• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - Pub Quiz at Charlie Ps
• Vienna - Unknown Underground
• Vienna- January and February at the Austrian Film Museum
• Vienna - Art by Petronilla Hohenwarter.
• STOMP at the MuseumsQuartier

© www.schulbilder.org

10. 12. 09. - 14:00

• more Business news
• RSS Feed Business

10. 12. 09. - 14:00

Vorarlberg haulier goes into bankruptcy

By David Rogers

Transport firm Karl Georg Zech has started bankruptcy proceedings.

The firm, in Nüziders in Vorarlberg’s Bludenz district, entered bankruptcy proceedings yesterday (Weds) in Feldkirch provincial court.

The Credit Protection Association of 1870 (KSV) said the firm had debts of 1.2 million Euros at the end of 2008. It added the bankruptcy would affect 18 employees and 65 creditors.

KSV said a significant drop in turnover was behind the bankruptcy, adding the firm hoped to continue in business.

The Creditors Association Europa (AKV) warned earlier this year that 500 of Austria’s 4,288 haulier and 900 conveyance companies faced the threat of bankruptcy amid increasing competition in Austria and Eastern Europe as well as soaring fuel and maintenance costs and a slump in orders.

Austrian Times

Related articles: crisis

1. Vranitzky appreciates tuition fees discussion

   » General News 2012-02-03

   Former Social Democratic (SPÖ) Chancellor Franz Vranitzky has said he welcomes the current debate about a reintroduction of tuition fees.

2. Many Austrians mistrust jurisdiction

   » General News 2012-02-03

   Almost four in 10 Austrians had a worse opinion of the country’s juridical system today than a few years ago, a new survey shows.

3. Voves calls for cooperation

   » General News 2012-02-03

   Styria’s Social Democratic (SPÖ) Governor Franz Voves has claimed Austria is going through the most difficult period since the end of the war.

more related articles tagged "crisis"

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.

Vienna ÖVP endorses proposed district cuts
Vienna People’s Party (ÖVP) Josefstadt district head Veronika Mickel suggested continuing to speak about a reduction of positions in the city's administration.

Skiing starts in Vienna
Over this winter holiday week, Vienna’s residents will once again be able to make a trip to the slopes without venturing out of the city. The capital’s very own ski slope, "High Hills", will be open daily to the public from 4 February until 11 February.

Vranitzky appreciates tuition fees discussion
Former Social Democratic (SPÖ) Chancellor Franz Vranitzky has said he welcomes the current debate about a reintroduction of tuition fees.

Wiener Linien records rising demand for annual passes
The number of people opting for annual Wiener Linien tickets is soaring.

Many Austrians mistrust jurisdiction
Almost four in 10 Austrians had a worse opinion of the country’s juridical system today than a few years ago, a new survey shows.

Ice wine harvest later than ever
The grapes for ice wine production have been harvested later than ever this year in Austria. The fruit for the popular dessert wine are normally picked in December at the latest but only now have the temperatures been cold enough for the harvest.

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).

Vice chancellor refuses to exclude FPÖ
The People’s Party (ÖVP) keeps refusing to disassociate itself from the Freedom Party (FPÖ) following FPÖ leader Heinz-Christian Strache’s controversial comparisons with the Nazi era.

Austrian and German terrorists hid plans in their underpants
Two alleged terrorists including one Austrian hid plans in their underpants to hack off heads, burn bodies and then send the videos back to their al-Qaeda bosses in Afghanistan, a German court has heard.