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Austria - European Union Political News
Read the latest headlines about developments in Austrian - European Union (Brussels) politics with reference to the international interest
Eurozone: GDP Grew Slightly
Euro area and EU27 GDP both up by 0.3% -0.7% and -0.2% respectively compared with the second quarter of 2012.
August 14, 2013
Eurozone: Minor Growth in Industrial Production
Industrial production up by 0.7% in euro area. Up by 0.9% in EU27.
August 14, 2013
ECB: New Issuance of Debt Securities Totaled EUR 672 Billion In June 2013.
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in June 2013, compared with 0.1% in May.
August 14, 2013
Hungary to Pay Back IMF Credit
A year earlier than necessary € 2.15bn go back to the International Monetary Fund (IMF).
August 14, 2013
Slovenian PM Convinced Agreement on 2014 Budget Will Be Reached
Slovenian Prime Minister Alenka Bratusek is convinced an agreement will be reached regarding changes to the 2014 budget
August 13, 2013
Industrial Production Rose in Romania and Greece
In June 2013 compared with May 2013, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union.
August 13, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
20,000 Bank Shops Have Closed Since Beginning of Crisis
60 percent of the costs in the business with private clients are caused by bank shops. Still, banks are hesitant to close them as they fear the loss of long-term clients.
August 12, 2013
Commerzbank: Austria to Miss Budget Goals
Without a new austerity package, Austria will run up more debts than calculated in the bugdet plan, German Commerzbank says. The country’s AAA ratings are likely to decrease.
August 12, 2013
Fitch: European Investors See Withdrawal of Bank Stimulus
More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013
Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Wifo: Economic Growth with Brakes On
Economic upswing will take time. Considering the individual branches an uneven picture emerges.
August 9, 2013
Austria: Significant Drop in Trade Deficit
A drop of 3.2 percent in imports and an increase of 1.1 percent in exports from January to May 2013 make the trade deficit decrease by more than € 2bn.
August 9, 2013
Hungary: Land Reform Evokes Conflict
“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.
August 8, 2013
Slovenia: Stakes of at Least 80 Enterprises
The Slovenian state owns shares in at least 80 companies directly or indirectly.
August 8, 2013
Croatia: Upwsing Depends on Return of Investors
Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.
August 3, 2013
Eurozone: Inflation Remains Stable
Flash estimates show the Euro area annual inflation is stable at 1.6 percent.
August 1, 2013
Romania’s Economic Recovery Expected to Strengthen.
Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.
August 1, 2013
Cyprus Is Showing Progress
According to estimates by its international creditors, Cyprus is showing progress at the reorganization of its state budget.
July 31, 2013
Serbia: No Early Elections Despite of Break of Coalition
Dismissal of Finance Minister Mladjan Dinkic. URS is leaving the governmental alliance. Despite of a break of the coalition, there will be no early elections in Serbia.
July 31, 2013
Czech Republic: Unwilling to Join Eurozone?
In 2012, the country missed two out of four criteria for the introduction of the single currency. According to the statistical office it was the worst result in five years. It is not yet clear when the Czech Republic is ready to join the Eurozone.
July 31, 2013
Slovenia Likely to Overcome Problems in Banking Sector
Slovenia’s problems in banking sector are controllable, according to experts.
July 31, 2013
Eurozone: Business Investments Decreased to 18.8 Percent
Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively
July 31, 2013
Bulgaria: Danger of Policy Drifting
Bulgaria's fundamentals are strong but politics suggest policy drift.
July 31, 2013
Eurozone: Household Real Income Increased 0.5 percent
Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area
July 31, 2013
Ukraine’s Banking System to Approximate EU Standards
Introduction of Basel-II regulation earlier in 2013 helped banks create more reserves.
July 31, 2013
EVN Forced to Lower Electriciy Prices in Bulgaria
Austrian energy provider EVN is ordered by the regulator to drop electricity prices.
July 30, 2013
Protests: Bulgaria in a Political and Social Crisis
Thousands of protesters are still marching the streets of Sofia. It is particularly the educated middle class that has had enough of the raging corruption of the political elite.
July 30, 2013
Slovenia Lures Russian Investors
Slovenia invites Russian investors to participate in privatization plans.
July 30, 2013
47.5 Percent Compulsory Levy in Cyprus
Major investors are losing almost half of their assets.
July 30, 2013
Romania: Privatization as a Potential Driver for Economy
Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.
July 29, 2013
ECB: No Risk of Deflation in Europe
The European Central Bank (ECB), in contrast to the International Monetary Fund (IMF), does not see the danger of a general downward trend in prices with all its negative effects for the economy.
July 29, 2013
Bulgarian Deputy PM: “They Want Social Justice“
In an interview with Austrian newspaper Standard, Bulgarian Justice Minister and Deputy Prime Minister Zinaida Zlatanova (40) talks about the reasons for the protest movement, planned reforms and critizism from abroad.
July 27, 2013
Slovenia: Economy to Shrink Despite of Austerity Measures
Slovenian economy expected to contract 2.2 percent in 2013. Prior forecast: -1.9 percent.
July 26, 2013
Bulgaria: Signs of Economic Recovery
Bulgaria services sector marks the highest growth of FDI
July 26, 2013
Latvia: Saying Goodbye to the Lat
The introduction of the Euro in the Baltic country has been postponed due to the financial crisis. Latvia originally planned to join the single currency union in 2008 already.
July 26, 2013
Croatia Might Join Schengen Zone in Three Years
Croatia to start procedures for no-passport zone in 2015.
July 25, 2013
Bulgarian Protests As Sign of New Understanding of Values
The great wave of protests in Bulgaria continues to sweep the country. Experts regard the demonstrations as a sign of a new understanding of values.
July 25, 2013
Serbia and Bulgaria to Team Up in Energy Policy
Serbia and Bulgaria discuss South Stream, Nis-Sofia gas interconnection and the completion of the section of Corridor 10
July 24, 2013
Austria: Economists Predict Rosy Days
The Austrian economy will be growing by 1.7 percent on an annual basis and is developing much better than the rest of the Eurozone, the Austrian Institute for Higher Studies (IHS) predicts.
July 24, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
Croatia Receives Major Loan from EIB
The European Investment Bank grants a € 250m loan for the new EU member.
July 23, 2013
Hypo Group Needs Even More Money
The nationalized Austrian bank needs fresh funds of more than € 700m. For the Austrian taxpayers, the banking package becomes more and more costly.
July 21, 2013
Turkey Considers Economic Re-Orientation
The Turkish government wants to shift its economic focus from Europe to Asia.
July 18, 2013
EU: Highest Inflation in Romania, lowest in Poland
Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%
July 17, 2013
EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks
Euro area international trade in goods surplus 15.2 bn euro.
July 17, 2013
Austria Stresses Importance of Agency for Fundamental Rights
"EU Agency for Fundamental Rights in Vienna plays a central role in the monitoring of fundamental rights."
July 17, 2013
Fekter: Horror Figures with Hypo’s Restructuring Plan.
The restructuring plan for Hypo Alpe Adria involves several scenarios, which Finance Minister Fekter does not want to mention. The “horror figures” tax payers are burded with are set up “in an apocalyptical way”, according to her.
July 15, 2013
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