Economy

Mr. Manchin’s Statewide Jobs Tour Starts on Labor Day

Mr. Manchin's tour is all scheduled and sources confirm that he will tour to Vienna also during his jobs tour.

Mr. Sen. Joe Manchin, D-W. Va is a U. S. senator from West Virginia. He has launched a jobs tour that he has planned to run through the state. Sources confirm that he will travel to Vienna on Tuesday forming a part of the same jobs tour.

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Japan’s NTT Docomo Acquires Austrian Fine Trade

Japanese carrier NTT Docomo has announced the acquisition of Fine Trade, an Austrian e-commerce solution provider for an undisclosed amount of over tens of millions of Euros. The company has not revealed the terms of business yet.

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Vienna for High-end Shopping

Traditional Vienna is going brand crazy in its so-called luxury facelift and this is working absolutely fantastically in attracting more tourists to the city from Arab, Asia and Russia along with the locals.

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Reportstack Adds Travel and Tourism to 2017 Market Report

It has been announced lately by the provider of premium market research reports, Reportstack, that Travel and Tourism in Austria has been decided to be added to 2017 market report to its offering.

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Profit for Austrian Energy Company OMV Goes Down in Second Quarter

Austrian energy company OMV revealed on Tuesday that its second quarter results were not as good as expected. But, it expressed optimism about its operations.

It was announced in a Tuesday report that the second quarter profit was down 15% to $974 million. Lower sales volumes weakened the second-quarter results.

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Bank Austria embroiled in loss scenario

It has been recently revealed that the net profits at the Bank of Austria from the UniCredit area have fallen by 12%. The reason for the same has been said to be the jump in the loan write-downs as the profound lender from Eastern and central Europe reveal that the boom times are gone.

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Central Bank May Slow Bond Buying; European Stock-Index Futures Fall

It has been said by President Richard Fisher of Federal Reserve Bank of Dallas that the central bank was at the verge of slowing bond buying. Suspecting that the U. S. monetary stimulus measures would rationalize, the stock-index futures of Europe have shown a little change.

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Report by Austrian Court of Auditors Warns of Shortcomings in Tax Regime

The Austrian Court of Auditors (der Rechnungshof - RH) has recently revealed its report in which it has warned over country's group tax regime.

In the report, RH has warned that there was a serious risk of companies abusing Austria's group tax regime. The scope of tax shelter has extends to foreign subsidiaries resident in non treaty partner states.

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