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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
Austria: Budget Deficit in 2012 Lower Than Expected
The country has reached a significantly lower deficit than the government had expected. According to Statistik Austria, the deficit was at 2.5 % of GDP in 2011, equaling € 7.7bn.
March 28, 2013
Cyprus: Trying to Avoid Chaos at Banks
Today, Cyprus‘ banks are supposed to be opened after almost two weeks of closing. The citizens are called for calm and there are limits for drawing money. The currency rate was downgraded to Caa2 by Moody’s.
March 28, 2013
CESEE: CR More Attractive for FDI Than SK
Foreign investors regard the Czech Republic more attractive than Slovakia.
March 27, 2013
Poland: VAT Expected to Remain At 23 %
Prime Minister Tusk announced that there will be no return to the 22 % VAT which was planned for 2014.
March 27, 2013
Cyprus: Mandatory Levy on Assets Not Yet Fixed
Banks in Cyprus will open again tomorrow, yet the capital flow is still limited. Dijsselbloem is criticized by the ECB. Bank employees demand Demetriades’ stepping down.
March 27, 2013
Moody’s Warns EU
The rating agency warns the EU governments about over-estimating the ability to overcome the Euro-crisis.
March 27, 2013
EU’s Austerity Cuts Adverse to Health
EU’s austerity measures negatively affect citizen’s health, is the result of a health study carried out by “The Lancet”. The Commission was supposed to examine the political effects.
March 27, 2013
Strikes Paralyze Poland
Protests against government’s changes in education, social and labor policy.
March 27, 2013
Czech Republic: EGAP Covered Exports of CZK 72bn
Minister of Industry and Trade, Martin Kuba says: EGAP will focus more on supporting small and medium-size enterprises
March 27, 2013
Hungary: Tax Overhaul Finalized
Minister for National Economy: taxation system completed - time for fine-tuning.
March 27, 2013
Dacic Meets Forbes
Serbia has good investment opportunities, according to Christopher Forbes.
March 27, 2013
Cyprus: Outflow of Billions of Euros Presumed
Investors in Cyprus could face haircuts up to 50 %. Parliamentary President, Omirou want to go into details about the alleged transfer of assets despite of the banks closing.
March 26, 2013
Hungary: MNB to Reduce Key Interest Rate
The Hungarian National Bank (MNB) lowered the key interest rate by 25 basis points down to 5.0 %. This is the eighth downgrade in a row.
March 26, 2013
Austria: Tax Burden Lessens With Higher Income
According to an OECD study only three industrialized nations (Austria, Germany and Spain) show a degressive tax system.
March 26, 2013
Poles Reject The Euro
According to polls, two thirds of polish citizens do not want to change the zloty for the Euro.
March 26, 2013
Commission Praises Croatia’s Progress
Croatia has fullfilled all criteria for the EU accession on July 1, 2013.
March 26, 2013
Czech Republic: Gazprom to Build New Gas Storage Tanks
Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.
March 26, 2013
Ukraine and Deutsche Bank Signed Agreement
In order to finance the reconstruction of gas transportation system of Ukraine last year a loan agreement between the Ukrainian "UkrTransGas" subsidiary company "Naftogaz of Ukraine" and Deutsche Bank was signed.
March 26, 2013
Dacic to Meet Head of EULEX Mission
International mission in Kosovo to ensure complete protection of all citizens.
March 26, 2013
Medvedev Vexed Over EU
In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.
March 25, 2013
Roiss: “A European Concept and Joint Investments Are Needed“
In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.
March 25, 2013
Austria Ranks 4th in Labor Productivity.
According to a study carried out by Eurostat, Austria is among the Top 5 of the most productive countries in the EU. In the last 20 years, the country was able to increase labor productivity by 36.5 %.
March 25, 2013
Austria: Highest Rate of Foreign-Currency Debts
No other country in Europe exhibits such a high amount of private foreign currency credit users. In 2014, when the next wave of repayments is due many debtors might be in for a shock.
March 25, 2013
Cyprus: Bail-Out Package Accepted
Cyprus has been granted the € 10bn worth aid package by the EU. After ten hours of negotiations in Brussels the decision was made early this morning. Assets below € 100,000 will not be taxed.
March 25, 2013
Lithuania: Problem with Ūkio Bankas Solved
The newest Lithuanian financial market data show that the market participants positively assessed the solution chosen by the Bank of Lithuania to deal with the problem of Ūkio bankas.
March 25, 2013
Croatia: Sluggish Economic Recovery
The improvement in the financing conditions in international financial markets in the second half of 2012 mitigated the risks to Croatias financial stability to an extent.
March 25, 2013
Cyprus: Agreement on Bank Asset Tax
Today, the Cyprian government has come to a solution on the compulsory charges on bank accounts.
March 23, 2013
Cyprus: Votes on Mandatory Levy
In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.
March 23, 2013
“Polish Economy Continues to Enjoy Full Trust of Foreign Markets”
Polands Finance Minister is satisfied with the result of the auction of Polish bonds issued earlier this week.
March 23, 2013
Russia Enhances Oil Supply to China
Experts describe the dealings as a community of purpose rather than a sign of improved relations.
March 23, 2013
"Croatia Will Not Benefit From Joining The EU"
Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.
March 22, 2013
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
Fekter: “Austrians can rest easy knowing that their bank deposits are safe.”
Current situation in Cyprus is an exceptional case and not comparable in any way with Austria.
March 22, 2013
Austria to Reform Pension Plan Scheme
Roundtable symposium at Ministry of Finance on reform of private pension plan scheme
March 22, 2013
Romania: Pensions Increased by 3.4 %
By a year-on-year basis, pensions in Romania increased in the forth quarter of 2012 by 3.4 % coming up to 786 lei. Out of the total number of pensioniers, 86.1 % receive benefits from the state social insurance.
March 22, 2013
Poland’s Finance Minister Shows Optimism
Deputy Finance Minister Majszczyk announced that Poland will not exeed the planned budget deficit and forcasts economic growth for the second half of the year.
March 22, 2013
Cyprus: Negotiations About “Plan B“ Today
After days of negotiations in Moscow, Cyprian Finance Minister had to return empty-handed. Talks about “plan B” will continue today.
March 22, 2013
Medvedev: Harsh Criticism For EU At Conference in Poland
At a two day’s international press convention for EU journalists, Russian Prime Minister Medvedev has highlighted the improved political and economic interaction between Russia and Poland. However, he critized the EU on its Cyprus-politics.
March 21, 2013
Belgrade Considers Conditions Unacceptable
The sudden failure to reach a final conclusion to the Kosovo-issue puts a dampener on Serbia’s way towards the EU.
March 21, 2013
Part-Time Jobs Increase While Full-Time Jobs Are Axed
Figures in the labor market were not very satisfying due to the economy being affected by the crisis. The unemployment rate in Austria increased in 2012 more rapidly than in 2011, according to international calculations.
March 21, 2013
Hypo Group’s Silence Bewilders Bayern LB
Bayern LB is puzzled as to why former affiliate, Carithian Hypo Group, has not shown any efforts to state their position before court.
March 21, 2013
RBI to Acquire More Clients in Romania
RBI (Raiffeisen Bank International) is attaining a portfolio of private clients by Citibank via affiliate Raiffeisen Bank S. A.
March 21, 2013
Slight Improvement for Austria’s Economy in 2013/14
IHS (Institute of Advanced Studies) and Wifo (Austrian Institute of Economic Research) forecast a sluggish growth for Austrian’s economy.
March 21, 2013
Hungary: Gross Earnings Increased Marginally
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 2.5%, while net earnings excluding family tax benefits grew by 3.9% compared to 2011.
March 21, 2013
Cyprus: No Hope in Sight Yet
It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.
March 20, 2013
FCC to Cut Down On Manpower
Alpine’s parent company, Spanish construction enterprise FCC is going to cut back on 1,000 jobs. Furthermore, company shares that are not part of the core business in the amount of € 2.2bn are supposed to be sold.
March 20, 2013
Hungary: Personnel Purge at MNB
New govenor of the Hungarian Central Bank (MNB) György Matolcsy continues his purge.
March 20, 2013
Austria Showing Less Reforming Zeal
According to the so-called „D-A-CH-Reformbarometer“, a study which was commissioned by the Chamber of Commerce, Austria’s will to reform has diminished.
March 20, 2013
Time Is Running Out Fast for Serbia and Kosovo
It is probably one of the last chances for Serbia and Kosovo to make progresses for EU rapproachment.
March 20, 2013
Ukraine: Not Enough Progress
According to an evaluating report of the EU, Ukraine does not show enough progress in reforms.
March 20, 2013
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