Sponsored
Page 8/11

Austerity

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

Europe Hinders Austrian Economy

Due to the European economic weakness, Austria almost stagnates. Slight corrections in austerity programmes, weaker euro and lower oil prices indicate an economic stabilisation in late 2012 though.

July 17, 2012

„No Austerity Measures in the Czech Republic“

The Vienna Institute for International Studies underlines that the Czech Republic´s financial situation is very stable at the moment. Austerity policies would not be required.

July 11, 2012

Nowotny on Greece: „We Do Not Have Unlimited Time“

Ewald Nowotny, the governor of OeNB (Austrian Central Bank) is concerned about the Greek austerity program.

July 9, 2012

Growth in CESEE Region Flattens Further

The Vienna Institute for International Economic Studies (WIIW) lowers ist forecast for the CESEE region.

July 6, 2012

IMF: Austria Has Favorable Economic Fundamentals

IMF in Washington DC analyzes Austrian macroeconomic outlook and is satisfied with the consolidation path.

July 4, 2012

Austrian Airlines: Operated by Tyrolean

The transfer of undertakings is completed. About 2,000 AUA staff members shifted to the regional airline Tyrolean.

July 3, 2012

Massive Austerity Cuts at Porr

The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.

July 2, 2012

„Austria Is Well Situated, but Needs Reforms Urgently“

Austria´s economic perspectives are slightly positive. The Austrian Chamber of Commerce reaffirmed its call for regional economic reforms.

June 30, 2012

WIFO Wants Unlimited Firewall

According to the Austrian Institute of Economic Research, the firewall must be big enough in order to make speculation against the euro unattractive.

June 28, 2012

Controversy About Nowotny

Ewald Nowotny, the governor Austrian Central Bank (OeNB) argued that the austerity policy in the 1930s caused the rise of the Nazi regime. A wave of indignation emerged.

June 21, 2012

„Austria Is Threatened by a National Bankruptcy“

The Austrian economist Eva Pichler warns of the ESM and appeals on the Austrian Parliament not to ratify the „recue package“.

June 20, 2012

Fitch: Austria´s AAA Not Endangered

According to the U.S. rating agency, Austria´s creditworthiness remains at a high level. Nevertheless, reforms would be needed.

June 19, 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

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

Austerity: „There is No Alternative“

The former director of the Austrian Institute of Advanced Studies appreciates the help for Spanish banks and thinks that a Greek exit is rather unlikely.

June 12, 2012

EU-Crisis: Austrian Government Underlines Necessity of „Solidarity“

The Austrian State Secretary Wolfgang Waldner calls for a centralization of economic and financial policies.

June 8, 2012

IV: „Budget Consolidation Supports Economic Growth“

The Federation of Austrian Industries pushes for structural reforms in order to cut public expenses.

June 8, 2012

AUA: Leaving Pilots Cost € 55m

Because of the austerity package, 118 pilots left Austrian Airlines. CEO Jaan Albrecht wants to bring them back.

June 5, 2012

Different Economic Dynamics Among Austrian Provinces

In 2011, Styria achieved the highest economic growth rate among the nine Austrian provinces. This year, Upper Austria is expected to lead the ranking.

June 4, 2012

341 Staff Members Leave AUA

CEO Albrecht underlines that further austerity packages are not excluded. Now, Austrian Airlines faces new challenges.

June 4, 2012

Trade Unions Wants „Just Taxation“

The Austrian Trade Unions warn of a strict austerity policy and pushes for growth stimulating measures.

June 2, 2012

EU Calls on Austria to Accelerate Reforms

Austria has to put more effort in reforms. In the fields of education, labor market, retirement plan and budget consolidation, Austria shows deficits.

June 1, 2012

Austrian Industry: „Growth Instead of Redistribution“

After the Austrian Chamber of Labor claimed he Federation of Austrian Industry underlines that Austria has the highest redistribution quota among OECD members.

May 30, 2012

Exposure in Eastern Europe Remains Austria´s Weak Point

The Commission of the European Union warned Austria of the big exposure of domestic banks in Eastern Europe. Moreover, the austerity package was criticized.

May 30, 2012

"Europe Needs Economic Growth and Budget Discipline“

Structural reforms are necessary to make Europe sustainably more competitive, Christoph Leitl, President of Austria´s Chamber of Commerce (WKO) says.

May 26, 2012

Austrian Chamber of Economics Claims Growth Package

Christoph Leitl, President of the Austrian Chamber of Commerce thinks that Austria and Europe would both need growth and austerity measures.

May 25, 2012

Austrian Economy: OeNB Demonstrates Optimism

The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.

May 24, 2012

Austrian Industrial Sector Pushes for Austerity

The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.

May 22, 2012

Austrian Health Insurance Funds Achieved Surplus

For the first time, all nine Austrian health insurance funds recorded positive result. In total, a surplus of € 291m was achieved.

May 19, 2012

AUA Dispute Brought Before Supreme Court

The Austrian trade union vida intends to prevent the transfer of undertakings. Thus, the dispute will not be settled soon.

May 19, 2012

Sorger Underlines Austrian Crisis Management

The President of the Federation of Austrian Industries Veit Sorger reaffirms the necessity of austerity and investments of the private sector.

May 19, 2012

Androsch Criticizes Political Inactivity

The former Austrian Finance Minister and industrialist Hannes Androsch thinks that both austerity and growth strategies are needed and criticizes the government sharply.

May 18, 2012

AUA: Leaving Pilots May Cost up to € 80m

The transfer of undertakings at Austrian Airlines is irrevocable, the management points out. In case of a lack in pilots, Lufthansa and Swiss would close the gap.

May 11, 2012

Austrian Stability Pact Signed

The Austrian Federation, the provinces and the municipalities agreed on the stability pact. Until 2016, a zero deficit should be reached.

May 10, 2012

Stable Development of Austrian Economy

The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.

May 10, 2012

IHS: Austerity Package Smaller than Expected

The Austrian Institute of Advanced Studies (IHS) considers the austerity package to be effective. Proceeds will be smaller than expected, though.

May 9, 2012

Dispute at AUA Goes On

After the management of Austrian Airlines refused to start new negotiations, the works council wants a vote on the transfer of undertakings.

May 9, 2012

AUA: Last Chance for Workforce

Austrian Airline´s works council tries to prevent the already resolved transfer of undertakings to Tyrolean. AUA´s management does not want to re-negotiate again.

May 7, 2012

Leitl: „EU Needs Budget Consolidation and Growth Measures“

The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.

May 5, 2012

Albrecht Wants Common Collective Agreement

After the transfer of undertakings, the CEO of Austrian Airlines aims to create a collective agreement for the whole workforce. Further cuts are not excluded.

May 4, 2012

AUA: Transfer of Undertakings Definite

The re-started negotiations between AUA´s management and the aircrew have finally failed. A mass exodus of pilots is feared.

May 1, 2012

AUA´s Workforce May Decide Against New Collective Agreement

After months of heated debates, the works council and the management agreed on a new collective agreement. The aircrew must approve the agreement.

April 28, 2012

AUA: Aircrew Wants to Negotiate

The planned transfer of undertakings will be costly. AUA´s workforce wants to negotiate with the management, strikes are not considered yet.

April 23, 2012

RHI to Cut Costs

The Vienna-listed manufacturer of fire-proof products starts a cost-cutting program. CEO Struzl pushes for more efficiency.

April 20, 2012

Triple-A Will Not Return Soon

The U.S. rating agency S&P dashes hopes that Austria may get back its “AAA” soon. Austrian banks may still face risks as the crisis is over yet, S&P says.

April 20, 2012

AUA Resolves Transfer of Undertakings

The supervisory board of Austrian Airlines decided to switch to cheaper collective agreements. The transfer of undertakings is “crucial for AUA´s survival”.

April 20, 2012

Felderer: „Another Downgrade Less Probable“

The Austrian economist Bernhard Felderer thinks that the risk of another downgrade of Austrian sovereign bonds has decreased.

April 18, 2012

Austrian Industry Underlines Austerity Policy

After the rating agency Fitch retained Austria´s triple A, the Austrian industry sees a confirmation of the need for austerity. Finance Minister Fekter emphasized to push for further reforms.

April 17, 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
Fast News Search