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Education Policy

Strikes Paralyze Poland

Protests against government’s changes in education, social and labor policy.

March 27, 2013

Austrians Poorer Than Italians or Spaniards?

According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.

March 22, 2013

Vienna: One of the Most Innovative Cities

According to a ranking by the Australian agency 2thinknow, Vienna is the most innovative city in Europe and scored 3rd place in the cities worldwide, succeeding Boston and New York.

March 22, 2013

Austria Showing Less Reforming Zeal

According to the so-called „D-A-CH-Reformbarometer“, a study which was commissioned by the Chamber of Commerce, Austria’s will to reform has diminished.

March 20, 2013

Hungary: Dissatisfaction Towards Government Grows

Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.

March 18, 2013

Historical Moment for Serbia And Kosovo

Both governments have come to an agreement, similar to the Treaty on the Basis of Relations (Basic Treaty) between the two German states.

March 16, 2013

Hungary: Orban Rejects Criticisms

After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.

March 15, 2013

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Hungary: Constitutional Amendmends Signed By Vast Majority

EU Commission fears that Hungary’s state institutions will have to experience major restrictions.

March 12, 2013

Hungary: Former President Urges Successor to Veto

Former President Lazlo Solyom warns his follower, President Janos Ader,in a dramatic speech of the end of checks and balances in Hungary’s political system.

March 11, 2013

Leitl: "Restructuring Instead of Cashing in"

Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.

March 6, 2013

Hungary: Percentage of Foreign Direct Investments in Decline

Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.

March 4, 2013

Austria: Economic Outlook Remains Cautious

Although Austria´s economy suffers from a number of major defects, the performance is still better than in the Eurozone.

February 25, 2013

WIFO Wants Higher Property Taxes

Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.

January 21, 2013

Aiginger Praises and Criticizes Austria´s Economic Policy

Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.

January 5, 2013

OECD Criticizes Gender Pay Gap in Austria

Although the education level of women has improved in the last decades, a greater education attainment level of women is not matched with labour market outcomes, OECD says.

December 17, 2012

Kazakhstan: „Among the Top 30 in 2050“

Kazakh President Nursultan Nazarbayev predicts an economic boom in the next decades.

December 15, 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

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

Czech Government Attempts to Stimulate Growth

On the one hand, the Czech government deepens the austerity measures. On the other hand, growth-stimulating investments should be initiated.

October 13, 2012

Austrian Employment Growing Moderately Until 2016

The Austrian economic research institute WIFO forecasts that 173,000 new jobs will be created until 2016.

September 25, 2012

Austrian Share of Academics Below OECD-Average

In Austria, only 21% of the persons aged between 25 and 34 are graduated. This is massively below the OECD-average of 38%.

September 20, 2012

OECD: Czech Spending on Education too Low

The Organisation for Economic Cooperation and Development criticizes the Czech government. Expenditure on education only reach 4.8% of GDP, which is below the OECD average of 6.2%.

September 12, 2012

Education: Vranitzky Shows Dissatisfaction with Austrian Government

The former Austrian Federal Chancellor Franz Vranitzky criticizes the Austrian government sharply. For him, the university sector is a “very bad example of inequality between the generations”.

August 29, 2012

„Austria Is Well Situated, but Needs Reforms Urgently“

Austria´s economic perspectives are slightly positive. The Austrian Chamber of Commerce reaffirmed its call for regional economic reforms.

June 30, 2012

New IV´s President Dissatisfied with Political System

The corruption scandals oft he past would damage Austria´s reputation as business location, Georg Kapsch thinks.

June 23, 2012

„Austria Must Not Become Mediocre“

The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.

June 18, 2012

IV: „Budget Consolidation Supports Economic Growth“

The Federation of Austrian Industries pushes for structural reforms in order to cut public expenses.

June 8, 2012

EU Calls on Austria to Accelerate Reforms

Austria has to put more effort in reforms. In the fields of education, labor market, retirement plan and budget consolidation, Austria shows deficits.

June 1, 2012

Austria´s Education Does not Keep up with Globalization

The Austrian economy suffers from a lack in skilled labor. Facing the rising competitiveness of emerging countries, this may become a major problem for Autria.

May 31, 2012

The Euro - A Big Error (Part 4)

The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.

May 31, 2012

Austrian Budget Target Endangered

In spite of decreasing revenues and rising expenses, Austria´s Minister of Finance Maria Fekter expects to reach the budget target.

May 30, 2012

Austrian Industry: „Growth Instead of Redistribution“

After the Austrian Chamber of Labor claimed he Federation of Austrian Industry underlines that Austria has the highest redistribution quota among OECD members.

May 30, 2012

"Europe Needs Economic Growth and Budget Discipline“

Structural reforms are necessary to make Europe sustainably more competitive, Christoph Leitl, President of Austria´s Chamber of Commerce (WKO) says.

May 26, 2012

Austrian Chamber of Economics Claims Growth Package

Christoph Leitl, President of the Austrian Chamber of Commerce thinks that Austria and Europe would both need growth and austerity measures.

May 25, 2012

Life Quality: Austria in the Upper Middle Field

Austria´s position in the “Better Life Index” is in the upper middle field. The work-life balance and the education are seen as weaknesses.

May 22, 2012

Androsch Criticizes Political Inactivity

The former Austrian Finance Minister and industrialist Hannes Androsch thinks that both austerity and growth strategies are needed and criticizes the government sharply.

May 18, 2012

A “Speech to Austria”? No.

The disenchantment with politics in Austria is as big as never before. An ambitious, but meaningless speech of Vice-Chancellor Spindelegger will not change the misery.

May 15, 2012

1.0 Million People in Poverty

More than 150,000 people in Austria do not have a bank account. A lack in financial education causes a loss of 1.0% of GDP.

April 23, 2012

Competitiveness: Austria Among Top Five

Concerning its competitiveness, Austria ranks fifth among the 27 EU members.

April 6, 2012

Most Important Cities: Vienna Catches Up

In the ranking of the most important global cities, the Austrian capital could improve substantially. The most severe weakness is the economic activity.

April 3, 2012

Budget: Wifo Misses Future Investments

The Austrian Institute of Economic Research (Wifo) commented the government´s draft of the budget. There is still a lack in active fiscal policy, Wifo states.

March 26, 2012

2,000 New Jobs Created by Foreign Enterprises

The Austrian Chamber of Commerce stressed the importance of foreign direct investment in Vienna. Last year, 126 foreign enterprises came to Vienna.

March 22, 2012

Viennese Office Market: Collapse Threatens

Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.

March 5, 2012

Leitl Pushes for Reforms

The President of the Austrian Chamber of Commerce appreciates that actions worsening the Austrian business location conditions were prevented.

February 15, 2012

Scharinger: „Rating Agencies Are Instruments of Torture“

The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.

January 24, 2012

Austerity: Unions Versus Industrialists

The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.

January 21, 2012

Government to Sharpen Austerity Measures

After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.

January 17, 2012

ÖVP Does Not Exclude New Taxes Anymore

Against previous statements, the head of the Austrian conservatives, Michael Spindelegger, considers to introduce new taxes.

January 9, 2012

Austria Grants Highest Subsidies in Europe

In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.

January 7, 2012