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Germans in Vienna | Deutsche in Wien | Bilateral Relations
Austria and Germany - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Public Debt: New EU Members Are More Flexible
Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.
September 24, 2012
Croatian EU-Accession: Slovenia as Obstacle
Slovenia may put a veto on Croatia´s EU accession. Croatia should withdraw lawsuits against the biggest Slovenian bank NLB, Slovenia says.
September 22, 2012
EU: Germany Biggest Net Payer, Poland Biggest Net Recipient
In 2011, Poland received EU-aids of € 11bn. Among the new EU members, Hungary ranks second. In terms of GDP, Hungary is the biggest beneficiary.
September 21, 2012
Austrian Share of Academics Below OECD-Average
In Austria, only 21% of the persons aged between 25 and 34 are graduated. This is massively below the OECD-average of 38%.
September 20, 2012
Westerwelle and Sikorski Want a Stronger EU
The German and the Polish Ministers of Foreign Affairs wrote a common article in The International Herald Tribune.
September 19, 2012
Verbund in Turkey: Further Investments Instead of Withdrawal
In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.
September 19, 2012
Austria Wants to Unload Hypo Group
In 2009, BayernLB sold the financially stricken bank to the Austrian state. Now, the Austrian Republic may appeal against the sale.
September 18, 2012
Austrian Financial Assets Decreasing
Austria is still among the wealthiest nations worldwide. According to a study of the German insurer Allianz, Austria ranks 15.
September 18, 2012
Implementation of Banking Union to be Postponed
Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.
September 17, 2012
Austrian Banks View Savers Protection to be Endangered
The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.
September 15, 2012
„The situation is inconvenient, but not dramatic“
In an interview with the Austrian newspaper Kurier, the Austrian Minister of Economics Reinhold Mitterlehner underlines that “we must keep our nerves”.
September 13, 2012
Spindelegger Welcomes ESM Decision
“Final start signal for euro rescue fund.” The Austrian Minister of Foreign Affairs is happy with the decision taken by the German Constitutional Court.
September 13, 2012
Austrian Chamber of Economics Supports ESM Decision in Germany
Austria´s Minister of Economics Reinhold Mitterlehner: “The decision of the German Constitution Court is an important signal for investments and will promote growth.”
September 12, 2012
Fekter: “Relieved to have a clear Judgement”
Austrian Finance Minister Maria Fekter delighted at decision on ESM by German constitutional judges.
September 12, 2012
Orban to Visit Germany
In October, Hungary´s Prime Minister will be on an official state visit in Berlin in October.
September 12, 2012
Tusk: Good Prospects to Become Head of EU Commission
According to the German magazine “Der Spiegel”, the Polish Prime Minister Donald Tusk is considered as favorite candidate for the next President of the EU Commission.
September 11, 2012
RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS
The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.
September 11, 2012
CA Immo Completes Mercedes-Benz Sales Headquarters in Berlin
The last concrete was laid on the roof today. The foundation stone was only laid in November 2011 and the building is set to be completed by mid 2013.
September 11, 2012
Euro-Crisis Enters Austria
In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.
September 10, 2012
Merkel and Faymann Reaffirm their Commitment to the Euro
The German Federal Chancellor Angela Merkel met her Austrian counterpart Werner Faymann and Vice Chancellor Michael Spindelegger in Vienna. It was Merkel´s first state visit in Austria since 2006.
September 8, 2012
Germany to Depend on Austria´s Electricity “for the next 50 years“
After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.
September 8, 2012
Immofinanz: New Project in Cologne
The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.
September 6, 2012
Verbund is Said to Sell Stake in Turkish Enerjisa
According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.
September 6, 2012
Merkel Meets Austrian Government
This Friday, Germany´s Chancellor Angela Merkel will have talks with the top of the Austrian government in Vienna.
September 4, 2012
Strabag: Major Contract in Hamburg, Germany
STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.
September 4, 2012
Further Increase in Unemployment
At the end of August 2012, 289,000 persons were looking for a job in Austria. At the same time, employment still grows.
September 3, 2012
Next Pension Reform Ahead
European Forum Alpbach: In 2016, the next pension reform may be necessary in Austria.
September 1, 2012
EU Budget Proposal “Excessive” for Austria
EU multiannual budget 2014 – 2020 negotiated in Cyprus: Austria underlines its position as net contributor.
August 31, 2012
Debt Crisis: “Somebody Will Have to Pay”
European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.
August 30, 2012
Austrian Industry Promotes Employment of Older Workers
The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.
August 29, 2012
Eder: „We are Cautious“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, thinks that the market conditions will remain difficult.
August 27, 2012
Strabag: CEO Haselsteiner Is Said to Consider Delisting
The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.
August 27, 2012
Austrian Guarantees Total € 80bn
In the worst case, Austria´s public debt quota may increase up to 100%, the Austrian opposition warns.
August 27, 2012
Declining Real Income: UBS Defends Report
Paul Donovan, author of the controversial study, was criticized by Austria´s Central Bank and Bank Austria. Donovan underlines that his study is correct.
August 24, 2012
Verbund Invests in German Wind Power
With the acquisition of five wind farms in Germany, the Austrian energy company enlarges its hydropower portfolio.
August 23, 2012
Exclusion from the Eurozone: Westerwelle Supports Spindelegger
The German Minister of Foreign Affairs Guido Westerwelle thinks that a breach of contract should lead to the exclusion from the Eurozone.
August 22, 2012
Allianz Austria: Stable Earnings and Rising Premium Income
In the first quarter of 2012, Allianz Austria recorded a 24% slump in earnings. Pre-tax profits grew slightly.
August 21, 2012
Global Increase in Direct Investments made by Austrian Companies
In addition to CEE/SEE countries, growth in Austrian direct investments was also seen in Germany, Russia and Turkey.
August 21, 2012
Austrian Work More than EU Average
According to a report of the Germany Statistical Office, Germans and Austrians tend to work more. The relevance of leisure is shrinking.
August 20, 2012
Verbund: Sale of Enerjisa May Bring Synergies
The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.
August 20, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
Austrian Real Income Fell Dramatically
Economists often say that Austria has benefitted from the euro. According to a study of UBS, Austria has lost a substantial degree of prosperity, however.
August 20, 2012
Hypo Group: Major Risk Factor for BayernLB
The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.
August 18, 2012
Does the Euro Collapse Now? (Part 2)
The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.
August 18, 2012
Verbund to Sell Stake in Enerjisa?
The German energy group eon is said to be interested in Verbund´s Turkish interest.
August 17, 2012
Switzerland: „Austrian Tax Deal Will Withstand“
The Swiss Parliament´s President Hans Altherr thinks that the Swiss tax deal with Austria will withstand a popular vote.
August 16, 2012
Stronach Enters Political Stage
The Austro-Canadian industrialist Frank Stronach founds his own party and intends to run for the next election in 2013. Stronach wants Austria to leave the Eurozone.
August 13, 2012
Tax Deal with Switzerland in Doubt
After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.
August 13, 2012
Fewer Passengers at Austrian Airlines
AUA´s capacity utilization rose substantially. Against July 2011, the number of passengers was down by 5.6%.
August 9, 2012
conwert takes over residential portfolio in Berlin
Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin
August 9, 2012
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