Austrians are forking out more on their cars than on food, new figures show.Statistik Austria said today (Weds) that 12.1 per cent of an average households overall expenditure were invested in foodstuff, while 15 per cent are soaked up by costs affecting cars and motorcycles. With 12.8 per cent, investments on leisure activities are also […]
A leading Russian bank may take over struggling Volksbank AGs (ÖVAG) international operations department.Russian business newspaper Vedomosti reports today (Weds) that Moscow-based Sberbank was in the final stage of negotiations with ÖVAG about the acquisition of a 51 per cent interest in VBI (Volksbank International). The daily cites sources close to Sberbank’s top management saying […]
Telekom Austria AG (TA) has been given more time to improve its offer to take over a leading Serbian mobile services firm.The Serbian government which holds 80 per cent in Telekom Srbija said yesterday (Tues) it decided to give TA the chance to increase their takeover bid until 3 May.The Viennese telecommunications provider […]
The apartments of former Vienna International Airports (VIA or VIE) managers in Vienna and Lower Austria have been searched by prosecutors, it was confirmed.Klosterneuburg prosecutors announced that search warrants were executed at two homes of former VIA decision-makers and businesspeople assigned to create a new terminal called Skylink this morning (Tues). They added that several […]
A Kapsch TrafficCom AG (Kapsch) affiliate is raking in a one-digit million-Euro sum by equipping a federal railway agency in North Africa with a radio system.Kapsch CarrierCom said today (Tues) it has been assigned to deliver and set up the system on a 110-kilometre route in Algeria. The firm refused to reveal any figures, but […]
Raiffeisen Bank International (RBI) prepares to fork out more than 100 million Euros of extra taxes to the Austrian government this year.The bank which handles the international operations of Raiffeisenzentralbank (RZB) said today (Fri) it expected additional taxes of 130 million Euros in 2011 due to the new Austrian bank solidarity levy. The […]
More and more Austrians are picking fair-trade products, new figures show.Fairtrade Austria said today (Thurs) shops across the country generated a turnover of 87 million Euros by selling products from its portfolio last year, up by 21 per cent compared to 2009.The organisation explained bananas have been the most popular foodstuff in recent years. The […]
Alfred Hörtnagl has resigned as Rapid Viennas executive manager just weeks after thousands of fans demanded his departure.The Tyrolean player informed club bosses yesterday (Thurs) that he would retire from the post as of now, it was announced today. Hörtnagl had been in charge since December 2006.Sport press have praised him for getting Rapid in […]
Gerhard Roiss, the new head of energy sector giant OMV AG, has hinted that the company will reform its strategy.The businessman, who took over from Wolfgang Ruttenstorfer as CEO today (Fri), announced yesterday he assigned a team of firm-internal experts to review and possibly adopt OMVs focus.Roiss explained it was likely that OMV will draw […]
Peter Hagen is to become new head of Vienna Insurance Group (VIG), one of the leading insurers in Europe.The businessman, who joined the company in 1989, will succeed Günter Geyer as CEO on 1 June 2012. He is currently also a member of the supervisory boards of steel industry giant Voestalpine and the Vienna Stock […]