An Austrian company is part of a group that has taken on the task of constructing and running part of an Irish motorway. Strabag SE, a technology company that provides construction services, is part of the DirectRoute consortium who won the contract for the construction job, they announced on Monday. The Vienna-based company has a […]
Baumax founder Karlheinz Essl who hit the headlines earlier this year after he offered to sell his large art collection to Austria to help raise capital for his business, has stepped down as the chair of the company’s Supervisory Board. He has replaced himself with his son Martin Essl, who has been CEO of the […]
Wiener Linien is adding it’s first hybrid buses to its public transport operation in the next fortnight, in addition to the twelve electric buses introduced into the city centre. The move is part of a bid to modernise their fleet of buses around the city and make Vienna transport cleaner and more environmentally friendly. The […]
The regional airline Air Alps is to be liquidated. In November flights between Bolzano and Rome were cancelled. Since then they have been trying to attract an investor but this has not been possible the airline announced today. The Austria South Tyrol regional airline is head quartered in Innsbruck, Austria. Over the past months there […]
By Rob Hyde Bankrupt cosmetic store chain, dayli, has just 2 weeks to secure an investor, or all 2,200 jobs will be lost. Assets administrator Rudolf Mitterlehner has already registered all remaining dayli workers as provisionally laid off with the Austrian job centre (AMS), in case an investor to bail out the company cannot be […]
By Rob Hyde A gravestone company in Upper Austria tried to sell a man a grave for his wife who is still alive. Franz Lengauer, 73, was shocked to received a prospectus addressed to the family of “the deceased Mrs Maria Lengauer” when she was sitting right next to him at their house in Mauthausen. […]
By Rob Hyde Although Grasser claims he received 500,000 Euros in cash from his mother-in-law in Switzerland, he had flown with AUA to the Far East at the time, says FORMAT magazine. Its article says former finance minister Karl-Heinz Grasser was in Nepal and Peking in the same period he says he was in Switzerland. […]
The owners of the popular sweet manufacturers Schwedenbomben recently rescued from insolvency after it was sold to Heidi Chocolat S.A. are planning to invest heavily to allow for expansion into new markets. The new owners say that the expansion plans mean that they are hoping to increase production by 70% and that means that even […]
It is thought talks are currently taking place between “dayli” owner Rudolf Haberleitner and a polish cosmetic manufacturer on possible investment to save the future of the Schlecker-successor. Rudolf Haberleitner said the time was ticking and that he would have to start administration proceedings if an investor did not show up this week. There will […]
The Romanian Meinl subsidiary Heidi Chocolat will take over the insolvent Viennese Schwedenbomben manufacturer Niemetz. The money is said to have already been transferred to the liquidators. Roman Tahbaz of the 1980 credit reference agency (KSV) said that the purchase and the authorisations were now legally valid. Heidi Chocolat paid 5.25 million Euros for the […]