The Vienna Institute For International Economic Studies (Wiener Institut fur Internationale Wirtschaftsvergleiche) forecasts a decrease in the foreign investment in Bulgaria in 2008. The reasons for this are the economic slow down in Europe and the instability of the world credit markets. In the las ...

Vienna and Milan-based luxury goods holding company Labelux Group has acquired Swiss luxury label Bally from TPG Capital for an undisclosed amount. The deal, which is expected to close this summer, ends nearly a decade of ownership of Bally by the Texas-based private investment firm. Labelux Group is owned by Austria's Benckiser family, whose