Volksbank boss rules out nationalisation over 2009 losses


Volksbank bosses have denied reports the bank faces nationalisation as losses soared dramatically last year.Volksbank AG (ÖVAG) chief Gerald Wenzel said the search for a strategic partner was ongoing in the bank’s bid to pay back the millions of state aid it received over the past few months to get through the economic crisis.Wenzel refused […]

Study shows most parents feel let down by politics


The vast majority of Austrian mothers and daughters feel left alone by politicians, a survey has found.Vienna-based research agency Karmasin – who interviewed 500 parents in March and April – revealed today (Thurs) that 82 per cent felt “let down” by politicians when it comes to support for their situation.Austria has been criticised in various […]

Austria tops EU drinking study

General News

Austria tops a study researching drinking habits of people in the European Union (EU).Fifteen per cent of Austrians said they would drink alcohol four to five times a week. This is a higher percentage than in any other EU member state, according to the European Commission’s (EC) Eurobarometer poll.Bulgarian came second with 14 per cent […]