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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
Austria Stresses Balance Between Growth and Austerity
At the negotiations on the EU financial plan 2014 – 2020 in Denmark, Austria proposes to establish a growth fund accessible to SMEs.
June 13, 2012
Monti Angry at Fekter
Italy´s Prime Minister Mario Monti is unhappy with the statement of Austria´s Finance Minister Maria Fekter on Italy. Fekter considered that Italy may need help by the EU.
June 12, 2012
Austria to Strengthen Cooperation with Baltic States
Austrian State Secretary meets the Speaker of the Latvian Parliament and underlines Latvia´s successful austerity course.
June 12, 2012
Spain: „ESM would be a Better Safeguard“
Austria´s Minister of Finance Maria Fekter wants Spain to call for aid via the ESM.
June 11, 2012
Austria Promotes Political Cooperation in Black Sea Region
Conference in Tbilisi discusses issues of management of institutional administration and rule of law.
June 11, 2012
EU-Crisis: Austrian Government Underlines Necessity of „Solidarity“
The Austrian State Secretary Wolfgang Waldner calls for a centralization of economic and financial policies.
June 8, 2012
Kommunalkredit Sale: Austria Hires Morgan Stanley
The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.
June 6, 2012
„Bank Union is Still Far Away“
Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.
June 6, 2012
Russians Push New Railway Line to Vienna
Russian Railways intends to establish an axis between China and Europe.
June 4, 2012
Spindelegger: “Great respect for future-oriented decision taken by Ireland”
The Austrian Vice Chancellor congratulates his Irish colleague Eamon Gilmore on the outcome of the referendum.
June 4, 2012
Trade Unions Wants „Just Taxation“
The Austrian Trade Unions warn of a strict austerity policy and pushes for growth stimulating measures.
June 2, 2012
EU Calls on Austria to Accelerate Reforms
Austria has to put more effort in reforms. In the fields of education, labor market, retirement plan and budget consolidation, Austria shows deficits.
June 1, 2012
Treichl: „Spain Needs Help“
The CEO of theAustrian Erste Group Andreas Treichl is in doubt whether Spain may conquer the crisis without help. Regarding Greece, Europe has to pay anyway, Treichl thinks.
June 1, 2012
More than 300,000 Unemployed
The situation of theAustrian labor market remains tensioned. At the end of May, 300,000 persons did not have a job.
June 1, 2012
Economic Balance: EU Warns Austria
The Commission of the EU issues an early warning for Austria as the thresholds of three macro-economic indicators were exceeded.
May 31, 2012
OeNB Reacts to EU-Commission´s Critique
The EU Commission warned Austria of the big lending exposure in Eastern Europe. According to the Austrian Central Bank, the CESEE region must be seen differantiated.
May 31, 2012
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 31, 2012
Austrian Industry: „Growth Instead of Redistribution“
After the Austrian Chamber of Labor claimed he Federation of Austrian Industry underlines that Austria has the highest redistribution quota among OECD members.
May 30, 2012
Exposure in Eastern Europe Remains Austria´s Weak Point
The Commission of the European Union warned Austria of the big exposure of domestic banks in Eastern Europe. Moreover, the austerity package was criticized.
May 30, 2012
Austrian Proposal for EU Growth and Innovation Fund
In-depth discussion at the General Affairs Council on the multi-annual financial framework of the EU. Austria pushes for more economizations.
May 30, 2012
Switzerland: Resistance Against Tax Deal with Austria
Swiss parties are against the tax agreement with Austria. The social democrats and the Swiss People´s Party oppose the plan.
May 29, 2012
The Euro - A Big Error (Part 3)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 29, 2012
"Europe Needs Economic Growth and Budget Discipline“
Structural reforms are necessary to make Europe sustainably more competitive, Christoph Leitl, President of Austria´s Chamber of Commerce (WKO) says.
May 26, 2012
Fekter Emphasizes: „Eurobonds Do Not Solve Debt Problem“
Maria Fekter, Austria´s Minister of Finance, thinks that the idea of common bonds is no real solution, but only symptom fighting.
May 26, 2012
Fekter: “Strengthen Partnership with Eastern Neighbours”
Austria´s Finance Minister Maria Fekter emphasizes the necessity of a closer political and economic integration needed with partners in the East.
May 26, 2012
The Euro – A Big Error (Part 2)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 23, 2012
Austrian Industrial Sector Pushes for Austerity
The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.
May 22, 2012
Fekter: Hollande´s Suggestions are “Nonsense”
Vice-Chancellor Spindelegger and Finance Minister Fekter are strictly against the introduction of Eurobonds and any amendments of the Fiscal Treaty.
May 22, 2012
Rothensteiner: Return to Drachma would be „Utter Chaos“
The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.
May 21, 2012
The Euro – A Big Error (Part 1)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 20, 2012
Downsizing Program at Hypo Tirol
After the major losses in 2011, the Austrian regional bank is obliged to withdraw from Germany, Switzerland and Italy.
May 19, 2012
Bank Secret: EU Commission is Frustrated
The European Commission is dissatisfied with Austria´s and Luxembourg´s blockage of the interest taxation directive.
May 16, 2012
Austria´s Bank Secret Endangered
„I will withstand.“ Maria Fekter, Austria´s Minister of Finance said. The resistance against the EU directive on the taxation of interest will not be given up, Fekter reaffirmed.
May 15, 2012
Passenger Growth: Vienna Airport Ranks Second
Regarding growth in number of passengers, only Copenhagne Airport could record a higher increase than Vienna Airport.
May 14, 2012
„Combining Austerity and Growth Measures“
The Austrian Minister of Economics and the President of the Austrian Chamber of Commerce claim a European growth strategy without turning down austerity policies.
May 11, 2012
Constant Rise in Austrian Research Spending
Austrian spending on research and development is set to increase by 4.2% in 2012 to reach € 8.6bn.
May 10, 2012
Raiffeisen Against Bank Insolvency Act
The Austrian government announced to introduce a bank insolvency act in summer. Raiffeisen wants a European solution.
May 9, 2012
Orange Takeover: T-Mobile Claims Legal Restraints
According to the Austrian subsidiary of Deutsche Telekom, the takeover of the third-largest Austrian telecommunication service provider would lead to a distortion of competitions.
May 8, 2012
Leitl: „EU Needs Budget Consolidation and Growth Measures“
The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.
May 5, 2012
Decent Growth in Austrian Retail Trade Sector
Sales rose by 2.3% for Austrian retail trade in the first quarter 2012.
May 4, 2012
ESM: The Final Ruin of Europe
Solidarity with financially stricken EU countries cannot justify the irrevocable loss of national sovereignty. The transfer union will only work until the financial collapse of Germany and Austria.
May 2, 2012
Austrian Unemployment Still Lowest in EU
The EU unemployment rate rose to 10.9% in March 2012 from 9.9% the year before. Since 2000, taxes on labor rose dramatically in Austria.
May 2, 2012
Unemployment Rises by 6.7%
In Austria, the number of unemployed persons rose up to 321,817 in April. Simultaneously, employment reaches a new record level.
May 1, 2012
Austria Strengthens Political and Economic Cooperation with South Asia
The Austrian State Secretary Wolfgang Waldner attends 19th EU-ASEAN Ministerial Meeting in Brunei.
April 30, 2012
“Russia now among top 10 Austrian Trading Partners”
Austrian Foreign Minister Spindelegger meets with Russia’s Deputy Prime Minister Zubkov.
April 25, 2012
Austria Wants to Raise Efficiency in EU Funds
The Austrian State Secretary Waldner participates in the negotiations of the EU financial framework 2014-2020 and calls for setting a regional and environmental course.
April 25, 2012
Austria to Intensify Cooperation with Croatia
The Austrian Minister of Economics met his Croatian counterpart in Vienna. Above all, the EU-accession and investments were discussed.
April 24, 2012
Labor Costs: Austria in the Upper Third
Hourly labor costs ranged between € 3.5 and € 39.3 in the EU27 Member States. In Austria, labor costs reach € 29.20.
April 24, 2012
Austrian Ministry of Finance Records Higher Tax Intake
In the first three months of 2012, tax proceeds were up by 3.8%. The Ministry of Finance registered revenues of € 16.2bn.
April 23, 2012
Fekter meets British Chancellor of the Exchequer Osborne
The Austrian Minister of Finance Maria Fekter and George Osborne talked about Basel III, the EU budget and taxation.
April 23, 2012
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