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Austria: Strengthening domestic sources of growth would secure place as ‘Champions League’ economy

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.




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Peer Review Report of Austria - Phase 1: Legal and Regulatory Framework

This report summarises the legal and regulatory framework for transparency and exchange of information for tax purposes in Austria.




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Austria, Luxembourg and Singapore among countries signing-on to end tax secrecy

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.




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The Secretary-General in Vienna (Tuesday 2nd July 2013)

Mr. Angel Gurría, Secretary-General of the OECD, was in Vienna on Tuesday 2nd July 2013, to present the 2013 OECD Economic Survey of Austria and meet with representatives of the government.




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OECD report on vocational training in Austria calls for continued diversity and increased co-ordination

There are few OECD countries where vocational education and training (VET) is held in such high regard or takes so many forms as in Austria. Some 60 percent of young Austrians aged between 25 and 34 have completed a VET course below tertiary level (vocational school or technical college).




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Austria: Ambassador, Permanent Representative to the OECD

Biographical note of Austria's Permanent Representative to the OECD.




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Austria should set timeframe for 0.7% development aid target, says OECD

Austria should set a timeframe to increase its aid budget in line with a pledge to allocate 0.7% of its gross national income (GNI) to development aid, according to an OECD Review.




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Mr. Angel Gurría, Secretary-General of the OECD, in Vienna on 7 November 2016

The Secretary-General held bilateral meetings with Federal Chancellor Christian Kern and several high-level Austrian officials.




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Mr. Angel Gurría, Secretary-General of the OECD, in Vienna on 5-6 March 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Vienna on 5-6 March 2018, to visit the International Institute for Applied Systems Analysis (IIASA), where he will meet with IIASA Senior Management as well as with researchers from Mexico.




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Taxation of household savings: Key findings for Austria

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.




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Research Fellowships and Conference Sponsorship

The Co-operative Research Programme (CRP)'s Call for Applications for conference sponsorship and research fellowships for funding in 2019 is now CLOSED. The CRP supports work on sustainable use of natural resources in agriculture, forests, fisheries and food production.




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Mr. Angel Gurría, Secretary-General of the OECD, in Salzburg on 29-30 August 2018

Mr. Angel Gurría, Secretary-General of the OECD, will be in Salzburg on 29-30 August 2018 to attend the Trilogue Salzburg “Taking Stock of Democracy - Still a Success Story or not Competitive Anymore?” event, organised by Bertelsmann Stiftung.




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Mr. Angel Gurría, Secretary-General of the OECD, in Vienna on 7-8 September 2018

Mr. Angel Gurría, Secretary-General of the OECD, was in Vienna on 7-8 September 2018 to attend the Eurogroup Meeting / Informal Meeting of Economic and Financial Affairs Ministers (ECOFIN).




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Taxing Energy Use: Key findings for Austria

This country note explains how Austria taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.




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Österreich - Ländergesundheitsprofile 2019: Launch presentation

Österreich - Ländergesundheitsprofile 2019: Launch presentation. The Country Health Profiles provide a concise and policy-relevant overview of health and health systems in the EU/European Economic area, emphasizing the particular characteristics and challenges in each country against a backdrop of cross-country comparisons.




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Uruguay IP Addresses

IP Addresses in Uruguay increased to 959629 IP in the first quarter of 2017 from 846123 IP in the fourth quarter of 2016. IP Addresses in Uruguay averaged 551610.03 IP from 2007 until 2017, reaching an all time high of 1002106 IP in the second quarter of 2015 and a record low of 117262 IP in the third quarter of 2007. This page includes a chart with historical data for UruguayIP Addresses.




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Ease of Doing Business in Uruguay

Uruguay is ranked 101 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Uruguay deteriorated to 101 in 2019 from 95 in 2018. Ease of Doing Business in Uruguay averaged 95.83 from 2008 until 2019, reaching an all time high of 114 in 2009 and a record low of 85 in 2012. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Uruguay.




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Uruguay Coronavirus Cases

Uruguay recorded 694 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Uruguay reported 18 Coronavirus Deaths. This page includes a chart with historical data for Uruguay Coronavirus Cases.




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United Kingdom Public Sector Net Borrowing

Government Debt in the United Kingdom decreased to -2325 GBP Million in March from -65 GBP Million in February of 2020. Government Debt in the United Kingdom averaged -4293.61 GBP Million from 1993 until 2020, reaching an all time high of 12509 GBP Million in January of 2019 and a record low of -21052 GBP Million in April of 2012. In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities. This page provides the latest reported value for - United Kingdom Public Sector Net Borrowing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Morocco IP Addresses

IP Addresses in Morocco increased to 3732705 IP in the first quarter of 2017 from 3547224 IP in the fourth quarter of 2016. IP Addresses in Morocco averaged 1315813.92 IP from 2007 until 2017, reaching an all time high of 3732705 IP in the first quarter of 2017 and a record low of 214821 IP in the third quarter of 2007. This page includes a chart with historical data for MoroccoIP Addresses.




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Morocco Coronavirus Cases

Morocco recorded 5873 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Morocco reported 185 Coronavirus Deaths. This page includes a chart with historical data for Morocco Coronavirus Cases.




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G20 Leaders Summit: Financial Regulation Session

At this Financial Regulation Session of the G20 Leaders Summit, M. Gurría spoke of 'a comprehensive reform of the international financial architecture that should include financial inclusion, protection and education'.




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High-level seminar on capital flow management and liberalisation: the role of international co-operation

This seminar aimed to advance shared understandings on policies to make the most of cross-border capital flows in support of growth and development and on the value of international co-operation, including the OECD Codes of Liberalisation, in the current context of serious global financial turbulence.




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G20 ministers welcome OECD disaster risk assessment and financing framework

G20 Finance Ministers have welcomed a new OECD/G20 framework designed to help governments develop financial strategies for disaster risk management.




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Towards green investment policy framework: The Case of Low-Carbon, Climate-Resilient Infrastructure - Environment Working Paper No. 48

This report advances a “green investment policy framework” taking infrastructure investment as a starting point and looking only at climate change mitigation and adaptation. It highlights the significant opportunities and many challenges that exist today in both developed and developing countries to transition to low-carbon, climate-resilient (LCR) development through investment in both renovated and in new infrastructure.




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Efficient Public Sectors for Better Governance

OECD Secretary-General Angel Gurría opens the Global Forum on Better Governance for Inclusive Growth held in Paris. The Forum will focus on public sector reforms worldwide and identify lessons learned, good practices and innovative solutions for advancing the governance reforms necessary to foster inclusive growth.




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OECD government borrowing set to rise slightly in 2013

The gross borrowing needs of OECD governments are projected to increase slightly to around USD 10.9 trillion in 2013, up from the already high level of USD 10.8 trillion in 2012, according to a new OECD report.




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Statement to the German Bundestag's Finance Committee Hearing on the Draft Bank-Separation Law

This statement by Adrian Blundell-Wignall and Paul Atkinson was presented to the German Bundestag's Finance Committee Hearing on the Draft Bank-Separation Law (Drucksache 17/12601) on 22 April 2013.




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Structural reform and supervision of the banking sector in France

The crisis has shown that there is no such thing as an optimal banking structure or model. The Liikanen report highlighted excessive risk taking and excessive reliance on short-term funding not matched with adequate capital protection. The French reform of the banking sector builds on this insight as well as the agreement reached by the Basel Committee on Banking Supervision and the European CRD 4 to foster financial stability.




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G20-World Bank-OECD conference on empowering consumers of financial products and services

This conference in Moscow explored strategies for developing financial literacy and capability and building effective consumer protection systems.




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Assessing the cost effectiveness of index-linked bond issuance

Sovereign index-linked bond issuance has grown significantly since the early 1980s and index-linked bonds have become a widely accepted part of the set of instruments that sovereign debt managers use for funding purposes. This paper sets out a methodology for assessing their cost effectiveness relative to other financing options, using UK examples for illustration.




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OECD Insurance Statistics: Database and publication

This database and book provide major official insurance statistics for all OECD countries including data on premiums collected, claims, commissions by type of insurance, investments by type of investment, and numbers of companies and employees.




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APEC/OECD Seminar on Infrastructure Financing

This seminar took place in Palembang, Indonesia, with discussions focusing on institutional investors and long-term financing and policy measures and initiatives to address constraints to infrastructure investment identified by APEC under the Indonesian presidency.




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OECD-Latin America Seminar on enhancing transparency and monitoring of insurance markets

This regional seminar in Montevideo, Uruguay, focused on the monitoring and transparency of insurance markets in Latin America through the provision of sound insurance statistics and indicators, regionally and globally.




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Women and Financial Education: Evidence, Policy Responses and Guidance

This book addresses gender differences in financial literacy and reviews policy responses and initiatives across the world to tackle women’s and girls’ needs, drawing lessons from existing experiences.




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Bank Business Models and the Separation Issue

The bank regulator's paradox is that large, complex and interconnected banks need very little capital in the good times, but they can never have enough in an extreme crisis. Separation is required to deal with this problem, which derives mainly from counterparty risk. This paper outlines the OECD’s separation proposal and also compares it to current national approaches to separation.




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Bank Business Models and the Basel System: Complexity and Interconnectedness

The main hallmarks of the global financial crisis were too-big-to-fail institutions taking on too much risk with other people’s money: excess leverage and default pressure resulting from contagion and counterparty risk. This paper looks at whether the Basel III reforms address these issues effectively and proposes improvements to the current reform proposals.




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Sovereign borrowing set to fall in 2014, says OECD

Borrowing operations by OECD governments are set to decrease, as their borrowing needs continue to decline, according to a new OECD report. Net borrowing needs are projected to fall from USD 2.0 trillion in 2013 to USD 1.5 trillion in 2014, the lowest level since 2007.




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Pooling of Institutional Investors Capital – Selected Case Studies in unlisted equity infrastructure

This G20 report looks at the evolution of private institutional investment in infrastructure and examines how the market has developed; analyses various investment vehicles with a snapshot of the growth experienced in the market; categorises methods used for investing in infrastructure; and, highlights the challenges and barriers to investment.




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APEC/OECD Seminar on long-term and stable financing

This seminar took place in Dalian, China, with discussions focusing on institutional investors and long-term financing and policy measures and initiatives to address constraints to infrastructure investment identified by APEC under the Chinese presidency.




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Launch of the OECD PISA financial literacy assessment of students

The results of the first international assessment of 15-year-old students’ financial literacy competencies were presented in Paris on 9 July 2014.




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Policy responses to the issue of implicit bank debt guarantees: OECD survey results

Bank regulatory reform measures are expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. These survey results, covering 35 countries, show that no single policy is considered capable of fully eliminating the market perception that bank debt is “special”. A mixture of different and complementary measures is seen to hold greater promise.




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Non-bank debt financing for SMEs: The role of securitisation, private placements and bonds

This article summarises discussions from an OECD Financial Roundtable on reducing bank dependence in financing small-and medium-sized enterprises (SMEs) and non-bank debt financing alternatives.




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OECD/Thailand Seminar on Financial Inclusion and Financial Literacy in Asia

This seminar addressed cutting-edge policy issues and research ideas to promote financial inclusion and financial literacy in Asia, notably: national strategies for financial education; financial education and consumer protection; measuring financial literacy; and, financial literacy for micro-entrepreneurs and SMEs.




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Infrastructure versus other investments in the global economy and stagnation hypotheses: What do company data tell us?

“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.




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Mr. Angel Gurría, Secretary-General of the OECD, in Athens on 10-11 February 2015

Mr. Angel Gurría, Secretary-General of the OECD, was in Athens on 10-11 February 2015 on an official visit to Greece.




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Unlocking SME finance through market-based debt

Small and medium-sized enterprises (SMEs) are key contributors to economic growth and job creation. The current economic and financial crisis has reduced bank lending and has affected SMEs in particular. Capital markets will have to play a bigger role in financing SMEs in order to make them more resilient to financial shocks. This article reviews the spectrum of alternative market-based debt instruments for SME financing.




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The OECD's approach to capital flow management measures used with a macro-prudential intent

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.




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3rd Global Policy Research Symposium to Advance Financial Literacy

The 2015 OECD-GFLEC symposium is addressing financial literacy for micro, small and medium-sized enterprises and harnessing financial education to spur entrepreneurship and innovation.




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Pension funds’ assets in 2014 top USD 25 trillion in OECD countries

In this issue of "Pension Funds in Figures", preliminary data and early estimates for 2014 show that pension funds’ assets exceeded USD 25 trillion in OECD countries. The largest increases are found in Estonia, Korea, Luxembourg and Turkey, where pension funds’ assets rose by more than 20% compared to...