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More Vienna International News

Turkey: „The EU Needs Us“

On the occasion of a visit in Hungary, Turkey´s Minister of European Affairs Egemen Bagis argued that the EU would benefit from Turkey´s accession.

December 11, 2012

„Property Taxes are Nonsense“

Austria´s Minister of Finance Maria Fekter reaffirms that property taxes must be prevented.

November 30, 2012

„Too Many Banks in Austria“

Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.

November 28, 2012

Nowotny: „CESEE Needs New Growth Model“

Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.

November 26, 2012

Austrian Industrial Federation Wants Higher VAT

Georg Kapsch, President of the Federation of Austrian Industries (I) calls for a VAT increase. The VAT rate remains unchanged at 20% of decades.

November 23, 2012

OMV Underlines Necessity of Shale Gas Production

The Austrian oil and gas group stresses that shale gas may reduce the dependency on Russian natural gas.

November 20, 2012

Steel Industry: „Up to 100,000 Jobs Endangered“

Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.

November 17, 2012

Nowotny: More Power for Big Countries

The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.

November 7, 2012

„Strengthening Relation with Russia“

Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.

October 25, 2012

Austrian Banking Industry to Downsize Radically

According to Bank Austria´s CEO Willibald Cernko, the Austrian banking industry must cut its number of branches radically.

October 23, 2012

Voestalpine: Eder Does Not Exclude to Leave Austria

Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.

October 15, 2012

Austrian Industry Reaffirms: „We need structural reforms”

The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.

October 13, 2012

Stepic: “Must Reduce Lending in CESEE”

The CEO of Austrian RBI (Raiffeisen Bank International) Herbert Stepic explains that new lending in Eastern Europe must be reduced substantially.

October 11, 2012

“Austria´s Capital Market Needs Reforms”

The Federation of Austrian Industries (IV) calls for increasing the attractiveness of the Austrian capital market.

October 9, 2012

Fekter: “Greece Shows Progress”

Austria´s Finance Minister praises Greece's efforts to improve its situation.

October 2, 2012

„Austria Does Not Need Shale Gas“

Gerhard Roiss, CEO of Austrian OMV, thinks that renouncing on shale gas will be expensive.

October 1, 2012

Breuss: „We Must Feed Them All“

The Austrian economist expresses his concerns regarding the second package for Greece.

September 21, 2012

Kapsch Against Excluding Greece

The President of the Federation of Austrian Industries (IV) thinks that the Austrian pension system shows a substantial savings potential.

September 10, 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

Kapsch Sees Austria´s Main Problem in Education Sector

In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.

August 22, 2012

Grexit: Aiginger Warns of Shock in the Balkan Region

Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.

August 21, 2012

IV Emphasizes: „New Taxes Harm Growth and Jobs“

Georg Kapsch, President of the Federation of Austrian Industries (IV), calls for growth stimulating measures. The industrial sector is the growth engine for Austria, he argues.

August 17, 2012

Czech Republic: Erste Group´s CEO Advises Against Introducing the Euro

According to Andreas Treichl, the Czech Republic should not enter the Eurozone now.

August 2, 2012

Nowotny Wants Bank License for ESM

The governor of OeNB (Austrian Central Bank) Ewald Nowotny told the news agency Bloomberg that there would be some good reasons for this solution.

July 26, 2012

Aiginger: „Feeding Banks Makes No Sense“

The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.

July 24, 2012

Resistance Against Enlargement of ÖIAG

The chairman of ÖBB´s (Austrian Railways) supervisory board Horst Pöchhacker rejects the idea of integrating ÖBB, Verbund or Asfinag into the publicly held Austrian industrial holding ÖIAG.

July 19, 2012

Nowotny: „Germany Has Key Function“

The governor of OeNB (Austrian Central Bank) is against forced loans in Austria. Regarding Eurobonds, Germany as Europe´s biggest economy would have the key function.

July 18, 2012

Austrian AAA „Not in Danger“

The Austrian economist and chairman of the public debt council Bernhard Felderer thinks that Austria will keep its Triple-A rating. Felderer´s statement is not undisputed.

July 12, 2012

Fischer Wants to Check ESM

Austria´s Federal President Heinz Fischer does not sign the ESM approval by the Austrian Parliament yet. „I am not under time pressure.“ he says.

July 11, 2012

Banking Supervision: Nowotny Warns of Botch

The governor of the Austrian Central Bank (OeNB) thinks that the timeline fort he planned unified banking supervision authority is „very short“.

July 10, 2012

Austrian Industry Urges Government to Continue Austerity Policies

The Austrian government has to perform its job in order to retain competitiveness and economic growth in future. Finance Minister Fekter is highly satisfied with the government´s economic report.

July 10, 2012

Nowotny on Greece: „We Do Not Have Unlimited Time“

Ewald Nowotny, the governor of OeNB (Austrian Central Bank) is concerned about the Greek austerity program.

July 9, 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

„ECB as Only Supervisor Not Likely“

OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.

July 2, 2012

Survival of the Euro Questionable

Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.

June 26, 2012

„The end of the Euro would mean Europe´s Explosion“

Ewald Nowotny, governor of the Austrian Central Bank (OeNB) reaffirms that Europe needs the Euro.

June 25, 2012

Treichl: „Europe Does Not Need the Euro“

Andreas Treichl, CEO of Austrian Erste Group thinks that the European Union would work very well without the common currency. A common army would be more important.

June 25, 2012

Nowotny: „Bank Aids Rescue Economy“

The governor of the Austrian Central Bank OeNB underlines the necessity of the bail-out of Spanish banks.

June 23, 2012

New IV´s President Dissatisfied with Political System

The corruption scandals oft he past would damage Austria´s reputation as business location, Georg Kapsch thinks.

June 23, 2012

Chemical Industry Warns of Investment Stop

Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.

June 22, 2012

FPÖ Claims Popular Vote on ESM

The biggest Austrian opposition party warns of giving up the sovereignty. Together with the smallest opposition party BZÖ, FPÖ will vote against ESM.

June 21, 2012

„Austria Is Threatened by a National Bankruptcy“

The Austrian economist Eva Pichler warns of the ESM and appeals on the Austrian Parliament not to ratify the „recue package“.

June 20, 2012

Fekter Approves Greek Election Results

The Austrian Minister of Finance Maria Fekter is happy with the „Pro-European „ statement oft he Greeks. Minor adjustments to aid packages would be possible.

June 18, 2012

RZB Wants to Keep Austrian Deposit Protection

Raiffeisen Zentralbank´s CEO Walter Rothensteiner is skeptical of the European deposit protection proposal.

June 15, 2012

FPÖ: „Europe Has a Banking Problem“

The Austrian opposition leader Heinz-Christian Strache criticizes that European countries are downgraded due to their banks. Further bank aids would be likely.

June 13, 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

Austerity: „There is No Alternative“

The former director of the Austrian Institute of Advanced Studies appreciates the help for Spanish banks and thinks that a Greek exit is rather unlikely.

June 12, 2012

Austrian Banks Perform Well in Eastern Europe

The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.

June 11, 2012

„We Won´t Get Any Money Back“

The former director of the Austrian Institute of Advanced Studies (IHS) does not think that Greece is able to pay back its debt. Nevertheless, Felderer still believes in the euro.

June 9, 2012

The Vienna Initiative – Moving to the New Phase „Vienna Plus“

The Vienna Initiative’s stakeholders decided to transform the Initiative so that it plays an important role in helping with crisis prevention, while remaining available to deal with any aftershocks from the global crisis.

June 8, 2012