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Thursday, 29. July 2010 - 23:07

Breaking News:

Snake on the loose found at keeper's kitchen An escaped Boa constrictor keeping policeman busy for five days has been found behind the owner’s oven.
Erste Bank CEO wants tax on assets The head of Austria’s second-biggest bank has caused a stir by calling for the introduction of a tax on assets.
Thief makes €6,000 emptying church cash boxes A Vorarlberg man has admitted stealing thousands of Euros in coins from offertory boxes at churches in the province.
AUA reduces its losses Austrian Airlines (AUA) bosses have said they will continue to carry out the ongoing cost-cutting regime as the firm suffered losses of 67 million Euros in the first half of this year.
Demi and Ashton 'to come to Austria' Demi Moore and Asthon Kutcher will come to Austria to attend a charity gala for their anti-child slavery foundation, it has been reported.
Austrian among Islamabad plane crash dead An Austrian businessman is among those killed in a plane crash in Pakistan earlier today (Weds).
Weed-killing farmer zapped by 25 KV line A Tyrolean farmer died instantly when his tractor touched a high-power line today (Weds).
Sat-nav operation leads to stolen cars Two Austrians have been reunited with their Mercedes limousines after experts located the stolen cars in the Czech Republic.
Hiker passes out after cramp A 55-year-old hiker is recovering in an Upper Austrian clinic after she suffered a cramp and passed out yesterday (Tues).
Austrian comeback at 2011 Song Contest Austria will compete in the 2011 Eurovision Song Contest (ESC) after a three-year hiatus, it has emerged.
Worst holiday traffic weekend lies ahead Experts have warned of the "worst traffic weekend this summer".
iPhone 4 to hit Austria Apple’s iPhone 4 will go on sale in Austria later this week, it has emerged.

05. 03. 10. - 15:00

ÖBB's MAV Cargo changes name

Austrian Federal Railway (ÖBB) subsidiary MAV Cargo is changing its name to Rail Cargo Hungaria, it was announced yesterday (Thurs).

ÖBB’s freight division Rail Cargo Austria (RCA) acquired MAV Cargo in 2008.

RCA chief Friedrich Macher said: "Rail Cargo Hungaria will play an important role in combined traffic in southeastern European countries and strengthen RCA in the Danube corridor."

The contract in Hungary that privatised MAV Cargo provides for retention of its name until the end of 2010, and its privatisation has become an issue in the Hungarian general election campaign leading up to the election in April.

Much of the criticism of the privatisation in Hungary is focusing on a consulting contract worth millions that ÖBB signed with a Budapest lobbying firm.

RCA paid 385 million Euros for MAV Cargo, which consulting firm A.T.Kearney says might have been too much.

Rail-Cargo Hungaria chief Imre Kovacs said: "Our structure and competitiveness are much better than they were before privatisation."

ÖBB's MAV Cargo changes name

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