A Greek businessman is offering more than one billion Euros for ailing Hypo Group Alpe Adria (HGAA), it has emerged.Gernot Pointner, a spokesman for Vasileios Xeniadis, announced today (Fri) the investor was ready to cough up 1.35 billion Euros “immediately” if the Austrian government met him for talks.HGAA had to be nationalised last year following […]
An Austrian company has been contracted to get one of Libyas most ambitious infrastructure projects back on track.Austrian Rail Engineering was assigned by the Libyan government to oversee and manage construction of hundreds of kilometres of motorways and railroads. Work started in 2006 but various problems slowed down its progress recently, according to a report […]
Vienna is among the worlds top 25 cities in spending power, a global study has found.Swiss bank UBS announced today (Thurs) that Vienna had retained 24th place in its international spending power survey. The institute added that the Swiss cities of Zurich and Geneva were in first and second places, respectively, ahead of New York, […]
Telekom Austria (TA) continues to invest in Eastern Europe (EE) as it announced the acquisition of two Bulgarian companies today (Weds).Hannes Ametsreiter, general director of the firm, which dominates the Austrian mobile services market, announced TAs subsidiary Mobiltel bought a 100 per cent interest in Spectrum Net AD and Megalan Network AD for 72 million […]
Austrias best-paid manager is to work for oligarch Oleg Deripaska, it has emerged.Austrian-Canadian car parts manufacturer Magna announced today (Mon) co-chief Siegfried Wolf had decided not to extend his contract but to join OJSC Russian Machines.The Styrian will head the supervisory board of the company which one of Russias largest industrial holdings.Wolf has been working […]
A Croat worker who lost more than 1,000 Euros gambling faces charges for wasting police time for claiming he was robbed.The 24-year-old told police officers in Stockerau, Lower Austria, on Wednesday night two men beat him up and threatened him with knives after work.The warehouseman said the duo took 1,176 Euros he planned to spend […]
A Viennese tourism body has spent more than 270,000 Euros on the renovation of a pigeon loft, it has emerged.The citys Schloß Schönbrunn Kultur- und BetriebsgesmbH which manages Schönbrunn Palace, its gardens and the adjacent zoo said today (Fri) it had invested 272,000 Euros on the refurbishment of the baroque dovecot.Schönbrunn Zoo director […]
Ten per cent of Austrians struggle to make ends meet, according to a new survey.Pollsters IFES and SORA who carried out the study for the Upper Austrian Labour Chamber (AKOÖ) announced today (Fri) that one in 10 Austrians (350,000) said they were unable to get along on what they earned. The agencies stressed […]
Magna founder Frank Stronach has claimed his decision to withdraw from day to day decision-making will not have unpleasant effects on his home provinces “car cluster”.The 77-year-old businessman recently decided to accept a multi-million payout for losing his voting rights at the Austrian-Canadian car parts maker.Stronach reportedly received around 800 million Euros after accepting his […]
Four people accused of selling cocaine at a posh Viennese eatery have been arrested.Police in the federal capital announced today (Thurs) that restaurant boss Werner D. had admitted having flogged 1.2 kilograms of the drug to regular customers over the past two years.The 66-year-old as well as three alleged accomplices were taken into custody yesterday […]