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Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments


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