Crisis ‘not the cause of most bankruptcies’


Common belief that the economic downturn is to blame for most bankruptcies has been debunked by an insolvency expert.The Creditors’ Protection Association of 1870 (KSV) announced today (Thurs) that only 19 per cent of all of last year’s 6,376 business bankruptcies had firm-external and crisis-related grounds.The organisation claimed 44 per cent of all of the […]

Cannabis factory found in Lower Austria

General News

Two Viennese men are facing drug production charges after cops discovered 256 cannabis plants at an estate in Groß-Enzersdorf, Lower Austria.Police said today (Thurs) they had acted on a tip-off, adding it would have been possible to produce drugs worth 16,000 Euros from the confiscated plants.Officials explained the plants were kept at a storage hall […]