VIENNA, March 11 (Reuters) – The famed Vienna Philharmonic
has acknowledged that many of its musicians were Nazi party
members during Hitler’s rule and that its director may have
delivered a prestigious orchestra award to a Nazi war criminal
two decades after the end of World War Two.
The orchestra, which has come under fire for covering up its
history, on Sunday night published details for the first time
about its conduct during the Nazi era, including biographies of
Jewish members who were driven out and sent to death camps.
VIENNA (Reuters) – Marina Plistiev, a Kyrgyzstan-born Jew, has lived in Vienna for 34 years but still doesn’t like to take public transport.
She recalls the day in 1986 as a teenager when she and her four-year-old brother, whom she’d collected from school with a fever, were told to get off a tram for having the wrong tickets, and nobody stuck up for them, apparently because they were Jews.
VIENNA, March 10 (Reuters) – The world-famous Vienna
Philharmonic orchestra will publish details of its history
during the Nazi era on Sunday, responding to years of
accusations of a cover-up.
Austria took several decades after World War Two to
acknowledge and voice regret for its central role in Hitler’s
Third Reich and Holocaust. The country will solemnly mark the
75th anniversary on Tuesday of its annexation by Nazi Germany.
VIENNA, March 8 (Reuters) – Moody’s kept its negative
outlook for Austria’s banking system on Friday, citing a
weakening operating environment, rising bad debt charges and a
limited capacity of many banks to absorb losses.
The credit ratings agency said these negative factors were
only partly counter-balanced by what it saw as the modest
funding risks of most Austrian banks.
VIENNA, March 6 (Reuters) – Austrian energy group Verbund’s
profits rose less than expected in 2012 as electricity
prices fell due to stagnating demand in the recession-hit euro
zone and market upheaval in Germany, the continent’s biggest
European utilities have resorted to selling off assets amid
weak demand from manufacturers, key consumers of energy and
plunging wholesale prices in Germany, where heavy subsidies for
renewables are causing a glut.
VIENNA, Feb 26 (Reuters) – Wienerberger, the
world’s biggest brickmaker, posted an unexpected net loss for
2012 on Tuesday because of high restructuring costs for its
struggling European bricks business.
Shares in the Austrian company fell more than 4 percent
despite a forecast for rising core profit this year in the
expectation that its strong pipes business, improved earnings in
North America and cost savings will offset a weak European
VIENNA (Reuters) – A new film based on the story of Austrian kidnap victim Natascha Kampusch shows her being repeatedly raped by captor who beat and starved her during the eight-and-a-half years that he kept her in a cellar beneath his house.
Kampusch was snatched on her way to school at the age of 10 by Wolfgang Priklopil and held in a windowless cell under his house near Vienna until she escaped in 2006, causing a sensation in Austria and abroad. Priklopil committed suicide.
VIENNA, Feb 11 (Reuters) – A former Telekom Austria
boss on trial for his part in a market manipulation
scandal apologized for approving a payment to a banker who
bought shares in the company, triggering bonuses for dozens of
In the first court case resulting from multiple corruption
probes into the company, Rudolf Fischer said he had okayed the
500,000 euro ($669,000) payment but had not known it would be
delivered in cash in a plastic bag at a popular Vienna market.
VIENNA, Feb 7 (Reuters) – Austrian steelmaker Voestalpine
stuck to its outlook for an earnings gain for the full
year to end-March despite what it called tougher market
conditions, as it reported higher quarterly profits due to cost
Voestalpine is insulated from weak demand for commodity
steel thanks to its focus on special steels and other niche
products. It is embarking on a global growth plan at a time when
most steelmakers are cutting costs.
VIENNA, Jan 31(Reuters) – The two consortiums competing to
pipe Azerbaijan’s Caspian Sea gas into Western European markets
still have an equal chance of success, the Shah Deniz gas field
operator BP said on Thursday.
The Shah Deniz consortium is expected to choose by mid-2013
whether to pipe gas from the Shah Deniz development into Austria
through the proposed Nabucco West pipeline or into Italy through
the rival Trans-Adriatic Pipeline (TAP) project.