Brain Force coffers drained by restructuring

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Business

IT services provider Brain Force Holding AG (Brain Force) spent more than 1.8 million Euros on restructuring measures in the past business year.The Vienna-based company said today (Tues) it invested 1.82 million Euros on firm-internal restructuring measures in the 2009/2010 business year which ended on 30 September.Brain Force announced that its turnover declined by 22 […]

Post clerk jailed over €100,000 thefts

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General News

A former post distribution centre employee has been sentenced to eight months in jail for stealing cash out of letters for 20 years.The 50-year-old man, who was suspended earlier this year when his wrongdoings were uncovered, was found guilty of taking cash and valuables worth 100,000 Euros from letters and parcels.The defendant claimed in court […]

Pressure to perform strains young Austrians

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General News

Many young Austrians feel a strong pressure in school or at work, a survey has revealed.Pollsters GfK Austria said 40 per cent of Austrians aged between 12 and 24 claimed being confronted with an “immense pressure to perform” in school or at work.Around a third of those polled also said their financial situation causes them […]

Elderly skier hits snow groomer

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General News

A skier is recovering after crashing against a snow groomer.The restaurant manager, 64, was skiing down a hill in the winter sport resort of Heiligenblut, Carinthia, when he failed to notice the vehicle parked on the side of the slope on Thursday evening.Local officials said staff briefly parked the groomer while they checked a fake […]

Forestry worker may have nicked 200 chainsaws and tools

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General News

An Upper Austrian has been accused of having stolen dozens of chainsaws and other objects during the past few months.The 34-year-old forestry worker from Kirchdorf could be behind more than 50 reported thefts of around 200 electric appliances, used chainsaws and various tools in the area, police announced today (Mon).The man allegedly cooperated with a […]

Habsburg antiques theft fugitives run out of money

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General News

A couple suspected of having stolen antiques worth millions of Euros from a Habsburg family-owned estate have been arrested in Morocco.Claudia and Engelbert M. applied for support at the Austrian embassy in the Moroccan capital Rabat after having run out of money at the weekend. The married couple were arrested when officials realised they are […]

Bad weather dampens 2010 harvest

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Business

Difficult weather conditions and a decline of cultivation areas have led to significant harvest declines this year.Federal statistics authority Statistik Austria announced today (Fri) that overall harvest volumes dropped by 6.5 per cent year on year to around 4.5 million tons.Branch representation authority Agrarmarkt Austria (AMA) predicted a year on year decrease of five per […]

Sledging helmet appeal as more and more skiers gear up

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General News

Sledging children should wear helmets, a safety expert has suggested.Michael Höllwarth, president of children’s safety awareness organisation Große schützen Kleine, said today (Fri): “Almost 2,500 children are involved in sledging accidents. Severe head and chest injuries are likely when they collide with solid objects like fence posts and cars after losing control of their sledges.”Höllwarth […]

Booming world economy to boost Europe, says WIFO

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Business

Europe’s economies will strongly benefit from thriving world markets, a leading think tank has claimed.Vienna’s Institute for Economic Research (WIFO) announced today (Fri) that the global economy will have grown by 4.4 per cent year on year in 2010 and by around 4.1 per cent the following year before a 4.6 per cent improvement is […]

Energy prices still soaring

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Business

Higher household servicing expenses have avoided a significant decrease of inflation in Austria last month.State agency Statistik Austria found that a 3.3 per cent rise in energy prices and a 2.7 per cent increase of housing maintenance costs kept the annual inflation rate from declining more significantly than from 2.1 per cent in November 2009 […]