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Forgotten Crisis: Austria Supports Syria at International Donor Conference
This week, the 6th donor conference to support Syria and the region is taking place in Brussels. This conference is the most important donor event for the country, which has suffered enormously in recent years, mainly due to war and natural disasters, and is still dependent on humanitarian aid from other countries. Austria is also represented and will contribute to the relief efforts.
May 10, 2022
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Protection of the European Single Market: European Commission Wants to Control Third-Country Subsidies
The European Commission has presented a new proposal to combat competition-distorting subsidies from third countries. The background for the proposal is the increasing global imbalance between companies from the EU and those from third countries. This is primarily to counter the influence of China and Chinese companies in Europe.
May 5, 2022
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„Murdering Civilians is a War Crime”: NATO Foreign Ministers to Condemn President Putin's War
The foreign ministers of NATO member states condemned the war crimes committed by the Russian army in Ukraine. The meeting discussed more intensive support for Ukraine, as well as the development of the NATO's next Strategic Concept.
April 7, 2022
Belgian Heads of State Welcomed Austrian President and First Lady
Alexander Van der Bellen is currently on a state visit to Belgium. Besides a reception with King Philippe and Queen Mathilde the program included talks on the war in Ukraine and high energy prices with senior Belgian politicians and EU Commission President Ursula von der Leyen.
March 23, 2022
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Schallenberg in Brussels Condemns Playing with Nuclear Fire
At a special meeting of the EU Foreign Affairs Council, Foreign Minister Schallenberg condemned the Russian shelling of a nuclear power plant in Ukraine. Read more about this special meeting and what was discussed there.
March 10, 2022
After the African Union Summit: Austria Provides €5 Million in Total to Alleviate Migration Pressure
Following the 6th European Union - African Union Summit, Austria announced that it would provide € 5 million in humanitarian aid to Ethiopia, South Sudan, and Tunisia. Read about Austria's efforts to alleviate some of the migration pressure caused by conflicts in Africa.
February 18, 2022
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President Macron Meets with EU Interior Ministers to Discuss Asylum and Immigration
French President Emmanuel Macron met with Interior Minister Karner and his EU counterparts to discuss asylum and immigration and other priorities of the French Presidency of the Council of the European Union. Read what the French president said and what was agreed upon at the meeting of the EU interior ministers.
February 7, 2022
NATO and Russian Leaders Say Differences "Will Be Hard to Bridge"
Representatives from NATO and Russia met in Brussels at the NATO-Russia Council to try to de-escalate the tensions between Russia and Ukraine and NATO. Read what each side is demanding and why the leaders say the differences "will be hard to bridge."
January 12, 2022
Nehammer on First Trip to Brussels as Chancellor: "I'm an Ardent European"
Chancellor Nehammer made his first trip to Brussels for the European Council and the EU Eastern Partnership Summit. There he met with the other heads of state and government of the EU member states, as well as EU Commission President Ursula von der Leyen. Read what Nehammer discussed on the trip.
December 16, 2021
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Edtstadler at General Affairs Council: Mandatory Vaccination is Necessary
At a meeting of the EU General Affairs Council in Brussels, Austrian EU Minister Karoline Edtstadler stressed the need for mandatory vaccinations in Austria and coordination in the fight against COVID-19 at the European level. Read Edtstadler's expectations for the European Commission, her defense of compulsory vaccinations, and more.
November 24, 2021
Schallenberg's First Foreign Trip as Austrian Chancellor
EU Commission President Ursula von der Leyen and EU Council President Charles Michel recently met for talks in Brussels with Chancellor Schallenberg on his first foreign trip since being appointed chancellor. Read about the chancellor's trip, his talks with the two leaders, and a Twitter error involving former Chancellor Kurz.
October 15, 2021
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Free PCR Gurgle Tests on Nightjet Trains to Vienna
On all Austrian Federal Railways (ÖBB) Nightjet trains to Vienna, passengers can now get free PCR gurgle test kits from the staff on board to get tested for Coronavirus.
September 1, 2021
Von der Leyen and King Philippe Meet with Van der Bellen in Brussels
EU Commission President Ursula von der Leyen and Belgium's King Philippe each met with Austrian President Alexander Van der Bellen on his latest trip to Brussels. Climate change was a key topic of discussion. Read what Van der Bellen had to say about it.
July 20, 2021
Beligum Is Now Warning of Travel to All of Austria
The Belgian Foreign Ministry now warns of travel to all nine federal states of Austria. Carinthia and Styria complete the list of the federal states that are depicted in red, which is the highest Covid-19 warning level. Travellers from these areas need to self-quarantine for at least ten days.
October 29, 2020
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European Parliament - How are the MEPs in Key Functions Elected?
At the first plenary session after the European elections, Parliament elects a new President, 14 new Vice-Presidents and five Quaestors. The ninth European Parliament was elected in 2019 elections and is to last until the 2024 elections.
July 3, 2019
Potential President of the EU Commission Michel Barnier Met Top of New Austrian Government
Brexit chief negotiator Michel Barnier was in Vienna to meet several members of the new government, including Chancellor Brigitte Bierlein and Foreign Minister Alexander Schallenberg. Officially, the Brexit negotiations were the focus of the talks, however, unofficially Barnier repeatedly shows interest as Jean-Claude Juncker's successor in the office of EU Commission President.
June 11, 2019
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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
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
The New Balkans in the Year of Hope for EU Enlargement
2018 has been frequently described as the „year of hope“ for EU enlargement and for the Balkans. In February 2018, a new Enlargement Strategy was presented in Strasbourg by the EU Commission. Bulgaria, currently having the Presidency of the Council of the EU, will organize a major Balkan’s Summit in May 2018. Austria, for a long time one of the most prominent promoters of the EU Enlargement for the Western Balkans and a country deeply intertwined with the region, will assume the EU presidency in the second half of 2018. 2018 represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making enlargement perspective realistic for 2025.
April 20, 2018
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Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area
At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.
October 23, 2014
Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City
The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).
July 25, 2014
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Austrian EU Commissioner Hahn Blames British PM Cameron for Opening Doors to Ukip
Hahn argues, that David Cameron is to blame for his own defeat at the hands of the eurosceptic UKIP at the European elections.
May 31, 2014
Boyden Partners Met in Vienna to Discuss Emerging Markets Strategies
The annual global Boyden conference took place in Vienna. Despite the current political crisis in Ukraine the headhunting company sees good prospects of Austrian enterprises and managers.
May 23, 2014
Fischer: Room for Further Trade with Albania
Austrian President Heinz Fischer was paying a visit to Western Balkan States.
May 22, 2014
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Austria: Right-Winged Extreme Party Buoyed by Tailwind
The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.
May 21, 2014
Croatia to Place New Eurobond by June
The Croatian government plans to issue a Eurobond until the beginning of June.
May 9, 2014
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Calls for European Energy Union Become Louder
Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.
May 9, 2014
EU Council Trying to Find a Way Out of Ukraine Crisis
Ahead of the European Council, which is currently taking place in Vienna under the Austrian presidency, Foreign Minister Sebastian Kurz declared not to expect a solution for the conflict in Ukraine.
May 6, 2014
Vranitzky: Joining EU One of the Most Courageous Steps
A symposium showed the EU Accession process of Austria in the early 1990’s in a new light.
May 6, 2014
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Agenda Austria 2020: Economy = State
The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.
May 5, 2014
Federation of Industries: “Industrial Compact“ for European Competitiveness
The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014
Slovenian Banka Celje Needs Further State Aids
Because of the failed capital increase in the amount of € 160m, Banka Celje is requiring further state capital.
May 2, 2014
Fitch Upgrades Rating for Slovenia
Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.
May 2, 2014
New Serbian Government Wants Speedy EU Accession
The new Serbian government is determined to accelerate the EU accession progress.
May 2, 2014
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Majority of Czech Entrepreneurs Want Euro
According to a survey, more than three quarters of Czech entrepreneurs are in favor of the country adopting the Euro.
April 30, 2014
Austria Gives up Bank Secret for United States
Austria and the US have signed an agreement for the exchange of fiscal data. However, the agreement could be renewed soon.
April 30, 2014
Hypo Group Further Losses to Be Expected
Huge losses by the sale of the SEE banking network could be expected.
April 30, 2014
Situation for Austrian Banks in Russia is “Sensitive”
According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
April 29, 2014
Budget Deficit: Austria Threatened with Penalty
Due to the capital injections into the distressed lender Hypo Group, Austria´s 2013 budget deficit will exceed the 3.0% threshold. According to Finance Minister Spindelegger, Austria might face an excessive deficit procedure.
April 25, 2014
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„Brussels Must Reconsider Enlargement Policy“
Austrian Minister of Foreign Affairs Sebastian Kurz criticized the EU´s approach towards Ukraine. However, the EU has to develop further.
April 25, 2014
Do Taxes Justify a Relocation of Business?
Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.
April 24, 2014
Eder: Policy-Makers Have to Make Decisions
Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014
Struggling Insurance Industry
Despite favorable results last year the European insurance market has to face a number of adverse factors.
April 23, 2014
Serbia: Key Rate Kept Unchanged.
The NBS (National Bank of Serbia) decided to keep the policy rate unchanged as there is no threat of inflation.
April 22, 2014
Serbia: EU Negotiations Important for Reforms
According to Tanja Miscevic, chief negotiator in Serbia’s EU accession talks, the opening of the Chapters 23 and 24 are crucial for the reform process in the Western Balkan country.
April 22, 2014
Austria: RLB OÖ Still Threatening to Leave
According to managing director of Raiffeisenlandesbank Oberösterreich (RLB OÖ) Heinrich Schaller, the tax burden is too high in Austria. The bank is still threatening to leave for Germany if the bank levy will not be changed.
April 17, 2014
Poland: Excessive Deficit Procedure for Two More Years
The Polish government expects the EU Commission to cancel the Excessive Deficit Procedure in “less than two years” due to the measures applied so far the continuing of economic recovery.
April 16, 2014
Austria: RLB OÖ Rows Bank on Threat to Leave
Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.
April 16, 2014
Slovakia as a Role Model?
In an interview with Austrian daily “Wirtschaftsblatt”, Tomas Malatinsky, Economy Minister of Slovakia, talked about budget discipline, investments and tax policy.
April 16, 2014
Fricke: “Man Needs Relatively Little Bank”
Fricke, chief economist at the European Climate Foundation and author of “Wie viel Bank braucht der Mensch?" (How much bank does man need?)
April 15, 2014
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