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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


Polish Airline LOT Puts Pressure on Boeing

Polish carrier LOT is threatening Boeing with claims for compensations. Dreamliner purchased by the airline company were faced with weeks of grounding due to a series of technical problems. Losses are estimated in the amount of up to € 25m.
August 23, 2013


Austria: Fekter Reserved About Further Aids for Greece

In the debate about a third bail-out package for Greece worth billions, Austrian Finance Minister Fekter presented herself restrained.
August 22, 2013


Eurozone: Strongest Growth Rates in Two Years

The Eurozone continues to recover. Businesses in industrial production and in the service sector increased to a new high in more than two years. However, growth in both sectors is still not enough for the creation of new jobs.
August 22, 2013


Ukraine Diversifies Sources of Reverse Gas Supply

Ukraine plans on soon opening two more routes through Romania and Slovakia.
August 22, 2013


Former Austrian Chancellor to Counsel Serbian Government

Former Austrian Chancellor Alfred Gusenbauer (SPÖ) was invited by the Serbian government to advise and support it on their path to the European Union.
August 21, 2013


Half of Bulgarian Citizens in Favor of New Elections

Only three months after elections in Bulgaria more than half of voters favor new elections, according to a survey. Supporters of the ruling Socialists are outnumbered.
August 21, 2013


Slovenia: Business Organizations Post Wishlist to Government

Slovenian business organizations have forewarded a wishlist to the government in which they request more "breathing room" by the lowering of taxes and measures to enhance development and competitiveness.
August 20, 2013


Czech Ex President Klaus Not to Return to Politics

Contrary to certain rumors, former President Vaclav Klaus does not plan to return to politics.
August 20, 2013


Eurozone: Minor Increase in Construction Production

In the construction sector, seasonally adjusted production rose by 0.7% in the euro area (EA17) and by 0.8% in the EU27 in June 2013, compared with the previous month, according to first estimates released by Eurostat.
August 20, 2013


Czech Republic: New Trial for Dissolution of Parliament

The Czech parliament could enable new elections.
August 19, 2013


Austria: Kranebitter to Leave Hypo Group

After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.
August 19, 2013

Can Greece be Saved?
In a era where it feels as though the stability of the Euro and its included nations teeters on the brink of chaos, everyone is looking to Greece as the tipping point.
June 13, 2012 · Updated: August 19, 2013; 10:13 · Sponsored Content


Ukraine Reduces Imports of Gas by 35 Percent

From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.
August 16, 2013


Austria: Minor Decrease of Inflation Rate

Slight easening of inflation in Austria: Thanks to cheaper fuels and a lower upward trend in prices for food, the inflation rate in Austria decreased from 2.2 percent to 2.0 percent in July.
August 16, 2013


Czech Republic: New Elections Expected At the End of October

Prime Minister Petr Necas’ resignation leads to new elections soon. The Social Democrats, who want to introduce the Euro, are potential winners.
August 16, 2013


Czech Republic to Crawl out of Recession

In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.
August 15, 2013


End of Recession Supports Stock Exchanges in Europe

The Eurozone seems to have finally left recession behind. This is one of the reasons why markets closed trades with a plus on Wednesday.
August 15, 2013


Can We Eliminate Extreme Poverty By 2030?

Over the last 200 years the world as a whole has seen a marked decline in the incidence of absolute poverty.
August 14, 2013


Cyprus: Bailout Should Have Come Sooner

Cyprus should have applied for an EU rescue package in 2011 to avoid the restrictive terms forced on investors to ensure support, its central bank governor said yesterday.
August 14, 2013


US to Support Ukraine Gain Energy Independence

One of the key priorities of US Ambassador to Ukraine Geoffrey R. Pyatt is the support of Ukraine to gain greater independence in the energy sector.
August 14, 2013


Schieder: “Successful Employment and Regional Economic Policy Has to Be Continued“

Austrian State Secretary rejects unreliable surveys “talking down” Austrian economy.
August 14, 2013


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