A German politician for the newly-formed Pirate party is earning his money through a 49 per cent share in a brothel in upper Austria. Tobias Wandinger, 30, was elected to the Feldmoching-Hasenbergl District Council in Bavaria in Germany recently. But it has now emerged that the newly elected politician is also earning his money from […]
Tag: business
Baumax opens 15th store in Romania
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Building and DIY chain bauMax have opened a new superstore in Cluj (Klausenburg) in Rumania. Working together with Raiffeisen-Leasing the new location was built and opened the business after just a year of building time. The new store offers 15,000 m² and is the 15th store that the company has in Rumania including one that […]
Investor grabs Vienna Intercontinental
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One of Vienna’s most prestigious hotels has a new owner. Austrian businessman Michael Tojner forked out 50 million Euros to snatch up the Vienna Intercontinental, business newspapers disclosed today (Fri). The deal will be finalised in May, according to Die Presse which reports that Tojner – a Vienna-based investor – has not yet decided about […]
Ditz optimistic about sales
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Hypo Group Alpe Adria (HGAA) supervisory board head Johannes Ditz has said he is confident that the bank will manage to sell two affiliates. The former Austrian People’s Party (ÖVP) economy minister said today (Thurs) HGAA managed to “get rid of all possible risk factors” which could endanger a sale of its Austrian and Italian […]
Red Bull sales soar
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Red Bull managed to sell more than 4.6 billion cans of its trademark drink last year, it was announced yesterday (Weds). The company – which has its headquarters in Fuschl near Salzburg – said 4.63 billion cans of its energy drink were purchased across the world in 2011, 11.4 per cent more than in the […]
Job fears as Schlecker goes bust
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Around 3,000 people may lose their jobs in Austria as a leading drugstore chain declared itself bankrupt. It was reported last Friday that discounter Schlecker may be forced to stop operating due to declining turnover. The German company announced yesterday (Mon) it opted for starting controlled insolvency procedures in a bid to stay in business. […]
Lugner argues Sunday shopping campaign
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Richard Lugner has revealed details about his Sunday shopping initiative. The businessman – who owns and manages Vienna’s Lugner City shopping centre – recently said he contacted Social Democratic (SPÖ) Mayor Michael Häupl to find out whether the city of Vienna might issue an extraordinary regulation enabling him to open on the seventh day of […]
Ritz Vienna at the ready
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Vienna will get a Ritz next year, it was confirmed yesterday (Tues). A group of Kazakh investors signed contracts with Austrian real estate company Bauträger Austria Immobilien GmbH (BAI) in Vienna. The business partners said afterwards that a new hotel of the famous brand would open in the city in the second quarter of 2012. […]
Volksbank AG (ÖVAG) plans to dismiss one in five employees in a desperate attempt to avoid going bust. The loss-making bank, which received an emergency injection of one billion Euros from the state three years ago, said yesterday (Thurs) around 250 employees would lose their jobs in the coming months. This figure means that 20 […]
Gerry Weber grabs broke rival
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A German fashion firm has taken over bankrupt clothing business Don Gil. It was confirmed yesterday (Weds) that Gerry Weber snatched up Don Gil for around six million Euros. The Austrian company – run by an Italian enterprise – opted for a controlled bankruptcy procedure last month due to its debts of 28 million Euros. […]