Sponsored Content
Austria - European Union Political News
Read the latest headlines about developments in Austrian - European Union (Brussels) politics with reference to the international interest
FPÖ Files Suit Against ESM
The biggest Austrian opposition party files a legal complaint against the European Stability Mechanism (ESM) at the Austrian Constitutional Court.
October 15, 2012
Hungary Wants Foreign Land Owners to Leave
The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.
October 15, 2012
Orban Blames EU for Austerity Cuts
The Hungarian Prime Minister Viktor Orban explains that Hungary has no other choice but to deepen the austerity cuts.
October 13, 2012
EU Wants Austria to Reduce Bureaucracy
The Commission of the EU has presented its concept for the re-industrialization of Europe. Austria is well-positioned, but there is some potential for improvement.
October 13, 2012
Austrian Foreign Ministry Wants “Better coordination for development cooperation”
"No single country can solve all the major problems of our time alone", Austrian State Secretary Reinhold Lopatka said at the "Development Dialogue" event in Parliament today.
October 12, 2012
Orban Rejects Joining Eurozone
The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.
October 10, 2012
Fekter Welcomes Entry into Force of ESM
Austria´s Minister of Finance "No cause for celebration, however, as we are still in the middle of stabilising the Eurozone."
October 10, 2012
Austrian Presents Piorities for the “EU budget of the future”
State Secretary Lopatka in the EU Sub-Committee of the National Council.
October 10, 2012
Financial Transaction Tax to be Introduced
Now, the financial transaction tax has enough supporters. After months of negotiations, eleven EU member countries finally agreed on introducing a financial transaction tax.
October 9, 2012
„Nabucco Is not Dead at All“
The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.
October 9, 2012
Hutchison Tries to Persuade EU Commission
The smallest Austrian telecommunication operator wants the EU Commission to approve the takeover of Orange.
October 8, 2012
Austria Appreciates Portugal’s Efforts of Budget Consolidation
State Secretary Lopatka meets with Portuguese State Secretary for EU Affairs, Luis Miguel Morais Leitão.
October 8, 2012
Support for Financial Transaction Tax Keeps Within Limits
In order to introduce the tax, nine countries must agree thereon. The time pressure is growing.
October 6, 2012
Working Time: Brits and Austrians Work Most
Regarding the weekly working time, Austria ranks second. The share of employees working in the service industry is slightly below the EU average.
October 5, 2012
ESM: Slovakia Pays € 264m
In October, the Slovak government will transfer € 264m to ESM. This will be the first two installments.
October 4, 2012
Fekter Rejects Deposit Protection in EU
At the Alpbach Financial Symposium, Austria´s Minister of Finance Maria Fekter underlined to reject the European deposit protection.
October 4, 2012
EU as „Serbia´s Most Important Market“
The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.
October 4, 2012
Nine Prime Minister Discuss EU Budget in Bratislava
The Prime Ministers of nine countries of Central and Eastern Europe will meet in the Slovak capital on October 5.
October 3, 2012
Fekter: “Greece Shows Progress”
Austria´s Finance Minister praises Greece's efforts to improve its situation.
October 2, 2012
Financial Transaction Tax: Austrian Government Under Pressure
In its last austerity package, the Austrian government has anticipated a financial transaction tax to be introduced in 2014. The time pressure is growing.
October 2, 2012
„Austria Does Not Need Shale Gas“
Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.
October 1, 2012
Fekter Promotes Financial Transaction Tax
The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.
October 1, 2012
Bank Secret: Semeta Criticizes Austria´s Position
According to the EU Commissioner Algirdas Semeta, Austria´s bank secret is “out-dated”. He criticizes that Austria and Luxembourg still reject to give up the bank secret.
October 1, 2012
Austrian Unemployment Continues to Grow
In September, the number of unemployed persons grew by 5% against September 2011. The Euro area unemployment rate came at 11.4%
October 1, 2012
Spindelegger: "Political progress more urgently needed than ever before"
Austria´s Minister of Foreign Affairs meets President of the Palestinian National Authority Abbas and the Foreign Ministers of Tunisia and the United Arab Emirates in New York.
September 27, 2012
“European Union Not Endangered”
Austrian Vice-Chancellor Michael Spindelegger defends the euro at the renowned US university Harvard and emphasises Austria’s performance on the international stage
September 26, 2012
OMV Considers Joining Tanap
The Austrian oil and gas company intends to invest up to $ 7.0bn in the Turkish-Azeri project.
September 25, 2012
“EU administration must be screened for savings potential”
Austrian State Secretary Lopatka repeats Austria’s central demands at the General Affairs Council in Brussels.
September 25, 2012
Waiglein Becomes Director of ESM
Austria´s Minister of Finance Maria Fekter mandates Harald Waiglein as member of the board of directors.
September 22, 2012
Serbia: „EU Cannot Force Us to Recognize Kosovo´s Independence“
The Serbian Prime Minister is ready to continue talks with Kosovo at a higher political level. For the EU, a recognition of Kosovo´s indepence is the precondition for Serbia´s EU accession.
September 22, 2012
Croatian EU-Accession: Slovenia as Obstacle
Slovenia may put a veto on Croatia´s EU accession. Croatia should withdraw lawsuits against the biggest Slovenian bank NLB, Slovenia says.
September 22, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Breuss: „We Must Feed Them All“
The Austrian economist expresses his concerns regarding the second package for Greece.
September 21, 2012
VBAG to Cut More than 1,000 Jobs
Today, the Austrian problem bank announced to sharpen its austerity program radically. Until 2017, VBAG must be downsized to the half of its current size.
September 21, 2012
Austria Claims Financial Transaction Tax
State Secretary Lopatka presents Austria’s positions to EU Commissioner Lewandowski.
September 21, 2012
Austria to Pay higher Contributions to EU
In the next financial period of the EU from 2014 to 2020, Austria´s contribution will increase substantially. Austria calls for keeping the discount system.
September 20, 2012
Westerwelle and Sikorski Want a Stronger EU
The German and the Polish Ministers of Foreign Affairs wrote a common article in The International Herald Tribune.
September 19, 2012
Serbian EU Approach Endangered
The Serbian government rejects making concessions to Kosovo. The EU accession may be damaged, however.
September 19, 2012
Croatia Wants to Join the Eurozone
In July 2013, Croatia becomes the 28th member of the EU. After the accession, the Croatia should join the Eurozone too, the government says.
September 19, 2012
European Commission Approves State Aid for VBAG
The European Commission has today approved the comprehensive restructuring plan developed by Österreichische Volksbanken-AG (VBAG) in the wake of the financial and economic crisis to restore long-term profitability.
September 19, 2012
Fekter: “Spanish Banks Need € 60bn”
According to Austria´s Minister of Finance Maria Fekter, the European Union focuses on Spain. A Greek exit would be no issue anymore.
September 18, 2012
Banking Supervision: Nowotny Warns of Over-Ambition
According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.
September 18, 2012
Klaus: Czechs Against Banking Union
The Czech President notes that the Czech Republic cannot achieve anything without a recovery of the European economy. However, it would be advantageous to stay outside the Eurozone.
September 18, 2012
Implementation of Banking Union to be Postponed
Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.
September 17, 2012
Poland Rejects Joining Banking Union
According to Poland´s Minister of Finance, a common supervision for banks is “not interesting”.
September 17, 2012
Strong Increase in Hourly Labor Costs in Hungary and Romania
Second quarter 2012 compared with second quarter 2011: Euro area hourly labour costs rose by 1.6% and by 1.8% in EU27.
September 17, 2012
Czech Republic: EU-Subsidies to be Cut Massively
Due to EU-aid manipulation, the Czech Republic will lose at least € 1.0bn.
September 15, 2012
Austrian Banks View Savers Protection to be Endangered
The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.
September 15, 2012
Klaus Does Not Want European Federation
The Czech President Vaclav Klaus rejects the idea of the head of the EU-Commission José Manuel Barroso.
September 14, 2012
Austrian Inflation Rate Below EU Average
In August, the official consumer price inflation rate increased by 2.2%. In the Euro area, annual inflation was up to 2.6%.
September 14, 2012
Fast News Search
This category only
