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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
Hungary Wants Foreign Land Owners to Leave
The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.
October 15, 2012
Voestalpine: Eder Does Not Exclude to Leave Austria
Wolfgang Eder, CEO of the Austrian steel company voestalpine, underlines to stay in Austria “as long as possible”.
October 15, 2012
Austrian Audit Court Criticizes Nationalization of Kommunalkredit
According to the Austrian Audit Court, the former owner of Kommunalkredit VBAG would have survived without the nationalization.
October 15, 2012
Austria to Violate Maastricht Criteria in 2012
This year, the Austria budget deficit will not be below the 3.0% threshold. This is mainly due to the banking package.
October 15, 2012
Spindelegger: Alpine Regions Should Co-Operate
Austrian Minister of Foreign Affairs calls for closer cooperation between the Alpine states.
October 15, 2012
Klaus: “Nobel Prize for EU is a Mistake”
The Czech President Vaclav Klaus criticizes the decision of the Nobel Prize Committee. For him, the decision is a “joke”.
October 13, 2012
Orban Blames EU for Austerity Cuts
The Hungarian Prime Minister Viktor Orban explains that Hungary has no other choice but to deepen the austerity cuts.
October 13, 2012
EU Wants Austria to Reduce Bureaucracy
The Commission of the EU has presented its concept for the re-industrialization of Europe. Austria is well-positioned, but there is some potential for improvement.
October 13, 2012
Austrian Industry Reaffirms: „We need structural reforms”
The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.
October 13, 2012
Czech Government Attempts to Stimulate Growth
On the one hand, the Czech government deepens the austerity measures. On the other hand, growth-stimulating investments should be initiated.
October 13, 2012
Slovak Deficit to Reach 2.9% of GDP in 2013
The Slovak government approved the 2013 state budget. The deficit will be reduced step by step in the next years.
October 12, 2012
Czech National Bank Open for Interventions
At the moment, the Czech National Bank (CNB) sees no reason for weakening the exchange rate of the Czech Crown. However, CNB is ready to start interventions if necessary.
October 12, 2012
Austrian Economy Stagnates
According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.
October 12, 2012
Austrian Foreign Ministry Wants “Better coordination for development cooperation”
"No single country can solve all the major problems of our time alone", Austrian State Secretary Reinhold Lopatka said at the "Development Dialogue" event in Parliament today.
October 12, 2012
Poland´s Budget Deficit “Will Not Be Bigger than Planned”
The Polish Minister of finance Jacek Rostowski stresses that the planned budget deficit will not be higher than PLN 35.6bn.
October 11, 2012
Austrian Post: New Supervisory Board President Elected
Rudolf Kemler was appointed as new chairman of the supervisory board.
October 11, 2012
Albania to Become Official Candidate
The Western Balkan country was recommended by the EU Commission. Serbia and Kosovo must reach a “sustainable solution”.
October 10, 2012
Orban Rejects Joining Eurozone
The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.
October 10, 2012
Fekter Welcomes Entry into Force of ESM
Austria´s Minister of Finance "No cause for celebration, however, as we are still in the middle of stabilising the Eurozone."
October 10, 2012
Austrian Presents Piorities for the “EU budget of the future”
State Secretary Lopatka in the EU Sub-Committee of the National Council.
October 10, 2012
Fekter Happy With Financial Transaction Tax
Austrian Finance Minister Maria Fekter: "We have only created the on-ramp to the highway – details and structure to follow by Christmas“
October 10, 2012
Serbia´s National Bank Fights Against Inflation
Today, the Serbian National Bank raised the base rate from 10.50% to 10.75%. IMF has lowered the economic outlook for Serbia.
October 9, 2012
“Austria´s Capital Market Needs Reforms”
The Federation of Austrian Industries (IV) calls for increasing the attractiveness of the Austrian capital market.
October 9, 2012
Austria´s Population to Grow Substantially
Austrian population will increase to 9 million inhabitants during the next 20 years.
October 9, 2012
Financial Transaction Tax to be Introduced
Now, the financial transaction tax has enough supporters. After months of negotiations, eleven EU member countries finally agreed on introducing a financial transaction tax.
October 9, 2012
Hypo Group: Difficult Negotiations with Austrian State
The nationalized banking group urgently needs a capital injection. This year, the capital shortfall will be reduced by € 1.5bn.
October 9, 2012
„Nabucco Is not Dead at All“
The EU-Commissioner of Energy Günther Oettinger is optimistic that Nabucco will be successful. According to Austria´s Minister of Economics Reinhold Mitterlehner, the prospects of success are “50+”.
October 9, 2012
Austria Appreciates Portugal’s Efforts of Budget Consolidation
State Secretary Lopatka meets with Portuguese State Secretary for EU Affairs, Luis Miguel Morais Leitão.
October 8, 2012
Flat Tax in Austria?
The Austrian opposition party presented a “fair tax” model. The other parties criticized the proposal fiercely.
October 6, 2012
Poland: Long-Term Unemployment Becomes Problematic for State Budget
According to the consulter Deloitte, Poland is losing billions because of the long-term unemployment.
October 6, 2012
Savers Must Pay for Debt Crisis
At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.
October 6, 2012
Support for Financial Transaction Tax Keeps Within Limits
In order to introduce the tax, nine countries must agree thereon. The time pressure is growing.
October 6, 2012
"Vienna is becoming an energy hub"
New UN Office for Sustainable Energy opens in Vienna.
October 6, 2012
New Austerity Package in Hungary
In order to cut the budget defict below 3.0% of GDP in 2013, the Hungarian government plans further cuts and tax increases.
October 5, 2012
Poland´s Komorowski: “Strong Swiss Franc Causes Problems”
On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.
October 5, 2012
Slovenia to Sharpen Austerity Measures
The Slovenian centre-right government announces new austerity cuts. The budget deficit should be lowered to 3.0% of GDP.
October 5, 2012
Fekter Appeals on Banks to Prevent Credit Crunch
Banks should be more creative in financing the real economy instead of creating new financial products, she says.
October 5, 2012
"Serbia can count on Austria to be its partner"
The Austrian State Secretary encourages Serbia to embark on pro-European course.
October 5, 2012
India and Austria Sign Agreement on Shipping
A Memorandum of Understanding (MoU) on Technology Cooperation in the Shipping and Ports Infrastructure was signed on Wednesday between India and Austria, IBNS reports.
October 5, 2012
Mitterlehner: „No Economic Stimulus Package“
Austria´s Minister of Economics rejects another stimulus package for the Austrian industrial sector. The budgetary situation would not allow that, he says.
October 4, 2012
ESM: Slovakia Pays € 264m
In October, the Slovak government will transfer € 264m to ESM. This will be the first two installments.
October 4, 2012
Eastern Europe Remains Austria´s Future Region
The Austrian economist Christian Keuschnigg thinks that the opening of Austrian companies toward Eastern Europe was a “highly favourable event”.
October 4, 2012
Orange to Withdraw from Austria?
Insiders report that the third-largest telecommunication service supplier in Austria may leave. The merger with Hutchison is in a critical condition.
October 4, 2012
Poland´s National Bank Holds Interest Rate
After analysts expected that the Polish NBP cut the interest rate, the decision to hold the rate at 4.75% came as a surprise.
October 4, 2012
EU as „Serbia´s Most Important Market“
The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.
October 4, 2012
Austrian Socialists Call for New Taxes
The governing SPÖ wants to introduce new property and inheritance taxes.
October 4, 2012
Austria: Tax Fraud on the Rise
VAT evasion will come at € 2.3bn year, experts say. This is an increase by 5%.
October 3, 2012
Nine Prime Minister Discuss EU Budget in Bratislava
The Prime Ministers of nine countries of Central and Eastern Europe will meet in the Slovak capital on October 5.
October 3, 2012
Slovakia Abolishes Flat Tax
Because of the austerity pressure, Slovakia gives up its flat tax. The corporation income tax rate increases to 23% from 19%.
October 3, 2012
IMF Puts Pressure on Slovenia
Slovenia is urged to implement quick reforms. Otherwise the country may have to be bailed out by the safety net.
October 3, 2012