An influential rating agency has warned Austria about its high state debt. Fitch announced yesterday evening (Mon) Austria needed to act more ambitiously against its steadily increasing high debt rate. The agency claimed the Alpine country would be better protected against economic setbacks in the future if it started to get active now. Austria’s debts […]
The Austrian Social Democrats’ (SPÖ) appeal to install a European credit rating agency has found prominent support. Siemens board member Brigitte Ederer said today (Weds) she had been in favour of the idea “for many years.” The former SPÖ state secretary told radio station Ö1 that the “dominance” of US American institutions “had consequences.” Ederer […]
Insurers have said they may have to pay out more natural disaster compensation than ever before as Austria has been hit by several devastating thunderstorms and floods.The federal Association of Austrian Insurance Agencies said today (Fri) damages to insured estates caused by freak weather conditions equals around 200 million Euros so far this year.The body […]