Austrian Economic Policy News and Analysis
Read the latest headlines about policies and laws influencing the business and investment environment of Vienna and Austria
Hungary: Poverty Grows Dramatically
More than 33% of Hungary´s citizens are at risk of poverty. Among the EU countries, Hungary ranks fifth.
January 16, 2013
Nowotny: “The Worst Is Over”
OeNB´s (Austrian National Bank) governor Ewald Nowotny thinks that the economic situation in the Eurozone has become more stable.
January 16, 2013
“Strict rules and monitoring mechanisms for a healthy Europe”
Austria´s State Secretary Reinhold Lopatka discusses EU financial matters with Czech State Secretary Vojtech Belling.
January 16, 2013
Schwarzenberg Will Not Resign as Foreign Minister
The Czech presidential candidate and foreign minister Karel Schwarzenberg announced to remain in office until the second round of the elections.
January 16, 2013
Croatia: One Step Closer to the EU
According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.
January 15, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
"We invite the African Union to open an office in Vienna"
"Austria invites the African Union to establish an office in Vienna in the year marking the 50th anniversary of the African Union.” Austrian State Secretary Lopatka says.
January 15, 2013
New Elections in Slovenia?
The government crisis in Slovenia sharpens. Economists warn of a leftist coalition.
January 15, 2013
Fekter to Present Tax Reform Concept
In May, Austria´s minister of finance Maria Fekter (ÖVP) will present a new fiscal concept.
January 14, 2013
Bank Secret: Brussels Increases Pressure on Austria
EU-Commissioner Algirdas Semeta calls Austria and Luxembourg to give up their blockade against the reform of the interest taxation directive.
January 14, 2013
CESEE: Chakrabarti Expects Stabilization
In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.
January 14, 2013
Slovakia Wants to Strengthen Co-Operation with Austria
After a meeting between Slovak Prime Minister Robert Fico and President of Austria´s National Council Barbara Prammer, both emphasized their willingness to realize more common projects in future.
January 14, 2013
Serbia: Time Pressure Grows
In order to become an EU-member, Serbia must present some substantial progress to Brussels.
January 14, 2013
NBP Expects Further Slowdown
Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.
January 14, 2013
Bulgaria Continues Expansive Monetary Policy
In November money supply measured by means of the aggregate M3 returned to a more accelerated growth: 10.1% on an annual basis, Raiffeisen Research states.
January 14, 2013
Surprise in Czech Republic: Schwarzenberg Just Slightly Behind Zeman
The first presidential election round in the Czech Republic brought a surprise. Zeman ranks first with 24%. Schwarzenberg came in second place with 23%.
January 14, 2013 · Updated: January 14, 2013; 11:22
Romania: Ponta Promises Return to Growth
Prime Minister Victor Ponta underlines the necessity of austerity measures. This year, Romania´s public debt level will increase further, though.
January 12, 2013
Austria: Public Debt Has Reached New High
At the end of 2012, Austria´s financial debt has totaled € 189.5bn. Against 2011, this is an increase of € 6.5bn.
January 12, 2013
Only Small Budget Deficit in Bulgaria
The cumulative balance remained at -0.1% of GDP. Bulgaria only records a minor deficit of BGN 31m, Raiffeisen Research reports.
January 12, 2013
Rostowski Wants Further Interest Cuts
Poland´s Minister of Finance calls NBP (Polish National Bank) to continue the expansive monetary policy
January 11, 2013
Labor Time: Austrians Rank Second in EU
Only employees in the UK record more weekly working hours. On average, the working time came at 41.8 hours per week in Austria.
January 10, 2013
Belka: “We are at the Bottom of the Crisis”
Governor of NBP (Polish National Bank) Marek Belka expects a soon economic recovery.
January 10, 2013
Klaus Meets Merkel
Czech President Vaclav Klaus wants to persuade Merkel to stop the integration process in the EU.
January 10, 2013
Moody´s: Slovak Austerity Plans Not Realistic
According to the U.S. rating agency, the deficit reduction plan may be too ambitious.
January 10, 2013
Fekter: „We Almost Overcame the Crisis“
Austria´s minister of finance stresses the stability of the euro and points out that the economic crisis could be managed.
January 10, 2013
Slovenia: Jansa Receives Support
Slovenian Prime Minister Janez Jansa receives support from his party SDS. The government crisis continues, though.
January 10, 2013
Serbia: Public External Debt Shrinks
In total, public debt grew by 1% in the third quarter of 2012. The debt-to-GDP ratio falls slightly.
January 10, 2013
Lithuania´s Financial Assets Growing Substantially
In the third quarter of 2012, the annual growth rate of Lithuania’s financial assets (6%) exceeded that of liabilities (5%).
January 10, 2013
Serbian Government Emphasizes Need of Austerity
The government in Belgrade has prepared a fiscal consolidation program. In the next years, the public debt quota is expected to decrease slightly.
January 10, 2013
Poland: Euro Introduction Still Unpopular
Polish citizens still reject giving up their national currency. The government wants to persuade the people.
January 10, 2013
Serbia to Sign Loan Agreement with Russia
Tomorrow, Serbia´s Minister of Finance Mladjan Dinkic will visit Moscow.
January 10, 2013
Poland: NBP Cuts Interest Rate Again
Poland´s National Bank has decided to lower the base rate for the third time in a row.
January 10, 2013
Slovenia to Cut Corporate Tax Rate
In order to improve the labor market situation, the Slovenian government has decided cut the corporate tax quota by three percentage points.
January 9, 2013
Czech Republic: Government Crisis Solved
The Czech government remains for the time being. Before, the smallest governing party seemed to leave the coalition.
January 9, 2013
Nowotny Expected to Remain for Full Term
Finance Minister Fekter thinks that Nowotny will not resign before the end of his new term.
January 9, 2013
Slovenia: Government in Crisis
After severe allegations of corruption, Slovenia´s government is under pressure.
January 9, 2013
Central Europe's Relations With the U.S.
Philip H. Gordon from the Bureau of European and Eurasian Affairs at the U.S.-Central Europe Strategy Forum, Center for European Policy Analysis (CEPA) in Washington, DC remarks on the issue of U.S. relations with Central- and Eastern Europe as follows.
January 9, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
NBP Plans Further Interest Rate Cuts
Further interest cuts are likely, NBP´s governor Marek Belka told FT in an interview.
January 8, 2013
OECD Criticizes Austria´s Anti-Corruption Policy
Austria’s enforcement of foreign bribery laws far too weak, but could pick up soon says OECD.
January 8, 2013
Poland: Unemployment Rate Grows Further
At the end of December, Poland´s unemployment quota reached 13.3%.
January 8, 2013
Hungarian Opposition Optimistic to Come to Power in 2014
Hungary´s opposition leader Attila Mesterhazy seems to be convinced that Prime Minister Orban will be replaced in 2014.
January 8, 2013
Serbia: Doubts About Economic Development
Milos Bugarin, President of Serbia´s Chamber of Commerce demonstrates skepticism regarding the economic outlook issued by the government.
January 7, 2013
Rostowski Initiates Debate on Eurozone Accession
Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.
January 7, 2013
Nowotny Remains Governor of OeNB
According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).
January 7, 2013
Austrian Government Bans Speculation
Austria´s Federal government, Austrian provinces and municipal authorities reach agreement on a speculation ban. Finance Minister Maria Fekter: “Comprehensive Package of measures to combat speculation with tax revenues.
January 7, 2013
Hungary: No Mandatory Voter Registration
The Hungarian Constitutional Court rejected the law proposed by the government.
January 5, 2013
Austrian Industry: „Cutting Non-Wage Labor Costs!“
The Federation of Austrian Industries (IV) suggests boosting employment by reducing non-wage labor costs.
January 5, 2013
Aiginger Praises and Criticizes Austria´s Economic Policy
Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.
January 5, 2013
Serbia: Government Expects Recovery
In 2013, the Serbians will not benefit from the economic recovery, Prime Minister Ivica Dacic says.
January 5, 2013
Fast News Search
This category only
