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   Wednesday, 14 May 2008
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Austria country news

Top Stories
Austria plans to accelerate hydropower development
Austrian Economy Minister Martin Bartenstein said in Vienna on May 5 that his country would speed up the development of hydroelectric power in the next... full story

Uniqa reports 53% profit increase for last year
Keep talking to Turkey, but the door could shut
Gazprom, OMV spat could leave Austria out in the cold
Protests over China Olympics could hurt long-term exports
Telekom Austria Group closes Tele2 acquisition deal
Kidnapped tourists reportedly OK
Bishop critical of minarets
Biomass power seals 400 mln Euro investment
OVP does well at polls
Political
Ride the bus or use your mobile phone, but not both
If you’re going to use public transportation in the city of Graz, put your mobile phone on silent and keep it in your pocket because... full story

Austrian Chancellor coming to talk on range of issues
Austria Rail under fire over its salary levels
Calls for reintroduction of the monarchy
Online investigation for PCs on the horizon
Ruling parties tamper with Wikipedia site
US reacts to defence minister’s comments on missile plan
Corruption committee’s decision on aircrafts due this week
Stricter anti-doping legislation passed
Calls for extradition of president's son-in-law
more political news...


Business
Wienerberger bricks are big in Central Europe
Austrian brick maker Wienerberger reported a net profit drop by nine percent to 30.2 million Euro for the first quarter of 2008 but said strong... full story

Saudi investor running from its Austrian Airlines deal
RZB is expanding to Spain
Austrian Matimex expands its business in Uzbekistan
Strabag reports 15% operating profit increase for 2007
Defying the markets, Erste Bank reports record Q1 profits
MEL’s fall continues faster than its profits drop
Bad times for RZB, a 312 mln Euro sub-prime loss
Serbia halts copper smelter sale to A-Tec
Paybox is getting paid as its revenues rise
Economic
March unemployment rate drops by 11.5%
 Austria’s unemployment rate in March dropped by 11.5 percent year-on-year, continuing a trend from the first two months of the year the country’s economy ministry... full story

Tourism to grow this month
Ministers call for rent freeze and lower prices for medications
Drop in consumer confidence slows 2007 growth
Brussels approves Austrian rules on Nabucco pipeline
AT&S Q3 net income up 42% to 11.7 mln Euro
AUA’s passenger volume stagnates in 2007
SkyEurope stabilises by halving losses
Inflation increased 2.2% in 2007
Real growth for 2008 lowered by researchers
more business news... more economic news...
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interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development
Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow
Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”
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