A banker who embezzled more than six million Euros of clients money has been given a relatively mild sentence when judges heard he suffers from bipolar disorder.The ex-clerk who was sacked in October 2008 was sentenced to one year in prison at Viennas Criminal Court yesterday (Weds). The man has managed to disguise […]
Tag: Euros
Prospering plastic producer Borealis AG has said the construction of a centre for innovation in Abu Dhabi should be completed soon.The Vienna-based company which also runs factories in Austria and Sweden among other countries announced today (Thurs) that the facility in the capital of the United Arab Emirates (UAE) will be operating by […]
Viennas public transport pricing system will be reformed, Social Democratic (SPÖ) Mayor Michael Häupl has confirmed.Häupl reacted to recent newspaper reports claiming that his party and the Greens will restructure the Wiener Linien ticket price scheme. The mayor said today (Weds) prices will be altered to make the system fairer and “more social.” He explained […]
Vienna hotels introduce sharp price hike
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Hotels in Vienna are charging nearly 20 Euros more per night than resorts in Salzburg, a survey has revealed.Holiday information platform Trivago (www.trivago.co.uk/hotelprices) which constantly compares the prices for standard double rooms in Europes largest cities and most important vacation destinations announced today (Weds) that one night at a hotel in the Austrian […]
A top banker has been accused of “showing personal characteristics of greed and arrogance” after he branded Austrias political elite as “too stupid and cowardly.”Erste Group Bank AG (Erste Bank) boss Andreas Treichl incited an intense discussion about the decision-making of Social Democrats (SPÖ) and the Peoples Party (ÖVP) when he claimed at a business […]
Heather Mills suffers ski crash
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Heather Mills had to be hospitalised with a serious shoulder injury after suffering a skiing accident, it has emerged.The former model who split from pop icon Paul McCartney after a six-year marriage in 2008 crashed on a slope on the Mölltaler glacier in Carinthia yesterday (Weds), according to local media. Reports have it […]
RHI profit plummets
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Fireproof products manufacturer RHI AG has said it is optimistic about the coming months despite the setback the firm experienced at the beginning of this year.RHI announced today (Thurs) it achieved a profit of 18.3 million Euros in the first quarter of 2011, down by 14.9 per cent compared to the same period of last […]
Ottakringer output stable
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Viennese brewery Ottakringer AG achieved a turnover beyond 45 million Euros in the first quarter of this year.The company said today (Thurs) it managed to improve its turnover from 34.39 million Euros between January and March 2010 to 45.45 million Euros in the same time span of 2011. However, Ottakringer pointed out that its turnover […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has called for a drastic reform of political structures in the countryside.The right-winger claimed today (Mon) smaller towns and communities should be forced to merge to avoid the financial collapse of the country. Bucher whose appeal comes after various newspapers and magazines as well […]
AUA messes up economic take-off
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Austrian Airlines (AUA) has failed to find the runway to recovery, latest business performance figures show.The airline sustained a loss of 63.5 million Euros in the first three months of this year, only down slightly compared to the same period of last year (64.7 million Euros).The carrier, which has its headquarters in Vienna, had an […]