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Brexit
Vienna Stock Exchange: High Dependence on UK Traders
In 2018, around 60% of the equity turnover on the Vienna Stock Exchange came from UK trading participants. Hence equity turnover declined by 16.3% compared to the previous year. The most active stocks were Erste Group, OMV and Voestalpine. The SME segment "direct market plus" started with 8 companies, including 4 new listings.
April 3, 2019
Barnier Meets the Austrian Government - What's the Point of a Brexit Postponement?
The Brussels chief negotiator for the Brexit, Michel Barnier, visited Vienna for talks with Foreign Minister Kneissl, Chancellor Kurz and Chancellery Minister Blümel. The agenda of the meeting included an exchange on the current state of the Brexit negotiations and the future relationship between the European Union and the United Kingdom.
March 1, 2019
What Does No-Deal Brexit Really Mean for British-Austrian Travel Behaviour?
As of March 29, 2019 at 11.00 p.m. (UTC Universal Time Coordinated) or March 30, 2019 at 00:00 (CET Central European Time) the United Kingdom is no longer an EU member and is to be treated as such by Austria. In order to close the legal gaps in the course of a disorderly Brexit, a comprehensive law is in preparation. This law will be subject to numerous amendments in several Austrian ministries. The main areas affected are civil rights (in particular right of residence, social security), transport and customs. In following we look at the effects of the No-Deal-Brexit on travel behaviour.
February 13, 2019
Population Development - City of Vienna at 1.9 Million Inhabitants
Last year Vienna grew by 11,000 inhabitants. The birth surplus was 4,000, the migration gain 7,000. Immigration from Great Britain was disproportionately high due to Brexit fears. Serbia is the strongest group of immigrants. The influx of refugees has fallen back to the level before the wave of refugees. In 2027 about 2 million people will live in Vienna.
January 22, 2019
What Brexit Means for Austrian Federal Provinces
The economic links between the Austrian provinces and the United Kingdom show that the withdrawal will not only be disadvantageous for the UK, but will also leave its mark on Austria's economy. According to a chart of the Thinktank Agenda Austria, the Austrian federal states whose exports will be hardest hit by the UK's departure are Upper Austria and Styria.
November 29, 2018
Japan-Austria Relations - Kurz Met Shinzo Abe
During the Asia-Europe Meeting (ASEM) Summit in Brussels, Mr. Shinzo Abe, Prime Minister of Japan, and Federal Chancellor Sebastian Kurz met for bilateral talks. The meeting focused on the 150th anniversary of the establishment of diplomatic relations between Japan and Austria next year, the new tax convention between Japan and Austria, the Japan-European Union (EU) relations and the situation in North Korea.
October 30, 2018
UK Nationals Living in Austria Preparing for Brexit
The British Embassy in Vienna invites all British Nationals living in Austria to a series of information events throughout the country to prepare them for BREXIT.
October 22, 2018
Austria Prepares for the Presidency of the Council of the European Union: ‘A Europe that protects’
On 1 July 2018 Austria takes over the EU Presidency for six months. The Austrian Presidency of the Council of the European Union will focus on three topics: the fight against illegal migration, digitalisation and stability in the neighbourhood.
June 5, 2018
The Future of the EU: Europe Day Is To Be Given Greater Importance
On Europe Day, one pupil from each member state of the European Union came to the Hofburg for a discussion. More political education in schools and a more comprehensive climate policy are their main demands. "We are 20 percent of the population, but 100 percent of the future."
May 11, 2018
Goals for Austria's Presidency of the Council of the European Union
On 1 July 2018, Austria will take over the Presidency of the Council of the European Union from Bulgaria. During its Presidency of the Council of the European Union (1 July to 31 December 2018), guided by the motto "A Europe that protects", Austria will focus on three key areas: security and the fight against illegal migration, retaining competitiveness through digitalisation, and stability in the neighbouring regions (particularly the accession of the Western Balkans to the EU).
April 25, 2018
David Goodhart at the IWM: Dilemmas of Post-Liberalism
David Goodhart, a British journalist, commentator, author and the director of the Demos thinktank discusses immigration and liberalism with Ivan Krastev at the IWM Institute of Human Sciences.
April 13, 2018
Gisela Stuart: How Does a Europe-Endorsing German-British MP Become a Brexite Proponent?
Gisela Stuart, born and raised in West Germany and a Member of the British parliament (Labour party, 1997 – 2017), will give a guest lecture at the IWM - Institute for Human Sciences. She will answer the question of how an EU advocate can turn into a passionate advocate for Brexit.
March 22, 2018
Brexit and Its Consequences for Austria
Like any other economy within the euro area, Austria will also be confronted with challenges following the Brexit vote, according to the latest analysis by RBI Research analysts. However, the economic momentum should not experience any noticeable weakening, even though one should expect considerable declines in exports to the United Kingdom.
July 1, 2016
CESEE Outlook: Modest Recovery - EU is Obstacle to Growth – BREXIT Poses Uncertainties
According to the latest prognosis of the Vienna Institute for International Economic Studies, the countries of Central, East and Southeast Europe (CESEE) will have a trend growth rate of up to 3% in the period of 2016-2018. This is 1-1½ percentage points higher than average growth in the eurozone. Consumption will be the main growth driver. The Austrian economy is still benefiting from its economic ties with the region. Direct effects of BREXIT on the region will be limited – indirect effects for the European economy as a whole may be considerable.
June 29, 2016
Agenda Austria Recommends Campaign Against Öxit
Think tank Agenda Austria recommends the government in Austria to devise a large campaign against an Austrian exit ("Öxit”), highlighting the benefits of EU membership, since the experts anticipate an increase in discussions concerning this issue.
June 27, 2016
What Brexit Means for Austria: Mitterlehner, Kurz, Fiat Steyr
Mitterlehner hopes that the referendum will end in Britain staying in the EU. Kurz says, that Brexit would be terrible. Fiat could relocate production of agriculture and construction machine maker CNH (Case New Holland) from UK to Steyr in case of Brexit.
June 20, 2016
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