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Austrian News
Austrian News: Read the latest headlines about developments in Austrian domestic politics with reference to the international interest
S&P Upgrades Latvia
The Baltic country performs well, S&P underlines. The long and short-term sovereign credit rating moved from “BBB-/A-3” to “BBB/A-2”.
November 15, 2012
NBP: Further Interest Cuts Likely
The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.
November 15, 2012
„Greece Has No Future in Eurozone“
The Czech President Klaus thinks that the Eurozone could bear a Greek exit without any problems.
November 15, 2012
EU Budget: Austria Faces Massive Cuts
After the negotiations have failed, the Commission presented a new draft. Major cuts for Austria seem inevitable.
November 14, 2012
Austria Third Largest Investor in Czech Republic
According to the Czech President Vaclav Klaus, his Austrian counterpart Heinz Fischer and the President of the Austrian Chamber of Commerce Christoph Leitl, the bilateral trade relations are expandable.
November 14, 2012
“Intensifying the dialogue between the EU and the Arab League"
Austria´s Vice-Chancellor Michael Spindelegger at the meeting of foreign ministers of the Arab League and the EU in Cairo
November 14, 2012
State Visit: Klaus Received by Fischer
Today, the Czech President Vaclav Klaus has met his Austrian counterpart Heinz Fischer in Vienna. The commonalities are rather small.
November 13, 2012
Romania Hopes for New IMF Loan
The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.
November 13, 2012
Hungary: Head of Banking Association Resigns
The chairman of the Hungarian Banking Association Mihaly Patai steps down. He explains that the Hungarian state overburdens the banking sector.
November 13, 2012
"Important step towards opening the Nigerian export market"
Austria concludes investment protection agreement with Nigeria.
November 13, 2012
Austria: Black Labor Costs € 3.5bn Per Year
The economist Friedrich Schneider explains that the size of black labor comes at € 19.6bn per year in Austria.
November 12, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
EU Budget: Austria Threatens to Veto
Austria´s Vice Chancellor Michael Spindelegger explains that cuts in the agricultural sector will not be accepted.
November 10, 2012
Fekter Underlines Austerity Policy
Fitch rating agency assigns its best triple A rating to Austria, praising in particular the stability and reform package approved in March.
November 10, 2012
Czech Republic to Enlarge Nuclear Energy Production
Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.
November 9, 2012
Austrian Government Agrees on Bank Restructuring Law
“The agreements at government conference are intended to strengthen financial sector.” Finance Minister Maria Fekter says.
November 9, 2012
Fitch Confirms AAA for Austria
The outlook is „stable“. The rating agency is worried about the banking sector, however.
November 9, 2012 · Updated: November 9, 2012; 17:13
Austria´s GDP Could be € 27bn Higher
The insufficient infrastructure costs economic growth. According to the “Future Austria Infrastructure Report 2013”, Austria´s economic performance could be substantially better.
November 8, 2012
Slovenia and Austria to Deepen Co-Operation
The Slovenian Minister of Economics Radovan Zerjav and the President of the Austrian Chamber of Commerce Christoph Leitl want to intensifiy the economic co-operation.
November 8, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
Hungary´s Budget Deficit Below 3.0%
The EU Commission estimates that Hungary´s budget deficit will comply with the Maastricht Criteria in 2012 and 2013. However, the deficit may exceed the 3.0% threshold in 2014.
November 8, 2012
Polish National Bank Cuts Interest Rate
In order to support economic growth, NBP decided to ease its monetary policy.
November 8, 2012
Nowotny: More Power for Big Countries
The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.
November 7, 2012
Romania: Joining Eurozone Will Take up to 30 Years
Economists think that Romania´s economy is far from being ready for the euro. The convergence process may take decades.
November 7, 2012
Slovenia: Creation of Bad Bank Should Solve Credit Crunch
At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.
November 6, 2012
Future of Czech Government Uncertain
Although Prime Minister Petr Necas was confirmed as party leader of the governing ODS, the government is still threatened to collapse.
November 6, 2012
Poland: Lending Criteria to Tighten
According to the Polish National Bank (NBP), banks will tighten lending conditions further. NBP wants to support economic growth, but has to prevent a credit bubble.
November 6, 2012
Romania: Joining Eurozone is „Not for Sure”
Romania´s Prime Minister Victor Ponta expressed his concerns about introducing the euro in Romania.
November 5, 2012
Hungary: New Threats for Banks
The Hungarian government plans to take over debts from small municipalities. Banks fear that the Hungarian state demands a debt relief.
November 5, 2012
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
Rostowski: Poland´s Economic Slowdown “Only Temporary”
Regarding the medium-term economic development, the Polish Finance Minister Jacek Rostowski proves confidence.
November 2, 2012
CNB: Interest Rate at Historical Low
Today, the Czech National Bank (CNB) decided to cut the interest rate to 0.05%. Now, foreign exchange interventions are the only tool for CNB.
November 2, 2012
Erdogan Tries to Put Pressure on EU
The Turkish Prime Minister Recep Tayyip Erdogan warns of postponing the EU accession of his country.
October 31, 2012
Hungary Cuts Interest Rates Again
The Council of Hungarian National Bank, which is dominated by representatives of the Hungarian government decided to cut the base rate from 6.50% to 6.25%.
October 31, 2012
Lithuania´s Government Aims to Join Eurozone
The social democrat Algirdas Butkevicius may become Lithuania´s next Prime Minister. His main targets are austerity and the accession to the Eurozone.
October 31, 2012
EU Budget Cuts would Affect Poland
In the last six years, Poland benefitted substantially from EU funds. A cut of € 23bn is being discussed.
October 30, 2012
Czech Republic and Slovakia: Nuclear Power Remains Main Energy Source
The Czech Prime Minister Petr Necas and his Slovak counterpart Robert Fico underline that nuclear energy will remain the future technology.
October 30, 2012
„Banking Union Weakens Central Banks“
The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.
October 30, 2012
Austrian Managers Lose Confidence in EU
Only a third of the Austrian managers believes that the problem in the Eurozone can be solved.
October 29, 2012
Nowotny: Greek Haircut for ECB “No Issue”
The governor of Austria´s National Bank (OeNB) Ewald Nowotny thinks that ECB would not participate in a haircut.
October 29, 2012
Poland: Calls for Interest Cut Become Louder
The Polish economic growth flattens. NBP´s council member Andrzej Rzonca wants the interest rate to be cut.
October 25, 2012
Belgrade to Sharpen Austerity Policy
Next year, Serbia reduces the budget deficit from 6.2% to 3.5% of GDP. The Serbian government expects that the economy will recover next year.
October 25, 2012
„Strengthening Relation with Russia“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.
October 25, 2012
“Poland is Safe”
Despite the economic slowdown, the Polish Minister of Finance Jacek Rostowksi says that the country is safe from the economic crisis.
October 24, 2012
IHS: „Greece Needs Haircut“
Christian Keuschnigg, head of the Austrian Institute of Advanced Studies thinks that another haircut will be inevitable.
October 24, 2012
Tax Quota: Austria Among Top Countries
Among 27 OECD countries, the Austria´s tax quota is the eight highest. For Austria, the trend goes upwards
October 24, 2012
“Austrian businesses pursuing expansion in Vietnam”
Great potential in the future-oriented energy, environmental and education sectors.
October 24, 2012
Slovenia: Foundation of Bad Bank Proves Difficult
After the approval of the Slovenian Parliament, the government faces a public vote on the creation of a bad bank and an industrial holding group.
October 24, 2012
Czech Government to Change?
Prime Minister Petr Necas is under pressure. A failed austerity package would cause a government change.
October 23, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
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