Dont disregard insolvency for Hypo bank says WIFO head

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Business

A leading Austrian economist has caused controversy by questioning the government’s stance about how to deal with ailing bank Hypo Alpe Adria. Professor Karl Aiginger, who heads up think tank WIFO and is Professor of Economics at the Vienna University of Economics and Business Administration, said the government were too quick to completely reject the […]

Helicopter pilot may face manslaughter charges

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General News

A helicopter pilot could face manslaughter charges after heavy cloud meant he failed to realise how high they were when he released a rope – and dropped a mountain rescue expert to his death. Alpine policeman Franz Franzeskon, 52, and two colleagues were being lowered on a harness in a bid to rescue a 40-year-old […]

Increasing problem with beggars

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General News

Austrian police have registered a dramatic increase in the number of beggars hanging around outside shopping centres and supermarkets in Austria. Alongside the increasing number of beggars there has also been an increase in the numbers of complaints about people trying to collect money for supposed community initiatives. But in many parts of Austria in […]

Vienna police chief opposes ‘multiculti’ patrols

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General News

Vienna police general Karl Mahrer has spoken out against a “multiculti police force” in the city.Referring to projects in Germany, Mahrer said today (Mon): “We don’t want a multiculti police force in which groups of police officers of Turkish origin patrol the streets together.”Mahrer added: “Diversity means mixture. We can create a certain mixture by […]

Brain Force coffers drained by restructuring

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Business

IT services provider Brain Force Holding AG (Brain Force) spent more than 1.8 million Euros on restructuring measures in the past business year.The Vienna-based company said today (Tues) it invested 1.82 million Euros on firm-internal restructuring measures in the 2009/2010 business year which ended on 30 September.Brain Force announced that its turnover declined by 22 […]