Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
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Vienna's Foreign and Bilateral Relations

Russia's Yelena Baturina Divests Grand Tirolia Hotel for €45 Mln

The billionaire and wife of Yury Luzhkov, the former Moscow mayor, is selling her Kitzbühel 5-star hotel for 45 million euros to an investor. Rumour has it that the investor is looking for an international operator.

April 10, 2018

Opel-PSA Group Plans Job Cuts in Vienna

By summer, 140 employees are to leave the Opel plant in Aspern. A further reduction could be avoided thanks to a new transmission order from Opel parent Groupe PSA. Engines will be produced for the previous Opel owner General Motors (GM) until 2019/20. What comes after that is still uncertain.

April 6, 2018

OMV Buys Oilfield Shares in Abu Dhabi for USD 1.5 Bln

Listed oil corporation OMV is acquiring 20 percent of two offshore oil fields in Abu Dhabi from the Abu Dhabi oil group ADNOC. The purchase price for the concession and the associated infrastructure amounts to USD 1.5 billion. OMV has already a long relationship with Abu Dhabi. OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the location of the Business Hub for OMV´s Upstream Middle East & Africa activities.

April 6, 2018

Meet the Ambassador of Japan to the International Organizations in Vienna: H.E. Mr. Mitsuru Kitano

H.E. Mr. Mitsuru Kitano is the Permanent Representative and Ambassador Extraordinary and Plenipotentiary of Japan to the International Organizations in Vienna. Just recently Ambassador Kitano together with the host, UNIDO's Director-General Li Yong, attended a joint event for launching UNIDO projects in Etiopia, Iraq, Jordan, Lebanon, Liberia, Nigeria, Somalia, and Syria, after the government of Japan has confirmed that it will contribute over US$5.2 million to projects in these 8 countries.

April 4, 2018

Arnold Schwarzenegger in Vienna: The Prodigal Son's Interim Visit

Shortly before his planned heart operation Arnold Schwarzenegger visited Vienna to prepare the second R20 Austrian World Summit, scheduled to take place on May 15, 2018 in Vienna’s Hofburg Palace. Among others the former Governor of California met Austrian Federal President Alexander Van der Bellen and Federal Chancellor Sebastian Kurz to discuss the upcoming summit. Last week Schwarzenegger had undergone emergency open-heart surgery following complications that arose during a planned heart valve replacement.

April 4, 2018

FACC Achieves Sales Record of EUR 750.7 Mln in 2017/18

FACC, the Sino-Austrian aircraft component manufacturer generated preliminary sales of 750.7 million euros, and the order backlog increased to US$ 5.9 billion. On March 19, FACC entered the ATX, Austria's leading index on the Vienna Prime Market, and has since been one of the 25 largest and most traded companies in Austria.

April 4, 2018

Meet the Ambassador of Japan to Austria: H.E. Mr. Kiyoshi Koinuma

H.E. Mr. Kiyoshi Koinuma is the Extraordinary and Plenipotentiary Ambassador of Japan to Austria as well as the Extraordinary and Plenipotentiary Ambassador of Japan to Kosovo and Macedonia.

April 3, 2018

Austria's Largest State Visit to China Imminent

Austria's largest state visit to China to date is about to take place. Four ministers will travel to China from 7 to 12 April with President Van der Bellen and Chancellor Kurz. 170 Austrian companies with a delegation of around 200 people are also on board. The expectation is high that various agreements between Chinese and Austrian companies will be signed.

April 3, 2018

VIC Strengthens Presence in Hungary and Slovakia

Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.

April 3, 2018

Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa

LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.

March 30, 2018

Former Finance Minister Schelling Appointed Gazprom Advisor

Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.

March 30, 2018

Trevor Traina Confirmed by US Senate as US Ambassador to Austria

The Foreign Relations Committee of the Senate in Washington D.C. has confirmed Trevor Traina, nominated by President Donald Trump, as the new US Ambassador to Austria. This was announced by both the State Department and the US Embassy in Vienna. The post has been vacant since January 2017 when Alexa Wesner was recalled from her post.

March 30, 2018

Eurowings also Expands Vienna Connections

With the summer flight schedule 2018 Eurowings, the discount airline subsidiary of Lufthansa, is adding new destinations from Vienna to Corfu, Larnaca, Catania, Chania, Kos, Heraklion and Rhodes.

March 30, 2018 · Sponsored Content

Repatriation of Austrian Gold Reserves Nearing Completion

This year, and not in 2020, the OeNB Austrian National Bank is already concluding its repatriation campaign for half of its gold reserves. By the end of the year, 140 tonnes of gold are to be stored in Austria, with the other 140 tonnes remaining in London (84 tonnes) and Switzerland (56 tonnes).

March 30, 2018

Harvard Government Professor Michael Sandel to Lecture Austrian Opposition How to Win Back Popular Support

The election of Donald Trump was an angry verdict on decades of rising inequality and a version of globalization that benefits those at the top but leaves ordinary people feeling disempowered. American political philosopher and a political philosophy professor at Harvard University Michael J. Sandel will give a lecture on "Is Democracy in Peril? - Politics in the Age of Trump".

March 29, 2018

Vienna - Moscow: Maintaining All Communication Channels Is Crucial

All the evidence suggests that Russia is to blame for the poison attack on former double agent Sergei Skripal in Salisbury. To date, 19 EU countries and 7 non-EU countries have expelled more than 150 diplomats. By deciding not to expel Russian diplomats, Austria is opposing most of its partner countries.

March 27, 2018

AUA Starts with Summer Flight Schedule 2018: More Flights to Germany, but CEE Remains Core Market

Austrian Airlines offers a flight program with 138 destinations in 55 countries in summer 2018.

March 26, 2018

Jens Weidmann Demands in Vienna an End to Massive Bond-Buying Program

The head of Deutsche Bundesbank, Jens Weidmann, visits Vienna to receive the Grand Decoration of Honour in Gold (Grosses Goldenes Ehrenzeichen) from Finance Minister Hartwig Löger. In his speech he called for a rapid end to bond purchases by the European Central Bank (ECB).

March 26, 2018

Austrian Support for Peace and Security Programm in Horn of Africa Region

Vienna based ADA - Austrian Development Agency signs an agreement on peace and security in the Horn of Africa with EU and IGAD (Intergovernmental Authority on Development). The EUTF - EU Emergency Trust Fund for Africa provides 40 million euros. 35 million of this will be made available to ADA and 5 million directly to IGAD. The ADA passes on one million euros to IGAD. The Swedish International Development Agency SIDA will also contribute one million euros..

March 26, 2018

Gisela Stuart: How Does a Europe-Endorsing German-British MP Become a Brexite Proponent?

Gisela Stuart, born and raised in West Germany and a Member of the British parliament (Labour party, 1997 – 2017), will give a guest lecture at the IWM - Institute for Human Sciences. She will answer the question of how an EU advocate can turn into a passionate advocate for Brexit.

March 22, 2018

Analysis: Vienna's 900 Years of Close Ties With Former Tax Haven Liechtenstein

Federal President Alexander Van der Bellen visited the Principality of Liechtenstein during a state visit to Vaduz. After 14 months, he has finally visited the last of Austria's neighbouring countries. The state was known as a tax haven until November 2013. The Liechtenstein tax affair and offshore leaks have contributed to the neighbouring country signing an international agreement to prevent tax evasion.

March 22, 2018

80th Anniversary of Mexico’s Protest Against Anschluss of Austria to Hitler-Germany

On 19 March 1938 Mexico submitted a note of protest to the League of Nations against the annexation of Austria by Nazi Germany (known as “Anschluss”). At that time Mexico was the only member of the League of Nations to issue a written protest.

March 21, 2018

Ryanair Acquires 75 Percent of LaudaMotion

The Irish low-cost airline Ryanair is paying 100 million euros for the share. Ryanair will initially take over 24.9 percent of Laudamotion and intends to increase it to 75 percent, subject to the approval of the EU competition authority. The airline founder will continue to be in charge.

March 20, 2018

Culture Tech at SXSW in Austin, Texas: The Austrian Version of Cultural Diplomacy

Austria was present at the 2018 music festival South-by-Southwest-Festival (SXSW) in Austin with a selection of its most innovative entrepreneurs and artists from culture, music and the start-up industry. The heart of the domestic performance was the Austrian Day at the German House in the legendary Barracuda Club. In the setting of a traditional Viennese coffee house inspired by Café Landtmann, the menu included inspiring discussions, technical innovations and entertaining performances in addition to Viennese sausages and Sacher cake.

March 16, 2018

Hungary Forces Central European University of US Billionaire Soros to Move to Vienna

In view of the political pressure exerted by the Hungarian government under the proposed amendments to Act CCIV of 2011 on Hungarian National Higher Education, the Central European University (CEU) of US billionaire George Soros feels compelled to look for alternatives. The city of Vienna naturally offers itself as an excellent alternative or supplement. The CEU and the City of Vienna are already in negotiations about a memorandum of understanding (MoU) that would enable CEU to open a satellite campus site in Vienna. The Otto Wagner area at Baumgartner Höhe is being examined as a possible location.

March 16, 2018

TTTech Sets Up Joint Venture in Shanghai to Deploy Key Technology for Autonomous Driving Cars in China

The Vienna-based technology company TTTech and China's largest automotive group Shanghai Automotive Industry Corporation (SAIC) announced a joint venture with the intention to produce an Intelligent Driving Central Controller (iECU), which will be installed on the first China-made intelligent driving vehicle later this year. TTTech holds 49.9 percent in the new joint venture.

March 15, 2018

LGT Group Reports Profit of CHF 283.4 Mln

LGT, the private banking and asset management group owned by the Princely House of Liechtenstein, reported strong net asset inflows and a significant increase in profits for the 2017 financial year. Group profit for the full year rose 23% to CHF 283.4 million. Net asset inflows, excluding acquired assets, amounted to CHF 17.7 billion, which corresponds to organic growth of 12%. As at the end of 2017, assets under management increased by a total of 33% to CHF 201.8 billion.

March 12, 2018

Permanent Mission of Japan to the International Organizations in Vienna, Austria / 在ウィーン国際機関日本政府代表部

Updated address, contact and mission details of the Permanent Mission of Japan to the International Organizations in Vienna, Austria (Ständige Vertretung Japans bei den Internationalen Organisationen in Wien), including its priorities in the nine international organizations where the Permanent Mission of Japan (PMJ) is engaged.

March 12, 2018

Embassy of Japan in Vienna, Austria

Updated address and contact details of the Embassy of Japan in Vienna, Austria (Japanische Botschaft in Wien, Österreich), including Department of Politics and Economics, Consular Department and Public and Cultural Relations Department / Japanese Information and Culture Centre.

March 12, 2018

Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan

An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.

March 8, 2018

The OSCE in 2030: Undivided Security in Europe Now More at Risk Than 10 Years Ago

In the Austrian National Defence Academy, the security issue "The OSCE in 2030: Undivided Security in Europe restored?" was discussed in the form of a public panel discussion. At the invitation of the International Institute for Peace (IIP), the Karl-Renner-Institut, the Scientific Cluster for Polemology and Legal Ethics, the FES Regional Office for Cooperation and Peace in Europe (ROCPE), the Austrian National Defence Academy and the ISP Institute for Security Policy, Hannes Swoboda as moderator and the panelists Thomas Greminger, Fyodor Lukyanov, Stephanie Liechtenstein, Alena Kupchyna discussed the hoped-for security policy development of Europe and the OSCE.

March 7, 2018

Mainland Chinese Billionaire Guo Guangchang to Take Over Austrian Asset Wolford AG

Shanghai based Fosun Group through its Hong Kong (Central) vehicle Fosun Industrial Holdings Limited (Fosun) has taken over control of one of Austria's last remaining lingerie assets. According to Wolford, its new strategic core shareholder has agreed to pay at least €36M for a 50.87% majority stake in Wolford AG. Wolford has been struggling with management problems for some time. It also has been loss making for several years. Fosun Industrial Holdings Limited, a subsidiary of Fosun International Limited (British Virgin Islands) is an investment holding company with interests in asset management and entertainment services. Fosun wants full control of the lingerie maker. Upon the closing of the share purchase agreement Fosun intends to launch a takeover offer to the remaining shareholders. Fosun was co-founded in 1992 by Fudan graduate Guo Guangchang who meanwhile became the 34th richest person in China with a net worth of €7 billion.

March 3, 2018

Trevor Traina Looks Forward to Become the United States Ambassador to Austria

Today Mr. Trevor Traina testified before the US Senate Foreign Relations Committee Nomination Hearing. If confirmed, Mr. Traina is to become the next Ambassador Extraordinary and Plenipotentiary of the United States of America to Austria. Traina: I am humbled to be President Trumps nominee to be the United States Ambassador to Austria. If confirmed, his grandmother, who just celebrated her hundredth birthday and who is the widow of his late grandfather Wiley T. Buchanan Jr. (who also served as U.S. ambassador to Austria), would have the confusing honor of being the wife and the grandmother of the Ambassador to Austria.

March 1, 2018

Embassy of the Principality of Liechtenstein in Austria

Updated embassy and consulate contact details of the Embassy of the Principality of Liechtenstein in Vienna. Aktualisierte Botschafts- und Konsulatskontaktdetails der Botschaft des Fürstentums Liechtenstein in Wien.

March 1, 2018

Embassy of Austria in the Principality of Liechtenstein

Updated embassy and consulate contact details of the Embassy of Austria in the Principality of Liechtenstein. Aktualisierte Botschafts- und Konsulatskontaktdetails der Österreichischen Botschaft im Fürstentum Liechtenstein.

March 1, 2018

Embassy of Austria in Islamabad, Islamic Republic of Pakistan

Updated embassy and consulate contact details of the Embassy of Austria in Islamabad, Islamic Republic of Pakistan. Aktualisierte Botschafts- und Konsulatskontaktdetails der Österreichischen Botschaft in Islamabad, Pakistan.

March 1, 2018

Austrian Airlines to Hire 600 New Employees, to Fly to Tokyo and Cape Town

Close to 12.9 million passengers flew with Austria’s national carrier last year, comprising a rise of 12.8 percent compared to the previous year. In 2018 the airline plans the integration of another long-haul aircraft, a Boeing 777-200 jet, in its fleet. It is planned to hire 150 employees just to operate this one new aircraft. In total about 200 pilots, 300 flight attendants and 100 employees in the fields of aircraft maintenance and ground handling will be hired. The additional capacity will enable Austrian Airlines to expand its intercontinental route network to Japan and South Africa.

March 1, 2018

Chancellor Kurz Visits President Putin: "The situation in Syria is dramatic"

Austrian Chancellor Sebastian Kurz traveled to Moscow to meet Vladimir Putin. The focus of the trip was a working meeting with the Russian President, with whom Kurz discussed, among other things, the bilateral relations of both countries, the relationship between Russia and the EU, the Ukraine conflict and the current situation in Syria.

February 28, 2018

The Western Balkans Remain a Priority of Austrian Foreign Policy

Because of a common history and the tradition of political, cultural and economic relations, Austrian foreign policy has always attached particular importance to the Western Balkans. The primary goal of Austrian foreign policy is to support the transformation of the Western Balkans area into a zone of stability. From the Austrian perspective there is only one option for the Western Balkans: a full European integration of the region. However, the political commitment from the regions' leaders is expected.

February 28, 2018

Meet the New Ambassador of the Kingdom of Spain in Austria: Juan Bautista Sunye Mendia

Updated background details of Mr. Juan Bautista Sunye Mendia, the current Ambassador of the Kingdom of Spain in Austria.

February 23, 2018

Federal President Widow Margot Klestil-Löffler Designated to Become Special Envoy to Russia and China

Due to tensions in the CEI Central European Initiative in Trieste between the Italian diplomat Giovanni Caracciolo di Vietri as CEI Secretary General and his deputy Margot Klestil-Löffler, it is rumored that the Foreign Office must find a new job for Klestil-Löffler. This is what the daily "Der Standard" writes in its Thursday issue.

February 23, 2018

KTM to Manufacture Motorcycles in China

The Upper Austrian motorcycle manufacturer KTM plans to produce motorcycles in China from 2020/21 as well. Currently KTM manufactures at the company headquarters in Upper Austria (Mattighofen), as well as together with the partner Bajaj in India (Pune).

February 23, 2018

How do Russian Politicians and Oligarchs Withdraw their Money from Austria?

The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.

February 22, 2018

IIASA Builds Bridge through Science with Israel

The Laxenburg based international research organization IIASA (International Institute for Applied Systems Analysis) has recently announced that Israel has become its newest member country. Israel joins 24 other countries whose National Member Organization’s representatives constitute the IIASA Governing Council. Israel has established the Israel Committee for IIASA - made up of representatives from Israeli universities, government ministries, and the public - to represent the Israeli membership of IIASA.

February 19, 2018

Embassy of the Kingdom of Spain in Vienna, Austria

Updated address and contact details of the Embassy of the Kingdom of Spain in Vienna, Austria

February 14, 2018

Telekom Austria AG / Results for the Full Year 2017

Telekom Austria Group announces its results for fourth quarter and full year 2017, ending 31 December 2017. Group total revenues rose by 3.0% on a proforma basis (reported: +4.1%), EBITDA increased by 2.0% (rep.: +3.2%). Revenue increase driven by growth in fixed-line service revenues and equipment revenues, while mobile service revenues were lower due to roaming; the revenue increase was driven by all markets except for the Republic of Macedonia.

February 13, 2018

Meet the New Ambassador of the Republic of Benin to Austria: H.E. Mr. Eloi Laourou

The new Ambassador of the Republic of Benin to Austria Eloi Laourou presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

January 9, 2018

Meet the New Ambassador of the Republic of Burundi to Austria: H.E. Ms. Else Nizigama Ntamagiro

The new Ambassador of the Republic of Burundi to Austria Else Nizigama Ntamagiro presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

January 9, 2018

Meet the New Ambassador of the Republic of Niger to Austria: H.E. Ms. Fatima Sidikou

The new Ambassador of the Republic of Niger to Austria Fatima Sidikou presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

January 9, 2018

Meet the New Ambassador of the Socialist Republic of Vietnam to Austria: H.E. Mr. Le Dung

The new Ambassador of the Socialist Republic of Vietnam to Austria Le Dung presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

January 9, 2018