Since 1990, expenditure on education has increased in Austria for every educational level. This has been the result of an extension of education beyond compulsory level as well as a shift from apprenticeships to vocational colleges. The other side of the coin of increasing costs are greater...

Comparative education research is getting increasingly important in the face of the EU process of open coordination of education policies. An international comparison of expenditure on education as a percentage of GDP puts Austria in the front league of the developed world. The high priority...

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...

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...

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...

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...

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...

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...

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,...