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Politics
Kommunalkredit Sale: Austria Hires Morgan Stanley
The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.
June 6, 2012
„Bank Union is Still Far Away“
Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.
June 6, 2012
Fekter Emphasizes: „Eurobonds Do Not Solve Debt Problem“
Maria Fekter, Austria´s Minister of Finance, thinks that the idea of common bonds is no real solution, but only symptom fighting.
May 26, 2012
Attacks Against ÖIAG, Appeal on Government
The Austrian Chamber of Labor (AK) says that Telekom Austria´s main shareholder ÖIAG has failed. The works council fears a slow, but steady privatization.
May 26, 2012
The Euro – A Big Error (Part 2)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 23, 2012
The Euro – A Big Error (Part 1)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 20, 2012
OMV Faces Extraordinary Tax in Romania
OMV´s Romanian subsidiary Petrom is threatened by an extraordinary tax for oil companies. The tax should be introduced in 2013.
May 19, 2012
Sorger Underlines Austrian Crisis Management
The President of the Federation of Austrian Industries Veit Sorger reaffirms the necessity of austerity and investments of the private sector.
May 19, 2012
A “Speech to Austria”? No.
The disenchantment with politics in Austria is as big as never before. An ambitious, but meaningless speech of Vice-Chancellor Spindelegger will not change the misery.
May 15, 2012
Spindelegger Appeals Israel and Palestine to End the Conflict
Austrian Minister of Foreign Affairs: “Idle run in Middle East increases extremist danger for the region”
April 26, 2012
Austria to Intensify Cooperation with Croatia
The Austrian Minister of Economics met his Croatian counterpart in Vienna. Above all, the EU-accession and investments were discussed.
April 24, 2012
Austrian Opposition Increase Criticism on Swiss Tax Deal
For FPÖ, the tax deal with Switzerland is a “gift for tax evaders”. The Green Party sees support for tax fraud.
April 18, 2012
Felderer: „Another Downgrade Less Probable“
The Austrian economist Bernhard Felderer thinks that the risk of another downgrade of Austrian sovereign bonds has decreased.
April 18, 2012
Austrian Industry Underlines Austerity Policy
After the rating agency Fitch retained Austria´s triple A, the Austrian industry sees a confirmation of the need for austerity. Finance Minister Fekter emphasized to push for further reforms.
April 17, 2012
Fekter to Remain as Finance Minister
This week, rumors on the replacement of the Austrian Finance Minister Maria Fekter occurred. Claus Raidl, who was said to replace Fekter, denies this.
April 13, 2012
Economic Crisis: Austrians Pessimistic
The majority of Austrians thinks that the economic crisis will persist and will become even worse.
October 1, 2011
Saloon Talks in Polish Ambassy: „Europe Needs New Leadership“
In the Polish Ambassy in Vienna, the former Prime Ministers of Poland, Aleksander Kwasniewski and Austria, Wolfgang Schüssel, talked about their vision for the European Union.
September 8, 2011
Treichl: Massive Criticism on Austrian Government
Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.
January 16, 2011
Demands for Financial Transactions Tax
The Chairman of the Austrian Provincial Governors’ Conference, Josef Pühringer, demands the introduction of a pan-European financial transactions tax.
January 7, 2011
State Secretary for Finance: Euro-bonds as a Medium-term Strategy
The Austrian State Secretary for Finance, Andreas Schieder, does not discard Euro-bonds, against the majority view of German and Austrian politicians.
December 31, 2010
Changes on the Management Board of Vienna International Airport
After several weeks of controversial discussions, the Supervisory Board announced Christoph Herbst as new CEO. He will succeed Herbert Kaufmann.
December 16, 2010
Risk of Poverty for 12% of Austrians
By 2008, 12.4% of the Austrian populatin is threatened by poverty. The average of the EU countries amounts to 17%.
December 14, 2010
Workers Count on Early Retirement
Nearly half the Austrian salaried employees do not expect to work until reaching normal retirement age.
December 10, 2010
Failure of Austria's Software Industry
The President of the VÖSI, Peter Kotauczek, draws a sobering summary of the efforts of domestic software manufacturers.
December 6, 2010
New Regulations for Bank Managers' Bonuses
Additional compensations for managers in the banking sector are subject to new regulations approved by the Austrian National Council. Payments will be deferred in time.
December 5, 2010
Globalization Study: Vienna Among Top 20 Cities
New York remains at the top of the ranking of the "Global City Index 2010" by A.T. Kearney. Vienna stays unchanged at 18th place.
November 30, 2010
Vienna International Airport: Decisions on Personnel are Postponed
The previously rumored change of leadership at Vienna International Airport is not taking place yet. There is time until mid-December for the board, highly criticized because of Skylink.
November 26, 2010
It is Official: Coalition Between SPÖ and Greens in Vienna
Vassilakou becomes Deputy Mayor under Häupl. The program aims to have a recognizable green handwriting.
November 12, 2010
Austerity Package: Resistance from the Federal Provinces
While cries for savings are getting louder in the provinces, declarations of both consensus and objections come from the provincial capital cities
November 8, 2010
Vienna: SPÖ negotiates with the Greens
There is no fixed coalition commitment as yet. However, all signs point to a red-green coalition in the federal capital.
October 22, 2010
Verbund - Fight over capital increase further delayed
The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.
August 26, 2010
OeNB stresses its commitment to reform
The Austrian National Bank (OeNB) has announced its continuation of current reform policy, in light of stringent austerity measures announcement. Simultaneously, the OeNB said in a press release that its nationalisation has no impact on its independence
July 19, 2010
Union speaks of "death blow" for Austrian Railway
In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.
July 15, 2010
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