Politics & Policy

The latest policies and political news and analysis from FriedlNews
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OSCE Special Monitoring Mission to Ukraine Deputy Chief Monitor Alexander Hug to Visit Vienna

The Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine, Alexander Hug, will visit Vienna, Austria, on 5-6 March.


IS Jihadists Conquer Two Oil Fields in Libya

Militant islamists have taken over two oil field in Libya. According to a spokesperson of the security service for the oil industry in Libya the extremist groups took over the fields AlBahi and AlMabruk. OMV oil fields however were not affected.


Fitch Confirms Rating for Billion-Euro-Bond

Rating agency Fitch issued a statement concerning the debt repayment stop for state-owned Hypo Alpe Adria bank successor Heta, after Standard & Poor’s did so on Tuesday saying that a discussion concerning the potential haircut for Heta bonds would not affect the rating of Austria directly. Fitch confirmed on Wednesday its rating for Heta bonds with a state guarantee.

March 4, 2015

Deloitte: Austria’s Competitiveness Deteriorated

Auditor firm Deloitte thinks that in terms of business locations Austria is ranked somewhere in the middle compared to other locations worldwide. The analysts of Deloitte think Austria needs to catch up with other locations. Since 2012 Austria has been ranked behind the top 20 locations, the report "Deloitte Radar 2015” presented on Wednesday indicates.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015

Financial Market Watchdog Sees No Evidence of Balance Sheet Fraud in Heta

At the moment we have no indication of balance sheet frauds, FMA head Klaus Kumpfmüller told the press, commenting on the suddenly increased deficit in the balance sheet of Heta, the successor of Hypo Alpe Adria Bank. He does not exclude the possibility of "figure massaging” in past years, but if it occurred then this would cast a doubt on the accountability of financial auditors.

March 3, 2015

Heta Could Spell Trouble for Austria's Fiscal Targets

Austria's deficit may widen due to the additional impairments required in the case of nationalized bank Hypo's bad bank Heta, Fiscal Council head Bernhard Felderer expects.

March 2, 2015

Heta Stops Payments: FinMin Stresses Heta is Not Insolvent

All audits and reports indicate that the bank is already overindebted, but, as the Finance Ministry stressed in a statement issued on Sunday evening, "Heta is not insolvent”.

March 2, 2015

Austrian Financial Market Watchdog Orders Heta to Stop Payment of Debts

Heta, the bad bank created from Hypo Alpe Adria, has suspended debt payments for one year, on order of the financial market watchdog FMA. Even though the watchdog itself confirms a debt overload and the threat of insolvency for Heta, this does not mean the bank is bankrupt.

March 2, 2015

City of Vienna Wants to Build Council Flats Again

Council flats shall be build in Vienna again, mayor Michael Häupl (Austrian Social Democrats = SPÖ) announced on Thursday, during a conference.

February 26, 2015