Read the latest headlines about developments in Austrian politics with reference to the international interest
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The IHS insists on higher retirement age

The Institute of Advanced Studies (IHS) admonishes the Austrian government to raise the retirement age.

February 18, 2011

Shortage of Highly Skilled Workers in Austria

The lack of highly qualified employees in Austria turns into an increasingly strong competitive disadvantage.

February 18, 2011

EU Requests Nabucco to Enter a Cooperation

The European Union is pushing a merger between Nabucco and the ITGI pipeline project.

February 18, 2011

Austria's Budget Deficit is Lower than Expected

The preliminary budget outcome for 2010 is 0.6% better than forecast. However, the results of the ÖBB could increase the deficit again.

February 17, 2011

Austrian Economic Chamber criticizes Pension System

The Premium Model of the Economic Chambers rewards working longer instead of early retirement.

February 17, 2011

Vacancies in Austria up by 64%

78,900 job vacancies in the fourth quarter 2010, an annual percentage change of +64%.

February 17, 2011

Real Estate Privatization: Proceeds up to € 1.5bn

According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.

February 16, 2011

aws: Investments in Austria Rise Again

"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).

February 16, 2011

Eder Favors Further Privatizations

The CEO of Austria's largest steel company, voestalpine, would like to see the state pushed away from business still further.

February 15, 2011

ECB: Praet Succeeds Tumpel-Gugerell

The Belgian Peter Praet succeeds the Austrian Gertrude Tumpel-Gugerell as new member of the Executive Board of the ECB (European Central Bank).

February 15, 2011

SPÖ against expanding the ÖIAG

The expansion urged by Industrial Association and the ÖVP meets the resistance of the Social Democratic coalition partner.

February 15, 2011

Stepic: Austria is Destroying its Business Location

The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.

February 12, 2011

Lopatka Demands Structural Reforms and Budgetary Discipline

The State Secretary for Finance at the German-Austrian Financial and Economic Forum.

February 11, 2011

Massive Increase in Public Debt

Austrian public debt could rise dramatically soon by a new calculation involving separate legal entities.

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

Tension between ÖBB and ÖVP

The conflict over the finances of the Austrian State Railway between the ÖBB and the ruling ÖVP goes on.

February 8, 2011

"Feibra" to Function as Discount Post

The Austrian Post is expanding its subsidiary Feibra. Letters are also to be sent in future.

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

Oettinger Increases Pressure on OMV

In an interview with the daily newspaper "Presse", the European Commissioner for Energy considers that OMV must move now regarding Nabucco.

February 4, 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

The Westbahn Complains Because of ÖBB-Subsidies

In December, the new “Westbahn” (Western Railway) will start competing with the ÖBB (Austrian state railways) which are allegedly being privileged by the government.

February 3, 2011

Industrial Association: Internal Solution for Succession

After the departure of Markus Beyrer, Christoph Neumayer as Secretary General and Peter Koren will lead the Austrian Industrial Association (IV).

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

ÖIAG: Markus Beyrer is the New Chairman

The so far Secretary General of the Industriellenvereinigung (Industrial Federation), Markus Beyrer, is Peter Michaelis’s successor on the board of the ÖIAG.

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

Austria's Credit Industry Appeals to the Constitutional Court

The price gains tax introduced as of January 1, 2011 encounters legal resistance. The Banking Division of the Chamber of Commerce announced a complaint of unconstitutionality.

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

Skylink: Judicial Investigations are Presently being Conducted

The final report of the Audit Court on the Vienna International Airport Skylink project has been submitted. Criticism is devastating. Criminal investigations are starting.

February 1, 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

Hope for Austria's Photovoltaic Industry

The development of alternative energy sources is being pushed by additional funding. EVN is also promoting alternative energies.

January 28, 2011

Leitl Welcomes Medvedev's Idea for a European-Russian Economic Area

Closer cooperation between the EU and Russia would "stabilize economic and social development". Austria's foreign trade with Russia is flourishing.

January 28, 2011

U.S. Embassy on Hypo Group: "Mini-empire in the Balkans"

New Wikileaks documents indicate that the U.S. Embassy analyzed the symbiosis between the Austrian financial and political scene.

January 27, 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

Demand for Elimination of the ÖIAG

IAs part of the succession process for the CEO position at the Austrian industrial holding (ÖIAG) political representatives are increasingly imposing conditions.

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

Austria: The Gateway to Central Asia?

Leading Austrian politicians intend to attract attention at the World Economic Forum to what promises to be a new target region.

January 26, 2011

Bank Assistance is Lucrative for the State

Contrary to fears, revenues of the bank rescue package more than double the refinancing costs.

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

ÖIAG: Industrialist Beyrer is Favorite

In the discussion about the succession for the state holding company OIAG, the Secretary General of the IV (Federation of Austrian Industries), Markus Beyrer, is a favorite.

January 25, 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