COVID-19 leads to an external shock and caution among companies, investors and banks

Effects of the pandemic on Austria’s foreign trade, the financial behavior of households and companies as well as the lending and deposit business of banks Vienna (OTS) – Austria’s internationally strongly networked economy was hit extensively and hard by the global COVID-19 pandemic. The breakdown of international supply chains, the failure of the demand for … Read more

US sanctions against Nord Stream 2: EU threatens countermeasures

– Nord Stream 2 Firms involved in the construction of the gas pipeline can be sanctioned by the United States. – (Photo: dpa) – – – – Brussels After the US sanctions against the Nord Stream 2 Baltic Sea pipeline, the EU Commission is preparing countermeasures. This is the result of a written response by … Read more