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Polish Government to Leave Austerity Path
In order to boost Poland´s economic growth, the government wants to ease the fiscal discipline.
July 17, 2013
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Austrian Population Increasing Only Because of Migration
Austria's Population rose in 2012 by about 43 700 people. Without migration, Austria would shrink. About 140,000 people are moving to Austria and 100,000 people are leaving the country year by year.
July 16, 2013
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Austrian Coalition to Take Stock of Legislative Period
In a joint interview with several leading Austrian newspapers, Austrian Chancellor Werner Faymann and Deputy Chancellor and Foreign Minister Michael Spindelegger take stock of the legislative period so far.
June 28, 2013
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Leitl: „Austrian Enterprises Need Further Growth Impulses“
The Austrian Chamber of Commerce (WKO) commits to budget consolidation but growth is the basis for a balanced state budget.
June 27, 2013
Austria: Government Agrees on Stimulus Package
Startled by construction company Alpine’s insolvency, the Austrian government has agreed on the fiercly discussed stimulus package. An amount of € 800m is required additionally.
June 25, 2013
Austria: „Death Blow for Economy“
The Austrian Economic Association (Wirtschaftsbund) announced that the realization of all demands in the Austrian Trade Unions’ (ÖGB) leading proposal would come at € 21.9bn. The Austrian economy would be burdened with € 14bn.
June 17, 2013
Austria: Wienerberger Alarmed About Shrinking Residential Building
Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.
June 12, 2013
Fekter: The North Feeds The South
Finance Minister Fekter compares the situation in Europe with the economic circumstances in Italy.
June 11, 2013
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Oresharski: Things Were Never So Bad in Bulgaria
One week after assuming office, Bulgaria’s new Prime Minister Plamen Oresharski announced that the social and economic situation in the country has reached an all-time low.
June 5, 2013
Slovenia: Bailout As An Option
Prime Minister Bratusek announced her consent to introduce fiscal rule in 2015.
June 4, 2013
ILO: Risk for Potential Social Unrest in EU
The European Union is prone to social unrest accorking to most recent World of Work Report.
June 4, 2013
Fekter: “Draft Legislation on Zukunftsvorsorge Pension Savings Scheme Will Create Certainty”
Main focus on improving the attractiveness of state-subsidised pension savings scheme and enhancing transparency for customers
June 4, 2013
Romania: Erste Forecasts Economic Growth at 1.8 Percent
Erste keeps Romania's economic growth forecast for 2013 unchanged at 1.8 %.
June 3, 2013
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Leitl: „There Is No More Time To Waste“
Switzerland and Sweden pull away from the rest of the European countries in regard to international competitiveness, according to the latest IMD report, while Austria has been falling behind.
May 31, 2013
World Competitive Ranking: Austria Loses 7 Ranks
The World Competitive Ranking of Lausanne IMD Private School of Economics has become one of the most significant location comparisons on an international basis in the last 25 years.
May 29, 2013
Serbian – Austrian Cooperation in Social Security Sector
Austrian pension and disability insurance system knowhow particularly useful for Serbia.
May 15, 2013
Austria: Labor Restrictions for Croatian Citizens
The Austrian Foreign Ministry announced to use the maximum transitional period of seven years before Croatian citizens can enter the Austrian labor market.
May 15, 2013
No Changes in Bulgarian Political Landscape
At the early elections in Bulgaria, Prime Minister Borissov’s Gerb party turns out winner in the early elections.
May 13, 2013
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Maria Fekter: Hot-Tempered Lady At the Fireplace
Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.
May 8, 2013
Pressure from EU on Orban Increases
EU demands that Hungary withdraws the changes to the constitution.
May 8, 2013
Commission: European Economy to Stabilize in First Half of 2013
The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.
May 7, 2013
Slovenia: No Agreement on Fiscal Rule
Coalition and opposition remain divided over the question on when to implement the new fiscal law.
May 6, 2013
Eurozone: Household Savings Rate Decreased Significantly
Household saving rate down to 12.2% in the euro area and to 10.7% in the EU27. Household real income per capita fell by 1.1% in the euro area.
April 29, 2013
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Poland: Trade Union Threatens With Protests
The conflict between the trade union Solidarnosc (solidarity) and the Polish Government aggravates.
April 26, 2013
Fekter: "Proposed Reform Creates Security"
Government-Sponsored Pension Plans – Bill Under Review. Objective: Increase the attractiveness of government-sponsored pension plans and improve transparency for customers entering into agreements
April 24, 2013
Albania: Under EU’s Watch
Brussels called for further modernizations of the judiciary in Albania before the EU considers Accession talks with the country. Futhermore the union announced to keep a close eye on the elections in June.
April 24, 2013
Hungary: New Political Competition For Orban
Former Finance Minister founds “conservative, pro-European” party.
April 23, 2013
Putin: Stimulus Package for Russian Economy
Because of the present stagnation Putin demands a stimulus package for Russian economy.
April 22, 2013
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Croatia: Greece As A Threat To 2013 Tourism
Last year Croatian tourism proceeds increased 3.2 % on a year-on-year comparision. However, with Greek tourism expected to rebound to pre-crisis standards, the country fears to be left behind in the competition.
April 22, 2013
Austria and Bosnia-Herzegovina to Commence Dialogues
Bosnia-Herzegovina shows interest in Austrian social partnership model and measures against increasing youth unemployment rate.
April 18, 2013
Hungary: Average Gross Earnings Increased Marginally
Average gross earnings amounted to HUF 223,100.
April 18, 2013
Forbes: “Austere Baltic States Outgrow Their European Neighbors”
Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.
April 17, 2013
Austria: Number of Small-Business Owners Increased Marginally
In 2012, there were around 251,000 one-person-businesses in Austria which is 11,000 more than in 2011.
April 16, 2013
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Hungary: Increasing Tensions Between Barroso and Orban
President of the EU Commission, Jose Manuel Barroso wrote another letter to Prime Minister Orban warning him of the impacts in case the government will not realize the claimed measures.
April 15, 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
Croatia to Sell HPB and Croatia Osiguranje
Croatia’s seventh biggest bank and biggest insurance company will soon be privatized. The selling of the stakes is supposed to generate up to € 300m for the state budget.
April 11, 2013
Hungary: Commissioner Reding’s Reactions to Allegations
EU Justice Commissioner and Deputy President of the EU Commission Viviane Reding has reacted to the accusations of the Hungarian government.
April 10, 2013
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Austria: How to Finance Future Innovations
„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).
April 9, 2013
Russia: Economic Growth Below Expectations
The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.
April 8, 2013
Czech Republic: Disinflation Continues
Analysts expect Czech economy to grow by 1.7 % next year.
March 29, 2013
Austria: Budget Deficit in 2012 Lower Than Expected
The country has reached a significantly lower deficit than the government had expected. According to Statistik Austria, the deficit was at 2.5 % of GDP in 2011, equaling € 7.7bn.
March 28, 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
Austria: Tax Burden Lessens With Higher Income
According to an OECD study only three industrialized nations (Austria, Germany and Spain) show a degressive tax system.
March 26, 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
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
Austria to Reform Pension Plan Scheme
Roundtable symposium at Ministry of Finance on reform of private pension plan scheme
March 22, 2013
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