Your daily news for
Wednesday, 08. February 2012 - 01:02

Breaking News:

Greens write off debt brake accord Greens chairwoman Eva Glawischnig has claimed the government stopped being interested in adding a debt brake to the constitution.
Electricity supplier switch barriers to disappear Peopleâ€™s Party (Ã–VP) Economy Minister Reinhold Mitterlehner has promised a further reduction of bureaucratic obstacles for people planning to change their electricity providers.
End of austerity package talks in sight, says Khol A Peopleâ€™s Party (Ã–VP) board member has claimed that the upcoming savings package would be presented within the coming days.
Erste Bank expert optimistic about Hungary The chief analyst of Austriaâ€™s biggest bank has said chances for a political agreement about the difficult economic condition of Hungary are good.
Spindelegger upsets SPÃ– Peopleâ€™s Party (Ã–VP) Vice Chancellor Michael Spindelegger has caused a stir by revealing details of the upcoming austerity package.
Tragic schoolgirl Julia to be laid to rest An Austrian schoolgirl whose disappearance was once linked to incest monster Josef Fritzl is to be buried today.
Camera leads to hit and run boarder arrest Austrian police have arrested a hit-and-run snow boarder after issuing the man's picture to local media.
Vranitzky appreciates tuition fees discussion Former Social Democratic (SPÃ–) Chancellor Franz Vranitzky has said he welcomes the current debate about a reintroduction of tuition fees.
Westbahn welcomes 6,000 a day Westbahn manages to sell one in two of the overall number of tickets it offers, a spokesman said today (Fri).
Wiener Linien records rising demand for annual passes The number of people opting for annual Wiener Linien tickets is soaring.
Vice chancellor refuses to exclude FPÃ– The Peopleâ€™s Party (Ã–VP) keeps refusing to disassociate itself from the Freedom Party (FPÃ–) following FPÃ– leader Heinz-Christian Stracheâ€™s controversial comparisons with the Nazi era.
Vienna Ã–VP endorses proposed district cuts Vienna Peopleâ€™s Party (Ã–VP) Josefstadt district head Veronika Mickel suggested continuing to speak about a reduction of positions in the city's administration.

30. 06. 10. - 14:00

Burgenland building firm is broke

Burgenland has been hit with its biggest business bankruptcy in months as an Oberwart-based construction firm goes bust.

Federal Creditors’ Protection Association (KSV 1870) said judges at the provincial court Eisenstadt began dealing with the case of Domweber Baugesellschaft mbH today (Weds).

KSV 1870 said debts of 7.4 million Euros makes the Domweber issue the biggest bankruptcy so far this year in the eastern province of Burgenland.

The body revealed the plan was to present a restructure concept to the 280 creditors and keep the company – which has 74 employees – alive.

Domweber has assets of 4.9 million Euros, according to reports.

KSV 1870 announced last week it expected the number of business bankruptcies to shrink over the next few months compared to last year, while the rise in private bankruptcies was predicted to slow down.

Burgenland building firm is broke

Related articles: crisis

Related articles: business scandals