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This article is brought to you in association with the European Commission. Today, the Commission positively assessed Austria’s third payment request of €515.5 million under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. Following its assessment of the payment request, the Commission found that Austria has satisfactorily completed the 8 milestones and 12 targets set out […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, an Austrian scheme to safeguard security of electricity supply. The scheme will support security of electricity supply for a period of 5 years starting in October 2026. It is an extension and update of […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has granted Energie AG Oberösterreich in Upper Austria a financing package of up to €400 million to expand hydropower. Energie AG plans to invest a total of over €600 million in a new pumped storage power plant in Ebensee and a planned run-of-river hydropower plant […]
This article is published in association with European Investment Bank. Together with Austria’s largest banks (UniCredit Bank Austria, Raiffeisen Bank International, Erste Bank and Wiener Städtische) and European financing institutions (Landesbank Baden-Württemberg and Talanx Group), the European Investment Bank (EIB) is helping fund the largest-ever portfolio for the construction of solar and wind power plants in Austria with […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing €80 million to the PÜSPÖK Group to build six agrivoltaic farms in Burgenland, Austria. This innovative project is being financed together with Erste Bank of the Austrian group of savings banks (Sparkassen). Erste Bank is providing a loan of €43 million, of which €28 million […]
This article is brought to you in association with the European Commission. Today, the Commission proposed to mobilise €77 million from the agricultural reserve to support farmers from the fruit, vegetables and wine sectors of Austria, Czechia, Poland who have recently suffered from adverse climatic events of unprecedented magnitude, as well as Portuguese wine producers who […]
This article is brought to you in association with the European Commission. The European Commission has approved a €100 million Austrian measure to reduce peak electricity consumption in Austria in the context of Russia’s war against Ukraine. This is the first measure aimed at supporting electricity consumption reduction that the Commission has approved under the State […]
This article is brought to you in association with the European Commission. The European Commission has approved a €110 million Austrian scheme to support primary agricultural producers in the context of Russia’s invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended […]
This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Belgium, Italy, Austria, and Slovenia. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF […]
This article is brought to you in association with the European Commission. The European Commission and Austria are announcing today the conclusion of agreements for the delivery of COVID-19 vaccines for the Western Balkans. The 651,000 BioNTech/Pfizer doses are funded by the European Commission and will be shared with the facilitation of Austria. The first delivery […]
This article is brought to you in association with the European Commission. The Commission approved the first decisions under REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) involving a modification of four operational programmes for the European Regional Development Fund (ERDF) in the Netherlands and Austria that will increase the funding available for investments […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €300 million Austrian scheme for package travel organisers and facilitators of linked travel services in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The package […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €300 million Austrian scheme to support organisers of events affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. Today’s decision confirms the agreement in principle reached in […]
This article is brought to you in association with the European Commission. The European Commission has found an Austrian €150 million subordinated loan (convertible into a grant) in favour of Austrian Airlines AG to be in line with EU State aid rules. The measure aims at partly compensating the airline for the damages suffered due to […]
This article is brought to you in association with the European Parliament. Parliament on Wednesday approved €279 million in EU aid following extreme weather events in Austria, Italy, Portugal and Spain in 2019. The report by José Manuel Fernandes, (EPP, PT) was adopted by 680 votes in favour, 7 against and 1 abstention, to allocate €279 […]
This article is brought to you in association with OECD. Austria stands out for its high levels of economic and social well-being. Preserving these will require reforms to improve competition in the service sector, increase access to risk capital for firms of all sizes, encourage more women and migrants into the workforce and lengthen work […]
On the morrow of the European election 2019, the ballots showed to Brussels that it will not anymore continue to do tax free business as usual for long. 10 years after the global economic crisis, this election’s result shows that the excuse that austerity brought disappoitnment which subsequently lead towards the rise of far right […]
It was last Monday when the US President Donald Trump met the Hungarian Prime Minister Viktor Orbán at the White House. Both leaders had the beautiful chance to praise each other at a gathering which lasted less than an hour. Only a few days ahead of the EU elections, the US President clearly shows his […]
The European elections are going to be held in just two weeks’ time and far-right propaganda is gaining momentum creating concerns to everyone regarding the future of the EU, which is at stake. Populism and nationalism have dramatically risen in the EU during the last years menacing democratic institutions within a number of European member […]
In western Austria’s ‘saltcastle’ – Saltzburg – the baroque native city of Mozart, the last EU Summit which took place there left a very bitter Brexit taste. The city’s confectioners’ efforts of supplying an unlimited variety of chocolates, baring the face of the celebrated composer, were to no avail. The British Prime Minister, Theresa May, […]
The Brexit cataclysm comes to its apex. On the one side is Prime Minister Theresa May, and on the other around 50 unrepentant Brexiteer Tory MPs. The sides are about to cross swords within and without Parliament. Reportedly, May could pass her own – not so mild but negotiable in Brussels – version of Brexit […]
An EU summit is taking place today in Salzburg, Austria where the EU leaders will discuss about the immigration crisis in the region and Brexit deal negotiations. The Parliament’s request to the member states regarding Hungary’s breach of the EU founding values is creating turbulences to the unity and solidarity of the Old Continent. The […]
The car industry will be under tighter surveillance by the European Commission after 2020 when the next phase of the EU’s emission regulation will take place. All car manufacturers who do not meet the 2021 fleet CO2 emissions compliance for new passenger vehicles sold in the Old Continent will face fines of more than €14 […]
This article is brought to you in association with the European Parliament. Borders, migration, the MFF, and enlargement were key issues in a debate with Austria’s Chancellor Sebastian Kurz on the EU work programme for the rest of 2018. During its six-month presidency in the Council, the Austrian government intends primarily to promote stronger protection […]
Last Friday, the ‘America first’ President Donald Trump repeated his threats to impose a super tariff on imports of European cars, obviously having in mind the German automotive industry. His latest menace came only hours after the European Union moderately retaliated to the US aggressive trade action, by levying additional import duties on American goods […]
The EU budget will be the main topic of the EU summit which will be held in Brussels on Friday. The leaders of the 27 member states have to deal with the annual gap that UK will leave after Brexit occurs ensuring that the priorities set for the Union will be adequately funded. According to […]
Donald Trump, the American President, is to deliver the closing speech at this year’s World Economic Forum Annual Meeting of 23-26 January in Davos, which as usually is set in the unsullied Alpine landscape. Perhaps, he has something new to say about how America sees Europe. Most probably though, he is simply to repeat his […]
With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire new year 2018. France is the only exception in this Euro-plague of political uncertainty. In some cases the […]
This newspaper had predicted that Europe’s extreme right wing, almost fascist political parties, unable to deliver their phoney promises after reaching government posts, will try to play the aggressive chauvinism card. Old Continet’s’s nations have paid dearly in the past millennia for jingoism and chauvinist violence. However, after many decades of peace in Europe and […]
Andrej Babis, a media magnate and second wealthier Czech leading his anti-immigration, nationalist and populist ANO party, won last Sunday’s election, with around 30% of the vote. He is to become the next Prime Minister of the Czech Republic. Babis did that on an anti-systemic Trump-like ticket. He was recently implicated in a tax fraud […]
The immigration crisis of 2015 in Europe exposed the hollowness of the political system of the new millennium in the Old Continent, anguishing to cover the huge social cavities the economic neo-liberalism has created. Unfortunately, economic neo-liberalism didn’t lead to political liberalism, but instead to chauvinism, xenophobia and the insurgence of the extreme right wing […]
The European Commission has been fighting the migration crisis urging the EU countries for their support to tackle this long-lasting issue but no or little contribution is provided. Last Thursday, the president of the EC prompted the Czech Republic to change its decision regarding their denial on accepting asylum seekers from Greece and Italy under […]
Despite the fact that migration crisis figures have decreased compared to last year, the disappointing commitment of some countries to fulfil their obligations receiving asylum-seekers from Greece and Italy combined with the worsening situation in the Mediterranean are perpetuating this crisis. The European Commission (EC) continues its hard work towards the completion of the relocation […]
