Higher inflation is compounding the plight of savers and the European Central Bank should respond by raising its interest rates from 0%, Bavaria's finance minister, Albert Fueracker, told daily Bild in comments published on Wednesday.
BERLIN Germany’s annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to but below 2%, the…
Austria s winter tourism industry records near-total loss
Fri, May 28 2021 03:15:00 PM
Vienna, May 28 (IANS): Austria s winter tourism industry, a vital source of income for the alpine nation, recorded a near-total loss last season due to the coronavirus pandemic, official figures revealed on Friday.
Austria s Federal Statistics Office announced that overnight stays between November 2020 and April 2021 were down almost 91 per cent, to 5.57 million, compared to the previous season, dpa news agency reported.
Most tourist accommodations had been closed during this time in light of high infection rates.
However, the number of bookings has started to increase again, with the agency registering 1 million overnight stays in April, four times more than in the same month last year.