Tag: austria

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Hungary starts sabre-rattling as EU condemns new Austrian law

January 15, 2019, 8:12 am
After the European Commission made it clear last week that Austria’s new rules on child allowance may be in infringement of European Union regulations, the Hungarian government applied war paint... 

Star economist reveals what Hungary needs to catch up with Austria

November 23, 2018, 8:42 am
Hungary is on the right track to converge with Western Europe, however, policymakers will need to maneuver carefully to avoid overheating the country’s economy, according to Ludovic Subran, Global... 

Austria's AVL to set up EUR 39 million R&D centre in Hungary

November 20, 2018, 11:29 am
AVL AUTÓKUT Engineering Ltd., the Hungarian subsidiary of Austria’s AVL, is to embark on a 12.5 billion forint (EUR 38.9 million) investment to set up a research and development centre in Érd, outside... 

Soros meets Austrian Chancellor to discuss CEU exit from Hungary

November 19, 2018, 10:32 am
Austrian Chancellor Sebastian Kurz received George Soros on Sunday evening. The main issue of their meeting was the moving of Central European University, founded by the Hungarian-born financier and philanthropist... 

CEU to leave Budapest if cabinet does not sign agreement by December

October 25, 2018, 1:22 pm
If the Hungarian government does not sign a draft agreement with New York State authorities by December this year, Central European University (CEU) will move to Vienna, the university has told its student... 

OMV 'not amused' to see gas pipeline stopping in Hungary

March 19, 2018, 4:28 pm
Austrian oil and gas company OMV is ‘not amused’ to see the Bulgaria-Romania-Hungary-Austria (BRUA) major pipeline project to have one of its ends in Hungary, because this makes difficult to... 

CEU in talks to set up satellite campus in Vienna

March 12, 2018, 4:18 pm
Central European University (CEU) and the City of Vienna are in negotiations about a memorandum of understanding (MoU) that would enable CEU to open a satellite campus site in Vienna, complementing its... 

Luxembourg backs Austria in legal action over Hungarian nuclear power plant

March 6, 2018, 9:06 am
Luxembourg stands with Austria in its lawsuit launched against the European Commission at the European Court of Justice over a controversial nuclear power plant expansion in Hungary, Luxembourg’s... 

Austria to sue EU over allowing expansion of Hungary nuclear plant

January 22, 2018, 12:45 pm
Austria plans to sue the European Commission for allowing Hungary to expand its Paks nuclear power plant as it does not view nuclear energy as the way to combat climate change or as being in the common... 

Austrian furniture maker to embark on EUR 17 mn investment in Hungary

January 12, 2018, 11:17 am
Austrian furniture maker Ada is to boost its manufacturing capacity in Hungary via a 5.2 billion forint (EUR 16.83 mn) investment, for which the Hungarian government grants HUF 1 bn worth of non-reimbursable... 

Soros spokesperson: CEU does not want to relocate from Budapest

April 7, 2017, 9:24 am
Central European University (CEU) has no intention of leaving Budapest, a spokesperson for George Soros, the founder of CEU, said in a statement on Thursday. Vienna would welcome CEU Chancellor Kern... 

Hungary's Orbán talks plans to detain all asylum seekers

March 10, 2017, 5:05 pm
Despite all difficulties Europe is still the best place in the world, and the objective is to preserve this position, Hungary’s Prime Minister Viktor Orbán told a press conference in Brussels after... 

Austria cries out against EU approval for Hungary's nuclear project

March 7, 2017, 8:59 am
A European Commission decision to wave through the expansion of Hungary’s nuclear power plant (i.e. the Paks II project) is objected by Austria that will examine every legal possibility and, if necessary... 

Hungary's Orbán is not the only one cosying up to pensioners

November 30, 2016, 11:38 am
Pensioners in Hungary are to receive an unexpected gift from the government, a one-off 10,000 forint premium, according to an announcement by Prime Minister Viktor Orbán. The “pampering" of pensioners... 

Austria loses its cool over Hungary's nuclear expansion deal

November 24, 2016, 9:14 am
If the European Commission approves state aid for the Paks II project, the expansion of Hungary’s sole nuclear power plant from Russian money, Austria may appeal at the European Court of Justice... 

Erste Group posts record profit in Q3 despite modest income

November 4, 2016, 4:11 pm
Regardless of the fact that Erste Group’s loan portfolio has been expanding for two years, now, the banking group is forced to make it on ever smaller revenue due to the low interest rate environment.... 

Erste expects net profit of about EUR 560 m for Q2

July 15, 2016, 1:32 pm
The after-tax profit Austria’s Erste Group has posted in the second quarter of 2016 may be the highest ever but certainly the highest since early 2010, according to Portfolio data. According to the... 

Hungary Mol may buy pumps in Austria too

May 17, 2016, 3:12 pm
Although Hungarian oil and gas group Mol exited the Austrian market last year, it does not exclude the possibility of buying and operating petrol stations there, Austrian daily newspaper WirtschaftsBlatt... 

Austria may build fence on border with Hungary

March 21, 2016, 4:56 pm
Austria’s Interior Minister plans to build a fence on the country’s border with Hungary in a bid to stem the flow of migrants by human smugglers, daily newspaper Kurier reported on Monday.... 

Hungary aims to catch up with Austria - c.bank chief

February 23, 2016, 1:43 pm
In the following years, Hungary needs to pursue economic policy that is aimed at boosting competitiveness, because the next 25 years will be about convergence, said György Matolcsy, Governor of the National... 
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