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Reinhold Mitterlehner
Austria´s Fischer Absolved State Visit in Armenia
The Austrian President Heinz Fischer met his Armenian counterpart Serzh Sargsyan. Both heads of states agreen on deepening economic and cultural relations.
June 28, 2012
„ÖIAG Should Manage Banking Interests“
Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.
June 23, 2012
Austria´s Exports to Asia on the Rise
Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.
June 21, 2012
Heavy Dispute Over ÖIAG
The Austrian Minister of Finance plans to incorporate the publicly held stakes in ÖBB, Asfinag and Verbund into ÖIAG. The coalition partner SPÖ and Reinhold Mitterlehner oppose to this attempt.
June 21, 2012
Uncertain Future for ÖIAG
After CEO Markus Beyrer announced to resign, a new debate about the future of the publicly held Austrian industrial holding emerged.
June 19, 2012
Mitterlehner: „Romania is an Important Trading Partner“
Austria´s Minister of Economic Reinhold Mitterlehner sees many business opportunities for Austrian enterprises in Romania. Above all, the energy sector is highly promising, Mitterlehner says.
June 18, 2012
Fekter Defends Euro Aids
Austria´s Finance Minister Maria Fekter underlines the „necessity of solidarity“ and stressed ist commitment to the common currency. The Austria opposition party FPÖ made a serious protest.
June 16, 2012
Mitterlehner Suggests Dissolving ÖIAG
The Austrian Minister of Economics Reinhold Mitterlehner intends to privatizie the remaining stake in Telekom Austria. This could mean the end of the Austrian industrial holding.
June 16, 2012
Fischer Has Understanding for Bank Tax in Slovakia
Slovakia wants to introduce bank taxes. Austria´s Federal President Heinz Fischer, who met his Slovakian counterpart Ivan Gasparovic, does not have objections.
June 9, 2012
Austrian R&D Expenses Rise to € 8.61bn
In 2012, R&D expenses are expected rise by 4.0% in Austria. The bulk of R&D expenses is contributed by enterprises.
June 6, 2012
„Combining Austerity and Growth Measures“
The Austrian Minister of Economics and the President of the Austrian Chamber of Commerce claim a European growth strategy without turning down austerity policies.
May 11, 2012
Small Rise in Foreign Trade
January to February 2012: moderate increase in imports (3.9%) and exports (5.4%).
May 8, 2012
Common Energy Strategy for Germany, Austria and Switzerland
After the German nuclear exit, Switzerland and Austria should act as “green battery”.
May 2, 2012
Small Growth in Austrian Winter Season
The current tourism winter season 2011/12 recorded a rise in overnights by 2.1%.
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
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
Mitterlehner: „AAA is still Far Away“
Austria´s Minister of Economics does not believe that S&P gives back the “AAA” rating soon. However, the debate about Austria´s rating is overvalued, he thinks.
April 17, 2012
Austrian-Chinese Trade at All-Time High
Last year, bilateral trade volume rose by 13% in 2011 to over € 9bn. Austrian Exports rose by 11.7%.
April 10, 2012
IPIC Intends Further Increase in OMV
The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.
March 8, 2012
Foreign Direct Investment in Austria Increasing
In 2011, a moderate decline in new enterprise settlements was registered. Investments grew by 34%.
March 8, 2012
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
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
Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“
For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.
February 6, 2012
Increase in IPIC´s Shareholding at OMV Approved?
Today, the Austrian Ministry of Economics announced to have decided over IPIC´s application. The Arab fund plans to increase its stake at OMV beyond 25%.
January 27, 2012
Strong Rise in Foreign Trade
From January to October 2011, Austrian trade volume reached more than €100bn in both trade flows.
January 4, 2012
Mitterlehner Pushes for more Venture Capital
The Austrian Minister of Economics, Reinhold Mitterlehner wants to increase efficiency and reduce redundancies in economic subsidies.
December 10, 2011
Austrian Tourism Industry is Cautiously Optimistc
The Austrian Minister of Economic, Reinhold Mitterlehner considers that the tourism industry has learned to deal with an economic crisis.
November 28, 2011
Austrian Minister of Economics Criticizes Hungary
On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.
November 21, 2011
Austrian Trade With China to Double
On the occasion of the state visit of the Chinese President Hu Jintao, the Austrian Minister of Economics stated to aim a deepening of the bilateral economic relations.
November 1, 2011
Nationalization of Banks Not Excluded Anymore
According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.
October 31, 2011
„Extend Economic Ties to Georgia“
The Austrian Minister of Economics wants to cooperate closer together with Georgia, which offers export opportunities for the Austrian industry.
October 25, 2011
Austrian Metal Industry: Strike Threatens
After a warning strike on Friday, representatives of the metal industry and the trade union still reached no agreement. Now, a full strike threatens.
October 15, 2011
Mitterlehner: „Settlement of Headquarters Key Question for Austria“
The Austrian Minister of Economics, Reinhold Mitterlehner, wants to push the development of the domestic location through improving framework requirements steadily.
October 4, 2011
Mitterlehner with Plans for Reform of ÖIAG
The Minister of Economics intends to reposition the Austrian state holding company. Markus Beyrer, the new CEO, is currently evaluating new concepts.
July 25, 2011
Credit Costs to Rise in the Wake of Basel III
The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.
July 20, 2011
Food Prices Continue to Rise Rapidly
Within three months, prices increased by more than 8%. The Austrian Chamber of Labor asked the government to take countermeasures.
July 19, 2011
Economic Report 2011: Government Surprised by Quick Recovery
Experts praise Austria’s relatively stable performance during the years of crisis and call for reforms necessary for ensuring the country’s competitiveness.
July 8, 2011
Foreign Trade: € 35m for Promotion of Exports
82% of Austrian exports go to other European countries. The state and the Economic Chamber start a new initiative to increase trade with BRIC countries.
July 4, 2011
Retail Sector: New Discussion about Sunday Opening
The current dispute is about the right to open shops on certain lucrative Sundays. The operator of a shopping center has brought in an action at the Constitutional Court.
June 20, 2011
Firms Asked to Reduce European Focus in Favour of BRIC States
The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.
May 17, 2011
Fierce Criticism of Austria's Energy Policy
Anschober (Greens): "The Minister of Economy insists on the worst promotion policy of green electricity in Europe: this is hostile to the business and labor market"
April 21, 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
Electric Mobility as a Topic of the Future for Domestic Enterprises
Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.
April 14, 2011
Verbund: Expected Improvement in Earnings for 2011
Wolfgang Anzengruber, CEO of the Austrian energy group Verbund, foresees growth in earnings and a stable result for 2011
April 14, 2011
Mitterlehner PromotesTourism Strategy for Austria
The Minister of Economy is working on a new alliance of federal and provincial governments in order to focus on marketing, subsidies and innovations for the tourism industry.
April 2, 2011
Mitterlehner: New Modernization Partnership Concluded with Russia
Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.
April 1, 2011
Mitterlehner Intends to Expand Economic Relations with Malaysia
A work meeting was held in Vienna with the Malaysian counterpart. New export opportunities exist primarily through eco-innovation.
March 30, 2011
Mitterlehner: Further Expansion of Economic Relations with Colombia
Meeting with Colombia's Vice-President Garzón: New Memorandum of Understanding on economic cooperation is planned.
March 4, 2011
Mitterlehner: "Companies are Taking On More Apprentices Again"
The Austrian Minister of Economy sees positive developments on the labor and apprenticeship market. The promotion of apprenticeships has proved to be successful.
March 2, 2011
Property Restoration Provides Hopes for Growth and Employment
With the release of € 400m for thermal rehabilitation, five times as much is to be generated in sales. Up to 80% of this amount stays in Austria.
February 10, 2011
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