Austria
IMF's Koehler says world econ in recovery process
AUSTRIA - International Monetary Fund Managing Director Horst Koehler said on Thursday that the global economy had avoided recession and was now on a process of recovery.
Labour mismatches plague euro zone
GERMANY - Austria has too many construction workers and too few hairdressers. France suffers from an abundance of woodworkers but a shortage of nurses. These are some of the findings of an ECB report published today.
Austrian c.banker seen as candidate for ECB
AUSTRIA - The Austrian National Bank's 49-year old deputy governor, Gertrude Tumpel-Gugerell, could be a candidate to replace Finnish ECB board member Sirkka Hamalainen, who is in charge of the ECB's money market operations, an Austrian weekly magazine…
Speech by Klaus Liebscher, Austrian central bank
SPEECH - Speech by Klaus Liebscher, Governor of the Oesterreichische Nationalbank, at the symposium "The role of international institutions in globalisation", Centre for the Study of International Institutions CSI, Innsbruck, 16 November.
SNB Roth - Franc strength likely to be temporary
AUSTRIA - The president of the Swiss National Bank, Jean-Pierre Roth, said Thursday that he expects the franc's current strength to be temporary, and made it clear that the Swiss monetary policy stance may deviate from that of the European Central Bank.
Speech by the Governor of Austria's central bank
SPEECH - Luncheon speech by Klaus Liebscher Governor of the Oesterreichische Nationalbank, at the East-West-Conference, Vienna, 6 November.
Austrian c bank - ECB not relaxing stability pact
AUSTRIA - Austrian central bank Governor Klaus Liebscher Friday said the European Central Bank's stance on the euro-zone's Stability and Growth Pact won't be relaxed.
Austrian mint ready to recycle notes and coins
AUSTRIA - Austrian federal mint Muenze Oesterreich, a subsidiary of central bank Oesterreichische Nationalbank (ONB), is preparing to begin melting down schilling coins following the introduction of the euro on 1 January.
Austrian central bank warns of forged euro notes
AUSTRIA - Wolfgang Duchatczek, a director of central bank Oesterreichische Nationalbank (ONB), has warned Austrian consumers to be on the look-out for forged euro banknotes following the launch of the new European single currency on 1 January 2002.
Euro coins out in Austria ahead of official launch
AUSTRIA - A small volume of euro-denominated coins have already entered into circulation amongst the general public in Austria. This is despite the fact that starter packs of euro coins are not officially due to be released to private citizens until mid…
Euro notes designer will escape launch controversy
AUSTRIA - When the euro enters circulation in January, the man responsible for the look of a the new notes is planning to take his family on a long holiday - outside Europe.
Austrians 'underestimate' euro
AUSTRIA - According to a survey published on 3 August, the euro is not an issue for most Austrians. A majority of 62 per cent have not or almost not informed themselves on the new currency, only 13 per cent consider themselves as "very interested" in the…
ECB's Liebscher calls for c.bank supervisory role
SPEECH - ECB council member Klaus Liebscher called for Europe's national central banks to continue to play a key role in banking supervision, saying their close contact with commercial banks helped to prevent crises.
ECB plans statement on banking supervision - paper
The European Central Bank plans to issue an official warning to governments not to curb the role of central banks in banking supervision, a German newspaper reported on Mar 14, 2001.
Reserves plan bad for euro system - Austria c.bank
The Austrian National Bank warned on Feb. 6, 2001, that the finance minister's efforts to get the government's hands on central bank currency reserves could undermine the credibility of the euro system. "The Austrian National Bank believes that resorting…
Austrian govt, c.bank at odds on forex reserves
Austrian Finance Minister Karl-Heinz Grasser clashed with the central bank on Feb. 5, 2001, when he called for up to $6.8 billion worth of its currency reserves to be used to cut the national debt or boost public spending. The deputy governor of the…
Austrian gov't plans new financial market watchdog
Austrian Finance Minister Karl-Heinz Grasser submitted his plans for the creation of a new unified financial market regulatory authority to cabinet on Jan. 30. The proposed body will be responsible for supervising banks, insurers and the securities…
Current role of national central banks in the ESCB
This paper by Eduard Hochreiter describes in some detail the tasks currently performed by the national central banks of the Eurosystem, using the Oesterreichische Nationalbank as an example. it does so against the background of the regime shift to the…
M&A Bank attracts attention of Austrian regulator
Unconfirmed reports suggest that the Austrian finance supervisory authority has decided to bring forward a routine inspection of M&A Bank, a Vienna-based institution specialising in managing the assets of wealthy private customers. M&A Bank has attracted…
Mini interview with Austria's Klaus Liebscher
Following is a summary of the Market News International interview with European Central Bank (ECB) Governing Council member and Austrian National Bank Governor Klaus Liebscher that was conducted on Jan. 22.
Austrian central bank expects record 2000 profit
Austrian central bank expects to post a record profit in the region of Sch 22bn in 2000. Of this figure, around Sch 18bn will be transferred to the federal government in the form of a dividend. This compares with a profit of Sch 18bn in 1999.
EDS, Orga win Austrian gov't smartcard contract
The Austrian government yesterday provisionally awarded a much delayed smart card contract to US-based Electronic Data Systems Corp and German chipcard manufacturer Orga Kartensysteme. The smart cards will be issued to the approximately eight million…
Tumpel-Gugerell praises transition economies
At the opening of the International East-West Conference entitled "Completing Transition: The Main Challenges", the Central Bank of Austria's vice governor Tumpel-Gugerell highlights positive growth of all transition economies