Eisenstadt Wine and Culinary Festival Begins today

Categories
Culture

The ‘Wein- und Genusstage 2013’ begins in the Austrian city of Eisenstadt today (Wednesday). The food and wine specialities festival which takes place in the pedestrian zone in the Burgenland capital offers local and international companies the chance to present their culinary delights. This year there are 47 companies taking part. This year for the […]

Austrian Robin Hood ready for jail over bank loan row

Categories
Finance

In an ongoing battle with the Austrian Financial Market Authority (FMA) over crowdfunding the shoe entrepeneur Heini Staudinger has said that he will not back down and he is prepared to go to prison. Staudinger believes that businesses should be independent from bank loans and freed from debt. Since 1999 he has been able to […]

Conman operated for 24 years

Categories
General News

Austrian police have arrested a conman from Wels in upper Austria who allegedly travelled the country for 24 years defrauding people and businesses as he went. Police were alerted to the man’s activities after an acquaintance of his complained that they had lent him €7000 in a written contract – and that he was refusing […]

Leitl denies ‘bullying businesses’ claim

Categories
Business

The president of the Austrian Economy Chamber (WKO) has rejected accusations that companies are bullying elderly employees. Conservative Pensioners’ Union chief Andreas Khol claimed that many of the people who retired before having reached the regular pension age might have been “bullied” by their employers. Khol said he agreed with Karl Blecha, who heads the […]

Hilton fraudster in court

Categories
General News

A 43-year-old man is in court for defrauding media enterprises by promising them to get Paris Hilton to attend events. Judges in Vienna heard yesterday (Tues) how the defendant received 80,000 Euros from an internet radio station after claiming he had the exclusive rights to organise the US American it-girl’s European activities. The broadcaster took […]

Austrians have high payment morale, KSV says

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Business

Private businesses have higher payment morale than public institutions, research has shown. KSV 1870 (KSV), a federal association for the protection of creditors, said yesterday (Thurs) debtors in Austria paid up after an average 30 days. The organisation – which investigated payment statistics in June – explained it took 38 days until public institutions like […]

Palfinger eyes up Chinese takeovers over soaring profit

Categories
Business

Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]

Strabag boss rules out further Swiss takeovers

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Business

The head of Austrian construction sector top dog Strabag SE has rejected claims it was aiming for more acquisitions in Switzerland. Hans Peter Haselsteiner said today (Thurs) his company would not launch another attempt to take over Implenia. Strabag – Austria’s biggest building company – previously tried to grab a majority share in the firm. […]

Firms urged to ´Take Hay while the sun shines´

Categories
Finance

Austria and Germany are enjoying an economic upturn – bouncing back following the crash in 2008 and recession of 2009.But despite the current positive economic news, companies are being warned of troubled times ahead, and the need to use the current positive situation as a chance to prepare for troubled times ahead.This was the message […]

AUA put off by on-board food poll

Categories
Business

Austrian Airlines (AUA) has suffered a devastating defeat in a global check on carriers’ culinary offerings.The former federal flagship airline came just 24th out of 30 aviation companies in the test carried out by users of website Airlinemeals. Korean Air tops the chart with 7.9 out of a maximum 10 points ahead of Emirates (7.6) […]