Anger as BA expert makes aware of social expenditure


An economist has rubbished claims that only the financial sector is to blame for the crisis. Stefan Bruckbauer, the chief economist of Bank Austria (BA), said on Saturday: “I don’t claim that banks are totally innocent since they financed the debtors.” Bruckbauer told the Kurier the Republic of Austria had to invest 1.7 billion Euros […]

BA economist says industrial branch to grow sharply this year


Bank Austria (BA) chief economist Stefan Bruckbauer said he expected Austria’s industrial branch to grow “by at least four per cent” this year.Bruckbauer said today (Thurs) preliminary figures showed a record increase from foreign companies in demand for Austrian industrial firms’ products this month.”These developments confirm that Austria’s industrial branch is to become a decisive […]