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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
Orange-Takeover: One Step Closer to the Goal
Telekom Austria is allowed to take over the discount operator Yesss!. Now, only the Commission has to approve the whole deal.
November 27, 2012
Romania: Fiscal Situation Improves
“Public budget deficit amounted to only 1.2% of GDP at the end of September, which was better than we had expected.” Raiffeisen Research states.
November 27, 2012
Poland: Foreign Direct Investments Grow Massively
Last year, the U.S. was the biggest investor in Poland. Regarding the EU budget, Prime Minister Tusk emphasizes that cohesion funds must not be cut.
November 26, 2012
"Austria remains a reliable partner for Albania on its way towards the EU"
Austria´s Vice-Chancellor Spindelegger at the opening of the Skanderbeg exhibition celebrating the 100th anniversary of Albania's independence and 20 years of Austrian development cooperation in Albania
November 26, 2012
“We shall maintain tough position on EU budget until the very end”
Austrian Vice-Chancellor Spindelegger: “unambiguous about Austria’s position on EU financial framework“.
November 22, 2012
EU Budget: Losses for Poland Will Keep Within Limits
Poland will still be the biggest net contributor. According to Poland´s Prime Minister Donald Tusk, the negotiations prove highly difficult.
November 17, 2012
Hungary: Next Austerity Package Resolved
The Hungarian government is caught between the need to lower the budget deficit and to support economic growth.
November 17, 2012
Steel Industry: „Up to 100,000 Jobs Endangered“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.
November 17, 2012
“Austria is a committed partner in the security field”
Austrian Foreign Ministry: New security threats and regional conflicts discussed with Russian National Security Advisor.
November 16, 2012
EU Budget: Austria Faces Massive Cuts
After the negotiations have failed, the Commission presented a new draft. Major cuts for Austria seem inevitable.
November 14, 2012
“Intensifying the dialogue between the EU and the Arab League"
Austria´s Vice-Chancellor Michael Spindelegger at the meeting of foreign ministers of the Arab League and the EU in Cairo
November 14, 2012
Romania Hopes for New IMF Loan
The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.
November 13, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
EU Budget: Austria Threatens to Veto
Austria´s Vice Chancellor Michael Spindelegger explains that cuts in the agricultural sector will not be accepted.
November 10, 2012
Austria: Foreign Trade Grows Only Decently
January to August 2012: trade with third countries accounts for overall growth.
November 9, 2012
Hungary´s Budget Deficit Below 3.0%
The EU Commission estimates that Hungary´s budget deficit will comply with the Maastricht Criteria in 2012 and 2013. However, the deficit may exceed the 3.0% threshold in 2014.
November 8, 2012
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