The Austrian supermarket chain Zielpunkt is formally beginning insolvency proceedings with the Vienna court of commerce. Nearly 3,000 employees are expected to lose their jobs before Christmas.
Linda Coussement is a woman on a mission to film people’s personal stories as she slowly travels the globe - with the aim of spreading a message of empathy and connectedness. After spending a month in Vienna she is now en route to Budapest. She spoke to The Local about her project.
A start-up company founded by a 21-year-old Austrian has been bought by Twitter, which has also hired the young technology entrepreneur to work for them in San Francisco.
Stefan Theissbacher, 33, is one of the founders of a free social media network called Frag Nebenan (Ask Next Door) which proved an instant hit after its launch and connects Viennese residents living in the same neighbourhood.
The head of Telekom Austria, Hannes Ametsreiter, has unexpectedly announced he will leave the company "soon" and "voluntarily" after more than five years in the job.
Austria’s national investment promotion company supported a record number of 276 investment projects in 2014 - a rise of 21 percent from the previous year.
The owner of a health food shop in Graz who is refusing to comply with health and safety guidelines and stop using wooden spoons and chopping boards has said that she is willing to spend two and a half days in prison rather than pay a €550 fine.
A new survey released by the World Bank shows that Austria lags far behind its European neighbours when it comes to making it easy to start and run a business.
An advertising campaign by Austria’s biggest textile and underwear company Palmers, to celebrate its 100th anniversary, has backfired after customers complained that the free flights they were offered haven’t materialised.
Telekom Austria Group is among the top ten biggest spenders in EU lobbying to influence decision makers in Brussels - according to data extracted from LobbyFacts.eu, a new online tool based on the EU lobby register.
Austrian discount supermarket Hofer, the Austrian arm of German giant Aldi Süd, will start offering mobile telecoms services early next year, according to a report in Der Standard newspaper.
Rudolf Kemler, chief of the state holding company for industry OeIAG which currently holds 28.4 percent of the Telekom Austria shares wants to keep this stake after the increase in capital which is planned for 2015.
Minister of Agriculture Andrä Rupprechter (ÖVP) considers the chances of obtaining an agreement for the Transatlantic Trade and Investment Partnership (TTIP) as "not good any more".
According to a report in the Wall Street Journal published Monday, Mexican telecommunications company América Móvil has confirmed that it has now secured a majority stake in the former national phone company of Austria, with 50.8 percent.
The ailing hardware chain bauMax, with about 4000 workers in Austria, is due to be sold by its owner, Karlheinz Essl, his company announced on Wednesday.
The European Union will enact more caps on roaming charges for cellular devices throughout Europe from July 1st in what it describes as a step toward a “connected continent.” Consumers will benefit, but mobile suppliers may struggle.
The Austrian operations of Media Saturn, one of Germany's largest chains of electronics stores, has been fined €1.23 million for price-fixing, it was reported today in Heise Online.
One of the founders of the popular energy drinks brand, Red Bull, Dietrich Mateschitz is an Austrian entrepreneur and businessman with an estimated net worth of €5.2 billion.
