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Considering the negative employment growth in Vienna since 1995 (1995-2003: –0.5 percent p.a., compared to +0.4 percent p.a. for Austria), doubts appear due, at least at first glance, whether the Viennese economy can keep pace with growing locational competition from other European cities. An...
Persistent link: https://www.econbiz.de/10005019615
In 2013, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.0 percent, a value significantly below the long-run average of 9.6 percent. The persistently muted performance of the manufacturing sector has affected the cash-flow-to-sales ratio, which declined...
Persistent link: https://www.econbiz.de/10010889053
In response to the conflict between Ukraine and Russia, which has so far led to the Crimea being annexed by Russia, the USA and EU have introducted sanctions against individuals by way of refusing their entry and blocking their bank accounts and are threatening to increase the circle of those...
Persistent link: https://www.econbiz.de/10010904566
In response to poor cyclical prospects and low inflationary expectations, the ECB introduces non-standard purchasing programmes and adds securities of higher risk to its assets. Jean-Claude Juncker is confirmed President of the European Commission by the European Parliament. The European Council...
Persistent link: https://www.econbiz.de/10010941203
The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...
Persistent link: https://www.econbiz.de/10011212465
The European Central Bank starts to purchase government bonds of euro-zone countries; the Expanded Asset Purchase Programme (EAPP) is intended to increase liquidity in order to ward off the risks of a prolonged low inflation phase. Greece requires more financial aid. The sanctions imposed by the...
Persistent link: https://www.econbiz.de/10011266962
As of 1997, private adjustable-rate loan contracts must be provided with a clause governing interest rate changes which meets the requirements of the Consumer Protection Act. This legal stipulation is of particular importance for private loans granted by banks and for loans to individuals. More...
Persistent link: https://www.econbiz.de/10005019493
Persistent link: https://www.econbiz.de/10005019499
In 2003, the Austrian economy continued on its very modest growth path for the third year in a row. As an annual average, value added rose by just 0.9 percent over the previous year (GDP: +0.7 percent). Regionally seen, growth was highest in the west and lowest in the east: In western Austria,...
Persistent link: https://www.econbiz.de/10005019515
For 2003, the Austrian manufacturing industry as well as the electricity, gas, water and public transport sectors plan to invest € 6.8 billion at current prices. The plans indicate a minor increase in investment spending, up 1.8 percent compared to 2002, but slower than foreseen in...
Persistent link: https://www.econbiz.de/10005019557