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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

Latvia Has Best Growth Prospects

Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.

November 8, 2012

Romania: Joining Eurozone is „Not for Sure”

Romania´s Prime Minister Victor Ponta expressed his concerns about introducing the euro in Romania.

November 5, 2012

Erdogan Tries to Put Pressure on EU

The Turkish Prime Minister Recep Tayyip Erdogan warns of postponing the EU accession of his country.

October 31, 2012

Unemployment: Austria Ranks First in EU

In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.

October 31, 2012

EU Budget Cuts would Affect Poland

In the last six years, Poland benefitted substantially from EU funds. A cut of € 23bn is being discussed.

October 30, 2012

Czech Republic and Slovakia: Nuclear Power Remains Main Energy Source

The Czech Prime Minister Petr Necas and his Slovak counterpart Robert Fico underline that nuclear energy will remain the future technology.

October 30, 2012

„Banking Union Weakens Central Banks“

The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.

October 30, 2012

Austrian Managers Lose Confidence in EU

Only a third of the Austrian managers believes that the problem in the Eurozone can be solved.

October 29, 2012

„Strengthening Relation with Russia“

Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.

October 25, 2012

Merger Hutchison „3“ and Orange: EU Commission Extends Examination Phase

The Commission announced that the deadline for the deal will be postponed by three weeks.

October 22, 2012

Tusk: Joining Banking Union Only if it Does not Weaken Poland

The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.

October 22, 2012

Austrian Finance Minister and Foreign Minister Support Banking Union

Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.

October 22, 2012

Poland Favors Banking Union, Czech Republic is Skeptical

The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.

October 20, 2012

Hungary Does not Exclude to Increase Bank Tax

Prime Minister Orban refers to the pressure coming from Brussels. Hungary must reduce the budget deficit below 3.0% of GDP.

October 20, 2012

Polish Government: Austerity in Order to Enter Eurozone

The Polish Minister of Foreign Affairs Radoslaw Sikorski says that Poland will fulfill the Maastricht Criteria in 2015.

October 19, 2012

Austria Underlines Importance of Austerity Measures

“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.

October 17, 2012

Austrian Budget: Experts Call for Further Reforms (Part 3)

Economists think that the budget does not contain enough reform steps. The opposition does not see any signs of progress.

October 16, 2012

Hungary Wants Foreign Land Owners to Leave

The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.

October 15, 2012

Klaus: “Nobel Prize for EU is a Mistake”

The Czech President Vaclav Klaus criticizes the decision of the Nobel Prize Committee. For him, the decision is a “joke”.

October 13, 2012

Orban Blames EU for Austerity Cuts

The Hungarian Prime Minister Viktor Orban explains that Hungary has no other choice but to deepen the austerity cuts.

October 13, 2012

EU Wants Austria to Reduce Bureaucracy

The Commission of the EU has presented its concept for the re-industrialization of Europe. Austria is well-positioned, but there is some potential for improvement.

October 13, 2012

Austrian Foreign Ministry Wants “Better coordination for development cooperation”

"No single country can solve all the major problems of our time alone", Austrian State Secretary Reinhold Lopatka said at the "Development Dialogue" event in Parliament today.

October 12, 2012

Albania to Become Official Candidate

The Western Balkan country was recommended by the EU Commission. Serbia and Kosovo must reach a “sustainable solution”.

October 10, 2012

Orban Rejects Joining Eurozone

The Hungarian Prime Minister Viktor Orban thinks that the introduction of the euro in Hungary would be “irresponsible”.

October 10, 2012

Fekter Welcomes Entry into Force of ESM

Austria´s Minister of Finance "No cause for celebration, however, as we are still in the middle of stabilising the Eurozone."

October 10, 2012

Austrian Presents Piorities for the “EU budget of the future”

State Secretary Lopatka in the EU Sub-Committee of the National Council.

October 10, 2012

Financial Transaction Tax to be Introduced

Now, the financial transaction tax has enough supporters. After months of negotiations, eleven EU member countries finally agreed on introducing a financial transaction tax.

October 9, 2012

Hutchison Tries to Persuade EU Commission

The smallest Austrian telecommunication operator wants the EU Commission to approve the takeover of Orange.

October 8, 2012

Austria Appreciates Portugal’s Efforts of Budget Consolidation

State Secretary Lopatka meets with Portuguese State Secretary for EU Affairs, Luis Miguel Morais Leitão.

October 8, 2012

Support for Financial Transaction Tax Keeps Within Limits

In order to introduce the tax, nine countries must agree thereon. The time pressure is growing.

October 6, 2012

Bulgaria: Djankov Predicts Long-Term Stagnation

Bulgaria´s Minister of Finance Simeon Djankov expects low growth rates in the next ten years.

October 6, 2012
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