Austrian News

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

Official Visit of Hungarian President Tamás Sulyok to Austria

The official visit of Hungarian President Tamás Sulyok to Austria began with a festive reception at the Hofburg Palace in Vienna. Federal President Alexander Van der Bellen warmly welcomed his counterpart and emphasized the long tradition of close cooperation between the two countries. The reception took place with military honors, symbolizing the deep-rooted friendship between Hungary and Austria.

July 7, 2024

Salzburg Forum Ministerial Conference 2024: ICMPD at the Center of Efforts against Migration and Human Trafficking

The ministerial conference of the "Forum Salzburg" in Laxenburg took place under the leadership of the Austrian Minister of the Interior Gerhard Karner. It attracted high-ranking representatives from the Forum's member states as well as the EU Commission and various regional and EU agencies. Discussions focused on topics such as asylum and migration, the fight against people smuggling, and measures against extremism and terrorism.

July 2, 2024

Economic Outlook in Austria: High Inflation and Stagnation Until 2026

The Austrian Institute of Economic Research (WIFO) has published a comprehensive analysis of economic development and inflation forecasts for Austria, covering the years 2024 to 2028. The study shows that Austria will continue to struggle with high inflation until mid-2026 before the European Central Bank's (ECB) target of two percent is reached. At the same time, the economy will not see a slight recovery until 2025.

July 1, 2024

Kickl, Orbán, and Babiš: An Alliance for a New Right-Wing Europe

At a joint press conference in Vienna, FPÖ leader Herbert Kickl, Hungarian Prime Minister Viktor Orbán, and former Czech Prime Minister Andrej Babiš announced the formation of a new right-wing group in the European Parliament. This "patriotic" alliance is to become the largest right-wing group in the EU Parliament and aims to form a strong opposition force against the established parties.

June 30, 2024

Vienna Once Again Named the World's Most Liveable City

Vienna has done it again: for the third time in a row, the Austrian capital has been named the most liveable city in the world by the British "Economist" group. In the annual "Global Liveability Ranking", Vienna beat 172 other cities to take the top spot once again.

June 27, 2024

Schwarzenegger's Climate Conference in Vienna: "Austrian World Summit" Calls for Concrete Measures

The "Austrian World Summit" (AWS) took place in Vienna for the eighth time. Host Arnold Schwarzenegger and several prominent guests emphasized the urgency of concrete climate protection measures. Around 700 international visitors, including high-ranking politicians and experts, gathered in the Vienna Hofburg to discuss the future of a clean energy supply and the fight against climate change.

June 20, 2024

Signa Group Stabilizes After Insolvency: Former CFO Retires

Following the collapse of the real estate group Signa, the former CFO Manuel Pirolt sees the company stabilized and announces his resignation.

June 20, 2024

25 Years "Partnership for Peace Consortium": Anniversary Celebration and Signing of a Memorandum of Understanding

NATO Headquarters in Brussels hosted an important celebration on Friday to mark the 25th anniversary of the Partnership for Peace Consortium of Defense Academies and Security Studies Institutes (PfPC). At the invitation of the German Minister of Defense, high-ranking representatives of the "Stakeholder Nations" came together to pay tribute to the successes and future goals of the consortium.

June 20, 2024

Farewell to Brigitte Bierlein: A Role Model for Generations

Austria has bid farewell to Brigitte Bierlein, the country's first female chancellor, who passed away at the beginning of June. The funeral services began with a solemn requiem in St. Stephen's Cathedral and ended with the burial at Vienna's Central Cemetery. Bierlein was not only honored as an outstanding lawyer and politician, but also as a courageous and far-sighted woman who was always ready to take on responsibility.

June 16, 2024

30 Years of the EU Referendum: A Success Story for Austria

On June 12, 1994, a groundbreaking referendum was held in Austria, in which two-thirds of the population voted in favor of joining the European Union. This decision laid the foundations for a new era of economic, political, and social integration of Austria in Europe. Since its official accession on January 1, 1995, the country has changed considerably and has since benefited from EU membership in many ways.

June 12, 2024

Austrian FPÖ Demands Right to Appoint Austrian EU Commissioner

Shortly after its triumphant success in the EU elections, the Freedom Party of Austria appears strong and confident. Now the FPÖ is emphatically demanding the right to appoint the Austrian EU Commissioner.

June 11, 2024

Shift to the Right in the EU and its Impact on Austria and Europe

The recent EU parliamentary elections have shown a clear shift to the right across Europe, particularly in Austria, where the FPÖ celebrated historic successes. These results put the political stability and future direction of the EU to the test.

June 10, 2024

Shield 24: Largest Austrian Armed Forces Exercise in a Decade

From June 10 to 21, 2024, the Austrian Armed Forces will be conducting the most comprehensive military exercise of the last ten years. Around 7,500 soldiers and civilian staff will take part in “Schutzschild 24”, supported by international forces from Germany, Sweden, Croatia, Bosnia and Herzegovina, and Montenegro.

June 9, 2024

Unrestricted Access to the Labor Market for Ukrainian Refugees in Austria Decided

Ukrainians who have fled the war should be able to participate in the Austrian labor market permanently and without restrictions. The Social Affairs Committee of the National Council today pushed the extension of the “Red-White-Red Card Plus” towards a final decision in plenary. The governing parties ÖVP and Greens, as well as the NEOS, voted in favor, while initiatives by the NEOS and FPÖ on immigration were postponed.

June 6, 2024

Austria, Lithuania, and Latvia Join Forces to Strengthen Europe's Cyber Defense

Austria is intensifying its cyber defense by participating in the PESCO project “Cyber Rapid Response Team” initiated by Lithuania. Defense Minister Klaudia Tanner signed this agreement at the meeting of defense ministers in Brussels, together with Latvia, and in the presence of Lithuanian Defense Minister Laurynas Kasčiūnas.

June 5, 2024

Former French President François Hollande Signs the Golden Book of the City of Vienna

Former French President and Social Democrat François Hollande signed the Golden Book of the City of Vienna. Mayor Michael Ludwig and high-ranking representatives of the City of Vienna received the former head of state and his delegation in the Red Salon of City Hall.

June 2, 2024

Othmar Karas Warns Against Extremism and Emphasizes the Importance of the Political Center in Europe

Around two weeks before the EU elections, the outgoing first Vice-President of the European Parliament, Othmar Karas (nor ÖVP), issued an urgent warning about the dangers of "extremism and nationalism". At a press conference at the party headquarters of the South Tyrolean People's Party (SVP) in Bolzano, Karas emphasized the need for a strong "political center" characterized by cooperation and compromise.

May 27, 2024

Anti-Muslim Racism in Austria Reaches New High

The Documentation Center Islamophobia and Anti-Muslim Racism (Documentation Center Austria) recently published worrying figures for the year 2023. A total of 1,522 cases of racist attacks on Muslims were recorded, which is the highest number since records began in 2015.

May 27, 2024

Supply Stop and Human Rights Allegations for OMV

OMV, Austria's leading energy company, is currently under immense pressure. Two developments could have a significant impact on the company and the Austrian energy market: the threat of Gazprom stopping gas supplies and serious allegations of involvement in war crimes against former OMV executives in Sudan.

May 22, 2024

Austria's Constitutional Protection Agency Warns of Chinese Economic Espionage

The Austrian Office for the Protection of the Constitution has issued an urgent warning about Chinese industrial espionage. Small and medium-sized enterprises and research centers are particularly at risk.

May 20, 2024