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Austria International Political News | International | EU | Domestic
Read the latest headlines about developments in Austrian politics with reference to the international interest
Fitch: Croatia Cut to Junk Status
Due to the fiscal situation, Fitch cuts the credit rating of the newest EU member country. The economic frame conditions do not leave enough room for reducing the public debt level, Fitch argues.
September 21, 2013
Romania: High Dependence from FDI
Without the inflow of foreign direct investments, Romania´s economy would shrink. The industrial sector is highly controlled by foreign investors.
September 21, 2013
Faymann: Austria as Role Model for Investments and Employment Programs
The Austrian Chancellor calls for a fair distribution of wealth and lower taxes on wages.
September 20, 2013
Keuschnigg: Losses of Hypo Compensated by Privatizations
Christian Keuschnigg, head of the IHS (Austrian Institute for Higher Studies) suggests to privatize OMV, Post and Telekom Austria to pay for Hypo Group.
September 20, 2013
Slovenia: First Budget Surplus in 2013
For the first time this year, Slovenia shows a budget surplus of € 15m. However, the deficit of the first eight months is as high as € 1.3bn, according to data by the Finance Ministry.
September 20, 2013
Turkey: Enthusiasm about EU Membership Shrinks
Fewer and fewer Turkish citizens are keen on an EU membership of their country.
September 20, 2013
Slovenia: Privatization Program to Boost FDI?
The government of the financially ailing country is forced to privatize a substantial part of the publicly held companies. Prime Minister Bratusek hopes foreign direct investments to increase.
September 20, 2013
Austria: 80 Percent Opposed to 12-Hour-Working Day
A survey of a Socialist trade union shows that 80 percent of employees are opposed of a working day of twelve hours.
September 19, 2013
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Bank Austria to Close Subsidiaries in Hungary
Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.
September 19, 2013
WKO: Austrian Enterprises Miss out on Potential in Turkey
According to a commercial councelor at the Austrian Chamber of Commerce (WKO) in Istanbul, Austria is focused too much on Eastern Europe. Switzerland exports triple the amount to Turkey.
September 19, 2013
Austria: WKO Demands Impulses for R&D
Deputy President of the Austrian Chamber of Commerce (WKO), Martha Schultz, demands new impluses for research and innovation in the years from 2014 to 2020.
September 19, 2013
Romania Is Recovering According to PM
Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.
September 19, 2013
Croatia: No End of Recession in Sight
For the seventh quarter in a row, Croatia´s GDP was down. The main problem is the weakening domestic consumption and the high unemployment quota.
September 19, 2013
“Serbia Becomes the Driver of Reforms on the Western Balkans”
The Austrian government supports Serbia’s pro-European course.
September 18, 2013
Wifo: Economy Remains Competitive Despite High Wages
Head of Wifo (Austrian Institute for Economic Research), Karl Aiginger, calls for a change of views in economic policy as competitiveness is more than just low costs.
September 18, 2013
Hungary: Orban Forecasts Growth of 2 Percent
Hungarian Prime Minister Viktor Orban forecasts economic growth of 2 percent next year as the country has managed to surpass several difficulties.
September 18, 2013
Austria: ÖVP Rejects Tax Reforms by Social Democrats
Chancellor and Leader of the Social Democrats Werner Faymann is in favor of lower taxes on wages. His model includes reliefs of up to € 1,011 annually. However, coalition partner, the Austrian People’s Party (ÖVP) rejects the plans.
September 18, 2013
EU Commissioner Füle Encourages Albania
EU Commissioner Štefan Füle discusses Albania's path to EU with new PM
September 18, 2013
Treichl: Requirements for Banks Increased Massively
According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).
September 17, 2013
Barroso: “Albania’s Future Is in The European Union”
President of the EU Commission Barroso is confident about Albania’s commitment.
September 17, 2013
Austria: Fekter Demands “More Intelligent Model“ for Hypo
Finance Minister Fekter plans on introducing a “more creative model“ than a bad bank.
September 17, 2013
Gazprom to Team Up With Macedonia
Russian energy giant Gazprom is interested in cooperating with FYR Macedonia.
September 17, 2013
Slovenia: Unemployment Increases Further
The unemployment rate in Slovenia went up to 12.9%.
September 17, 2013
Leitl Recommends Parties Not to Raise Hopes
President of the Austrian Chamber of Commerce, Christoph Leitl considers the demand of the Social Democrats and Chancellor Werner Faymann for a tax relief as soon as 2015 utopian.
September 17, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
Bulgaria Allows Non-Residents Acquisition of Farmland
Bulgaria will allow foreigners will be able to acquire agricultural land.
September 16, 2013
EU Commission to Sanction Croatia
The EU Commission is determined to start sanction against the newest member of the European Union, Croatia.
September 16, 2013
Croatia, Slovenia and Italy in Favor of Closer Cooperation
Italian, Croatian and Slovenian PMs push for stronger cooperation.
September 16, 2013
Bulgaria: President Delivers Warning
Bulgaria's President delivers a strong warning about the country’s long-term instability.
September 16, 2013
Faymann: New Government Will Be Smaller
In an interview with Austrian daily “Österreich“ (Sunday issue) Chancellor Faymann announced that the new government will be reduced by two members of parliament.
September 16, 2013
IHS/WIFO: Austrian Hypo Group Needs Bad Bank
Christian Keuschnigg and Karl Aiginger claim that the nationalized Austrian bank should be split into a “good” and a “bad” part. Austria´s public debt would increase substantially.
September 16, 2013
Czech Republic: No Further Monetary Easing
As long there are no risks of deflation, the Czech National Bank will leave the current monetary policy unchanged. Further easing measures are not necessary.
September 15, 2013
Hungarian National Bank to Use Foreign Currency Reserves
In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.
September 15, 2013
Slovenia: Bankruptcy Without ECB/ESM?
Without external aid, Slovenia will not manage its severe financial crisis, experts say. A bail-out becomes more likely.
September 15, 2013
Polish Government Wobbles
The majority of Poland´s governing parties is at risk. New elections would be rather unfavorable for Prime Minister Donald Tusk.
September 14, 2013
Austria Must Implement Liquidation Mechanism for Banks
In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.
September 13, 2013
Austria: IMF Pushes for Tax Reform
The International Monetary Fund recommends re-considering the tax system. The Austrian wage taxes are too high, IMF criticizes.
September 13, 2013
Serbia Welcomes Russian FDI
Serbian Prime Minister announced that his country was interested in Russian investments.
September 13, 2013
Eurogroup Grants Cyprus Further € 1.5bn
Payments will be made at the end of September
September 13, 2013
Austria: Chancellor and Deputy Chancellor Lose in Trust Index
Compared to the results of last month, both Chancellor Werner Faymann and his Deputy Michael Spindelegger have lost the voters’ trust according to the APA/OGM Trust Index that was carried out on a sample of 500 persons.
September 13, 2013
ECB Worried About Slovenia
The European Central Bank is uncertain whether the financially stricken country will be able to manage its banking crisis.
September 12, 2013
Hypo Needs € 700m in Capital Increase
The ailing banking group needs a further capital injection in order to fulfill the lawful capital adequacy requirements.
September 12, 2013
Lopatka Welcomes Statement by Barroso
Subsidiarity is the precondition for a successful European Union.
September 12, 2013
Poland: Rallies Against Government
Around 20,000 persons took part in a rally against the government organized by the country’s three largest trade unions: Solidarity, the All-Poland Alliance of Trade Unions (OPZZ) and the Trade Unions Forum.
September 12, 2013
Austria Requires More Risk Capital
On an international level, the risk capital investments in domestic enterprises are low at only 0.04 percent of GDP.
September 12, 2013
Turkey: Clashes During Protests
In several Turkish cities, the police violently dispersed protest movements and used tear gas and water cannons. The latest wave of protests was triggered by the death of a 22-year-old young man.
September 12, 2013
Austria: OeNB Denies Hypo Revaluations
According to the Austrian National Bank (OeNB) there are no revaluations in regard to Hypo Group Alpe Adria’s capital requirement.
September 12, 2013
Romania: Construction Industry to Grow by 1.9 Percent
The growth rate in the construction industry is even higher than economic growth in real terms.
September 12, 2013
Hungary: Monetary Easing Policy to be Continued
Hungary´s National Bank MNB has decided to extend the “lending for growth” program until 2014. In total, the program´s volume comes at € 7.0bn.
September 12, 2013
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