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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
Croatia Considers Leasing Out Highways
In order to reduce the budget deficit, Croatia plans to privatize its highway network.
December 8, 2012
Croatia: EU Scepticism Grows
After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.
December 8, 2012
Slovenia Sharpens Austerity Measures
The Slovenian Parliament resolved the budgets for 2013 and 2014. The country tries to fulfill the Maastricht criteria.
December 8, 2012
Fiscal Policy: OECD Warns Slovakia
OECD´s Secretary General Angel Gurria calls Slovakia to improve its fiscal efficiency. The tax collection must be professionalized, he says.
December 8, 2012
Southeast Europe Agrees on Growth Strategy
In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.
December 8, 2012
Czech Republic: Klaus Rejects ESM
Czech Republic´s President refuses to grant consent to the ESM bill.
December 7, 2012
Slovakia: Strong Increase in Foreign Trade
In September 2012, compared with the corresponding period last year, the total export of goods increased by 9,6 % to EUR 5 616,6 million and the total import by 7,7 % to EUR 5 277,3 million.
December 7, 2012
Serbia: Government Demonstrates Optimism
Serbian Minister of Economics Mladjan Dinkic expects that the country´s exports will grow substantially in the next years.
December 7, 2012
"Increasing polarisation in Egypt puts the country's development at stake"
Austria´s Vice-Chancellor Michael Spindelegger is concerned about latest development in Egypt.
December 6, 2012
Belka: “Poland Is Free of Economic Imbalances”
The governor of the Polish National Bank (NBP) admits that the economic slowdown is substantial, but no fundamental problem.
December 6, 2012
Juncker´s Succession: Faymann Out of the Race
The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.
December 6, 2012
Slovakia: Unemployment Grows
In the third quarter of 2012, the Slovak unemployment quota was up by 0.5 percentage points to 13.7%. At the same time, employment is growing substantially.
December 6, 2012
Bulgaria Puts Pressure on Nabucco
Bulgaria wants the Nabucco project to start as soon as possible.
December 5, 2012
Czech Republic Still May Use Veto Against Banking Union
The Czech government wants to secure the rights of national regulation authorities.
December 5, 2012
Polish Government Retains Budget Assumptions for 2013
Poland´s Prime Minister Donald Tusk said that there is no need to change the economic assumptions at the moment.
December 5, 2012
Slovakia: Flat Tax Replaced New Tax Model
After nine years, Slovakia abolishes the flat tax. Corporate profit tax was increased from 19% to 23%.
December 5, 2012
Transparency International: Austria Falls Back
According to TI´s corruption index, Austria lost several places again.
December 5, 2012
Survey: More and More Austrians Affected by Financial Crisis
Compared to 2010, the number of Austrian citizens who see themselves affected by the current financial crisis grew by 50%.
December 5, 2012
Measuring Poverty in the EU: third International EU-SILC Conference in Vienna
The third International Conference on EU Statistics about Income and Living Conditions (EU-SILC) will be opened in Vienna on Thursday, 6 December 2012.
December 5, 2012
Serbian Government Emphasizes Austerity Policy
Next year, the Serbian budget deficit is expected to come at 3.3% of GDP. Until 2015, the deficit will be lowered further, the government says.
December 4, 2012
„Banking System Becomes More Solid“
The chairman of OeNB (Austrian National Bank) Ewald Nowotny thinks that the banking supervision and the Basel III framework will stabilize the financial markets.
December 4, 2012
Banking Supervision: Fekter Calls for Flexibility
Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.
December 4, 2012
Faymann as Juncker´s Successor?
Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.
December 4, 2012
Austrian Industry Calls for Flexibilization of Short-Time Work
Austrian businesses expect that short-time work may return. Three years ago, the
December 4, 2012
Fischer Meets Kirchner
The Austrian President Heinz Fischer has started his state visit in Argentina.
December 3, 2012
Rothensteiner: „No Credit Crunch“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.
December 3, 2012
Poland: Piechocinski to Become New Deputy Prime Minister
After the resignation of Waldemar Pawlak, the Polish government will not collapse, observers say. PSL´s new party leader Janusz Piechocinski is expected to succeed Pawlak.
December 3, 2012
Poverty: People in Romania and Bulgaria Most Affected.
In 2011, 24% of the population were at risk of poverty or social exclusion, which is corresponding to around 120 million persons. The Czech Republic ranks first.
December 3, 2012
Hungary Considers Reducing Foreign Exchange Reserves
In order to repay loans, the Hungarian government is said to reduce the foreign exchange reserves of MNB (Hungarian National Bank). The government does not need to fear resistance by MNB.
December 1, 2012
“Eurozone On Stable Ground”
Austria´s Minister of Finance Maria Fekter is optimistic. Spain, Portugal and Ireland are making substantial progress. However, the crisis is not over yet, she notes.
December 1, 2012
Pension Costs to Increase Moderately
According to CNB (Czech National Bank), pension costs will increase by 3.0% of GDP in the next fifty years.
November 30, 2012
„Property Taxes are Nonsense“
Austria´s Minister of Finance Maria Fekter reaffirms that property taxes must be prevented.
November 30, 2012
Inflation in Ukraine Remains at Zero Level
“Effective management of the financial sector allows Ukrainian authorities to hold inflation.” NBU (National Bank of Ukraine) states.
November 30, 2012
"Croatia on the final stretch towards EU membership"
Austrian State Secretary encourages Zagreb to take final steps of reform.
November 30, 2012
Slovenia to Inject Further Money in NLB
The biggest Slovenian banking group NLB records a capital shortfall of € 375m. Risky loans reach more than € 1.5bn.
November 29, 2012
Poland: Measures Against Shrinking Population
Poland´s Prime Minister Tusk announced that the government will improve its social policy. In the next 40 years, the Polish population might decrease by 6 million.
November 29, 2012
IMF: Higher Risks for Austrian Banks in CESEE
In an interview with the Austrian news magazine “Presse”, IMF´s Executive Director Johann Prader explained that the European debt crisis has arrived in Central, East and Southeast Europe.
November 28, 2012
„Too Many Banks in Austria“
Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.
November 28, 2012
Austrians Reject Further Bank Aids
About 61% of the Austrian citizens are against further bank aids by the Austrian state. Economists fear that the bank aids are lost forever.
November 28, 2012
Ukraine: “Stability of Currency Not Endangered”
Ukrainian businessmen are confident in the stability of hryvnia, the Ukrainian National Bank says.
November 28, 2012
Serbian Industrial Sector Expands
Surprising summer industry growth, local demand might hold more growth. Real wages grow slightly, Raiffeisen Research states.
November 28, 2012
Serbia: Budget Deficit Soared by 22.4%
This development was supported by sharper expenditures enlargement (+8.0% yoy) while fairly small revenue increase (+5.1% yoy), delivering public debt/GDP to 53.8% in September 2012.
November 28, 2012
"Foreign policy means security policy"
Vice-Chancellor explains Austria's foreign policy commitment in his annual address at the UNA-Austria and demands global nuclear disarmament.
November 28, 2012
Fekter: “We Have to Avoid Another Haircut”
Austria´s Minister of Finance Maria Fekter argues that another haircut would “constitute abuse of public office.”
November 28, 2012
CESEE: Social Protection Still Underdeveloped
EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.
November 27, 2012
Austria and France Develop European Alpine Strategy
Austria´s State Secretary Lopatka discussed current issues of European policy with Minister of European Affairs Cazeneuve and Minister of Development Cooperation Canfin in Paris on 23 November
November 27, 2012
"There is no alternative to intercultural and interreligious dialogue"
UN Secretary General and high-ranking political representatives and religious leaders attend the opening of the new Dialogue Centre in Vienna.
November 27, 2012
Romanian Central Bank on Hold
Romania´s Central bank remained on hold at its most recent monetary policy meeting on 2 November, keeping the monetary policy rate unchanged at 5.25%.
November 27, 2012
Romania: Fiscal Situation Improves
“Public budget deficit amounted to only 1.2% of GDP at the end of September, which was better than we had expected.” Raiffeisen Research states.
November 27, 2012
Nowotny: „CESEE Needs New Growth Model“
Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.
November 26, 2012
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