The Constitutional Court (VfGH) has rebuffed Heinrich Staudinger, the shoe and furniture producer from Waldviertel (Lower Austria). The businessman believes that businesses should be independent from bank loans and freed from debt. The examination of his complaint was rejected. Since 1999, Mr Staudinger has been able to collect 3 million euros from family, friends and […]
Legal wrangles between students and Vienna University are possible as Austria’s biggest higher education institution decided to reintroduce tuition fees. The university’s senate opted for a comeback of the charges for the upcoming winter semester. The panel debated the issue yesterday (Thurs) following an appeal by the university’s board. The decision means that students coming […]
Volksbank International (VBI) will continue to have its headquarters in Vienna, the vice chairman of the finance institute’s new owner has promised. Sergey Gorkov, the deputy head of Sberbank’s executive board, said today (Mon) VBI would not leave the Austrian capital. He told the Kurier newspaper the plan was to increase the number of staff […]