Carinthia travel guide - Wikitravel Understand[ edit ] Carinthia is possibly the most autonomous state in Austria (with the possible exception of Tyrol). Older than Austria itself, it has always been fairly isolated from its surroundings by its geography. Carinthians are rooted and proud, but also have a reputation for being more warm-hearted than the rest of Austrians. There are several explanation where the name Carinthia comes from. One explanation says it is derived from the Celtic word Carant which means friend. Another explanation claims that the name comes from the Celtic word karanto which means stone. Carinthia is quite a mountainous area, sandwiched by the Alps in the north and the Karawanken in the south. It shares a border with both Italy and Slovenia. By air[ edit ] Kärnten has one international airport located in Klagenfurt . You can reach this airport from Vienna . International flights arrive from Berlin , Hamburg and Cologne (Köln) . By train[ edit ] Villach is a railway gateway to all parts of Austria, therefore it's easy to get to Kärnten from all major cities in Austria. Trains from Vienna and Graz arrive approximately every two hours.

By car[ edit ] Take the Südautobahn (A2/motorway) if your travelling from Styria or Vienna . If you are arriving from Salzburg take the Tauernautobahn (A10/motorway,toll). By car[ edit ] Driving by car is definitely the easiest way to get around. Be prepared that apart from the main routes mountain roads can be especially tricky for those who are not used to driving on them. This is especially true in winter. Do[ edit ][ add listing ] Kärnten is known for its ski resorts as well for its scenic lakes and mountains (hiking, climbing). If you are traveling in summer try out one of these lakes: Wörthersee - Austria's biggest lake, a popular resort for German tourists and the location for various German and Austrian film and TV-series productions. Prices tend to be higher than elsewhere in Carinthia due to its importance to tourism. Faakersee - A small lake close to Villach . Ossiachersee - located in the north-east of Villach . Millstättersee - located in the east of Spittal .

Weißensee - the highest-altitude swimming lake in the Alps (930m above sea level) with crystal clear water, beautifully situated in a fjord-like valley. Skiing resorts include Nassfeld at the Italian border, Turrach at the border with Styria, Flachau and Katschberg both bordering Salzburg. Skiing is a bit cheaper than in Tirol and Vorarlberg . Carinthian cuisine is closely related to Italian cuisine and therefore known for all types of noodles. Specialities are Kletzennudel - sweet noodles filled with dried pears Kasnudel - Noodles filled with a mixture of potatoes, curd cheese and fresh herbs (such as black spearmint) and served with hot butter. The exact recipe varys throughout Carinthia as every cook has his own special secret for preparing these noodles. Glundner Kas - cooked cheese made of caraway, butter and mature curd cheese. Reindling - a type of cake made of yeast dough filled with raisins, sugar and cinnamon. Baked mainly during the Easter holidays. Stay safe[ edit ] Like the rest of Austria, Carinthia is a very safe place.

The usual precautions when travelling are usually enough. Get out[ edit ] The Soca / Isonzo valley in Slovenia is about an hour's drive from Klagefurt and Villach over the Predil mountain pass. Its deep limestone gorges offer a spectacular scenery and its emerald-coloured rivers are famed for some of the best kayaking and white whater rafting in Europe. Since the Soca valley is actually easier to reach from Villach and Klagenfurt than Ljubliana (Slovenia's capital) it's well worth a day trip if you're hanging around Carinthia for longer. Head for the town Bovec , the touristic centre of the Soca valley. If you are in Villach take a trip to Tarvis in Italy (it is about 30min by car) which is a popular place to eat and shop for Carinthians. East Tyrol , the province neighbouring Carinthia to the West, is an alpinist's paradise. The capital Lienz can be conveniently be reached by train or car.

A Black Swan Lands In Southern Austria: The Ripple Effects Of "Mini-Greece Going Off In The Heartland Of Europe" | Zero Hedge Russia is a 3rd World Country - 13 SECRET FACTS EXPOSED by globalintelhub - Dec 17, 2016 8:58 PM Russia is a 3rd world country with Nuclear Weapons. Don't worry about them being a threat to your home network anytime soon. They aren't hacking US elections. They have serious problems to solve first.

A Black Swan Lands In Southern Austria: The Ripple Effects Of "Mini-Greece Going Off In The Heartland Of Europe" Mar 8, 2015 10:48 PM 0 SHARES By far the most notable news of the past week, which has still gone largely unnoticed by the greater investing community whose focus instead was on whether algos would ramp the Nasdaq to 5000, and keep the S&P above 2100, even before Mario Draghi finally began buying bonds that nobody wants to sell, was the "Spectacular Development" In Austria , whereby the "bad bank" of failed Hypo Alpe Adria - the Heta Asset Resolution AG - itself went from good to bad, with its creditors forced into an involuntary "bail-in" following the "discovery" of a $8.5 billion capital hole in its balance sheet primarily related to ongoing deterioration in central and eastern European economies. This shocking announcement promptly sent the price of Heta bonds crashing as creditors, no longer enjoying the explicit guarantee of the state, scrambled to get out of "northern Europe's" first Lehman moment.

But while the acute pain came and went for Heta bondholders who have seen a nearly 50% loss in just a few short months, the bigger and far more diffuse pain is only just starting, or as Bloomberg put it, "Austria’s decision to wind down Heta Asset Resolution AG sent ripples through the financial system, causing credit rating downgrades in Austria and bank losses in Germany." The first casualty: the beautifully picturesque southern Austrian province of Carinthia. Why and how was one of the 9 Austrian provinces just sacrificed? Telegraph explains: [The Heta] bonds are notionally guaranteed by the Austrian state of Carinthia, which now theoretically becomes liable for the bail-in. It’s an echo of the mess Ireland got itself into at the height of the banking crisis, when it foolishly attempted to stem the panic by underwriting all Irish banking liabilities; the move very nearly ended up bankrupting the entire country. Hypo will bankrupt Carinthia. Essentially, what the Austrian government is doing is cutting loose an entire region, rather in the way the federal authorities in the US allowed Detroit to go bust a number of years ago. It’s a mini-Greece going off in the heartlands of Europe.

Specifically, to quantify the Carinthian exposure vis-a-vis its guarantee which will now be put in play: Carinthia provides deficiency guarantee on Heta's senior debt: the total is equivalent to €10.2 billion, or nearly five times the state's 2014 operating revenue. Carinthia's budgeted revenue in 2015 is just €2.36 billion, and as such the southern province of 556,000 would be unable to honor the guarantees if they came due now or in a year’s time, Governor Peter Kaiser told Austrian radio ORF on Tuesday. In other words, we now have a waterfall bailout chain whereby the state guaranteeing the debt of the insolvent entity that guaranteed yet another insolvent entity, will itself need to be bailed out by the sovereign, Austria! Or perhaps not: Finance Minister Hans Joerg Schelling has said repeatedly that the Austrian government isn’t liable to cover Carinthia’s guarantees. This is also why late on Friday, Moody's downgrades the State of Carinthia's rating to Baa3 from A2 (outlook to negative from stable).

This is what the rating agency said: The rating action follows the decision of the Austrian Financial Market Authority (FMA) on 1 March 2015 to initiate resolution measures on Heta Asset Resolution AG (wind-down entity of former Hypo-Alpe-Adria), in accordance with the Federal Banking Restructuring and Resolution Act (BaSAG). BaSAG is the national implementation law of the European Bank Recovery and Resolution Directive (BRRD), effective since 1 January 2015. The FMA also imposed a temporary payment moratorium on Heta's liabilities until 31 May 2016. This follows the disclosure of Heta's recent asset review by external auditors, which indicated an additional shortfall of assets of up to EUR7.6 billion, compared to the EUR4 billion expected before. Carinthia provides a statutory deficiency guarantee on a very high portion of Heta's senior debt; the total guarantees are equivalent to nearly EUR10.2 billion, or nearly five times the state's 2014 operating revenue.

In addition, Carinthia provides a statutory deficiency guarantee to Pfandbriefbank (Oesterreich) AG (A2, RUR) of which about EUR1.2 billion is related to Heta as of year-end 2014. The downgrade reflects an increased susceptibility to event risks, including litigation from Heta's bondholders and further actions by the FMA, and greater than anticipated shortfalls of Heta's assets. All these factors could lead to a crystallization of a significant portion of Carinthia's guaranteed debt. This amount could exceed Carinthia's liquidity resources, likely lead to increased financial leverage and could require some form of extraordinary central government support. We understand that there is a likelihood that the deficiency guarantee could not be enforced upon a full or partial cancellation of bailed-in debt under BaSAG, because of the guarantee's accessory nature. However, we see an increased uncertainty regarding further resolution actions. Additionally, uncertainty could result from the legal risk associated with different contractual provisions of Heta-bonds. Whether or not the Telegraph is right remains to be seen, and the otherwise beautiful province of Carinthia is now insolvent remains to be seen, but the bigger problem is that the Heta fallout does not stop there.

As Bloomberg reports , "among Heta’s liabilities affected by the moratorium and a future bail-in are 1.24 billion euros Heta owes to Pfandbriefbank Oesterreich AG, which issues bonds on behalf of Austrian provincial banks." Moody’s said it may cut Pfandbriefbank’s A2 rating as well as the ratings of two of its biggest member banks, Hypo Tirol Bank AG and Vorarlberger Landes- und Hypothekenbank AG, owned by the western Austrian provinces of Tyrol and Vorarlberg, respectively. A2 is the sixth-lowest investment grade rating at Moody’s. Below are all the Pfandbriefbank members, all of which will now suffer and require further capital injections in some capacity: Some additional color from Barclays: The main purpose of the exclusion of secured liabilities from the application of the bail-in tool is to prevent contagion. Indeed, there are a number of contagion channels when treating the guaranteed liabilities of HETAR not as secured liabilities. First, the securities benefiting from the deficiency guarantee of Carinthia are also regarded as eligible collateral for a wide range of public sector covered bonds across the EU, including Austria, Germany, Luxembourg and France.

As of 30 September 2014, Austrian banks had a total of €2.7bn of exposure to Carinthia, which partially consisted of exposure to HETAR. Furthermore, Pfandbriefbank (Österreich) AG (PFBKOS), the universal legal successor of Pfandbriefstelle der österreichischen Landes-Hypothekenbanken, has €1.2bn of Carinthia guaranteed claims against HETAR. These claims were explicitly made subject to the moratorium. According to article 2 of the Austrian Pfandbriefstelle law, the member banks of PFBKOS are jointly and severally liable for the debt of PFBKOS. Thus, irrespective of the future of PFBKOS, there is an incentive for the member banks to jointly step in for missing payments from HETAR, as otherwise debt holders of PFBKOS bonds could claim payment from any of the member banks individually. Notably, the FMA decided to exclude public sector Pfandbriefe issued by HETAR from the moratorium, indicating a degree of concern about contagion risk.

We believe that the inclusion of guaranteed HETAR securities in the application of the bail-in measures adds to contagion risk, as demonstrated by the PFBKOS example. Second, a number of Austrian banks, including HYPO NOE Gruppe Bank AG and Vorarlberger Landes- und Hypothekenbank AG reported in their annual accounts for 2013 that they had direct exposure to HAA. At this point in time no write-downs were made as reference was made to the “value of the guarantee given by the state of Carinthia”, as well as the fact that there has been no “statutory procedure allowing a territorial authority to declare insolvency”. When announcing the moratorium, FMA explicitly expressed doubts about the value of the respective guarantees. Furthermore, this week Austrian Finance Minister Schilling, in an interview with Austrian state radio, ORF, was quoted as saying that “many have been saying that one should have known that a province like Carinthia can’t guarantee for debts of that size”. Thus, it appears very likely that Austrian banks will have to provision for claims they hold against HETAR and which were now made subject to the moratorium.

Third, according to article 115(2) of the EU’s Capital Requirements Regulation (CRR), claims benefiting from the deficiency guarantee of an Austrian sub-sovereign can be treated as an exposure to the central government. The respective list of the European Banking Authority contains all nine Austrian regional governments, as well as more than 2,300 local authorities. Based on this rule, EU banks are allowed to apply a 0% risk-weighting to these exposures. In combination with article 10 of the EU’s delegated act on the Liquidity Coverage Ratio, they are also allowed to treat these assets as “extremely high quality liquid assets” under the level 1 bucket of their liquidity buffer portfolios. Finally, solvency 2 rules foresee that debt issued by Austrian regions could be treated by EU based insurance companies and pension funds similarly to debt issued by the Austrian central government with a 0% capital charge.

Irony #1: the very same bonds that are about to lead to a waterfall in impairments are the ones that were, according to EU regulations, "riskless." One can only imagine how much latent risk Europe's bank have as a result of the supremely idiotic decision to keep a major subsection of European debt as 0% RWA. That may work as long as the ECB backstops everything, but the second Mario Draghi ends QE, does everything implode under its own weight? And then there is the question, how much more maximum pain could there be in Austria. Barclays responds again" As of year-end 2013, there were about €60bn of claims guaranteed by Austrian regions. We estimate about €50-55bn of such claims were still outstanding as of year-end 2014. In particular, we note that as of year-end 2012, the guarantee commitments of six out of nine Austrian regions exceeded the total annual income.

The full breakdown of who guarantees what in Austria: And then, once the impairment wave of the latest European insolvency shocker is done with Austria - a wave which nobody expected at all, and it thus a legitimate Black Swan - it will flow over into Germany. From Bloomberg: German banks yesterday also emerged as major Heta bondholders. Dexia’s Dexia Kommunalbank Deutschland AG said it owns 395 million euros of Heta bonds and will take an unspecified charge in the first quarter. Deutsche Pfandbriefbank AG also owns 395 million euros of Heta bonds and said it will write them down by 120 million euros, cutting its expected pretax profit by two-thirds. NRW Bank confirmed it owned Heta bonds, declining to specify the size of its exposure. WDR TV station reported the bank owns 276 million euros of them.

Irony #2, and the biggest one of all: while German banks had spent the past 3 years preparing for the inevitable Grexit and offloading all their exposure to the now insolvent Greek state, it was a waterfall chain of events which started in Germany's own "back yard", courtesy of auditors who decided it was unnecessary to mark losses to market until it was far too late, and the immediate outcome is that one ninth of until recently Aaa/AAA-rated Austria is now also insolvent. And that is just the beginning. One can only imagine how many such other "0% risk-weighted" Pandora boxes lie in wait across what are otherwise considered Europe's safest banks, provinces and nations. Austria - Country Profile - Nations Online Project Austria, officially the Republic of Austria, is a landlocked country in East Central Europe which borders the Czech Republic , Germany , Hungary , Italy , Liechtenstein , Slovakia , Slovenia , and Switzerland . With an area of 83,871 km², Austria is somewhat smaller than Portugal (92,090 km²), or slightly smaller than the U.S. state of Maine . The country is mostly dominated in the west and south by mountains (the Alps).

Austria's highest point is Grossglockner mountain, with a height of 3,798 m (12,460 ft.). The major rivers north of the watershed of the Austrian Alps are the Inn, the Salzach, and the Enns, they are tributaries of the Danube. The rivers south of the watershed are the Gail and Drau rivers in Carinthia and the Mürz and Mur rivers. Austria has a population of nearly 8.7 million people (in 2016), capital and largest city is Vienna , with a population of 1.8 million people. Spoken language is Austrian German (official), spoken regional languages are Croatian, Hungarian, and Slovene. Austria | Österreich | Autriche Carinthia | Article about Carinthia by The Free Dictionary Carinthia | Article about Carinthia by The Free Dictionary Also found in: Dictionary , Wikipedia . Carinthia (kərĭn`thēə), Ger. Kärnten, province (1991 pop. 547,798), c.3,680 sq mi (9,531 sq km), S Austria.

Klagenfurt Klagenfurt , city (1991 pop. 89,415), capital of Carinthia prov., S Austria, on the Glan River. Situated in a mountain lake region, it is a noted winter sports center with a bustling tourist trade. ..... Click the link for more information. is the capital. Predominantly mountainous, it is the southernmost Austrian province, bordering on Italy and Slovenia in the south. The Grossglockner Grossglockner , peak, 12,460 ft (3,797 m) high, in Tyrol, S Austria, the highest point in the Hohe Tauern range and in Austria. It is traversed by the Grossglocknerstrasse (built 1930–35), a magnificent Alpine highway rising up to 7,770 ft (2,368 m). ..... Click the link for more information. , the highest point in Austria (12,460 ft/3,797 m), rises in the northeast, at the Tyrol province border.

Carinthia has mines (lead, zinc, and magnesite) and well-developed farms (especially in the fertile Drava, or Drau, plain). Manufactures of the province include electrotechnical products, shoes, paper and pulp, and chemicals. There is also an active tourist trade, particularly along the Wörther See, a lake near Klagenfurt. In 976, Carinthia, which then included Istria, Carniola, and Styria, was detached from Bavaria Bavaria , Ger. Bayern, state (1994 pop. 11,600,000), 27,239 sq mi (70,549 sq km), S Germany. Munich is the capital. The largest state of Germany, Bavaria is bordered by the Czech Republic on the east, by Austria on the southeast and south, by Baden-Württemberg on the ..... Click the link for more information. and made an independent duchy.

Acquired by Ottocar II of Bohemia in 1269, it fell to Rudolf I Rudolf I or Rudolf of Hapsburg , 1218–91, German king (1273–91), first king of the Hapsburg dynasty. Rudolf's election as king ended the interregnum (1250–73), during which time there was no accepted German king or Holy Roman emperor. ..... Click the link for more information. of Hapsburg in 1276 and in 1335 became an Austrian crown land. By the Treaty of Saint-Germain (1919) the province lost some minor territories to Italy and Yugoslavia. The only Austrian province with an appreciable ethnic minority, Carinthia has a Slovene population of approximately 2.7% in the south. Carinthia a historical region in Central Europe, in the Drava River basin. The territory of Carinthia was settled toward the end of the sixth century by the Slovenes, a Slavic people.

In the first half of the seventh century, it was part of Samo’s state; next, it became part of Carantania; and with the disintegration of the latter at the beginning of the 11th century, Carinthia was made a separate duchy. Beginning in the 12th century Carinthia was subjected to vigorous germanization as a result of which the northern part became German. After 1282 it was part of the holdings of the Count of Tirol. In 1335 it became a possession of the Hapsburgs. In 1849 it was made an independent administrative unit (crown land) of the Austrian Empire. In the second half of the 19th century the ethnic boundary of the Slovenes moved to the south. According to the terms of the Treaty of St.

Germain (1919), the greater part of Carinthia was made into one of the provinces of Austria (the Klagenfurt region was given to Austria following a plebiscite in 1920); the Mezica River valley, along with Dravograd and Jezersko, went to the Kingdom of Serbs, Croats, and Slovenes (which became Yugoslavia in 1929); and the Kanal Valley and Trbiz (Treviso) went to Italy. These territorial arrangements were confirmed by the Italian Peace Treaty of 1947 and the Austrian State Treaty of 1955. Carinthia (Kärnten), a province in southern Austria. Area, 9, 500 sq km. Population, 519, 000 (1968), one-fifth of whom are Slovenes and Croatians. The administrative center is Klagenfurt. Located in Carinthia are the northern slopes of the Carnic Alps, the Karawanken, the southern spurs of the Hohe Tauern, and other ranges of the Eastern Alps.

The peaks range in height from 3, 300 to 3, 700 m. The mountains in the southern part are composed mostly of limestones; the northern mountains, predominantly of crystalline rocks. The mountains are divided by intermontane basins such as the Klagenfurt Basin. Approximately half of the territory is covered with forests. Out of the total working population, 30 percent are engaged in industry and crafts, 19 percent in agriculture and forestry, and 12 percent in trade and transport. Magnesite is mined at Radenthein and lead-zinc ores at Bleiberg-Kreuth. Lumbering and the wood-products industry are well developed, as is the pulp and paper industry. Gailitz is an important center for nonferrous metallurgy. Dairy and meat livestock farming predominate in agriculture. Half the arable land is given over to feed crops, including grasses. There is shipping on the Drau River. The mountains attract tourists. Carinthia a state of S Austria: an independent duchy from 976 to 1276; mainly mountainous, with many lakes and resorts. Capital: Klagenfurt.

Pop.: 559 440 (2003 est.). Area: 9533 sq. km (3681 sq. miles) Eurozone faces first regional bankruptcy as debt debacle stalks Austria's Carinthia - Telegraph Economics Eurozone faces first regional bankruptcy as debt debacle stalks Austria's Carinthia Fitch has stripped Austria of its AAA rating, adding that 'within a short space of time the debt dynamics of Austria have deteriorated significantly' The 550,000-strong province on the Slovene border must fend for itself as losses spin out of control Photo: Alamy Follow The Alpine region of Carinthia faces probable bankruptcy after Austria’s central government refused to vouch for debts left by a disastrous banking expansion in eastern Europe and the Balkans. It would be the first sub-sovereign default in Europe since the Lehman Brothers crisis, comparable in some respects to the bankruptcy of California's Orange County in 1994 or the city of Detroit in 2013.

Austria’s finance minister, Jörg Schelling, said Vienna would not cover €10.2bn (£7.4bn) in bond guarantees issued by the Carinthian authorities for the failed lender Hypo Alpe Adria, or for the "Heta" resolution fund that succeeded it. This leaves the 550,000-strong province on the Slovene border to fend for itself as losses spin out of control. “The government won’t waste another euro of taxpayer money on Heta,” he said, insisting that there must be an end to moral hazard. The Hypo affair has alredy cost taxpayers €5.5bn. The Austrian state has said it will cover €1bn of its own guarantees “on the nail” but nothing more. Sources in Vienna suggested that even senior bondholders are likely to face a 50pc writedown, becoming the first victims of the eurozone’s tough new “bail-in” rules for creditors. These rules are already in force in Germany and Austria, and will be mandatory everywhere next year.

Related Articles Greece to stop privatisations as Syriza faces backlash 25 Feb 2015 “We are at a very delicate phase when Europe’s banking system switches from a bail-out regime into a much tougher bail-in regime, and Austria has just thrown this into sharp relief,” said sovereign bond strategist Nicholas Spiro. The biggest bondholders are Deutsche Bank’s DWS Investment, Pimco, Kepler-Fonds and BlackRock. The World Bank also owns €150m of Hypo debt. Austria’s banking regulators surprised markets by intervening over the weekend to wind down Heta and suspend debt payments until 2016 after discovering a further shortfall in capital of €7.6bn. The surge in the Swiss franc in January after the collapse of Switzerland’s currency floor against the euro appears to have been the last straw, setting off another wave of likely losses from eastern European mortgages denominated in francs. “This is getting bigger and bigger,” said Marc Ostwald from Monument. “They kept kicking the can down the road but it is finally catching up with them, and Heta won’t be the last. There is a whiff of the Irish situation in this story.

Carinthia stood as guarantor for debts that it could not possibly cover,” he said. There are many regions that could slide into difficulties, including Belgium's Wallonia, or the Italian region of Sicily. The Hypo bonds were underwritten in the boom years before the Lehman crisis by Austria’s populist leader Jorg Haider, then governor of Carinthia, leaving it to a subsequent social democrat team in Klagenfurt to sort out the mess. Carinthia’s governor, Peter Kaiser, said his government is not liable for the debts unless Heta is definitively declared bankrupt – as opposed to just a moratorium - and vowed to defend his region in the courts. He warned that Carinthia would face a “dramatic situation” if bankruptcy does in fact go ahead, as widely expected. Austria has not suffered any immediate fallout from Heta’s latest woes. It was able to sell five-year bonds on Tuesday at yields below zero for the first time ever as investors scramble to amass EMU sovereign debt before the European Central Bank launches quantitative easing next week. The ECB aims to buy €60bn of bonds each month, but there is already a chronic shortage of assets available on the market.

The IMF says Austria is lagging on reforms This "QE-effect" masks the underlying reality that Austria is no longer a blue-chip borrower. Fitch stripped the country of its AAA rating last month, cutting it one notch to AA+. “Within a short space of time the debt dynamics of Austria have deteriorated significantly,” it said. The agency said the debt ratio was likely to peak at 89pc of GDP this year – 15 percentage points higher than expected just 18 months ago – due to the lingering effects of the banking crisis and weak growth in nominal GDP. The various bank bail-outs have cost 11pc of GDP, twice as bad as Britain’s travails. Fitch warned that Austrian bank exposure to Russia, Ukraine and the rest of eastern Europe is €194bn, or 59pc of the country’s GDP, though part of this is acting as a conduit for investors in western Europe. William Jackson, from Capital Economics, said Austrian banks face a double squeeze as borrowers in Hungary and the Balkans struggle with both deep property slumps and a slide in their local currencies. “These foreign currency debts are a slow-burn issue. The non-performing loans emerge over time,” he said.

The International Monetary Fund said in its latest healthcheck on Austria that three large banks – Raiffeisen, Erste and Volksbanken – are vulnerable to any shocks. “Risks remain elevated. Bank profitability suffers from rising non-performing loans, risk costs and write-offs,” it said. The IMF said Austria’s reforms have largely stalled. The country has one of the highest barriers to services in Europe, the worst subsidies at 3.75pc of GDP, the highest tax share on labour at 58pc, a high rate of early retirement, and high state spending at 52pc of GDP, compared with 45pc in Germany. While Austria remains a rich and successful country, it is slithering towards the bottom of the reform league. France looks less sluggish by comparison, and Greece looks almost Thatcherite. Karnten | state, Austria | Britannica.com state, Austria Klagenfurt Kärnten, also called Carinthia, Bundesland (federal state), southern Austria , bordered by Bundesländer Salzburg (north and east) and Steiermark (Styria; north), on the south by Slovenia and Italy , and on the west by East Tirol .

Drained by the Drava (Drau), Gail, Möll, Gurk, and Lavant rivers, it occupies an area of 3,681 square miles (9,533 square km) and is predominantly Alpine but also contains the low-lying Klagenfurt basin. Parts of the geological troughs within the basin are occupied by two of the main Kärnten lakes—the Ossiacher See and the Wörther See. The Rosental (valley) is a southern trough along which the Drava flows between the Sattnitz Hills and the Karawanken Mountains. Another valley, the Lavanttal, contains a fertile basin. These areas, plus the Gurktaler Alpen, Sanalpe, Koralpe, and Karawanken ranges of the eastern Central Alps, form lower Kärnten. Upper Kärnten consists of the more mountainous western part of the province , including part of the Hohe Tauern , the upper Drava Valley, the low and well-rounded Gailtaler Alpen, the wide and swampy valley of Gailtal, and the Austrian section of the rugged Karnische Alpen (Carnic Alps).

In the Grossglockner group (northwest), Austria reaches its highest point (12,457 feet [3,797 metres]) and contains its longest glacier, the Pasterze Glacier , 6 miles (10 km) in length. There are two large lakes, Weissensee and Millstätter See. Town of Millstatt on Millstätter See, southern Austria. Joadl Learn about Kärnten (Carinthia), southern Austria. Contunico © ZDF Enterprises GmbH, Mainz The area was the core of the Celtic kingdom of Noricum , which became a Roman province in 16 bce and later was invaded by Teutonic tribes, Avars, Slavs, and Bavarians after the breakdown of Roman rule. Attached to Bavaria in the 8th century, it was further colonized by the Bavarians, who gradually assimilated most of the Slav population. In 976 Carantania (Carinthia) became a duchy in its own right, including Steiermark and the present East Tirol.

For a short time it became part of the state of Otakar II of Bohemia after the extinction of the Carinthian ducal line. It passed in 1276 to the German king Rudolf I of Habsburg, who granted it to the Count of Tirol in 1286. It returned to the Habsburgs and became a crown land in 1335. It was made a Bundesland in 1918, a status that was restored in 1945 after it had formed part of the Reichsgau Kärnten (Reich’s province) in greater Germany during the Anschluss, or incorporation of Austria into the Reich (1938–45). After World War I , 128 square miles of territory were ceded to Yugoslavia and 172 square miles to Italy. The population of Kärnten is overwhelmingly German, with a Slovene minority. The inhabitants are predominantly Roman Catholic. The chief towns are the capital, Klagenfurt , Villach , Wolfsberg, and Spittal .

Similar Topics Austria States Vienna At the beginning of the 20th century, Austria was part of the Austro-Hungarian Empire, or Austria-Hungary. This country included most or all of present-day Austria, Hungary, Czech Republic, Slovakia, Slovenia, and Croatia, about half of Romania, and parts of Southern Poland, Western Ukraine, Northern Yugoslavia, and Northern Italy. It also had administrative control of Bosnia-Herzegovina. At the end of World War I, the treaties of Saint-Germain and Trianon redrew the map of Europe, and Austria emerged looking almost exactly as it does today. During World War II, Austria was annexed by Germany, but the Allies never recognized the annexation, and at the end of the war, the status quo ante was restored. Other names of country: ISO: Codes from ISO 3166-2. FIPS: Codes from FIPS PUB 10-4. NUTS: Nomenclature of Territorial Units for Statistics.

Note: by taking the first three characters of the NUTS codes, the states can be grouped into three regions: AT1 Ostï¿½sterreich, AT2 Sï¿½dï¿½sterreich, and AT3 Westï¿½sterreich. UPU: Province codes from "Postal Addressing Systems". Conv: Conventional abbreviations used in Austria. Population: 2011-10-31 census from population registers (source [5]). Postal Codes: Austrian Postleitzahlen (postal codes, abbreviated PLZ) are four digits. With a few exceptions, the state can be deduced from the first one or two digits. The exceptions are cases where a city is served from a distribution center in a neighboring state. (a) Also 99xx for East Tyrol. Note: postal codes for Austrian addresses can be identified by prefixing them with "A-". Further subdivisions: See the Districts of Austria page. Each state is further subdivided into entities of two types: Politischer Bezirk (district) and Statutarstadt (statutory city, or urban district). (Vienna has only one such subdivision.) There are currently 99 districts.

They are further subdivided into Gemeinden (communes). Territorial extent: Vienna is completely surrounded by Lower Austria. Tyrol consists of two sections, separated by a strip of land belonging to Salzburg. The smaller part, commonly called Osttirol (East Tyrol), is equivalent to the Politischer Bezirk of Lienz. There is also a small area of Tyrol, containing the town of Jungholz, which is connected to the rest of Tyrol at only a single point. The Austrian-German border forms an X there. for Austria lists locations in the country, some of them with their latitudes and longitudes, some with their ISO 3166-2 codes for their subdivisions. This information can be put together to approximate the territorial extent of subdivisions. Origins of names: Burgenland: Named for the three Hungarian counties, known in German as Eisenburg, ï¿½denburg, and Wieselburg, which were cut up to make this state: the Land of the "-burgs." Carinthia: The inhabitants of this region were known as Carantani to the ancient Romans. Lower Austria: Area of Austria which lies downstream along the Danube.

Salzburg: German Salz: salt, Burg: castle. Salt was mined and stored here. Styria: German Steiermark from Steyr, a city name, and Old High German marcha: boundary land. Tyrol: Named for Tyrol Castle near Merano. Upper Austria: Area of Austria which lies upstream along the Danube. Vienna: Latin Vindobona from Indo-European vindo: whiteness and Celtic bona: citadel. Vorarlberg: = Before the Arlberg, a mountain (pass) which divides this state from the rest of Austria. Change history: 1918: The official names of the provinces of ï¿½sterreich ober der Enns and ï¿½sterreich unter der Enns were changed to Oberï¿½sterreich and Unterï¿½sterreich, respectively, to conform to popular usage. 1920-07-16: By the Treaty of Saint-Germain, Austria was created as a fragment of Austria-Hungary. In principle, Austria was to include the ethnic German areas of Austria-Hungary, but some of these areas were given to other countries for political reasons.

The southern part of Tyrol was given to Italy, and is now the region of Trentino-Alto Adige. (The loss of this area left Tyrol in two fragments.) The provinces of Coastland, Carniola, Dalmatia, and the southern part of Styria (6,032 sq. km.) were incorporated in the new Kingdom of Serbs, Croats, and Slovenes, which later became Yugoslavia. Carinthia lost 777 sq. km., part to Italy and part to Yugoslavia. The provinces of Bohemia, Moravia, and most of Silesia became part of Czechoslovakia. Galicia and the rest of Silesia were given to Poland. Bukowina was given to Romania. By the Treaty of Trianon, the western parts of three Hungarian counties were transferred from Hungary to Austria, forming the state of Burgenland. For other transfers of territory, see Hungary.

The capitals of the forfeited provinces, when they were part of Austria-Hungary, were Trieste (Coastland), Laibach (Carniola), Zadar (Dalmatia), Prague (Bohemia), Brunn (Moravia), Troppau (Silesia), Lemberg (Galicia), and Czernowitz (Bukowina). 1921-12-14: Part of Burgenland restored to Hungary, including the city of ï¿½denburg, now known as Sopron. 1922-01-01: Vienna split from Unterï¿½sterreich, leaving the latter without a capital. 1938-03-13: Austria was annexed by Germany in the Anschluss. The Allies never recognized the legality of this act. The German government called the Austrian territory Ostmark. Tirol and Vorarlberg were unified into a single entity called Tirol-Vorarlberg. Burgenland was entirely divided between Lower Austria and Styria. The names of Lower and Upper Austria were changed to Niederdonau and Oberdonau (Lower and Upper Danube), respectively.

The divisions of Ostmark were classified as Reichsgaue (provinces or districts of the empire). An area of 800 sq. km. around Vienna was transferred from Niederdonau to Vienna. Krems was named capital of Niederdonau. 1945-04-29: A provisional government was set up for a liberated Austria, restored to its pre-war borders (both external and internal, except for Vienna). The Allied Council recognized this government on 1945-10-20. 1954: Vienna was restored to its pre-war borders. 1986-07-10: Capital of Lower Austria moved from Vienna to Sankt Pï¿½lten. 1995-01-01: Austria joined the European Union.

Other names of subdivisions: Burgenland: Burgenlï¿½ndia (Portuguese-variant) Carinthia: Carinthie (French, Norwegian); Carï¿½ntia (Portuguese); Carintia (Spanish); Carinzia (Italian); Karintia (Turkish); Karintiï¿½ (Dutch); Kï¿½rnten (Danish, Finnish, German, Swedish); Koroško (Slovenian) Lower Austria: ala-Itï¿½valta (Finnish); Austria Inferiore (Italian); Baixa-ï¿½ustria (Portuguese); Baja Austria (Spanish); Basse-Autriche (French); Nedre ï¿½strig (Danish); Niederdonau, ï¿½sterreich unter der Enns (obsolete-German); Niederï¿½sterreich (Dutch, German, Norwegian, Swedish) Salzburg: Salisburgo (Italian); Salzbourg (French); Salzburgo (Portuguese, Spanish) Styria: Estï¿½ria (Portuguese); Estiria (Spanish); Steiermark (Danish, Finnish, German

, Norwegian, Swedish); Stiermarken (Dutch); Stiria (Italian); Styrie (French) Tyrol: Tirol (Dutch, German, Portuguese, Spanish, Turkish); Tiroli (Finnish); Tirolo (Italian); Tyrolen (Swedish) Upper Austria: Alta-ï¿½ustria (Portuguese); Alta Austria (Spanish); Austria Superiore (Italian); Haute-Autriche (French); Oberdonau, ï¿½sterreich ober der Enns (obsolete-German); Oberï¿½sterreich (Dutch, German, Norwegian, Swedish); ï¿½vre ï¿½strig (Danish); ylï¿½-Itï¿½valta (Finnish) Vienna: Viena (Portuguese, Spanish); Vienne (French); Vï¿½n (Icelandic); Viyana (Turkish); Wenen (Dutch); Wien (Danish, German, Norwegian, Swedish); Вена (Russian) Population history:

Question: Carinthia is a state in which European country?
Answer: Austria