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News Briefs

News Briefs: July, 2010
01/07/2010

In spite of the financial crisis, there are more millionaires than ever in Austria, according to a new study by Boston Consulting, with private investments in global markets back at pre 2007 levels.

The number of Austrian millionaires increased to 39,077 in 2009 from 35,582 the previous year, with investments growing 8% to $676 billion, making Austrian investors among the world’s biggest winners.

“We were surprised at the result,” said Peter Damisch, coauthor of the study, which reviewed assets held in stocks, bonds and investment funds worldwide.

Losses were significantly lower in Austria than elsewhere, with asset levels in the “horror year” of 2008 down only 1.4% here, as compared with 5.9% average for Europe and 20% in North America.

News Briefs: July, 2010
01/07/2010

The likelihood an Austrian school child will attend Gymnasium has much more to do with the address of their elementary school than their grades, according to a new TIMSS study released Jun. 9 by the National Institute for Education Research, Innovation and Development (Bifie) in Vienna.

Nearly half of the difference in school choice (46%) correlated to the size of the community in which the elementary school was located, the researchers said. The study also revealed that the education level of the parents was the next highest predictor of an elementary school child’s decision to enter Gymnasium.

News Briefs: July, 2010
01/07/2010

Austrian newspapers continue to prosper in spite of the financial crisis and the wrenching changes in the industry that have shaken the print press elsewhere, outperforming all other countries in the study by some measures, according to an soon-to-be-released study by the Organization for Economic Cooperation and Development (OECD).

Compared to a decline in revenue in the industry of almost 30% in the United States, revenue to the Austrian newspaper industry fell by just 2%, followed in Europe by France at 3%, although from an already lower level, and Germany at 10 %. The second-biggest decline was in the U.K, down 21%.

News Briefs: July, 2010
01/07/2010

Thai filmmaker Apichatpong Weerasethakul – whose films were the subject of a retrospective at the Austrian Film Museum in April, 2009 – was awarded the Palme D’Or at this year’s Cannes Film Festival for his beguiling and beautiful film Uncle Boonmee Who Can Recall His Past Lives.

Described by the Guardian as “gloriously worthy” of the coveted prize, the joint production was filmed on locations in France, Germany, Spain, Thailand and the U.K., and is considered a departure from the disconnection and dark cynicism of recent winners.

“This is a visionary film,” wrote critic Peter Bradshaw in the guardian.co.uk, describing it as “mysterious, dreamlike, gentle, quiet, magical.”

EU and the Balkans
01/06/2010

With currently 27 member states, the unification of Europe is still not and will not be complete until the six remaining Western Balkan countries join the Union, stated the Commission of the European Communities in 2003. Albania, Bosnia-Herzegovina, Croatia, Macedonia, Serbia and Montenegro have filed their candidacy already at the beginning of the new millennium and expect to become full EU members in the maximum span of 10 years.

Vienna (still) has the best quality of life
01/06/2010

Vienna remains in the top spot as the city with the highest quality of life worldwide, according to a survey by Mercer Austria – an association that advises domestic and international companies on human capital issues. One place below on the list follows Zurich, then Geneva, the same as in 2009.

The study was conducted on both national and global levels, within two demographics – local managers and those working abroad – examining various political, social and economic aspects along with access to public transportation. Vienna was chosen due to “a high degree of security, political stability and a well operating infrastructure,” said Josef Papousek, director of Mercer Austria.

Bilingual Kindergarten
01/06/2010

This fall, Austria’s first Chinese-German bilingual kindergarten will open its doors in the Viennese District of Meidling.

In the “Meidlinger Sonnenblume” (“Meidlinger Sunflower”) German and Chinese native speakers will care for small groups of German-and Chinese- speaking children, ideally in equal numbers. Directors Jun Lu Berger and Karl Berger believe it will allow the children to learn two languages effortlessly.

Chinese is spoken by 1.3 billion people today, making it the most common language worldwide. Mandarin, the mother tongue of 800 million, will be the language used to converse with the children in the “Meidlinger Sonnenblume” kindergarten

Fischer Re-elected Austrian President by 78.9%
03/05/2010

Heinz Fischer was re-elected for a second term as Austrian Federal President Sunday, Apr. 25, receiving 78.9% of the vote as expected. He thus achieved his goal of winning the absolute majority in all nine federal states.

In spite of the predictable outcome, there had been intense criticism of the secondary candidates. FPÖ candidate Barbara Rosenkranz became a lightening rod of debate because her belief that freedom of expression also covers “absurd, scurrile and condemnable opinions”, thus referring to national-socialist ideas, while Rudolf Gehring, running as a candidate for the Christian Party CPÖ, a new entry on the political spectrum, was heavily criticized for having taken advantage of a legal loophole to go into early retirement.

35% of Viennese Use Public Transport
01/05/2010

Around 811.8 million of travelers used Vienna’s public transportation services in 2009 – the highest record in the recent years. The study conducted by the Austrian Institute for Social Research and Statistics showed that around 35% of Vienna’s residents ride on buses, trams and metros on a daily basis, far more than in Graz or Linz with only 20% and 25% respectively.

This surging usage has contributed to a significant decrease in the number of people using private cars in the city. In 2009, public transport moved ahead of private for the first time, which now accounts for only 32% of primary travel by the Viennese.

Travel Survives the Crisis
01/05/2010

The financial crisis is persistent, yet some passionate travelers seem to still put aside enough money to spend on journeys. Particularly in Austria, tourists spent more money in 2009 than 2008, equaling into 6.72% of tourists’ spending – the highest level since 1997 according to www.traveller-online.at.

“We managed to get a good market share during the crisis,” said Reinhold Mitterlehner, Austrian Minister of Business and Economics. “With this growth Austria is behind only China, Turkey and Australia – that means the fourth in the world.”

01/04/2010

The Vienna-based International Press Institute (IPI) will hold its annual World Congress in Vienna, Austria, and Bratislava, Slovakia, from 11-14 September 2010, in honor of its 60th anniversary, the organization announced Mar. 3.

The three-day conference, entitled “Thinking the Unthinkable: Are We Losing the News? (Media Freedom in the New Media Landscape),” will focus attention on the state of the news media, providing new business models and solutions for the media, and the unique opportunity to meet and interact with major players from both traditional and new media outlets.

01/04/2010

Das weiße Band (The White Ribbon), the unexpected hit by Austrian Michael Haneke, has recently passed the 100,000 mark for tickets sold, according to the Österreichisches Filminstitut. Widely regarded as a masterpiece, the film has topped the attendance charts not only in Austria, but also ranked high in over 20 countries worldwide.

The movie, which was awarded the Palm d’Or at the Cannes Film Festival in May 2009, represents the unexplainable and partly supernatural events in a fictitious village in Northern Germany at the eve of World War I.

01/04/2010

The 2008 research project on the two mass graves, dating back to the years of WWII, has been recently brought to a halt. The burial sites were found in bomb craters underneath a sports field in Graz that was once the location of the Nazi SS Wetzelsdorf barracks. Austrian Defense Minister Norbert Darabos presented the results of the findings on Mar.10.

The graves contained the bodies of dozens of people executed by the Nazis, believed to be killed shortly before the arrival of the Soviet troops. According to historian Dieter Binder, chairman of the Military History Memorial Commission, the victims included two Allied soldiers, resistance fighters, prisoners and Hungarian Jews. The Americans are assumed to be pilots, shot down and imprisoned during the war.

01/04/2010

The Viennese state Parliament has decided on a prohibition of “commercial” begging. The People’s Party (ÖVP) and the Freedom Party (FPÖ) have favored the draft law by the Social Democrats (SPÖ). However, the Green Party vehemently disagreed and even demanded a voting by name on Mar. 26, which did not influence the outcome.

By no later than June, “commercial” begging will be legally punished by a fine of up to €700. Moreover, it will be possible for the authorities to remove beggars from the entrances of public buildings if they block the entryway. In Vienna, begging with children and “aggressive” begging have been forbidden since June 2008.

01/03/2010

The immense catastrophe in Port-au-Prince, Haiti, has been met with an equally large international humanitarian effort. The poor island nation has received aid from all over the world, Austria included. The City of Vienna has donated 500,000 euros to the relief fund.

The support organization known as Nachbar in Not (Neighbor in Need) includes many charities like the Austrian Red Cross and Caritas Austria. These non-profit organizations have been delivering supplies like blankets, tools, water and food to Haiti from Vienna’s airport, which has specifically waived parking and landing fees.

01/03/2010

Swallowed by debts in the value of nearly €40 million, with suppliers canceling shipments and creditors calling in debts, Cosmos, Austria’s second largest chain for electric appliances, has filed for bankruptcy.

After a series of unfruitful negotiations with Prisma, Cosmos’ most significant lender, owner and manager Markus Stauder announced the launch of a search for a new investor to take over the business.

01/03/2010

A planned € 2 million renovation of Stephansplatz by the private association Unser Stephansdom (Our St. Stephen’s Cathedral) has been heavily criticized by Vienna’s Green Party (Die Grünen), following the release of details of the project.

Association chairman Christian Konrad said the intended renovation would include reposition the construction site office -- the so-called Dombauhütte currently located to the north of the cathedral -- to an underground location beneath the cathedral. The Bischofstor (Bishop’s Gate) now covered by the Dombauhütte will be again visible following its relocation to the Underground site.

01/03/2010

Italy has reacted to the spate of avalanche deaths in the Alps (The Vienna Review, February 2010) by planning to introduce new draconian laws that would foresee €5,000 fines and possible prison terms for skiers and snowboarders who ignore avalanche warnings. The custodial sentences would be for those who had caused injury or death to third parties.

01/02/2010

Jewish cemeteries in Austria, many neglected since before World War II will finally receive financial support from the Austrian government, agreed on a majority in parliament on Fri, Jan. 29.

Most of Austria’s 63 Jewish cemeteries are in very bad condition. There were 200,000 Jews registered by the Nazis as living in Austria in 1938 when large-scale emigration began. By Reichskristallnacht (The Night of Broken Glass) in November, there were 97,000 left, nearly all of whom were deported to concentration camps and died there. After the war about a thousand returned. With these small numbers, neither individual families nor the Jewish community as a whole were able to maintain the cemeteries.

01/02/2010

Since 1996, the number of vacant shops in Vienna’s First District has increased from three to seven percent, according to a recent study of 2,900 Viennese retail businesses and service companies conducted by Gerhard Hatz of the University of Vienna’s Department of Geography and Regional Research.

The study shows that the “Textilviertel” (“Textiles Quarter”) around St. Ruprecht’s Church near Schwedenplatz has been affected the most: One-quarter of all stores in the area are unused at the moment. Particularly businesses which do not fit into the city’s new “entertainment scheme” – like bookshops, travel bureaus and bank offices – have moved away over the years. Only the sectors of arts and crafts and antiques have remained steady.

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