Russia’s leading bank has managed to significantly lower the price it pays for the international operations group of Austria’s biggest banks. Sberbank bosses agreed with Volksbank AG (ÖVAG) managers to transfer 505 million Euros for all federal branches of Volksbank International (VBI) except its ailing Romanian department. Contracts sealing the takeover were signed in Vienna […]
Spar Austria head Gerhard Drexel has vowed to keep focusing on organic products due to the strong demand for the supermarket’s own Natur Pur range. Drexel told the Kurier today (Thurs) that his supermarket chain’s Natur Pur portfolio had achieved two-digit growth rates each year since its introduction. The businessman claimed the sale of organic […]
Peek & Cloppenburg (P&C) will narrow the gap to market leader Hennes & Mauritz (H&M) when it opens a new store in the heart of Vienna, a market analysis company has explained. RegioPlan said today (Tues) P&C’s share in the domestic fashion sector will improve thanks to the German company’s new 11,800-square-metre store in the […]
An advocate representing kidnap victim Natascha Kampusch is demanding one million Euros in compensation for personal suffering for his client.Viennese newspapers report today (Tues) that Gerald Ganzger called on the Republic of Austria to transfer one million Euros to Kampusch, 23, for what she had to endure in her eight years in captivity.Kampusch was snatched […]
A shopping list scribbled by Ludwig van Beethoven will be auctioned in Germany later this year, it has emerged.The German composer, who spent many years working and living in Austria, wrote the memo to himself in Vienna in 1817. The list features soap, a mousetrap, a knife and a metronome.Auctioneers in Cologne said today (Fri) […]
Austrian Industry-Holding Stock Corporation (ÖIAG) head Peter Michaelis has claimed that the sale of Austrian Airlines (AUA) to Lufthansa was a “success”.The Austrian government coalition of the Social Democrats (SPÖ) and the Peoples Party (ÖVP) assigned ÖIAG to sell a major stake of AUA when it became clear that the airline was at risk of […]
An Upper Austrian couple stand accused of having cultivated marijuana for over 10 years.Police searched the Vöcklabruck flat of the 42-year-old man and his 51-year-old girlfriend after having received an anonymous tip-off.The suspects admitted having grown the banned substance in the basement. Reports have it that they have been selling the drug to addicts for […]
Austria has been hit by the eighth case of mad-cow disease (BSE) this year.The federal health ministry announced today (Fri) post mortem tests have shown that a 15-year-old cow which died of old age on a farm in the Lower Austrian district of Wiener Neustadt had the disease.The ministry, headed by Social Democrat (SPÖ) Alois […]
Most apples on sale in Austria are laced with pesticides, a consumer magazine report has shown.Consumer information magazine Konsument said today (Thurs) 12 of the 16 samples it took contained chemical agents. It added that the discovered amounts were nevertheless below the allowed concentration.The magazine also pointed out that none of the 104 organic fruits […]
Apples iPhone 4 will go on sale in Austria later this week, it has emerged.The American company confirmed reports that the latest edition of its bestselling Smartphone was set to hit the shelves in the country today (Tues).Apple announced that the iPhone 4 will also be available in Switzerland, Sweden, Luxembourg, Italy, New Zealand, Singapore, […]