Austria: Austria's Manufacturing Activity Expands In August

Austria Private Sector Growth Maintains Strong Momentum

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.

OPEC, non-OPEC agree first global oil pact since 2001

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.

Higher earning Why a university degree is worth more in some countries than others

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.

Minister Kurz is visiting South Africa from 24-26 October 2016,

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