Austria – 200th Anniversary of the Vienna Bourse 1971 Proof Silver 25 Schilling 30mm (13.00 grams) 0.800 Silver (0.3344 oz. ASW) Reference: KM# 2910 WIENER BÖRSE 1771-1971, City building, two dates below. · REPUBLIK · 25 SCHILLING ÖSTERREICH, Value withing circle of shields. Edge Lettering: FUENFZIG SCHILLING
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The Wiener Börse AG (also known as the Vienna Stock Exchange) is the only stock exchange in Vienna, Austria, and one of the most established exchanges in Eastern and Southeastern Europe. Wiener Börse is one of the world’s oldest exchanges and was founded in 1771 during the reign of Empress Maria Theresa of Austria in order to provide a market for state issued bonds.
The crash on 9 May 1873, of the Vienna Stock Exchange – the so-called “Gründerkrach” or “founders’ crash” – was part of a worldwide downturn which led to the September 1873 bankruptcy of the Philadelphia banking firm Jay Cooke, in the United States. The Panic of 1873 and Long Depression followed.
Today, the Vienna Stock Exchange operates the only securities exchange in Austria as well as the Energy Exchange Austria, EXAA, and the CEGH Gas Exchange of the Vienna Stock Exchange. It provides trading infrastructure (XETRA), market data and information to ensure the execution of stock exchange transactions and facilitate the interaction among all market participants.
The core business of the exchange is the operation of a cash market (equity market, bond market) as well as a market for trading in structured products. Additional services include data vending, index development and management and specialized financial market seminars and training courses.
The Austrian Traded Index (ATX), the leading index of Wiener Börse, tracks the price trends of the blue chips on Wiener Börse in real time. The composition of the ATX is reviewed every year in March and September. The main criteria for inclusion or deletion are the capitalized free float and stock exchange trading volumes.
The Vienna Stock Exchange is a 100% subsidiary of the holding CEESEG AG.
Austria, officially the Republic of Austria (German: Republik Österreich), is a federal republic and a landlocked country of over 8.5 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The territory of Austria covers 83,879 square kilometres (32,386 sq mi). Austria’s terrain is highly mountainous, lying within the Alps; only 32% of the country is below 500 metres (1,640 ft), and its highest point is 3,798 metres (12,461 ft). The majority of the population speak local Bavarian dialects of German as their native language, and Austrian German in its standard form is the country’s official language. Other local official languages are Hungarian, Burgenland Croatian, and Slovene.
The origins of modern-day Austria date back to the time of the Habsburg dynasty when the vast majority of the country was a part of the Holy Roman Empire. From the time of the Reformation, many Northern German princes, resenting the authority of the Emperor, used Protestantism as a flag of rebellion. The Thirty Years War, the influence of the Kingdom of Sweden and Kingdom of France, the rise of the Kingdom of Prussia, and the Napoleonic invasions all weakened the power of the Emperor in the North of Germany, but in the South, and in non-German areas of the Empire, the Emperor and Catholicism maintained control. During the 17th and 18th centuries, Austria was able to retain its position as one of the great powers of Europe and, in response to the coronation of Napoleon as the Emperor of the French, the Austrian Empire was officially proclaimed in 1804. Following Napoleon’s defeat, Prussia emerged as Austria’s chief competitor for rule of a larger Germany. Austria’s defeat by Prussia at the Battle of Königgrätz, during the Austro-Prussian War of 1866 cleared the way for Prussia to assert control over the rest of Germany. In 1867, the empire was reformed into Austria-Hungary. After the defeat of France in the 1870 Franco-Prussian War, Austria was left out of the formation of a new German Empire, although in the following decades its politics, and its foreign policy, increasingly converged with those of the Prussian-led Empire. During the 1914 July Crisis that followed the assassination of Archduke Franz Ferdinand of Austria, Germany guided Austria in issuing the ultimatum to Serbia that led to the declaration of World War I.
After the collapse of the Habsburg (Austro-Hungarian) Empire in 1918 at the end of World War I, Austria adopted and used the name the Republic of German-Austria (Deutschösterreich, later Österreich) in an attempt for union with Germany, but was forbidden due to the Treaty of Saint-Germain-en-Laye (1919). The First Austrian Republic was established in 1919. In the 1938 Anschluss, Austria was occupied and annexed by Nazi Germany. This lasted until the end of World War II in 1945, after which Germany was occupied by the Allies and Austria’s former democratic constitution was restored. In 1955, the Austrian State Treaty re-established Austria as a sovereign state, ending the occupation. In the same year, the Austrian Parliament created the Declaration of Neutrality which declared that the Second Austrian Republic would become permanently neutral.
Today, Austria is a parliamentary representative democracy comprising nine federal states. The capital and largest city, with a population exceeding 1.7 million, is Vienna. Austria is one of the richest countries in the world, with a nominal per capita GDP of $52,216 (2014 est.). The country has developed a high standard of living and in 2014 was ranked 21st in the world for its Human Development Index. Austria has been a member of the United Nations since 1955, joined the European Union in 1995, and is a founder of the OECD. Austria also signed the Schengen Agreement in 1995, and adopted the euro in 1999.
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