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Austria Presse Agentur
The Austria Press Agency (, APA) is the national news agency and the leading information provider in Austria. It is owned by Austrian newspapers and the national broadcaster ORF. Legal case In 1994, prior to Austria's accession to the European Union, the Austrian government contracted with APA under an indefinite term agreement for the supply of press-related services. The contract was subsequently amended, transferring the contract from APA to a wholly-owned subsidiary, APA-OTS, converting the cost to Euros, adjusting the price, and revising the contract's price indexation clause. A rival business, ''pressetext Nachrichtenagentur GmbH'', challenged the amendments, arguing that they constituted the award of a new contract which should have been procured competitively under the legal regime for procurement which applied to Austria after it joined the EU. The issues were referred by the Austrian Bundesvergabeamt (Federal Procurement Office) to the European Court of Justice, w ...
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News Media
The news media or news industry are forms of mass media that focus on delivering news to the general public. These include News agency, news agencies, newspapers, news magazines, News broadcasting, news channels etc. History Some of the first news circulations occurred in Renaissance Europe. These handwritten newsletters, circulated among merchants, contained news about wars, economic conditions, and social customs. Newsletters were very scarce and no two were the same as they were all hand written, until the invention of the printing press by Johannes Gutenberg in 1440. With movable type and ink, newspapers were now able to be mass produced for cheap. The first printed news appeared by the late 1400s in German pamphlets, which contained content that was often highly sensationalized. The first newspaper written in English was ''The Weekly News,'' published in London in 1621. Several papers followed in the 1640s and 1650s. In 1690, the first American newspaper was published by ...
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Vienna
Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. Its larger metropolitan area has a population of nearly 2.9 million, representing nearly one-third of the country's population. Vienna is the Culture of Austria, cultural, Economy of Austria, economic, and Politics of Austria, political center of the country, the List of cities in the European Union by population within city limits, fifth-largest city by population in the European Union, and the most-populous of the List of cities and towns on the river Danube, cities on the river Danube. The city lies on the eastern edge of the Vienna Woods (''Wienerwald''), the northeasternmost foothills of the Alps, that separate Vienna from the more western parts of Austria, at the transition to the Pannonian Basin. It sits on the Danube, and is ...
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Austria
Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Austria, most populous city and state. Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has Austrians, a population of around 9 million. The area of today's Austria has been inhabited since at least the Paleolithic, Paleolithic period. Around 400 BC, it was inhabited by the Celts and then annexed by the Roman Empire, Romans in the late 1st century BC. Christianization in the region began in the 4th and 5th centuries, during the late Western Roman Empire, Roman period, followed by the arrival of numerous Germanic tribes during the Migration Period. A ...
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ORF (broadcaster)
(ORF ; , ) is the national public broadcaster of Austria. Funded from a combination of television licence fee revenue and limited on-air advertising, ORF is the dominant player in the Austrian broadcast media. Austria was the last country in continental Europe after Albania to allow nationwide private television broadcasting, although commercial TV channels from neighbouring Germany have been present in Austria on Pay television, pay-TV and via Signal overspill, terrestrial overspill since the 1980s. History of broadcasting in Austria The first unregulated test transmissions in Austria began on 1 April 1923 by Radio Hekaphon, run by the radio pioneer and enthusiast (1887–1958), who applied for a radio licence in 1921; first in his telephone factory in the Brigittenau district of Vienna, later in the nearby TGM technical college. On 2 September, it aired a first broadcast address by Austrian President Michael Hainisch (1858–1940). One year later, a powerful transmitte ...
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News Agency
A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines and All-news radio, radio and News broadcasting, television Broadcasting, broadcasters. A news agency may also be referred to as a wire service, newswire, or news service. Although there are many news agencies around the world, three global news agencies, Agence France-Presse (AFP), the Associated Press (AP), and Reuters have offices in most countries of the world, cover all areas of media, and provide the majority of international news printed by the world's newspapers. All three began with and continue to operate on a basic philosophy of providing a single objective news feed to all subscribers. Jonathan Fenby explains the philosophy: To achieve such wide acceptability, the agencies avoid overt partiality. Demonstrably correct information is their stock in trade. Traditionally, they report at a reduced level of responsibility, attributing ...
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1995 Enlargement Of The European Union
The 1995 enlargement of the European Union saw Austria, Finland, and Sweden Enlargement of the European Union, accede to the European Union (EU). This was the EU's fourth enlargement and came into effect on 1 January of that year. It is also known as the EFTA Enlargement round. All these states were previous members of the European Free Trade Association (EFTA) and had traditionally been less interested in joining the EU than other European countries. Norway had negotiated to join alongside the other three, but following the signing of the treaty, membership was turned down by the Norwegian electorate in the 1994 Norwegian European Union membership referendum, 1994 national referendum. Switzerland also applied for membership on 26 May 1992, but withdrew it after a negative referendum result on 6 December 1992 (and that was not changed after a second negative referendum result on 4 March 2001). Closer links The three states, p ...
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Austrian Government
The Government of Austria () is the executive cabinet of the Republic of Austria. It consists of the chancellor, who is the head of government, the vice chancellor and the ministers. Appointment Since the 1929 reform of the Austrian Constitution, all members of the Federal Government are appointed by the Austrian Federal President. As the Federal Government must maintain the confidence of parliament, the President must generally abide by the will of that body in his or her appointments. In practice, the leader of the strongest political party, who ran as a "chancellor candidate" in a parliamentary election, is usually asked to become Federal Chancellor, though there have been some exceptions. Ministers are proposed for nomination by the Chancellor, though the President is permitted to withhold his or her approval. Likewise, the President may dismiss the Chancellor and/or the whole government at any time. If this occurs, a new government must then be formed by the partie ...
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Government Procurement
Government procurement or public procurement is the purchase of goods, works (construction) or services by the state, such as by a government agency or a state-owned enterprise. In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. In 2021 the World Bank Group estimated that public procurement made up about 15% of global GDP. Therefore, government procurement accounts for a substantial part of the global economy. Public procurement is based on the idea that governments should direct their society while giving the private sector the freedom to decide the best practices to produce the desired goods and services. One benefit of public procurement is its ability to cultivate innovation and economic growth. The public sector picks the most capable nonprofit or for-profit organizations available to issue the desired good or service to the taxpayers. This produces competition within the private sector to gain these contracts that then reward the organizat ...
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Wholly-owned Subsidiary
A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different fields. More focused compa ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Indexation
Indexation is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflation, while deindexation is the unwinding of indexation. It is often used to make sure regular payments, such as Pension, pension payments keep pace with inflation, so that they have the same value in real terms over time. Overview From a macroeconomics standpoint there are four main categories of indexation: # wage indexation, # financial instruments rate indexation, # tax rate indexation, and # exchange rate indexation. The first three are indexed to inflation. The last one is typically indexed to a foreign currency, mainly the US dollar. Any of these different types of indexation can be reversed (deindexation). Applying a cost-of-living escalation Cost-of-living index, COLA clause to a stream of periodic payments protects the real value of those payments and effectively transfers the risk of inflation from the payee to the payor ...
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European Court Of Justice
The European Court of Justice (ECJ), officially the Court of Justice (), is the supreme court of the European Union in matters of European Union law. As a part of the Court of Justice of the European Union, it is tasked with interpreting EU law and ensuring its uniform application across all EU member states under Article 263 of the Treaty of the Functioning of the European Union (TFEU). The Court was established in 1952, and is based in Luxembourg. It is composed of one judge per Member State – currently – although it normally hears cases in panels of three, five or fifteen judges. The Court has been led by president Koen Lenaerts since 2015. The ECJ is the highest court of the European Union in matters of Union law, but not national law. It is not possible to appeal against the decisions of national courts in the ECJ, but rather national courts refer questions of EU law to the ECJ. However, it is ultimately for the national court to apply the resulting interpre ...
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