Austrian Airlines (AUA) made a loss of 35 million Euro in the first half of this year (2013) despite making a profit in the second quarter. The operating profit of 21 million Euro in the second quarter was not enough to balance out the 35 million Euro loss in the first quarter. Thus making a […]
The 74 million Euro surplus in Salzburg’s finances presented by state finance chef David Brenner last week has raised doubt amongst experts and party leaders. The main critic from experts is that no one knows how much was paid for the paperwork or just how much Salzburg will be able to step out of the […]
FlyNiki partner Air Berlin had around six per cent more customers in the first five months of this year than in the same period of 2010.The carrier which has been cooperating with Vienna-based FlyNiki since 2004 said yesterday (Mon) it recorded 12.95 passengers between January and May 2011. Air Berlin said this was […]
Bank Austria (BA) chief Willibald Cernko has revealed interest in Hypo Group Alpe Adria (HGAA).The banker said today (Weds) BA was interested in acquiring HGAAs Austrian business. He explained: “We are talking about 60,000 customers here. It would be highly ignorant not to consider this.”Cernko stressed there were “many requirements” before a possible takeover. The […]
Hundreds of staff of Erste Banks Romanian subsidiary took to the streets in Bucharest today (Fri) to demonstrate against the loss of certain rights in a controversial new labour contract proposal.Banca Comerciala Romana (BCR) unionists who represent 75 per cent of the banks employees accuse the financial institutes executive board of having an […]