Finance
08. 05. 13 - 12:39
AKH hospital under fire over costs
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.
Bank Secrecy law not important for over half
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 "Wirtscha [...]
More subsidies requested for mountain huts
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 [...]
Tax fraud whistleblower says Innsbruck prosecutors hid data
Klaus Lins from Feldkirch, Vorarlberg (Western Austria), indirectly passed on documents of tax fugitives to German authorities in 1997. He stated in a [...]
Rathgeber says she is scapegoat for financial losses
The former head of the budget department in Salzburg Monika Rathgeber said in an interview with the magazine "Profil" that everyone was blaming her fo [...]
Linz swap deal row moves to next stage
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 [...]
Pröll defends nationalisation of Hypo
Former vice chancellor and finance minister Josef Pröll (ÖVP) defended the emergency nationalisation of the Carinthian bank Hypo Alpe Adria (2009) in [...]
Robin Hood shoe maker back in court
The Constitutional Court (VfGH) has rebuffed Heinrich Staudinger, the shoe and furniture producer from Waldviertel (Lower Austria). The businessman be [...]
Sparkasse Carinthia registers a loss of 11.1 million Euros
The bank Sparkasse Carinthia registered 11.1 million Euros of loss in the results of normal business activity last year. This is apparently largely du [...]
A large-scale tax fraud has been revealed in Lower Austria. The customs investigation discovered that a 55-year-old man sold adulterated diesel in Eas [...]
500,000 people in Vienna do not declare tax
Half a million people in Vienna do not declare tax. The tax office is thus earning at least 220 Euros per person. [...]
The 74 million Euro surplus in Salzburg's finances presented by state finance chef David Brenner last week has raised doubt amongst experts and party [...]
AUA ex-staff demanding 50m in pension cash
Around 200 former pilots and flight staff from the Austrian Airlines AUA are threatening legal action in order to get their share of the company's p [...]
Anger at slow pace over Salzburg financial scandal
Regional parliamentary president Simon Illmer (ÖVP) has criticised from his point of view the sloppy work carried out investigating exactly what happe [...]
New probe in Alpe Adria bank scandal
Prosecutors in Carinthia have confirmed a new investigation around the Hypo Group Alpe Adria (HGAA) bank against 12 people. None of those under invest [...]
Bank Austria wins latest stage in Madoff legal case
The controversial legal battle against Bank Austria on behalf of investors that lost out when they were persuaded to invest in the pyramid scheme oper [...]
Salzburg deputy resigns after 3bn rogue trader loss
Salzburg's deputy governor and the man in charge of the province's finances has announced he plans to resign next month after an alleged rogue trader [...]
Salzburg governor knew about rogue trader claim
The lawyer for the alleged rogue trader at the centre of a scandal that might cost the federal province of Salzburg up to 3 billion has accused the re [...]
Salzburg facing alleged rogue traders 3bn losses
Austria's Mozart region of Salzburg is facing bankruptcy after an alleged rogue trader gambled away an incredible three billion euros on risky venture [...]
Austrian Robin Hood ready for jail over bank loan row
Shoe entrepeneur may face imprisonment for battle over crowdfunding in Austria [...]
Call to bring Austrian gold back home from the UK
There is heated debate in Austria after it was revealed that the country's National bank is storing its gold reserves in England. [...]
Alpine plans sell off to gain breathing space
Troubled Austrian building firm Alpine Holding GmbH is planning to sell off one or more of it's sub firms in order to gain a fresh flow of capital. [...]
Austrian firm with base in Ireland is insolvent
The Vienna-based jewellery chain Pierre Lang is insolvent. [...]
State banks need further bailouts
Austria’s nationalised banks will need further billion euro bailouts, according to a report in Austrian weekly "Format". [...]
Austrian parliament approves eurozone rescue fund
Austria's parliament has approved the eurozone's permanent rescue fund, clearing the way for the country's broader participation in the 17-nation zone [...]
