Austrian oil and gas producer OMVs chief Wolfgang Ruttenstorfer has said he expects his firm to have much better results this year than in 2009.Ruttenstorfer said today that predictions were difficult at present, especially given the recent sharp decline in the price of OMVs stock, but said the plunging Euro would be “positive” for the […]
Tag: investment
Lower Austria has invested 40 million Euros in disgraced American Bernard Madoffs Alpha Prime fund, says a report in todays (Thurs) Der Standard newspaper.Der Standard said that Fibeg, the provincial investment office, had invested the money with Madoff on 30 June 2008.Madoff, who had been running a giant Ponzi scheme for years, went belly up […]
Savings accounts were the investment vehicle of choice for Austrians last year, new research has shown.According to results of a new poll by GfK Austria released today (Weds) 52 per cent of Austrians put available money into them in 2009.That percentage compares to the 15 per cent of Austrians who chose to put money into […]