For a finance minister tasked with eliminating billions of euros of spending and stabilizing Austria’s budget, Markus Marterbauer has so far managed to avoid becoming the scapegoat for his country’s economic woes.
For a finance minister tasked with eliminating billions of euros of spending and stabilizing Austria’s budget, Markus Marterbauer has so far managed to avoid becoming the scapegoat for his country’s economic woes.
Hungary will probably have a very elevated budget shortfall this year, Prime Minister Peter Magyar said, accusing Viktor Orban’s administration of misrepresenting the data.
Hungary will probably have a very elevated budget shortfall this year, Prime Minister Peter Magyar said, accusing Viktor Orban’s administration of misrepresenting the data.
Christian Stocker and Peter Magyar, during Magyar's visit in Vienna, on May 21.
Hungary will probably have a very elevated budget shortfall this year, Prime Minister Peter Magyar said, accusing Viktor Orban’s administration of misrepresenting the data.
Hungary will probably have a very elevated budget shortfall this year, Prime Minister Peter Magyar said, accusing Viktor Orban’s administration of misrepresenting the data.
Christian Stocker and Peter Magyar, during Magyar's visit in Vienna, on May 21.
An ex-Austrian intelligence officer was found guilty of passing on state secrets to a fugitive former top executive at the fraudulent payments company Wirecard in a high-profile spy case that has prompted authorities in Vienna to tighten rules on espionage.
An ex-Austrian intelligence officer was found guilty of passing on state secrets to a fugitive former top executive at the fraudulent payments company Wirecard in a high-profile spy case that has prompted authorities in Vienna to tighten rules on espionage.
Hungary’s central bank governor, Mihaly Varga, gave a cautious endorsement of the government’s plan to join the euro, but warned careful preparation would be needed.
Hungary’s central bank governor, Mihaly Varga, gave a cautious endorsement of the government’s plan to join the euro, but warned careful preparation would be needed.
Erste Group Bank AG is working on a significant risk transfer tied to commercial real estate loans in Austria as regulators push lenders to bolster their capital buffers against potential defaults in the sector.
Erste Group Bank AG is working on a significant risk transfer tied to commercial real estate loans in Austria as regulators push lenders to bolster their capital buffers against potential defaults in the sector.
The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.
The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.
Martin Kocher, governor of the Austria's central bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on Wednesday, March 25, 2026. The European Central Bank will act decisively and swiftly if the current surge in energy costs risks a broader bout of inflation, though for now it’s still assessing the shock caused by the Iran war, according to President Christine Lagarde. Photographer: Alex Kraus/Bloomberg
The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.
The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.
Martin Kocher, governor of the Austria's central bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on Wednesday, March 25, 2026. The European Central Bank will act decisively and swiftly if the current surge in energy costs risks a broader bout of inflation, though for now it’s still assessing the shock caused by the Iran war, according to President Christine Lagarde. Photographer: Alex Kraus/Bloomberg
Austria’s Erste Group Bank AG is ready to consider bolt-on acquisitions in all of its countries as it works to integrate its largest ever acquisition in Poland.
Austria’s Erste Group Bank AG is ready to consider bolt-on acquisitions in all of its countries as it works to integrate its largest ever acquisition in Poland.
Signage for a newly branded Erste Bank Polska on a bank branch in Warsaw. Photographer: Damian Lemanski/Bloomberg
The Hungarian central bank launched a probe after one of its former governors and critic of Viktor Orban said he quit a top job at Erste Group Bank AG following “blackmail” from the financial supervisor in Budapest.
The Hungarian central bank launched a probe after one of its former governors and critic of Viktor Orban said he quit a top job at Erste Group Bank AG following “blackmail” from the financial supervisor in Budapest.
Viktor Orban, Hungary's prime minister, during a rally ahead of a general election in Budapest, Hungary, on Sunday, March 15, 2026. Dueling rallies laid bare the division gripping Hungary, with Orban using Ukraine as the bogeyman in the campaign and Peter Magyar vowing to return Hungary to the European Union mainstream.
The Hungarian central bank launched a probe after one of its former governors and critic of Viktor Orban said he quit a top job at Erste Group Bank AG following “blackmail” from the financial supervisor in Budapest.
The Hungarian central bank launched a probe after one of its former governors and critic of Viktor Orban said he quit a top job at Erste Group Bank AG following “blackmail” from the financial supervisor in Budapest.
Viktor Orban, Hungary's prime minister, during a rally ahead of a general election in Budapest, Hungary, on Sunday, March 15, 2026. Dueling rallies laid bare the division gripping Hungary, with Orban using Ukraine as the bogeyman in the campaign and Peter Magyar vowing to return Hungary to the European Union mainstream.
European Central Bank Governing Council member Martin Kocher said uncertainty over the Iran war means he can’t yet predict what will happen when rate-setters meet in Frankfurt April 29-30.
European Central Bank Governing Council member Martin Kocher said uncertainty over the Iran war means he can’t yet predict what will happen when rate-setters meet in Frankfurt April 29-30.
European Central Bank Governing Council member Martin Kocher said uncertainty over the Iran war means he can’t yet predict what will happen when rate-setters meet in Frankfurt April 29-30.
European Central Bank Governing Council member Martin Kocher said uncertainty over the Iran war means he can’t yet predict what will happen when rate-setters meet in Frankfurt April 29-30.
Bawag Group AG will pause investor payouts and rely on significant risk transfers to fund the €1.62 billion ($1.9 billion) acquisition of Ireland’s third-largest lender, Permanent TSB.
Bawag Group AG will pause investor payouts and rely on significant risk transfers to fund the €1.62 billion ($1.9 billion) acquisition of Ireland’s third-largest lender, Permanent TSB.
Melting Alpine glaciers is forcing Austria to rethink the linchpin of its economy.
TOPSHOT - Tourists walk on June 27, 2023 on the wall of the Mooserboden dam near Kaprun, Austria, where under the ground workers are busy on one of the most spectacular construction sites in Europe, a symbol of an Austria dependent on hydroelectric power that is already adapting to global warming and preparing alternatives. High in the Austrian Alps, hundreds of construction workers toil in a huge underground project aimed at storing hydropower as climate change has reduced the country's water-dependent electricity production. Austria draws more than 60 percent of its electricity output from the renewable energy source, compared to a global average of 16 percent, with 3,100 dams spread across its rivers. But the amount of electricity generated through hydropower in the European Union country is down -- from some 45,500 terawatt hours (TWh) in 2020 to 42,500 TWh in 2021 -- as water levels are falling. (Photo by JOE KLAMAR / AFP) / TO GO WITH AFP STORY by Blaise GAUQUELIN with Amandine HESS (Photo by JOE KLAMAR/AFP via Getty Images)
Nova Ljubljanska banka d.d. said it plans to announce a purchase offer for shares in Balkans consumer lending specialist Addiko Bank AG, countering a similar proposal by Raiffeisen Bank International AG.
Nova Ljubljanska banka d.d. said it plans to announce a purchase offer for shares in Balkans consumer lending specialist Addiko Bank AG, countering a similar proposal by Raiffeisen Bank International AG.
A branch of Addiko Bank AG in Zagreb, Croatia, on Monday, Sept. 19, 2022. Croatia's government earlier this month approved an aid package worth 21 billion kuna ($2.8 billion) to ease the effects of the energy crisis and are seeking to raise minimum pension levels and increase assistance to families with children.
Austria’s government is considering steps to tackle its espionage problem by expanding the universe of illegal activities and protecting international agencies operating out of its capital.
Austria’s government is considering steps to tackle its espionage problem by expanding the universe of illegal activities and protecting international agencies operating out of its capital.
The city skyline viewed from the north tower of St. Stephen's cathedral in Vienna, Austria, on Friday, July 7, 2023. Vienna is more likely to face a slow correction to its overvalued housing market than a sudden shock, according to a report from Austria’s central bank.
Austria plans to announce a sweeping ban on social media for children and add school classes on digital competency, moving ahead of the European Union’s efforts to protect kids from online addiction.
Austria plans to announce a sweeping ban on social media for children and add school classes on digital competency, moving ahead of the European Union’s efforts to protect kids from online addiction.
Social media app icons for Snapchat, Instagram, Facebook, TikTok, X and Reddit are displayed on a smartphone in an arranged photograph in Sydney, Australia, on Wednesday Feb. 11, 2026. Major social media platforms blocked 4.7 million underage accounts in Australia in December as the country’s landmark social media ban for under-16s took effect.
Austria plans to announce a sweeping ban on social media for children and add school classes on digital competency, moving ahead of the European Union’s efforts to protect kids from online addiction.
Austria plans to announce a sweeping ban on social media for children and add school classes on digital competency, moving ahead of the European Union’s efforts to protect kids from online addiction.
Social media app icons for Snapchat, Instagram, Facebook, TikTok, X and Reddit are displayed on a smartphone in an arranged photograph in Sydney, Australia, on Wednesday Feb. 11, 2026. Major social media platforms blocked 4.7 million underage accounts in Australia in December as the country’s landmark social media ban for under-16s took effect.
Austria must find €1 billion to €2 billion ($1.16 billion to $2.31 billion) in budget savings as part of its consolidation efforts, with risks to the economic outlook growing from the war in Iran, said Finance Minister Markus Marterbauer.
Austria must find €1 billion to €2 billion ($1.16 billion to $2.31 billion) in budget savings as part of its consolidation efforts, with risks to the economic outlook growing from the war in Iran, said Finance Minister Markus Marterbauer.
Markus Marterbauer, Austria's finance minister, at a Eurogroup meeting in Brussels, Belgium, on Monday, Feb. 16, 2026. Speculation is well under way about who will succeed Christine Lagarde as European Central Bank president at the end of next year.
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