Austria - European Union Political News

Read the latest headlines about developments in Austrian - European Union (Brussels) politics with reference to the international interest

Outlook: Europe Remains Under Threat

The European debt crisis will remain a major issue, Austrian Erste Group says.

December 28, 2012

Hutchison Takes Over Orange

The Austrian subsidiary of the Hong Kong-based telecommunication group Hutchison Whampoa is now officially entitled to acquire its competitor Orange.

December 22, 2012

Annual Assembly of the Municipal Councillors for European Affairs in Vienna

At the second general assembly of the members of the initiative of Municipal Councillors for European Affairs held at Palais Niederösterreich in Vienna today, the 500th member of the initiative was welcomed.

December 18, 2012

Austria´s EU Contributions to Increase Substantially

Austria is expected not only to lose its discount, but also to receive lower subsidies.

December 18, 2012

Rostowski: “Poland Will Enter Eurozone as soon as Possible”

Poland´s Minister of Finance Jacek Rostowski announced that his country wants to become a member of the Eurozone. However, the problems of the Eurozone must be solved before, he said.

December 18, 2012

Labor Costs: Highest Increases in Estonia and Romania

Euro area hourly labour costs rose by 2.0%. In the EU27, labour costs were up by 1.9%.

December 17, 2012

Banking Union: Czech Republic Cautious

For the time being, the Czech Republic will not join the single supervising mechanism.

December 15, 2012

Polish Government Considers Joining Banking Union

Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.

December 14, 2012

Banking Supervision to Control Nine Austrian Banks

Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.

December 13, 2012

CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

December 13, 2012

GDP per Capita: Romania and Bulgaria Tail-Lights in EU

GDP per capita varied by one to six across the Member States in 2011. Austria ranks third behind Luxembourg and the Netherlands.

December 13, 2012

WIFO: South Europe Needs Change in Strategy

The Austrian Institute of Economic Research (WIFO) underlines that the austerity policy in South European countries did not help at all.

December 12, 2012

Orange Takeover Finally Approved

After more than ten months, the EU Commission approved the takeover of the third-largest Austrian telecommunication operator by the competitor Hutchison Austria.

December 12, 2012

Austria in Favour of Initiating Accession Negotiations with Macedonia

Austria´s State Secretary Reinhold Lopatka speaks at General Affairs Council in Brussels.

December 12, 2012

„Eurobonds Are No Solution“

Latvia´s Prime Minister Valdis Dombrovskis argues that euro-bonds may be implemented at the end of the convergence process.

December 11, 2012

Turkey: „The EU Needs Us“

On the occasion of a visit in Hungary, Turkey´s Minister of European Affairs Egemen Bagis argued that the EU would benefit from Turkey´s accession.

December 11, 2012

Orange-Takeover: Commission to Announce Decision Next Week

EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.

December 8, 2012

Croatia: EU Scepticism Grows

After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.

December 8, 2012

Czech Republic: Klaus Rejects ESM

Czech Republic´s President refuses to grant consent to the ESM bill.

December 7, 2012

Juncker´s Succession: Faymann Out of the Race

The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.

December 6, 2012

EU Approves State Aid for Hypo Group

The EU Commission has no objections against the state aid with a size of € 1.5bn.

December 5, 2012

Measuring Poverty in the EU: third International EU-SILC Conference in Vienna

The third International Conference on EU Statistics about Income and Living Conditions (EU-SILC) will be opened in Vienna on Thursday, 6 December 2012.

December 5, 2012

„Banking System Becomes More Solid“

The chairman of OeNB (Austrian National Bank) Ewald Nowotny thinks that the banking supervision and the Basel III framework will stabilize the financial markets.

December 4, 2012

Banking Supervision: Fekter Calls for Flexibility

Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.

December 4, 2012

Faymann as Juncker´s Successor?

Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.

December 4, 2012

Rothensteiner: „No Credit Crunch“

Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.

December 3, 2012

"Croatia on the final stretch towards EU membership"

Austrian State Secretary encourages Zagreb to take final steps of reform.

November 30, 2012

Orange-Takeover: One Step Closer to the Goal

Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.

November 27, 2012

“We shall maintain tough position on EU budget until the very end”

Austrian Vice-Chancellor Spindelegger: “unambiguous about Austria’s position on EU financial framework“.

November 22, 2012

Hutchison Austria: Takeover Approved

The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.

November 21, 2012

Hungary: Next Austerity Package Resolved

The Hungarian government is caught between the need to lower the budget deficit and to support economic growth.

November 17, 2012

Steel Industry: „Up to 100,000 Jobs Endangered“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.

November 17, 2012

Treichl: Austria Should Cooperate with CEE Countries

Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.

November 16, 2012

“Austria is a committed partner in the security field”

Austrian Foreign Ministry: New security threats and regional conflicts discussed with Russian National Security Advisor.

November 16, 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

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

South Stream Pipeline: Construction Works to Begin in December

The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.

November 12, 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

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

Latvia Has Best Growth Prospects

Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.

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

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

Unemployment: Austria Ranks First in EU

In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.

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

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

„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

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

Merger Hutchison „3“ and Orange: EU Commission Extends Examination Phase

The Commission announced that the deadline for the deal will be postponed by three weeks.

October 22, 2012

Tusk: Joining Banking Union Only if it Does not Weaken Poland

The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.

October 22, 2012

Austrian Finance Minister and Foreign Minister Support Banking Union

Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.

October 22, 2012