According to a latest report, Maria Fekhter, who is the current Austrian Minister of Finance, exclaimed her days as the Austrian finance minister were going to be over. A

According to sources, if the statement of the Finance Minster falls true, then it will be a great loss, as Maria is a straight forward politician, who has given plenty of blunt public comments and stood for right things.

A newspaper has reported that Telekom Austria has agreed to pay around 1 billion euros for new telecoms spectrum. It will happen in an auction that will net around 2 billion euros for the government.

Austria's WirtschaftsBlatt said 700 million euros will be paid by Deutsche Telekom's (DTEGn. DE) T-Mobile Austria. Moreover, Hutchison Whampoa's H3G will be handing over 300 million.

The billionaire founder of auto-parts giant Magna International is heading an anti-establishment movement. There are few who are better than Mr. Stronach. Former premiers and prime ministers are among his friends and his daughter, Belinda, was a federal minister.

Fitch Ratings have braced its top triple-A rating with Stable Outlook given to Austria. It cited the country's track record of achieving low budget and the lowest unemployment rate in the European Union as the reason behind its top triple-A rating given to Austria.