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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
RBI Discussing New Ways of Global Banking Regulations
RBI welcomes global finance at the ICC Banking Commission Meeting 2013.
October 24, 2013
Czech Republic: Four Banks too Big to Fail
CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).
October 24, 2013
ECB: “Uniform Assessment for Banks Important Step for Europe”
Assessment of ECB is an important step in the preparation of the single supervisory mechanism.
October 24, 2013
Serbia Wants to Become Full EU Member Asap
The Western Balkan is serious in building a relationship with the European Union.
October 23, 2013
Slovenia: Govenor of National Bank demands “Change of Mentality”
At a lecture planned by the Institute for Middle-East and Balkan Studies (IFIMES), Bostjan Jazbec, govenor of Banka Slovenije, pointed out that the country could only blame itself for the current state it was in.
October 23, 2013
Austrian Banks Expected to Pass Auditing
According to the financial supervisors, the Austrian banks are likely to pass the ECB’s (European Central Bank) auditing since there are no significant adjustment requirements.
October 23, 2013
Slovenia: Banka Sparkasse Provided with Loan by EIB
EIB continues to support SME and mid-cap projects in Slovenia.
October 22, 2013
Austria: Bank Aids Burden State Budget
Since the beginning of the financial crisis, Austria has lost billions of Euros.
October 22, 2013
Eurozone: Economy Starting to Grow
Experts at Ernst&Young; forecast economic growth of 0.9 percent in 2014 in consequence of an improved global economic performance.
October 21, 2013
Austria: State Debts Could Amount to 74.5 Percent of GDP
The statistical office of the European Union, Eurostat, raised doubts about the Austrian budget deficit and public debts because of the financial scandal of the government of the province of Salzburg.
October 21, 2013
Croatia: EU-Membership Did Not Help Yet
In the first months of its EU membership, the situation in Croatia´s industrial sector deteriorated further.
October 19, 2013
Nowotny Demands Same Rules for All Banks
Govenor Nowotny urges for a discussion about the capital requirements (Basel III) for banks, which applies only for the major banking institutes in the US but for all banks in Europe.
October 18, 2013
Turkey: Green Light for EU Accession Talks
On Tuesday, the EU Commission intends to give green light to accession negotiations with Turkey starting at the beginning of November.
October 18, 2013
Bulgaria to Encourage Chinese Investments
Investments from China in Bulgaria currently come at € 85m, reports SME Times.
October 18, 2013
„Czech Republic Does Not Fully Use Its Potential“
Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.
October 17, 2013
Mitterlehner: “2014 Will Become Significantly Better“
Austrian Minister for Economy Reinhold Mitterlehner considers the Austrian economy to be in a spirit of optimism as an upturn in Europe has become evident. According to him, 2014 is supposed to become “significantly better” than 2013.
October 17, 2013
Serbia: EU Candidacy to Accelerate Reforms
On the occasion of a meeting with head of the EU Delegation to Serbia, Serbia´s Prime Minister Ivica Dacic expressed his willingness to deepen the reform process.
October 17, 2013
EU Enlargement: Commission Recommends to Take Up Albania and Macedonia
In a set of annual reports adopted, the European Commission recommends granting EU candidate status to Albania and for the fifth time in a row, the opening of accession negotiations with the former Yugoslav Republic of Macedonia.
October 17, 2013
Austria: RBI Expects Stabilization
Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.
October 17, 2013
Romania: Privatization of Railroad Company Flopped
The privatization of Romanian freight railroad company CFR Marfa failed. The sale of shares is part of the conditions with IMF, the World Bank and the European Union.
October 17, 2013
CESEE Region Suffers from Migration
The countries of Central, Eastern and Southeastern Europe are confronted with a highly unfavorable demographic trend. The brain-drain is expected to persist.
October 17, 2013
Eurozone: Banking Union Approved
From autumn 2014 on, the European Central Bank (ECB) will directly supervise 130 major banks within the Eurozone.
October 16, 2013
Ukrainian Gas Pipeline Key Issue for EU Commission
A gas pipeline plan in the Ukraine is among the EU Commission’s key infrastructure projects.
October 16, 2013
Austrians Opposed to EU Enlargement
According to a survey, the majority of Austrians are opposed to an EU Accession of Turkey and Western Balkan States.
October 16, 2013
Poland: 70 Percent against Introduction of Euro
According to a recent survey carried out by Public Opinion Research Center (CBOS) as many as 70 percent reject the idea of introducing the Euro to Poland.
October 15, 2013
EU Commission Favors New Nabucco Project
After OMV’s pipeline project Nabucco failed, the EU Commission takes into consideration a stripped-down version along the Danube.
October 14, 2013
Croatia: Hypo Group Losing Last Industrial Participation
Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.
October 14, 2013
Ukraine’s EU Accession: Commission Still Positive
Stefan Füle, EU Commissioner for Enlargement and European Neighborhood Policy underlined once more Ukraine’s significant progress leading the country close to the European Union.
October 14, 2013
FX Loans: ECB Warns Hungary
ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.
October 14, 2013
Slovenia Does Not Fully Draw EU Funds
As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.
October 12, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
IMF: Serbia´s Reforms are Not Sufficient
On the occasion of a visit in Serbia, the IMF commented the efforts of the Serbian government to cut the budget gap. The austerity cuts are right, but the country needs further reforms, IMF´s team said.
October 10, 2013
Bulgaria: Significant Increase in Exports to EU
Exports from Bulgaria to the European Union have increased by 6.6 percent.
October 10, 2013
Polish Government to be Rearranged
On Wednesday Prime Minister of Poland Donald Tusk announced that there will be personnel changes in November within the government which will be presented in November.
October 10, 2013
Gazprom May Face Proceedings by Austrian OMV
OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.
October 9, 2013
Bratusek: “We Are Paying for Your Debts”
On Tuesday Slovenian Prime Minister Alenka Bratusek presented the budget draft for 2014 and 2015 to the members of parliament.
October 9, 2013
Hungary and Croatia to Solve MOL/INA Issue
Both Hungarian Minister of Foreign Affairs Janos Martonyi and his Croatian counterpart Vesna Pusic intend to solve the issue between Hungarian MOL and Croatian INA.
October 9, 2013
Serbia Gets Support by Former Italian Foreign Minister
On its path to EU integration, Serbia gets further well-known support.
October 8, 2013
Poland Hopes for Cheap Gas by Gazprom
The Polish government is hoping to be able to bargain prices with Russian energy giant Gazprom, Polish Minister for Economy Janusz Piechocinski announced today.
October 8, 2013
IMF Forecasts Only Minimal Growth for Austria in 2013
The International Monetary Fund (IMF) forecasts not even one half percent of GDP growth this year for Austria. However, 2014 has better chances for accelerated growth.
October 8, 2013
World Bank: 47 Banking Crises in the Past 40 Years
47 banking crises that have struck 116 countries in the past 40 years - World Bank
October 8, 2013
Fekter Presses for Provisional Budget Financing
Finance Minister Maria Fekter (ÖVP) does not count on the government to present a budget draft in time, which was scheduled October 22 and involves the Finance Act until the end of the year.
October 8, 2013
Voestalpine Expects Turnaround
The European demand in steel is increasing. Austrian steel manufacturer voestalpine expects the worst of the crisis for the steel industry to be over.
October 7, 2013
Wifo: Austrian Economy Sees Upturn
Today the Austrian Institute for Economic Research (Wifo) has released its prognosis for 2013 and 2014. The institute sees the first signs of an economic recovery.
October 4, 2013
Keuschnigg Advises Austria to be Patient
According to Keuschnigg it was not possible to increase the core capital quota of the banks to the level necessary or to reduce public debts by 120 percent in two years only.
October 4, 2013
Austria: Downsizing Models for Hypo
Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.
October 4, 2013
Economic Recovery and Interest Rate Turnaround Also in Austria?
Not only Germany but also the peripheral areas of the European Union see economic recovery supported by an increasing export activity.
October 3, 2013
Poland Increases Funding for SMEs
According to Polish Finance Minister Rostowski, the government plans on extending a funding program for the support of small and medium sized companies in order to improve the country’s economy.
October 3, 2013
World Bank Supports Financial Reporting in CESEE
The World Bank launched a new program to strengthen corporate financial reporting in the countries of the EU’s Eastern Partnership.
October 3, 2013
EU Commission to Lead Cartel Proceedings Against Gazprom
The Russian energy giant Gazprom might face penalties of up to € 11bn.
October 3, 2013
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