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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
Lithuania´s Financial Assets Growing Substantially
In the third quarter of 2012, the annual growth rate of Lithuania’s financial assets (6%) exceeded that of liabilities (5%).
January 10, 2013
Serbian Government Emphasizes Need of Austerity
The government in Belgrade has prepared a fiscal consolidation program. In the next years, the public debt quota is expected to decrease slightly.
January 10, 2013
Poland: Euro Introduction Still Unpopular
Polish citizens still reject giving up their national currency. The government wants to persuade the people.
January 10, 2013
Serbia to Sign Loan Agreement with Russia
Tomorrow, Serbia´s Minister of Finance Mladjan Dinkic will visit Moscow.
January 10, 2013
Poland: NBP Cuts Interest Rate Again
Poland´s National Bank has decided to lower the base rate for the third time in a row.
January 10, 2013
Slovenia to Cut Corporate Tax Rate
In order to improve the labor market situation, the Slovenian government has decided cut the corporate tax quota by three percentage points.
January 9, 2013
Czech Republic: Government Crisis Solved
The Czech government remains for the time being. Before, the smallest governing party seemed to leave the coalition.
January 9, 2013
Nowotny Expected to Remain for Full Term
Finance Minister Fekter thinks that Nowotny will not resign before the end of his new term.
January 9, 2013
Slovenia: Government in Crisis
After severe allegations of corruption, Slovenia´s government is under pressure.
January 9, 2013
Central Europe's Relations With the U.S.
Philip H. Gordon from the Bureau of European and Eurasian Affairs at the U.S.-Central Europe Strategy Forum, Center for European Policy Analysis (CEPA) in Washington, DC remarks on the issue of U.S. relations with Central- and Eastern Europe as follows.
January 9, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
NBP Plans Further Interest Rate Cuts
Further interest cuts are likely, NBP´s governor Marek Belka told FT in an interview.
January 8, 2013
OECD Criticizes Austria´s Anti-Corruption Policy
Austria’s enforcement of foreign bribery laws far too weak, but could pick up soon says OECD.
January 8, 2013
Poland: Unemployment Rate Grows Further
At the end of December, Poland´s unemployment quota reached 13.3%.
January 8, 2013
Hungarian Opposition Optimistic to Come to Power in 2014
Hungary´s opposition leader Attila Mesterhazy seems to be convinced that Prime Minister Orban will be replaced in 2014.
January 8, 2013
Serbia: Doubts About Economic Development
Milos Bugarin, President of Serbia´s Chamber of Commerce demonstrates skepticism regarding the economic outlook issued by the government.
January 7, 2013
Rostowski Initiates Debate on Eurozone Accession
Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.
January 7, 2013
Nowotny Remains Governor of OeNB
According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).
January 7, 2013
Austrian Government Bans Speculation
Austria´s Federal government, Austrian provinces and municipal authorities reach agreement on a speculation ban. Finance Minister Maria Fekter: “Comprehensive Package of measures to combat speculation with tax revenues.
January 7, 2013
Hungary: No Mandatory Voter Registration
The Hungarian Constitutional Court rejected the law proposed by the government.
January 5, 2013
Austrian Industry: „Cutting Non-Wage Labor Costs!“
The Federation of Austrian Industries (IV) suggests boosting employment by reducing non-wage labor costs.
January 5, 2013
Aiginger Praises and Criticizes Austria´s Economic Policy
Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.
January 5, 2013
Serbia: Government Expects Recovery
In 2013, the Serbians will not benefit from the economic recovery, Prime Minister Ivica Dacic says.
January 5, 2013
Croatia Faces Stagnation
Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.
January 5, 2013
Poland Plans Bank Taxes
The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013
„No Tax Reform Before 2016“
Christoph Leitl, President of the Austrian Chamber of Commerce, emphasizes that the government should focus on austerity measures.
January 4, 2013
Hungary: 55,000 More People in Work
In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.
January 4, 2013
Poland: Government to Focus on Family and Employment
Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.
January 4, 2013
EU Accession: Turkey Shows Self-Confidence
Turkey puts further pressure on Brussels. Until 2023, Turkey wants to become a EU member country.
January 4, 2013
Slovakia: Gasparovic Demonstrates Optimism
On the occasion of his traditional New Year´s speech, Slovakia´s President Ivan Gasparovic underlines that the country is able to manage the crisis.
January 3, 2013
Hungary: Dissatisfaction Grows
More than the half of the Hungarians is dissatisfied with the country´s government.
January 3, 2013
Poland: Public Debt Level Shrinks Slightly
At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.
January 3, 2013
Hungary: Public Deficit Declines
The deficit of the general government sector fell by 3.1 percentage points in the 3rd quarter of 2012.
January 3, 2013
Austrian FMA Sharpens Lending Rules for Foreign Currency Loans
The Austrian Financial Market Authority changes the rules for banks which grant foreign currency loans.
January 2, 2013
“We Must Work Until 70”
In an interview with the Austrian news magazine “Standard”, the pension expert Christopher Prinz explains that an increase of the retirement age is inevitable.
January 2, 2013
“Eurobonds Are Wrong Signal”
2013 - After crisis management it is now time to tackle issues of the future, Austria´s Ministry of Foreign Affairs says.
December 31, 2012
Bulgaria: Budget Deficit Lower than Planned
Bulgaria´s budget deficit is expected to reach about 1.0% of GDP.
December 30, 2012
Poland Promotes Privatizations
This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012
Equity Market: Erste Group Cautiously Optimistic
Earnings are expected to grow again, but vulnerabilities remain. The global debt crisis remains unsolved, Erste Group says.
December 29, 2012
Outlook: Europe Remains Under Threat
The European debt crisis will remain a major issue, Austrian Erste Group says.
December 28, 2012
Ukraine: Gold Reserves Gain in Importance
The share of monetary gold in Ukraine’s international reserves has almost doubled.
December 28, 2012
Nowotny Puts Pressure on Austrian Government
Ewald Nowotny, governor of Austrian National Bank (OeNB) wants the Austrian government to continue the austerity course.
December 28, 2012
Austria´s Public Debt Level Continues to Increase
The quarterly government debt quota in the third quarter of 2012 has reached 73.7% of GDP. In total, the debt volume reaches € 227bn.
December 28, 2012
Czech Republic Does Not Fulfill Maastricht Criteria
At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.
December 28, 2012
Slovenia: Sustersic Rules Out Coming Under Rescue Umbrella
In an interview with the Austrian news magazine “Standard”, Slovenia´s Minister of Finance Janez Sustersic says that his country is not candidate for the safety net ESM.
December 28, 2012
Lithuania: Budget Finally Approved
Lithuania´s President Dalia Grybauskaite confirmed the 2013 budget.
December 28, 2012
„We Have to Work Longer“
Christian Keuschnigg, director of the Austrian Institute of Advanced Studies (IHS) demonstrates optimism.
December 27, 2012
WIFO: „Shut Down Hypo Group“
The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.
December 27, 2012
Hungarian Government „Do Not Need Help from IMF“
Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.
December 22, 2012
Nabucco: Official Approval in Bulgaria
Bulgarian Ministry approves Nabucco National Environmental Impact Assessment Report.
December 22, 2012
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