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Latest Headlines about other Business & Economic Developments
Read more headlines about Austria's international business environment (which are not covered in the other topics, including commodity and currency markets)
Majority of Czechs Want to Keep the Koruna
A clear majority of Czech citizens reject the Euro and want to keep their national currency, the Czech Koruna.
May 14, 2013
Croatia in No Hurry To Introduce Euro
Croatia would keep the national currency and is in no hurry to introduce the Euro.
May 10, 2013
Czech Republic to Improve EU Relations?
Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.
May 3, 2013
Asmussen: “New Eurozone Members Will Reap Benefits of Initial Phase”
CEEs and The Crisis: Current Challenges and Benefits
April 30, 2013
9.2 Million EU Citizens Wish To Work More Hours
Labour Force Survey: Proportion of underemployed part-time workers up to 21.4% in the EU27 in 2012
April 19, 2013
Cyprus to Sell Gold Reserves
The country has to sell reserves in the amount of € 400m. In the meantime, the banking sector has been cut down to one half of its former size.
April 10, 2013
Matolcsy’s Program Evokes Mixed Feelings.
During a press conference on Thursday, April 4, new Govenor of Hungarian National Bank (MNB), György Matolcsy presented some of the “creative financial market instruments”.
April 6, 2013
Cyprus: Trying to Avoid Chaos at Banks
Today, Cyprus‘ banks are supposed to be opened after almost two weeks of closing. The citizens are called for calm and there are limits for drawing money. The currency rate was downgraded to Caa2 by Moody’s.
March 28, 2013
Hungary: MNB to Reduce Key Interest Rate
The Hungarian National Bank (MNB) lowered the key interest rate by 25 basis points down to 5.0 %. This is the eighth downgrade in a row.
March 26, 2013
Austria: Highest Rate of Foreign-Currency Debts
No other country in Europe exhibits such a high amount of private foreign currency credit users. In 2014, when the next wave of repayments is due many debtors might be in for a shock.
March 25, 2013
Poland: Inflation Decreasing
Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.
March 15, 2013
Austria: Less Money in Foreign Currency Credits
The volume of foreign currency loans has decreased further at the end of 2012.
March 7, 2013
Voestalpine to Announce Decision on Expansion Into North America
The Austrian steel group plans a major investment in North America. According to voestalpine´s CEO Wolfgang Eder, the decision will be announced in February.
February 9, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Austrian Industry Against Short-Time Work
According to IV (Federation of Austrian Industries), short-time work is too expensive.
January 8, 2013
New Hope for Nabucco
The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.
December 22, 2012
CA Immo: New Tenants in Hungary
CA Immo was able to acquire new tenants for some 9,300 sqm office space in five Hungarian office properties over the past six months.
December 10, 2012
Austrian Industry Calls for Flexibilization of Short-Time Work
Austrian businesses expect that short-time work may return. Three years ago, the
December 4, 2012
Ukraine: “Stability of Currency Not Endangered”
Ukrainian businessmen are confident in the stability of hryvnia, the Ukrainian National Bank says.
November 28, 2012
Ukrainian National Bank Under Pressure
In order to support its own currency, the foreign exchange reserves of NBU (Ukrainian National Bank) were down substantially.
November 24, 2012
Hungary: Public Debt Level Declines
Due to the favorable currency development, the public debt level fell slightly.
November 20, 2012
South Stream Pipeline: Construction Works to Begin in December
The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.
November 12, 2012
South Stream Pipeline: Gazprom Concludes Contract with Hungary
The Russian energy group Gazprom has negotiated the last conditions of the contract with Serbia and Hungary.
November 2, 2012
Nowotny: Greek Haircut for ECB “No Issue”
The governor of Austria´s National Bank (OeNB) Ewald Nowotny thinks that ECB would not participate in a haircut.
October 29, 2012
RHI Begins to Downsize in Europe
The Austrian refractories company plans to expand in Russia. In Europe, the first factories will be shut down in two years.
October 18, 2012
Poland´s Komorowski: “Strong Swiss Franc Causes Problems”
On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.
October 5, 2012
Soros: "Germany Must Lead or Leave"
In a talk on "The Future of the Euro" in Vienna, George Soros presented his vision of how the European financial crisis can be solved.
September 11, 2012
South Stream Pipeline May Run Across Croatia
Instead of Hungary, the pipeline project South Stream may pass through Croatia. Gazprom currently negotiates with the Croatian operator Plinacro.
August 20, 2012
International Raw Materials Conference EUMICON 2012
The event takes place from 19th to 21st September 2012 in Leoben, Austria. Top decisionmakers will come together.
July 30, 2012
New Hope for Nabucco West
The Aseri Minister of Energy Natik Aliyev thinks that Nabucco West would be better than the rival project TAP.
July 27, 2012
OMV Resumes Production Works in Yemen
The Austrian oil and gas group may get oil from Yemen soon. In Bulgaria, OMV participates in exploitation works.
July 17, 2012
Rising Attractiveness of Gold
Austrian Erste Group: „Prolonged negative real interest rates and global debt crisis set to push gold price higher.“
July 11, 2012
Vienna Stock Exchange: New Trading System for Gas Exchange
Trayport ETS: New trading system on CEGH Gas Exchange of the Vienna Stock Exchange.
July 6, 2012
„Up to 70% of European Steel Capacities are Endangered“
Wolfgang Eder, CEO of Austrian voestalpine, thinks that the European steel industry faces fierce competition from the East.
July 3, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
OMV and Wintershall Sign Upstream Agreement with ADNOC
OMV and Wintershall will appraise the sour gas and condensate field in Shuwaihat in the Western Region of Abu Dhabi. OMV´s CEO Gerhard Roiss sees strengthened relations with the United Arab Emirates.
June 21, 2012
Bank Austria Sells Headquarters
The highest-bidder procedure is to lead to a sale of the property by the end of 2012. Bank Austria will retain its property until the new headquarters has been completed.
June 15, 2012
„Nabucco Will Die A Hundred Times“
OMV´s CEO Gerhard Roiss promotes the new „Nabucco West“ project and underlines the high probability of success.
June 14, 2012
Austrian E-Control Supports Shale Gas Exploitation
Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.
June 13, 2012
Austrialian Mining Company Plans to Exploit Lithium in Austrian Alps
Global Strategic Metals NL plans a site with an investment volume of € 125m in Austria. For Austria, the lithium deposits would be a „highly strategic asset“.
June 9, 2012
„India and China are not the Problems“
Voestalpine´s CEO Wolfgang Eder thinks that competitors from Turkey, Russia and Ukraine may become problematic for the European steel industry.
June 5, 2012
Energy: Germany and Austria Agree on Closer Cooperation
German dena and Austrian Verbund advocate stronger German-Austrian energy partnership and aim to build more pumped storage power plants for the integration of wind and solar power.
June 1, 2012
„Nabucco Is Still an Option“
Elshad Nassirov, Vice-Chairman oft he Azerbaijani gas company Socar, argues that BP´s statement about Nabucco was premature.
May 29, 2012
BP: „Nabucco is Dead“
British Petroleum pronounces the initial Nabucco project dead. RWE supports the new version “Nabucco West”.
May 25, 2012
“Nabucco West” Submits Proposal
The proposal for the downsized “Nabucco West” Scenario was submitted to Shah Deniz II Consortium.
May 18, 2012
Another Setback for Nabucco
The German RWE considers leaving the natural gas pipeline consortium. Also the Hungarian MOL will exit.
May 16, 2012
Voestalpine Establishes Group for Centralized Purchase of Natural Gas
The voestalpine Group has established Austria’s first industrial gas balance group for the centralized purchasing of natural gas.
May 11, 2012
As Recession Grips its Neighbors, Austria May Escape the Carnage
The world’s economic focus continues to be Europe and whether its widening list of travails will once again derail the global recovery, as it did a year ago at this time.
May 8, 2012
OMV: „Nabucco is More Alive than Ever”
Despite the exit of Hungarian MOL, the Austrian oil company underlines the importance of Nabucco. CEO Roiss holds on Nabucco.
April 28, 2012
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