The pressure is increasing on People’s Party (ÖVP) Environment Minister Nikolaus Berlakovich as he keeps refusing to reduce spending on the agricultural sector. The environment and agriculture minister claimed yesterday (Tues) subsidies on the domestic agricultural industry were ensuring farmers’ existence. He warned that cuts could ruin the Austrian agricultural sector. His appeal comes after […]
People’s Party (ÖVP) chief Michael Spindelegger has pointed out that his party wants to restore the country’s public budget without tax increases. The foreign minister, who took over when Josef Pröll resigned as ÖVP chief in April 2011, said yesterday (Thurs) his faction found that the state debt could be lowered significantly by austerity measures. […]
A Styrian company specialised in solar energy generation has received assignments worth 17.4 million Euros overall from businesses and town halls overseas.Graz-based Solid GmbH said today (Fri) it will install solar-powered heating and cooling systems at a school, a hotel and seven prisons in the US state of Arizona.It is not the first time for […]
European Commissioner for Regional Policy Johannes Hahn has appealed to colleagues to “think three times” before slashing subsidies for the European Unions (EU) weaker economies.The Peoples Party (ÖVP) politician said today (Thurs): “The EUs regional policy measures are an important aspect in creating growth. Thats why it would be counter productive to cut subsidies […]
Outgoing Magna co-chief Siegfried Wolf has rubbished claims that his departure will have a negative effect on the car parts makers factory in Austria.Russian billionaire Oleg Deripaska said earlier this month Wolf was set to head the automotive division of his company Russian Machines.The announcement came just weeks after Frank Stronach accepted a multi-million payout […]
Austria is to give a six million-Euro subsidy towards the renovation of Auschwitz concentration camp memorial site in Poland, it was announced today (Tues).Peoples Party (ÖVP) Finance Minister Josef Pröll said: “Our plan is to contribute around six million Euros. Thats the benchmark.”Pröll stressed this would be exactly a tenth of the amount of Germanys […]