One of Europe’s most influential economists has unleashed an extraordinary attack on the continent’s political elite. Hans-Werner Sinn – who heads the Institute for Economic Research (IFO) in Munich, Germany – has become one of the most outspoken critics of the European Union’s (EU) steps in reaction to the debt crisis of Eurozone members like […]
Tag: Italy
Austrian banks strongly engaged in Italy
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Austrian banks have a lot to lose in debt-ridden Italy, figures released today (Tues) show. Financial market authorities announced that bank institutes based in the Alpine country invested 15.8 billion Euros in the struggling Eurozone member state which borders it in the south. They pointed out that Austrian banks’ exposure in Greece – which has […]
A man from Ukraine was arrested after police found more than 400 cigarette cartons in his car. The 30-year-old was stopped during in a traffic check on the A2 southern motorway in Villach-Land district, Carinthia, near the Austrian border with Italy yesterday evening (Weds). He was put in custody after 425 cigarette cartons were discovered […]
Austrian companies have invested six billion Euros in Romania since the fall of Communism, a diplomat has revealed.Michael Schwarzinger, the Austrian ambassador in Bucharest, said that amount has been spent by businesses from his country since the reintroduction of democracy in Eastern Europe (EE) after the fall of the Iron Curtain in 1989.Austrian oil and […]
Almost one in three Austrians have no holiday plans in 2011, a survey shows.The Institute for Leisure and Tourism Research (IFT) and motorist association ÖAMTC announced today (Fri) 29 per cent of Austrians said they would not take a vacation this year. Researchers said that especially people with a low income would not take a […]
A 44-year-old Indian was detained and sent back to Italy after being caught trying to enter Austria on foot.The man was spotted strolling along the A13 Brenner motorway near Gries am Brenner in Tyrol by traffic policemen on Tuesday, local authorities said today (Thurs). He was deported to neighbouring Italy from where he presumably entered […]
Hypo Italia presents SME focus
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Hypo Alpe Adria Italia has revealed plans to expand.The bank, which is part of Austrias Hypo Group Alpe Adria (HGAA), announced today (Mon) it wanted to focus on offering services to small and medium-sized enterprises (SME) in northern Italy. Hypo Alpe Adria Italia praised these firms as the “backbone” of the regions economy. It added […]
Dornhelm picks rookie for Knox flick role
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Robert Dornhelm has hired a yet unknown actress to star as murder victim Meredith Kercher in an upcoming TV drama based on the life of convicted killer Amanda Knox, according to British media.Newspapers report that 26-year-old Cambridge University graduate Amanda Fernando Stevens has been assigned by the Austrian director to star as the Irish exchange […]
Shamed Fiorentina star Adrian Mutu will not be part of the Romanian team taking on 2006 world champions Italy in a friendly in Austria tomorrow (Weds).Manager Razvan Lucescu decided not to call up the 31-year-old striker who recently made a comeback following a nine-months suspension for doping, according to a report by the Romanian Times.The […]
An elderly Frenchman has been put in custody after failing to pay at a petrol station in eastern Austria yesterday (Tues).The 85-year-old driver was stopped on the A4 eastern motorway in the province of Burgenland shortly before the Austrian-Hungarian border.CCTV footage revealed that he fuelled his car for around 40 Euros and took one can […]