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Poland: Gowin Wants to Become Next Prime Minister
Conservative party member of PO Gowin is the sole challenger to Tusk for the position as party leader.
July 11, 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
Austria: Rumors about Fekter Resigning as Finance Minister after Elections
Will Fekter become President of the National Council after the elections? In government circles speculations are circling about Finance Minister Fekter quitting her post as after the national elections in September.
July 10, 2013
New Czech Government Sworn In
Czech President Milos Zeman has announced the new government of Prime Minister Jiri Rusnok on Wednesday and sworn in. The team of 15 mostly independent experts replaces the cabinet of Petr Necas, who has stepped back due to a corruption scandal.
July 10, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Poland: Measures to Increase Employment
The polish government approved a package of measues becoming effective by 2014 to improve the situation on the labor market.
July 10, 2013
Serbia: Fight against Unemployment Key Aim of Government
Serbia's Government aims to cut down unemployment to below 20 percent and tries to attract new investors.
July 9, 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
Gazprom Runs Risk Of Losing Leading Position
Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.
July 9, 2013
Turkey: Gezi Park And Taksim Square Closed Again
Only a few hours after the reopening of Gezi Park, the police in Istanbul once more used violence against demontrators as they wanted to get inside.
July 9, 2013
Ukraine Looking for Alternative Gas Suppliers
Gas supply from Europe to Ukraine may stimulate pricing of Russian import.
July 8, 2013
Poland: Opposition Strengthens Front-Runner Position
According to a recent poll, conservative opposition party Law and Justice (PiS) has intensified its lead over ruling centrist Civic Platform (PO).
July 8, 2013
Orban Accuses European Union of “Soviet-style Methods”
Hungarian Prime Minister Viktor Orban criticized the “troops of bureaucrats" who were unable to solve the economic crisis in Europe and who were now trying to denounce Hungary, which was on the road to recovery again.
July 5, 2013
Turkey: Government Alleged to Have Known About Project Fail
A week before the forceful clearing of Gezi Park in Istanbul, the Turkish government was supposed to know about the fact that it had lost before court with its constructions plans. Protests went on, despite of that.
July 5, 2013
Bolivia: “We Don’t Need a US Embassy“
Bolivian President Morales is still infuriated over the flight incident and considers closing of US embassy in La Paz. He is supported by his counterparts from Venezuela and Ecuador.
July 5, 2013
Hypo: Greens vs. Fekter
The debate about a Hypo Group has turned out a genuine match between deputy chief of the Austrian Green Party Werner Kogler and Finance Minister Fekter.
July 4, 2013
Visegrad Four Support Ukraine’s EU Integration
At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.
July 4, 2013
Moody’s: Turmoils In Bulgaria Will Not Affect Fiscal Stability
According to rating agency Moody's, the ongoing political turmoil in Bulgaria is not expected to negatively affect the country's fiscal stability.
July 4, 2013
Diplomatic Uproar After Bolivian Emergency Landing in Vienna
After the allegedly forced stop of in Austria, Bolivian President Evo Morales has returned to his home country. International criticism arises, also in regard to Austria’s actions.
July 4, 2013
Turkey: Court Forbids Reconstruction of Taksim Square
Controversial construction project led to protests and brutal police force.
July 3, 2013
Slovenia: Trying to Make a Difference
The crisis measures approved by Brussels are partially starting to make an impact. Since July 1, the higher tax rate of 22 percent is binding. However, the country does much more than just raise taxes.
July 3, 2013
Vienna: Bolivian President Allowed to Continue Journey
Bolivan President Evo Morales had to land in Vienna after several European countries – among them Spain, France and Portugal – refused the right to overfly.
July 3, 2013
Fekter: Kranebitter „Weary of Office“
Hypo CEO Kranebitter resigns and settles a score with the Finance Ministry in an open letter. He decided to step back after three and a half years because “major parts of the work were damaged”.
July 3, 2013
Orban Attacks European Parliament
Prime Minister Orban claims that members of the EP would apply double standards on Hungary.
July 2, 2013
Rosneft to Take Over Itera Completely
Russian oil producer Rosneft has taken over gas corporation Itera completely and now wants to compete against energy giant Gazprom.
July 2, 2013
Croatia To Issue Licenses for Exploration of Oil and Gas
Croatia plans to issue lucrative concession for the production of oil and gas from 2014 on.
July 2, 2013
Snowden Applies For Asylum in Austria
Former US intelligence official Edward Snowden has applied for asylum in several countries, among them Austria, according to WikiLeaks.
July 2, 2013
No End to Protests in Bulgaria
Demonstrators demand the resignation of the government and early elections.
July 2, 2013
Hypo Group: CEO Kranebitter Steps Back
Kranebitter announced to stay until the half-year accounts are published. On Monday it became known that the ailing bank will in all likelihood require more state aid than planned.
July 2, 2013
Hypo Group: CESEE Units to be Sold Until Mid-2015
The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.
July 1, 2013
Putin Offers Snowden Right to Stay
Russian President Vladimir Putin has offered fugitive IT specialist Edward Snowden a right to stay as long as he will not further harm the US.
July 1, 2013
Alpine: 2,600 Jobs Secured
Social Minister Rudolf Hundstorfer assumes that a lot of Alpine employees will continue to be employed. Former CEO Schiefer announced that Alpine was “clinically dead” when he took over management in April 2013.
July 1, 2013
Faymann: Croatians Realistic With EU Membership
Austrians have a positive attitude towards Croatia’s new membership.
July 1, 2013
Hypo Group: Government Hopes For Expansion of Deadline
The restructuring plan for Hypo Group has been handed in to Brussels. It is still unclear whether the deadline will be expanded.
July 1, 2013
Austrian Coalition to Take Stock of Legislative Period
In a joint interview with several leading Austrian newspapers, Austrian Chancellor Werner Faymann and Deputy Chancellor and Foreign Minister Michael Spindelegger take stock of the legislative period so far.
June 28, 2013
Slovenia Likely To Require Bailout
According to Capital Economics Ltd. Slovenia will in all likelyhood ask for a bailout to bolster its ailing banking sector in case the debt crisis in Europe should worsen.
June 28, 2013
Ukraine Could Become Energy Hub in Europe
According to EU Enlargement Commissioner Füle, Ukraine is an important partner of the EU.
June 26, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
EU Accession Talks With Serbia Around the Turn of the Year
The EU Ministers for Foreign and European Affairs agree that EU Accession negotiations with Serbia should commence around the turn of the year.
June 25, 2013
Czech Republic: Rusnok New Head of Government
Czech President Milos Zeman has appointed his confidant Jiri Rusnok head of a government of experts.
June 25, 2013
Fekter: "1.76 Billion Repayment by Erste Bank is Good News for Taxpayers"
Thanks given to Erste Bank for repayment of EUR 1.76 billion in participation capital
June 25, 2013
Austria: Government Agrees on Stimulus Package
Startled by construction company Alpine’s insolvency, the Austrian government has agreed on the fiercly discussed stimulus package. An amount of € 800m is required additionally.
June 25, 2013
Alpine: Biggest Bankruptcy in Austrian History
Bankrupt-gone construction company Alpine operates at 1,400 construction sites and is supposed to complete orders in the amount of € 800m. The shutting down of the enterprise has been decided.
June 25, 2013
US: Active Investor in Romania
US companies remained active investors in Romania last year. Particulary the IT sector, automotive industry and oil/gas sector are increasingly strengthening their local position. Foreign direct investments from the US came at more than $ 1bn.
June 24, 2013
Rosneft to Supply China Over 25 Years
Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.
June 24, 2013
Turkey: Prospects of EU Accession Talks Brighten
Turkey’s prospects of the continuing of the EU Accession negotiations have brightened. During a meeting in Luxembourg several foreign ministers took a much more moderate tone.
June 24, 2013
Russia: Putin Changes Personnel at Ministry of Economics
In the light of the menancing recession, Russian president Vladimir Putin has reorganized the leaders of economic policy-makers.
June 24, 2013
Zeman Favors Government of Experts
After Prime Minister Petr Necas‘ resignation, President Milos Zeman prefers the induction of a government of experts.
June 24, 2013
Alpine to Be Shut Down
Bankrupt-gone construction company Alpine is facing a breaking down. After negotiations about establishing a rescue company failed, the enterprise will apply for a shutdown.
June 24, 2013
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