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Budget Deficit
Industrialists: Destruction of Business Location Averted
The Industriellenvereinigung (IV, Industrialists Association) is relieved about issues concerning location policy, and at the same time calls for structural reforms.
November 30, 2010
Europe's Public Debt and Unemployment Remain High
Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.
November 25, 2010
CEE: Catch-Up Process Starts Again
After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.
November 22, 2010
OECD: Austria's growth until 2012 at 2%
According to the report, the economy is returning back to normal values, but it will have to manage without fiscal stimulus.
November 18, 2010
Austria's Exposure in Ireland: 3.4 Billion Euro
Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.
November 15, 2010
Austria´s Economy: Recovery Accelerates
According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.
November 15, 2010
The ÖBB is a Risk Factor for the State Budget
While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.
November 15, 2010
OeNB Governor Nowotny "During the Crisis, the Euro Acted as a Protection Shield Beyond the Euro Area"
The Governor of the Austrian National Bank, Ewald Nowotny warns to fiscal discipline and talks about economic challenges and opportunities in Europe.
November 15, 2010
Infrastructure Development: Investing in the Future or Incurring Debt?
While industry competes for sites for the development of infrastructure, legitimate questions are being raised on financial issues.
November 15, 2010
Austerity Package: Resistance from the Federal Provinces
While cries for savings are getting louder in the provinces, declarations of both consensus and objections come from the provincial capital cities
November 8, 2010
Bank Tax: Constitutional Concerns
Banks are to contribute a fixed tax amount based on the values given for 2010 for three years. Constitutional jurists consider this modus operandi as "highly questionable".
November 8, 2010
Vienna: Negotiations Between the SPÖ and the Greens Almost Concluded
The last major points are budget issues. Both sides are however optimistic of reaching an agreement.
November 5, 2010
IHS Boss Felderer Pleads for Railway Tunnel
The debate about the controversial Koralm tunnel is being enriched. IHS (Institute for Advanced Studies) boss Felderer argues strongly for the infrastructure measure.
November 3, 2010
Hungarian Railway Workers Strike Against Rail Cargo
Due to employee layoffs at Rail Cargo Hungaria, the employees threaten to go on strike. Rail Cargo suffers losses both in Austria and in Hungary
October 27, 2010
New Budget: Details and Reactions
The entire tax package will bring additional revenues for around 1.2 billion euro. There are further saving measures for 1.6 billion euro. Reactions from the economic actors are ambivalent.
October 25, 2010
New Budget, New Taxes
The budget includes a new austerity package, which consists essentially of taxes on mineral oil, tobacco and banks.
October 25, 2010
Bank Austria CEO Cernko: No More Bank Tax Soon
Due to Basel III, location reasons and to safeguard jobs, the bank tax will only be effective temporarily, according to Cernko
October 22, 2010
Criticism of Austria's Allocation of Subsidies
Both the volume and the organization of the allocation of subsidies are susceptible of improvement, experts say.
October 21, 2010
IMF Considers Recovery as "Moderate and Uneasy"
Growth in Europe seems to be normalizing slowly. Dynamism is missing though, and many vulnerabilities are as yet unresolved.
October 20, 2010
Austrian Federal Railways in Debt Crisis
Several infrastructure projects will increase the debt burden of the Federal Railways dramatically. This could bring considerable effects for the financial situation of the whole Federation.
October 19, 2010
Tax Evaders Targeted by the Ministers of Finance
Budget problems plague the majority of EU countries. In addition to budget discipline, the prosecution of tax evaders is to be addressed.
October 18, 2010
Slight Fall in Corporate Tax
On the other hand, indirect taxes experienced an increasing trend. Despite tax competition, tax increases are expected due to budget needs.
October 18, 2010
WIFO-Boss Aiginger Calls Government for Economization
Aiginger claims for reforms in the tax system
October 17, 2010
Mineral Oil Tax: A Cash Cow for the Finance Minister
State revenues for the mineral oil tax have risen steadily since 2000. At that time, motorists paid 2.726 billion euro; this year it will be 3.9 billion euro.
October 15, 2010
Stability Pact with Federal States Has Never Been Met
Deficits of the federal states were too high already since 2001, as well as the deficits of the federation. The surplus of the municipalities couldn´t offset them.
October 14, 2010
Austrian federal government - Massive fall in revenue
The federal government is missing €4b ($4.9b) in revenue, in the first four months of this year. In total a decrease of €6.1b ($7.5b) was registered.
June 29, 2010
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