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Brussels

Austria´s Net Contributions to Brussels to Increase Significantly

At the moment, Austria´s net contributions come at 0.2% of GDP. From 2014 to 2020, the figure may increase to 0.36% of GDP.

February 2, 2013

Hungarian Unemployment High, But Slight Downward Trend

Hungarian Ministry of Economics: “Unemployment up in the EU but trend continues down in Hungary.”

February 2, 2013

Hungary: “EU funds to be spent on economic development”

In the 2014-2020 fiscal period of the European Union, Hungary will allocate the 60 percent of EU resources to stimulating growth and the development of the economy,

February 2, 2013

Moody´s Downgrades Croatia

The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.

February 2, 2013

Erdogan Considers Joining „Shanghai Five“

Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.

February 1, 2013

IMF Criticizes Hungarian Government

According to IMF, the economic outlook for Hungary is rather gloomy.

January 28, 2013

“Using the location Vienna as a bridge between the EU and Latin America”

Austrian State Secretary calls for cooperation in security issues and sustainable energy at the international organisations headquarters in Vienna.

January 28, 2013

EU Wants Austria to Give Up Bank Secret

Commissioner Algirdas Semeta threatens with a complaint against Austria. According tom him, Austria and Luxembourg are blocking the automatic information exchange.

January 25, 2013

Romania Needs More Time for IMF-Requirements

The financially stricken country did not implement the planned privatizations. EBRD criticized Romania´s slow progress.

January 23, 2013

Spindelegger Criticizes Cameron

Austria´s Foreign Minister: "Not cherry picking but more Europe is the key".

January 23, 2013

Estonia and Bulgaria Record Lowest Public Debt in EU

Third quarter of 2012 compared with second quarter of 2012: Euro area and EU27 government debt nearly stable at 90.0% and 85.1% of GDP respectively.

January 23, 2013

Austria´s Minister of Finance Pleased With Approval for Financial Transaction Tax

Participating States to present specific model soon, Maria Fekter says.

January 22, 2013

“Costs of non-enlargement of the EU would be high”

Austrian Foreign Ministry wants discussion about more involvement of EU citizens in EU policy.

January 22, 2013

Fico: „Privatizations Were Our Biggest Mistake“

Slovakia´s Prime Minister Robert Fico thinks that the austerity policy in Europe is the wrong way.

January 21, 2013

Croatia: Dispute with Slovenia May Postpone EU Accession

In July, Croatia should become a member country of the EU. However, the legal dispute with Slovenia is still an obstacle. The neighbor country may cause a delay of Croatia´s accession.

January 17, 2013

Croatia: One Step Closer to the EU

According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.

January 15, 2013

Bank Secret: Brussels Increases Pressure on Austria

EU-Commissioner Algirdas Semeta calls Austria and Luxembourg to give up their blockade against the reform of the interest taxation directive.

January 14, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

Serbia: Time Pressure Grows

In order to become an EU-member, Serbia must present some substantial progress to Brussels.

January 14, 2013

Baltic Countries: Strong Increase in Industrial Production

Industrial production down by 0.3% in euro area and EU27.

January 14, 2013

Labor Time: Austrians Rank Second in EU

Only employees in the UK record more weekly working hours. On average, the working time came at 41.8 hours per week in Austria.

January 10, 2013

Klaus Meets Merkel

Czech President Vaclav Klaus wants to persuade Merkel to stop the integration process in the EU.

January 10, 2013

Poverty: Romanian and Bulgarian Citizens Most Endangered

Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.

January 9, 2013

Serbia: Government Expects Recovery

In 2013, the Serbians will not benefit from the economic recovery, Prime Minister Ivica Dacic says.

January 5, 2013

Croatia Faces Stagnation

Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.

January 5, 2013

EU Accession: Turkey Shows Self-Confidence

Turkey puts further pressure on Brussels. Until 2023, Turkey wants to become a EU member country.

January 4, 2013

“Eurobonds Are Wrong Signal”

2013 - After crisis management it is now time to tackle issues of the future, Austria´s Ministry of Foreign Affairs says.

December 31, 2012

Favorable Economic Outlook for Croatia

After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.

December 28, 2012

Outlook: Europe Remains Under Threat

The European debt crisis will remain a major issue, Austrian Erste Group says.

December 28, 2012

Austria´s EU Contributions to Increase Substantially

Austria is expected not only to lose its discount, but also to receive lower subsidies.

December 18, 2012

Rostowski: “Poland Will Enter Eurozone as soon as Possible”

Poland´s Minister of Finance Jacek Rostowski announced that his country wants to become a member of the Eurozone. However, the problems of the Eurozone must be solved before, he said.

December 18, 2012

Lopatka: “Communitisation of debts is the wrong message”

State Secretary Lopatka lacks understanding for proposals made by Federal Chancellor Faymann.

December 17, 2012

Banking Supervision to Control Nine Austrian Banks

Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.

December 13, 2012

CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

December 13, 2012

Orange Takeover Finally Approved

After more than ten months, the EU Commission approved the takeover of the third-largest Austrian telecommunication operator by the competitor Hutchison Austria.

December 12, 2012

Austria in Favour of Initiating Accession Negotiations with Macedonia

Austria´s State Secretary Reinhold Lopatka speaks at General Affairs Council in Brussels.

December 12, 2012

Turkey: „The EU Needs Us“

On the occasion of a visit in Hungary, Turkey´s Minister of European Affairs Egemen Bagis argued that the EU would benefit from Turkey´s accession.

December 11, 2012

Romania: Basescu Under Pressure

After the decisive victory of Prime Minister Ponta, Romania´s President Traian Basescu has no other alternative than to appoint Ponta again.

December 10, 2012

Orange-Takeover: Commission to Announce Decision Next Week

EU Commissioner Joaquin Almunia said that the final decision will be published next week. The deal is likely to be approved.

December 8, 2012

Croatia: EU Scepticism Grows

After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.

December 8, 2012

Southeast Europe Agrees on Growth Strategy

In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.

December 8, 2012

Austria: Foreign Trade Shows Decent Growth

From January to September 2012, Austria recorded a slight increase in imports (0.4%) and exports (1.6%). In the third quarter of 201, the EU27 current account surplus reached € 28.4bn.

December 7, 2012

Juncker´s Succession: Faymann Out of the Race

The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.

December 6, 2012

EU Approves State Aid for Hypo Group

The EU Commission has no objections against the state aid with a size of € 1.5bn.

December 5, 2012

„Banking System Becomes More Solid“

The chairman of OeNB (Austrian National Bank) Ewald Nowotny thinks that the banking supervision and the Basel III framework will stabilize the financial markets.

December 4, 2012

Banking Supervision: Fekter Calls for Flexibility

Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.

December 4, 2012

Faymann as Juncker´s Successor?

Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.

December 4, 2012

Rothensteiner: „No Credit Crunch“

Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.

December 3, 2012

"Croatia on the final stretch towards EU membership"

Austrian State Secretary encourages Zagreb to take final steps of reform.

November 30, 2012

CESEE: Social Protection Still Underdeveloped

EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.

November 27, 2012
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