Crisis clouds force Xolar into bankruptcy


An Upper Austrian producer of solar collectors has gone bust, it emerged today (Mon).The Austrian Creditors’ Protection Association (KSV 1870) said Eberstalzell-based Xolar had debts of nearly four million Euros. KSV 1870 added that 74 employees and 100 creditors were affected.Xolar was taken over by Upper Austrian Greiner Group (Greiner Technology & Innovation, GTI) last […]

Prom treasurer squanders €3,500

General News

A young Styrian faces embezzlement charges for spending thousands of Euros of his schoolmates’ savings for their upcoming graduation ball.Colleagues reported the 18-year-old to police after finding out that he spent around 3,500 Euros of money collected by them to finance their upcoming prom (Maturaball).Police in Liezen said today (Weds) 87 students in their final […]