The United States of America in Austria | American Expats in Vienna
Austria and the U.S. - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Nowotny Demands Same Rules for All Banks
Govenor Nowotny urges for a discussion about the capital requirements (Basel III) for banks, which applies only for the major banking institutes in the US but for all banks in Europe.
October 18, 2013
Austria: Voestalpine Expects Same Results as 2012
CEO Wolfgang Eder expects the same level in profits as last year.
October 17, 2013
Bank Austria: Economic Recovering in Small Steps
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
October 16, 2013
Moody’s: Poland Threatened by Outflow of Foreign Funds
Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.
October 14, 2013
Poland: Amazon to Establish Three Logistic Centers
Leading online retailer Amazon will open three major logistic centers in Poland. According to the company’s own proclamation, this step does not relate to the latest striking problems in Germany.
October 8, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
October 3, 2013
Austria: Kapsch Demands Reform Agenda From New Government
Georg Kapsch, President of the Federation of Austrian Industries (IV) demands the next federal government to introduce a comprehensive reform agenda.
September 27, 2013
Meet U.S. Ambassador-designate to Austria Alexa Lange Wesner
"I am aware of the great honor to come in 2013 as a representative of President Obama to Austria. In that year, our two countries celebrate the 175th anniversary of diplomatic relations", says the U.S. ambassador-designate Alexa L. Wesner.
September 21, 2013
Treichl: Requirements for Banks Increased Massively
According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).
September 17, 2013
Austria: Bawag to Pay Back Further State Aid
Due to lower costs and provision profits of the Austrian bank Bawag increased. From the coming year on the bank intends to pay back further state aids and plans on further withdrawing from CESEE.
August 27, 2013
Erdogan Considers Leaving U.N.
Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.
August 26, 2013
Ukraine Diversifies Sources of Reverse Gas Supply
Ukraine plans on soon opening two more routes through Romania and Slovakia.
August 22, 2013
Turkish National Bank to Increase Key Rate
In the fight against the downgrade of the Turkish Lira, the Central Bank of the Republic of Turkey (CBRT) has increased the key rate unexpectedly.
August 20, 2013
Ukraine Reduces Imports of Gas by 35 Percent
From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.
August 16, 2013
Can We Eliminate Extreme Poverty By 2030?
Over the last 200 years the world as a whole has seen a marked decline in the incidence of absolute poverty.
August 14, 2013
US to Support Ukraine Gain Energy Independence
One of the key priorities of US Ambassador to Ukraine Geoffrey R. Pyatt is the support of Ukraine to gain greater independence in the energy sector.
August 14, 2013
Eurozone: GDP Grew Slightly
Euro area and EU27 GDP both up by 0.3% -0.7% and -0.2% respectively compared with the second quarter of 2012.
August 14, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Wifo: Economic Growth with Brakes On
Economic upswing will take time. Considering the individual branches an uneven picture emerges.
August 9, 2013
Czech Republic: US Export-Import Bank Offers Loan for Temelin
The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.
July 30, 2013
Bulgaria: Signs of Economic Recovery
Bulgaria services sector marks the highest growth of FDI
July 26, 2013
Czech Republic: CEZ to Postpone Completion of Temelin
Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.
July 25, 2013
EU: Current Account with Russia Deep in the Red
EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.
July 18, 2013
Austria: Most Risks Do not Come from Eurozone
The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.
July 17, 2013
Spanish and Polish Prime Minister Support EU-US Free Trade Agreement
On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
July 16, 2013
ExxonMobil Signs Agreement with Ukrainian Government
ExxonMobil regards 45bn cubic meters of gas production realistic.
July 15, 2013
Turkey: BIST Formed Partnership with US NASDAQ
Turkey's Borsa Istanbul (BIST), one of the most profitable stock markets in the emerging world, has formed a strategic partnership deal with the US-based NASDAQ OMX Group, the owner and operator of NASDAQ stock market.
July 12, 2013
Austrian Economy Dependent on Neighbor Countries
Austria’s economy is getting through the crisis better than the Eurozone. However, the country owes this partly to neighboring countries.
July 11, 2013
IMF Downgrades Growth Prognosis for Eurozone
According to the International Monetary Fund (IMF), the prospects of growth in the Eurozone are still positive. However, they are not as good as in April. Germany and Austria are concerned as well.
July 10, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Construction of voestalpine plant in US by Siemens and Midrex
voestalpine entrusts construction of the direct reduction plant in Texas to Siemens and Midrex.
July 5, 2013
Austria: Moderate Economic Upturn
After one year of a phase of stagnation, the Austrian economy shows recovery, according to the results of economic indicator by the OeNB (Austrian National Bank).
July 5, 2013
Bolivia: “We Don’t Need a US Embassy“
Bolivian President Morales is still infuriated over the flight incident and considers closing of US embassy in La Paz. He is supported by his counterparts from Venezuela and Ecuador.
July 5, 2013
Diplomatic Uproar After Bolivian Emergency Landing in Vienna
After the allegedly forced stop of in Austria, Bolivian President Evo Morales has returned to his home country. International criticism arises, also in regard to Austria’s actions.
July 4, 2013
Slovenia: Trying to Make a Difference
The crisis measures approved by Brussels are partially starting to make an impact. Since July 1, the higher tax rate of 22 percent is binding. However, the country does much more than just raise taxes.
July 3, 2013
Vienna: Bolivian President Allowed to Continue Journey
Bolivan President Evo Morales had to land in Vienna after several European countries – among them Spain, France and Portugal – refused the right to overfly.
July 3, 2013
Snowden Applies For Asylum in Austria
Former US intelligence official Edward Snowden has applied for asylum in several countries, among them Austria, according to WikiLeaks.
July 2, 2013
Putin Offers Snowden Right to Stay
Russian President Vladimir Putin has offered fugitive IT specialist Edward Snowden a right to stay as long as he will not further harm the US.
July 1, 2013
Turkey Becoming Important Global Investor
According to the latest survey by UNCTAD, Turkey has become an important investor.
June 28, 2013
Nabucco: Flop for OMV and EU
Petrom will resume exploration drilling in offshore Black Sea block.
June 27, 2013
Austrians to Invest Strongly in FDIs
Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.
June 26, 2013
Magna Not to Leave Austria for Eastern Europe
“There will be no impacts on Austria or Styria“, a spokeswoman announced. Instead, a plant in Belgium will “probably” be closed.
June 26, 2013
Ukraine Could Become Energy Hub in Europe
According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.
June 26, 2013
US: Active Investor in Romania
US companies remained active investors in Romania last year. Particulary the IT sector, automotive industry and oil/gas sector are increasingly strengthening their local position. Foreign direct investments from the US came at more than $ 1bn.
June 24, 2013
Eder Appeals for Reindustrialization in Europe
In an interview with Austrian daily „Kurier“, Wolfgang Eder, CEO of Austrian steel producer voestalpine talks about the future of the European steel industry and the differences to the US energy policy.
June 20, 2013
World Bank: EU11 Countries Remain Attractive for Foreign Investors
Despite the slow recovery of economic activity, EU11 countries nonetheless remained attractive for foreign investors.
June 14, 2013
EU27 Foreign Direct Investment Amounts to € 171bn in 2012
Over 60% of investments from the rest of the world into the EU27 came from the USA in 2012.
June 13, 2013
Turkey: Taksim Square Forcefully Cleared
Protests expected to continue despite of severe measures.
June 12, 2013
United States Will Always Keep Its Eye on the Balkans
Montenegro's Prime Minister Milo Djukanovic met with Deputy Assistant Secretary of State for European and Eurasian Affairs Philip Riker.
June 10, 2013
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