Maria Fekter has revealed that the Eurozone’s finance ministers consider asking Greece to guarantee reforms “in writing”. The Austrian People’s Party (ÖVP) finance minister said yesterday (Mon) that she and the finance ministers of the other Eurozone members planned to call on the debt-stricken country’s politicians to present a written statement promising to carry out […]
Meglena Kuneva has claimed Bulgarians lack mutual trust. The former European Commissioner for Consumer Protection – who runs for Bulgarian president next month – told Austrian newspaper Die Presse today (Mon) it was “impossible” to discuss the domestic economy’s development because of the various “lobbies” in the federal parliament. Kuneva also criticised the state of […]
Estonian Prime Minister Andrus Ansip has stressed he is not worried about his country’s economic performance despite calls for a boycott of products. The conservative politician told Austrian magazine profil: “I do agree that there is room to improve our political relationship with Russia. However, the economic cooperation is getting better. A tenth of our […]
An Austrian has been chosen to design a mint marking the 10th anniversary of the introduction of the Euro as the European currency. Manfred Andexlinger’s blueprints came first in an online poll with an approval of 34 per cent of participants. The Austrian designer beat 800 competitors to create the special two-Euro coin which will […]
The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
A Kapsch TrafficCom AG (Kapsch) affiliate is raking in a one-digit million-Euro sum by equipping a federal railway agency in North Africa with a radio system.Kapsch CarrierCom said today (Tues) it has been assigned to deliver and set up the system on a 110-kilometre route in Algeria. The firm refused to reveal any figures, but […]
A Russian billionaire is facing charges for the illegal killing of protected animals in Austria.Viennese newspaper Kurier reports today (Thurs) that Rashid Sardarov was reported for holding organised hunting trips targeting protected deer and goats in Lower Austria.The industrialist and his family reside at a multi-million Euro estate in the remote town of Rohr im […]
Austrian Social Democratic (SPÖ) Chancellor Werner Faymann met political leaders from Germany and Portugal in Berlin today (Weds).Faymann gathered with German Christian Democratic Union (CDU) Chancellor Angela Merkel and Portuguese Socialist Party Prime Minister Jose Socrates in the German capital to speak about topics which will be debated at the upcoming Eurozone meeting.The term Eurozone […]
Fewer than 9,000 fake Euro banknotes were confiscated in Austria last year, helping the country to remain among the Eurozone members with the lowest forgery rate.The Austrian National Bank (OeNB) announced yesterday (Mon) that 8,812 forged Euro notes were discovered and banned last year, down from 9,780 in the previous year. It added that the […]
Portuguese Socialist Party head and Prime Minister Jose Socrates has claimed his country is a model pupil in restoring its finances.Many analysts and economists have warned that Portugal may be the next European Union (EU) member to tap the recently established European Financial Stability Facility (EFSF). Greece and Ireland have already received billions in credits […]