Austria Economy

• 

  $80 Billion, Locked In A 'Golden Cage' In Austria, May Now Be Set Free

  Austria is trying to free about 70 billion euros ($80 billion) of capital locked in a "golden cage" the country created a few decades ago.

• 

  India's Pension System Showing Steady Improvement: Report

  According to the Melbourne Mercer Global Pension Index 2017, India's pension system is found to be more sustainable than that of Poland, Germany, France, Japan, Italy, Austria, Brazil, China and Argentina

• 

  Germany to Reinstate Border Controls Amid Record Refugee Influx: Reports

  Germany is to reinstate controls at the border with Austria as Europe's top economy struggles to cope with a record influx of refugees, according to media reports Sunday.

• 

  Euro Zone Gives Greece Until Sunday for Debt Deal

  French President Francois Hollande said the European Central Bank would ensure that Greek banks had the minimum necessary liquidity to stay afloat until Sunday.

• Austria's Finance Minister Says Greece Exit Appears 'Almost Inevitable': Report

  Austria's finance minister said on Sunday that Greece's exit from the Eurozone "appears almost inevitable", after European Union leaders refused to extend Athens's desperately needed bailout.

• Cabinet to consider India-Austria tax treaty revision on Thursday: report

  The Cabinet Committee on Economic Affairs (CCEA) will consider on Thursday, January 30 the proposal to modify the double tax avoidance treaty with Austria, according to sources.

• Why Canada, New Zealand, others are eyeing Indian travellers

  With the disposable income pocket gradually fattening and the zeal to splurge heading north while holidaying, Indian travellers are being wooed by countries around the world - from Canada to New Zealand - wanting a share of their money on travel and tourism.

• India intends to extend on-arrival visa for US, UK, 38 others

  India intends to extend visa-on-arrival facility to tourists from 40 more countries, including the US, the UK, Canada, Brazil, Australia, the UAE and Saudi Arabia, a move which will make the country a more tourist-friendly destination and promote foreign exchange earnings.

• Eurozone economy shrinks despite German growth

  The 17-nation currency bloc contracted by 0.2 per cent on the quarter, data showed on Tuesday.

• UBS blames Facebook IPO for $ 350m loss

  Within a space of an hour UBS of Switzerland, Deutsche Bank, BBVA of Spain and Austria's Erste Bank delivered the bad news.

• Pranab wants austerity: What other countries are doing

  Here’s a quick view of the austerity measures announced in the European Union.

• Moody's downgrades ratings of 6 European nations

  The agency said it took the actions due to the uncertainty over EU financial reforms, the region's weak economic outlook and the resulting pressure on fragile markets. Moody's moves were less severe than those taken last month by rival ratings agency Standard & Poor's, which downgraded nine European countries, including stripping France and Austria...

• S&P downgrades eurozone bailout fund to AA+

  The downgrade follows ratings cuts for AAA-rated France and Austria, whose financial guarantees were key to the creditworthiness of the European Financial Stability Facility.

• Euro crisis deepens as France, Austria and Italy downgraded

  European shares and the euro had been climbing before reports of the downgrades emerged.