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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
New Fiscal Rules in EU Six-Pack to Benefit CEE5
New fiscal rules should reduce risk of self-defeating austerity. There is no need for CEE countries to raise taxes if they stick to growth-friendly policies and cap real increase of expenditures below 1%.
April 15, 2013
Eurozone: Trade Surplus € 1.3bn Y/Y
Euro area international trade in goods surplus € 10.4 bn
April 15, 2013
Cyprus Grants Damaged Foreign Investors Citizenship
Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.
April 15, 2013
Slovenia to Sell Two State Enterprises
On a press conference on Friday, Prime Minister Bratusek announced the selling of two state-owned companies, one of them being a bank.
April 13, 2013
EU Threatens Hungary With Process
The EU Commission has warned Hunary with a lawsuit in case the government in Budapest should not withdraw the controversial amendmends to the consititution.
April 12, 2013
EU Examines Bulgarian Electricy Market
On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.
April 12, 2013
Cyprus to Receive More Capital
Cyprus requires more money than expected and will receive it. Head of Eurogroup, Jeroen Dijsselbloem, has promised an examination if money laundering exists.
April 12, 2013
1.4 Million Austrians At Risk of Poverty
According to the most recent EU social report, 1.4m Austrians are at risk of poverty or social exclusion. Social Minister Hundstorfer regards Austria be on the right path in the fight against poverty.
April 12, 2013
Cyprus: Bail-Out Package More Expensive Than Thought
The aid-money needed increases from € 17.5bn to € 23bn, according to Cyprian government.
April 11, 2013
Bulgaria: Commission Forcasts Economic Imbalances until 2015
EU Commission: Trend of reducing imbalances in Bulgarian economy is confirmed
April 11, 2013
Fekter: „Austria is a High-Tax Country“
Bank secrecy will be an official issue at the meeting of EU finance ministers in Dublin on Saturday. Fekter criticizes the UK sharply.
April 11, 2013
Austria: Great Demand in Two New Federal Bonds
In a double syndicated loan, the Austrian state has taken out € 4.5bn and issued two new federal bonds.
April 11, 2013
Serbia: Vucic „Deeply Disappointed“
Serbian First Deputy Prime Minister Aleksandar Vucic has given up hope for a new date in June for the beginning of EU accession negotiations. Russian Prime Minister Medvedev expressed support.
April 11, 2013
Bad Outlook for Slovenia’s Economy
Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.
April 11, 2013
Cyprus to Sell Gold Reserves
The country has to sell reserves in the amount of € 400m. In the meantime, the banking sector has been cut down to one half of its former size.
April 10, 2013
Eurozone: Refinancing Gap of € 1.2 Trillion
Austrian banks are at EU average and show a finance gap of € 30bn.
April 10, 2013
Austria: Will Holidays on Thursdays be Abolished?
Minister of Infrastructure, Bures and President of IV announced to discuss the matter.
April 10, 2013
Household Assets in Austria Lower Than in Spain
The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.
April 10, 2013
Hungary: Commissioner Reding’s Reactions to Allegations
EU Justice Commissioner and Deputy President of the EU Commission Viviane Reding has reacted to the accusations of the Hungarian government.
April 10, 2013
Austria: Significant Increase in Exports
Imports Increased by 0.3 %. Exports Increased by 7.1 %. According to preliminary results by Statistics Austria, total imports amounted to € 10.31 bn and total exports amounted to € 9.96 bn in January 2013.
April 10, 2013
Slovakia: Barroso and Fico Examine Effective Use of EU Funds
Barroso pointed out his interest in avoiding losses for Slovakia. Experts are supposed to examine the effective use of funds and Slovakia’s financial engagement.
April 9, 2013
Austria About to Lose Fiscal Secret
The Austrian government declared to negotiate with the EU about the abanonment of the fiscal secret.
April 9, 2013
Commission Criticizes Austria on Keeping Bank Secret
EU Tax Commissioner Algirdas Semeta considers Austria’s position to hold on to the bank secret and unwilligness to reform as “impossible”.
April 9, 2013
Fekter: “I Will Fight to Preserve Banking Secrecy in Austria!”
“Data protection is a valuable institution. We will continue to protect innocent citizens, but will also continue to lead the way in pursuing tax evaders.”
April 8, 2013
Russia to Contribute to Cyprus Aid-Package
President Vladimir Putin has announced that Russia will contribute to rescue-package for Cyprus.
April 8, 2013
Austria: Unemployment Rate to Remain High
According to AMS, the public employment service in Austria, the unemployment rate will stay on the high level it shows right now. The labor market situation will only ease in 2016.
April 8, 2013
Concern About Hypo Group in Friuli
MEP Serracchiani has requested to get involved in the current affairs.
April 8, 2013
ILO Warns of Social Unrest in Europe
Because of the continuing high figures in unemployment in great parts of Europe, experts warn of social unrest.
April 8, 2013
Barroso: „Existantial Crisis is Over“
President of EU Commission Jose Manuel Barroso came to Vienna to meet with Austrian Chancellor Werner Faymann and Foreign Minister Michael Spindelegger.
April 6, 2013
Matolcsy’s Program Evokes Mixed Feelings.
During a press conference on Thursday, April 4, new Govenor of Hungarian National Bank (MNB), György Matolcsy presented some of the “creative financial market instruments”.
April 6, 2013
Investigation Report Incriminates Managers of Bank of Cyprus
Mass purchase of Greek state bonds and removing of data.
April 5, 2013
Decisions About Hypo Group’s Future Still Pending
Finance Minister Maria Fekter has presented herself rather reserved after the meeting with EU Commissioner for Competition Joaquin Almunia.
April 5, 2013
Fekter Defends Austrian Bank Secret
With the reference to the agreement with Switzerland and Lichtenstein, Finance Minister Fekter tries to convince the EU Commission to leave the Austrian bank secret at the current situation.
April 5, 2013
Austria: Fekter Craving for Indulgence in Brussels
Austrian Finance Minister Fekter will be in Brussels on Friday to negotiate about the privatization of the nationalized-by –force Hypo Group.
April 4, 2013
Turkey’s Hopes of a Reunited Cyprus
The financial crisis in Cyprus is, according to Turkish President Abdullah Gül, an important opportunity to overcome the seperation of Cyprus.
April 4, 2013
Cyprus: Evidence Destroyed?
According to reports by the media in Cyprus, important evidence about the heavily affected Bank of Cyprus was destroyed.
April 4, 2013
Keuschnigg Forecasts End of Bank Secret in Austria
Head of the Austrian Institute for Advanced Studies (IHS), Christian Keuschnigg expects the end of the bank secret in Austria.
April 3, 2013
Law Files Against Bulgaria from EVN and CEZ.
Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.
April 3, 2013
Romania: Ponta Endorses Regionalization
Regionalization, which is encompassed in the constitutional reforms, is supposed to help improve the administrative situation in Romania.
April 3, 2013
Slovakia: Industrial Production Increases by 4.1 %
Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.
April 3, 2013
Cyprus: Prone to Recession
Despite of the bail-out package, the country is threatened by a deep recession in the coming two years.
April 3, 2013
Referendum in Poland about Joining Eurozone
Last week, Prime Minister Donald Tusk offered a vote on a referendum about the adoption of the Euro in Poland. A simple majority needed for a decision could settle the issue.
April 2, 2013
Green’s Fear of Russian Black Money in Austria
Once more, the Austrian Greens insist on a reform of the bank secrecy.
April 2, 2013
Cyprus: Finance Minister Steps Down
According to reports by the media, Finance Minister of Cyprus, Michael Sarris will be replaced.
April 2, 2013
Lithuania and Latvia Preparing for Euro
The Baltic finance ministers emphasize sustainable growth and euro importance.
April 2, 2013
Bulgaria: Budget Deficit Amounting to BGN 732.0m
The budget balance under the Consolidated Fiscal Programme (CFP) as of end-February 2013 is negative, amounting to BGN 732.0 million.
April 2, 2013
Cyprus: Anastasiades Comes Under Suspicion
President Nikos Anastasiades is in dire straits as he is accused of having transferred huge amounts of money to foreign countries and having warned relatives. In the meantime, the austerity package is almost set.
April 2, 2013
Slovenia: “We Will Need No Bailout This Year”
Since Greece, Spain and Cyprus are currently finding themselves in disastrous economic situations, Slovenia does not want to seem like the next bail-out candidate.
March 30, 2013
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