Sponsored Content
Vienna International Business News | Economic | Investment | Financial
Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments


Provisional number of new passenger car registrations in May 2010: -1.9%

According to provisional results, a total of 29167 new passenger cars were registered in May 2010, representing a decrease by 1.9% compared to May 2009.
June 1, 2010


Annual Economics Conference of the OENB discusses “Central Banking after the Crisis”

Each spring, the Economics Conference of the Oesterreichische Nationalbank (OeNB) provides a forum for policymakers, academics and the interested public to discuss topical issues in economic policy.
May 31, 2010


Eurostat confirmed steady deterioration of Austria to the electricity and gas prices

The European Statistical Office (Eurostat) recently released the latest budget for electricity and gas price.
May 31, 2010


Telekom Austria approves dividend of 75 cents

Austria's telecommunications service provider Telekom Austria decided at its regular meeting today, a dividend of 0.75 euros for 2009.
May 28, 2010


The transport volume in road freight transport decreased in 2009 by almost 9%

According to calculations by Statistics Austria 336.6 million tons of goods were transported by road vehicles for the transport of goods registered in Austria on 26.0 million laden journeys.
May 28, 2010


Women’s Report 2010 - Women’s earnings still lower than men’s

Women earn 25.5% less than men in Austria. This is the result of an analysis carried out by Statistics Austria on the situation of women in Austria for the "Women’s Report 2010".
May 28, 2010


Austrian federal government is now sole owner of the Federal Reserve

The price fluctuations in international currency markets helped the Austrian National Bank (OeNB) in 2009 to a strong profit increase.
May 27, 2010


Petrol price boards

Last summer’s petrol price regulation came into force, whereby the oil companies can raise prices only once a day. This should be extended in an improved form.
May 27, 2010


New FMA standards against money laundering

In the future, all transfers in Austria can be traced back; donations to certified organizations and payments of up to € 1000 are exempt.
May 27, 2010


OeNB Raised its Operating Profit to EUR 318 Million in 2009

In 2009, the Oesterreichische Nationalbank (OeNB) achieved a somewhat higher operating profit than in 2008.
May 27, 2010


Austria's energy - unilateral emission reduction not purposeful

“The European Commission’s statement on a planned unilateral act on emission reduction is rejected by the Austrian energy sector, "said Secretary General Schmidt.
May 26, 2010


Leitl - No to Bank tax charged - European financial transaction as better solution

"The economy needs a permanently stable financial system. But not at the expense of savers and Investors"
May 26, 2010


Jank - Vienna also requires No. 1 for business friendliness

Chamber of Commerce Vienna President Brigitte Jank is delighted about Vienna’s top spot in the current Mercer survey. For international managers, Vienna continues to claim the title as the city with the highest quality of life.
May 26, 2010


Mitterlehner referring to OECD forecast - Export strength is key to real growth

OECD provides good evidence from Austria - to promote exports even further to play off long-term growth projection.
May 26, 2010


Austria - Economic Outlook Country Summary

The recovery is expected to gather momentum in 2010 and 2011 as foreign demand firms and policies remain broadly supportive.
May 26, 2010


ÖGPI gas price index rises in June

The Austrian gas price index - ÖGPI (C) - recorded a rise for June from the previous month.
May 25, 2010


Production Index in March 2010: -2.8% compared to March 2009

The seasonally adjusted production index for the Production Area (NACE 2008 B - F) recorded on the basis of 2005, according to calculations by Statistics Austria in March 2010, a 2.1% decrease compared to February 2010.
May 25, 2010


ÖBB (Austrian Nationalised Railway) - Bures: Save three billion €

Infrastructure Minister Doris Bures announced structural adjustments of various railway projects. As for the Brenner Base Tunnel, long-term financing is difficult to secure.
May 25, 2010


Solo attempt at transaction tax is possible says Chamber of Labour

"At purchase of every sausage roll a value-added tax is due, then why don’t financial speculators have to pay no sales tax for market transactions?
May 21, 2010


Austria’s fuel prices below EU-average

The Federal Ministry for Economic Affairs and Youth published the fuel price monitor of the European Commission...
May 21, 2010


Mitterlehner - IMD-Ranking as a confirmation of Austria’s growth

Minister of Commerce Reinhold Mitterlehner welcomes the better position of Austria in IMD's ranking of Competitiveness.
May 21, 2010


ICCA publishes country and city rankings 2009

U.S.A. and Vienna still most popular association meeting destinations.
May 20, 2010


Stock Exchange opposes government’s attempt policy regarding introduction of transaction tax

Austria Stock Exchange expresses vehement discontent with the Austrian government’s intention to introduce the transaction costs in a solo attempt.
May 20, 2010


Solo attempt as an infringement of regulation

It sounds uneventful, also hardly known by relevant experts however contains explosive substance in the context of the debated transaction tax.
May 20, 2010


Vienna fuel-price summit on 27 May

According to the Austrian Times, there will be a fuel-price summit at the economy ministry on 27 May, it was announced today .
May 19, 2010


ÖAMTC - oil price are at September 2009 rates but fuel prices are 17 cents higher

Oil prices are decreasing in price however fuel prices are rapidly increasing. Crude oil prices are at levels of September 2009. At the time average prices for diesel were at €0.953 while “Super” was sold at €1.051.
May 19, 2010


Mitterlehner relaxed about Euro crisis

People’s Party (ÖVP) Minister Reinhold Mitterlehner has said he will "observe the Euro crisis in a relaxed manner for the next few weeks."
May 19, 2010


National Council pro "Euro security shield"

Social Democrats SPÖ, People Party ÖVP and Green Party members Van der Bellen and Moser vote pro coalition while the freedom party rejects the referendum.
May 19, 2010


Less mergers and acquisitions (M&A) in Austria

247 mergers and acquisitions in 2009, value of €11b, two-thirds were cross-border.
May 18, 2010


Transaction tax - SPÖ plans a referendum

The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.
May 18, 2010


Inflation at 2 per cent in April

Austria’s inflation rate remains constant at 2 per cent in April compared to March. Without driving price developments of petroleum products (+23 per cent), inflation rate would register 1,1 per cent according to “Statistik Austria”.
May 18, 2010


WIFO-head - transaction tax yes, but not solo

If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.
May 18, 2010


Transaction tax is favourable to bank tax according to WIFO

According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.
May 17, 2010


Austrian health insurance sector recorded a small deficit

After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.
May 17, 2010