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Michael Spindelegger

Public Dispute Over Privatizations

The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.

February 29, 2012

Moody's Put Austria on Warning

The Austrian “AAA” rating has been confirmed by the U.S. rating agency. However, credit-watch is put on “negative”.

February 14, 2012

Austrian Government Presents € 27bn Austerity Package

The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.

February 11, 2012

Government: Dispute Over Pensions

The Austrian government parties SPÖ and ÖVP disagree over contributions by retirees. The austerity package is far from being resolved.

February 6, 2012

Austerity: ÖVP Becomes Impatient

Negotiations between the coalition partners SPÖ and ÖVP are going on. ÖVP´s chairman Spindelegger locates an “incredibly big need of consolidation”.

January 31, 2012

Central Bank Act: Orban Gives In

Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.

January 21, 2012

Government to Sharpen Austerity Measures

After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.

January 17, 2012

Downgrade: „It´s Time to Take Action“

The downgrade of Austria´s rating from “AAA” to “AA+” caused mixed reactions. The Austrian economy urges for structural actions.

January 15, 2012

Downgrade: Government Surprised and Criticized

For the Austrian government, the downgrade by the U.S. rating agency is „not comprehensible”. The domestic industry urgently claims structural reforms.

January 14, 2012

ÖVP Does Not Exclude New Taxes Anymore

Against previous statements, the head of the Austrian conservatives, Michael Spindelegger, considers to introduce new taxes.

January 9, 2012

Austria Grants Highest Subsidies in Europe

In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.

January 7, 2012

Austerity Package: Business Association Warns of New Taxes

New taxes would be an “attack against the economy”, general secretary Peter Haubner says.

January 4, 2012

Austrian Government Wants to Save € 10bn

The coalition partners agreed to cut expenses by € 2.0bn per year until 2016. Details were not published.

December 27, 2011

Debt Brake: Government Tries Again

In order to install the „debt brake“ into the constitution, the Austrian government tries again to persuade the opposition parties.

December 12, 2011

Up to 3.36% Salary Increase for Civil Servants

Salaries for Austrian civil servants will increase by 2.68% to 3.36%. The government and the union came to an agreement on Sunday.

December 5, 2011

Austrian Government Pushes for Further Austerity Measures

The Minister of Finance, Maria Fekter, did not exclude an austerity package. First effects should be seen already in 2012. However, it is not clear yet if economic forecasts for the next year will hold.

November 26, 2011

Spindelegger: Cost Cuts and Privatizations to Save Triple-A

Annual interest payments would grow by € 3bn if Austria was downgraded by one notch.

November 11, 2011

Spindelegger Wants New Impetus for Nabucco

The Austrian Vice-Chancellor calls for a quick realization of the pipeline project which is stalling at the moment.

September 28, 2011

Austria Considers Lawsuit Against Hungary

The Austrian Minister of Foreign Affairs, Michael Spindelegger (ÖVP) threatens Hungary to file a lawsuit at the European Court of Justice. Hungary plans to stress banks massively.

September 12, 2011

Economic Council Met for the First Time

Representatives from business and politics came together in the Federal Chancellery. The round of talks will be held three to four times a year.

July 4, 2011

Austrian Government Reshuffle has been Completed

The resignation of Josef Pröll triggered a reshuffle in the ÖVP. Most of the positions have been filled by now.

April 22, 2011

Maria Fekter is the New Finance Minister

As part of the changes in the ÖVP government team, Minister for Internal Affairs Maria Fekter changes over to the more prestigious Ministry of Finance

April 16, 2011

Spindelegger New Vice-Chancellor and Head of ÖVP

Michael Spindelegger succeeds Josef Pröll as leader of the conservative party and Vice-Chancellor. Who will be in charge of the Minister of Finance, is still not clear.

April 15, 2011

Austria: The Gateway to Central Asia?

Leading Austrian politicians intend to attract attention at the World Economic Forum to what promises to be a new target region.

January 26, 2011

Spindelegger: Turkey's Joining the EU Will Not Happen Before 2024

In an interview with the "Wirtschaftsblatt", the Austrian Foreign Minister stresses the relevance of Turkey. Croatia should come into the EU much earlier EU.

December 29, 2010

AAA Rating Confirmed for Austria

The rating agency Standard & Poor’s; leaves Austria’s credit status unchanged.

December 22, 2010

Wikileaks: Criticism of Austrian Politicians by the U.S.

The critical view on Austria's leading politicians on part of the U.S. is written down in the recent revelations of the Wikileaks platform.

December 5, 2010
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