Home prices are rising, but the willingness to buy is still great. This combination alarms authorities: memories of the financial crisis are awakened. One consequence of the corona pandemic is that the demand for homes has increased even further. This leads to prices in the housing market rising and...
Vienna – For participating in the large construction cartel that was discovered in Austria a few years ago, the Strabag construction company faces a fine of €45.37 million euros. The Federal Competition Authority (BWB) submitted the application to impose the fine on Wednesday at the Cartel Court, as the...
For Austrians, the fear remains that they will become nobody on the British Isles Many who once left Austria for Great Britain want easier access to dual citizenship Just last week, the particularly restrictive Austrian citizenship law caused a stir. The core of the debate: The SPÖ suggested simplifications...
Record-breaking black money find in Salzburg après-ski bars The tax investigators came across more than 3.5 million euros in incorrectly taxed amounts in 2019. Among other things, the money was deposited in more than 200 savings accounts! Salzburg – The tax investigation has reported a record-breaking black money find...
The CEO of Austria’s state holding company, a close ally of Chancellor Sebastian Kurz, quit with immediate effect on Tuesday amid a controversy over chat messages. The firm, known by its acronym ÖBAG, announced that, given the “ongoing discussion of the last months,” Thomas Schmid’s resignation was a “necessary...
Survey: Austrians currently have the worst image of the EU as only 34% are positive. A majority in Austria and in the EU are in favor of more competences for the Union to overcome the Corona pandemic. Austrians currently have the worst image of the European Union. In a...
Attacks by chancellor and allies against corruption probe threaten rule of law, critics warn. Politicians in crisis tend to either lash out at their opponents or try to change the subject. Sebastian Kurz enlists his mother. “My mother is extremely sad and worried,” the Austrian chancellor told the daily...
Using cluster bombs and firearms, a group of radical Corona deniers planned several attacks against the police. On May 14, 2021, the Federal Office and several state offices for the Protection of the Constitution and Counterterrorism conducted house searches. With voluntary follow-up searches, and interrogations of radical Covid 19...
Land of coins, land of notes: Why Austrians love cash Cash is a hot potato in Austria, and restrictions are not appreciated. What fuels this attitude? Is it still justified in the 21st century? Discussions about restrictions on cash are like a sting in the wasps’ nest to Austria....