Austria International Political News | International | EU | Domestic

Read the latest headlines about developments in Austrian politics with reference to the international interest

Pressure from EU on Orban Increases

EU demands that Hungary withdraws the changes to the constitution.

May 8, 2013

Austria: Task Force for Hypo Group

The Austrian government is going to establish a task force for the nationalized by force problem bank Hypo Alpe Adria Group.

May 8, 2013

Czech Republic: Extraordinary Income Boosts CEZ Results

Increase in net profits by 24 % results from revenues from the certificates and integrations.

May 8, 2013

EU Commission: Action Plan for Steel Industry in Europe

During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.

May 7, 2013

Serbia: „Dependent on EU“

Serbia hopes to be able and make the next steps toward an EU membership.

May 7, 2013

Commission: European Economy to Stabilize in First Half of 2013

The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.

May 7, 2013

OMV: Investments in Austria to Increase to € 450m

With extra investments OMV intends to improve the exploration of domestic production fields. However, there are currently losses in the gas business.

May 7, 2013

European Forum Alpbach and IIASA to Enter Strategic Partnership

The International Institute for Applied Systems Analysis (IIASA) and the European Forum Alpbach have entered into a strategic partnership aimed at fostering sustainable solutions to global problems.

May 7, 2013

Magna Negates Downsizing

The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.

May 6, 2013

Semeta Confident Austria and Luxembourg Stop Blocking

EU Tax Commissioner Algirdas Semeta does not expect any blocking by Austria for the loosening of the bank secret for foreigners and the transition to the automatic exchange of information.

May 6, 2013

Slovenia: No Agreement on Fiscal Rule

Coalition and opposition remain divided over the question on when to implement the new fiscal law.

May 6, 2013

Spindelegger: Support for Serbian EU Membership

Vice Chancellor and Exterior Minister Michael Spindelegger has promised full support for Serbia on its way to a full EU membership.

May 6, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

EU: Hungary and Slovenia Have to Act Quickly

The European Union issued warnings to Slovenia and Hungary to move quickly.

May 6, 2013

30th Financial Conference - Where are we and where are we headed?

Slovenia will witness further privatisation in 2013

May 6, 2013

Austria: Restructuring Plan for Hypo Group Threatened By Rejection

The restructuring plan of Austrian crisis-struck banking institute Hypo Group is threatened to be rejected by the EU Commission.

May 6, 2013

Magna: Workstaff in Europe to be Reduced

According to CEO Walker the factory in Graz needs to become more efficient.

May 6, 2013

Slovenia: South Stream Gas Pipeline Project to Get National Priority Status?

Russia urges Slovenia to give the South Stream gas pipeline project national priority status.

May 6, 2013

Croatia: Pushing Ahead With Croatia Airlines Restructuring

Despite of protests of employees restructuring measures will be continued.

May 3, 2013

Rehn: „Everything Needs to Be Done Against Unemployment“

Commissioner Rehn announced the economy would slowly emerge from recession. Stabilization is expected in the first half of 2013.

May 3, 2013

Success for Slovenian Bonds at US Market

Slovenia was able to gain some of the required funds for the restructuring of its banking sector through the US bond market.

May 3, 2013

Dacic to Promote for Serbian Economy in US

Serbia's Prime Minister plans economic trip to United States.

May 3, 2013

Albania and Poland to Enhance Diplomatic Relations

Albania's Minister of Foreign Affairs received the Ambassador of Poland, Mr. Marek Jeziorski this week.

May 3, 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

Austria: Commission Wants Roadmap to Hypo’s Future

The EU Commission wants the Austrian government to announce the next steps for Hypo Group until the end of this month.

May 2, 2013

Croatia Airlines To Cancel Flights After Staff Went On Sick Leave

Croatia Airlines had to cancel 13 flights on May 1, after 25% of the airlines staff went on a sick leave, in what the heads of the airline consider a protest against changes to employment conditions.

May 2, 2013

Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“

President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.

May 2, 2013

Austria: EVN Results Expected to Be Below Estimates

EVN specifies expected consolidated Group net profit as of 09/30/2013

May 2, 2013

Germany: Upgrade and Expansion at Zumtobel Plant in Usingen

Lighting manufacturer invests 1.2 million euros in energy concept and factory hall expansion. Annual energy savings of approx. 25 per cent. EU Green Building certification applied for.

May 2, 2013

Romania: US Chevron to Explore for Shale Gas

Chevron gets green light for exploration of shale gas in Dobrogea blocks.

May 2, 2013

Hypo Group to Get a Bad Bank?

Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.

April 30, 2013

Lopatka: „Poland Important Economic Partner and Ally of Austria in EU“

Austrian State Secretary encourages bilateral relations and trade between the two Central European countries as well as improved relations between EU and US.

April 30, 2013

Joint Energy Diversification Plans for Ukraine and EU

Ukraine and EU share Energy Diversification Plans - Energy Community Official.

April 30, 2013

Romania: OMV Petrom, Exxon And Transgaz To Team Up

According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.

April 30, 2013

Austria Still With Lowest Unemployment Rate

Euro area unemployment rate at 12.1%. EU27 at 10.9%

April 30, 2013

Austria: Government Shows Unanimity About Banking Secret

Fekter criticized Social Democrats.

April 30, 2013

Cyprus: Parliament to Vote on Bail-Out Package Today

Narrow majority of MPs expected to vote in favor.

April 30, 2013

Asmussen: “New Eurozone Members Will Reap Benefits of Initial Phase”

CEEs and The Crisis: Current Challenges and Benefits

April 30, 2013

Selling of Hypo Group Would Cost Austria Dearly

The selling of Hypo Group would cost the Austrian state around € 16bn.

April 29, 2013

„Slovenia Can Manage On Its Own“

In an interview with Austrian newspaper Kurier, President of the Slovenian Bankers Association France Arhar stresses that Slovenia is not the new Cyprus.

April 29, 2013

EU Ready to Adopt Measures Over CEZ in Bulgaria

Van Rompuy promised to take actions during his visit in Prague.

April 29, 2013

Eurozone: Household Savings Rate Decreased Significantly

Household saving rate down to 12.2% in the euro area and to 10.7% in the EU27. Household real income per capita fell by 1.1% in the euro area.

April 29, 2013

Tax Burden: Austria Above EU Average

The overall tax-to-GDP ratio in the EU27 up to 38.8% of GDP in 2011. Labour taxes remain major source of tax revenue.

April 29, 2013

Austria: Solution for Bank Secret Issue Until May 22

After the recent turbulances within the Austrian government coalition, Chancellor Werner Faymann hopes to find an agreement with the EU concerning the bank secret until May 22.

April 29, 2013

Kapsch TrafficCom Last Bidder for Major Project in Slovenia

Austrian listed electronic toll system provider Kapsch is the only bidder for the establishing of an electronic toll system for trucks in Slovenia.

April 26, 2013

Van Rompuy Encourages Romania to Become Eurozone Member

During his one-day visit to the Romanian capital, President of the European Council Van Rompuy noted Romania’s progress and stressed the importance of a banking union within the Eurozone.

April 26, 2013

Poland: Trade Union Threatens With Protests

The conflict between the trade union Solidarnosc (solidarity) and the Polish Government aggravates.

April 26, 2013

EU Commission to Start Proceedings Against Hungary

On Wednesday, Justice Commissioner Viviane Reding told reporters in Brussels that the EU Commission will probably launch infringement proceedings against Hungary.

April 26, 2013

Foreign Enterprises Complain About Romanian Policy Making.

Regulations in energy sector were changed overnight.

April 26, 2013

Verbund AG: Closing of The Asset Swap With E.ON

Verbund, Austria’s leading electricity company, and E.ON, one of the world’s largest energy providers, finalised the asset swap that was signed on 3 December 2012.

April 26, 2013