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

OeNB Governor Nowotny Objects to Top Limit of Cash Payments

Ewald Nowotny, head of Austria’s central bank OeNB, decidedly objects to having established a top limit for cash payments. He may not be responsible for that, but in his opinion, and in the sense of building trust in general, there is no reason to set up such a limit, he said in Brussels.

February 11, 2016

Austria Budget to Receive EUR 437 Mln Payment from State Mint

Austria will collect a EUR 437 million (USD 488.85 million) payment from mint company Münze Osterreich, a unit of the Austrian central bank, the parliamentary budget committee decided Tuesday.

February 9, 2016

OeNB: No to Abolishing of EUR 500 Bill

Austria’s central bank Oesterreichische Nationalbank (OeNB) is against the abolishment of the 500-euro-bill, it follows from a statement of OeNB director Kurt Pribil, broadcast by ORF.

February 8, 2016

Raiffeisen has Hundreds of Millions at Risk in China

Stock market slump and worries about economic development in China are worrying also for European bankers. Raiffeisen has for some time been planning to withdraw from its Chinese business. As of the end of September 2015 RBI had an exposure of EUR 2.4 billion in China, currently it is a bit less. If a serious crisis erupts in China, defaults could take place in case of corporate loans worth EUR 450 million.

January 13, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 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

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

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

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015