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Social Policy

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

Latvia: Eager for the Euro. But ready?

Latvia’s leadership considers adopting the Euro in 2015 or 2016. Despite of showing the fastest economic growth rate at 5.1 % in Europe, there is scepticism Latvian population.

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

Austrian Budget: Pensions as Risk Factor

Until 2017, the additional burden has a size of € 1.0bn, Austrian Minister of Finance Maria Fekter says in an interview with “Presse”.

February 28, 2013

Poland: Rostowki’s Fight for the Euro

Even though Poland’s rating outlook has been revised from “A-“ to “A” by Fitch it still has to face political reforms in order to improve its economic competitiveness.

February 24, 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

Hungary: Government Demonstrates Optimism

Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.

February 23, 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

S&P Warns Austria of Election Gifts

This year, Austria will hold federal elections. According to S&P, expensive election gifts may reduce the credit rating outlook.

February 19, 2013

Austria: Number of Naturalisations Increases

7 107 persons acquired Austrian citizenship in 2012.

February 18, 2013

Estonians Suffer from Unfavorable Working Conditions

According to a survey carried out by the daily newspaper Eesti Päevaleht, a considerably high number of Estonians want to leave the country. The situation in Lativa is almost the same.

February 18, 2013

IMF Praises Lithuania´s Economic Recovery

According to the International Monetary Fund, the income redistribution is not sufficient. In general, Lithuania´s economic performance is satisfying, however.

February 16, 2013

Fekter Wants to Reduce „Ageing Costs“

Austria´s Minister of Finance Maria Fekter thinks that pension cuts are inevitable. The social democrats reject Fekter´s ideas.

February 15, 2013

Austrian Population at Record Level

Last year, Austria's population rose in 2012 by about 45 000 people. In total, the country has 8.5 million inhabitants.

February 15, 2013

Austria Records Highest Unemployment of All Times

With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.

February 1, 2013

Slovenia: Government Collapses

Yesterday in the evening, the conservative coalition member CL has terminated the co-operation with Prime Minister Janez Jansa´s party SDS. Not only the political situation in Slovenia is precarious, but also the economic outlook is highly uncertain.

January 24, 2013

Fitch: Austria´s Public Debt to Double

Due to the demographic trends, Austria faces a pension shock, Fitch says.

January 23, 2013

Fico: „Privatizations Were Our Biggest Mistake“

Slovakia´s Prime Minister Robert Fico thinks that the austerity policy in Europe is the wrong way.

January 21, 2013

IMF to Visit Serbia Again

The International Monetary Fund underlines that Serrbia must reduce its public debt. At the same time, the government must stimulate economic growth, IMF says.

January 18, 2013

Hungary: Poverty Grows Dramatically

More than 33% of Hungary´s citizens are at risk of poverty. Among the EU countries, Hungary ranks fifth.

January 16, 2013

Poverty: Romanian and Bulgarian Citizens Most Endangered

Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.

January 9, 2013

Austrian Industry Against Short-Time Work

According to IV (Federation of Austrian Industries), short-time work is too expensive.

January 8, 2013

Austria: Black Labor Decreases

Since 2004, the size of black labor is declining in Austria. Nine years ago, the share of GDP came at 11%: In 2012, black labor was 7.5% of GDP.

January 8, 2013

Austrian Industry: „Cutting Non-Wage Labor Costs!“

The Federation of Austrian Industries (IV) suggests boosting employment by reducing non-wage labor costs.

January 5, 2013

Aiginger Praises and Criticizes Austria´s Economic Policy

Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.

January 5, 2013

Poland: Government to Focus on Family and Employment

Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.

January 4, 2013

“We Must Work Until 70”

In an interview with the Austrian news magazine “Standard”, the pension expert Christopher Prinz explains that an increase of the retirement age is inevitable.

January 2, 2013

Austria: Unemployment Rate Up Significantly

The stagnation remains a burden for the Austrian labor market. In December, the number of job-seekers was up by 6.9%.

January 2, 2013

„We Have to Work Longer“

Christian Keuschnigg, director of the Austrian Institute of Advanced Studies (IHS) demonstrates optimism.

December 27, 2012

CESEE: Poverty Grows Considerably

In Europe, one in four citizens is affected by poverty, the Russian newspaper “Rossijskaja Gaseta” states.

December 18, 2012

S&P Downgrades Croatia

Croatia´s Minister of Finance Slavko Linic does not exclude that Croatia needs support from the IMF next year.

December 17, 2012

OECD Criticizes Gender Pay Gap in Austria

Although the education level of women has improved in the last decades, a greater education attainment level of women is not matched with labour market outcomes, OECD says.

December 17, 2012

Labor Costs: Highest Increases in Estonia and Romania

Euro area hourly labour costs rose by 2.0%. In the EU27, labour costs were up by 1.9%.

December 17, 2012

Bulgaria: „The pace of economic growth is sustained“

The domestic demand compensates for the deceleration in export, Raiffeisen Research says.

December 14, 2012

Czech Republic: Migration Declines

The population of the Czech Republic increased by 7.8 thousand to 10 513.2 thousand during the first three quarters of 2012.

December 12, 2012

Survey: More and More Austrians Affected by Financial Crisis

Compared to 2010, the number of Austrian citizens who see themselves affected by the current financial crisis grew by 50%.

December 5, 2012

Austrian Industry Calls for Flexibilization of Short-Time Work

Austrian businesses expect that short-time work may return. Three years ago, the

December 4, 2012

Poverty: People in Romania and Bulgaria Most Affected.

In 2011, 24% of the population were at risk of poverty or social exclusion, which is corresponding to around 120 million persons. The Czech Republic ranks first.

December 3, 2012

Pension Costs to Increase Moderately

According to CNB (Czech National Bank), pension costs will increase by 3.0% of GDP in the next fifty years.

November 30, 2012

Poland: Measures Against Shrinking Population

Poland´s Prime Minister Tusk announced that the government will improve its social policy. In the next 40 years, the Polish population might decrease by 6 million.

November 29, 2012

CESEE: Social Protection Still Underdeveloped

EU27 spent 29.4% of GDP on social protection in 2010. The lowest ratios were observed in Romania, Latvia, Estonia and Bulgaria.

November 27, 2012

Poland´s Population Expected to Shrink

In the next 40 years, the Polish population might decrease by 6 million.

November 24, 2012

Serbia Attempts New Economic Reforms

The Serbian government does not only want to pursue a strict austerity policy. The country aims to become more attractive for international investors.

November 17, 2012

Lithuania´s Government Aims to Join Eurozone

The social democrat Algirdas Butkevicius may become Lithuania´s next Prime Minister. His main targets are austerity and the accession to the Eurozone.

October 31, 2012

Austrian Budget: Experts Call for Further Reforms (Part 3)

Economists think that the budget does not contain enough reform steps. The opposition does not see any signs of progress.

October 16, 2012

Austria´s Population to Grow Substantially

Austrian population will increase to 9 million inhabitants during the next 20 years.

October 9, 2012

IMF Puts Pressure on Slovenia

Slovenia is urged to implement quick reforms. Otherwise the country may have to be bailed out by the safety net.

October 3, 2012

Austrian Employment Growing Moderately Until 2016

The Austrian economic research institute WIFO forecasts that 173,000 new jobs will be created until 2016.

September 25, 2012

Austrian Experts Urge for Pension Reform

According to experts, Austrian citizens should postpone their retirement by four to five years.

September 25, 2012

Kapsch Against Excluding Greece

The President of the Federation of Austrian Industries (IV) thinks that the Austrian pension system shows a substantial savings potential.

September 10, 2012