Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Smell Stop

Cosmo&Nanu

Libya collapse causes closure of Salzburg civil engineering firm

Libya collapse causes closure of Salzburg civil engineering firm

A successful civil engineering company in Salzburg has been forced into liquidation after they were involved in building a railway project in Libya - but were then not paid after the overthrowing of the Gaddafi regime.

The company Intergeo which specialises in engineering and building technology had been employed to help build a railway in the North African country.

Run by Peter Müller and Wolfgang Gebauer it had been increasingly operating in the international market in recent years out of its headquarters in Salzburg and with two subsidiary offices in Villach and Innsbruck.

The work in Libya had been carried out without any problems but when payment was due the money was never transferred as the country descended into chaos with the revolution – and the firm was never paid more than 1,000,000 euros in fees that had been agreed.

That resulted in the firm being left with debts of 730,000 euros. Some 12 staff have lost their jobs and 80 creditors are affected by the firm's closure.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!




Tag cloud:
payment  staff  money  transferred  debts  engineering  fees  railway  chaos  Innsbruck  creditors  lost  closure  Salzburg  jobs  euros  Villach  problems  Libya  civil


Latest News

 

Pink Easter bunny helps Vienna art world pay tribute to Dürer
The Viennese art world has created its own version of the Easter Bunny – by making a giant sized sculpture of the famous Albrecht Dürer painting currently on display until 29 June as part of the exhibition "Dürer, Michelangelo, Rubens"

Pressure Group To Tackle Victims Of Austrian Officialdom
A group of businessmen fed up at the way companies are being squeezed not only by red tape but also by ever newer taxes have taken to the Internet to try and build up pressure for change.

First Hotel in Millstatt Celebrates 130th Anniversary on Summer 2014
Luxury hotel See-Villa in Millstatt, Carinthia opens its doors anew to welcome the 2014 summer season and celebrates its 130th founding anniversary in Austria's summer capital.

Austrian Teen Girls Become Pin Ups For Syrian Jihad
Interpol is searching for two Austrian teenage girls who they believe have been tricked into going to Syria to fight on the side of Islamic rebels.

As seen at Haydn Kino: The Amazing Spider-Man 2
Film review by Kostyantyn Steblovskyy

Schools Ordered To Save, But Also To Buy Expensive Scales
Austria's embattled finance ministry has been dragged into a new scandal after it emerged that at the same time as demanding schools save 57 Millionen Euros, they were also expected to find an additional 3 million to buy an approved set of weighing scales.

OAP Hunts Down THIS Hit And Run Cyclist
Does anyone recognise this cyclist? If so you can get yourself 200 euros, and do a good deed in the process.

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Free Staff For One Person Companies - But Only In NÖ
Since the beginning of the year one-man-companies, the so called "Ein-Personen-Unternehmen" in Lower Austria have been entitled to help in the form of a free assistant.

What is on at Burg Kino this week? (18 April - 24 April)



This week at the Burg Kino on the Opernring the following films are showing:





 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers