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

Serbia: EU Enthousiasm Kept in Limits

A survey among Serbian citizens about an EU membership reveals weak support.

January 30, 2014

WKO Rejects Further Financial Burdens for Banks

According to the Austrian Chamber of Commerce (WKO), the financial burdens of banking institutes in Austria are significantly higher than those of their competitors in other EU member states.

January 29, 2014

Euro-Introduction: Cutting Debts Precondition for Poland

Finance Minister Mateusz Szczurek stressed that cutting debts was a key condition for Poland before it could be admitted to the single currency union.

January 29, 2014

Austria: Government Makes € 1bn for Hypo Group Available in Budget

Nationalized problem bank Hypo Group Alpe Adria has listed a need for state subsidies in the amount between € 400m and € 900m in this year’s downsizing plan.

January 29, 2014

Spindelegger: “No Exploitation of Resolution Funds”

Among the finance ministers in Europe, there are still different perceptions regarding the bank resolution fund.

January 28, 2014

Austria: Bank Particpation Still Uncertain

It is still unclear whether the Austrian banks will participate in a downsizing construction of Hypo Group. First results will be presented in February

January 28, 2014

“Croatia Going through Very Difficult Period“

The World Bank calls for structural reforms in the Western Balkan state.

January 27, 2014

Restrained Optimism in Polish Financial Market

According to Finance Minister Szczurek, the Polish Financial Market will have to face another challenging year.

January 27, 2014

Croatia: S&P Downgrades Rating

Standard&Poors; has downgraded Croatia’s rating to “BB”. The outloock on the long-term rating for the country is at least “stable”.

January 24, 2014

Austria: OeNB Forecasts Modest Economic Growth

According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.

January 24, 2014

CEE: Economic Sentiment at Lowest Level

ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE at lowest level.

January 24, 2014

Eurozone: Highest Economic Growth in Two Years

The purchase manager index for the private economy increased to 53.2 points up by 1.1 points, as published by Markit research institute on Thursday.

January 23, 2014

Eurozone: Number of Banks Declining Fastly

The decline in the number of euro area monetary financial institutions (MFI) continued in 2013, according to ECB’s (European Central Bank) reports.

January 22, 2014

Austria: Debt Rate Rises Unstoppably

In the third quarter last year the Austrian public debt rate increased significantly compared to the previous quarter.

January 22, 2014

Croatia Supports Albania in EU Accession Course

Albania hopes that EU Accession Negotiations will take place in June 2014.

January 22, 2014

Prices for Houses in EU Dropped Slightly

1.5 percent decrease of house prices in European Union.

January 22, 2014

“No Real Wage Loss This Year“

In terms of real wages, Austria may face a trend reversal this year. In Southeastern Europe, by contrast, poverty is growing considerably.

January 21, 2014

„Only A Catastrophy Will Bring a Change“

Bestselling author Marc Friedrich criticizes the IMF sharply and thinks that the Basel III framework is “ridiculous”. The U.S. monetary policy is “doomed to failure”.

January 21, 2014

Serbia: "Kosovo Part of Whole Package"

Serbia hopes to join the union until the year 2020. The solving of the issue with Kosovo remains a key condition. Austrian Foreign Minister Kurz stresses the importance of the region becoming a part of the European Union.

January 21, 2014

Spindelegger Met Almunia: „Bank Aids Were No Issue“

Today, Austrian Minister of Finance Michael Spindelegger has met Commissioner for competition Joaquin Almunia.

January 20, 2014

Austria: Fischer Calls Upon Respect of Human Rights

At the New Year Reception for the diplomatic corps in Austria, President Heinz Fischer called upon the strict compliance to human rights.

January 20, 2014

Erste Group: Moderate Economic Recovery in Eurozone

Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.

January 20, 2014

Kotian: “Growth in CEE is Accelerating“

In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.

January 20, 2014

$ 1.0trn Capital Shortfall in European Banking Sector?

According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.

January 16, 2014

Expansion Course of Austrian Banks Slowed Down

After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.

January 16, 2014

Citizens from CEE Major Benefit for EU

A current paper published by the OECD shows that the European Union benefits from migration of Eastern European citizens as they compensate imbalances in the labor markets.

January 15, 2014

CESEE: Number of NPL Declining

According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.

January 14, 2014

Nowotny Sees Growth Potential in Eurozone and CEE

According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.

January 14, 2014

Basel III Framework to be Softened

The Basel Committee´s oversight body has amended the leverage ratio rules. For the banking industry, this step is an important success.

January 13, 2014

Eurozone: Further Capital Injections at Banks Expected

The Council of the European Central Bank (ECB) is holding a summit today. The low inflation rate in the Eurozone is still a dilemma for the monetary authorities.

January 9, 2014

RBI Expects Growth to Accelerate in 2014

2014 marked by growth recovery, according to RBI Research.

January 9, 2014

Slovenia: Growth through Diplomatic Network

Slovenian Finance Minister Karl Erjavec assured that throught diplomatic network the country’s economy will still be supported.

January 9, 2014

Hungary Amending Figures of Budget Deficit

Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.

January 8, 2014

Romania: Slight Increase in FX Reserves

In December 2013 FX reserves increased slightly compared to the previous month.

January 7, 2014

European Union: Private Trading of Banks to be Restricted

The European Union intends to severly restrict risky private trading of banks.

January 7, 2014

European Savers in Danger

Already this year, savers in the Eurozone may fear a compulsory tax on deposits, the Danish Saxo Bank says.

January 4, 2014

Eurozone: Number of Bank Credits Keeps Declining

The financial institutes in the Eurozone have been cutting back on granting credits. The lending for both business corporations and private persons has dropped by 2.3 percent.

January 3, 2014

Hungary: MKB Bank Sells Romanian Subsidiary

As announced in a statement Hungarian MKB Bank has sold its entire stake of its Romanian subsidiary.

January 3, 2014

Slovenia: Banking Sector Still in Turmoil

Small banks in Slovenia are reasons for concern in regard to their capital shortfalls.

January 3, 2014

Austria: FMA to Activate Whistleblower Hotline

At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.

January 3, 2014

Massive Change in Banking Landscape

The business model of banks comes more and more under pressure. In the next years, about the half of the bank shops will be closed, banking expert Hans-Gert Penzel predicts.

January 2, 2014

CEE: Economic Sentiment Cautiously Optimistic

The economic sentiment for Eastern European countries is becoming more optimistic, however, only cautiously. Poland is on top of the list of economists at JP Morgan.

January 2, 2014

Austria: Unemployment Rate at Record High

Last year the unemployment rate in Austria recorded its highest level in 60 years.

January 2, 2014

Slovenia: FDI to Remain Low in 2014

No improvement in increasing foreign direct investments in Slovenia is expected this year. The country has one of the smallest shares in inward FDI among EU member countries.

January 2, 2014

„Such Growth Rates Will not Return“

In an interview with the Austrian daily “Presse”, economist Karl Aiginger explains that the worst should be over. The reform pressure on the Austrian government is enormous.

December 30, 2013

Hypo Group: „The Wrong Decisions were Made“

Johannes Ditz, former chairman of the Austrian nationalized Hypo Group Alpe Adria, thinks that the Austrian government could have avoided a massive burden for the taxpayers.

December 28, 2013

Hypo Group: Austrian Government Seems Aimless

Although the restructuring of the nationalized Austrian lender is one of the most pressing issues, the Austrian government could not present a sound concept yet.

December 27, 2013

Austria: Kapsch Delivers Warning to Policy-Makers

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.

December 27, 2013

Serbia to Receive Pre-Accession Assistance from EU

Today the European Commission adopted the 2013 national programme for Serbia under the Instrument for Pre-accession Assistance (IPA).

December 23, 2013

Slovenia: PM Bratusek Confident About Tackling State Debts

Even though the country is expected to issue new state bonds next year to tackle state debts Prime Minister Alenka Bratusek suggested that Slovenia does not require loans immediately.

December 23, 2013