The US website Daily FX Market News and Analysis reported today that Austria may well be the next victim of the Euro zone debt crisis. This has to do with Eastern and Central European countries having taken a good part of their debt in Swiss Francs to take advantage of Switzerland’s low interest rates. Daily […]
Tag: government
Tourism concerns as Air Berlin may bunk
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A leading low-cost carrier considers leaving Klagenfurt Airport (KLU), according to reports. Austrian newspapers claim today (Tues) that Air Berlin could stop operating between KLU and aerodromes in the German cities of Berlin, Dusseldorf and Hamburg later this year. The dailies report the company – Germany’s second-busiest airline after Lufthansa – demand financial support from […]
Austria’s decision not to extradite a war crimes suspect has caused a severe diplomatic rift with Lithuania. Juridical decision-makers opted to let Mikhail G. go after he was put in custody at Vienna International Airport (VIA or VIE) last Thursday. The former officer of Soviet security agency KGB is accused of having masterminded the operations […]
Austrian banks strongly engaged in Italy
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Austrian banks have a lot to lose in debt-ridden Italy, figures released today (Tues) show. Financial market authorities announced that bank institutes based in the Alpine country invested 15.8 billion Euros in the struggling Eurozone member state which borders it in the south. They pointed out that Austrian banks’ exposure in Greece – which has […]
Immigration is on the rise, new figures show. The federal interior ministry – which is headed by Johanna Mikl-Leitner of the People’s Party (ÖVP) – said today (Tues) that 114,000 people migrated to Austria while only 87,000 left the country in 2010. The ministry pointed out that only 107,000 settled in the country in 2009. […]
Viennas Social Democratic (SPÖ) Mayor Michael Häupl has called on the federal government to show more courage in defying the aggressive campaigning of Freedom Party (FPÖ) chairman Heinz-Christian Strache.Häupl told the Kurier newspaper today (Weds): “The government has to do better and more about communicating its achievements such as the battling of the financial crisis, […]
A severe party-internal rift is building up in the Freedom Party (FPÖ) after a far-right opinion leader questioned the partys ability to rule.FPÖ Member of the European Parliament (MEP) Andreas Mölzer said in his internet blog he wondered “whether we will be able to give answers, create new concepts and carry out real reforms for […]
Austrias middle class will impoverish if the countrys leaders fail to make any progress in reforming its bureaucratic, healthcare and pensions system, an opposition party chief has claimed.Josef Bucher, who heads the right-wing Alliance for the Future of Austria (BZÖ), told the Die Presse newspaper today (Fri): “If we keep carrying on this way, it […]
Viennas public transport pricing system will be reformed, Social Democratic (SPÖ) Mayor Michael Häupl has confirmed.Häupl reacted to recent newspaper reports claiming that his party and the Greens will restructure the Wiener Linien ticket price scheme. The mayor said today (Weds) prices will be altered to make the system fairer and “more social.” He explained […]
The number of people failing to find a job for a long time is in decline, new figures show.Social Democratic (SPÖ) Labour Minister Rudolf Hundstorfer said today (Mon) that 5,037 of all of last months jobseekers had been out of work for more than a year. The minister pointed out that this number was 30.2 […]