Austria

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…

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.

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…

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…

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…

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.

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