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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
European Congress of Small and Medium – Sized Enterprises in Katowice
From 24th to 27th September 2012, the II European Congress of Small and Medium – Size Enterprises will take place in Katowice, Poland. 50 discussion panels are planned including over 250 speakers with 3500 participants.
August 21, 2012
Hungary´s Public Debt Decreasing
Due to the weak euro, Hungary´s public debt quota decreased by 1.3% percentage points within only one quarter.
August 20, 2012
Central and East Europe Summit in Vienna
Vienna Stock Exchange Group invites CEE companies and politicians in October 2012.
August 20, 2012
Rasinger Wants to Become ÖIAG´s Chairman
In July, the Austrian investor representative Wilhelm Rasinger confirmed his willingness to become ÖIAG´s new director.
August 18, 2012
Does the Euro Collapse Now? (Part 2)
The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.
August 18, 2012
Poland Does Not Expect Recession in 2013
The Polish Minister of Finance Jacek Rostowski explained that the Polish economy will grow by 2.5% this year.
August 18, 2012
Does the Euro Collapse Now? (Part 1)
The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.
August 17, 2012
IV Emphasizes: „New Taxes Harm Growth and Jobs“
Georg Kapsch, President of the Federation of Austrian Industries (IV), calls for growth stimulating measures. The industrial sector is the growth engine for Austria, he argues.
August 17, 2012
Poland´s Deficit Target in Danger
The Polish government may fail the 3.0% deficit target in 2012. Above all, the economic slowdown is a risk factor.
August 17, 2012
Paierl Said to Become Next Chairman at ÖIAG
After months of discrete discussions, the new chairman of the Austrian Industrial Holding (ÖIAG) seems to be certain.
August 16, 2012
Switzerland: „Austrian Tax Deal Will Withstand“
The Swiss Parliament´s President Hans Altherr thinks that the Swiss tax deal with Austria will withstand a popular vote.
August 16, 2012
Hungary Faces Recession Again
In the second quarter of 2012, Hungary´s GDP was dwon by 0.2%. The decrease in exports is the main reason.
August 16, 2012
Slovakia Fights Against Budget Deficit
In order to comply with the EU Stability Pact, Slovakia needs to cut public expenses by € 630m.
August 16, 2012
Property Taxes: Controversy Between Austrian Government Parties
The Austrian social democrats still push for introducing property taxes. The coalition partner ÖVP rejects the idea.
August 14, 2012
Slovenia to Establish a Bad Bank
The Slovenian government wants to support the financially stricken banking sector. Risky assets should be outsourced to separate banks.
August 14, 2012
Stronach Enters Political Stage
The Austro-Canadian industrialist Frank Stronach founds his own party and intends to run for the next election in 2013. Stronach wants Austria to leave the Eurozone.
August 13, 2012
Succession: Difficult Search at ÖIAG
The search for a new director for the Austrian Industrial Holding proves difficult. In spite of the attractive job, many potential candidates rejected.
August 13, 2012
Tax Deal with Switzerland in Doubt
After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.
August 13, 2012
FMA Pushes for Bank Insolvency Law
The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.
August 7, 2012
Austrian Railways „Fit for the Capital Market in a Few Years“
Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.
August 6, 2012
ÖIAG: New Potential Candidate
Rumors on the succession of Markus Beyrer do not break up. The manager Werner Lanthaler seems to have good prospects.
August 6, 2012
Serbia: Struggle for Central Bank Sharpens
After the resignation of governor Dejan Soskic, the EU warns Serbia of abolishing the independence of the Serbian Central Bank.
August 6, 2012
IHS Pleads for Inheritance Tax
Christian Keuschnigg, director of the Austrian Institute of Advanced Studies, thinks that an inheritance tax would be a contribution for more equality.
August 4, 2012
Dispute Over Bank Taxes
In Austria, only 82 of 787 banks have to pay bank taxes. Above all, the Raiffeisen sector and the Volksbanken sector are excluded.
August 2, 2012
Budget Crisis: Serbia to Reduce Foreign Exchange Reserves
In order to mend Serbia´s budget hole, the government plans to amend the Central Bank law.
August 2, 2012
ÖIAG: Search Goes On
The number of candidates for the succession of Markus Beyrer as CEO of the Austrian industrial holding keeps within limits.
August 2, 2012
Czech Republic: Erste Group´s CEO Advises Against Introducing the Euro
According to Andreas Treichl, the Czech Republic should not enter the Eurozone now.
August 2, 2012
Hungary: Slow Progress in Talks with IMF
The negotiations with IMF about a € 15bn loan will be resumed in September. According to economists, a final agreement is highly uncertain.
August 1, 2012
CESEE: Still High Degree of Corruption
According to Transparency International, „political influence over independent institutions is a systemic corruption risk in the Czech Republic, Hungary, Poland and Slovakia“.
July 31, 2012
Spindelegger: “EU human rights policy has been given a voice and face”
Austria’s Foreign Minister congratulates Stavros Lambrinidis on his appointment of EU Special Representative for Human Rights.
July 30, 2012
Kommunalkredit Sale: „There are potential buyers“
Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.
July 27, 2012
ÖIAG: Malanik to Succeed Beyrer?
In June, Markus Beyrer decided to leave the Austrian Industrial Holding (ÖIAG). The former management board member Malanik could succeed.
July 27, 2012
IHS: Austria Grows Faster Than Eurozone
The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.
July 26, 2012
Vienna Stock Exchange: „Too Early for Investments“
VSE´s CEO Birgit Kuras explains why listings at Vienna Stock Exchange are declining. In the medium term, the conditions for the equity market would be favorable, however.
July 26, 2012
Nowotny Wants Bank License for ESM
The governor of OeNB (Austrian Central Bank) Ewald Nowotny told the news agency Bloomberg that there would be some good reasons for this solution.
July 26, 2012
Constitutional Court: ESM Examination Takes up to 6 Months
According to the biggest Austrian opposition party FPÖ, the European Stability Mechanism violates the Austrian constitution.
July 25, 2012
EU: "Growth without New Debt"
Austrian State Secretary Wolfgang Waldner at the General Affairs Council in Brussels: “Further intensive work on Europe in the next six months under Cypriot EU Presidency”
July 25, 2012
Aiginger: „Feeding Banks Makes No Sense“
The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.
July 24, 2012
Fekter: Greek Exit is „No Issue“
Austria´s Finance Minister Maria Fekter thinks that a Greek exit is no option for the time being. „We wait for the report of the Troika.“
July 24, 2012
EU Commission Approves Orange Takeover
The Hong Kong-based telecommunication company Hutchison is allowed to acquire the third-largest player in Austria.
July 23, 2012
IMF: Doubt on Hungary´s Economic Data
For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.
July 23, 2012
Bank Insolvency Law: No Austrian Solo Run
Austria´s government changed its mind. There will be no national bank insolvency law. Austria will wait for a European solution instead.
July 23, 2012
Austrian Bank Aids: Losses Total € 3.4bn
The nationalized banks are a substantial risk factor for Austria´s budget. Losses may increase further.
July 23, 2012
„Competitors are Still Far Away“
Vienna is under pressure. The Austrian capital has to compete with Warsaw, Budapest and Prague as headquarters location for the CESEE region.
July 23, 2012
Growing Pressure on Viennese Location for Headquarters
The Viennese Chamber of Commerce intensifies the dialogue with international headquarters. In autumn, the first headquarter congress will take place in Vienna.
July 21, 2012
Slovakia: Bank Tax Should Reach € 1.0bn
The Slovakian government raised the bank tax up to 0.4% on deposits. Once the tax intake totals € 1.0bn, the tax should be abolished.
July 21, 2012
Slovenia in Financial Distress
In order to prevent becoming a bail-out candidate, the Slovenian government aims to resolve a „debt brake“. It turns out that this goal is highly uncertain.
July 21, 2012
"Wage Cuts in Southern Europe Inevitable"
Christian Keuschnigg, director of the Austrian Institute of Advanced Studies thinks that a fiscal union will not work. The recession in Southern Europe will go on.
July 21, 2012
Hypo Group: „As Little Bank Aids as Possible“
Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.
July 20, 2012
Fear of Capital Shortfall at Austrian Banks
The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.
July 19, 2012
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