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47.5 Percent Compulsory Levy in Cyprus
Major investors are losing almost half of their assets.
July 30, 2013
Bulgarian Deputy PM: “They Want Social Justice“
In an interview with Austrian newspaper Standard, Bulgarian Justice Minister and Deputy Prime Minister Zinaida Zlatanova (40) talks about the reasons for the protest movement, planned reforms and critizism from abroad.
July 27, 2013
Latvia: Saying Goodbye to the Lat
The introduction of the Euro in the Baltic country has been postponed due to the financial crisis. Latvia originally planned to join the single currency union in 2008 already.
July 26, 2013
Czech Republic: Gloomy Prospects for Economy
The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013
Slovenia Can Afford Bank Sector Cleanup Itself
Slovenia intends to use its own funds and avoid having to ask the Eurozone or IMF for aid to restore the stability of its banking sector, said the country's finance minister Uros Cufer.
July 10, 2013
Slovenia’s Banking Sector Threatened by Delay of Bad Bank-Transfers
After the EU Commission denied approval for the first transfers of bad loans to the bank asset management by June 28, the reorganization of the banking system in Slovenia has been postponed.
July 9, 2013
Conference on European Economic Integration
“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.
November 18, 2011
29 Austrian Companies Ranked in "EU Industrial R&D Investment Scoreboard"
Benteler International, Voestalpine, Borealis, Intercell, Zumtobel are the first five Austrian firms in the “EU Industrial R&D Investment Scoreboard”. The ranking was prepared by the European Commission.
October 19, 2011
Cartel Suspicions Against OMV
The Commission of the EU suspects ten gas companies of market abuse. The Austrian OMV wants to cooperate with the authorities.
September 27, 2011
Hungary: Calls for Boycotts against Foreign Companies in Hungary
A Hungarian initiative demands that 13 foreign companies be boycotted, including Austrian OMV
January 18, 2011
WKÖ endorses policy of the European Commission
The Austrian Economic Chamber welcomes the focus of the EU Commission on structural reforms, consolidation of public finances and competitiveness.
January 13, 2011
Experts: No Failures in the Austrian Labor Market
The last hurdles for the new EU-members to enter the Austrian labor market will fall in May 2011. However, even the unions has no concerns.
January 3, 2011
13 CEOs Call For Sanctions Against Hungary
Because of the new taxes introduced by the Hungarian government, a group of prominent European CEOs call for EU-sanctions.
January 2, 2011
Economic Chamber Criticizes Import Control System
According to the WKÖ, Austrian businesses incur additional costs and bureaucracy by the import control system.
December 27, 2010
EU Growth Forecast: Austria Slightly Over Average
The EU Commission has revised its growth forecast for 2011 slightly upwards. Austria stays at 1.7% in the above average area.
November 30, 2010
Procurement: Economy Welcomes Extension
Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse
November 16, 2010
AUA Flights to Russia Secured
While the problem of AUA landing rights in Russia has been solved for Lufthansa until March, Austria is being accused of breach of contract by the European Commission.
October 29, 2010
AUA Flight Rights in Russia: EU Proceedings Against Austria
Due to the so far preferential treatment of Austrian Airlines in Russia, Austria is now accused by the European Commission of breach of contract.
October 27, 2010
Flexible Working Hours: Top Position of Austria in Europe
Both employers and workers benefit from what the crisis achieved, according to the EU Commission. However, additional flexibility does not bring in itself greater equality.
October 27, 2010
A-Tec has Good Prospects on Shipping Company in Rijeka
The Croatian Competition Agency (ATZN) gives the Austrian A-Tec group under Mirko Kovats good chances in the bid for the privatization of the shipyard "3 Maj" in Rijeka.
September 24, 2010
Nowotny - raising the "retirement age"
Higher life expectancy, rising deficits: Austrians should therefore delay retirement, says National Bank's CEO Nowotny.
July 13, 2010
Local banks in stress test "within normal range"
OeNB Governor criticizes EU Commission: State aid procedure too long - debt reduction, dampening the economy Austria's banks performed within "the normal range, in midfield," the Governor of the Austrian National bank (OeNB) and Governing Council memb
July 13, 2010
REWE takes remaining 25 percent od ADEG
Rewe acquires Adeg. Two years ago, the group took over 75 percent of the retail chain in Austria. The deal does not require to be registered at the European Commission. Adeg is already completely integrated into Rewe.
July 7, 2010
Voestalpine AG - EU fines steel producers - voestalpine affected by €22m
Voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH.
June 30, 2010
EU - Austria granted to extend bank aid package
The European Commission extended the authorization for the Austrian bank rescue package of €100b ($123b) for half a year.
June 25, 2010
EU accuses Austria of hurdles in buying property
The European Commission refers Austria to the European Court of Justice. Reasons are fundamental barriers to the acquisition of agricultural land in Vorarlberg.
June 24, 2010
EU has doubts about realignment of Hypo Alpe Adria
The European Commission extended the interim approval of state aid to the Austrian bank. The Commission also expressed doubts about the proposed realignment of the Hypo Alpe-business group.
June 22, 2010
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