Salzburg deputy resigns after 3bn rogue trader loss Salzburg's deputy governor and the man in charge of the province's finances has announced he plans to resign next month after an alleged rogue trader gambled away billions on risky financial market ventures.
Business, page 95
Kaufmann stays on board at VIA
Herbert Kaufmann will remain the spokesman for Vienna International Airport (VIA) after rumour has had it for weeks that he would leave.
BackWerk to expand in Austria
German discount bakery BackWerk has revealed plans to open up to ten new branches in Austria by the end of this year.
More foreign holidays planned this year
More Austrians are planning on holidays abroad this year after 2009 saw a drop in numbers, according to a study by public opinion research agency Karmasin.
Siemens Austria to lay off 500 to 600
Siemens Austria said today (Fri) it would lay off 500 to 600 of 2,000 workers in software division SIS (IT solutions and services) in the near future.
Verbund could lose interest in French Poweo
Austrian energy provider Verbund’s 46 per cent interest in French electricity provider Poweo may become less valuable if the firm makes good on its threat to stop providing service to end customers.
Austrian firms line up for Bulgarian assignments
More than 20 Austrian companies have expressed interest in participating in the construction of the Bulgarian road and railroad infrastructure, according to reports by local media from today (Fri).
Seasonal workers number cut
There will be 3.5 per cent fewer foreign seasonal workers in agriculture and forestry this year than in 2009, Social Democratic (SPÖ) Labour Minister Rudolf Hundstorfer said today (Thurs).
Future bright as Orange doubles net profit
Austria’s third largest mobile services provider France-Telecom subsidiary Orange reported today (Weds) a net profit of 35.7 million Euros in 2009, twice as much as in 2008.
Bad Radkersburg spa to expand
The "Parktherme" spa park in Bad Radkersburg, Styria, will be renovated and expanded beginning this autumn, Mayor Peter Merlini announced yesterday (Tues).
Zumtobel reports worse results
Vorarlberg lighting firm Zumtobel has reported worse results for the first three quarters of its 2009/2010 business year (1 May to 30 April).
Strabag gets €58mn Belgrade bridge deal
Austrian construction company Strabag SE has signed a 58 million Euro contract with Serbian state owned company Putevi Srbije (Roads of Serbia) to reconstruct a bridge over the Danube river in the capital Belgrade.