Austrian Economic Policy News and Analysis
Read the latest headlines about policies and laws influencing the business and investment environment of Vienna and Austria
Forbes: “Austere Baltic States Outgrow Their European Neighbors”
Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.
April 17, 2013
Austria and Turkey to Deepen Relations
Justice Minister Karl wants to improve cooperations with Turkey.
April 17, 2013
Moody’s Confirms Bad Outlook for Slovakia
Ongoing difficulties and slow economic growth in Eurozone are the main factors.
April 17, 2013
Rothensteiner: „Strictly Against Discussion“
Head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner is everything else but happy about the current discussion about the bank secret and deposit guarantee.
April 17, 2013
Slovenia to Emerge From Quagmire By Itself?
A recent report by the OECD paints a dim picture of the country’s economic future.
April 17, 2013
„Unlawful“ Farming in Hungary
The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.
April 16, 2013
Austria’s Economy Grows Faster Than Eurozone
Economists of the International Monetary Fund (IMF) are confident for a positive development of Austria’s economy.
April 16, 2013
Czech Republic and Russia to Enhance Economic Relations
Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.
April 16, 2013
Convergence Programme in Hungary: Faster Growth, Lower Deficit
The updated Convergence Programme covering the period 2013-2016 projects faster growth and a lower deficit for the upcoming years.
April 16, 2013
Lithuania Supports Serbia's European Integration
Butkevicius said that Dacic’s visit to Vilnius is an encouraging and positive change in relations between the two countries.
April 16, 2013
Austria: Number of Small-Business Owners Increased Marginally
In 2012, there were around 251,000 one-person-businesses in Austria which is 11,000 more than in 2011.
April 16, 2013
Czech Republic: Finance Ministry Worsens Economic Outlook
In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.
April 16, 2013
Vague Economic Outlook in Poland: Unadvisable to Cut Interest Rates
In an interview with Reuters, member of the Monetary Policy Council (MPC) Elzbieta Chojna-Duch explains why it is problematic for Poland to decide on further cuts in interest rates.
April 16, 2013
Romania: Surplus € 327m in Balance of Payments
Balance of payments and external debt, February 2013
April 16, 2013
Austria: Hypo Group to Come Under Fire
Pressure from Brussel grows for a fast selling of Hypo Group.
April 16, 2013
Hungary: Increasing Tensions Between Barroso and Orban
President of the EU Commission, Jose Manuel Barroso wrote another letter to Prime Minister Orban warning him of the impacts in case the government will not realize the claimed measures.
April 15, 2013
Czech Republic: Fight over Diplomatic Posts
Prague currently sees a duel between ambassadors for the filling of a post. President Milos Zeman and the Foreign Ministry both want to have a say in the final decision.
April 15, 2013
New Fiscal Rules in EU Six-Pack to Benefit CEE5
New fiscal rules should reduce risk of self-defeating austerity. There is no need for CEE countries to raise taxes if they stick to growth-friendly policies and cap real increase of expenditures below 1%.
April 15, 2013
Poland: Appealing BPO Location
Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.
April 15, 2013
Bulgaria: New Coca-Cola Headquarters in Sofia
The world’s largest soft drink producer Coca-Cola is to relocate one of its competence centers from Belgium to Bulgaria.
April 15, 2013
Cyprus Grants Damaged Foreign Investors Citizenship
Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.
April 15, 2013
Slovenia to Sell Two State Enterprises
On a press conference on Friday, Prime Minister Bratusek announced the selling of two state-owned companies, one of them being a bank.
April 13, 2013
Austria: Three Convictions at Immofinanz Process
Former head of Immofinanz, Petrikovics, was sentenced to six years in prison. Co-defendants Schwager and Thornton were sentenced as well.
April 12, 2013
Austia: Stable Industrial Production
Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.
April 12, 2013
EU Threatens Hungary With Process
The EU Commission has warned Hunary with a lawsuit in case the government in Budapest should not withdraw the controversial amendmends to the consititution.
April 12, 2013
EU Examines Bulgarian Electricy Market
On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.
April 12, 2013
Cyprus to Receive More Capital
Cyprus requires more money than expected and will receive it. Head of Eurogroup, Jeroen Dijsselbloem, has promised an examination if money laundering exists.
April 12, 2013
Austria: Congress City Vienna - Record Results in 2012
Austria's capital city is not only a favourite destination for tourists but also a hit with the congress and conference sector.
April 12, 2013
1.4 Million Austrians At Risk of Poverty
According to the most recent EU social report, 1.4m Austrians are at risk of poverty or social exclusion. Social Minister Hundstorfer regards Austria be on the right path in the fight against poverty.
April 12, 2013
Ukraine: Yanukovych Rejects Pardoning Tymoshenko
President Yanokovych does not consider a pardoning as long as trials continue.
April 11, 2013
Cyprus: Bail-Out Package More Expensive Than Thought
The aid-money needed increases from € 17.5bn to € 23bn, according to Cyprian government.
April 11, 2013
Bulgaria: Commission Forcasts Economic Imbalances until 2015
EU Commission: Trend of reducing imbalances in Bulgarian economy is confirmed
April 11, 2013
FDI: Hungary Popular With German Enterprises
The majority of German companies would again choose Hungary for their investments
April 11, 2013
Favorable Outlook on Estonia’s Economy
Estonian economy’s consistent growth will continue in the coming years
April 11, 2013
Fekter: „Austria is a High-Tax Country“
Bank secrecy will be an official issue at the meeting of EU finance ministers in Dublin on Saturday. Fekter criticizes the UK sharply.
April 11, 2013
Austria: Great Demand in Two New Federal Bonds
In a double syndicated loan, the Austrian state has taken out € 4.5bn and issued two new federal bonds.
April 11, 2013
Serbia: Vucic „Deeply Disappointed“
Serbian First Deputy Prime Minister Aleksandar Vucic has given up hope for a new date in June for the beginning of EU accession negotiations. Russian Prime Minister Medvedev expressed support.
April 11, 2013
Croatia to Sell HPB and Croatia Osiguranje
Croatia’s seventh biggest bank and biggest insurance company will soon be privatized. The selling of the stakes is supposed to generate up to € 300m for the state budget.
April 11, 2013
Bad Outlook for Slovenia’s Economy
Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.
April 11, 2013
Cyprus to Sell Gold Reserves
The country has to sell reserves in the amount of € 400m. In the meantime, the banking sector has been cut down to one half of its former size.
April 10, 2013
Eurozone: Refinancing Gap of € 1.2 Trillion
Austrian banks are at EU average and show a finance gap of € 30bn.
April 10, 2013
Poland: Protests At Day of Commemoration
Protesters assembled in Warsaw yesterday to demonstrate against the Russian government that still has not released the evidence
April 10, 2013
Austria: Will Holidays on Thursdays be Abolished?
Minister of Infrastructure, Bures and President of IV announced to discuss the matter.
April 10, 2013
Hungary: Commissioner Reding’s Reactions to Allegations
EU Justice Commissioner and Deputy President of the EU Commission Viviane Reding has reacted to the accusations of the Hungarian government.
April 10, 2013
Estonia and Russia to Enhance Relations
At a meeting on April 5 in St. Petersburg, Estonian Prime Minister Andrus Ansip and his Russian counterpart Dmitry Medvedev focused on the chance of reinforcing cooperations.
April 9, 2013
Austria: How to Finance Future Innovations
„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).
April 9, 2013
Slovakia: Barroso and Fico Examine Effective Use of EU Funds
Barroso pointed out his interest in avoiding losses for Slovakia. Experts are supposed to examine the effective use of funds and Slovakia’s financial engagement.
April 9, 2013
Gazprom to Be Joined By Shell
Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.
April 9, 2013
Austria About to Lose Fiscal Secret
The Austrian government declared to negotiate with the EU about the abanonment of the fiscal secret.
April 9, 2013
Commission Criticizes Austria on Keeping Bank Secret
EU Tax Commissioner Algirdas Semeta considers Austria’s position to hold on to the bank secret and unwilligness to reform as “impossible”.
April 9, 2013
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