EU rules prevent tax on financial transactions, says Karas

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Politics

Othmar Karas has claimed that there would already be a tax on financial transactions if the European Parliament (EP) had the final say. Karas – who heads the EP delegation of the Austrian People’s Party (ÖVP) – said today (Weds) current European Union (EU) regulations kept the union from acting efficiently. He told the Kurier […]

Sberbank focuses on Vienna and Poland

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Finance

Volksbank International (VBI) will continue to have its headquarters in Vienna, the vice chairman of the finance institute’s new owner has promised. Sergey Gorkov, the deputy head of Sberbank’s executive board, said today (Mon) VBI would not leave the Austrian capital. He told the Kurier newspaper the plan was to increase the number of staff […]

Ackerl wants party to veto EU financial rescue bids

Categories
Politics

The Social Democrats (SPÖ) are in turmoil after a provincial department chief has suggested blocking European decisions to increase chances of the introduction of a new levy. SPÖ Upper Austria boss Josef Ackerl said yesterday (Weds) the federal party board should veto European Union (EU) actions considering debt-stricken members like Greece. Ackerl argued Austrians would […]

Few Austrians own shares

Categories
Finance

The vast majority of Austrians have no interest in stocks, according to research. Pollster Imas found that 75 per cent of residents of the country had no intention to acquire shares. The survey also shows that just 13 per cent of Austrians hold participations in companies via shares and investment funds. The figure resembles results […]

Ticket tax to shrink Air Berlin fleet

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Business

FlyNiki partner Air Berlin has revealed plans to diminish its capacities.The company – Germany’s second-biggest airline after Lufthansa – said today (Thurs) it planned to reduce its fleet by seven planes in the near future as a reaction to upcoming taxes on tickets imposed by the German government.The coalition of the Christian Democratic Union of […]