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Austria

National Bank of Austria - Annual Report 2003

The National Bank of Austria has published its Annual Report for the year ended 2003. In 2003 Austria slightly outperformed its main trading partners and the euro area as a whole, which was attributable, among other things, to the economic stimulus and…

Liebscher on the role and functioning of the ESCB

In a speech on 'The role and functioning of the European System of Central Banks (ESCB)' given on 6 July, Klaus Liebscher of the Austrian National Bank expressed his conviction that the enlargement of the European Union and the economic and monetary…

Austria's Liebscher on Bretton Woods institutions

In a speech on 'The importance of the Bretton Woods institutions for small countries' given on 21 June, Klaus Liebscher of the Austrian National Bank said he is a firm believer in the value of the Bretton Woods Institutions for the global economy as a…

Arhar says Slovenia not ready for euro

Slovenia is not sufficiently prepared to enter the Exchange Rate Mechanism II (ERM II), France Arhar, chairman of the Slovene branch of Bank Austria Creditanstalt, told the weekly Mag, saying that the country is experiencing unusual circumstances in long…

Duisenberg on accepting Austrian decoration

On accepting an Austrian decoration from Dr Thomas Klestil, the Austrian President, Wim Duisenberg of the European Central Bank said "I should again like to express my sincere gratitude for this high decoration. It strengthens my belief that the cause I …

Speech by Governor, Austrian Nationalbank, 9 Apr

SPEECH - In a speech titled 'The euro and European integration - an Austrian viewpoint' Liebscher called for continued adherence to the stability and growth pact throughout the euro zone. He called on euro zone countries to continue to prove their…

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…

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.

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.

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