Upper Austrian motorcycle and off-road vehicle maker KTM Power Sports AG is racing all the way on the road to recovery as earnings soared in the first half of its 2009/2010 business year.Officials at the Mattighofen-based firm said today (Thurs) earnings before interest and taxes (Ebit) climbed to 6.3 million Euros after losses of nine […]
The number of car theft dropped dramatically in the first quarter of this year, new figures have shown.Crime investigation official Rainer Erhart said yesterday (Tues) 939 cars had been stolen across the country during the first three months of 2010. He stressed this was a 53 per cent decline to the same period of the […]
Peoples Party (ÖVP) Foreign Minister Michael Spindelegger had a narrow escape as two tyres of a plane he was on burst during the start procedure.A spokesman for the ministry said today (Weds) neither Spindelegger nor any of his team were injured in the incident which occurred at the an airport in Czech capital Prague Airport […]
Hundreds of Austrians took part in a survey which revealed that almost one in three could imagine spending their holidays in Romania.THR marketing director Jorn Gieschen said yesterday (Tues) research has shown that most tourists visited the Eastern European country for its nature.Another result of the study in which 10,800 people from Austria, Germany, […]
Year on year temperature increases of up to four degrees centigrade have been discovered at an Austrian national park.Upper Austrian Peoples Party (ÖVP) Governor Josef Pühringer and nature protection councillor Manfred Haimbuchner of the Freedom Party (FPÖ) said today (Weds) average temperature had risen at most checkpoints at the Kalkalpen national park by 2.1 degrees […]
Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company which belongs to Austrian bank group Erste announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]
The overwhelming majority of business crimes are carried out by firms own employees, it has been disclosed.KPMG Forensic-Team Senior Manager Dieter Stangl-Krieder said at a business event in Vienna last night (Tues) research has shown that own staff was responsible for almost 90 per cent of felonies like accounting fraud, embezzlement and money laundering at […]
Viennas University of Economics and Business (WU) remains shut due to technical problems after a blaze broke out at its transformer room last Monday.WU bosses had planned to reopen the institution for lectures today (Weds), but technicians failed to restore its energy supply last night.Officials said the fire caused only minor damage, adding that all […]
A sculpture of a bearded Mona Lisa crafted by an Indian artist praised as “Asias Damien Hirst” has gone on display in Vienna.Subodh Gupta said yesterday (Tues) he wanted to communicate with late French-American artist Marcel Duchamp with his work “Et tu, Duchamp?”.Duchamp controversially reproduced Leonardo da Vincis most famous painting with a moustache and […]
Chechen president Ramzan Kadyrov is accused of having masterminded the foiled abduction of a refugee who was killed in Vienna last year, according to a leaked secret service report.A top secret document of Austrias federal office for constitutional protection and the fight against terrorism (LVT) that fell into the hands of a journalist at Viennese […]