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Austrian Airlines Is Threatened With a Strike from its Personnel
In a work meeting on Tuesday, Austrian Airlines' (AUA) onboard staff rejected the proposed new collective agreement. There is now a deadline of April 6 for the negotiations to continue. A strike is imminent if no agreement is reached.
March 28, 2023
Unrestricted Access to the Austrian Labor Market for Displaced Ukrainians
Displaced Ukrainians in Austria will gain unrestricted access to the labor market, according to an amendment by the social committee in the National Council.
March 23, 2023
Real Wage Loss in Austria This Year Significantly Above EU Average
Austria will have to reckon with heavy losses in real wages in the future. This was the result of a recently published analysis, which predicted that Austria would occupy one of the weakest positions in the EU. Read on if you want to know how much money will be left over from your income in the future.
August 10, 2022
International Women's Day 2021: Gender Pay Gap in Austria Still Significant
Since the International Women's Day is on March 8, Statistics Austria has revealed some data that show the still significant differences between women and men in Austria's workforce. On average, women earn around 14 percent less than men and only 3.8 percent of employed women hold managerial positions, compared to 8.1 percent of employed men.
March 5, 2021
European Commission Launches Initiatives Against Gender Pay Gap
With regards to the European Day of Equal pay, the day from which women will symbolically no longer be paid for the same work compared to their male colleagues until the end of the year, the European Commission has launched initiatives to tackle the persistent gender pay gap.
November 12, 2020
Tax Reform Will Be Valid from September 1 on
According to Finance Minister Blümel, the tax reform will be valid on from September 1 and there will be a corresponding refund for salaries already taxed with retroactive effect from 1 January 2020.
August 31, 2020
Austria: Right-Winged Extreme Party Buoyed by Tailwind
The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.
May 21, 2014
Austria: Is Spindelegger Suitable as Finance Minister?
On Tuesday the Austrian Finance Minister will hold his first budget speech. Initial figures reveal record debt levels.
April 28, 2014
Vienna Real Estate Market Hopelessly Overstrained?
Real estate trustees in Vienna demand a limit to state-subsidized apartments and call for “unrestricted” rents.
April 23, 2014
Austrians Cautiously Observant
Despite economic recovery the Austrian citizens are still cautiously observant.
April 22, 2014
“No Real Wage Loss This Year“
In terms of real wages, Austria may face a trend reversal this year. In Southeastern Europe, by contrast, poverty is growing considerably.
January 21, 2014
Czech Republic: New Government Confirmed
Seven weeks after the national elections, the Czech Social Democrats (CSSD) have agreed to form a coalition with ANO and the Christian Democrats (KDU-CSL).
December 11, 2013
EU/CESEE: Real Income Shrinks
In 2013, the real income will do down in Austria. Since 2010, the Austrian real income was down by 1.3%. In Hungary, real income fell by 15% in that period.
December 9, 2013
Slovenia: Income Falls Persistently
Average monthly earnings for August 2013 lower than in the previous month both in nominal and in real terms. Annual earnings were down by 2.5% in real terms.
October 17, 2013
Bulgaria: Number of „Working Poors“ Grows Considerably
Bulgaria´s average wage only comes at € 269 per month. 600,000 Bulgarian earn less than € 180 per month.
October 15, 2013
Slovakia: Mixed Employment Situation
In Slovakia, employment fell in the construction industry and in the manufacturing industry. Wages were up in most sectors.
October 11, 2013
Bratusek: “We Are Paying for Your Debts”
On Tuesday Slovenian Prime Minister Alenka Bratusek presented the budget draft for 2014 and 2015 to the members of parliament.
October 9, 2013
Croatia: Domestic Consumption Remains Weak
In the next years, Croatia´s economic performance will mainly depend on external factors.
October 5, 2013
Slovenian Government to Approve Adjusted Budget
The Slovenian government today plans on implementing the revised budget for next year and the draft for the 2015 budget.
September 30, 2013
Faymann: Austria as Role Model for Investments and Employment Programs
The Austrian Chancellor calls for a fair distribution of wealth and lower taxes on wages.
September 20, 2013
Austria: 80 Percent Opposed to 12-Hour-Working Day
A survey of a Socialist trade union shows that 80 percent of employees are opposed of a working day of twelve hours.
September 19, 2013
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Hungary: Orban Forecasts Growth of 2 Percent
Hungarian Prime Minister Viktor Orban forecasts economic growth of 2 percent next year as the country has managed to surpass several difficulties.
September 18, 2013
Austria: ÖVP Rejects Tax Reforms by Social Democrats
Chancellor and Leader of the Social Democrats Werner Faymann is in favor of lower taxes on wages. His model includes reliefs of up to € 1,011 annually. However, coalition partner, the Austrian People’s Party (ÖVP) rejects the plans.
September 18, 2013
Leitl Recommends Parties Not to Raise Hopes
President of the Austrian Chamber of Commerce, Christoph Leitl considers the demand of the Social Democrats and Chancellor Werner Faymann for a tax relief as soon as 2015 utopian.
September 17, 2013
Austria: IMF Pushes for Tax Reform
The International Monetary Fund recommends re-considering the tax system. The Austrian wage taxes are too high, IMF criticizes.
September 13, 2013
Poland: Rallies Against Government
Around 20,000 persons took part in a rally against the government organized by the country’s three largest trade unions: Solidarity, the All-Poland Alliance of Trade Unions (OPZZ) and the Trade Unions Forum.
September 12, 2013
IMF: Praise and Criticism for Austria
According to the IMF´s country report, Austria´s main problem is the fiscal situation.
September 11, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
Czech Republic: Real Wages Shrink
In the second quarter, nominal wage growth came at 1.2%. Real wages were down by 0.3%, however.
September 9, 2013
Keuschnigg: “We Already Have The Flat Tax in Austria”
The head of IHS demands tax relief instead of further tax burdens and the adjustment to the inflation rate.
September 3, 2013
Alpine: Former Employees to Receive Wages
Almost 5,000 former employees of bankrupt construction company Alpine can feel relieved as this week the insolvency contingency fund will start with settlements. However, creditors will only be given a rate of five percent.
August 27, 2013
Austria: Fekter Does Not Publish Controversial Industrial Location Study
According to a recent study on the quality of Austria´s industrial location, the number of leaving multinational companies is growing.
August 25, 2013
Romanians Not Satisfied with Wages
More than half of Romanian employees claim not to be paid enough for their work.
August 22, 2013
Leitl: “Austria Screwed Up”
If the US, as the perpetrator of the financial and economic crisis, shows two percent in economic growth, while Austria only 0.2 percent, then this was a “disgrace”, Leitl announced during the economic forum in Alpbach.
August 21, 2013
Austria: Spindelegger Demands Flexibility of Working Hours
Working hours have become the main issue of the election campaigns. The dispute was incensed by the claims of Minister of Economy Mitterlehner to allow up to twelve hours of work per day.
August 19, 2013
Austria: Alpine Creditors Register € 2.29bn
The downfall of construction company Alpine, the biggest bankruptcy in the history of the second Republic, has not been finished yet.
August 19, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Austria: Spindelegger Wants Reform Government
The next government has to be a “reform government”, according to Austrian Vice Chancellor Michael Spindelegger, since the one in office now has only shown little reform zeal.
August 9, 2013
Cautious Optimism in Slovakia
The economic outlook for Slovakia brightens slightly. The export-oriented country benefits from the stabilization in the Eurozone.
August 2, 2013
Eurozone: Household Real Income Increased 0.5 percent
Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area
July 31, 2013
Trend: Service Industry Drifts to CESEE
Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.
July 30, 2013
EVN Forced to Lower Electriciy Prices in Bulgaria
Austrian energy provider EVN is ordered by the regulator to drop electricity prices.
July 30, 2013
Bulgarian Protests As Sign of New Understanding of Values
The great wave of protests in Bulgaria continues to sweep the country. Experts regard the demonstrations as a sign of a new understanding of values.
July 25, 2013
Hungary: Net Earnings Grew Substantially
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 3.3%
July 19, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Romania: No Investors for Post Company
Debts and a collective agreement which makes restructuring impossible until 2018 are among the main reasons the company is not attractive to potential investors.
May 29, 2013
Slovenia: Huge Cuts in Complementary Budget
Foreign Ministry might be closed down since a 20 percent cut is proposed.
May 24, 2013
Leitl: „EU Has To Deliver Clear Confession to Business Location Europe”
According to Leitl, the EU Summit has to deliver a “clear confession to business and industrial location” Europe.
May 22, 2013
Croatia: PM Warns Of Croatia Airlines’ Downfall
Prime Minister Milanovic stresses the need to make changes to guarantee a future for the airline company.
May 17, 2013
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