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
Massive Increase in Public Debt
Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.
February 10, 2011
Jank: Vienna Leads in Company Start-Ups
Almost 8,000 enterprises founded in 2010, a quarter of all Austrian start-ups, comes from Vienna.
February 10, 2011
Property Restoration Provides Hopes for Growth and Employment
With the release of € 400m for thermal rehabilitation, five times as much is to be generated in sales. Up to 80% of this amount stays in Austria.
February 10, 2011
Business Climate Improves in Eastern Europe
According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.
February 9, 2011
Rising Bankruptcy Fears in Eastern Europe
The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.
February 9, 2011
Manpower Austria Increased Sales
The sales of the U.S. services group Manpower increased last year by 54% to € 130m in Austria.
February 8, 2011
Oil Prices Rose Sharply in December
The Energy Price Index (EPI) calculated by the Austrian Energy Agency rose 2.3% in December 2010 compared with the previous month.
February 8, 2011
Wholesale Price Index Strongly Rising
Austrian Wholesale price index in January 2011: +11.6% against January 2010.
February 8, 2011
Austria Savers Remain Cautious
For 67% of Austrian savers, savings’ security is a priority. High yields only plays a role for about 10% .
February 5, 2011
AMS Reports 2010 Vacancies Record
In 2010, 404,733 vacancies were reported, representing an increase of 50,575 jobs over 2009.
February 5, 2011
WIFO Promotes Expansion of the State Holding
The Director of the Austrian Institute of Economic Research wants to concentrate all Austrian state-owned enterprises in the ÖIAG.
February 5, 2011
Eder Considers European Manufacturing Industry is at a Disadvantage
For the CEO of the Austrian steel company voestalpine, the European manufacturing industry is at a disadvantage, despite innovative leadership.
February 5, 2011
Austrian Foreign Trade Figures Rising Strongly
From January to November 2010, Austrian foreign trade grew substantially. Imports and exports increased by 15.8%
February 5, 2011
Leitl Urges to Invest in the Future
Despite consolidation needs, the government has to invest more in education, research and innovation, says the President of the WKÖ.
February 4, 2011
Below Average Privatization in Austria, according to ECEG
Regarding privatizations, Austria is still far behind, according to the European Coalition for Economic Growth (ECEG).
February 4, 2011
Manufacturing Industry on the Rise
The economic barometer of the Federation of Austrian Industries (IV) grows. Production increase and stable employment are expected.
February 4, 2011
Mitterlehner Wishes to Push SMEs and Venture Capital
The Austrian Minister of Economy launches an initiative with the aim of doubling the venture capital of Austrian companies to € 400m.
February 4, 2011
Consumption Expenditure of Foreign Tourists Grows
Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.
February 3, 2011
National Bank Warns against Foreign Currency Loans
According to the governor of the Österreichischen Nationalbank (OeNB, Austrian National Bank), Ewald Nowotny, the sum of pending foreign currency loans in Austria is € 54bn.
February 3, 2011
Privatizations Could Raise up to € 24bn on Vienna Stock Exchange
Especially the privatization of public infrastructure and energy companies could increase the market capitalization of the Vienna Stock Exchange considerably.
February 3, 2011
Leitl Demands Support for Brenner Tunnel
The President of the Austrian Economic Chamber considers the Brenner Tunnel infrastructure project as crucial for the business location Austria.
February 2, 2011
Declining Unemployment in Austria
Uunemployment could be reduced by 4.3% even in the traditionally for the labor market difficult winter months.
February 2, 2011
Austrian Retail Trade Accelerates Economic Upward Trend
In 2010, the Austrian retail trade rose by 4.0%. Thus, this figure represents the highest retail trade growth since the 1990s.
February 2, 2011
Innovativeness in Austria Drops
In the European comparison, Austria’s innovativeness is dropping and is presently located only in the upper mid-range.
February 2, 2011
Austria's Budget Deficit is at 4.1%
Although the budget deficit is lower than expected, but the official national debt could increase considerably due to the ÖBB.
February 1, 2011
Decreasing Output and Order Intake in Austrian Construction Industry
Output of construction of buildings and civil engineering decreasing by 4.1% from January to October 2010.
February 1, 2011
Austrian Production Output up by 7.0%
Positive production trends in industry and construction in October 2010; turnover +7.0%.
February 1, 2011
Strong Increase of Industrial Growth at the Beginning of the Year
The Bank Austria Purchasing Managers Index shows a strong increase in production in January 2011 due to accelerated order growth.
January 29, 2011
Up to 150,000 Insolvent People in Austria
According to the Kreditschutzverband (KSV, Credit Protection Association 9,028 people were forced into personal bankruptcy last year. The number of people at risk is many times higher.
January 29, 2011
WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China
The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.
January 27, 2011
Austria's Energy Self-sufficiency until 2050
The Minister for the Environment, Nikolaus Berlakovich presents a study on the Austrian energy supply. Self-sufficiency until 2050 is feasible.
January 27, 2011
Austrian Inflation to be well above 2% in 2011
Temporary price-drivers of fuels, commodities as well as the budget consolidation spurring inflation on, but lack of cyclical inflationary pressures.
January 27, 2011
Austria's Pension Funds: 6.61% yield in 2010
Austria's pension funds generated an income of around € 800m in 2010. The annual performance is above the long-term average.
January 27, 2011
Austrian Gas Price Index Continues to Rise Slightly
The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.
January 26, 2011
Shortage of Skilled Labor in Medium-sized Enterprises
According to a report by Ernst & Young, the growth of two out of every three Austrian companies is hindered by the lack of qualified personal.
January 26, 2011
Budget-saving Measures in Austria are Insufficient
According to the WIFO, budget deficit and public debt are lower than the EU average; central potential savings have been neglected however.
January 26, 2011
Germany: Largest Investor in Austria
Based on the number of new companies settling in Austria, Germany is the largest investor. More than 40% of the new arrivals come from the northern neighbor.
January 25, 2011
Austria's Growth Remains Dependent on Exports
The Austrian GDP will grow in real terms, according to WIFO, at an annual average of 2.2% per year between 2011-2015. The unemployment rate is expected to stagnate.
January 25, 2011
Austrian Production Rising Steeply
The Austrian Production index in November 2010: +6.5% over November 2009
January 25, 2011
Austria's Agricultural Exports Grow
Agricultural exports were able to recover, but have not reached yet the 2008 level.
January 22, 2011
Slight Slowdown of Austria’s Economy
According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.
January 22, 2011
Expansion of Cooperation Between Kazakhstan and Austria
Cooperation with the Kazakhstan Development Bank intends to boost economic relations with the third-largest CIS trading partner.
January 22, 2011
EU: New Early Warning System Against Financial Market Risks
Two Austrian officials point out the relevance of the new institution, which will particularly benefit Austria.
January 21, 2011
Industrial Producer Prices Up by 4.2%
According to Statistics Austrian, the industrial producer price index in November 2010 went up by +4.2% compared to November 2009.
January 21, 2011
12% of Austrian Population at Risk of Poverty
Europe 2020 strategy against risk-of-poverty and exclusion: Every sixth person in Austria is in target population.
January 21, 2011
Austria's AAA Credit Rating Confirmed
The U.S. rating agency Moody's confirms the Republic of Austria’s Triple-A rating. The outlook remains "stable".
January 21, 2011
Viennese Economic Chamber Demands Tax Relief for SMEs
The President of the Viennese Economic Chamber, Brigitte Jank, presents a three-stage relief model for small and medium-sized enterprises.
January 20, 2011
WKÖ Expects further Rise in Energy Prices
Due to the economic recovery, the Austrian Economic Chamber forsees further increases in oil prices. However, there also exists some saving potential.
January 20, 2011
Demand to Unburden Business Founders
The Austrian Economic Chamber demands the creation of tax and corporate law unburdening for company founders.
January 19, 2011
Reform Backlog Prevents Austria Being a Success Model
The chairman of the WIFO, Karl Aiginger considers that Austria’s future capital has been gambled away because of lack of reforms. The EU, however, is "not on track" either.
January 19, 2011
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