Not because of a rich harvest: This year too there is a lack of harvest workers, and there are hardly any Austrians
Closed borders and blatant cases of exploitation made harvest workers an issue in the corona year. Hundreds of workers are missing again this year. SN / dpa Local workers are rarely available for the asparagus harvest. A non-farmer can do little with the size specification of 100 hectares. The...
Semperit 2020 with record profits and sales
The listed rubber processor Semperit Holding achieved historic records in sales and earnings in 2020 after a loss in 2019. The bottom line was a net profit of EUR 194.6 million, after a previous loss of EUR 44.9 million. Operationally, EBITDA tripled from EUR 67.8 million to EUR 208.6...
Corona crisis is making money scarce in households
economy The financial situation of households has worsened significantly during the corona crisis, according to a survey (1,200 people sample) by the tariff comparison platform “durchblicker”. According to this, 38 percent of households have suffered financial losses, 17 percent of which are no longer able to meet their fixed...
Covid-Hilfen – lawyer: Exclusion of companies unlawful
Companies that have lost major completed financial criminal proceedings in the past five years cannot get corona aid. But this is unconstitutional, says an expert report commissioned by Gerald Zmuegg, owner of the Viennese consulting firm “Finanzombudsmann”. 40,000 companies are affected by the exclusion – even companies that have...
Wood grows high in construction
Wood is the building material of the future. Austria’s timber construction pioneers did the preparatory work. Now the land of the future is lagging behind. SN / hoho Showcase project HoHo in the Seestadt Aspern in Vienna. HOHO / DERFRITZ Sigi Fritz, specialist for turnkey wooden architect houses in...
Scandal about masks: Lenzing is thrown out of ethics fund
The scandal surrounding the masks of Hygiene Austria has the first negative consequences for co-owner Lenzing – the first fund managers are pulling the emergency brake. And retail is waiting for answers. SN / apa The trade has taken the Hygiene Austria masks from the shelves – and does...
Varta and Pierer announce cooperation for two-wheel batteries
The two prominent Austrian entrepreneurs and investors Stefan Pierer and Michael Tojner want to jointly develop e-mobility as a future business area. Your companies Pierer Mobility (KTM) and Varta want to “send a strong signal in and from Europe” with battery systems in the electric two-wheeler sector, as they...
Hope for transatlantic air traffic from June
The umbrella association of airlines IATA expects transatlantic air traffic to open up in June. “We are quite optimistic,” said IATA boss Alexandre de Juniac on Wednesday in Geneva. He is assuming that both sides will agree on common rules for safe air traffic before the summer travel season....
Austria’s financial market is well regulated, Vienna in the middle
Austria’s financial market is well regulated, but Vienna as a location is only in the middle in an international comparison. This is shown by two reviews published on Wednesday. According to the Swiss SFI’s regulatory index, Austria ranks 12th among 31 countries in terms of regulatory issues. Yet there...
Surprising wine export record in 2020 despite the corona crisis
Despite the corona crisis and long gastro lockdowns, local winemakers surprisingly exported more wine in 2020. Austria Wein Marketing (ÖWM) recently expected a decline. The export volume rose last year to 67.4 million liters (+6.3 percent), the turnover climbed to the new high of 187.3 million euros (+2.4 percent),...