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.
Strabag to team up with cement top dog
Strabag boss Hans Peter Haselsteiner said today (Weds) his company wanted to protect itself from volatile cement market prices as the firm is set to cooperate with the cement production’s world market leader.
Austrian economy 'in good position' as OECD predicts growth
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner claimed Austria was "positioned to achieve sustainable growth" as the Organisation for Economic Co-operation and Development (OECD) predicted a bright future was ahead for the country’s economy.
Post AG receive red figures delivery
Post AG bosses said increasing competition by private mail delivery firms and the internet as the main rival for sending a letter led to a decline in earnings in the first quarter of this year.
VIG turnover up over new tax fears
Vienna Insurance Group (VIG) almost managed to match analysts’ expectation as the company presented business figures for the first quarter of this year today (Thurs).
Strabag wants to buy back shares
Austria’s biggest construction firm Strabag will buy back some of its shares if shareholders approve the move at their annual meeting on 18 June.
Managers’ incomes take a hit
Managers’ incomes took a significant hit during recession year 2009, according to the results of a new poll by Triconsult for Executives Business Forum (WdF) released today (Tues).