A Russian institute has got one step closer to acquiring the international branch of one of Austria’s biggest banks. Bosses of Volksbank AG (ÖVAG) and Moscow-based Sberbank signed a declaration of intent about a takeover of Volksbank International (VBI) yesterday (Thurs). The teams of negotiators refused to reveal an envisaged takeover price. Business newspapers claim […]
Political opponents and some fellow party members are expected to turn their guns on Social Democratic (SPÖ) chief Werner Faymann once more as the chancellor skipped an arranged meeting with the president of Poland. Faymann was expected to welcome Bronislaw Komorowski for a brief chat at his office in Vienna on Wednesday. However, the meeting […]
Two of the world’s most feared motorcycle crime gangs are on the radar of homicide investigators after an Austrian was cut into pieces in Berlin. A friend of tattooist Raoul Schmidhuber identified the discovered torso of the man due to his significant tattoos. Police divers found the body part in the Spree River a few […]
Germany is challenging Austria’s position as a top investor in Croatia. Figures presented by the Croatian National Bank (HNB) today (Fri) reveal that German companies spent 131.8 million Euros in the country in the first quarter of this year, more than any other country. German firms only spent 90.4 million Euros in the same time […]
Hotels in Vienna have introduced a drastic price reduction, a survey has found. International hotel price comparison platform Trivago (www.trivago.co.uk/hotelprices) found that a standard double room in the Austrian capital currently cost 118 Euros, down from 140 Euros last month. The website’s research reveals that prices for rooms in hotels in Graz, the second-largest Austrian […]
Complaints by consumer protection groups that politicians should do more about “reckless” speculations triggering soaring foodstuff prices are unlikely to recede considering new inflation figures. Statistik Austria announced today (Thurs) Austrians had to fork out 3.3 per cent more on various products and services of daily life last month than in June 2010. It was […]
A leading lemonade manufacturer has revealed plans to expand in Germany and Great Britain. Almdudler announced today (Thurs) it wanted to increase its market share in Germany in the coming years. The firm claimed doubling or tripling its current share in the German supermarket and gastronomy sector was not impossible. Almdudler sold 10 million litres […]
An elderly builder had to be hospitalised following a work accident in Lower Austria yesterday (Mon). The man may have lost his balance before falling off a ladder, officials in Mödling south of Vienna said today. They added that he fell from a height of six metres and landed in an excavation pit. The construction […]
Red Bull Salzburg (RBS) have signed a Spanish defender while denying interest in a striker from the country. The Bulls said today (Tues) they secured the services of Chema Anton. The 22-year-old will join the Austrian vice champions from Betis Sevilla. RBS previously snared Swedish midfielder Rasmus Lindgren from Dutch club Ajax Amsterdam and Finnish […]
Conservatives members of the federal parliament in Vienna (MPs) have been accused of acting “childish” after blocking a bid to change the lyrics of the national anthem. Maria Rauch-Kallat of the People’s Party (ÖVP) aimed to present a draft bill in her final speech as MP on Friday evening. She was scheduled to speak at […]