Austrian Economic Policy News and Analysis
Read the latest headlines about policies and laws influencing the business and investment environment of Vienna and Austria
“Using the location Vienna as a bridge between the EU and Latin America”
Austrian State Secretary calls for cooperation in security issues and sustainable energy at the international organisations headquarters in Vienna.
January 28, 2013
54.9%: Zeman Wins
Milos Zeman will become the next President of the Czech Republic. His rival Karel Schwarzenberg has already recognized his defeat.
January 26, 2013
Austria: Kommunalkredit May Become Even More Expensive
According to experts, the bail-out of the Austrian fully nationalized bank is not managed yet. Austrian taxpayers must expect further capital injections.
January 26, 2013 · Updated: January 26, 2013; 20:24
Czech Republic: Zeman Ahead
Today, the run-off election in the Czech Republic has ended. According to first results, the socialist Zeman ranks first.
January 26, 2013
Lithuania to Join Eurozone in 2015
According to Lithuanian Prime Minister Algirdas Butkevicius, the country will introduce the euro in the medium term.
January 26, 2013
Fekter: “Tax Agreement Reached with Liechtenstein”
Austrian Minister of Finance Maria Fekter: "Another big step in the direction of greater tax equity".
January 26, 2013
"Economic boom in Peru opens up opportunities for closer cooperation"
Great interest in Austrian tourism and urban development expertise.
January 25, 2013
EU Wants Austria to Give Up Bank Secret
Commissioner Algirdas Semeta threatens with a complaint against Austria. According tom him, Austria and Luxembourg are blocking the automatic information exchange.
January 25, 2013
Slovenia: Jansa Rejects to Step Down
Despite the deep political and economic crisis, Slovenia´s Prime Minister Janez Jansa is clinging to power.
January 25, 2013
Poland Sells Shares in PKO
The share in the banking group decreases to 31.9%. Further privatizations are planned.
January 24, 2013
Tax Deal with Liechtenstein: Austria Expects Substantial Tax Intake
Austria and its small neighbor country Liechtenstein will sign a tax deal. The treaty between Switzerland and Austria is a role model.
January 24, 2013
Treichl: „BCR Will be Positive this Year“
Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.
January 24, 2013 · Updated: January 24, 2013; 21:58
Slovakia: Public Debt Quota Exceeds 50% of GDP
For the first time since 2000, Slovakia´s public debt level exceeds the 50% threshold.
January 24, 2013
Slovenia: Government Collapses
Yesterday in the evening, the conservative coalition member CL has terminated the co-operation with Prime Minister Janez Jansa´s party SDS. Not only the political situation in Slovenia is precarious, but also the economic outlook is highly uncertain.
January 24, 2013
Romania Needs More Time for IMF-Requirements
The financially stricken country did not implement the planned privatizations. EBRD criticized Romania´s slow progress.
January 23, 2013
Slovenia: Protests Against Austerity Cuts
Due to a general strike, Slovenia comes to a standstill. More than 100,000 public servants protest against social cuts.
January 23, 2013
Spindelegger Criticizes Cameron
Austria´s Foreign Minister: "Not cherry picking but more Europe is the key".
January 23, 2013
Komorowski: Poland Should Join Eurozone in 2015
Poland´s President Bronislaw Komorowski said that the country should decide whether to introduce the euro in 2015.
January 23, 2013
Erste Group´s CEO Wants to Create CESEE Stock Exchange
Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).
January 23, 2013
Fitch: Austria´s Public Debt to Double
Due to the demographic trends, Austria faces a pension shock, Fitch says.
January 23, 2013
Czech Republic: Controversy About Benes Decrees
The second round of the Czech presidential elections is heating up. The candidate Karel Schwarzenberg was criticized harshly.
January 23, 2013
Croatia: Austerity Policy Faces Difficulties
Croatia´s Minister of Finance Slavko Linic thinks that the austerity policy cannot be continued.
January 22, 2013
Slovakia Continues Austerity Measures
Slovak Minister of Economics Tomas Malatinsky underlines that the country must improve its attractiveness for businesses.
January 22, 2013
Austria´s Minister of Finance Pleased With Approval for Financial Transaction Tax
Participating States to present specific model soon, Maria Fekter says.
January 22, 2013
Europe of Tomorrow: The New Way of Thinking
Distinguished participants from industry, politics and the business community such as Václav Klaus, Jerzy Buzek, Franz Fischler, Martin Meyer, Jan Zielonka, Iain Begg, Prince Hans-Adam II of Liechtenstein are currently dicussing this issue in Vienna.
January 22, 2013
“Costs of non-enlargement of the EU would be high”
Austrian Foreign Ministry wants discussion about more involvement of EU citizens in EU policy.
January 22, 2013
Fico: „Privatizations Were Our Biggest Mistake“
Slovakia´s Prime Minister Robert Fico thinks that the austerity policy in Europe is the wrong way.
January 21, 2013
Eder Reaffirms: „European Industrial Sector Is in Danger“
In an interview with the Austrian news magazine “Presse”, voestalpine´s CEO Wolfgang Eder criticizes the European industrial policy sharply.
January 21, 2013
WIFO Wants Higher Property Taxes
Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.
January 21, 2013
Rostowski Calls for Further Interest Cuts
Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.
January 21, 2013
Poland´s Rating Not Endangered
According to the U.S. rating agency Fitch, Poland´s “A-“ rating is “robust”.
January 21, 2013
Vienna Airport Customs Office: Number of Seizures Was Up Significantly
"The Vienna Airport customs office’s annual announcement of its performance statistics once again confirms the outstanding work of Austria’s customs officials." the Austrian Ministry of Finance says.
January 21, 2013
Stepic on Austrian Banking Sector: „There is some Need for Reforms”
In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.
January 19, 2013 · Updated: January 19, 2013; 19:31
Czech Republic: Both Presidential Candidates Want to Join Eurozone
Unlike the outgoing President of the Czech Republic Vaclav Klaus, Milos Zeman and Karel Schwarzenberg are in favor of the euro.
January 19, 2013
Russian Rosatom May Build Nuclear Power Plant in Bohunice
Because of the completion of the Czech nuclear power plants, the Czech energy company CEZ is expected to withdraw from the construction project.
January 19, 2013
Serbia: Dinkic Underlines Importance of South Stream Pipeline
The South Stream pipeline is a “national project” and of vital interest for Serbia, Minister of Economics Mladjan Dinkic says.
January 19, 2013
Klaus Recommends to Vote not for Schwarzenberg
Czech President Vaclav Klaus will stay in office until March. Klaus does not want Karel Schwarzenberg to become his successor.
January 19, 2013 · Updated: January 19, 2013; 15:47
Poland: Credit Line Renewed
The IMF guarantees a credit line of € 26bn to the Polish government.
January 19, 2013
Czech Republic Decides to Enlarge Temelin Power Plant
Today, the Czech Ministry of Environment has approved the enlargement of the nuclear power plant in southern Bohemia.
January 18, 2013
Austria: Corruption Is Costing Taxpayers € 17bn
A report issued by OECD analyzes the economic costs of corruption. In case of Austria, the damage totals about 5% of the GDP.
January 18, 2013
IMF to Visit Serbia Again
The International Monetary Fund underlines that Serrbia must reduce its public debt. At the same time, the government must stimulate economic growth, IMF says.
January 18, 2013
Czech Republic: Czech Government Withstand Another Vote of Confidence
The stability of the Czech government is still doubtful. For the time being, the coalition can deal with the pressure from the opposition.
January 18, 2013
Serbia: Key Policy Rate Raised to 11.50 Percent
At its meeting today, the Executive Board of the National Bank of Serbia voted to raise the key policy rate by 0.25 percentage points to 11.50 percent.
January 18, 2013
Hungary Wants Tax Treaty with Switzerland, Germany and Austria
Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.
January 17, 2013
Croatia: Dispute with Slovenia May Postpone EU Accession
In July, Croatia should become a member country of the EU. However, the legal dispute with Slovenia is still an obstacle. The neighbor country may cause a delay of Croatia´s accession.
January 17, 2013
OeNB Does Not Bring Gold Reserves to Austria
Unlike Deutsche Bundesbank, the Austrian National Bank (OeNB) does not transfer the gold reserves from London back home.
January 17, 2013
New Governor at National Bank of Ukraine
Mr. Mykola Azarov and Mr. Sergiy Arbuzov introduce a new Governor of the National Bank of Ukraine.
January 17, 2013
Euro Exchange Rate: Nowotny Contradicts to Juncker
According to Eurogroup-chief Jean-Claude Juncker, the exchange rate of the euro is “dangerously high”. Nowotny disagrees with Juncker.
January 16, 2013
Euro Introduction: Latvian Government Hopes for Public Support
According to Latvia´s minister of Finance Andris Vilks, at least 50% of Latvian citizens should approve the euro introduction next year.
January 16, 2013
Fast News Search
This category only
