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Austrian News
Austrian News: Read the latest headlines about developments in Austrian domestic politics with reference to the international interest
Arab Diplomats Visit Burgenland to Promote Renewable Energies
In a major initiative to strengthen bilateral relations between Austria and the Arab world, the Austro-Arab Chamber of Commerce (AACC) together with Energie Burgenland welcomed a high-ranking delegation of Arab ambassadors and diplomats to Burgenland. The focus of the event was on progress in the field of renewable energies and sustainable development.
September 15, 2024
China Ambassador to Austria Qi Mei in the “Press Salon” of the Austrian Journalists' Club
China's Ambassador Qi Mei was a guest at the “Press Salon” event at the invitation of the Austrian Journalists' Club (ÖJC). In the presence of journalists from well-known media such as “Der Standard” and ORF, Qi Mei took the opportunity to talk about China's current economic and political developments as well as relations with Austria.
September 12, 2024
Gas Extraction in Upper Austria: Opportunities and Challenges for ADX Energy's Test Drillings
The planned natural gas extraction in Upper Austria is causing controversy. While the Australian company ADX Energy sees gas as a contribution to national energy independence, environmentalists warn of the ecological and climate policy consequences of new fossil fuel projects.
September 12, 2024
Vienna Receives Slovakian President: Deepening Relations and Discussion on Sanctions
Slovakian President Peter Pellegrini visited Austria as part of his official inaugural visit. It was his fourth bilateral trip to one of Slovakia's neighboring countries, having previously visited the Czech Republic, Poland and Hungary.
September 11, 2024
Vienna to Become a Center for Financial Technology: AFT 2024 International Conference
Vienna will once again become the international hub for innovative financial technologies in September 2024. From September 23 to 25, 2024, the sixth edition of the Advances in Financial Technologies (AFT) conference will take place at the Austrian National Bank (OeNB).
September 11, 2024
Foreign Currency Loans in Austria Fall to New Low in Q2 2024
The market for foreign currency loans in Austria continues to decline sharply. The Financial Market Authority (FMA) published a new survey for the second quarter of 2024, which shows a further significant decline in the outstanding volume of such loans.
September 11, 2024
Whistleblower System to Help Clarify the Signa Bankruptcy
The investigation into the insolvency of the Signa real estate empire is progressing. A new whistleblower system is now intended to help bring transparency to complex corporate structures through information from employees and creditors and to reveal previously undiscovered information.
September 11, 2024
Closing of the European Forum Alpbach 2024: Europe's Future under the Sign of the “Moment of Truth”
The European Forum Alpbach 2024 came to a successful conclusion with a lively discussion between high-ranking representatives of all Austrian parliamentary parties in front of around 500 participants. The final discussion marked the highlight of a two-week forum that once again served as an important platform for European and international dialog.
September 8, 2024
Technology Talks 2024: Vienna as a New Hotspot for Research and Innovation
On September 12 and 13, the MuseumsQuartier in Vienna will be transformed into a center for the latest developments in research, technology and innovation. The Technology Talks Austria 2024 will bring together over 700 experts from science, business and politics to discuss the challenges and opportunities of the so-called “triple transition” - a transformation that encompasses ecological sustainability, digitalization and social justice.
September 5, 2024
Russian Court Decision Complicates Raiffeisen Bank International Planned Sale of Subsidiary Bank
The planned exit of Raiffeisen Bank International AG (RBI) from Russia has suffered a significant setback. A Russian court has issued a temporary injunction blocking the sale of the Russian subsidiary AO Raiffeisenbank. This decision could significantly delay the Austrian bank's efforts to reduce its presence in Russia.
September 5, 2024
From Foreign Minister to Tiger Ambassador: Karin Kneissl's Unusual Career in Russia
Karin Kneissl, the former Austrian Foreign Minister, has taken on a new and, at first glance, unexpected role in Russia: She has been appointed official ambassador for the protection of the endangered Amur tiger. This extraordinary career move shows how deep her connection to Russia, and in particular to Vladimir Putin, has become. Her relationship with Russia and Putin has been at the center of international attention for years and has attracted both admiration and criticism.
September 5, 2024
Austria's Diplomats Meet Up: Ambassadors' Conference 2024 in Vienna
More than 100 Austrian ambassadors, permanent representatives, and consuls general from all over the world have gathered in Vienna for the Foreign Ministry's annual Ambassadors' Conference. The event, which lasts until September 5, offers diplomats a platform to discuss challenges in foreign policy. The focus is particularly on topics such as security, economic and cultural diplomacy as well as strengthening international dialog.
September 4, 2024
CIA Provided Crucial Clues to Attack Plans at Swift Concert in Vienna
The CIA has confirmed that it provided the decisive tip-off to prevent a possible attack on a Taylor Swift concert in Vienna. Information had been received about four people with links to the Islamic State (IS) terrorist militia who were planning an attack.
August 29, 2024
Controversy Over "Mosque Education 2.0": IGGÖ Criticizes the Lack of Recognition for their Reform Efforts
The Islamic Religious Community in Austria (IGGÖ) has expressed strong criticism of the recent public discourse surrounding the "Mosque Education 2.0" initiative announced by the Minister of Integration, Susanne Raab.
August 28, 2024
European Forum Alpbach Enters Second Week: A Look Back and a Look Forward
The European Forum Alpbach (EFA) is entering the second week of its high-caliber discussion rounds. Under the motto “Moment of Truth”, the focus is on Europe's challenges and opportunities. While the first few days of the forum have already set important accents, the coming week promises equally exciting insights and groundbreaking debates.
August 27, 2024
IGGÖ President Vural Makes Clear Position Against Extremism
In a powerful speech, Ümit Vural, President of the Islamic Religious Community in Austria (IGGÖ), called for a joint effort to combat extremism and strengthen social cohesion. In view of the increasing challenges posed by terrorist attacks, geopolitical conflicts and heated security debates in the run-up to the upcoming elections, Vural emphasized the responsibility and long-standing role of the IGGÖ as a state-recognized religious community in Austria.
August 27, 2024
Outrage About Tweet by Iranian Ambassador in Vienna: Call for Summons
A social media posting by the Iranian ambassador in Vienna, Abbas Bagherpour Ardekani, has caused a considerable political stir. In addition to calls for the Iranian ambassador to be summoned, there have also been calls for further diplomatic consequences.
August 25, 2024
UniCredit Bank Austria: Austrian Economy Remains in the Downturn - Hope for Recovery Only in 2025
The economic situation in Austria remains tense and a sustainable recovery does not appear to be in sight until 2025. The latest reports from UniCredit Bank Austria paint a gloomy picture for 2024. Despite some positive signs, particularly in the service sector, the economy is in a prolonged slump. Industry and the construction sector in particular continue to be under great pressure, which is weighing heavily on the overall situation in Austria.
August 22, 2024
Austria's Competition Watchdogs Criticize Concentration on Gas Market
The Federal Competition Authority (BWB) and the regulatory authority E-Control recently presented the second interim report of their joint Electricity & Gas Task Force. This investigation is a reaction to the developments in the Austrian energy markets, which are characterized by strongly fluctuating prices and high market concentration.
August 20, 2024
Austria's Olympic Splendor in Paris 2024: A Balance Between Tradition and Surprises
The 2024 Summer Olympics in Paris are history, and Austria can look back proudly on its sporting achievements. On Tuesday, the successful Olympic athletes were honored in the Vienna Hofburg by Federal President Alexander Van der Bellen.
August 18, 2024
Alpbach: Between Tradition and the Future - the European Forum Alpbach 2024
The European Forum Alpbach (EFA) celebrated its 80th anniversary in 2024. It once again attracted over 4,000 participants to the small Tyrolean mountain village, which became the center of European discourse for two weeks. Under the general theme of “Moment of Truth”, this year's forum focused on the groundbreaking decisions that Europe must make in the face of multiple crises, from climate catastrophes to political tensions.
August 18, 2024
Current DSN Investigation: Terror Plans Lead to Cancellation of Taylor Swift Concerts in Vienna
The planned Taylor Swift concerts at Vienna's Ernst Happel Stadium were supposed to be a highlight of the summer, but a serious terror threat forced the authorities to cancel the events. A new report by the Directorate of State Security and Intelligence (DSN) reveals the dramatic background to this decision, which is the result of a series of frightening developments.
August 15, 2024
Austria Investing in the Future: Strengthening STEM Education and Massive Research Funding
Austria is setting standards in the education and research landscape to meet the challenges of the future. With two far-reaching initiatives, the government aims to combat the shortage of skilled workers in the STEM fields (mathematics, IT, natural sciences, and technology) as well as massively promote research and innovation in the country. These measures are intended not only to solve short-term problems but also to secure and strengthen Austria as a business location in the long term.
August 13, 2024
Finance Ministers from German-speaking Countries Adopt Lake Constance Declaration to Strengthen Competitiveness
Finance ministers from Germany, Austria, Switzerland, Liechtenstein, and Luxembourg met in picturesque Vorarlberg, Austria, to adopt the so-called "Lake Constance Declaration". This landmark declaration aims to strengthen Europe's competitiveness in a rapidly changing global economy while safeguarding the continent's prosperity and stability.
August 13, 2024
Largest Insolvency in Styria: Fisker GmbH and its Effects
The insolvency of the Austrian Fisker subsidiary has far-reaching consequences for the Styrian economy. With a mountain of debt of almost four billion euros, it is the largest corporate bankruptcy of the year.
August 8, 2024
Taylor Swift Concerts in Vienna Canceled Due to Suspected Terrorism - What Fans Need to Know Now
The cancellation of the Taylor Swift concerts in Vienna has left many fans disappointed and perplexed. After two suspected terrorists were arrested who had possibly planned an attack on the upcoming concerts, the organizer Barracuda Music decided to cancel the events. Fans are now wondering what costs will be reimbursed and how to proceed.
August 8, 2024
Counter-Terrorism in Austria: Arrest of Two Terror Suspects and Cancellation of Taylor Swift Concerts in Vienna
In a worrying development, two people suspected of planning a terrorist attack on events in Vienna have been arrested. During a house search in Lower Austria, chemical substances were seized that were to be used for the attacks.
August 7, 2024
Hopeful Peace Deal for Gangs in Gang Violence in Vienna
In recent weeks, Vienna's streets have been rocked by violent clashes between Syrian and Chechen youth gangs. These conflicts, which were initially perceived as ethnic tensions, have thrown the city into turmoil. But now there are signs of a surprising turnaround: Representatives of both communities have published a joint statement aimed at improving cooperation.
August 6, 2024
Austria's Progress in Implementing the UN Sustainable Development Goals
As part of the "UN High-Level Political Forum on Sustainable Development", Austrian Minister for Europe Karoline Edtstadler presented the second National Implementation Report on the Sustainable Development Goals (SDG). The event, which took place in New York, offered Austria the opportunity to present its progress and efforts in the area of sustainable development.
August 5, 2024
Winners of the Austrian Art Prize 2024 Revealed
Andrea Mayer, State Secretary for Art and Culture, today announced the winners of the Austrian Art Prize and the Hans Hollein Art Prize for Architecture 2024. The awards, endowed with 20,000 euros each, honor outstanding personalities in the Austrian art and culture scene.
August 5, 2024
Introduction of a National Day of Remembrance for Roma and Sinti
The Austrian federal government took a significant step towards recognizing and remembering the Roma and Sinti murdered under National Socialism. August 2 will now be officially introduced as a national day of remembrance to honor the victims of the Holocaust and preserve their memory.
August 4, 2024
Austria's Finance Minister Magnus Brunner Nominated as EU Commissioner
In a decision that has now been announced, the Austrian government has nominated Finance Minister Magnus Brunner (ÖVP) as the new EU Commissioner. This announcement marks the end of a long and intensive negotiation phase within the turquoise-green coalition. Brunner is to succeed Johannes Hahn and strengthen Austria's voice in the EU Commission.
July 31, 2024
Austrian Forum for Peace 2024: Insights and Outlook for a Peaceful Future
The Austrian Center for Peace (ACP) presented the results of the second Austrian Forum for Peace, which took place at Friedensburg Schlaining in early July.
July 29, 2024
ECJ Confirms Legality of AUA Rescue Against RyanAir and Laudamotion
In a significant ruling, the European Court of Justice (ECJ) has confirmed the legality of €150 million in state aid to Austrian Airlines (AUA) during the COVID-19 pandemic. This ruling marks the conclusion of a legal dispute brought by the low-cost airlines Ryanair and Laudamotion against the approval of this aid by the EU Commission.
July 29, 2024
North Macedonia and Austria Strengthen Bilateral Cooperation and Economic Partnership
Austria and North Macedonia have further deepened their close relations in a diplomatic meeting. Austrian Foreign Minister Alexander Schallenberg and his North Macedonian counterpart Timčo Mucunski met in Vienna to discuss various topics, including economic cooperation, migration, security, and EU enlargement.
July 28, 2024
Salzburg Summit: Europe's Challenge in the Global Economy
The Salzburg Summit 2024 provided a platform for discussions on the pressing economic and political challenges facing Europe. One of the central debates revolved around the tense relationship with the major economic power China and the resulting impact on European competitiveness.
July 25, 2024
Signa Group in Crisis: Saudi Arabian Sovereign Wealth Fund Seeks Complete Takeover of Selfridges
The economic turbulence surrounding the Austrian Signa Group has taken a new turn: The Saudi sovereign wealth fund Public Investment Fund (PIF) is planning a complete takeover of the renowned British department store Selfridges. This announcement comes at a time when Signa, under the leadership of founder René Benko, is facing significant financial challenges.
July 25, 2024
Focus on Austria: EU Commission Launches Four Infringement Proceedings
The European Commission has today launched four new infringement proceedings against Austria as part of its monthly package of measures against Member States. The proceedings concern critical areas such as the environment, banking, and transport and underline the need to correctly implement European directives.
July 25, 2024
EU Rule of Law Report: Clear Criticism of Austria and Hungary
The EU Commission has sharply criticized the situation in Austria and Hungary in its latest Rule of Law Report 2024. The main focus is on political influence on the judiciary and a lack of transparency. The report, published annually since 2020, analyzes the state of the judiciary, media, and rule of law in the 27 EU member states and makes concrete recommendations for necessary reforms.
July 24, 2024
Imfarr: Another Austrian Real Estate Developer in Insolvency
The Viennese real estate developer Imfarr Beteiligungs GmbH has applied to the Vienna Commercial Court for restructuring proceedings without self-administration. The company's liabilities amount to around 604 million euros. This affects 18 employees and around 110 creditors.
July 23, 2024
False Accusations Against Federal Police Chief Takacs in Wirecard Case Must Be Revoked by FPÖ
Austrian domestic politics recently experienced a considerable shake-up due to false accusations by the FPÖ, which claimed that Federal Police Director Michael Takacs had met with the fugitive ex-Wirecard manager Jan Marsalek on several occasions. These accusations led to legal action by Takacs, which resulted in a retraction and a cease-and-desist declaration by the FPÖ.
July 21, 2024
Vienna's Mayor Ludwig Reacts to Gang Violence in the City
In recent weeks, there has been a series of violent clashes between ethnic groups in Vienna, which have unsettled the population. The recent incident at Yppenplatz in Ottakring in particular, in which two men were seriously injured, has further exacerbated the situation. In response, Mayor Michael Ludwig has announced that the city's rapid reaction force will be increased in terms of personnel, while at the same time demanding comprehensive measures from the federal government.
July 21, 2024
Twelve New Black Hawk Helicopters for the Austrian Armed Forces
The contract for the purchase of twelve UH-60M Black Hawk helicopters for the Austrian Armed Forces has been signed. This significant purchase represents an important step towards modernizing and expanding the Austrian Armed Forces' aircraft fleet.
July 15, 2024
Austria Businesses Heading for a Record Year of Bankruptcies in 2024
Austria is facing a possible record year for corporate insolvencies in 2024. The current economic situation shows a significant increase in insolvencies, especially in the first half of the year.
July 15, 2024
North Korean Agents in Vienna: A Network of Espionage and Currency Procurement
Vienna, the capital of Austria, is not only known for its high quality of life and cultural diversity but also conceals a network of espionage and illegal activities that extends to North Korea. New revelations shed light on the covert operations of the Kim regime, which cleverly uses its presence in Vienna to procure foreign currency and gather knowledge for nuclear armament.
July 11, 2024
Austrian Foreign Minister Schallenberg Opposes Boycott of Hungary's EU Presidency
Austrian Foreign Minister Alexander Schallenberg has firmly opposed a boycott of Hungary's EU Presidency, despite the controversial solo actions of Hungarian Prime Minister Viktor Orbán, who recently traveled to Moscow without an EU mandate. Schallenberg emphasized the importance of maintaining a professional working relationship within the EU.
July 10, 2024
Harald Vilimsky Becomes Vice President of the "Patriots for Europe" Faction in the EU Parliament
On July 8, 2024, the new faction "Patriots for Europe" was founded in the European Parliament. With 84 members from twelve countries, this group represents the third-largest faction and is led by Jordan Bardella, the chairman of the French Rassemblement National (RN).
July 9, 2024
Austria's Challenges and Successes in the OECD Report
The OECD has presented its latest country report for Austria. Every two years or so, the Organization for Economic Cooperation and Development analyses each member country as a whole and summarizes the findings of this analysis in a comprehensive report. Austrian policymakers have now taken up this report and are hotly debating it.
July 9, 2024
Politicians Debate Austrian Foreign Policy in Times of Global Change
Austrian foreign policy was the focus of a topical debate with Foreign Minister Alexander Schallenberg during the Federal Council session. Under the title "Austria's Foreign Policy in a Time of Global Change", the Federal Councillors discussed the challenges and direction of Austrian neutrality as well as the integration of the Western Balkans into the European Union.
July 8, 2024
Reorganization Proceedings of Signa Prime Selection Fail in Court for the Time Being
In a significant decision, the Vienna Higher Regional Court (OLG) upheld the appeal of the Finanzprokuratur against the trustee restructuring plan of Signa Prime Selection AG. The reorganization plan previously confirmed by the Commercial Court of Vienna was thus annulled.
July 8, 2024
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