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Asian Expats in Austria | Asians in Vienna | Bilateral Relations

Analysis: The Eurovision Song Contest 2015 in Vienna

The Eurovision Song Contest 2015 has been the 60th edition of the annual Eurovision Song Contest musical event. The contest took place in Vienna and followed Conchita Wurst's victory in the 2014 edition with her song "Rise Like a Phoenix". The song "Heroes" by Måns Zelmerlöw took the winning spot in the 60th Eurovision Song Contest in Vienna with 365 points. The 2016 Eurovision Song Contest will therefore be held in Sweden.

May 16, 2015 · Updated: May 28, 2015; 08:00

Make in India: Starting in Vienna

With the aim of bringing Austrian and Indian business people together to strengthen the bonds linking Vienna/Austria and India, the Embassy of India, in cooperation with the Vienna Business Agency, welcomed several guests in the context of the „Make in India: Starting in Vienna“ event held at the Vienna Expat Center.

May 5, 2015

Austria to Support China's "Asian Infrastructure Investment Bank"?

The Austrian Finance Ministry confirmed that Austria will participate in the China-proposed Asian Infrastructure Investment Bank (AIIB) project after receiving the appropriate approval from the government. Now it checks for a potential engagement. China is taking matters into its own hands. It will use the new bank to expand its influence at the expense of America and Japan. Its decision to fund a new multilateral bank reflects its frustration with the slow pace of global economic governance reform. China is the biggest economy in Asia, but the Asian Development Bank (ADB) is still dominated by the Japanese: Japan’s voting share is twice China’s and the ADB’s president has always been Japanese. Also, reforms to give China more say at the International Monetary Fund (IMF) have been delayed for years.

March 27, 2015

Background: The New "Asian Infrastructure Investment Bank"

The Asian Infrastructure Investment Bank (AIIB) is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. AIIB is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. Austria recently said, that it is "positive" and that it "now checks for a potential engagement".

March 27, 2015

Water Management Company Wabag Wins EUR 30 Mln Plan Project in India

VA Tech Wabag Ltd., India won an order for a value of around EUR 30 million for Design and Construction of 140,000 m3/d Sewage Treatment Plant (STP) at Dinapur, Varanasi including Operation and Maintenance for ten years.

March 20, 2015

Quality of Living Rankings: Vienna Tops the List Again

Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.

March 4, 2015

Global Peace Index: Austria is Third Most Peaceful Country

The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.

March 4, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015 · Updated: February 7, 2018; 08:12

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015

Indian Embassy in Vienna Launches ‘Make in India’ Campaign

India's new Prime Minister Narendra Modi launched the ‘Make in India’ campaign, aimed at reviving the job-creating manufacturing sector. India's Mission in Vienna will be organizing a business event focusing on “Make in India” on 9th November at the Austrian Chamber of Commerce, followed by events in other provinces. The campaign includes invitations to Austria’s top companies to explore investment possibilities in India.

October 7, 2014

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Boyden Partners Met in Vienna to Discuss Emerging Markets Strategies

The annual global Boyden conference took place in Vienna. Despite the current political crisis in Ukraine the headhunting company sees good prospects of Austrian enterprises and managers.

May 23, 2014

Switzerland: IMD Releases the World Competitiveness Yearbook Ranking 2014

The US leads, Europe recovers, and big emerging markets struggle.

May 22, 2014

Gas Deal: China to Invest $22Bln, Russia to Invest $55Bln

Russia’s overall investment on delivering gas to China is $55 billion and China’s investment is estimated at around $22 billion according to a contract signed by the two countries in Shanghai, Russian President Vladimir Putin said Wednesday.

May 21, 2014

Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014

On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

May 20, 2014

Meet the New Ambassador of India to Austria His Excellency Shri Rajiva Misra

Yesterday evening at the Indian Embassy in Vienna, Ambassador Misra has presented himself to the international public.

May 15, 2014

voestalpine to Invest Further in China

Listed Austrian steel producer voestalpine opened another business location in China.

May 14, 2014

South Korean Bank Preparing for Business in CEE

Shinhan Bank, one of the largest banks in the South Korea, will open branches in Poland.

May 12, 2014

Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).

May 7, 2014

Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.

May 5, 2014

Wealthy Investing in Real Estates in Vienna

Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.

April 4, 2014

H.E. Ambassador Rajiva Misra, Embassy of India, presented his credentials to the Federal President of Austria

Ambassador Rajiva Misra presented his credentials to Dr. Heinz Fischer, the Federal President of Austria on 14th March and took charge as India’s Ambassador to Austria and Montenegro, and Permanent Representative of India to the International bodies in Vienna.

March 14, 2014

Erste Group: Moderate Economic Recovery in Eurozone

Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.

January 20, 2014

Bank Austria Generates Fresh Capital

On Monday, January 13, UniCredit Bank Austria issued its first mortgage bond for 2014 to strengthen its capital base.

January 14, 2014

Hypo Group to be Renamed after Sale

After the closing of the sale future owner of Hypo Group Alpe Adria Sanjeev Kanoria from the UK with Indian origins intends to rename Hypo Group.

October 31, 2013

OMV: Weakest Refining Margin Since 2009

Compared to the same period in 2012, the whole production of Austrian oil company OMV has decreased in the third quarter as well as compared to the previous quarter.

October 18, 2013

Bulgaria to Encourage Chinese Investments

Investments from China in Bulgaria currently come at € 85m, reports SME Times.

October 18, 2013

World Bank: 47 Banking Crises in the Past 40 Years

47 banking crises that have struck 116 countries in the past 40 years - World Bank

October 8, 2013

RHI: Growth Plans in Emerging Markets

Franz Struzl, CEO of producer of fused cast refractories RHI, announced that the long-term strategic corporate goals were still relevant. However, it is not clear when the targets will be reached.

September 24, 2013

China to Acquire Ukrainian Farmland

In the coming fifty years crops are supposed to be grown and animals should be bred in the Ukraine for the Chinese market.

September 23, 2013

Turkish Airlines Not Interested in Croatia Airlines

The Turkish airline carrier has denied rumors of acquiring states at Croatia Airlines.

September 11, 2013

Romania: Chinese Investors to Support Infrastructure Projects with € 3bn

According to the Romanian Infrastructure and Foreign Investments Department (DPIIS), investors from China will support the construction of new highways and electricity generating power plants in the amount of more than € 3bn.

September 11, 2013

OMV: Discovery of Gas in Pakistan

OMV: Discovery of gas and condensate in the Mehar block, Pakistan.

August 29, 2013

Erdogan Considers Leaving U.N.

Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.

August 26, 2013

Adria Airways to be Acquired by China Southern Airlines

Chinese Southern Airlines wants to gain a foothold in the Slovenian air traffic sector. Besides Adria Airways, Ljubljana Airport will be privatized.

August 25, 2013

Austrian Zumtobel Sells Factory in Australia

Because of abandoning of a business area, Tridonic, affiliate of Austrian light producer Zumtobel, sells its magnetic plant in Melbourne.

August 21, 2013

Austria: Kranebitter to Leave Hypo Group

After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.

August 19, 2013

Gazprom Acquires Kirghiz Gas Network

In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.

July 29, 2013

Zumtobel Takes Over Chinese Affiliate

Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.

July 29, 2013

OMV: Problems in Libya Slow Down Production

The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.

July 24, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 2013

China: Big Plans for Ljubljana Airport

China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.

July 24, 2013

EU: Current Account with Russia Deep in the Red

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.

July 18, 2013

Serbia to Invest in Renewable Energy

The Balkan country wants to invest more than € 10bn in its energy production. The focus will be on renewable energy.

July 18, 2013

Turkey Considers Economic Re-Orientation

The Turkish government wants to shift its economic focus from Europe to Asia.

July 18, 2013

OMV: Major Gas Discovery in Australia

Successful appraisal of the Zola gas discovery offshore Australia.

July 16, 2013

Russia to Reduce Oil Export

Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.

July 11, 2013

Spindelegger: Fitness Program for Austria

Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.

July 10, 2013

Gazprom Runs Risk Of Losing Leading Position

Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.

July 9, 2013

Austrians to Invest Strongly in FDIs

Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.

June 26, 2013