OMV boss Wolfgang Ruttenstorfer has been found not guilty of insider trading.The former Social Democratic (SPÖ) state secretary faced three years in jail over suspicions he benefited from insider knowledge in a controversial stock purchase.Ruttenstorfer, who has headed the oil and gas company since 2002, acquired 26,500 OMV stakes worth 632,000 Euros in March 2009. […]
Federal Railways (ÖBB) boss Christian Kern has revealed that his firm will begin training the train drivers of a rival company.Businessman Hans Peter Haselsteiner and former ÖBB manager Stefan Wehinger’s Westbahn project will start offering around daily connections between Vienna and Salzburg this December. Wehinger recently told Die Presse newspaper: “We expect to achieve operative […]
More than 200 tourists had to be evacuated from a hotel in Vienna city centre when a fire broke out in an adjacent restaurant on Saturday morning.No one was seriously injured in the incident, but an elderly couple from Germany were hospitalised over possible smoke poisoning.Fire-fighters decided to evacuate the 217 sleeping guests and staff […]
A Lower Austrian who called help for his injured father could have killed the man, according to police.Officials in Schwechat near Vienna said today (Thurs) the 48-year-old was put in custody after ringing up the local police department this morning. The man asked officers to send an ambulance as his 78-year-old dad was “seriously wounded”.Paramedics […]
Austrian oil and gas giant OMV has taken over a competitors exploration activities in Tunisia.The Vienna-based company announced today (Thurs) it has transferred 610 million Euros to American firm Pioneer Natural Resources to take over its operations in the north African country. OMV said the executive board of its Tunisian subsidiary company signed contracts earlier […]
A German actor who was assigned to work as a doctor after presenting forged documents may face murder charges as a woman died after he failed to help.Nils G., 38, who starred in various TV series and films, was arrested after having worked as an emergency doctor for the Viennese Samaritans Association and the Red […]
Erste Bank boss Andreas Treichl has revealed he is more concerned about developments in the Eurozone than about developments in Eastern Europe (EE).The banker said today (Fri): “The biggest risk for us, the financial service providers, is the insecurity about the debt rates in the Eurozone and how they can be covered in the coming […]
Austria has not yet given the green light to transfer its December rate to fellow European Union (EU) member Greece, it has emerged.Peoples Party (ÖVP) leader and Finance Minister Josef Pröll announced today (Tues): “Statistics give no reason to hand over the money from an Austrian point of view.”Pröll argued that figures have shown that […]
Federal Workers Association (ÖAAB) head Michael Spindelegger has said the post of family issues state secretary must not be abolished.Spindelegger, who is also the Peoples Party (ÖVP) foreign minister, said today (Tues) that family subjects must have “a face” in the government coalition between his party and the Social Democrats (SPÖ).The ÖAAB boss explained he […]
Wienerberger AG, the worlds biggest producer of bricks, said today (Weds) it suffered losses of more than 13 million Euros in the first nine months of this year.The Vienna-based company announced losses of 13.5 million Euros between January and September 2010 following losses of 198.2 million Euros in the same period of the previous year.Its […]