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.
Solid car registration figures reported
The Austrian car dealers business has been stable so far this year with a 0.8 per cent year on year rise in registrations of all sorts of vehicles being reported.
Export / import rates soar
The Austrian trade industry is showing signs of recovery as exports and imports soared year on year in April.
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.