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Switzerland in Austria | Swiss in Vienna | Bilateral Relations
Austria and Switzerland - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Austrian Tax Deal with Switzerland Wobbles
The citizens´ movement in Switzerland has collected enough signatures in order to hold a popular vote on the tax deal with Austria.
September 25, 2012
Austrian Financial Assets Decreasing
Austria is still among the wealthiest nations worldwide. According to a study of the German insurer Allianz, Austria ranks 15.
September 18, 2012
S&P: Foreign Currency Loans Endanger Austrian Banks
According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.
September 6, 2012
Record Results for MTC
Montana Tech Components could enhance revenues, earnings and profits in the first half of 2012. Revenues were up by 6%.
August 27, 2012
Is the Euro Bad for Austria?
According to UBS, the Austrian real income was down by 35% since 2000. The introduction of the euro is the main reason, UBS says. UniCredit and the Federation of Austrian Industries oppose to the study.
August 22, 2012
Foreign Currency Loans Decrasing
Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.
August 17, 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
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
Ams: Revenue Growth Reached 66%
ams reports second quarter and first half results. EBIT was up remarkably.
July 24, 2012
Staff Efficiency: CESEE Catches Up
Regarding staff efficience, Eastern Europe has reached almost the West European level.
July 21, 2012
Switzerland: Popular Vote on Tax Treaty with Austria?
The bilateral tax treaty should bring Austria up to € 1.0bn After the treaty is signed and ratified, a popular vote may prevent the deal now.
July 17, 2012
Euris Interested in Croatian TLM-TVP
The Austrian aluminum trader Euris shows interest in the Croatian aluminum rolling mill. Austrian Hypo Group is the seller, the Swiss Montana Tech Components is still a potential buyer.
June 18, 2012
Tax Treaty with Switzerland Finally Confirmed
The second chamber oft he Swiss Parliament approved the tax deal with Austria, Germany and the U.K.
June 16, 2012
Montana Tech Components Achieves Record Results
The Swiss-based MTC Group could reach a new record in revenues and earnings.
June 16, 2012
Austrian Foreign Currency Loan Level Declining
FMA Q1 2012 Quarterly Survey on Changes in Foreign Currency Loans: Volume of outstanding FX loans continues long-term fall.
June 13, 2012
TLM Sale Process Stopped
Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.
June 8, 2012
Slow Growth in Austrian Foreign Trade
January to March 2012: small increase in imports (2.3%) and exports (2.8%).
June 6, 2012
Austrian Furniture Industry Increases its Exports
In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.
June 6, 2012
Austrian Business Location: Further Slump in Competitiveness
According to the Swiss Management Institute IMD, Austria only ranks 21th among 59 analyzed countries. The Austrian tax policy is the absolute weak point.
May 31, 2012
Switzerland Ratifies Tax Treaty with Austria
The Swiss National Council approved the tax deal with Austria. Illegal funds of Austrian nationals in Switzerland will be taxed.
May 30, 2012
Switzerland: Resistance Against Tax Deal with Austria
Swiss parties are against the tax agreement with Austria. The social democrats and the Swiss People´s Party oppose the plan.
May 29, 2012
AUA: 250 Aircrew Member Leave
Until now, 80 pilots and 170 flight attendants decided to leave Austrian Airlines. The deadline runs until the end of May.
May 25, 2012
New Records for Austrian Tourism
Winter season 2011/12: with 64.3 million overnights still at a high level; new record of 16.4 million arrivals.
May 24, 2012
Black Labor Decreases
In Austria, the share of black labor is still big. However, there is a downward trend.
May 22, 2012
Keuschnigg: „Austria Needs More Federalism“
The new director of IHS (Institute of Advanced Studies) considers that a decentralization of the fiscal policy would bring more competition between the provinces.
May 18, 2012
Austria´s Bank Secret Endangered
„I will withstand.“ Maria Fekter, Austria´s Minister of Finance said. The resistance against the EU directive on the taxation of interest will not be given up, Fekter reaffirmed.
May 15, 2012
Keuschnigg Worries About Austria´s Competitiveness
The new director of IHS (Institute of Advanced Studies) Christian Keuschnigg suggests reforming the Austrian labor market. The welfare state would be too sophisticated.
May 15, 2012
Strong Increase in Austrian FDI
Only in 2007, Austrian investors made more investments abroad. Last year, FDI totaled € 22bn.
May 14, 2012
Common Energy Strategy for Germany, Austria and Switzerland
After the German nuclear exit, Switzerland and Austria should act as “green battery”.
May 2, 2012
Small Growth in Austrian Winter Season
The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.
April 26, 2012
Former GDR Funds: Bank Austria Has to Pay € 245m
Bank Austria lost a Zurich retrial over German demands for repayment of more than € 245m linked to the former East German Communist Party.
April 21, 2012
Austrian Opposition Increase Criticism on Swiss Tax Deal
For FPÖ, the tax deal with Switzerland is a “gift for tax evaders”. The Green Party sees support for tax fraud.
April 18, 2012
Tax Deal Fiercely Criticized
Last week, Austria concluded a tax treaty with Switzerland. For experts, the deal does not solve the main problems.
April 16, 2012
Austria and Switzerland Signed Tax Treaty
Austria´s Finance Minister Fekter signed the tax treaty with her Swiss colleague Eveline Widmer-Schlumpf. In 2013, additional tax intake of € 1.0bn is expected.
April 14, 2012
Swiss-Austrian Tax Treaty to be Signed
The tax treaty between Austria and Switzerland will be signed tomorrow on Friday. The tax rate is set at 38%.
April 12, 2012
Tax Treaty with Switzerland Close to be Finished
Austria aims for reach a tax agreement with Switzerland in order to tax illegal funds deposited by Austrian nationals at Swiss banks. An agreement seems to be within reach.
April 11, 2012
Where is Austria´s Gold?
The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.
April 10, 2012
Failed Austerity Package: „Austrian Rating Not Affected“
Bernhard Felderer, director of IHS (Institute of Advanced Studies) thinks that the incomplete austerity package has no effect on Austria´s prospects to return to the Triple-A status.
April 7, 2012
„AUA Must Achieve Turnaround on its own“
Christoph Franz, CEO of Lufthansa explains that the Austrian subsidiary will act independently also in future. Also the restructuring must be completed without Lufthansa´s help.
April 7, 2012
Austria Must Underline its Headquarter Function
Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.
April 2, 2012
Swiss Tax Treaty: Austria Under Pressure
The Austrian Minister of Finance is optimistic to conclude the Swiss tax deal by 2013. Proceeds of € 1.0bn are expected.
March 28, 2012
Strabag Expands in Switzerland
The Swiss subsidiary of Austrian Strabag enters into strategic partnership with BH-Holding AG in Zurich and Zug.
March 22, 2012
Tax Agreement with Switzerland May Be Postponed
The plans of the Austrian government to conclude a tax agreement with Switzerland soon is unlikely. For the budget, this could cause a loss of revenues.
March 17, 2012
Doubt About Austerity Package
Austria´s Finance Minister Fekter had to defend the government´s austerity package again. Experts are in doubt about the successful implementation.
March 15, 2012
Stagnation at Vienna Stock Exchange
At the moment, the Viennese Stock Exchange (VSE) has no new IPO´s to announce. The atmosphere in Vienna would be not investment-oriented enough, market observers say.
March 13, 2012 · Updated: March 13, 2012; 19:11
Ascom Divests its Security Communication Business in Austria
The Swiss IT solution provider sells its subsidiary Ascom Austria Ges.m.b.H. in a management buy-out to the current Managing Director Peter Bernhofer.
March 13, 2012
„The Public Sector Does not Get Enough“
Klaus Pöttinger, President of Upper Austria´s IV takes Switzerland as model. Taxes would be too high, efficiency of the public sector is too low, he says.
March 9, 2012
Imports Grow Stronger than Exports
January to December 2011: Austrian imports rose by 15%, exports increased by 12%.
March 9, 2012
Hammerer Aims For Growth in Italy
The Austrian aluminum company wants to acquire a site of the U.S. Alcoa in Italy.
March 7, 2012
Tax Treaty: Conflict with EU
The EU rejects Austrian tax treaty plans with Switzerland. Austria insists on the bilateral agreement.
March 7, 2012
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