A businessman from Lower Austria who wanted to take out a loan online has been conned out of 51,000 Euros. The Lower Austrian was drawn in by a tempting offer made by the fraudsters based in the UK. They promised the man a quick and easy loan of a million Euros on the condition that […]
Tag: Euros
Austrian Canadian businessman Frank Stronach has invested another 1,000,000 euros in his political party which he founded recently to fight in the next election in Austria. According to a new law from the first of July any donations over 50,000 euros need to be registered with the Federal auditors. That means also any donations made […]
In an ongoing battle with the Austrian Financial Market Authority (FMA) over crowdfunding the shoe entrepeneur Heini Staudinger has said that he will not back down and he is prepared to go to prison. Staudinger believes that businesses should be independent from bank loans and freed from debt. Since 1999 he has been able to […]
130 million unclaimed by families
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Politicians have started a debate on what to do with 130 million euros of unclaimed cash put aside to help with the cost of childcare for families. The MPs are agreed that the money should go to families but are now debating how it could be used. The money was to cover the 2,300 euros […]
Mayor stole to fund gambling habit
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The former mayor in Braunau, Upper Austria, the birthplace of Adolf Hitler is to appear in court after taking money from locals to fund his gambling addiction. Ex-mayor Gerhard Skiba is accused of borrowing almost half a million euros from locals claiming it was for relatives of his abroad who are having financial difficulties, and […]
The world’s biggest ever musical-fraud court case against a leading expert on Stradivari who lived in a castle and had a fleet of luxury cars including two Rolls-Royces gets underway in Austria today (Wed). The reputation of 62-year-old German-born Dietmar Machold was so well regarded that he was allowed to value the instruments and give […]
Vice Chancellor Dr. Michael Spindelegger has opened the 59th international gardening festival in Tulln and praised the impressive floral arrangements at what is now Europe’s biggest flower show. Under the motto “A floral trip through history” the best Austrian gardeners and tourists presented their creations depicting different eras in a floral way. The designers come […]
Austrian prosecutors have filed charges against the world’s leading expert on Stradivari who lived in a castle and had a fleet of luxury cars including two Rolls-Royces with what is believed to be the world’s biggest ever musical fraud. The reputation of 62-year-old Dietmar Machold was so well regarded that he was allowed to value […]
Property prices keep climbing
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A real estate expert has expressed concerns about property prices in Austria. Thomas Malloth told the Kurier today (Thurs): “The question is whether the middle class will manage to afford it in the near future if things keep developing this way.” Malloth said annual statistics reveal that all kinds of properties – cheap flats in […]
TV tax increase ahead
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TV consumers in Austria must pay higher taxes from Friday. The ORF licence fee increases by seven per cent as of 1 June. The rise was agreed on last November when ORF general director Alexander Wrabetz justified it as “moderate”. Political decision-makers and telecommunications regulation authority KommAustria gave the go-ahead to the disputed tax hike. […]