Sponsored Content
Austrian Economic News and Analysis
Read the latest headlines about Austria's economy, including news on inflation, growth domestic product (GDP), nation's debt and labor market
Austrian Economy: Slowdown, But No Recession
The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.
January 26, 2012
S&P Downgrades Austrian Provinces
The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.
January 26, 2012
Treichl: „S&P Errs Sometimes“
Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.
January 25, 2012
Erste Group: “Debt Crisis Continues”
According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.
January 25, 2012
Scharinger: „Rating Agencies Are Instruments of Torture“
The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.
January 24, 2012
“Europe, quo vadis?”
Today, the 9th Vienna Congress com•sult takes place in Vienna. The central issue “Challenges of Leadership in Europe” is discussed, among others, by Lech Walesa, Hans-Dietrich Genscher and Avigdor Liberman.
January 24, 2012
Strache Claims Cut in Subsidies
The chairman of the Austrian opposition party FPÖ criticized the government fiercely for its fiscal policy.
January 23, 2012
Leitl: „Croatians are Most Welcome“
The President of the Austrian Chamber of Commerce is looking forward to Croatia´s EU accession in 2013.
January 23, 2012
Low Growth Rates Expected after 2012
In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.
January 23, 2012
New Record in Agricultural Exports
In 2011, Austrian food exports exceeded € 9.0bn for the first time.
January 21, 2012
Austerity: Unions Versus Industrialists
The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.
January 21, 2012
Loss of “AAA“: Austrians Blame Politicians
For Austrians, the government did not take the threat of losing the “triple-A” serious enough.
January 20, 2012
Significant Decrease in Security Holdings
In 2011, the volume of securities held by Austrian household declined substantially, which is due to the fall in share prices.
January 20, 2012
Austrian Banks Claim to Continue „Vienna Initiative“
In 2009, international banks agreed on maintaining their lending operations in Eastern Europe. Now, the cooperation should be extended.
January 18, 2012
Growth of CEE Banking Sector Above European Average
2012 should remain a challenging year for CEE banking, with regulatory changes and European debt crisis as main risk factors, but Western European banks´ deleveraging should be a manageable drag.
January 18, 2012
Signs for Economic Stabilization
The Austrian Central Bank (OeNB) sees signs that the economic downturn trend can be stopped. A small growth in 2012 could be possible.
January 17, 2012
Government to Sharpen Austerity Measures
After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.
January 17, 2012
Inflation Reached 3.3% in 2011
Annual rate of the Consumer Price Inflation went up to +3.3 % (HICP: +3.6%) in the year 2011. Inflation in December went down slightly.
January 16, 2012
2012 Brings Stagnation for Austrian Economy
According to Bank Austria´s economic indicator, Austrian economic growth will only reach 0.8% this year.
January 16, 2012
Austrian Labor Market is Stable
The Minister of Social Affairs, Rudolf Hundstorfer, strikes a balance of the labor market in 2011 and refers to the lowest unemployment rate in the EU.
January 15, 2012
Downgrade: „It´s Time to Take Action“
The downgrade of Austria´s rating from “AAA” to “AA+” caused mixed reactions. The Austrian economy urges for structural actions.
January 15, 2012
Austria Has 2.2 Million Retirees
Against 2010, the number of retirees was up by 1.3%. The average retirement age did not increase, employment of older persons could improve.
January 14, 2012
Downgrade: Government Surprised and Criticized
For the Austrian government, the downgrade by the U.S. rating agency is „not comprehensible”. The domestic industry urgently claims structural reforms.
January 14, 2012
Austria to Lose its AAA
According to partially confirmed market rumors, S&P will downgrade France and Austria.
January 13, 2012
Study on „Economic Freedom“: Austria Falls
In the global ranking of the U.S. “Heritage foundation”, Austria only occupies rank 28. The government would not introduce enough reforms, bureaucracy would be too high.
January 13, 2012
Feared Export Slump Did Not Occur
The Austrian export activity slowed down in the fourth quarter, but the pessimistic expectations did not become real. In 2011, Austrian exports were up by 12%.
January 13, 2012
South Tyrol Claims Economic Independence
In order to reach the same economic growth level of Germany or Austria, South Tyrol offers € 15.0bn to Italy.
January 12, 2012
Pressure on Hungary Increases
The chairman of the Austrian Central Bank, Ewald Nowotny, sees no danger for Austrian banks from Hungary. EU and IMF criticize the Hungarian government.
January 11, 2012
Austrian Wage Tax Intake Grows
The Austrian wage tax volume totaled 21.6bn in 2010. Gross wages were up by 2.5%.
January 11, 2012
Slow Growth in CEE Expected
According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.
January 11, 2012
Economic Inequalities between Austrian Regions
Urban regions record a significantly higher income. The economic crisis caused a decline in gross regional product and disposable income in 2009.
January 10, 2012
Fitch: Austria´s AAA-Rating Not Endangered
According to the U.S. rating agency, the financial stability in Austria is still excellent. The bond auction today went well.
January 10, 2012
Hungarian Crisis: BIS Warns Austria Insistently
A collapse of the Hungarian economy would hit Austria very hard, says the Bank for International Settlements (BIS). Austrian Banks have a high exposure.
January 9, 2012
ÖVP Does Not Exclude New Taxes Anymore
Against previous statements, the head of the Austrian conservatives, Michael Spindelegger, considers to introduce new taxes.
January 9, 2012
Austrian Balance of Current Accounts Positive
In the first three quarters of 2011, the Austrian economy achieved a strong performance. The balance of current accounts was significantly positive.
January 9, 2012
„Not Talking Down Austerity Policy“
Bernhard Felderer, head of the Austrian Institute of Advanced Studies (IHS), warns daily issued ideas for new taxes. First signs of a recovery are arising.
January 7, 2012
Austria Grants Highest Subsidies in Europe
In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.
January 7, 2012
Austrian Has Lowest Unemployment Rate in EU
Euro area unemployment rate at 10.3%, EU27 at 9.8%. Austria ranks first with 4.0%. Regarding youth unemployment, only the German unemployment rate is lower.
January 7, 2012
Rise in Private Insolvencies in 2011
Austrian private insolvencies rose by 4.0% in 2011. 9,600 persons were concerned.
January 5, 2012
„We Are at the Tipping Point“
2012 will be a crucial year for Europe and Austria, says the director of the Austrian Institute of Economic Research (WIFO). The coming decade will be coined by debt reduction.
January 5, 2012
Austrian Economy Pushes for Austerity
In order to prevent new taxes, the Austrian Chamber of Commmerce and the Federation of Industries call for austerity measures.
January 5, 2012
Rising Costs for Labor Market Service
The Austrian Labor Market Service (AMS) offered less trainings in 2011. However, costs rose up to € 455m. The AMS management faces critics.
January 4, 2012
Austerity Package: Business Association Warns of New Taxes
New taxes would be an “attack against the economy”, general secretary Peter Haubner says.
January 4, 2012
Worsening Economic Outlook for 2012
Economists and analysts expect a massive fall in Austrian economic growth for 2012.
January 4, 2012
Strong Rise in Foreign Trade
From January to October 2011, Austrian trade volume reached more than €100bn in both trade flows.
January 4, 2012
Cautious Optimism at Young Entrepreneurs
In spite of the pessimistic economic outlook, Austrian young entrepreneurs feel to be well prepared.
January 3, 2012
Dispute Over Part Time Work
The Austrian Chamber of Commerce and the trade union disagree over the advantages and disadvantages of part-time work for employees.
January 3, 2012
Austrians Tend to Save More
According to Generali Austria, Austrians tend to lower expenditures for clothing and vacations. Every third respondent says to have a lower budget than in 2010.
January 3, 2012
Government: Different Opinions on Taxation
The social democrats want to re-introduce the inheritance tax. The people´s party plans to raise tax quotas for the 13th and 14th salary.
January 3, 2012
Sorger Asks For Investments in Education and R&D
The President of the Federation of Austrian Industries (IV), Veit Sorger, calls for future investments.
January 3, 2012
Fast News Search
This category only
