Austrian News

Former Chancellor Karl Nehammer Nominated for Top Job at EU Bank

Finance Minister Markus Marterbauer (SPÖ) has nominated former Federal Chancellor and ex-ÖVP leader Karl Nehammer for a position on the Board of Directors of the European Investment Bank (EIB).

April 1, 2025

Vienna as a Safe Haven for Ukrainian Corruption Suspects

In recent years, Vienna has become a preferred retreat for Ukrainian citizens who are wanted in their home country on corruption charges. Among them are high-ranking personalities such as the former head of the National Bank, Kyrylo Shevchenko, a former deputy minister, the chairman of a state-owned arms company, a former member of parliament, and several oligarchs. Austria's cautious extradition practice compared to countries such as Germany or Poland contributes to this trend.

March 31, 2025

Austria's Budget Crisis: Between Austerity Measures and Deficit Procedures

The Austrian government is facing one of the biggest financial challenges in recent years: the budget deficit, originally estimated at 6.4 billion euros, has almost doubled according to current forecasts and could reach up to twelve billion euros. This dramatic development forces the coalition of ÖVP, SPÖ, and NEOS to rethink their austerity plans and possibly face an EU deficit procedure.

March 31, 2025

Austria Wants to Join the UN Security Council: Meinl-Reisinger Launches Campaign in New York

Austria's Foreign Minister Beate Meinl-Reisinger (NEOS) has launched the official campaign for Austria's candidacy for a non-permanent seat on the UN Security Council for 2027/28 in New York. She used emphatic words to call for the preservation of the rules-based international order and campaigned for Austria's renewed entry into the most powerful body of the United Nations.

March 26, 2025

Russian Espionage Affair in Austria: A Targeted Disinformation Campaign in the Heart of Europe

Austria is once again at the center of an espionage scandal: The Directorate for State Security and Intelligence (DSN) has uncovered an extensive Russian disinformation campaign aimed at manipulating public opinion in favor of Russia and to the detriment of Ukraine.

March 24, 2025

Signa Insolvency: Trustee in Bankruptcy Demands the Return of Gifts From Nathalie Benko

Real estate and trading mogul René Benko has been in custody in the Vienna-Josefstadt prison since January 24, 2025. Meanwhile, bankruptcy trustee Andreas Grabenweger is trying to shed light on the complex asset structures surrounding the Signa Group and uncover possible asset shifts.

March 24, 2025

Significant Increase in Terrorism and Youth Crime Cases in Vienna

Vienna is facing a noticeable increase in terrorism and youth crime cases. Recent figures from the Public Prosecutor's Office reveal a sharp rise over the past two years. What factors are driving this development, and how are authorities responding? Here’s what the authorities know so far.

March 20, 2025

Economic Forum in Vienna: Poland and Austria in Dialogue on Security and Economy

As part of the Polish EU Council Presidency, the high-caliber forum “Ensuring Security and Freedom of Business - Polish and Austrian Perspectives” took place at the headquarters of the Austrian Federal Economic Chamber (WKÖ). The event, which was organized by the Polish Embassy in Vienna in cooperation with the WKÖ, brought together over 130 representatives from public institutions, business organizations, and various industries from both countries. The event aimed to discuss current challenges and opportunities in the areas of energy security, digital transformation, and economic policy at the EU level.

March 19, 2025

Vienna Elections 2025: Citizenship and Voting Rights at the Center of the Debate

Vienna's municipal and district council elections are scheduled for April 27. Originally planned for the fall, the election was brought forward in order to send a signal against a possible FPÖ-ÖVP federal government. In addition to party political strategies, one debate dominates the political landscape: the question of voting rights and citizenship.

March 19, 2025

Steyr Motors Flying High: Defense Business and Expansion Drive Growth

The Austrian specialty engine manufacturer Steyr Motors is experiencing a remarkable economic upswing. Thanks to the increased demand for military technology, in particular high-performance engines for armored vehicles and special boats, the company was able to significantly increase its sales and profits. In addition, consistent expansion in Asia, the Middle East, and North Africa is ensuring further growth.

March 18, 2025

Austrian Chancellor Stocker and Austrian EU Commissioner Brunner Discuss New EU Migration Policy

Chancellor Christian Stocker received EU Commissioner Magnus Brunner for a meeting at the Federal Chancellery. The meeting focused on measures to combat irregular migration and the reform of the European asylum system. Brunner recently presented a new proposal for an EU Return Regulation, which provides for more efficient deportations and establishing return centers outside the EU. Austria and Stocker have signaled their support for this initiative to their party colleague and are pushing for its swift implementation.

March 18, 2025

Austrian Bishops' Conference Meets in Hungary for the First Time Without Cardinal Schönborn

For the first time in its history, the Austrian Bishops' Conference is holding its spring plenary meeting at the Benedictine Archabbey of Pannonhalma in Hungary. Following the resignation of Cardinal Christoph Schönborn, he will no longer be attending the meeting. He will be replaced by the Apostolic Administrator Josef Grünwidl.

March 14, 2025

Austria Plans Decision on Long-Range Missile Defense by 2028

The Austrian government has set itself the goal of making a decision on the acquisition of a long-range air defense system by 2028.

March 14, 2025

Vienna as a UN Location More Important Than Ever: Foreign Minister Meinl-Reisinger Reaffirms Austria's Commitment

Vienna is considered one of the most important UN locations in the world. Austria's Foreign Minister Beate Meinl-Reisinger visited the Vienna International Centre (VIC) to emphasize the importance of the UN headquarters for Austria and the international community. In talks with high-ranking UN representatives, she reaffirmed Austria's support for multilateral cooperation and the rules-based world order. But what specific tasks does the UN perform in Vienna and why are they more urgent than ever today?

March 13, 2025

Increasing Risk of Espionage for Austrian IT Companies

Austrian companies are increasingly being targeted by foreign intelligence services. According to a recent study by the Directorate of State Security and Intelligence (DSN) in the Ministry of the Interior, which was carried out in cooperation with the Chamber of Commerce and the Federation of Austrian Industries, almost one in ten companies stated that they had already been the victim of espionage. The IT sector is particularly affected. Experts also assume that the number of unreported cases is high.

March 13, 2025

Future of Benko Villa Igls Uncertain After All: City of Innsbruck Rejects Hotel Plans

The planned rededication of Villa Igls, once a renowned castle hotel and later the residence of the now-imprisoned real estate entrepreneur René Benko, has met with resistance from the city of Innsbruck. The Laura Private Foundation, whose sole benefactor is Benko's mother, was planning to use the building for tourism, but the city council has now clearly rejected these plans. At the same time, Benko remains in custody as the judiciary has made serious allegations against him.

March 12, 2025

Austria Threatened by Recession: Finance Minister Marterbauer Warns of Difficult Year Ahead

Finance Minister Markus Marterbauer (SPÖ) made a grim forecast for the Austrian economy at a meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Brussels. According to Marterbauer, the country must expect a recession in 2025. This could have far-reaching consequences for the budget and the government's ability to act financially. Despite this negative development, the federal government is sticking to its goal of avoiding an EU deficit procedure.

March 12, 2025

Russian Ambassador Lyubinsky Sharply Criticizes Austria

The Russian Ambassador to Austria, Dmitry Lyubinsky, delivered a speech before the members of the "Society for Friendship with Austria" (ROO). The event, originally intended to promote cultural and civil society exchange, turned into a sharp political reckoning with the Austrian government.

March 11, 2025

Dorothy Khadem-Missagh: A Milestone for Women in the Conducting World

The Vienna Musikverein experienced a special event: the Lower Austrian pianist and conductor Dorothy Khadem-Missagh made her debut as a conductor in this renowned concert hall on the occasion of International Women's Day. Conducting the Beethoven Spring Festival Orchestra, which she founded, she presented a program that paid tribute to strong women in music history.

March 9, 2025

Luxury Villa Becomes Wellness Hotel: Benko Family Leaves Estate in Igls

Following the insolvency of Signa and the imprisonment of company founder René Benko, his family is leaving the luxury villa in Igls. The property is to be converted into a wellness hotel. Meanwhile, a court ruling makes new headlines in the Benko case.

March 9, 2025

Vienna Plan 2035: Urban Development Without New Building Areas

The new Urban Development Plan 2035, known as the “Vienna Plan”, has been officially presented. It sets out the framework for the city's spatial development in the coming years and takes particular account of the forecast population growth. One decision in particular is surprising: No new large urban development areas are planned for the time being and the focus will be on sustainability and climate protection.

March 6, 2025

Austrian Government Program Promoting Researchers: Universities Between Approval and Criticism

The new government program presented by the ÖVP, SPÖ, and NEOS has caused mixed reactions in the science and higher education community. While the research community is positive about the plans to strengthen research funding and innovation promotion, universities are warning of problematic changes to the higher education sector.

March 5, 2025

Austria Suspends Family Reunification for Asylum Seekers: Interior Minister Karner Informs the EU

The Austrian federal government is temporarily suspending family reunification for asylum seekers. Interior Minister Gerhard Karner (ÖVP) presented the plan at a meeting with his EU counterparts in Brussels and submitted a corresponding letter to the European Commission. The measure, which was laid down in the government agreement between the ÖVP, SPÖ, and NEOS, is causing heated debate.

March 5, 2025

New Economics Minister Hattmannsdorfer Against the Deindustrialization of Austria and Europe

Dr. Wolfgang Hattmannsdorfer (ÖVP) sent out a signal for the importance of industry in Austria with his first official company visit as Minister of Economic Affairs. The trip took him to his hometown of Linz to voestalpine, where he emphasized that the business location is facing decisive challenges. The new minister assured that “the stop button for industrial migration” would be pressed with the new government program.

March 5, 2025

Beate Meinl-Reisinger: Austria's New Voice in World Politics

The inauguration of Beate Meinl-Reisinger as Federal Minister for European and International Affairs marks the beginning of a new era in Austrian foreign policy. The long-time NEOS leader takes over the prestigious ministerial office in the newly formed federal government under Chancellor Christian Stocker (ÖVP). This government formation also marks a historic first: for the first time in Austria's history, the liberal NEOS party is represented in the federal government.

March 4, 2025

Alexander Schallenberg's Farewell from Politics: “There Can not be a Perpetrator-Victim Reversal”

After almost six years in government, Foreign Minister and two-time interim chancellor Alexander Schallenberg (ÖVP) is leaving the political stage. In a farewell interview, he talks about his time in office, the geopolitical challenges under Donald Trump, and his plans for the future.

March 4, 2025

A New Chapter for Austria: The Faces of the Federal Government 2025

The inauguration of the new federal government marks the beginning of a new era in Austrian politics. For the first time, a three-party coalition of the ÖVP, SPÖ, and NEOS, led by Federal Chancellor Christian Stocker (ÖVP), is in power. He is joined by Vice-Chancellor Andreas Babler (SPÖ) and Foreign Minister Beate Meinl-Reisinger (NEOS). The new government has 21 members in total. But who are the people who will steer the country's destiny in the coming years?

March 3, 2025

Austria's New Federal Government Sworn In: A Coalition of Compromises

After a historic five-month struggle to form a government, Chancellor Christian Stocker (ÖVP), Vice-Chancellor Andreas Babler (SPÖ), and Foreign Minister Beate Meinl-Reisinger (NEOS) were sworn in together with their ministerial teams by Federal President Alexander Van der Bellen in Vienna's Hofburg Palace. The coalition, which seems unusual at first glance, promises a pragmatic approach, but key points of contention have been postponed for the time being.

March 3, 2025

Austria Secures EU Approval for First European Chips Act Project

The European Commission has granted funding for a state-of-the-art semiconductor production facility by Austrian manufacturer ams OSRAM AG in Premstätten, Styria. With a total investment of €567 million, including up to €227 million in government support, the project aims to enhance Europe’s technological resilience and supply chain security.

February 25, 2025

Rise in Corporate Insolvencies in Austria Reaches New High

The tense economic situation led to a significant increase in corporate insolvencies in Austria in 2024. According to the latest data from Creditreform, around 6,700 company bankruptcies were recorded, an increase of 22% compared to the previous year.

February 24, 2025

Financial Police Operations at the Hahnenkamm Race Lead to Significant Fines

The annual Hahnenkamm race in Kitzbühel is not only a major sporting event but also a key economic driver for the region. Alongside the excitement on the slopes, Austrian authorities carry out strict regulatory checks to ensure compliance with tax and labor laws. This year, the Financial Police, part of the Office for Fraud Prevention, conducted extensive inspections targeting various businesses involved in the event.

February 23, 2025

ÖVP and SPÖ Achieve Breakthrough in Budget Negotiations

In the ongoing coalition talks between the Austrian People's Party (ÖVP) and the Social Democratic Party of Austria (SPÖ) without a mandate to form a government, a significant agreement has apparently been reached. According to several media reports, the two parties have been able to agree on a joint budget for the coming years. Official confirmation is still pending, but there are increasing signs that the negotiations are entering the home straight.

February 20, 2025

Future of KTM and Pierer Industrie AG on the Brink

The coming days could be decisive for the renowned Austrian motorcycle manufacturer KTM and its parent company, Pierer Industrie AG. While KTM wants to secure its future with a comprehensive restructuring plan, Pierer Industrie AG faces a groundbreaking creditor decision as part of a restructuring procedure applied for the first time in Austria. In addition, geopolitical factors and global economic developments play a key role in the continued existence of the Group.

February 20, 2025

German Election and AfD in the Wake of a Donation Scandal from Austria

The German parliamentary elections are approaching, and yet another donation scandal is rocking the Alternative for Germany (AfD). The focus is on millions of euros that are said to have flowed from Austria - in some cases in a questionable manner. While the Austrian authorities are investigating the suspicion of money laundering, the question arises as to what extent actors from the Alpine country are influencing the German election campaign.

February 19, 2025

Citizens' Initiative Calls for an Austrian State Bitcoin Reserve

A new Citizens' initiative is causing a stir in Austria: A group of Bitcoin enthusiasts is calling for establishing a state Bitcoin reserve worth 2.3 billion euros. The initiators see this as a strategic hedge against inflation and an opportunity to achieve financial independence for the country. However, the project is not without controversy.

February 18, 2025

Oligarchs and Their Real Estate: How Effectively Is Austria Implementing the Russia Sanctions?

Almost three years after Russia's invasion of Ukraine, experts and politicians are puzzled as to how seriously Austria is implementing the EU sanctions against Russian oligarchs. Research shows that only nine properties have been frozen in this country, while other EU states are more transparent with their measures and enforce them more strictly.

February 17, 2025

Deadly Knife Attack in Villach: 14-Year-Old Killed, Five Injured

A shocking knife attack in Villach, Austria, has left a 14-year-old boy dead and five others injured. The attack, which occurred on the afternoon of February 15, was carried out by a 23-year-old Syrian man who, according to authorities, may have been radicalized through online platforms.

February 17, 2025

Gas Drilling in Molln: Economic Interests vs. Nature Conservation

The debate about gas drilling in Molln in the Kirchdorf district continues to intensify. While the Australian-Austrian company ADX Energy wants to expand its exploration efforts, opposition from environmental associations and political representatives is growing. The Constitutional Court (VfGH) has now issued a ruling that could have far-reaching consequences for future drilling projects.

February 13, 2025

Failure of the Coalition Negotiations Between the FPÖ and ÖVP: Relieving Reactions and a Sobering Outlook

The coalition negotiations between the Freedom Party of Austria (FPÖ) and the Austrian People's Party (ÖVP) have failed. Following a meeting with Federal President Alexander Van der Bellen, FPÖ leader Herbert Kickl announced that he had resigned from the government. The main point of contention was the distribution of ministries, particularly the interior and finance portfolios, which both parties claimed for themselves.

February 13, 2025

European Commission Sues Seven Member States Including Austria for Failure to Implement the NPL Directive

The European Commission has filed a complaint against Austria and six other EU Member States with the European Court of Justice (ECJ). The reason: these countries have not transposed the EU Non-Performing Loans (NPL) Directive into national law on time.

February 12, 2025

Coalition Negotiations in Austria Failed: Political Future Uncertain

Austria is facing a political turning point: after weeks of negotiations, talks between the Freedom Party of Austria (FPÖ) and the Austrian People's Party (ÖVP) have broken down. The talks thus met the same fate as those between the ÖVP, SPÖ, and NEOS. With the collapse of the negotiations, the question now arises as to how things will continue politically and whether a new election is inevitable.

February 12, 2025

Steyr Arms Pushes Expansion - Austria as a Location in Danger?

The Austrian arms manufacturer Steyr Arms, part of the Czech investment group RSBC since 2024, is planning extensive expansion in the US and European markets. At the same time, the site in Austria is coming under pressure as export licenses are being delayed. While the company management wants to secure the future of the traditional business with new strategic decisions, a relocation could be considered.

February 11, 2025

Austria at Unprecedented Low in International Corruption Ranking

Political scandals, a lack of transparency and structural deficits have brought Austria to a new low in the international corruption index. Transparency International is sounding the alarm and calling for far-reaching reforms to restore trust in the rule of law.

February 11, 2025

PaN President Hermann Mückler Awarded Golden Medal of Honor for Services to the State of Vienna

Prof. Dr. Hermann Mückler, President of the umbrella organization of all Austrian-foreign societies (Partner aller Nationen, PaN), was awarded the Golden Medal of Honor for Services to the State of Vienna. The festive ceremony took place in the magnificent Coat of Arms Hall of Vienna City Hall. The award was presented by Member of Parliament Dr. Ewa Samel on behalf of the Governor of Vienna, Dr. Michael Ludwig.

February 10, 2025

Shock for Austrian Foreign Trade: Weak Demand from Abroad Depresses Exports

The Austrian economy is facing a new challenge: exports slumped more sharply in November 2024 than they have for years. In particular, weak demand from Germany and the EU is causing concern - experts are warning of long-term consequences for industry and the labor market.

February 7, 2025

Scientists Warn Against Potential FPÖ-Led Government

Fearing for the country's democratic foundations and the integrity of its research institutions, leading scientists and scholars have united their voices in an open letter against a potential FPÖ-led Government. Their message is clear: the future of Austria’s liberal democracy, human rights, and academic freedom hangs in the balance.

February 6, 2025

A Sign of Friendship: The New Year's Meeting of the Austrian-Polish Society in Vienna

Bilateral relations between Austria and Poland are an important pillar of European cooperation and thrive not only through diplomatic meetings, but also through cultural and scientific exchange. The New Year's meeting of the Austrian-Polish Society in Vienna was an impressive example of how tradition and a vision for the future come together in a festive setting.

February 6, 2025

Labor Market in Austria 2024: Number of Vacancies Significantly Decreased

The Austrian labor market is facing an apparent contradiction: while companies are complaining about an acute shortage of skilled workers, vacancies fell significantly in 2024. Rising unemployment figures meet unfilled positions, and many industries are struggling with economic uncertainties. What is behind this development?

February 6, 2025

Austria's Federal President Van der Bellen Calls on Diplomacy for Unity

In his traditional speech at the New Year's reception for the diplomatic corps in Vienna's Hofburg, Austrian President Alexander Van der Bellen highlighted the challenges of the current global situation. He emphasized the need for closer international cooperation, warned against increasing disinformation, and called for greater efforts to combat the climate crisis.

February 5, 2025

Coalition Negotiations Between FPÖ and ÖVP Enter Decisive Phase

The coalition negotiations between the Freedom Party of Austria (FPÖ) and the Austrian People's Party (ÖVP) are reaching a critical juncture. According to party sources, FPÖ leader Herbert Kickl and ÖVP chairman Christian Stocker are meeting today and tomorrow in a smaller circle for discussions. The goal is to overcome unresolved issues and lay the foundation for a joint government. However, differences remain significant.

February 3, 2025