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Ludwig Is Sworn In as New, Old Mayor of Vienna

Michael Ludwig was sworn in as mayor of Vienna by Federal President Van der Bellen. The President sees the coalition between Ludwig's Social Democratic Party (SPOE) and the New Austria and Liberal Forum (NEOS) as an interesting opportunity, since this constellation had not existed on a federal or state level before.
November 24, 2020
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Equality in the Job Market: Federal Minister Advocates For Improvements

At the informal meeting of EU ministers and at a discussion with EU Commissioner Helena Dalli, Austrian Minister for Women's Affairs Raab pleaded for a mix of measures to meet the current challenges on the labor market and to bring more women into future industries.
October 13, 2020
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WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge

The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020


Higher Unemployment Rate in Euro Zone, Decreasing Numbers in Austria

Even though many EU Member States have loosened Covid-19 containment measures, unemployment increased once again in the euro zone. Austria's rate decreased slightly from June to July 2020.
September 2, 2020
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Coronavirus: Profit Warning Issued by Vienna International Airport - Reduced Working Time Planned

Travel restrictions and the resulting massive reduction in the number of scheduled flights at Vienna International Airport severely depress revenues and annual results for 2020.
March 12, 2020



New Working Holiday Program Enables Young Argentinians to Experience Living in Austria


Austria includes the largest Spanish-speaking nation, Argentina, in its range of working holiday programmes, so that in the future young people between 18 and 30 years of age from both countries will be able to travel more easily to the other country and gain new valuable experience on the labour market during a given period.
April 5, 2019
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Labour Supply in Austria to Grow by 5% by 2050

The supply of labour in Austria will continue to increase in the future if the trends in immigration and labour market participation continue. In 2017 there were an annual average of 4.55 million labour force in Austria, in 2020 according to the trend variant of the forecast there will be 4.63 million (+2%) and in 2050 4.79 million (+5%). No further growth is expected in the second half of this century.
November 22, 2018


Annual Report of the European Commission: How did Austria do?

The European Commission presented its annual reports on 27 EU member states. How did Austria do? Well, it kinda ended up with a black eye. The report took a pop at Vienna for a number of structural shortcomings, including tax burden on labour, pension and healthcare expenditures, house prices, restrictive regulation in the services markets, stagnating productivity and and not enough action on spreading digital technologies. That isn’t a particularly good report card for the previous coalition government of ÖVP und SPÖ. Let’s see if the new coalition government of ÖVP und FPÖ can make the grade the next time around.
March 11, 2018


Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.
May 3, 2016
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Austria: Right-Winged Extreme Party Buoyed by Tailwind

The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.
May 21, 2014


“Romania Can Never Become the China of Europe”

Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.
May 15, 2014
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Fiat Intensifies Investments in Poland

As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.
May 9, 2014


Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).
May 7, 2014


Pewag Striving for Larger Market Share in US

The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014
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Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014


Majority of Czech Entrepreneurs Want Euro

According to a survey, more than three quarters of Czech entrepreneurs are in favor of the country adopting the Euro.
April 30, 2014
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Austria: Is Spindelegger Suitable as Finance Minister?

On Tuesday the Austrian Finance Minister will hold his first budget speech. Initial figures reveal record debt levels.
April 28, 2014


Serbia: New Government Taking Drastic Measures

New head of the Serbian government Aleksandar Vucic has ambitious plans to reform the state and restructure state finances.
April 28, 2014


Austria: Difficult Market Situation for Selling Bawag

The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.
April 24, 2014
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Eder: Policy-Makers Have to Make Decisions

Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014


Struggling Insurance Industry

Despite favorable results last year the European insurance market has to face a number of adverse factors.
April 23, 2014
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Serbia: “Huge Challenges Ahead”

President Tomislav Nikolic appointed Aleksandar Vucic to form a new Serbian government.
April 23, 2014


Austrians Cautiously Observant

Despite economic recovery the Austrian citizens are still cautiously observant.
April 22, 2014


Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
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Slovakia as a Role Model?

In an interview with Austrian daily “Wirtschaftsblatt”, Tomas Malatinsky, Economy Minister of Slovakia, talked about budget discipline, investments and tax policy.
April 16, 2014


IMF Upgrades Growth for Slovenia

In its latest report the International Monetary Fund has raised its projection for GDP growth in Slovenia.
April 9, 2014
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Fitch: Polish Rating Foundations Very Solid

As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.
April 8, 2014


Hungarian Electorial Law Supports Major Parties

Orban is the clear winner of the parliamentary elections in Hungary. He stressed that there are no more conflicts with the EU than any other member state had.
April 7, 2014


Serbia: Effective Measures for Economy

The Serbian Chamber of Commerce considers the measures for economic growth “a very big thing”.
April 7, 2014
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Hungary: Clear Victory for Orban

Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014


Hungary: Orban Faces Re-Election

Tomorrow, Sunday, Hungary holds national elections. Despite the difficult economic frame conditions in Hungary, the centre-right government is expected to be confirmed for the next four years.
April 5, 2014
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Serbian Future Government Needs to Be “Compact”

According to the deputy leader of SNS, Aleksandar Vucic “shall introduce iron discipline in the Government.”
April 3, 2014


VIG: Takeover of Donaris Successful

Acquisition of the Moldovan insurer Donaris completed
April 3, 2014


Austria: “Financial Crisis is Not Yet Over”

Deputy Chancellor and Finance Minister Michael Spindelegger considers the financial crisis not to be completely over.
April 2, 2014
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Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014


Leitl: “Growth Must Not Mean Less Reforms”

Economic growth is now weaker than in the previous phases of upturn.
March 28, 2014
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Austria: Economic Growth Slowly Getting in Gear

Wifo (Austrian Institute of Economic Research) projects economic growth in Austria to revive again only at the end of this year.
March 27, 2014


Serbia: Program for New Government in Progress

The future government will have to implement extensive reforms. Vucic, whose party saw a landslide victory in the parliamentary elections, is working on the government’s program.
March 26, 2014


Poland: Good Starting Point for Economic Growth

Economic growth for 2014 is expected to accelerate to 3.1 percent to 3.2 percent in the first quarter while for the full year it is anticipated to come at 3.5 percent, according to Polish Economy Minister Janusz Piechocinski.
March 26, 2014
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Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014


Poland: Promising Years Ahead

Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.
March 25, 2014
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Austria: Unemployment Rate to Remain at Record High

The Austrian unemployment rate is expected to remain at a record high even in 2015.
March 25, 2014


Serbia to Continue Talks with IMF

Serbia's Minister of Finance Lazar Krstic announced that an International Monetary Fund (IMF) mission will visit Serbia for talks on a new three-year arrangement shortly after a new government is formed.
March 21, 2014


Fitch: Elections Command Fiscal Consolidation and Reforms

Vucic appears to acknowledge the need for reforms in Serbia.
March 20, 2014


Serbia: Economic Activity Increases Speed

Since the beginning of 2014 economic activity has started to accelerate.
March 19, 2014


Wifo Warns European Council of Economic-Policy Standstill

The Austrian Institute of Economic Research sharply criticizes the current economic policy of the European Union and calls for a change of course to reach the self-defined targets.
March 19, 2014
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Serbian President: Vucic is New PM

Serbian President Tomislav Nikolic named Aleksandar Vucic as new Prime Minister.
March 17, 2014


Belka: Poland Should Not Haste into Eurozone

Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.
March 17, 2014


Recovery of Austrian Economy Continues

Austrian economy continues its recovery despite weaker upswing.
March 17, 2014


Serbia: Vucic Stands Good Chances of Becoming PM

Vucic is regarded new Serbian Prime Minister in the parliamentary elections.
March 15, 2014