VIENNAAustrian Finance Minister Hans Joerg Schelling said on Wednesday he expected that an offer could be made to creditors of "bad bank" Heta before the end of the year if talks and preparations go smoothly.Schelling signed a 1.2 billion euro ($1.29 billion) final agreement with the German state of Bavaria to settle a dispute over Heta, said he expected talks with other creditors to start within weeks. "We expect talks with creditors and (the province of) Carinthia to start within Read more [...]

Last Friday the owner of Brucklyn club in Bad Tölz, Bavaria, told his bouncers not to let a group of young men into the premises. The group had apparently done nothing wrong. The problem was that they were asylum seekers. The situation escalated when a couple of local guests saw what was happening and accused the bouncers of being "Nazis pigs", according to a version of the story given by the club on Facebook. But in the Facebook post the club admits to blocking entry to refugees in order Read more [...]

The BMW M2 is easily the most exciting car to come from Bavaria in a long, long time. Fans have been waiting with baited breathe for a true M variant of the 2 Series ever since getting a taste of the delicious M235i. Well, it’s on its way and fans couldn’t be more excited. I wouldn’t be surprised if enthusiasts waited outside of BMW dealerships for days before the launch, like people do for the new iPhone. It’s that big of a deal. The reason for the hype and excitement is Read more [...]

Staff Sgt. Christina Turnipseed Leaders from all over United States Army Garrison Bavaria Grafenwoehr attend training on the new Non-Commissioned Officer Evaluation Report hosted by the 21st Theater Sustainment Command, facilitated by the 18th Military Police Brigade and taught by Sgt. Maj. Michael Ledesma, Read more [...]

BRB has operated the 3 million train-km per year Augsburg Diesel Network 2 since 2008, and its latest contract will start in December 2018 and expire in December 2030. Under the terms of the contract, which was awarded following an open tender, the operator will deploy new trains. Initially services will remain the same as present but will change following the electrification of the Munich - Geltendorf - Memmingen - Lindau line, where Marktoberdorf and Füssen trains will continue to Augsburg Read more [...]

VIENNAAustria will sign a 1.2 billion euro ($1.3 bln) final agreement with the German state of Bavaria on Wednesday to settle their dispute over Austrian "bad bank" Heta, Austria's Finance Ministry said in a statement on Tuesday.BayernLB, 75 percent owned by Bavaria, bought a majority in what was then Hypo Alpe Adria for 1.6 billion euros in 2007, only to have it nationalised by Austria two years later after a Balkan expansion spree went awry.Heta is winding down the assets of now defunct Hypo, Read more [...]

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Deutsche Bahn (DB) is working with the German government to train refugees as railway engineers. This month, the first intake of 15 refugees, hailing from eight different countries, began training in Munich to become electronics technicians. DB has been developing the programme with the Federal Employment Agency (BA), the City of Munich, the Chamber of Industry and Commerce for Munich and Upper Bavaria (IHK) and the Institute for Economic Research for the last 18 months. The 28-month course Read more [...]

Werder Bremen got back to winning ways on Sunday evening beating FC Augsburg, who currently prop up the Bundesliga table. An important few results after a poor run of form Bremen have now claimed six points from a possible twelve available, their only two defeats coming against runaway leaders Bayern München and their closest challengers Borussia Dortmund. Wedged in between these results, they also beat 1. FC Köln to progress to the next stage of the DFB Pokal, meaning they've won three of their Read more [...]

“A modern day mass migration is taking place … that could change the face of Europe’s civilization,” warned Hungarian President Viktor Orban. “If that happens, that is irreversible. … There is no way back from a multicultural Europe,” said Orban. “If we make a mistake now, it will be forever.” Orban acted on his beliefs. He erected a 110-mile fence on the Serb border, redirecting hundreds of thousands of migrants away from Hungary to Croatia, thence to Austria and Germany. Sunday, Read more [...]