Sponsored Content
Social Policy
“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
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
Fast News Search
