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Social Policy

Slovenia: Juncker Calls for Reforms

The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”

September 10, 2012

Next Pension Reform Ahead

European Forum Alpbach: In 2016, the next pension reform may be necessary in Austria.

September 1, 2012

Austrian Industry Promotes Employment of Older Workers

The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.

August 29, 2012

Keuschnigg Pleads for Increasing Retirement Age

At the Alpbach Forum 2012, the Austrian economist Christian Keuschnigg explained the necessity of implementing reforms for the Austrian retirement plan.

August 29, 2012

Kapsch: “We Cannot Risk the Welfare State”

At the Alpbach Meeting, the President of the Federation of Austrian Industries (IV) Georg Kapsch underlines the necessity of competition. The

August 28, 2012

Aiginger: „Feeding Banks Makes No Sense“

The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.

July 24, 2012

Austrian Urbanization Goes On

Austria's towns in figures 2011: education and social welfare, a challenge for growing agglomeration areas; services and administration, the largest budget items.

June 19, 2012

„Austria Must Not Become Mediocre“

The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.

June 18, 2012

IV: „Budget Consolidation Supports Economic Growth“

The Federation of Austrian Industries pushes for structural reforms in order to cut public expenses.

June 8, 2012

Trade Unions Wants „Just Taxation“

The Austrian Trade Unions warn of a strict austerity policy and pushes for growth stimulating measures.

June 2, 2012

Austrian Budget Target Endangered

In spite of decreasing revenues and rising expenses, Austria´s Minister of Finance Maria Fekter expects to reach the budget target.

May 30, 2012

„Something Is Wrong in Austria“

According to the Austrian Chamber of Labor, Austrian workers have to bear the highest burden of the crisis. The contribution of great fortunes would be insufficient.

May 30, 2012

Exposure in Eastern Europe Remains Austria´s Weak Point

The Commission of the European Union warned Austria of the big exposure of domestic banks in Eastern Europe. Moreover, the austerity package was criticized.

May 30, 2012

Life Quality: Austria in the Upper Middle Field

Austria´s position in the “Better Life Index” is in the upper middle field. The work-life balance and the education are seen as weaknesses.

May 22, 2012

Austrian Health Insurance Funds Achieved Surplus

For the first time, all nine Austrian health insurance funds recorded positive result. In total, a surplus of € 291m was achieved.

May 19, 2012

Keuschnigg: „Austria Needs More Federalism“

The new director of IHS (Institute of Advanced Studies) considers that a decentralization of the fiscal policy would bring more competition between the provinces.

May 18, 2012

Rise in Population Caused by Immigration

Demographic trends 2011: positive natural population increase, life expectancy rises by around 0.3 years. 35,600 people immigrated to Austria last year.

May 14, 2012

Austria As High-Tax Country

According to the World Bank and PwC, enterprises have to bear a relatively high tax burden in Austria.

April 25, 2012

1.0 Million People in Poverty

More than 150,000 people in Austria do not have a bank account. A lack in financial education causes a loss of 1.0% of GDP.

April 23, 2012

Felderer: „Women Must Have More Children”

The director of the Austrian Institute of Advanced Studies (IHS) sees a demographic problem in Austria as well as in Europe. Migration cannot solve the problem, Felderer says.

April 19, 2012

Call for Structural Reform of Social Policy

The Federation of Austrian Industries reaffirms the high non-wage labor costs and intends to raise efficiencies in the health sector. The retirement age would be too low.

April 12, 2012

Again Criticism on Austerity Package: „Lack in Sustainability“

The President of the Viennese Federation of Austrian Industries (IV), Georg Kapsch, misses details of the austerity package. The package is not ambitious enough, Kapsch considers.

March 5, 2012

Youth Employment: Danger from Austerity Package

The government aims for increasing the retirement age in order to cut pension costs. Now, the director of the Austrian labor market agency (AMS) warns of a rise in youth unemployment.

February 15, 2012

Austrian Government Presents € 27bn Austerity Package

The largest austerity package in Austria´s history mainly consists of cuts in expenditures. The government emphasized the socially balanced measures and the necessity due to reasons of competitiveness.

February 11, 2012

Austrian Government Resolves Austerity Package

Speculation terms on real estate will be abolished, the tax privilege on 13th and 14th salary too. Inheritance taxes or enrollment fees will not be re-introduced.

February 9, 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

Austria Has 2.2 Million Retirees

Against 2010, the number of retirees was up by 1.3%. The average retirement age did not increase, employment of older persons could improve.

January 14, 2012

Austria Grants Highest Subsidies in Europe

In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.

January 7, 2012

Austerity Package: Business Association Warns of New Taxes

New taxes would be an “attack against the economy”, general secretary Peter Haubner says.

January 4, 2012

Dispute Over Part Time Work

The Austrian Chamber of Commerce and the trade union disagree over the advantages and disadvantages of part-time work for employees.

January 3, 2012

Austrian Government Debt Stands at € 214bn

Austrian government debt in relation to GDP declined slightly to 71.6%. Social insurance carriers reduced their debt by 49.5%.

December 30, 2011

40% of Austrian Employees Work In Spite of Illness

The feared loss of the job is one of the most important reasons, says a survey by the Chamber of Labor.

December 27, 2011

Substantial Gender Difference in Full-Time Employment

In Austria, 4.03 million employees counted for 3.54 million full-time equivalents in 2010. The gender gap is significant.

December 20, 2011

Women´s Income Below Men

In Austria, the annual income of women is still considerably below men. However, this is mainly due to part time work. Male employees in private sector are top earners.

December 6, 2011

Increasing Gap in Incomes

Although Austria´s Gini coefficient is relatively low, the gap between high and low incomes becomes larger.

December 6, 2011

Austrian Industry Supports Audit Court

For the Federation of Austrian Industries (IV), the administration has to be reformed immediately. Future investments are needed instead of administrative expenses.

December 5, 2011

Austria’s Population Exceeds 8.4 Million Inhabitants

The population has grown by 400,000 persons since 2001. The positive trend was observed in all federal states except Carinthia.

December 1, 2011

Austrian Government Pushes for Further Austerity Measures

The Minister of Finance, Maria Fekter, did not exclude an austerity package. First effects should be seen already in 2012. However, it is not clear yet if economic forecasts for the next year will hold.

November 26, 2011

Insufficient Child Care Facilities in Austria

Increase of childcare rates, but supply of childcare facilities still insufficient for 12% of all persons with childcare responsibilities

November 22, 2011

Poverty: 1.0 Million Austrians Endangered

In Austria, 12% of the population is endangered of poverty. About the half of this group is permanently poor.

November 14, 2011

Savings Capacity in Austrian Health Care System

Expenses for the Austrian health care system amount to 11.0% of the GDP. The savings capacity has to be exploited, politicians say.

November 12, 2011

Austria Has Third-Highest Pension Costs in Europe

Austria´s expenditures for retires reached 12.7% of ist GDP. Only France and Italy surpass Austria. Sustainability of the domestic pension system improved slightly.

November 7, 2011

Number of Staff Ill Decreasing

In Austria, the number of staff ill decreased slightly in 2010. On average, on 12.9 days staff was away sick. Sickness is becoming a main cause for retirements.

October 22, 2011

Austrian Budget: 3.2% Deficit in 2012

Today, the Austrian Minister of Finance, Maria Fekter, presented the budget for 2012. The debt quota rises further until 2015.

October 19, 2011

Austrian Population Forecast 2050: Growth from 8.4m to 9.4m People

The Austrian population is growing – and becomes older. In 2030, 9.0m people will live in Austria, 9.4m in 2050.

September 21, 2011

Austrian Competitiveness Shrinks Further

According to a market survey of the consulting group Ernst & Young, Austria´s international competitiveness has still worsened and fell from rank 18 to 19.

September 7, 2011

Unions Call for Massive Wage Increase

Austrian unionists demand a substantial premium above the inflation rate. They argue that employees should benefit from the strong economic development.

August 19, 2011

Retiree Representatives Demand 2.7% Pension Increase

According to legal regulations, Austrian pension payments have to be adjusted for the previous year’s inflation. Next year the cost would be approximately € 1bn.

August 17, 2011

Pension Funds with Negative Performance in 2011

At the end of June, the funds registered a minus of 1.2%, after -0.7% in the first quarter. Assets under management amount to € 15bn.

July 13, 2011

Austrian Government Debt Grew to € 210bn

Debt of the federal sector increased by € 6.3bn, while all other sectors registered a decline. Social insurance carriers’ debt fell by 32%.

June 30, 2011
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