IMF demands removal of Chamber of Commerce from financial oversight
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The International Monetary Fund has told the finance ministry that the national financial oversight system needs a restructuring, starting with the removal of the Chamber of Commerce. The demand arrives alongside a forecast of modest growth and high inflation for the domestic economy.
The coalition is already at odds over a package tax that the junior partners want to abolish and the senior partners are merely open to discussing. Elsewhere, the city of Vienna has admitted that 173 of its 408 compulsory schools have no heat protection, an oversight that has drawn sharp criticism from the opposition.
Energy markets are currently a study in contradiction. While OMV reports record profits from high oil prices and e-car registrations have jumped 80 percent, new network tariffs will penalize those who use high amounts of power simultaneously. A plan for mega-battery storage exists, but regulators are currently hesitating over the grid fees.