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Hans Jörg Schelling
Johann Georg "Hans Jörg" Schelling (; born 27 December 1953) is an Austrian entrepreneur and politician of the Austrian People's Party and who served as Minister of Finance of Austria in the governments of chancellors Werner Faymann and Christian Kern. Early career A native of Vorarlberg in western Austria, Schelling was a millionaire management consultant before entering politics. Over the course of his career, he made a fortune by building two separate home-furnishing chains into market leaders. Political career During his time in office as Minister of Finance, Schelling was in charge of managing the fallout of the 2008 financial crisis. In 2016, he closed FIMBAG, the agency it set up in 2008 during the crisis to oversee state aid granted to troubled lenders. He successfully pushed through legislation paving the way for the government to reach settlements with the creditors of defunct bank Hypo Alpe Adria and remove a millstone from the country's public finances. Unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Finance (Austria)
The Ministry of Finance () is the government ministry of Austria responsible for the collection of taxes and customs as well as the administration of fiscal and economic policy. It oversees the Revenue Service, the Revenue Service for Large Businesses, the Financial Police, and various other agencies. It is headquartered in the Winter Palace of Prince Eugene, Vienna. The current Minister is Markus Marterbauer. Structure and function The Ministry is responsible for revenue administration at the federal level, including the government budget, matters of finance concerning the European Union, taxes, duties and tariffs. It defines and conducts the country's budgetary policy concerning currency, credit, savings banks ( Sparkassen) and exchange matters, capital movements and settlement, insurance control and hallmarks. It is also concerned with economic policy, if not discharged by the Ministry of Economy. The Finance Minister and the General Secretary chair six departments ('' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trend (magazine)
''Trend'' (stylized in all lowercase) is an Austrian weekly business magazine headquartered in Vienna. Founded in 1969, the magazine is one of the oldest publications in its category in the country. History and profile ''Trend'' was established in Vienna in 1969 by Oscar Bronner, being the first independent business magazine in Austria. In 1974, ''Trend'' was sold to the Verlagsgruppe NEWS. The magazine was published monthly with a size of 210 x 280 mm. It targets senior executives, entrepreneurs, and decision-makers, as well as Austria's intelligentsia. They are among the pioneers of investigative journalism in the country and publishes a list of Best Workplaces in Austria. In December 2015, ''Trend'' merged with its sister magazine, '' Format''. Its frequency also was switched to weekly on 22 January 2016. Circulation ''Trend'' had a circulation of 72,000 copies in mid 1980s. The monthly magazine sold 68,000 copies in 2003. Its circulation was 50,000 copies in 2007. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 Births
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Yugoslavia. ** The CIA-sponsored Robertson Panel first meets to discuss the UFO phenomenon. * January 15 ** Georg Dertinger, foreign minister of East Germany, is arrested for spying. ** British security forces in West Germany arrest 7 members of the Naumann Circle, a clandestine Neo-Nazi organization. * January 19 – 71.1% of all television sets in the United States are tuned into '' I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record is never broken. * January 24 ** Mau Mau Uprising: Rebels in Kenya kill the Ruck family (father, mother, and six-year-old son). ** Leader of East Germany Walter Ulbricht announces that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Austria)
The Ministry of Finance () is the government ministry of Austria responsible for the collection of taxes and customs as well as the administration of fiscal and economic policy. It oversees the Revenue Service, the Revenue Service for Large Businesses, the Financial Police, and various other agencies. It is headquartered in the Winter Palace of Prince Eugene, Vienna. The current Minister is Markus Marterbauer. Structure and function The Ministry is responsible for revenue administration at the federal level, including the government budget, matters of finance concerning the European Union, taxes, duties and tariffs. It defines and conducts the country's budgetary policy concerning currency, credit, savings banks ( Sparkassen) and exchange matters, capital movements and settlement, insurance control and hallmarks. It is also concerned with economic policy, if not discharged by the Ministry of Economy. The Finance Minister and the General Secretary chair six departments (''Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C., in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations have been established over time: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries. MIGA is owned and governed by its member states, but has its own executive leadership and staff which carry out its daily operations. Its shareholders are member governments that provide paid-in capital and have the right to vote on its matters. It insures long-term debt and equity investments as well as other assets and contracts with long-term periods. The agency is assessed by the World Bank's Independent Evaluation Group each year. History In Septembe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countries of Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic, social, and institutional development and regional integration by lending to governments and sub-national agencies, developing new financial tools, creating enabling conditions for private-sector-led growth, convening and aligning countries around common interests, and bridging the region with the rest of the world. The IDB also provides extensive technical assistance to its borrowing member countries. It works across a range of sectors, including infrastructure, health, education, energy, citizen security, environmental sustainability, trade, transportation, housing, and small businesses. It works in conjunction with IDB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 75 countries and two European Union institutions, the newest shareholder being Nigeria since February 2025. Despite its public sector shareholders, it invests in private ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral development institution. Headquartered in Beijing, China, the bank currently has 110 members, including 12 prospective members from around the world. The breakdown of the 110 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 10 in Oceania, 8 in South America, and 2 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was established on 19 December 1966 and admits the members of the UN Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE), and non-regional developed countries. Starting with 31 members at its establishment, by 2019 ADB had 69 members. The ADB was modeled closely on the World Bank and has a similar weighted voting system, where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget, and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions located in 10 countries within the Region. After comple ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
