Press Review

I have just read an article at Austrian Times and it talks about the Inflation in May.

Austria reported today (Tues) that prices in May were 0.3 per cent higher than in April.

Futhermore the state statistics agency says that the May increase would have been 1.8 per cent if the prices of fuel and heating oil had not fallen by so much during the past year.

Experts says that the oil increases and that would be bad for the future Inflation.

The Austrian index for pensioners (PIPH) rose 0.7 per cent in May.

My opinion......

I think this is the beginning of the problems we will have in future. There should be a plan against this finacial crisis or otherwise there will be one factory after another which will have to close down of there financial meltdown.

Press Review

I have just read an article on Austrian Times and it talks about the Austrian banks which have raised their market share in neighbouring Slovenia.

Basically what it says is that The Slovene central bank Banka Slovenije reported today (Tues) that Bank Austria’s subsidiary UniCredit Slovenija had increased its market share last year from five per cent in 2007 to 6.1 per cent - the largest market share of any Austrian bank.

Futhermore the market share of Carinthian Zveza Bank remained unchanged at 0.1 per cent but Raiffeisen Bank saw its market share fall 0.2 of a percentage points to 2.8 per cent.

My opinion....

I think it´s very important that our banks raised their market in this bad financial crisis in which we are today. It could be the beginning of a new reboot of our economy.

Press Review

We have just read an article on http://www.austriantimes.at/index.php?id=13617 about Red Bull which sales a soft drink with traces of cocaine in it.

Basically what it says it that the sale of Red Bull Cola improved.

Futhermore the Austrian Health Service said that there was no danger of being addicted besause there wasn´t enough in the drink. In five German provinces it is forbidden to sale Red Bull Cole.


My opinion....

I think there is no danger of being addicted because I believe the Austrian Health Service. I don´t drink Red Bull and so it doesn´t matter to me.