Dont disregard insolvency for Hypo bank says WIFO head

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Business

A leading Austrian economist has caused controversy by questioning the government’s stance about how to deal with ailing bank Hypo Alpe Adria. Professor Karl Aiginger, who heads up think tank WIFO and is Professor of Economics at the Vienna University of Economics and Business Administration, said the government were too quick to completely reject the […]

Austrians believe in economy

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Business

Austrians are cautiously optimistic about the state of their home country‚Äôs economy. A new poll by Spectra shows that 49 per cent of residents expect the economy to develop similarly to the past months in the foreseeable future. Around 33 per cent fear a decrease while nine per cent think that the domestic economy will […]