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
Austria Intends to Participate in World Bank Projects
AWO has been leading companies to international financial institutions: the World Bank annually awards about $ 70bn in loans for development projects
March 15, 2011
WKÖ Leads Austrian Education Exporters to China
WKÖ Secretary-General Hochhauser: Hong Kong continues being the gateway to China; Austrian exports rose to over € 500m.
March 12, 2011
Österreichische Kontrollbank: "There are no Failures to be Feared"
Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.
March 12, 2011
Rise in Austrian Exports by 21.0%
January to December 2010: imports considerably above, exports just below € 110bn.
March 12, 2011
2.7% Economic Growth Due to Exports
Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.
March 11, 2011
AWO Presents Business Opportunities for Austrian Companies in China
Big opportunities in consumer goods & lifestyle, plastics and automotive industries were informed in Vienna, Linz and Graz by Außenwirtschaft Österreich (AWO, Foreign Trade Austria).
March 11, 2011
Lack of Venture Capital for Austrian Companies
The Ministry of Economy considers providing funds for start-ups. The Israeli concept serves as a model.
March 10, 2011
Economic Chamber Demands Redeployment of "Manual Workers Regulation" in Favor of Research
The Austrian Economic Chamber presented a list of demands to the federal government. Critics say it is to no purpose.
March 10, 2011
Leitl Favors EU Financial Transaction Tax
The President of the Austrian Economic Chamber says: "The EU Parliamen has taken an important step towards EU financial transaction tax"
March 10, 2011
Moderate Rise in Turnover for Austrian Service Industry
Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming
March 10, 2011
Significant Rise in Car Registrations
February 2011: Considerable increases for new passenger cars in Austria: +21.2%; over one-third more diesel-driven vehicles. Registrations rose by 23.5%.
March 10, 2011
Austria's Public Debt Ratio Increases to over 80%
By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.
March 8, 2011
Demand for Minimum Wage meets with Hostility
The proposal by the Minister for officials, Gabriele Heinisch-Hosek, to introduce a minimum wage of € 1300, is mere populism, according to the Economic Chamber.
March 8, 2011
Demand for Increase in Retirement Age
Austrian Young Economy demands again a "sustainable" pension system. Less early retirement, but more later pensioning is required.
March 8, 2011
Leitl: "Research Support Should Be Pushed Now!"
The President of the Austrian Economic Chamber (WKÖ) speaks in favor of increasing the research bonus.
March 5, 2011
Hardly any Effects Expected by Labor Market Opening
As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.
March 4, 2011
Austrian Production Rising Substantially
Opposing production trends in industry and construction in November 2010; turnover +14.5%. Strong increase of production in metal industry.
March 2, 2011
Unemployment: Austria has Top-Position Among EU27
EU27 area unemployment rate at 9.9%, Austrian unemployment rate amounts to 4.3%. National youth unemployment is below the average too.
March 2, 2011
Austrian Inflation Speeds Up
The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.
March 1, 2011
Vienna is Among the Cities with the Greatest Purchasing Power in Europe
Austria comes out relatively well in a study on the purchasing power of Europe The capital leads the Austrian comparison.
February 25, 2011
Mixed Results for Investors in Bosnia
The outlook for 2011 is positive. Last year, however, was difficult for Austrian companies in Bosnia-Herzegovina.
February 25, 2011
Erste Group: Strong Increase in Lending
The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.
February 25, 2011
Tightening of Credit Policy Expected
The new Basel III rules will result in a tightening in lending, especially for small and medium-sized enterprises.
February 25, 2011
Leitl Fears Falling Back behind Asia
During a state visit to Singapore the President of the Austrian Economic Chamber (WKÖ) again urges the Austrian government to undertake reforms.
February 24, 2011
Increase of Inflation Forecast
The Austrian Institute of Advanced Studies (IHS) increases its inflation expectations to 2.4% due to the increase in energy prices
February 24, 2011
Leitl Demands More Support for SMEs
The Small Business Act must be also implemented at national level in a sustained way, says the President of the Austrian Economic Chamber.
February 24, 2011
Manufacturing Industry Welcomes Red-White-Red Card"
IV-President Sorger: Innovative immigration system is an incentive for highly skilled workers; the abolition of the quota is a major political location signal.
February 23, 2011
Kazakhstan as a Chance for Foreign Trade
Austrian Economic Chamber promotes further development of economic relations with Kazakhstan.
February 23, 2011
Brenner Tunnel: ÖBB will not pay
The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.
February 22, 2011
Saving in Austria Still Popular
Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.
February 22, 2011
Free Trade Agreement with South Korea
WKÖ: Additional trade potential for Austrian companies in South Korea for € 350m.
February 19, 2011
Austrian Industrial Producer Prices up by 4.9%
Ongoing upward trend for industrial producer prices in December 2010: +4.9% compared to December 2009; Annual average 2010: +2.7% against 2009
February 19, 2011
Shortage of Highly Skilled Workers in Austria
The lack of highly qualified employees in Austria turns into an increasingly strong competitive disadvantage.
February 18, 2011
Austria's Budget Deficit is Lower than Expected
The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.
February 17, 2011
Austrian Economic Chamber criticizes Pension System
The Premium Model of the Economic Chambers rewards working longer instead of early retirement.
February 17, 2011
Economic Indicator: 2011 Brings More Dynamism to Austria's Economy
Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.
February 17, 2011
Vacancies in Austria up by 64%
78,900 job vacancies in the fourth quarter 2010, an annual percentage change of +64%.
February 17, 2011
Increase in Electricity and Gas Consumption
Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.
February 16, 2011
Real Estate Privatization: Proceeds up to € 1.5bn
According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.
February 16, 2011
Strong Sales and Weak Profits in Austria's Retail Business
Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".
February 16, 2011
aws: Investments in Austria Rise Again
"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).
February 16, 2011
Economic Growth Decreased Slightly in the 4th Quarter of 2010
The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.
February 16, 2011
Construction Costs Further on the Rise
The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.
February 16, 2011
Declining Trend in Insolvencies is Forecast for 2011
2011 brings a slight decline in insolvencies to Austria, but the economic recovery will not suffice for a substantial change in the trend.
February 16, 2011
Industrial Activity: Styria above Austrian Average
The economic barometer of the Styrian manufacturing industry is above the average of the federal provinces for the fourth consecutive year. Optimism for 2011 is increasing.
February 15, 2011
Technology Offensive in Carinthia
Very powerful R&D developments are to be observed in Carinthia: expenditure for R&D rose from 0.42% in 1993 to 2.43% according to the latest figures.
February 14, 2011
Stepic: Austria is Destroying its Business Location
The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.
February 12, 2011
Austrian Unemployment Shrinks
The unemployment rate (Austrian standard) decreased from 8.9% in January 2010 to 8.5% in January 2011.
February 12, 2011
Lopatka Demands Structural Reforms and Budgetary Discipline
The State Secretary for Finance at the German-Austrian Financial and Economic Forum.
February 11, 2011
Austrian Constructing Price Index Rising
Construction output price index for building construction and civil engineering increased by 3.9%.
February 11, 2011
Fast News Search
This category only
