Economy

The latest economy headlines and analysis from FriedlNews
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Austrian Economy Making No Headway

The Austrian economy didn't move forward at the end of last year. In the fourth quarter of last year GDP didn't change at all, compared to the previous quarter, for the second time in a row. However, it didn't also decrease, as some feared.

52 minutes ago

EIB Granted Loans Worth EUR 1.5 Billion in Austria in 2014

In 2014 European Investment Bank (EIB) granted a total of EUR 1.5 billion in loans for projects in Austria. In 2013 the volume of granted loans reached EUR 2.4 billion (USD 2.73 billion).

Yesterday

Bank Austria: Growth of Austrian Industry Taking its Time

The latest Purchasing Manager index of Bank Austria indicates a decreased growth m/m, although the range of that decrease was less prominent than in previous months.

Yesterday

Austrian Production Index Shrinks 0.6 Pct Y/Y in 2014

Austria's working day adjusted production index decreased by 2.6% in December, y/y it shrank by 0.6 percent.

February 25, 2015

Austria Ranks #13 in EU by Digitalisation

Austria ranks number 13 in the EU in terms of digitalisation, shows the Digital Economy and Society Index presented by the European Commission. Denmark is number 1.

February 24, 2015

Fuels Reduce Inflation to 0.6 Percent in January

The inflation rate sank again in January. After 1.0 percent in December 2014, the inflation rate reached 0.6 percent in January. This is the lowest level since October 2009 Statistik Austria announced.

February 24, 2015

S&P Estimates Greek Debts Owed to Austria at EUR 8.8 Billion

According to rating agency Standard & Poor’s Greece’s liabilities towards Austria amount to EUR 8.9 billion (USD 10 billion) in total, or 2.7 percent of the GDP, most of it being owed under the European Financial Stability Facility (EFSF).

February 23, 2015

Property Prices in Vienna Grow Further in 2014

Property prices in Vienna increased further in 2014. The prices of properties increased by 3 to 4 percent, compared to 2013. Rents (in case of new contracts) increased 1 to 2 percent property companies Buwog and EHL announced on Monday.

February 23, 2015

Vienna to Have Two Million Inhabitants in 2029

Vienna is already the city with the second largest population in the German-speaking countries. But Vienna is growing faster than ever. This development entails a tremendous challenge for Vienna. Based on the figures now available, investments totalling seven billion euros will have to be made by the year 2020 in the areas of child care, public transport, other infrastructure facilities and health services alone.

February 20, 2015

What is the Role of the Financial Market Stability Board?

The FMSB has been established as a central decision-making body for the purpose of implementing macroprudential supervision in Austria. Based on the expertise provided by the member institutions, the FMSB reviews issues of relevance to financial market stability, and can make recommendations to the FMA or issue risk warnings.

February 20, 2015