https://feeds.thelocal.com/ Read the latest news and views from Austria in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed An additional real-time security measure that comes into force on Thursday across the Eurozone puts the onus on users to ensure bank details of financial transfer recipients is accurate. https://www.thelocal.at/20250926/the-important-eu-banking-security-change-you-need-to-know-about Fri, 26 Sep 2025 12:13:22 +0200 the-important-eu-banking-security-change-you-need-to-know-about Austria’s new government has introduced its first laws, including a rent freeze, tax hikes, and banking reforms, as Parliament moves forward with economic policies. https://www.thelocal.at/20250307/austrias-new-government-sets-out-first-laws-on-rents-taxes-and-banking Fri, 07 Mar 2025 13:25:52 +0100 austrias-new-government-sets-out-first-laws-on-rents-taxes-and-banking Austria’s mortgage restrictions will remain in place after June 2025, despite the planned expiration of the controversial KIM Regulation. https://www.thelocal.at/20250227/no-relief-for-homebuyers-in-austria-as-banks-continue-with-strict-lending-rules Thu, 27 Feb 2025 17:21:46 +0100 no-relief-for-homebuyers-in-austria-as-banks-continue-with-strict-lending-rules A blocked account is often required for non-EU citizens looking to study or in some cases even work in Austria. How do you go about setting one up? https://www.thelocal.at/20181105/banking-how-to-open-a-blocked-account-in-austria Mon, 05 Nov 2018 18:34:26 +0100 banking-how-to-open-a-blocked-account-in-austria Opening a bank account is an essential task when moving to a new country. Here's how to open a bank account in Austria. https://www.thelocal.at/20210315/what-you-need-to-know-about-opening-a-bank-account-in-austria Mon, 15 Mar 2021 18:46:48 +0100 what-you-need-to-know-about-opening-a-bank-account-in-austria Some of Britain's biggest banks have begun contacting customers in European Union countries, warning them that their accounts will be closed down within weeks because the cost and complexity of operating without a continuation of pan-European banking rules is too much. https://www.thelocal.at/20200920/brits-in-eu-risk-losing-uk-bank-accounts-within-week Sun, 20 Sep 2020 16:19:03 +0200 brits-in-eu-risk-losing-uk-bank-accounts-within-week Austria’s Bawag bank is the first major bank in the country to start charging its customers fees for withdrawing cash from ATM machines - a move which has been met with outrage by many. https://www.thelocal.at/20161114/austrias-bawag-bank-introduces-atm-fees-for-account-holders Mon, 14 Nov 2016 12:38:08 +0100 austrias-bawag-bank-introduces-atm-fees-for-account-holders The Austrian state of Carinthia looks set to avert bankruptcy with the federal government saying it expects a sweetened debt buyback deal to go through, ending a long-running saga. https://www.thelocal.at/20161004/austrian-province-set-to-avert-bankruptcy Tue, 04 Oct 2016 14:26:16 +0200 austrian-province-set-to-avert-bankruptcy Austrian lender Erste Bank reported a healthy return to profit in 2015 on Friday and expressed confidence about conditions in central and eastern Europe where it has a major presence. https://www.thelocal.at/20160226/austrias-erste-bank-back-in-black Fri, 26 Feb 2016 12:11:53 +0100 austrias-erste-bank-back-in-black Austria's cash-strapped state of Carinthia has asked creditors to write off some of the debts owed by its stricken state lender, in a bid to avoid possible bankruptcy. https://www.thelocal.at/20160120/austrian-state-asks-creditors-to-slash-debt-to-avoid-bankruptcy Wed, 20 Jan 2016 15:28:28 +0100 austrian-state-asks-creditors-to-slash-debt-to-avoid-bankruptcy BAWAG PSK has said it will pilot an Islamic current account in February - the first Austrian bank to do so. https://www.thelocal.at/20160115/bawag-launches-islamic-bank-account Fri, 15 Jan 2016 10:51:12 +0100 bawag-launches-islamic-bank-account Austria has agreed to pay the German state of Bavaria €1.23 billion ($1.07 billion) to end a bitter and long-running dispute over a bank deal that went disastrously sour. https://www.thelocal.at/20151112/austria-and-bavaria-bury-hatchet-over-bank-dispute Thu, 12 Nov 2015 10:14:03 +0100 austria-and-bavaria-bury-hatchet-over-bank-dispute The Austrian state of Carinthia has filed a lawsuit against the family of far-right politician and former governor Jörg Haider, who died in a car crash in 2008. https://www.thelocal.at/20150611/carinthia-seeks-damages-from-haider-family Thu, 11 Jun 2015 13:20:41 +0200 carinthia-seeks-damages-from-haider-family Bank deposits in Austria will no longer be protected by the state in the event that a bank fails, according to new legislation which will come into force in July. https://www.thelocal.at/20150410/bank-deposits-no-longer-guaranteed-by-state Fri, 10 Apr 2015 17:35:27 +0200 bank-deposits-no-longer-guaranteed-by-state Austria could face years of legal battles over its decision to pull support of its "bad bank" Heta, the German BdB banking federation warned on Tuesday. https://www.thelocal.at/20150324/austria-could-face-years-of-legal-battles-over-heta Tue, 24 Mar 2015 14:11:00 +0100 austria-could-face-years-of-legal-battles-over-heta Jörg Haider may be long dead, but the colourful far-right politician who praised Hitler's "orderly" employment policies is coming back to haunt Austria's public finances, potentially with wider reverberations throughout the eurozone. https://www.thelocal.at/20150311/haider-comes-back-to-haunt-austrias-finances Wed, 11 Mar 2015 10:17:29 +0100 haider-comes-back-to-haunt-austrias-finances EU finance ministers took a major step towards ending banking secrecy on Tuesday, agreeing to the automatic exchange of account information so as to catch out tax cheats. https://www.thelocal.at/20141014/tax-cheats-in-eus-crosshairs Tue, 14 Oct 2014 19:23:52 +0200 tax-cheats-in-eus-crosshairs A tightened EU statistics office rulebook for government accounting swelled Austria’s debt to 81.2 percent of GDP in 2013, Statistik Austria announced on Tuesday. https://www.thelocal.at/20140930/austrias-debt-rises-with-new-eu-rules Tue, 30 Sep 2014 13:23:00 +0200 austrias-debt-rises-with-new-eu-rules Shares in Austrian banking group Raiffeisen Bank International slumped on Tuesday after warning that the turmoil in Ukraine and new laws in Hungary would push it to its first-ever yearly loss. https://www.thelocal.at/20140923/ukraine-to-push-austrian-bank-rbi-to-first-loss Tue, 23 Sep 2014 19:08:59 +0200 ukraine-to-push-austrian-bank-rbi-to-first-loss The Austrian national bank (OeNB) has revised its expectations for gross domestic product (GDP) growth this year from 1.6 percent to 0.9. https://www.thelocal.at/20140829/austrian-gdp-revised-from-16-to-09-percent Fri, 29 Aug 2014 13:08:57 +0200 austrian-gdp-revised-from-16-to-09-percent