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Hypo Group: CESEE Units to be Sold Until Mid-2015
The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.
July 1, 2013
Crisis in Slovenia Might Take Longer Than Expected
According to the latest economic report by auditing firm Ernst&Young;, the financial crisis in Slovenia will take longer than expected beforehand. However, the country should still be able to avoid international bailout.
July 1, 2013
Faymann: Croatians Realistic With EU Membership
Austrians have a positive attitude towards Croatia’s new membership.
July 1, 2013
Hypo Group: Government Hopes For Expansion of Deadline
The restructuring plan for Hypo Group has been handed in to Brussels. It is still unclear whether the deadline will be expanded.
July 1, 2013
Austrian Coalition to Take Stock of Legislative Period
In a joint interview with several leading Austrian newspapers, Austrian Chancellor Werner Faymann and Deputy Chancellor and Foreign Minister Michael Spindelegger take stock of the legislative period so far.
June 28, 2013
Latvia Joining The Eurozone As 18th Member
Today the heads of states and governments of the European Union gave their blessing to Latvia’s entry to the Eurozone in 2014.
June 28, 2013
Slovenia Likely To Require Bailout
According to Capital Economics Ltd. Slovenia will in all likelyhood ask for a bailout to bolster its ailing banking sector in case the debt crisis in Europe should worsen.
June 28, 2013
Nabucco: Flop for OMV and EU
Petrom will resume exploration drilling in offshore Black Sea block.
June 27, 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
Hypo Group: Commisson Against Extension of Deadline
Austria will in all probability not be granted an extension of the deadline for the winding down of Hypo Alpe Adria. This was announced by EU Competition Commissioner Joaquin Almunia
June 26, 2013
EU Accession Talks With Serbia Around the Turn of the Year
The EU Ministers for Foreign and European Affairs agree that EU Accession negotiations with Serbia should commence around the turn of the year.
June 25, 2013
EU Ready for Continuing Accession Talks
The European Union’s Foreign Ministers have agreed for the continuing of Accession negotiations with Turkey.
June 25, 2013
Turkey: Prospects of EU Accession Talks Brighten
Turkey’s prospects of the continuing of the EU Accession negotiations have brightened. During a meeting in Luxembourg several foreign ministers took a much more moderate tone.
June 24, 2013
Mitterlehner: „4,000 New Austrian Exporters Within Two Years“
Internationalization Offensive (IO) “go international” will be prologued until 2015. Economy Minister Mitterlehner and head of the Chamber of Commerce (WKO) Leitl present their main targets for Austrian export.
June 21, 2013
Slovenia’s Economic Outlook to Deteriorate Further
The Institute for Macroeconomic Analysis and Development expects GDP in Slovenia to shrink more than projected earlier.
June 21, 2013
Last Try to Save Polish Airline LOT
Poland’s National Treasury starts a final attempt at saving Polish Airlines LOT.
June 21, 2013
Green Light for Latvia’s Euro Accession
The Eurogroup gave green light for the admission of Lativa to the common European currency.
June 21, 2013
No Further EU Accession Talks with Turkey
The European Union is obviously going to blow the planned accession negotiation with Turkey next Wednesday because of the recent escalations of violence in the capital Ankara.
June 20, 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
Austria: Raids by EU Commission at ÖBB
The Austrian Railways is alleged of having agreed to fixed prices with other companies. House searches were carried out.
June 19, 2013
Spindelegger: "Clear Signal for Serbia and Kosovo Expected from EU Summit at End of June"
Austrian Vice-Chancellor with Prime Ministers of Serbia and Kosovo at the Europaforum Wachau conference; clear commitment for EU expansion in the Balkans
June 19, 2013
Cyprus Demands Further Capital Aid
In a letter to the European Union, President of Cyprus Nikos Anastasiades demands further capital support for the Bank of Cyprus, the “Wallstreet Journal” reports. According to him, Cyprus’ economy depended on it.
June 19, 2013
Hungary: Taxes to Be Raised
Shortly before the parliamentary summer recess taxes were raised by the government of Viktor Orban.
June 18, 2013
Croatia’s EU Accession as a Chance For Austria
Soon, there are more than 1,000 Austrian businesses operating in Croatia and the volume of trade is supposed to increase.
June 18, 2013
Lopatka: "EU Enlargement is a Driver for Reforms and Rule Of Law"
State Secretary Lopatka on DARUM EUROPA information tour.
June 18, 2013
Protests in Bulgaria
Almost two weeks after the assumption of office of the new Bulgarian government, demonstrators have once more demanded the resignation of the predominantly socialist cabinet.
June 17, 2013
V4 Want Free Trade Zone Between EU and Japan
The Visegrad Four Group (V4), which consists of Poland, the Czech Republic, Slovakia and Hungary, support the creation of a free trade zone between the European Union and Japan.
June 17, 2013
Eurozone and EU27 to Increase International Trade
Euro area international trade in goods surplus 14.9 bn euro. 9.2 bn euro surplus for EU27
June 17, 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
Gazprom Withdraws from Greek Privatization Offer
The months of courtship were in vain. The Russian enterprises Gazprom and Sintez allowed the period prescribed for the privatization of Greek gas company Depa to expire.
June 12, 2013
EU Commission to Support Steel Industry
EU Commissioner for Industry Antonio Tajani has presented the annouced steel action plan.
June 12, 2013
EU Abandons Quarterly Reports
Listed enterprises in the European Union do not have to present quarterly reports from 2015 on.
June 12, 2013
Austria: Wienerberger Alarmed About Shrinking Residential Building
Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.
June 12, 2013
Serracchiani: „Will Do Everything I Can“
In an interview with Austrian newspaper “Kleine Zeitung“ Debora Serracchiani, new regional president of the province Friuli in Italy announced to do everything so that Hypo Group Italy will survive.
June 11, 2013
Fekter: The North Feeds The South
Finance Minister Fekter compares the situation in Europe with the economic circumstances in Italy.
June 11, 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
Hypo Group: Fekter Under Pressure
Finance Minister Fekter is put under pressure by Austrian Green Party to establish a bad bank for Hypo Group.
June 10, 2013
Hungary: Fifth Amendment of Controversial Constitution Planned
The controversial Hungarian constitution is supposed to be changed for the fifth time since the EU Commission threatened the country with infringement proceedings.
June 10, 2013
Serbia: No EU Accession Negotiations in 2013
Serbia will not be able to start the desired negotiations for an EU membership this year.
June 6, 2013
Slovenia: Commission’s Target to Be Achieved in September
Deputy Prime Minister and Interior Minister Gregor Virant announced that Slovenia will achieve the EU Commission’s aim for approving more budget cuts by the end of September to avoid international bailout.
June 6, 2013
Austria: Liebscher as Chairman of Hypo Group’s Supervisory Board
Liebscher is to take over Ditz’ position after the meeting of bodies on June 21.
June 5, 2013
Austrian Justice Minister to Support Serbia’s Approach to EU
Austria to enhance transfer of know-how in regard to the fight against corruption.
June 5, 2013
Austria: Leitl Welcomes Latvia to Join Eurozone
Head of the Austrian Chamber of Commerce Leitl considers the Euro adoption as an important political signal for the cooperation and the strengthening of the European currency union.
June 5, 2013
Croatia to Expect Disciplinary Procedure by EU
The Ex-Yugoslavian country has to face harder scrutinizing than its CESEE peers which joined the EU in the last decade.
June 5, 2013
Hypo Group: Possible Deductions from Selling Price
The new British-Indian Owner of Hypo Group is to pay only € 32m for the time being.
June 5, 2013
Slovenia: Bailout As An Option
Prime Minister Bratusek announced her consent to introduce fiscal rule in 2015.
June 4, 2013
ILO: Risk for Potential Social Unrest in EU
The European Union is prone to social unrest accorking to most recent World of Work Report.
June 4, 2013
Latvia: Euro to Be Introduced 2014
Latvia will be able introduce the Euro on January 1 2014. According to diplomats, this is what the EU Commission will recommend on Wednesday in Brussels.
June 4, 2013
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