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January 31, 2023
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Poverty

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Development Policy in Austria: Focus on Combating the Consequences of Pandemics and Poverty

Recently, the Foreign Minister presented an updated version of the goals of Austria's development policy to the Austrian Parliament. If you want to know which goals Austria is aiming for and what this year's focus will be, read on.

August 11, 2022
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World Water Day: Austria Promotes Access to Clean Water

On the occasion of World Water Day 2021, Austria's Foreign Minister Alexander Schallenberg and Managing Director of the Austrian Development Agency (ADA) Martin Ledolter stay committed to promoting access to drinking water in different countries around the world. Funds of almost EUR 7 million will be provided for projects in Ethiopia, Moldova and other countries.

March 23, 2021
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Austria Helps: Covid-19 Accelerates Global Crises

The Austrian government has decided to increase its funding for the Foreign Disaster Fund and the Austrian Development Agency, which are both responding to ongoing crises in the world. In total, the two programs will be able to help people in need with over EUR 175 million in 2021, an increase of almost EUR 40 million compared to 2020.

December 15, 2020

International Day for the Eradication of Poverty: Schallenberg Ensures Contribution

On the occasion of World Food Day and the International Day for the Eradication of Poverty, Foreign Minister Schallenberg ensures that the "reduction of poverty is the most important goal of the Austrian Development Agency". This has been underlined with the doubling of the Foreign Disaster Fund.

October 16, 2020
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Austrian Development Cooperation until 2021 - Sustainable Development Reaching People

In the next three years, the Austrian Development Cooperation will focus above all on the promotion of women and local development assistance.

January 24, 2019

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

Bosnia: The Calm After the Storm

The protest movement has lost momentum. The future of Bosnia is more uncertain than ever before.

February 15, 2014

Bosnia: Protests Go On

After a number of political step-downs, the protests in Bosnia do not come to an end. The protest movements wants to take back controversial privatizations and the state presidium to step down.

February 9, 2014

Bosnia: Protest Movement Calls for Revolution

After the most serious riots since the end of the civil war, the violence has stopped for the time being. Nevertheless, the mood is still more than tense.

February 8, 2014 · Updated: February 8, 2014; 13:33
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Bosnia: Protests Turn Into Violence

Due to the extremely tense social situation in the Balkan country, first protests turned into violence.

February 7, 2014

Czech Economy to Grow Not Sooner than 2016

The Czech economy will struggle to show economic growth both this and next year, according to the Czech Federation of Trade Unions CMKOS.

January 21, 2014

Austria: Distribution of Wealth Extremely Unequal

The top one percent of Austrian households possesses more than 50 percent of all investment income.

January 13, 2014

Southeastern Europe Endangered of Civil Unrests

According to the Economist Intelligence Unit, several CESEE countries may face civil unrests in 2014. In particular, Southeastern Europe is in the danger zone.

January 4, 2014

Bulgaria: Economic Upturn Not Sooner Than 2015

As reported by Bulgarian daily Standart, an economist at World Bank pointed out that the country has not yet reached the economic situation of before the start of the financial crisis in 2008.

December 20, 2013
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Bulgaria: Number of „Working Poors“ Grows Considerably

Bulgaria´s average wage only comes at € 269 per month. 600,000 Bulgarian earn less than € 180 per month.

October 15, 2013

World Bank: 47 Banking Crises in the Past 40 Years

47 banking crises that have struck 116 countries in the past 40 years - World Bank

October 8, 2013

Czech Republic: Working Poor Class Grows

In total, about one million Czechs fall into the category of employed poor. Their number is growing substantially.

September 28, 2013

Poland Trying to Eliminate Povery

The country plans on spending € 2bn in the combat against poverty.

September 19, 2013

Can We Eliminate Extreme Poverty By 2030?

Over the last 200 years the world as a whole has seen a marked decline in the incidence of absolute poverty.

August 14, 2013
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Bulgaria: Protests About to Escalate

Heavy clashes between protestors and policemen in Bulgaria´s capital Sofia are endangering the political stability.

July 24, 2013

EU Threatens Hungary With Process

The EU Commission has warned Hunary with a lawsuit in case the government in Budapest should not withdraw the controversial amendmends to the consititution.

April 12, 2013

1.4 Million Austrians At Risk of Poverty

According to the most recent EU social report, 1.4m Austrians are at risk of poverty or social exclusion. Social Minister Hundstorfer regards Austria be on the right path in the fight against poverty.

April 12, 2013

Household Assets in Austria Lower Than in Spain

The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.

April 10, 2013

ILO Warns of Social Unrest in Europe

Because of the continuing high figures in unemployment in great parts of Europe, experts warn of social unrest.

April 8, 2013
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Barroso: „Existantial Crisis is Over“

President of EU Commission Jose Manuel Barroso came to Vienna to meet with Austrian Chancellor Werner Faymann and Foreign Minister Michael Spindelegger.

April 6, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

EU’s Austerity Cuts Adverse to Health

EU’s austerity measures negatively affect citizen’s health, is the result of a health study carried out by “The Lancet”. The Commission was supposed to examine the political effects.

March 27, 2013

Strikes Paralyze Poland

Protests against government’s changes in education, social and labor policy.

March 27, 2013

Head of Bank of Cyprus Withdraws

Head of Cyprus’ biggest bank withdraws. Cyprus’ Labor Minister warns of recession and economic downturn due to the austerity measures imposed by the EU and Commission.

March 26, 2013
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Austrians Poorer Than Italians or Spaniards?

According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.

March 22, 2013

"Croatia Will Not Benefit From Joining The EU"

Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.

March 22, 2013

Hungary: In a Debt Crisis Soon?

New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.

March 22, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Hungary: Dissatisfaction Towards Government Grows

Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.

March 18, 2013
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Future of the EU Requires Solidarity And Integration

The EU has declared the year 2013 to be the “year of citizens”. The citizens of the EU should become aware of their European identity and their rights that come along with it.

March 15, 2013

Hungary: Orban Rejects Criticisms

After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.

March 15, 2013

Hungary: Number of Emigrants to Austria Increases

More and more Hungarians emigrate to Austria due to economic and political reason.

March 14, 2013

Latvia: Increase for Minimum Wages Turned Down

Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.

March 12, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013
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Hungary: Constitutional Amendmends Signed By Vast Majority

EU Commission fears that Hungary’s state institutions will have to experience major restrictions.

March 12, 2013

Hungary: Former President Urges Successor to Veto

Former President Lazlo Solyom warns his follower, President Janos Ader,in a dramatic speech of the end of checks and balances in Hungary’s political system.

March 11, 2013

Hungary: Highest Loss in Real Wages in Five Years

Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.

March 6, 2013

Austrian Development Funds: Programme Approved

“ADA has over 110 million euros funding for operative development cooperation work in 2013” the Austrian Ministry of Foreign Affairs says.

March 6, 2013

Mixed Outlook for Russia

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

March 4, 2013

Bulgaria „Protests are Useless“

In an interview with the Austrian daily newspaper „Standard“, Bulgarian author Ilija Trojanov explains why the situation in Bulgaria is rather hopeless.

March 1, 2013

Bulgaria: Economy to Stabilize

Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.

February 28, 2013

Bulgaria: Protestors Want Radical Reforms

The atmosphere in the poorest EU country remains tense. The citizens want a new constitution.

February 28, 2013

Bulgaria: Protests Continue in Sofia and Varna

Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.

February 24, 2013

Bulgarian Government Resigns

This step came as a surprise. Before, Prime Minister Boyko Borisov rejected to step down. In April, the country will hold new elections.

February 20, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013
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