A young Styrian faces embezzlement charges for spending thousands of Euros of his schoolmates savings for their upcoming graduation ball.Colleagues reported the 18-year-old to police after finding out that he spent around 3,500 Euros of money collected by them to finance their upcoming prom (Maturaball).Police in Liezen said today (Weds) 87 students in their final […]
Police prevented three suspected car thieves from escaping into Hungary with a rented Mercedes worth 31,000 Euros last night (Thurs-Fri). Burgenland police said today they had arrested the 25-year-old American male driving the car, a 41-year-old Romanian man and a 31-year-old Romanian woman at a former truck rest stop on the eastern motorway (A4) near […]
A Lower Austrian teenager is suspected of being behind a series of burglaries.The 16-year-old was put in preventive detention this morning (Thurs) following months of police investigations.Officials in Amstetten district announced the teen who faces youth crime charges was accused of being responsible for 28 break-ins in the area causing overall damages of […]
Car industry supplier Polytec is considering laying off staff despite a rise in earnings and turnover.The Upper Austrian company, which has its headquarters in Hörsching near Linz, said today (Weds) that company turnover rose by 26.9 per cent to 550.2 million Euros year on year in the first nine months of 2010.Polytec added earnings before […]
The Natascha Kampusch kidnap case might go on retrial as five prosecutors face abuse of office charges.The Innsbruck state prosecution confirmed that it started looking into claims that their Viennese colleagues “permanently neglected investigation developments”.Former Federal High Court (OGH) President Johann Rzeszut made this accusation in a letter to the whips of the five parties […]
Wienerberger AG, the worlds biggest producer of bricks, said today (Weds) it suffered losses of more than 13 million Euros in the first nine months of this year.The Vienna-based company announced losses of 13.5 million Euros between January and September 2010 following losses of 198.2 million Euros in the same period of the previous year.Its […]
Outgoing Lufthansa boss Wolfgang Mayrhuber may become the head of the airlines supervisory board, according to growing rumours.Current supervisory board head Jürgen Weber said at a business event in Hamburg yesterday evening (Mon) that he hopes the Austrian will succeed him when he retires in 2013.Mayrhuber, who has been head of the German aviation giant […]
Vienna is set for a strong increase of tourists from debt-ridden Spain, according to new research.The Vienna Tourism Indicator (VTI), which checks various tourism statistics, shows that the number of people from Spain visiting the Austrian capital will rise dramatically. The southern country currently has the highest unemployment rate among the European Unions (EU) 16 […]
Red Bull Racings profits before taxes were up more than six-fold year on year in 2009, according to British media.The Daily Telegraph reports today (Mon) that the British Formula One (F1) team which is financed by Austrian energy drinks producer Red Bull increased to 4.6 million Euros from 2008 to 2009.The newspaper also […]
Ball guests expenditures will pour more than 70 million Euros into the Viennese economy this winter, according to research.The citys Economy Chamber (WKW) said today (Mon) ball guests spending on tickets, taxi rides and visits to the hairdresser will help the citys businesses to around 74 million Euros in the upcoming ball season.WKW said it […]