; this means a decline of 728.000 overnight stays (-0.5%) compared to 2013 (132.6 million). The decline was observed both in the number of overnight stays by guests from abroad (96.2 million; -0.7%) and in the number of domestic overnight stays (35.7 million -0.2%). There was an increase by 1.9% (37.6 million) in the number of guests (= arrivals). Arrivals both among Austrian residents and among guests from abroad rose by 1.9% to 12.3 million resp. 25.3 million. The average length of stay declined to 3.5 days compared with the previous year (3.6 days). April 2015


 

Quality of Living Rankings: Vienna Tops the List Again

Published: March 2015 (FriedlNews)

Vienna remains at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

Vienna: City with Highest Quality in Life / Picture: © Mercer LLCVienna has the world’s best quality of living, according to the Mercer 2015 Quality of Living rankings.Overall, European cities dominate the top of the ranking along with major cities in Australia and New Zealand. Zurich, Auckland, and Munich are in second, third, and fourth places respectively. In fifth place, Vancouver is the highest-ranking city in North America and the region’s only city in the top 10. Singapore (26) is the highest-ranking Asian city, whereas Dubai (74) ranks first across the Middle East and Africa. Montevideo in Uruguay (78) takes the top spot for South America. Mercer conducts its Quality of Living survey annually to help multinational companies and other employers compensate employees fairly when placing them on international assignments. Source: www.friedlnews.com

Global Peace Index: Austria is Third Most Peaceful Country

March 2015 (FriedlNews)

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

The 2014 Global Peace Index shows a continuation of the seven year trend for declining levels of peace globally.

  • Since 2008 51 countries have improved while 111 countries have deteriorated in peace
  • The world has become 4% less peaceful since 2008
  • Europe remains the most peaceful region, with 14 of the top 20 most peaceful countries
  • Syria has replaced Afghanistan at the bottom of the index, with its Global Peace Index score falling 84% since 2008
  • Georgia showed the largest improvement in peace levels
  • The total economic impact of containing violence is estimated to be US$9.46 trillion in 2012

The three least peaceful countries are South Sudan, Afghanistan and Syria. Levels of peace in South Sudan deteriorated the most since 2013, falling 16 places from last year. Trends According to the Global Peace Index, the world global average peace score deteriorated slightly since last year, mainly due to global increases in terrorist activity, the number of conflicts fought and the number of refugees and displaced people. Economic Impact The economic impact of containing and dealing with the consequences of global violence last year was estimated to be US$9.8 trillion. This is equivalent to 11.3% of global GDP – twice the combined GDP of African countries. Risk This years’ Global Peace Index includes a new statistical modelling risk tool which identifies countries at risk of descending into violence and unrest in the next two years. The new methodology analyses a data set stretching back to 1996, and compares countries with the performance of states with similar institutional characteristics. The ten countries most likely to deteriorate in peace in the next two years are Zambia, Haiti, Argentina, Chad, Bosnia and Herzegovina, Nepal, Burundi, Georgia, Liberia and Qatar. Source: www.friedlnews.com

 


First Images Of Eurovision Stage

6.2.15

It is now possible to see the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year’s winner Conchita Wurst. The design of the stage is in the form of an eye and will be created from 1,288 individual pillars. These pillars representing the nations will be lit with LEDs allowing for a variety of lighting effects and designs alongside the floor of the stage itself. An amazing 22-metre-wide and 8.5-metre-tall LED display forms the back of the stage allowing the director, set designers and lighting teams to create a show to remember. Director of television company ORF, who are behind the show’s organisation, Kathrin Zechner, explained: “The eye is a symbol for bridge building – to promote respect amongst different cultures, countries and peoples. The realisation of this artistic vision has been achieved by the best in their professions – both nationally and internationally.” The show designer Florian Wieder, for example, has worked on international television productions including 16 MTV Award shows, America’s and Britain’s Got Talent, and a song contest in the German city of Dusseldorf. Besides this, he has had huge national success with programmes on ORF such as Starmaina, Dancing Stars and Helden von Morgen. His stage designs have also been used by huge stars such as Beyonce, Jennifer Lopez and U2. The lighting design is under the control of Al Gurdon who has worked on the half time show for the Super Bowl, Victoria’s Secret shows, American Idol and previous Eurovision Song Contests in the Russian capital Moscow and Norwegian capital Oslo. Gurdon said: “The thing I like the most about Eurovision is that you have to be able to produce lots of different looks – you need to put a lot of energy into it but it’s really liberating. The audience are expecting something state of the art and the opportunity to produce something like that is fantastic.” Gurdon even received an Emmy for his work with Madonna for the Super Bowl and the Winter Olympics. The director of the Eurovision show in Vienna is Kurt Pongratz who is responsible for the conception and visual realisation of the event. Pongratz said: “For any director, it is a huge challenge to be working on the world’s biggest TV entertainment event. However, I’m working with Florian Wieder and Al Gurdon who are the absolute best at what they do and I’m thrilled to have them on side.” Pongratz was responsible for the staging and storyboard for Conchita Wurst’s winning performance in the Danish capital Copenhagen last year. He said: “Really our collective goal is to bring a spectacular and enchanting show to 200 million viewers worldwide in Vienna – the capital of music.”

Austrian Times   – http://austriantimes.at/news/General_News/2015-01-21/52164/First_Images_Of_Eurovision_Stage


 

Sterling, will it hit 1.40 euro?

28.1.15 For UK buyers or investors in Austria, the news is all good…the Pound has broken through the 1.30 euro mark, making it much cheaper to buy property in Austria. This means that over the last 3 months UK buyers have gained 10% making their purchase that much cheaper…and in fact the increase in Sterling has effectively given UK buyers their purchase costs. So, will it last..well that depends on the ECB, and any annoucements they make for the euro and quantitive easing, which would lower the value of the Euro. But now is one of the best times to buy.


 

New Super Rail Station for Vienna

There was a festival atmosphere as Bundespresident Heinz Fischer opened Vienna’s new Hauptbahnhof Friday morning. He was accompanied by Frau Fischer, Vize Kanzler Mitterlehner, Minister Alois Stöger and Vienna Bürgermeister Michael Haüpl. The President of Parliament, Doris Bures was also present. Earlier, ÖBB Boss Christian Kern emphasised that the project had been completed on time – then he pointed to the huge arrivals board and joked that all of the trains were likewise on time ! The new railway station took 7 years to complete at a cost of just over 1 billion Euros. 20,000 workers were employed on the site. There are offices, apartments, as well as a shoping mall with 90 Top Shops. ÖBB expects more than 145.000 passengers to use the station every day. By Ken Cameron Austrian Times


An Austrian Park turns into a Lake Every Year !

Spectacular images that show how a park becomes a lake each spring complete with underwater trees have been captured by two divers. The snaps were taken at the Gruener See, or Green Lake as it is called in English, located in the southern Austrian province of Styria. During the winter months the lake, located near the town of Tragoss at the foot of the snow-capped Hochschwab mountains, is only around a metre deep and the surrounding area is part of the country park. It is a favourite location for hikers and campers, but all of it vanishes underwater in the spring when the winter snow starts to melt, sending waters flooding down from the nearby mountain range. During the summer, the lake reaches its maximum depth of around 12 metres and trees have adapted to being completely underwater for upwards of a month every year at a time. And as these spectacular images show it creates an eerie landscape, in which the crystal clear waters flooding down from the melting ice and snow still allow the light to filter onto the grass and shrubs below. The photographs are part of the project to highlight Austria’s investment in making sure it’s rivers, streams and lakes remain crystal clear and unpolluted. They are being shown at a new Under Water World exhibition at the Biology Centre in the southern city of Linz to highlight the country’s aquatic beauty spots. Two of Austria’s leading underwater photographers, Gerald Kapfer and Harald Hois, also captured some of the plants and animals beneath the underwater lake which can now be seen at the photography exhibition. Exhibition curator Stephan Weigl said: “Many people are surprised that images like these have been captured in Austria rather than in somewhere more exotic like the Maldives but we really do have a beautiful aquatic landscape that is perhaps sometimes overlooked against the backdrop of the country’s other natural wonders.”


Austrian economy falls, with the European trend

By Matej Klenovský. Translation by Tomáš Buš Austria is in line with the current economic trend in Europe, according to several economic indicators made public in Austria on Friday. Analysis of the results of the indicators show that at the moment, there is a moderate decrease, almost stagnation, in the price levels. Meanwhile, industrial production is slowing down at a significant rate, as it is in many other European countries. The results of the Austrian Industrial Production indicator show that production has decreased in March by 1.8% in comparison with February, the second month in a row where it has dropped. The greatest decrease was recorded in capital goods (-4.5%) and durable goods (-4.7%) whilst the situation in the construction sector has also worsened for the second month in a row. The construction sector, being probably the most cyclical out of all sectors, represents an important part of an economy and its development is exceptionally dependant on the current economic state of a country. As a result, it is often a useful predicting indicator for forecasting a country’s economic development. Meanwhile, the Austrian Central Statistical Office also discussed a change in the Production Price Index this Friday, which measures the average change over time in the selling prices of the output from domestic producers. The indicator decreased by 1.2% in comparison with April 2013, although there was no change in comparison with March 2014. A decrease in the energy prices (-3.8%) and intermediate goods (-1.3%) is responsible for these lower prices. On the other hand, the prices of investment goods rose year-on-year by 0.6%; the increase in the price of machinery (+1.5%) and motor vehicles (+1.1%) is responsible for this rise. The greatest decrease within a month was recorded in the price of fats and oils from plants and animals, which sank by 16.2% in April. This significant drop contributed to the fact that the price of consumer goods increased only by 0.2%. Finally, one of the most popular indicators is Bank Austria Manufacturing PMI, which is based on the survey of over 300 industrial companies. The index has for the ninth month in a row now shown expansion (over 50 points). However, the tempo of the growth is consistently decreasing as of the beginning of 2014, when the level of the index was recorded to be over 54 points. The last records show a decrease in the indicator from 51.4 points in April to 50.9 points in May, which has also been the monthly minimum for the past nine months. According to most of the surveyed subjects, the reason behind the lower total results lies in the slowing down of the sub-index New Orders, which is responsible for the lower demand among customers as well as greater competition. A lower interest from the domestic market also plays a significant role in the decrease of the total demand. Meanwhile, the growing demand from abroad has led to a mild rise in exports.


 Flights launched between Vienna and Manchester.

Thousands of holidaymakers from northern England can now waltz away from Manchester on a direct flight to Vienna – the first flight from the country that takes off outside London. The first flight between the northern city and the Austrian capital took off last week on 2 May, just in time for the British May bank holiday. Already 8,000 Brits have bought tickets with airline company operating the route Jet2.com. “Vienna is one of the largest un-served European resorts and it appeals to lots of customers, businesses and travel. It’s a great city and I know what is has to offer,” said David Neill, the head of Jet2.com planning. People are used to regular city breaks such as Rome or Paris, and we wanted to offer somewhere different. Jet2 are hoping that Vienna’s cultural, musical, and cuisine offerings will attract visitors from Manchester and the surrounding regions who want to discover an alternative European city break. Prices begin at 43 GBP (52 EUR) per person, including taxes, and there will be three flights a week on Mondays, Wednesday, and Friday.

Featured Property

For Sale
Houses€ 295,000

Guesthouse with 6 letting rooms or potential for 4 holiday apartments in Pusterwald, Styria ( Steiermark )

Larchenhain 1, A-8764 Pusterwald, Austria

Guesthouse Sonnblick is situated at Pusterwald in the region of Murtal , there are 8 ski mountains in the area..a dream for ski and snowboard lovers! This property could also be easily converted to make 4 one bedroom holiday apartments. If you are a F1 fan the famous Red Bull Spielberg race track is a short drive of approx. 30 mins as […]

  • 400 approx plus basementm2Area
  • 7Beds
  • AA/SonnblickRef:
  • 1,024Total Plot
  • More Details

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