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World Happiness Report: Austria 12th Happiest Country in the World

In this year's World Happiness Report, published annually by the United Nations Sustainable Development Solutions Network, Austria comes in 12th place, one place better than a year ago. Finland is the happiest country in the world, but the other Scandinavian countries are also in the lead.

March 15, 2018

Analysis: Austrian Economy Falls Behind Eurozone Average

The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.

June 1, 2015

Andritz Signs EUR 100 Million LoI in Finland

Listed engineering Group Andritz has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-product pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland. The order value for Andritz is over 100 million euros. Start-up of the planned mill is scheduled for August 2017.

February 13, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015 · Updated: February 7, 2018; 08:12

Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area

At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.

October 23, 2014

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Commerzbank: Austria to Miss Budget Goals

Without a new austerity package, Austria will run up more debts than calculated in the bugdet plan, German Commerzbank says. The country’s AAA ratings are likely to decrease.

August 12, 2013

Borealis to Invest EUR 65 Million in Porvoo Borstar PE Plant

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has announced a major upgrading project at its production site in Porvoo, Finland.

June 28, 2013

Slovenia: Ex PM Convicted in Patria Case

Former Slovenian Prime Minister Janez Jansa was convicted of bribery on Wednesday in Ljubljana.

June 5, 2013

Forbes: “Austere Baltic States Outgrow Their European Neighbors”

Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.

April 17, 2013

Conference on European Economic Integration

Bank of Finland and Oesterreichische Nationalbank to organise a Conference on European Economic Integration in Helsinki.

November 23, 2012

Nokia Moves from Vienna to Budapest

The Finnish cell-phone company regroups and shifts its sub-headquarters for the CEE region from Austria to Hungary.

August 20, 2012

Engineering Companies to Finland

Seven Austrian companies working in mechanical engineering are going to visit Tampere and Helsinki from September 19 to September 21 2012.

August 20, 2012

Does the Euro Collapse Now? (Part 2)

The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.

August 18, 2012

Does the Euro Collapse Now? (Part 1)

The nervousness among Europe´s leaders is growing. Not only Finland warns of a breakdown.

August 17, 2012

Fischer Wants to Check ESM

Austria´s Federal President Heinz Fischer does not sign the ESM approval by the Austrian Parliament yet. „I am not under time pressure.“ he says.

July 11, 2012

Fiscal Pact More Expansive for Austria than for Germany

According to the latest calculations, small Eurozone member states would have to pay higher transfers than Germany.

June 26, 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

ESM: The Final Ruin of Europe

Solidarity with financially stricken EU countries cannot justify the irrevocable loss of national sovereignty. The transfer union will only work until the financial collapse of Germany and Austria.

May 2, 2012

Unemployment of Older Aged Workers Increases Disproportionately

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

March 17, 2012

Austria Will Not Get „AAA“ Back in Near Future

The economist at the German Deka bank, Ulrich Kater, does not think that Austria will be upgraded within the next years.

February 22, 2012

Innovation Index: Austria Falls Behind

Austria again loses in competitiveness: among the EU member countries, Austria occupies the eighth rank.

February 7, 2012

Strabag Awarded Three Infrastructure Projects in Sweden and Finland

The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.

August 9, 2011

Andritz: Order from Finland

The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.

March 22, 2011

Major order for Siemens Austria

The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.

February 26, 2011

Leitl: Finland and Austria Have Much to Learn From Each Other

Finnish ex-Prime Minister Lipponen exposes economic success secrets of his country.

November 29, 2010

Fight against early retirement - Companies should pay

The Wifo suggests that firms should pay if their employees are sick and are sent into early retirement.

July 8, 2010
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