MP accuses Austrian government of Madoff cover up An Austrian MP has filed a series of Parliamentary questions to make public allegations that senior banking officials and others in the Alpine Republic had actively worked with Bernie Madoff to create his global Pyramid scheme.
Rewe announces full AÖG takeover
Rewe International AG is to take over Austrian supermarket chain Adeg Österreich Genossenschaft (AÖG) giving it 100 per cent ownership, the company announced today (Weds).
Strabag expects road order to be cancelled
Strabag SE, Austria’s biggest builder, expects a 3 billion-euro highway project in Bosnia-Herzegovina to be cancelled in the next three weeks because of an administrative blunder, according to company spokeswoman Diana Klein.
Unemployment rate declines
Social Democratic (SPÖ) Labour Minister Rudolf Hundstorfer reported signs of recovery from the job front today (Thurs).
Massive rise in online holiday bookings
Austrian travel agencies are poised to strengthen their focus on the internet as new research reveals the number of online holiday bookings soared dramatically cent over the past three years.
Nemšić on 'brutal' Russian business life
Former Telekom Austria (TA) boss Boris Nemšić branded Russian business life "very tough and brutal" as he resigned as CEO of mobile communications giant VimpelCom.