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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
Cyprus: Bailout Should Have Come Sooner
Cyprus should have applied for an EU rescue package in 2011 to avoid the restrictive terms forced on investors to ensure support, its central bank governor said yesterday.
August 14, 2013
US to Support Ukraine Gain Energy Independence
One of the key priorities of US Ambassador to Ukraine Geoffrey R. Pyatt is the support of Ukraine to gain greater independence in the energy sector.
August 14, 2013
Schieder: “Successful Employment and Regional Economic Policy Has to Be Continued“
Austrian State Secretary rejects unreliable surveys “talking down” Austrian economy.
August 14, 2013
Bulgaria: Ministry Reopens Issue of Government Bonds
Bulgaria's Ministry reopens 5-year government bonds issue for maturing on 23 January 2018
August 14, 2013
ECB: New Issuance of Debt Securities Totaled EUR 672 Billion In June 2013.
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in June 2013, compared with 0.1% in May.
August 14, 2013
Hungary to Pay Back IMF Credit
A year earlier than necessary € 2.15bn go back to the International Monetary Fund (IMF).
August 14, 2013
Slovenian PM Convinced Agreement on 2014 Budget Will Be Reached
Slovenian Prime Minister Alenka Bratusek is convinced an agreement will be reached regarding changes to the 2014 budget
August 13, 2013
New Erste Group Loan Contributes to La Fantana Recapitalization
La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.
August 13, 2013
Czech Prime Minister Offers Resignation
Czech Prime Minister Jiri Rusnok has officially filed his resignation six days after a lost vote on confidence.
August 13, 2013
Austria: State-Owned Bank to Receive Further € 200m
The state subsidy for bad bank of Kommunalkredit has increased to more than € 2bn.
August 13, 2013
Austria: Alpine-Energie to be Taken Over by Triton
Former affiliate of construction company Alpine Bau Alpine-Energie, which is based in Linz and was temporarily “parked” with a special company, has a new owner.
August 13, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Poland: Amendmends in 2013 Budget
Upper house approves law suspending fiscal restraints at 50 percent debt threshold
August 12, 2013
Commerzbank: Austria to Miss Budget Goals
Without a new austerity package, Austria will run up more debts than calculated in the bugdet plan, German Commerzbank says. The country’s AAA ratings are likely to decrease.
August 12, 2013
Leitl: Positive Export Development Despited of Economically Difficult Times
The Austrian economy should, according to the President of WKO, focus export growth in third countries and distant markets.
August 10, 2013
Czech Republic: Schwarzenberg to Run for Parliamentary Elections
The former Foreign Minister named “autocratic” President Zeman as a motivation.
August 10, 2013
Austria: Spindelegger Wants Reform Government
The next government has to be a “reform government”, according to Austrian Vice Chancellor Michael Spindelegger, since the one in office now has only shown little reform zeal.
August 9, 2013
Austria: Banks Indignant At Chancellor Faymann
Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.
August 9, 2013
Poland’s Opposition Expands Poll Lead
Poland's conservative opposition Law and Justice (PiS) party has increased its lead over the centrist governing Civic Platform (PO) party by another five percentage points, according to a poll released on Thursday.
August 9, 2013
Fitch: European Investors See Withdrawal of Bank Stimulus
More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013
Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Wifo: Economic Growth with Brakes On
Economic upswing will take time. Considering the individual branches an uneven picture emerges.
August 9, 2013
Early Elections in Czech Republic Likely
After Czech’s new Prime Minister Jiri Rusnok failed the vote of confidence, there are many indicators that President Milos Zeman will announce early elections.
August 9, 2013
Poland: VAT Receipts Increased 10 Percent
Value added tax (VAT) receipts increase 10 percent year on year.
August 8, 2013
Hungary: Land Reform Evokes Conflict
“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.
August 8, 2013
Erste Paid Back € 1.22 to Austrian State
On Thursday, Erste Group announced that the participation capital in the amount of € 1.76 was paid back completely.
August 8, 2013
Slovenia: Stakes of at Least 80 Enterprises
The Slovenian state owns shares in at least 80 companies directly or indirectly.
August 8, 2013
Czech Government Loses Vote on Confidence
The cabinet of experts of Prime Minister Rusnok only receives 93 out of 200 votes. October may be the month for early elections.
August 8, 2013
Hypo Group: Reason for “Budget Lie”
The situation of ailing bank Hypo Alpe Adria may be worse than assumed. The supervisory board of the bank and the taskforce are discussing about the half-yearly report.
August 7, 2013
Serbia: Attempted Murder on Deputy PM Vucic Prevented
According to Belgrade daily “Nase novine“, Serbian Intelligence Service BIA was able to prevent an attempted murder on Deputy Prime Minister Aleksandar Vucic.
August 7, 2013
Czech Republic: Will Rusnok Remain in Parliament?
Today, August 7, 2013, the members of parliament in Prague will carry out a vote on confidence on the new government of Prime Minister Jiri Rusnok. It is unlikely that Rusnok will remain in parliament.
August 7, 2013
Credit Crunch in CESEE?
The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.
August 7, 2013
Romania: Another Major Privatization Ahead
Romania´s government intends to sell the publicly held share in the telecommunication group Romtelecom.
August 6, 2013
Ukraine: Negotiations with IMF as Last Exit
Seeking for an IMF loan is the last remaining alternative for the financially stricken country.
August 6, 2013
Czech Republic: Employment is the Highest Since 1998
The total employment in Q2 2013 increased by 64.9 thousand persons compared to the same period of 2012.
August 5, 2013
Croatia: Foreign Currency Loans No Danger for Banks
About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.
August 5, 2013
Bad Bank for Hypo Group?
According to market rumors, Austria´s government wants domestic banks to participate in a bad bank for the nationalized Hypo Group. Finance Minister Maria Fekter denies such reports.
August 5, 2013
Austria: Property Distribution Highly Unequal
About 10% of Austria´s population owns 70% of the nation´s wealth. The governing social democrats reaffirm that Austria needs property taxes.
August 5, 2013
Romania Initiates Structural Reforms
In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.
August 3, 2013
Croatia: Upwsing Depends on Return of Investors
Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.
August 3, 2013
Czech Republic: Interest Rates Remain Flat
The Czech National Bank (CNB) holds the base rate at its historical low. In the course of 2014, the Czech economy is expected to recover.
August 2, 2013
Poland: Slow, but Steady Progress
Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.
August 2, 2013
Austria: Leitl Demands Impulses for Growth and Employment
Enterprises need to be motivated instead of being burded by further taxes, President of the Austrian Chamber of Commerce (WKO) Christoph Leitl argues.
August 1, 2013
CESEE Remains Attractive for Austrian Investors
According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.
August 1, 2013
Austria: Verbund to Take Austerity Measures
Only a few months ago, CEO of Verbund Wolfgang Anzengruber promised that “2013 will become the best year in the company’s history”. However, there have been bad news for the energy company ever since.
August 1, 2013
Turkey: Tear Gas Against Protesters Again
Once more, the Turkish police uses tear gas to fight off protesters.
August 1, 2013
Romania’s Economic Recovery Expected to Strengthen.
Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.
August 1, 2013
Cyprus Is Showing Progress
According to estimates by its international creditors, Cyprus is showing progress at the reorganization of its state budget.
July 31, 2013
Serbia: No Early Elections Despite of Break of Coalition
Dismissal of Finance Minister Mladjan Dinkic. URS is leaving the governmental alliance. Despite of a break of the coalition, there will be no early elections in Serbia.
July 31, 2013
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