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Austria and Western European countries - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
Western European Expats in Vienna, Austria | Bilateral Relations
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
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
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
Botlek Lift Bridge: Major Order for Waagner-Biro
Waagner-Biro Bridge Systems AG has received de order for the drive system of "Botlek lift bridge" with a value of € 30m and has firmly established itself against well-known international competitors.
July 17, 2012
OMV Steps into Deep Water Gas Development in Northern Norwegian Sea
OMV acquires 15% stake in the Aasta Hansteen field development from ExxonMobil and increases its stake in the Norwegian Sea Gas Infrastructure project by 6.15%.
July 13, 2012
Fischer Wants to Check ESM
Austria´s Federal President Heinz Fischer does not sign the ESM approval by the Austrian Parliament yet. „I am not under time pressure.“ he says.
July 11, 2012
Stable Outlook for Austrian Industrial Sector
Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.
July 11, 2012
Austrian Show Case „Engineering“ in Denmark
From 5. September 2012 to 6. September 2012, the Austrian consulting and engineering sector presents its knowledge and skills in Copenhagen.
June 29, 2012
Fiscal Pact More Expansive for Austria than for Germany
According to the latest calculations, small Eurozone member states would have to pay higher transfers than Germany.
June 26, 2012
Immofinanz Expands into Netherlands
With the acquisition of a property in the Dutch city of Den Bosch during mid-June, the Austrian real estate Group has further expanded its self-storage portfolio.
June 26, 2012
Fekter Promotes Financial Transaction Tax
There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.
June 23, 2012
Green Party: ESM Approval Depends on Financial Transaction Tax
The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.
June 22, 2012
„Austria Must Not Become Mediocre“
The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.
June 18, 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
Austria Stresses Balance Between Growth and Austerity
At the negotiations on the EU financial plan 2014 – 2020 in Denmark, Austria proposes to establish a growth fund accessible to SMEs.
June 13, 2012
Andritz Biomass Plant Opened in Sweden
The operation of Andritz' third biomass power plant in Sweden has been successfully transferred to its owner, Bollnäs Energi, during a celebration on 25 May 2012.
June 6, 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
Alpine: Major Contract in Norway
The Austrian construction company gained another contract in Norway. The contract value amounts to € 170m.
May 31, 2012
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
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
Slim to Enter Telekom Austria?
The Mexican investor Carlos Slim, who is currently the world´s richest man, is said to acquire stakes in Telekom Austria.
May 18, 2012
Strong Increase in Austrian FDI
Only in 2007, Austrian investors made more investments abroad. Last year, FDI totaled € 22bn.
May 14, 2012
Major Orders for Sandvik Austria
The Austrian subsidiary of the Swedish plant construction group achieved two major orders in Brazil and Laos.
May 11, 2012
ÖIAG Seeks For Partner Against Pecik
The Austrian Industrial Holding ÖIAG, which is still the largest shareholder of Telekom Austria, wants to gain a strategic investor.
May 5, 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
ESM: The Final Ruin of Europe
Solidarity with financially stricken EU countries cannot justify the irrevocable loss of national sovereignty. The transfer union will only work until the financial collapse of Germany and Austria.
May 2, 2012
AMAG Sale Completed
The last tranche in the Austrian aluminum producer AMAG was sold by CP Group/One Equity Partners to the Austrian B&C Industrieholding AG.
April 25, 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
„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
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
Norway Is one of Austria´s Most Important Wine Market
Austria's wine sector set a new export record at € 126m (an increase of 2.6% over the previous year) in 2011.
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
Denmark: Alpine Participates in Major Tender
New Railway Line in Copenhagen: Invitation to tender for Austrian company Alpine Bau GmbH.
March 20, 2012
Telekom Austria: Pecik Denies Sales Talks
The Austrian investor Ronny Pecik is said to have had sales talks with China Mobile. Pecik reaffirms to remain at Telekom Austria as “long-term investor”.
March 19, 2012
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