Erste Bank, one of Austrias leading financial institutes, has said it planned to pay back the state aid it has received over the past two years in the coming months.The Vienna-based bank, which is active in the whole Central and Eastern which (CEE) region, announced today (Fri) it intended to return the 1.2 billion Euros […]
The Austrian government has reduced its travel expenses.A parliamentary enquiry by the Freedom Party (FPÖ) showed yesterday (Thurs) that the Social Democrats (SPÖ) and the Peoples Party (ÖVP) spent 2.2 million Euros on 220 trips abroad last year, less than in 2004 and 2008. Figures for 2009 have not been disclosed since no parliamentary faction […]
The Austrian branch of fast food chain McDonald’s has said it will increase its prices.The company said today (Thurs) that the average price of its products which include whole meals like burgers with French fries but also wraps and coffee will increase by between one and 1.5 per cent this year.”There will be […]
EVN AG, one of Austrias main energy providers, has announced it has managed to reduce its debts.EVN said today (Thurs) that it had debts of 1.37 billion Euros in the first quarter of the 2010/2011 business year, 6.9 per cent less than in the same period of the previous business year. EVN added its investments […]
An investment consultant has been sentenced to prison for gambling away more than 400,000 Euros of customers money.Judges in Graz, Styria, heard yesterday (Weds) how the 36-year-old man promised high interest rates to his clients in order to compensate his rising gambling debts.The accused who has been addicted to sports wagering for years […]
The supervisory board of crane producer Palfinger AG is going to hand control over to the next generation as two members will be replaced my much younger counterparts.The firm, which has its headquarters in Salzburg, said today (Weds) that Hannes Palfinger, 37, and Stiegl brewery boss Heinrich Dieter Kiener, 54, will join the panel next […]
Telekom Austria (TA) may have suffered a decline in earnings before interest, taxes, depreciation and amortisation (Ebitda) and turnover last year, according to leading analysts.Experts of Erste Bank, Bank Austria (BA) owner UniCredit and Raiffeisen Centrobank (RCB) said today (Tues) that they had expected Austrias leading provider of telecommunication services and mobile connections to have […]
Hotel Sacher boss Elisabeth Gürtler has set her sights on a leading hotel management group, it has emerged.Austrian business newspapers report today (Tues) that the businesswoman is considering acquiring the 52.1 per cent stake that the B&C Holding is currently holding in the Imperial Hotels Austria AG.Such a move would put Gürtler in charge of […]
Wienerberger AG the worlds biggest producer of bricks is back in the black.The firm headed by Heimo Scheuch said today (Tues) that it had earnings before interest and taxes (Ebit) of 10.7 million Euros last year after a loss of 258.1 million Euros in 2009. Wienerberger added that its turnover declined by four […]
A Romanian man suspected of stealing coffee machines worth tens of thousands of Euros in Austria has been arrested in his homeland.Daniel D. was caught in the city of Iasi in north-eastern Romania, according to the Romanian Times online newspaper. Austrian authorities issued a European arrest warrant on his name after finding out that he […]