Eton Institute Vienna launches Summer Campaign with huge Online Sale

Categories
Business

Eton Institute Vienna launches Summer Campaign with huge Online Sale Vienna language institute offers one-day occasion to boost personal and professional skills Who hasn’t felt like learning and speaking another language recently to explore new worlds and open up one’s mind? And who hasn’t thought that summer would actually be the perfect time for turning […]

Final state aid repayment from BAWAG PSK

Categories
General News

Austria will receive 350 million EUR owed by bank BAWAG PSK today, in the final repayment of the state aid provided to the lender during the financial crisis. The repayment comes after further capital was provided to BAWAG PSK by shareholders in March. Rumours that owners including investor Cerberus Capital Management are looking to sell […]

Schwedenbomben manufacturer is saved from insolvency

Categories
Business

Niemetz, the Austrian manufacturer of the “Schwedenbomben” confectionary, has been saved from insolvency. The creditors have agreed to the restructuring plan and will get a rate of 95 percent. An investor from South America will support Niemetz. The representatives of the creditors have not learned any details about the investor so far. The money (more […]

Up for sale luxury coach stolen from depot

Categories
General News

Thieves stole a bus from a bus company depot on Sunday night or the early hours of Monday The twelve metre long bus was stolen from the depot in Amstetten. Police believe the thieves have already left the country with the bus. The luxury 52-seater tour bus made by the company Setra has an estimated […]

Peeled bananas offered by common sense supermarket

Categories
General News

A supermarket chain which advertises using a slogan that urges more common sense in shopping has been selling peeled bananas on plastic trays wrapped in foil. But the stunt by the German-owned Billa supermarket chain – part of the Rewe group that has thousands of stores in 9 European countries, has caused outrage among users […]

Sold: Company where 155 died

Categories
Business

Electricity provider Verbund has sold its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]

Biggest resort in Croatia opened by Falkensteiner

Categories
Business

The 160 million Euros worth Falkensteiner Punta Skala Resort in Petrcani near Zadar (northern Dalmatia) has opened doors to tourists after eight years of construction, writes the daily Slobodna Dalmacija. The resort is the Austrian company Falkensteiner Michaeler Tourism Group AG’s biggest Croatian project that took eight years to complete, although parts of it have […]

For sale: Company where 155 died

Categories
Business

Electricity provider Verbund is selling its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]

Danube barracks on sale for 9 million

Categories
General News

An Army camp built to house German troops after they marched into Austria and then housed Communist troops has been put up for sale with a pricetag of at least €9 million. The Tegetthoff barracks in the Döbling area of Vienna were first used by the German Wehrmacht after the entry into Austria in 1938. […]

Grasser rejects BUWOG corruption claims

Categories
Politics

Former Freedom Party (FPÖ) Finance Minister Karl-Heinz Grasser has denied any wrongdoing regarding the sale of real estate management company BUWOG. The enterprise – which manages more than 60,000 apartments – was privatised in 2004 when Grasser headed the finance ministry. Ex-FPÖ General Secretary Walter Meischberger and marketing expert Peter Hochegger, who used to be […]