A special supervisory committee held another meeting about the swap business in Linz, which has made high losses. They discussed a guide for the next meetings. The committee will continue to meet for the foreseeable future. In 2007, the city of Linz concluded a form of a rate-interest bet in order to secure an expiring […]
The 74 million Euro surplus in Salzburg’s finances presented by state finance chef David Brenner last week has raised doubt amongst experts and party leaders. The main critic from experts is that no one knows how much was paid for the paperwork or just how much Salzburg will be able to step out of the […]
A top Olympic official who funded a champagne lifestyle by using the organisations cash as if it was his own has been jailed. Heinz Jungwirth, former long standing Secretary General of the Austrian Olympic Committee (ÖOC), has been sentenced to five years in prison for embezzlement and ordered to pay a fine of 1.5 million […]
Austrian swimmer Sebastian Stoss has qualified for the Olympic games to be held in London this summer. The 26-year-old swimmer from Vienna currently swims for the Eisenstadt Swimming Club. The backstroke specialist had originally not reached the internationally necessary qualification time, but as the Austrian team was not able to fill its start places with […]
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman. AUA announced yesterday (Tues) that reservations and passenger numbers were on the rise despite the continuing dispute with pilots and cabin crew. The works council is fighting the planned salary cut of 25 per cent. […]
Concerns have been voiced in Kreisbach bei Wilhelmsburg about a planned animal graveyard at Castle Kreisbach. The man in charge of establishing the graveyard wants to give animals a proper burial as a service to pet lovers, but locals believe that the graveyard might be too unsettling for tourists heading to the castle. But officials […]
Austrian Airlines (AUA) chiefs and works committee officials are fighting for a consensual solution regarding the planned austerity measures. Lufthansa, which owns AUA since 2009, wants the Viennese aviation company to achieve savings of 220 million Euros this year following last year’s losses of almost 60 million Euros. The AUA supervisory board decided last week […]
Former Alliance for the Future of Austria (BZÖ) Vice Chancellor Hubert Gorbach attended several hunting trips of a weapon industry and telecommunication technology lobbyist, according to leaked documents. Magazine News reports today (Thurs) that Gorbach took part in the hunting outings organised by Alfons Mensdorff-Pouilly. The lobbyist is married to ex-People’s Party (ÖVP) General Secretary […]
A Green Party member’s decision to confront the government with an ultimatum did not remain without reactions. Peter Pilz said at the weekend it was time to increase the pressure on the Social Democrats (SPÖ) and the People’s Party (ÖVP) for stricter anti-corruption regulations and an effective party funding regulative. The parliament member (MP) told […]
The Austrian government plans to ask high-profile businessmen to join an advisory committee after a leading banker called politicians “stupid and coward.” Erste Group Bank AG (Erste Bank) boss Andreas Treichl’s attack kicked off an intense debate about the relationship of politicians and entrepreneurs last month. The banker – who nearly became federal finance minister […]