Politics

ÖBB: Opposition to Privatization Plans

Published: June 6, 2011; 14:48 · (Vindobona)

Austrian Finance Minister Maria Fekter has sparked a debate about the railway company’s future. Her plans have been criticized from many sides.

ÖBB: Opposition to Privatization Plans / Picture: © OEBB

On Sunday, Maria Fekter announced to advocate a privatization of the Austrian Federal Railways: “The ÖBB can easily be privatized, I don’t see a problem there. I would prefer a strategic partnership so that the company can achieve the turnaround.” Furthermore, the Finance Minister rejected ÖBB’s request for a capital injection of € 400m.

Erich Foglar, President of the…

This article includes a total of 211 words.

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ÖBB: Opposition to Privatization Plans

Austrian Finance Minister Maria Fekter has sparked a debate about the railway company’s future. Her plans have been criticized from many sides.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.