Former Hypo Group Alpe Adria (HGAA) chief Wolfgang Kulterer is considering asking for compensation over his three-month custody.The bankers lawyer Ferdinand Lanker said today (Mon) he may ask for financial compensation for his client since he doubted the righteousness of his custody.Kulterer was arrested and put in custody in Klagenfurt in August before being released […]
Former Hypo Group Alpe Adria (HGAA) head Wolfgang Kulterer has been released from custody after three months.The banker, who is accused of being responsible for massive losses suffered by the bank in Croatia and other countries in southern Europe, left Klagenfurt prison yesterday (Thurs) after a bail of 500,000 Euros was transferred to juridical authorities.Kulterers […]
Engine producer Pankl Racing Systems AG has announced a slight drop in turnover.The company, which is based in the Styrian town of Bruck an der Mur, said today (Thurs) its turnover shrank by 1.35 million Euros year on year to 87.55 million Euros in the 2009/2010 business year which ended in September.The firms earnings before […]
Carinthian machine and packaging manufacturer Hirsch Servo AG managed to reduce its losses in the past business year.The company said today (Fri) it suffered net losses of 6.2 million Euros in the 2009/2010 business year, down by 4.5 million Euros year on year.Hirsch Servo, which managed to keep its turnover stable at around 86 million […]
A Viennese entrepreneur has revealed plans to launch legal action over the Austrian Sunday shopping ban.Richard Lugner, whose Lugner City shopping centre opened in 1990, said today (Tues) he had assigned a lawyer to file a complaint to the Federal Constitutional Court (VfGH) about current regulations.Federal law disallows shops of all kind to do business […]
Swarovski Kristallwelten (Crystal Worlds) boss Andreas Braun has attacked lawmakers for failing to allow the crystal shop in Vienna to open on Sundays.The manager said today that (Weds) “pseudo arguments” have been used to fight the 1,200 square-metre Swarovski store in Kärntner Street from doing business seven days a week.”Some fed-up, envious locals have been […]
A majority of Austrians active on internet community portals do not keep their private and professional lives separate, according to new research.Career website Monster found 55 per cent of Austrians registered on Facebook and similar platforms use the services to connect both with personal friends and business partners.Monster stressed more than six in ten Germans […]
The sport shop association Sport 2000 is back in the black, it has emerged.The company a cooperation of 272 businessmen running 242 stores said today (Mon) its earnings in the 2009/2010 business year, which ended on 30 April, were 1.006 million Euros.Sport 2000, whose headquarters are in the Upper Austrian town of Ohlsdorf, […]
Around 150 Austrian companies are currently doing business in Turkey, according to the Austrian Trade Commissioner in Istanbul.Marco Garcia said today (Fri) major companies like oil and gas firm OMV, Bank Austria (BA) and electricity provider Verbund have been active in the country.He added Austria was currently the eighth biggest investor in Turkey which, according […]
Mail order company Neckermann Versand Österreich AG suffered losses of more than eight million Euros last year, according to reports from today (Weds).Viennese newspaper Der Standard claims the firm a subsidiary of German mail order giant Neckermann also suffered a four million Euro year on year decline in turnover to 84 million Euros […]