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EU European Union

EU: Highest Shadow Economy in Bulgaria

A World Bank report shows that the Bulgarian economy is still dominated by illegal work. Among EU-countries, Bulgaria clearly ranks first. Austria has the lowest shadow economy.

September 14, 2012

EU Against Orange-Takeover

The Commission of the European Union does not allow Hutchison Austria to take over its competitor Orange for the time being.

September 13, 2012

Unemployment: Highest Payments for Austrians

According to the globalization fund, Austrian unemployed receive three times as much than the EU average.

September 7, 2012

Austrian Growth Above EU Average

Unlike the Eurozone, Austria faces no recession. In the Eurozone, GDP was down by 0.2%.

September 6, 2012

Slovenia: „Irish or Greek Way“

The Slovenian economist Egon Zakrajsek explains that Slovenia´s illiquidity only a question of time. The problem banks should be sold, he recommends.

September 5, 2012

Merkel Meets Austrian Government

This Friday, Germany´s Chancellor Angela Merkel will have talks with the top of the Austrian government in Vienna.

September 4, 2012

Five Potential Buyers for Kommunalkredit

Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.

September 4, 2012

Industrial Producer Prices Most Stable In Austria

July 2012 compared with June 2012: Industrial producer prices up by 0.4% in both euro area and EU27. In Austria, the lowest annual increase was observed.

September 4, 2012

Slovakia: Budget Deficit Reached € 2.67bn

In August, Slovakia´s budget shortfall increased to € 2.675bn from € 2.239bn in July.

September 4, 2012

Slovenia: “Danger for Austrian Banks is Limited”

Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.

September 3, 2012