The Vienna criminal court has said it will not repay 100 million Euros paid out in bail last year for Julius Meinl V.The British businessman was freed after one and a half days in custody in Vienna after legal officials received the record 100-million-Euro bailout.Herbert Eichenseder, a member of the entrepreneurs team of legal advisors, […]
A 37-year-old Hungarian has been arrested after police found 500 packets of cigarettes worth 40,000 Euros stashed in his car last night (Tues).A spokesman for Austrian motorway police forces said today (Weds) the man who didnt have a valid driving licence was stopped on the A1 western motorway near the Eberstalzell exit in Upper Austria.This […]
Austrian Peoples Party (ÖVP) Foreign Minister Michael Spindelegger has called for an end to “EU enlargement fatigue”.”The economic crisis should not be an excuse for enlargement fatigue,” he said today (Weds), adding that closer relations between states in the western Balkans and the European Union were in “Austrias own interest.”He called on the European Union […]
Bernhard Felderer, who heads the Vienna economic think tank the Institute of Higher Studies (IHS), has said that last nights Euro-zone stability package was “a reasonable solution” that had already begun to stem speculation against the Euro.Speaking today (Mon) Felderer said: “They (finance ministers) did not have many other options,” adding that “it is not […]
Austrias economy will recover in the second quarter of this year, a leading think tank has predicted today (Thurs).Vienna-based Institute for Economic Research (WIFO) said the countrys industrial branchs engagement will soar by three per cent to 79 per cent compared to the first three months of 2010.WIFO said engagement will continue to increase. “The […]
Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company which belongs to Austrian bank group Erste announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]
An Austrian Member of the European Parliament (MEP) has been accused by a rival of making the so-called Nazi salute.Freedom Party (FPÖ) MEP Andreas Mölzer said today (Tues) independent MEP Hans-Peter Martin clicked his heels in front of his colleague Franz Obermayr in a hallway of the European Parliament (EP) in Strasbourg, France, before making […]
Austrian National Bank (OeNB) Governor Ewald Nowotny said the rescue plan agreement “defused” the situation of cash-strapped Greece.Nowotny met with Austrian President Heinz Fischer today (Tues) to inform him about recent developments on the Austrian and European financial market.The OeNB boss said afterwards, referring to the rescue plan European Union (EU) leaders had agreed about […]
The economy of Graz was given a massive boost by sport fans coming to watch the European Handball Championships.Sports city councillor Detlev Eisel-Eiselsberg of the Peoples Party (ÖVP) said today (Tues) the Styrian capitals hotels and pensions registered an additional 6,100 bookings in January compared to figures for the same month in previous years.He added […]
The number of people stopped trying to illegally enter Germany via Austria is soaring.Police in the German State of Bavaria said today (Fri) officials prevented 2,800 attempts of people trying to enter the country illegally from Austria. This is a 15 per cent year on year increase, they stressed.Officials added there were 270 prevented attempts […]