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ÖVP head pounces on PPÖ People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has branded the Pirate Party (PPÖ) as a "group of clowns".
Sickness surge causes AUA cancellations Passengers are finally feeling the full impact of the emerging labour conflict at Austrian Airlines (AUA).
Transparency package 'doomed to fail' Herbert Bösch has harshly criticised the government over a lack of transparency regarding party finances.
ORF headquarters feud continues The ORF Stiftungsrat is sceptical regarding the chance of reaching an agreement about the future location of the broadcaster.
Economy not at risk, says Felderer Economic expert Bernhard Felderer has dismissed concerns that the latest budget package could seriously harm the Austrian economy.
RBS beat Kapfenberg Kapfenberg will be relegated at the end of this season.
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Q1 car boom succeeded by April austerity Austrian car dealers sustained a slight setback last month as the number of car sales fell.
AUA shrugs off flight chaos concerns Austrian Airlines (AUA) is determined to cover possible staff shortages.
Turmöl sales soar Austria’s main discount petrol station network earned more in the first three months of this year thanks to the current developments on the energy products sector.
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Bonuses must mean tax cuts, says ÖVP boss The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees.

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27. 05. 10. - 14:00

BCR boss demands more effort in fighting black market

Banca Comerciala Romana (BCR) CEO Dominic Bruynseels has appealed to Romanian leaders to increase their efforts to fight black market activities.

The former Barclays Bank official said yesterday (Weds) the mortgage sector was "still at risk" due to the current situation in the Eastern European country which has been badly hit by the economic crisis. He also said that efforts to collect taxes must be strengthened.

The British-born BCR chief suggested there should be a "more powerful partnership" between the state and its banks, according to a report by the Romanian Times.

Austria’s Erste Group hold a majority in BRC, which is the leading bank in Romania with 665 branches.

BCR officials announced recently the bank had suffered a 26.4 per cent decline in net profit in the first quarter of this year compared to the first three months of 2009.

Operating results however increased by 13.7 per cent up to 184.4 million Euros in the same period.

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