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Ireland

Toys "R" Us in Austria Gets Northern Irish Owner

The Northern Irish toy dealer Smyths Toys takes over the 15 Toys "R" Us toy stores in Austria.

April 23, 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

FDI: Western Europe Overtakes China and North America, Austria Improved Its Position

Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.

May 29, 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

Bulgarians Pessimistic about Own Future

More than 90 percent of Bulgarian citizens deem the country to be in an economically bad situation.

February 20, 2014

Industrial Sector: Growth Painfully Slow

According to a survey by research institute Markit, industrial production in the Eurozone increased in October for the fourth time in a row. However, the rate of growth is still low.

November 4, 2013

ESM Charges € 262 From Every Austrian

The establishing of the European Stability Mechanism (ESM) burdens every Austrian citizens with an average amount of € 262. Luxembourg is the country contributing the most per capita followed by Ireland.

September 24, 2013

Polish Road Authority As Tardy Payer

Prime Minister Tusk seems unimpressed about ambassadors from six countries filing a complaint.

June 19, 2013

Lopatka: "Austria Is a Leading Investor in the Western Balkans States"

Austrian State Secretary welcomes the most recent agreement between Serbia and Kosovo as pointing the way towards enlargement

May 27, 2013

Slovenia Hoping for Soon Recovery

Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.

May 21, 2013

Austria to Give Up Bank Secret for Foreigners

After years of blocking, Austrian Finance Minister Maria Fekter gave green light to the abandoning of the bank secret for foreigners.

May 14, 2013

Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy

Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.

May 10, 2013

Ukraine and Ireland to Sign Double Tax Agreement

Ukraine and Ireland signed a Double Tax Agreement in Kyiv during the official visit of Irish Minister of State at the Department of Finance Brian Hayes.

April 24, 2013

First EU Bail-Out Funds for Cyprus in Mid-May

The € 10bn worth bail-out package for Cyprus will become effective in the next few weeks, according to the Irish EU Presidency.

April 17, 2013

Slovenia to Emerge From Quagmire By Itself?

A recent report by the OECD paints a dim picture of the country’s economic future.

April 17, 2013

Eurozone: Cut in Interest Rate Not Necessary

According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.

March 14, 2013

“Eurozone On Stable Ground”

Austria´s Minister of Finance Maria Fekter is optimistic. Spain, Portugal and Ireland are making substantial progress. However, the crisis is not over yet, she notes.

December 1, 2012

Vienna Stock Exchange welcomes first trading member from Ireland

As of today, Virtu Financial Ireland Limited is the first trading firm from Ireland to join as direct trading member the cash market of the Vienna Stock Exchange.

September 21, 2012

Kommunalkredit´s KA Finanz Needs New Guarantees

Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.

August 6, 2012

Austria: Guarantees Reach Half of Public Debt

Among EU members, only Ireland has more guarantees as a percentage of GDP.

July 30, 2012

Strong Increase in Unit Labor Costs

Since 2008, the Austrain economy records a disproportionately high increase in unit labor costs. The average of the eurozone amounts to 6.4%. In Austria, the unit labor costs were up by 11.1%.

June 29, 2012

Survival of the Euro Questionable

Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.

June 26, 2012

Fekter Defends Euro Aids

Austria´s Finance Minister Maria Fekter underlines the „necessity of solidarity“ and stressed ist commitment to the common currency. The Austria opposition party FPÖ made a serious protest.

June 16, 2012

Spindelegger: “Great respect for future-oriented decision taken by Ireland”

The Austrian Vice Chancellor congratulates his Irish colleague Eamon Gilmore on the outcome of the referendum.

June 4, 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

Kapsch Wins Contract in Ireland

The Austrian toll system supplier wins Irish Rail GSM-R tender for the implementation of a digital train radio system.

February 2, 2012

RHI Buys Irish Raw Materials Producer

The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.

September 30, 2011

Austrians Support Aid for Greece

The majority of the Austrian population does not want to let Greece down. 55% see the common currency at risk.

June 22, 2011

Bronze Medal for Austria’s Economy

According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.

June 21, 2011

ÖBB: Massive Losses in Ireland

The ÖBB had to write off € 260m because of a sale and lease-back transaction.

March 19, 2011

"Austria Does Not Deserve an AAA Rating"

The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.

January 29, 2011

Austrian Resistance Against Euro Bonds

Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.

December 8, 2010

Leitl Vehemently Defends Euro Protection Shield

The President of the WKÖ (Austrian Federal Economic Chamber), Christoph Leitl, gives a clear answer to the euro critics: without the euro, Austria would have become a problematic case in 2009.

December 6, 2010

OeNB Governor Nowotny Approves of Ireland Protection Measures

The governor of the Austrian National Bank says the decisions on Ireland and the European stability mechanism are positive.

November 29, 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
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