The government intends to change Austria’s insolvency regulations to loosen protective factors banks have so far benefited from. Several bankers – including Andreas Treichl, the head of market leader Erste Bank Group AG (Erste Bank) – have spoken out in favour of a reform of the financial sector bankruptcy law. Austrian law fails to feature […]
More than 187,000 creatures were used in animal experiments in 2010, new figures show. The federal ministries for science, health and environment announced today (Thurs) that 187,236 animals underwent scientific checks in various experiments last year. The ministries said this figure meant that there has been a decline of 9.9 per cent compared to the […]
A new German study has brought uplifting news for Austrian tourism sector businessman.Commerzbank said today (Weds) that it expects Germans to spend 3.5 per cent more on holidays this year than in 2009. The Frankfurt-based institute said its study suggests that Germans will fork out 61.3 billion Euros on holidays this year. The bank said […]
A spaceship of aliens may have crashed in the Austrian Alps, extraterrestrial life enthusiasts have claimed.The German Central Research Centre for Celestial Phenomena (CENAP) announced today (Weds) that a man spotted a “glowing fireball” cruising across the sky in the Tyrolean Alps around 8.30pm yesterday evening.CENAP said the Austrian could have been witness of an […]