Erste in €40mn support deal for Tvarna mall project

Categories
Finance

A Northern Irish property firm is set to build a new shopping centre an hour’s drive from Austria after getting a multi-million Euro loan from Erste Bank’s Slovenska sporitelna.British media report today (Fri) that the Slovakian subsidiary of Vienna-headquartered Erste Bank teamed up with VUB bank – a Slovakian competitor owned by Italy’s Intesa Sanpaolo […]

DO&CO gets Euro2012 job

Categories
Business

DO&CO has already qualified for the Euro2012 after the caterer was chosen to organise the event’s hospitality services.The Viennese company announced today (Thurs) it will handle catering for the tournament’s premium partners and officials. The 2012 European Football Championships will take place in Poland and the Ukraine.The firm, which is headed by Attila Dogudan, was […]

Upper Austrian industrial firm goes bust

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Business

Upper Austrian firm Franz Hittmayr GmbH has filed for bankruptcy, it has emerged.The Alpine Creditors’ Association (AKV) said today (Thurs) judges at the provincial court in Wels have started dealing with the Redlham-based industrial company’s situation.The body said Franz Hittmayr GmbH had debts of more than 3.9 million Euros. It added the plan was to […]

Confessional box auction offline after ‘satanic’ bid

Categories
General News

Catholic Church killjoys have ordered a parish to take its confessional box auction offline – right after the highest bid was exactly 666 Euros.Priest Otto Weber of cash-strapped Hirschstetten parish in Vienna-Donaustadt decided to offer one of the church’s confessional boxes on eBay to carry out essential renovations.But Archdiocese Vienna decision-makers forced the canny cleric […]

Spindelegger says Sudan must cooperate to avoid civil war

Categories
Politics

People’s Party (ÖVP) Foreign Minister Michael Spindelegger has appealed to his Sudanese counterpart Ali Ahmed Karti to increase measures avoiding a civil war breaking out in Darfur.Spindelegger said Austria – currently a member of the United Nations Security Council (UNSC) – had “great interest” in the wellbeing of the thousands of refugees living in the […]

Austria named top Q1 investor in Croatia

Categories
Business

Austrian firms have invested more in Croatia than companies from other countries in the first quarter of this year, it has been announced.The Croatian National Bank (HNB) said today (Tues) Austrian businesses spent 195.8 million Euros during the first three months of this year. Germany is in second with business activities worth 90.4 million Euros, […]

Pensioner fined for gold-smuggling attempt

Categories
General News

A German pensioner has been fined for trying to smuggle pure gold worth half a million Euros from Switzerland via Austria into his homeland.Vorarlberg custom officials said today (Fri) the man was ordered to pay 35,000 Euros over the incident last April, but added he had been allowed to keep the valuables.The 69-year-old claimed he […]

Chinese traveller checks conman on the run

Categories
General News

Police are hunting a Chinese fraudster who fled after trying to exchange stolen traveller checks worth almost 800 Euros.Graz police announced today (Fri) the man attempted to turn American Traveller Cheques worth 1,000 US dollars (790 Euros) into money at a city centre bank yesterday.The conman left his passport behind as he ran away after […]

Pröll under pressure over pricey state debt info campaign

Categories
Politics

Opposition leaders have turned their guns on People’s Party (ÖVP) Finance Minister Josef Pröll over splashing out more than 800,000 Euros on a debt information campaign.The vice chancellor was forced to reveal his ministry spent 816,802 Euros on the controversial posters following Greens MP Karl Öllinger motion in parliament yesterday (Weds).The campaign – headlined “Weniger […]

Vienna hotel prices drop

Categories
Business

Vienna hotel room prices have declined dramatically, new figures show.International hotel comparison platform Trivago said today (Tues) the average price for a standard double room in the Austrian capital dropped by 17 per cent to 108 Euros per night this month compared to June 2010.Viennese hotel rooms however remain more expensive than the European average […]