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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
Hypo Group to Get a Bad Bank?
Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.
April 30, 2013
Lopatka: „Poland Important Economic Partner and Ally of Austria in EU“
Austrian State Secretary encourages bilateral relations and trade between the two Central European countries as well as improved relations between EU and US.
April 30, 2013
Joint Energy Diversification Plans for Ukraine and EU
Ukraine and EU share Energy Diversification Plans - Energy Community Official.
April 30, 2013
Austria Still With Lowest Unemployment Rate
Euro area unemployment rate at 12.1%. EU27 at 10.9%
April 30, 2013
Austria: Government Shows Unanimity About Banking Secret
Fekter criticized Social Democrats.
April 30, 2013
Cyprus: Parliament to Vote on Bail-Out Package Today
Narrow majority of MPs expected to vote in favor.
April 30, 2013
Asmussen: “New Eurozone Members Will Reap Benefits of Initial Phase”
CEEs and The Crisis: Current Challenges and Benefits
April 30, 2013
2013 IIF Annual Meeting of Central and East European Bank Chief Executives
The 2013 Annual Meeting of Central and Eastern European Bank Chief Executives, hosted by Deutsche Bank AG, will take place on April 28-30 at Deutsche Bank’s office in Berlin.
April 29, 2013
Selling of Hypo Group Would Cost Austria Dearly
The selling of Hypo Group would cost the Austrian state around € 16bn.
April 29, 2013
„Slovenia Can Manage On Its Own“
In an interview with Austrian newspaper Kurier, President of the Slovenian Bankers Association France Arhar stresses that Slovenia is not the new Cyprus.
April 29, 2013
EU Ready to Adopt Measures Over CEZ in Bulgaria
Van Rompuy promised to take actions during his visit in Prague.
April 29, 2013
Eurozone: Household Savings Rate Decreased Significantly
Household saving rate down to 12.2% in the euro area and to 10.7% in the EU27. Household real income per capita fell by 1.1% in the euro area.
April 29, 2013
Business Investment Rate Decreased 19.7 % in Eurozone
Business investment rate down to 19.7% in the euro area and to 19.6% in the EU27. Business profit share down to 37.7% and 37.3% respectively
April 29, 2013
Tax Burden: Austria Above EU Average
The overall tax-to-GDP ratio in the EU27 up to 38.8% of GDP in 2011. Labour taxes remain major source of tax revenue.
April 29, 2013
Austria: Solution for Bank Secret Issue Until May 22
After the recent turbulances within the Austrian government coalition, Chancellor Werner Faymann hopes to find an agreement with the EU concerning the bank secret until May 22.
April 29, 2013
Van Rompuy Encourages Romania to Become Eurozone Member
During his one-day visit to the Romanian capital, President of the European Council Van Rompuy noted Romania’s progress and stressed the importance of a banking union within the Eurozone.
April 26, 2013
EU Commission to Start Proceedings Against Hungary
On Wednesday, Justice Commissioner Viviane Reding told reporters in Brussels that the EU Commission will probably launch infringement proceedings against Hungary.
April 26, 2013
Austria: Faymann Betrays Ignorance
Chancellor Faymann claims not to have known about the controversial letter which has reached the media yesterday. He fears that Austria would now become a “laughingstock”.
April 26, 2013
Austria: Four Conditions For Commission In Return for Bank Secret
In a letter to Tax Commissioner Semeta Austrian Finance Minister Fekter and Chancellor Faymann set the conditions for the agreement of a negotiation mandate with third countries about the exchange of information.
April 25, 2013
Austria: Green’s Motion of Censure Denied
The Green Party’s motion of censure against Finance Minister Fekter was denied by almost all parties in the National Assembly.
April 25, 2013
Poland to Support Serbia's European Integration
Dacic and Tusk agreed on improving cooperations, enhancing bilateral trade and increase Polish investments in Serbia.
April 25, 2013
Poland: Public Deficit Targed Missed
Rowstowski does not expect the excessive deficit procedure to be lifted.
April 24, 2013
Ukraine and Ireland to Sign Double Tax Agreement
Ukraine and Ireland signed a Double Tax Agreement in Kyiv during the official visit of Irish Minister of State at the Department of Finance Brian Hayes.
April 24, 2013
Austrian Greens Put Forward Motion of Censure Against Fekter
The Austrian Greens intend to file a motion of censure against Finance Minister Maria Fekter. Party Leader Eva Glawischnig announced a “match of Greens against Fekter”.
April 24, 2013
Romania: Criticism from EU for Budget Projection
The EU Commission criticizes Romania’s budget projections for the use of EU funds in the time frame between 2014 and 2020.
April 24, 2013
Albania: Under EU’s Watch
Brussels called for further modernizations of the judiciary in Albania before the EU considers Accession talks with the country. Futhermore the union announced to keep a close eye on the elections in June.
April 24, 2013
EU Commission Waiting For Austria’s Decision
The EU Commission expects a uniform stance in regard to Austria’s bank secret and the transition to automatic exchange of information.
April 23, 2013
Nowotny Concerned About Reputation of Austrian Banks
Ewald Nowotny, Govenor of the Austrian National Bank (OeNB), is critical towards the continuing debate about keeping the bank secrecy. He fears that doubts in the integrity of the domestic banking sector could emerge.
April 22, 2013
Former Polish President: “EU Needs Ukraine”
In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.
April 22, 2013
Eurozone: Government Deficit Decreased to 3.7 % in 2012
Euro area and EU27 government deficit at 3.7% and 4.0% of GDP respectively. Government debt at 90.6% and 85.3%
April 22, 2013
EU Accession Date for Serbia Voted on Today
On Friday, heads of Serbian and Kosovar government Ivica Dacic and Hashim Thaci have come to an agreement under the the special guidance of EU Commissioner for Foreign Affairs Catherine Ashton.
April 22, 2013
Austria: National Assembly to Vote on Bail-Out Package for Cyprus
In order for Cyprus‘ bail-out package to become effective, many national parliaments have to vote in favor of it. Austrian’s opposition is against it.
April 22, 2013
Czech President to Visit Austria
New President of the Czech Republic Milos Zeman is going to visit Austria with his wife Ivana Zemanova on Tuesday and Wednesday.
April 22, 2013
EU Countries to Use Ukrainian Gas Storage Facilities
EU Countries Show Interest in Ukraine’s Gas Transportation System
April 19, 2013
Serbia: Agreements in Kosovo Negotiations
Commissioner Ashton announced that both countries have found an arrangement.
April 19, 2013
9.2 Million EU Citizens Wish To Work More Hours
Labour Force Survey: Proportion of underemployed part-time workers up to 21.4% in the EU27 in 2012
April 19, 2013
Schwarzenberg: „Slovenia Joining V4 Would Not Be Efficient“
V4 Foreign Ministers have declared disapprobation of Slovenia joining the group.
April 19, 2013
EU27: Surplus of € 21.8bn in Last Quarter of 2012
Second estimate for the fourth quarter of 2012 EU27 current account surplus 31.4 bn euro 36.2 bn euro surplus for trade in services.
April 19, 2013
Rehn: Slovenia Has to Take Actions Immediatly
EU official presses Slovenia to restructure its banking industry to evade bailout.
April 19, 2013
Cyprus: Increase of Taxes Resolved
The Cyprian parliament has voted for an increase of taxes. Among other things, business taxes will increase from 10 % to 12.5 %.
April 19, 2013
Belgrade: Ready to Accept Agreements
Ninth round of Belgrade-Pristina dialogue ended with no agreement
April 18, 2013
Heated Debate in EP About Hungary
On Wednesday, the European Parliament has lead a heated debate concerning the controversial amendments to the Hungarian constitution.
April 18, 2013
Croatia Looking at EU Through Rose-Tinted Glasses
On July 1, Croatia will be joining the EU as 28th member state. Croatia is the first country after the economic crisis to become a member of the Union.
April 17, 2013
First EU Bail-Out Funds for Cyprus in Mid-May
The € 10bn worth bail-out package for Cyprus will become effective in the next few weeks, according to the Irish EU Presidency.
April 17, 2013
IMF Warns Eurozone of Ongoing Risks to Economic Stability
The International Monetary Fund has warned the Eurozone in a Global Financial Stability Report, urging for a reforming zeal and restructuring of weak banks.
April 17, 2013
Forbes: “Austere Baltic States Outgrow Their European Neighbors”
Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.
April 17, 2013
Poland: Favorable Forecast Despite of Recession in 2013
Poland’s economy is the biggest among the younger member states and continues to grow even with the current recession.
April 17, 2013
Rothensteiner: „Strictly Against Discussion“
Head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner is everything else but happy about the current discussion about the bank secret and deposit guarantee.
April 17, 2013
Slovenia to Emerge From Quagmire By Itself?
A recent report by the OECD paints a dim picture of the country’s economic future.
April 17, 2013
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