FACC Reeling in Shock After Firing of CEO

Austrian aviation group FACC is going through a lot of change at the moment. After discovering in January, that due to embezzlement the company account had been drained of millions of euros, the CFO was sacked in February. Now the supervisory board, manned mostly by Chinese who control the company, decided to give the sack to the founder and CEO Walter Stephan. This came as a huge shock to the staff.


EVN Expands Drinking Water Segment in Lower Austria

May 25
Listed energy supplier EVN is expanding its potable water segment in Lower Austria, the management announced during the half-annual press conference. The company advocates a strong stabilization of power grids.

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