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Maria Fekter

Decisions About Hypo Group’s Future Still Pending

Finance Minister Maria Fekter has presented herself rather reserved after the meeting with EU Commissioner for Competition Joaquin Almunia.

April 5, 2013

Fekter Defends Austrian Bank Secret

With the reference to the agreement with Switzerland and Lichtenstein, Finance Minister Fekter tries to convince the EU Commission to leave the Austrian bank secret at the current situation.

April 5, 2013

Austria: Fekter Craving for Indulgence in Brussels

Austrian Finance Minister Fekter will be in Brussels on Friday to negotiate about the privatization of the nationalized-by –force Hypo Group.

April 4, 2013

Green’s Fear of Russian Black Money in Austria

Once more, the Austrian Greens insist on a reform of the bank secrecy.

April 2, 2013

Medvedev Vexed Over EU

In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.

March 25, 2013

Fekter: “Austrians can rest easy knowing that their bank deposits are safe.”

Current situation in Cyprus is an exceptional case and not comparable in any way with Austria.

March 22, 2013

VBAG is Forced to Continue Radical Downsizing Measures

The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.

March 15, 2013

Meeting of German-speaking Finance Ministers in Berlin

On Wednesday, 13 March 2013, German Finance Minister Dr Wolfgang Schäuble welcomed the German-speaking Finance Ministers of Europe to talks in Berlin. The talks focused on current finance and fiscal policy issues.

March 15, 2013

Austria: Hypo Group Still Sailing in Stormy Waters

Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.

March 12, 2013

Austria: Government Adheres to Zero Deficit in 2016

Although the economic development is behind the expectations, the government wants to achieve a budget surplus in 2017.

March 2, 2013

Austrian Budget: Pensions as Risk Factor

Until 2017, the additional burden has a size of € 1.0bn, Austrian Minister of Finance Maria Fekter says in an interview with “Presse”.

February 28, 2013

Fekter Pleased with New Banking Regulations

Austrian Minister of Finance: "Agreement stabilizes banking sector, protects taxpayers and strengthens Austrian SMEs".

February 28, 2013

Financial Transactions Tax: Austria Expects Tax Intake of € 500m

The Austria government is optimistic to reach the fiscal goal. The Federation of Austrian Industries (IV) warns of detrimental effects for the real economy.

February 16, 2013

Fekter Wants to Reduce „Ageing Costs“

Austria´s Minister of Finance Maria Fekter thinks that pension cuts are inevitable. The social democrats reject Fekter´s ideas.

February 15, 2013

„Selling Hypo Group Needs up to Five Years“

Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.

February 15, 2013

Austria Concludes Agreement on the Prohibition of Speculation

Minister of Finance Maria Fekter, Secretary of State Andreas Schieder, Conference Governor Markus Wallner, President of the Austrian Association of Municipalities Helmut Mödlhammer signed the agreement on the prohibition of speculation.

February 14, 2013

Fekter pleased With “Good data on Austria”

Austria´s Minister of Finance Maria Fekter on Ecofin data: “We have some work to do on debt reduction and pension costs”.

February 13, 2013

Fekter: "Our measures are having an effect"

Austrian Finance Minister Maria Fekter pleased regarding preliminary administrative budget deficit.

February 1, 2013

Austria: Budget Deficit Lower than Anticipated

The Austrian federal government's administrative deficit during 2012 was approx. € 7bn. Relative to the budgeted figure of approx. € 11.1bn, this represents a savings of approx. € 4.2bn.

February 1, 2013

Austria: Tax Convention Signed with Liechtenstein

Austria´s Finance Minister Maria Fekter: “A good day for Austria – through fair taxation”.

January 29, 2013

S&P Upgrades Austrian Sovereign Bonds

Finance Minister Maria Fekter on Standard and Poor's upgrade: "We are on the right path and our measures are showing results".

January 29, 2013

Fekter: “Tax Agreement Reached with Liechtenstein”

Austrian Minister of Finance Maria Fekter: "Another big step in the direction of greater tax equity".

January 26, 2013

Tax Deal with Liechtenstein: Austria Expects Substantial Tax Intake

Austria and its small neighbor country Liechtenstein will sign a tax deal. The treaty between Switzerland and Austria is a role model.

January 24, 2013

Austria´s Minister of Finance Pleased With Approval for Financial Transaction Tax

Participating States to present specific model soon, Maria Fekter says.

January 22, 2013

Fekter to Present Tax Reform Concept

In May, Austria´s minister of finance Maria Fekter (ÖVP) will present a new fiscal concept.

January 14, 2013

Bank Secret: Brussels Increases Pressure on Austria

EU-Commissioner Algirdas Semeta calls Austria and Luxembourg to give up their blockade against the reform of the interest taxation directive.

January 14, 2013

Fekter: „We Almost Overcame the Crisis“

Austria´s minister of finance stresses the stability of the euro and points out that the economic crisis could be managed.

January 10, 2013

Nowotny Expected to Remain for Full Term

Finance Minister Fekter thinks that Nowotny will not resign before the end of his new term.

January 9, 2013

Austrian Government Bans Speculation

Austria´s Federal government, Austrian provinces and municipal authorities reach agreement on a speculation ban. Finance Minister Maria Fekter: “Comprehensive Package of measures to combat speculation with tax revenues.

January 7, 2013

“Eurozone More Stable Now”

Banking union and rescue umbrella making a substantial contribution to Eurozone stabilization, Austria´s Minister of Finance Maria Fekter says.

December 14, 2012

Banking Supervision to Control Nine Austrian Banks

Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.

December 13, 2012

Austrian Banking Package: Losses total € 1.9bn

According to Austria´s Financial State Secretary Andreas Schieder, preliminary losses of the banking package come at € 1.9bn. Further losses are expected.

December 13, 2012

Juncker´s Succession: Faymann Out of the Race

The talks about the succession of Jean-Claude Juncker as chairman of the Euro-Group are going on. Austria´s Chancellor has only little prospects.

December 6, 2012

Banking Supervision: Fekter Calls for Flexibility

Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.

December 4, 2012

Faymann as Juncker´s Successor?

Austria´s Federal Chancellor Werner Faymann is said to have relatively good prospects to become head of the Euro Group.

December 4, 2012

“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

„Property Taxes are Nonsense“

Austria´s Minister of Finance Maria Fekter reaffirms that property taxes must be prevented.

November 30, 2012

Fekter: “We Have to Avoid Another Haircut”

Austria´s Minister of Finance Maria Fekter argues that another haircut would “constitute abuse of public office.”

November 28, 2012

Austria´s Budget Deficit to Decrease Slightly

Today, the Austrian National Assembly has resolved the budget for 2013. This year, Austria will not fulfill the Maastricht Criteria.

November 16, 2012

Hypo Group: Cash Contributions Come at € 500m

The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.

November 14, 2012

Fekter Underlines Austerity Policy

Fitch rating agency assigns its best triple A rating to Austria, praising in particular the stability and reform package approved in March.

November 10, 2012

Austrian Government Agrees on Bank Restructuring Law

“The agreements at government conference are intended to strengthen financial sector.” Finance Minister Maria Fekter says.

November 9, 2012

Fitch Confirms AAA for Austria

The outlook is „stable“. The rating agency is worried about the banking sector, however.

November 9, 2012 · Updated: November 9, 2012; 17:13

Hybrid Bond for Hypo Group

In order to cover the capital shortfall of Hypo Group, the Austrian state may inject € 500m into the nationalized bank. Furthermore, the bank plans to issue bonds worth € 1.0bn.

November 3, 2012

Nowotny: Greek Haircut for ECB “No Issue”

The governor of Austria´s National Bank (OeNB) Ewald Nowotny thinks that ECB would not participate in a haircut.

October 29, 2012

Tax Quota: Austria Among Top Countries

Among 27 OECD countries, the Austria´s tax quota is the eight highest. For Austria, the trend goes upwards

October 24, 2012

Austria: No Tax Reform

The Austrian Minister of Foreign Affairs and Vice Chancellor Michael Spindelegger replies to Finance Minister Maria Fekter that a tax reform is not realistic now.

October 22, 2012

Austrian Finance Minister and Foreign Minister Support Banking Union

Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.

October 22, 2012

Austrian Tax Quota to Increase

Austria´s Finance Minister Maria Fekter expects a higher tax intake in 2013. Next year, the tax quota will grow slightly to 43%. In order to prevent further expenses, Fekter rejects creating bad banks.

October 20, 2012

Poland Favors Banking Union, Czech Republic is Skeptical

The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.

October 20, 2012
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