The latest currency markets news and analysis from FriedlNews
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Austrian Currency Markets Headlines

Voestalpine CEO: Grexit Economically Feasable

According to Voestalpine CEO Wolfgang Eder the crisis in Greece is not an economic problem, but a political one, because Greece’s economy constitutes merely 1.3 percent of the EU’s GDP. It does not matter, he argues, what decision is made on Sunday, since the EU will be able to manage after the Grexit.

July 10, 2015

Nowotny: Austria's Financial Market Stability Not at Risk from Greece

Austria's financial market stability is not facing any risks from the ongoing Greek debt crisis, central bank OeNB governor Ewald Nowotny assured on Wednesday as the presentation of the latest financial market stability report.

July 8, 2015

Grexit: Maximum Loss for Austria EUR 9.3 Billion, According to FAZ

The maximum loss in case of Greece's default amounts to EUR 317 billion - this is the total value of the Greek state's debts. According to "Frankfurter Allgemeine Zeitung", which relied on data from UBS, Ifo and Eurostat, Germany would have to bear most of the burden, i.e. EUR 87.6 billion. According to the newspaper, Austria could lose up to EUR 9.3 billion (USD 10.328 billion).

July 3, 2015

VSE's Operating Income Up 17% in 2014, CEESEG also Slightly Up

The Vienna Stock Exchange (VSE) and the CEE Stock Exchange Group report solid FY 2014 results. Vienna Stock Exchange's operating income is up 17% in 2014, mainly driven by the steadily increasing trading volume. Also, new members have been elected to the supervisory board.

June 23, 2015

Nowotny Hopes for Decision on Greece Soon

Austria's central bank governor and the ECB governing council member Ewald Nowotny hopes that the eurozone decision makers reach a decision regarding Greece, he said on the sidelines of a lecture given by ex-ECB head Jean Claude Trichet on Monday in Vienna.

June 22, 2015

Austrian Industry Still Slowly Growing

The situation in Austrian industry keeps improving. However, the pace is rather modest. In May the sector expanded production more than in the preceding month, even though there was sllight contraction in orders.

May 28, 2015

Wifo - Depreciation of Euro Partially Compensates for Trade Slump

The development of global trade was weak at the beginning of the year. However, depreciation of the Euro partially compensated for the negative effects on Austrian exports, according to Wifo. Exports maintained the moderate dynamics from the end of 2014. Sinking import prices caused by lower oil prices stimulated imports.

May 11, 2015

Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

May 5, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Vienna Stock Exchange: ATX Upswing Drives Up Equity Trading in Q1

The Vienna Stock Exchange has seen the strongest monthly equity turnover since August 2011. The average monthly trading volume to date in 2015 is EUR 5.04 billion which represents a gain of 26.61% over the average monthly trading volume of the year 2014 (EUR 3.98 billion).

April 2, 2015