A Carinthian farmer shot himself dead instead of starting a 200-day prison term, it has emerged.The Oberlienz resident left his farm on foot yesterday (Tues) shortly before a special Cobra police unit surrounded the estate to pick him up after he failed to turn up at Villach prison.He was due to spend 200 days behind […]
Tag: business
Outgoing Magna co-chief Siegfried Wolf has rubbished claims that his departure will have a negative effect on the car parts makers factory in Austria.Russian billionaire Oleg Deripaska said earlier this month Wolf was set to head the automotive division of his company Russian Machines.The announcement came just weeks after Frank Stronach accepted a multi-million payout […]
Another prominent businessman has had his appeal to be freed with an electronic ankle tag rejected.Former BAWAG bank CEO Helmut Elsners lawyers hoped to get their client out from preventive detention in Vienna following a new law which came into effect at the beginning of this month. They previously filed 15 official appeals to let […]
Wolford turnover soars
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Vorarlberg textiles firm Wolford has said it expects turnover to climb further this business year as good first quarter figures were presented today (Fri).The Bregenz-based company announced its operative losses fell from 3.307 million Euros to 2.466 million Euros year on year in the first three months of the current 2010/2011 business year. Its turnover […]
Greek still keen on HGAA
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A Greek businessman is offering more than one billion Euros for ailing Hypo Group Alpe Adria (HGAA), it has emerged.Gernot Pointner, a spokesman for Vasileios Xeniadis, announced today (Fri) the investor was ready to cough up 1.35 billion Euros “immediately” if the Austrian government met him for talks.HGAA had to be nationalised last year following […]
Sanader sets up firm in Innsbruck
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Former Croatian Democratic Union (HDZ) Prime Minister Ivo Sanader has founded a company in Austria, it has emerged.The controversial ex-politician who surprisingly stepped down as prime minister last year holds a 95 per cent stake in Prima Consulting GmbH, according to Tyrolean newspapers.Reports have it that Sanader teamed up with Austrian businessman Wolfgang […]
“Resident Evil: Afterlife” director Paul W. S. Anderson has claimed that 3D technology will substantially change the movie business.Anderson, who also directed the first film adaptation of the series based on the popular PC game in 2002, told the Salzburger Nachrichten newspaper today (Thurs): “I have had my doubts about 3D technology films for a […]
Bulgarian police have arrested four people suspected of planning to abduct an Austrian entrepreneur.Bulgarian Interior Minister Tsvetan Tsvetanov of the Citizens for European Development of Bulgaria (GERB) party announced today (Fri) the gang neutralised by a special police force in federal capital Sofia consisted of three men and one woman.The minister added that […]
One in five companies are affected by business felonies, according to an internationally-linked detectives body.Karl Stephan Novak of the European Detectives Association (EURODET) said today (Fri) around 20 per cent of companies with more than 250 employees have become victims of business crimes.Novak who stressed that the dark figure was expected to be significantly […]
Police in Austria and Serbia revealed plans to join forces in investigating alleged money-laundering activities by Serbian crooks and former Hypo Group Alpe Adria (HGAA) officials.Austrian media claimed last week ex-HGAA decision-makers cooperated with an infamous Serbian drug lord for years.Reports had it that “Balkan cocaine king” Darko Saric laundered around 100 million Euros between […]