Austria News
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AUSTRIA, 2017/07/30
Austria's private sector sustained its robust increase momentum in July amid strong increase in output, new orders and employment, survey data from IHS Markit showed Friday.
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AUSTRIA, 2017/06/02
OPEC and non-OPEC producers on Saturday reached their initial transaction since 2001 to curtail oil output jointly and relieve a world glut next additional than two years of low prices that overstretched a lot of budgets and spurred unrest in some nations.
With the transaction finally signed next almost a year of arguing within the OPEC and mistrust in the willingness of non-OPEC Russia to play ball, the market’s focus will presently switch to compliance with the agreement.
OPEC has a long history of cheating on output quotas. The fact that Nigeria and Libya were exempt from the transaction due to production-denting civil strife will further pressure OPEC leader Saudi Arabia to shoulder the bulk of supply reductions.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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AUSTRIA, 2016/10/22
International Relations and Cooperation Minister Maite Nkoana-Mashabane will meet with her Austrian counterpart, Sebastian Kurz, the Minister for Europe, Integration and Foreign Affairs, on 24 October 2016 in Pretoria. Minister Kurz is visiting South Africa from 24-26 October 2016, heading a 50-person strong business delegation, which includes the President of the Austrian Chamber of Commerce.
South Africa ranks 6th amongst Austria’s overseas trading partners and is Austria’s major trading partner in Africa
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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AUSTRIA, 2015/12/14
France is leading a worldwide push to increase the all of carbon locked in soils through better farming practices.
Supporters of an initiative launched at the COP 21 summit say this would limit world warming by removing carbon from the atmosphere, while as well increasing the range and all of food farmers produce by improving soil fertility. This would particularly benefit developing nations, according to representatives of the 4 Pour 1000 initiative.
"It's a bit of a scientific dream, but we have a lot of evidence that supports this dream," Jean-Paul Moatti, the chief executive officer of the French Research Institute for Development, one of the organisations behind the plan, said yesterday on the sidelines of the talks in Paris, France.
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AUSTRIA, 2015/11/22
The trade turnover between Austria and Kazakhstan has increased additional than 12 times over the completed years.
The figure was 3.1 billion euro in 2014, Chairman of the Union of Machine Builders of Kazakhstan Meyram Pshembaev said during the forum recently held in Vienna.
Kazakh and Australian businessmen discussed the business partnership in the machinery industry within the Kazakh-Austrian business forum of mechanical engineering of Austria.
Pshembaev as well stressed that the priority directions of developing the Kazakh-Austrian economic cooperation are the engineering industry, investment cooperation and business partnership.
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AUSTRIA, 2015/11/02
Vienna hosted today a working conference between Alexey Miller, Chairman of the Gazprom Management Committee and Rainer Seele, Chairman of the OMV Executive Board. The parties discussed the cooperation in Nord Stream 2 and the potential investment swap.
During the conference Alexey Miller and Rainer Seele signed a Memorandum of Considerate on oil supply. The document reflects the parties' intent to consider a possibility of oil supply to OMV from Gazprom Group portfolio.
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AUSTRIA, 2015/05/19
Iran and the P5+1 group will continue talks on the process of drafting a final transaction in Vienna on May 20.
The Iranian nuclear negotiating team, headed by deputy foreign minister Abbas Araghchi, will travel to Vienna tomorrow, Iran’s Fars news agency reported on May 19.
Before, Araghchi and EU political director, Helga Schmid, who represents the P5+1, held four-day talks started on May 11 in Vienna.
He said that the Lausanne statement was a summarized one and a half page statement of all that happened. However, the final transaction would be over 20 pages with over 50 pages of appendices.
