Austrian National Bank (OeNB) President Claus Raidl has called on the government to lower taxes on labour. Raidl told Die Pressr today (Weds) the taxation burden on labour must decline. He called Austria’s income tax system as “insane”. International organisations like the OECD, the Organisation for Economic Co-operation and Development, and the International Monetary Fund […]
Moody’s has confirmed Austria’s credit rating. The influential rating agency said on Friday it decided not to lower the country’s rating from the best-possible grade of AAA. Moody’s added that it did not touch the Austrian economy’s outlook either. The rating agency explained Austria’s economy was doing well thanks to its muscular export industry. Moody’s […]
Freedom Party (FPÖ) boss Heinz-Christian Strache is in hot water after a bodyguard put a man into hospital last weekend. One of Strache’s three personal security guards attacked another guest of a club in Vienna-Favoriten on Saturday night. The man – understood to be an internationally successful banker – threw a ham roll and ice […]
Graz Mayor Siegfried Nagl has said he understands the “anger” of Styrian public servants. Civil servants working for the province of Styria and its capital Graz were informed their salaries would not rise next year despite agreement on federal political level that wages should be increased by 2.95 per cent. Social Democratic (SPÖ) Minister for […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has labelled the government’s debt limit bill a “placebo brake” as chances for an accord between the coalition and one of the parliament’s three opposition parties are decreasing. The right-winger said today (Thurs) he was willing to fight for an agreement until Monday but also […]
The head of the Federal Audit Office (RH) has appealed to political leaders to avoid “gambling away the future of our children”. Josef Moser provided the government coalition and the parliament’s opposition factions with a list of 599 suggestions where the country could become more efficient as lawmakers keep arguing over how to slash the […]
The Viennese People’s Party (ÖVP) tried to persuade an industrialist and conservative opinion leader to take over as chairman, it has emerged. Claus Raidl – who formerly headed tool steel manufacturer Böhler Uddeholm – confirmed today (Thurs) that he was approached by Vienna ÖVP officials about whether he could imagine becoming the party’s new leader. […]
Austria’s provinces will be allowed to breach upcoming debt limit regulations in extraordinary circumstances, it emerged yesterday evening (Tues). David Brenner, the financial councillor of Salzburg and head of the council of councillors for financial affairs, announced that the country’s nine provinces were given the right to spend more than scheduled in the next nine […]
Vienna has retained its reputation as the most liveable city in the world in a global consulting group’s latest investigation. Mercer said today (Tues) the Austrian capital made first place in its Quality of Living Survey 2011. Zurich in neighbouring Switzerland remains in second place followed by Auckland, New Zealand, and Munich, Germany. Dusseldorf in […]
A veteran Green Party member has spoken out against the government’s decision not to increase politicians’ wages next year. The coalition of Chancellor Werner Faymann’s Social Democratic Party (SPÖ) and Foreign Minister Michael Spindelegger’s People’s Party (ÖVP) said on Sunday members of the parliament (MPs) would not get more in 2012. Delegates’ salaries were most […]