The government has failed to reach an agreement with the coalition concerning a reform of Austria’s party subsidisation system. Representatives of the government coalition of Social Democrats (SPÖ) and the conservative People’s Party (ÖVP) held talks with Green Party members, Freedom Party (FPÖ) officials and members of the Alliance for the Future of Austria (BZÖ) […]
Tag: chief
ÖVP plans drastic spending cuts
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People’s Party (ÖVP) chief Michael Spindelegger has pointed out that his party wants to restore the country’s public budget without tax increases. The foreign minister, who took over when Josef Pröll resigned as ÖVP chief in April 2011, said yesterday (Thurs) his faction found that the state debt could be lowered significantly by austerity measures. […]
A woman went on a rampage through a hospital in Linz, Austria, yesterday (Tues) with a 15 centimetre knife. Police were immediately called to the scene and prevented any bloodshed. At around 12.15pm police were notified of the woman’s attack. “The woman suddenly jumped out, revealed a knife threatened everyone in the waiting room with […]
Fekter wants Greek reform pledge
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Maria Fekter has revealed that the Eurozone’s finance ministers consider asking Greece to guarantee reforms “in writing”. The Austrian People’s Party (ÖVP) finance minister said yesterday (Mon) that she and the finance ministers of the other Eurozone members planned to call on the debt-stricken country’s politicians to present a written statement promising to carry out […]
Top investor Austria criticises Croatia
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Businessmen have slammed the economic circumstances in Croatia as Austria aims to remain the busiest investor in the Southeast European state.Burgenland Economy Chamber chief Peter Nemeth said today (Thurs) Croatias political system “hasnt arrived in the present yet” due to bureaucratic barriers for entrepreneurs interested in investing in the country. He added that he considered […]
Austrias middle class will impoverish if the countrys leaders fail to make any progress in reforming its bureaucratic, healthcare and pensions system, an opposition party chief has claimed.Josef Bucher, who heads the right-wing Alliance for the Future of Austria (BZÖ), told the Die Presse newspaper today (Fri): “If we keep carrying on this way, it […]
Raidl raises profit distribution issue
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Austrian National Bank (OeNB) President Claus Raidl has called on company bosses in Austria to increase the income of staff.The former Böhler-Uddeholm AG (BUAG) chief said today (Thurs) it was “not acceptable” that real wages were not rising this year despite the strongest economic growth since the crisis of 2008. Raidl suggested enterprises should pay […]
UNIQA eyes expansion after 2010 profits
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Insurance company UNIQA Versicherungen AG (UNIQA) said its 2010 performance could have been better than expected.The firm said today (Fri) that some weeks ago it expected profits of around 120 to 135 million Euros, while analysts predicted profits of 142 million Euros. Now the Vienna-based insurer has explained that it may have achieved a pre-tax […]
OMV 2010 earnings beyond 2bn, says CEO
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OMV will earn more than two billion Euros this year, according to firm chief Wolfgang Ruttenstorfer.Asked whether the oil and gas companys earnings before interest and taxes (Ebit) will take the two-billion-Euro hurdle this year, Ruttenstorfer said today (Thurs) that there was “no doubt” about it. The internationally operating firms Ebit in the first three […]
A group of leading businessman has publicly backed OMV boss Wolfgang Ruttenstorfer who faces legal action for alleged insider trading.The entrepreneur, who has headed the oil and gas company since 2002, will be in court in January after the state prosecution decided to press insider dealing charges.Ruttenstorfer acquired OMV stakes worth 632,000 Euros in March […]