Former Hypo Group Alpe Adria (HGAA) boss Wolfgang Kulterer has had his custody extended.Klagenfurt prosecutors announced today (Mon) they decided to extend the bankers detention over fears he might flee and try to cover up potential crimes previously carried out by him in connection with the near collapse of HGAA.Kulturer was arrested on 13 August. […]
Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner has said the Austrian economy will prove think tanks wrong by growing stronger than predicted.The Institute for Economic Research (WIFO) and the Institute for Higher Studies (IHS) said earlier this year they expected the countrys economy still considered to be in a fragile condition after the global […]
Forty-one per cent of Austrians will not go on holiday this year, according to the results of a new poll by Linz public-opinion research firm IMAS released today (Tues).Six per cent said they had already been on holiday, seven per cent said they had already taken part of their planned holiday, and 46 per cent […]
Every third Austrian who will go on holiday this year will do so in Austria, according to the results of a new poll by the Institute for Tourism and Leisure-Time Research released today (Mon).It said 10-to-15 per cent of the 50 per cent of Austrians who were planning to go on holiday had changed their […]
Upper Austrian car industry supplier HTI hopes for positive figures this year after a decline in turnover in 2009.Company boss Peter Glatzmeier said today (Fri): “The past year was a difficult year in which restructuring measures dominated our activities.”Glatzmeier added he hoped for positive business results in 2010.Turnover of the firm based in St. […]
A significant upward trend is not in sight for Austrias economy, a top think tank has warned.The Vienna-based Institute for Economic Research (Wifo) today (Fri) lowered its economic growth forecast for 2010 and 2011. Wifo officials said they expected the countrys economy to grow by 1.3 per cent this year and by 1.4 per cent […]
Innsbruck political scientist Claudia von Werlhof has accused the USA of being behind the Haitian earthquake in January, it emerged today (Tues).According to a report on tirol.orf.at, Werlhof said that machines at a military research centre in Alaska used to detect deposits of crude oil by causing artificial earthquakes might have been intentionally set off […]