The manager of the football team SV Scholz Grödig (Salzburg state), which will be promoted the Austrian Premier League, will have to go to court this week. He is accused of tax evasion and of having cooperated with the architect Markus Voglreiter. The proceedings will continue tomorrow (Wed). The former football star from Austria Salzburg […]
Swap deals legal case gets underway
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The civil case of the city of Linz, Upper Austria, against the Bawag bank about the swap deal will start on 24 May. The maximum amount of damage for Linz could be as much as 417 million Euros in the worst case. The city of Linz will send its financial director, the former state traffic […]
Bank Austria hit by hackers
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Hackers hit Bank Austria’s online banking from 4 to 6 May. The cyber criminals hacked into the activity protocols of online banking customers from a covered IP address in France and the Netherlands and from a German server. The attack has apparently been fought off successfully. “It was never possible for the criminals to get […]
AKH hospital under fire over costs
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Due to a non-transparent personnel structure, high absences of employees and exploding costs, the administration of the Vienna General Hospital (AKH) is not efficient, an audit court report stated. The audit report, which has been confidential up to now, will become the most important issue at the city senate meeting next week. The existing shortcomings […]
Only 32 percent of Austrians regard the bank secrecy as personally important. This is the result of a survey of the Gallup institute for the “WirtschaftsBlatt”. 71 percent think that Austria is no tax haven. The results were identical nationwide in all age groups and professions. It is also remarkable that even big income earners […]
For the first time, alpine associations will receive money from the tourism fund of the state of Salzburg for the maintenance of their mountain cabins. The “Alpine Club” is pleased but expects to get more subsidies from the public. The mountain huts of the alpine associations in Salzburg will receive 50,000 Euros subsidies per year […]
Klaus Lins from Feldkirch, Vorarlberg (Western Austria), indirectly passed on documents of tax fugitives to German authorities in 1997. He stated in an interview with the magazine “trend” that the public prosecutor’s office of Innsbruck possibly sheltered these documents. The public prosecutor’s office of Innsbruck has possibly been sheltering documents about Austrian tax fugitives for […]
The former head of the budget department in Salzburg Monika Rathgeber said in an interview with the magazine “Profil” that everyone was blaming her for the financial scandal. In the interview, Monika Rathgeber gives her detailed view on the charges against her, reported the Austria Press Agency (APA). Apparently, there were neither secret deals nor […]
Linz swap deal row moves to next stage
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A special supervisory committee held another meeting about the swap business in Linz, which has made high losses. They discussed a guide for the next meetings. The committee will continue to meet for the foreseeable future. In 2007, the city of Linz concluded a form of a rate-interest bet in order to secure an expiring […]
Pröll defends nationalisation of Hypo
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Former vice chancellor and finance minister Josef Pröll (ÖVP) defended the emergency nationalisation of the Carinthian bank Hypo Alpe Adria (2009) in the hearing of the Bavarian Landesbank (BayernLB) against the fund Hypo Alpe Adria Mitarbeiter Privatstiftung (MAPS) at the commercial court of Vienna. BayernLB made sales contracts in regards to Hypo shares with MAPS […]