Building business top dog Strabag SE has ended its participation in Viennese real estate company Conwert Immobilien Invest SE (Conwert).Strabag, which is Austrias leading construction company, announced yesterday (Tues) that it has sold all of its 2.053 million Conwert share certificates.Conwert focuses on the acquisition and development of exclusive apartments in cities across Austria, Germany, […]
Social Democratic (SPÖ) Chancellor Werner Faymanns visit to Israel will be the first of the head of state since the violent incident on an international aid ship last month.Nine activists were killed and dozens injured when Israeli soldiers captured the Mavi Marmara in international waters. The incident sparked worldwide outcry and sharp criticism of Israels […]
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 […]