Vienna International Business News | Economic | Investment | Financial - Vindobona.org

These Covid Rules Apply After the Lockdown for Vienna and Surroundings

The Austria-wide lockdown ended yesterday and applies to vaccinated and recovered individuals (2G). For the unvaccinated, the lockdown continues to be in effect. What new rules now apply at the federal level and in Vienna and the province of Lower Austria (Wien und Umgebung)?

December 13, 2021

After Pandemic Shock, Strong Upturn in Foreign Trade: China +26.4 %, USA +18 %

New data for January to September 2021 shows that Austria's foreign trade is returning to pre-pandemic levels. Read about Austria's improving trade figures.

December 10, 2021

Austrian Compulsory Vaccination Bill is Ready: "We Want Freedom Back!"

The Austrian government has announced that the controversial compulsory vaccination bill is finally ready. Read what Constitutional Minister Edtstadler said about the bill and regaining freedom.

December 10, 2021

Inaugural Statement of Austria's New Chancellor: "We Want to Reconcile with History"

Newly appointed Austrian Chancellor Karl Nehammer delivered his inaugural statement to the National Council. Read what the new chancellor said are some of the key issues his government will focus on.

December 10, 2021

Russian Trade Representation in Austria Celebrated 100th Anniversary

The Russian Trade Mission in Austria celebrated its 100th anniversary on December 7, 2021. On this day, exactly 100 years ago, the agreement between Russia and Austria was signed, after which the Trade Representation of Soviet Russia in Austria was established.

December 8, 2021 · Updated: December 8, 2021; 18:20

Luxury Goods Group: Swarovski Drops Further in Ranking

The famous Austrian crystal glass manufacturer Swarovski has fallen a further 3 places on the global ranking of luxury goods sales. The company's sales also halved between 2017 and 2020 from 3.5 billion euros to 1.7 billion euros. Read about Swarovski's decline in sales and the general downturn in the luxury goods industry.

December 8, 2021

Austrians Abroad Want Dual Citizenship at Last

There are growing calls among Austrians abroad for a change to Austria's strict laws regarding dual citizenship. Read about the citizens' initiative "Dual Citizenship for Austria" and the increasing support it is receiving from Austrians abroad, expats in Austria, and Austrian politicians.

December 8, 2021

Who Is the New Austrian Minister of Finance Dr. Magnus Brunner?

The new Austrian Minister of Finance, Dr. Magnus Brunner, has assumed his new position after being sworn in by President Van der Bellen. Learn more about Dr. Brunner and his career prior to becoming finance minister.

December 8, 2021

New 153-Meter Luxury Tower V22 in Vienna to be Completed by 2025

Construction is currently underway on a new 153-meter luxury tower in Vienna's 22nd district. The project, known as VIENNA TWENTYTWO or V22, is expected to be fully complete by 2025. Learn more about one of Vienna's largest urban development projects and see what it is expected to look like upon completion.

December 7, 2021

Wirecard Scandal: Europol Manhunt for Europe's Most Wanted "Marsalek"

Former COO of Wirecard Jan Marsalek, one of Europe's most wanted fugitives, is still the target of an international manhunt for his suspected role in a multi-billion euro fraud scheme. Read about the ongoing search for Marsalek and Europol's 2021 "EU's Most Wanted" campaign.

December 7, 2021

Austria's Mandatory Vaccination Bill on the Table

The first draft of Austria's mandatory COVID-19 vaccination bill is now available, and it details fines for the unvaccinated beginning in March 2022. Learn how much the fines could be and who may qualify for an exemption from compulsory vaccination.

December 6, 2021

State of Emergency in Vienna: Numerous Demonstrations against Anti-Corona Measures

Vienna was once again subject to demonstrations against measures taken by the Austrian government to combat the spread of the coronavirus. Read about the massive demonstrations and clashes with police in Austria's capital.

December 6, 2021

Staying Overnight in Vienna During Covid-Lockdown

During the current 4th Austrian Lockdown (November 22 to probably including December 12, 2021) overnight stays in Viennese hotels are allowed for business reasons, but not for personal reasons. Find out what the requirements for an overnight stay in a Viennese hotel are and what exemptions are possible.

December 2, 2021

City of Vienna Partner Lab Massively Expands Covid-19 Laboratory

The Lifebrain laboratory, which partners with the City of Vienna, is undergoing a massive expansion on its COVID-19 laboratory. This expansion comes just weeks after an unfair competition lawsuit brought against Lifebrain by the Vienna Medical Association was dismissed. Read about Lifebrain's lab expansion and legal issues.

December 1, 2021

Controversial Chinese 5G Network Operator Huawei Appointed New Austria CEO

The Mainland Chinese Harvey Zhang (38) has been appointed CEO of Huawei Technologies Austria, effective immediately. He replaces Jackie Zhang (38), who was appointed as the new Austria boss just a few months ago.

December 1, 2021

The Percentage of Austrians Born Abroad Rises from 20% to 27%

Austria's population is growing and aging. In 2020, actually life expectancy has decreased by half a year. There are more seniors than under-20s. In 2022, the population is expected to reach nine million.

November 30, 2021

President of the German Chamber of Commerce in Austria Urges People to Vaccinate

Hans Dieter Pötsch, President of the German Chamber of Commerce in Austria (DHK), recently urged everyone to get vaccinated during the 66th General Assembly of the DHK. Read about Mr. Pötsch's urgent appeal and his outlook on economic relations between Germany and Austria.

November 30, 2021

Covid Lockdown Controls: Already 386,000 Inspections and 3,700 Charges

Since the beginning of the intensive COVID-19 lockdown controls, the Austrian police have conducted 386,000 and filed 3,700 charges. Read about the strict enforcement of the latest Covid lockdown.

November 29, 2021

The Consequences of the COVID-19 Pandemic for Austria's Economy

The consequences of COVID-19 pandemic continue to determine economic activity in Austria and the banks’ higher resilience has been key to COVID-19 response.

November 29, 2021

Naturalizations in Austria Up 21.1% Year on Year in the First Three Quarters of 2021

In the first nine months of 2021, Austrian citizenship was granted to 7,676 persons, including 1,131 persons residing abroad. With 368 naturalizations, the United States ranks fourth. Find out which other countries the new citizens come from.

November 26, 2021

Explained: Compulsory Covid Vaccination for All in Austria as of February 2022

The Austrian government has announced that vaccination against COVID-19 will be mandatory as early as February 2022. Learn more about the new law and what it means for people in Austria.

November 25, 2021

Air Travel to Austria: How Does Entry Work During the Fourth Lockdown?

The current lockdown in Austria due to COVID-19 has yet again complicated entry regulations for travelers. Inform yourself of the latest entry requirements for air travelers arriving in Austria and testing options at Vienna International Airport.

November 25, 2021

Western Balkans: Foreign Minister Linhart Visits Albania and North Macedonia

Foreign Minister Linhart, accompanied by an Austrian business delegation, visited the Western Balkan States of North Macedonia and Albania. Read about the foreign minister's meetings with various government officials, as well as his meetings with local business people as part of the ReFocus Austria initiative.

November 22, 2021

Covid in Austria: Lockdown From Monday, Immediate Tightening of Measures in Vienna

Chancellor Schallenberg and Health Minister Mückstein have announced a nationwide lockdown for Austria beginning Monday. As of February 1, 2022, vaccination will be mandatory in Austria. Additionally, Vienna has announced a tightening of COVID-19 measures effective immediately. Read about the upcoming lockdown and the new measures in Vienna.

November 19, 2021

Japanese Life Sciences Corporation Invests More Than 100 Million Euros in Vienna

The Japanese life sciences company Takeda Pharmaceutical Company Limited is investing more than 100 million euros in a new building in Seestadt, Vienna. Read about the massive investment and see a picture of what it is supposed to look like upon completion.

November 18, 2021

Emirate of Qatar and Vienna to Cooperate in Cultural and Tourism Sectors

Vienna City Councilor Peter Hanke and Vienna Chamber of Commerce President Walter Ruck met with various government officials in Qatar to discuss further cooperation between Vienna and Qatar in the cultural and tourism sectors. Read about the visit and what, specifically, was discussed.

November 17, 2021

Covid in Vienna: Booster Shots for All after Four Months and Vaccination for Children Five Years and Older

The City of Vienna has decided to offer booster vaccinations for COVID-19 to everyone four months after their second dose. The Austrian capital has also begun vaccinating children 5 to 11 years old. Read about these two new vaccination offers.

November 17, 2021

Budapest Office Property "BudaPart Gate" Acquired by S-Immo

S Immo AG has acquired the "BudaPart Gate" office building in Hungary's capital, Budapest. Read more about the transaction and BudaPart Gate.

November 15, 2021

New Cargo Airline DHL Air Austria Creates 54 New Jobs at Vienna Airport

The new cargo airline DHL Air Austria, which is now headquartered at Vienna Airport, will handle European cargo flights in future with eighteen Boeing 757 aircraft and around 176 pilots.

November 12, 2021

Migration: Expansion of Value and Orientation Courses for Asylum Seekers Planned

Integration Minister Susanne Raab announced that the mandatory values and orientation courses for asylum seekers will be expanded to include three days of lessons rather than just one. Read more about the expansion of the program and what will be taught.

November 12, 2021

COVID-19 in Austria: Verification of Compliance with Applicable Access Rules Becomes Easier

A new app known as Green Check is now widely available in Austria and has made verification of compliance with COVID-19 access rules much simpler. Read more about the new app and how it works.

November 12, 2021

US Embassy: Visit of the Chargé d'affaires Strengthens Economic Ties between USA and Upper Austria

The Chargé d'affaires of the US Embassy in Vienna Mario Mesquita visited Linz and met with Upper Austrian Governor Thomas Stelzer and Voestalpine CEO Herbert Eibensteiner. Read about Mesquita's visit and what was discussed.

November 11, 2021

Austrian Foreign Trade Picks Up Again

Austria's foreign trade in 2021 has improved significantly compared to 2020, and in some months, it is even approaching the pre-pandemic levels of 2019. Read the detailed numbers showing that Austrian trade is picking up again.

November 11, 2021

Expo Dubai: Viennese Coffeehouse is Culinary Ambassador

The Viennese coffeehouse, Austrian Delight, is serving as the culinary ambassador for Austria at the World Expo in Dubai. Read about how the cafe is representing Austria and what else Vienna is offering at the World Expo.

November 11, 2021

Linhart's Round of Visits to Central Asian Autocrats Was All about Deepening Economic Relations

Foreign Minister Linhart visited the Central Asian countries of Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan to strengthen economic relations. The foreign minister met various leaders and participated in multiple economic forums. Read about the details of his trip to Central Asia.

November 9, 2021

Travel: Airlines Bring Foreign Nationals to the U.S. Again

After more than one and a half years, the US has ended the entry ban for travelers from the European Union on Monday, 8 November. This also allows for Austrians to finally fly to the United States again.

November 9, 2021

Climate Crisis: Vienna Joins "Race to Zero" Campaign

At the World Climate Conference (COP 26) in Glasgow, Vienna has announced that it is joining the "Race to Zero" campaign, which aims to cut emissions in half by 2030 and create a carbon-free world. Read about Vienna's new climate change commitment.

November 8, 2021

COVID-19 in Austria: From 3G to 2G Nationwide

After a meeting with the governors of the federal states of Austria, Chancellor Schallenberg announced a nationwide shift from 3G COVID-19 requirements to 2G. Read more about the new rule and what the chancellor said about it.

November 8, 2021

Vienna as a Center of Diplomacy: Bid for Another International Organization

Vienna is bidding to become the European headquarters of the International Vaccine Institute, which has been based in Seoul since 1997 and is responsible for distributing vaccines to developing countries. The aim is to further strengthen Vienna as the official seat of international organizations. Cost: Fifteen million euros within 5 years. Learn more about the background, the plan and the financing of this initiative.

November 8, 2021

Strengthening Bilateral Economic Relations: Austria's Linhart in Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan

Foreign Minister Linhart is visiting Central Asia with a business delegation to attend the first EU-Central Asia Economic Forum and discuss economic relations with various government representatives. The foreign minister's trip includes stops in Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan. Read about Linhart's agenda and what topics will be discussed.

November 5, 2021

Anadi Bank: Former Deutsche Bank Board Member Becomes New Board Member for FinTech

Alp Dalkilic, a former board member at Deutsche Bank, has been appointed to the Management Board at Anadi Bank. Dalkilic is primarily responsible for the bank's FinTech strategy. Read more about Dalkilic and Anadi Bank.

November 5, 2021

Money Laundering, Tax Offenses and Terrorist Financing on the Rise

The Austrian Ministry of the Interior reported an increase in money laundering, tax offenses, and terrorist financing in 2020. Read more details about this disturbing trend and its causes.

November 4, 2021

Alexander Maculan Receives Russian Order of Friendship

Alexander Maculan, CEO of TAMAK Holding AG, was awarded the Russian Order of Friendship by Ambassador Dmitrij Ljubinskij at a recent meeting of the Austro-Russian Business Council at the Austrian Chamber of Commerce. Read about Maculan and why he was given this honor.

November 4, 2021

Andrea Rois Is the New Head of Group Marketing and Communication at Soravia Investment Holding

Project developer Soravia is strengthening its team with Dr. Andrea Rois (44) as the new Head of Group Marketing & Communication.

November 4, 2021

COVID-19 in Austria: Concerns About Transition to 2.5G Rule in Workplace

Due to increased COVID-19 cases and hospitalizations, Austria is considering transitioning from the 3G rule in the workplace to a 2.5G rule in the coming weeks. Some government officials are expressing concerns about the implementation of this change. Read about the potential requirement change and the concerns that some have about it.

November 3, 2021

Schallenberg at UN Climate Conference: "We can only overcome a global crisis together"

Chancellor Schallenberg recently spoke at the 2021 UN Climate Change Conference (COP26) in Glasgow. The Austrian chancellor stressed the need for international cooperation to fight climate change. Read some of Austria's climate goals, what steps it is taking to achieve these, and what the chancellor said still needs to be done.

November 2, 2021

Austria Deepening Relationship with Gulf States: Foreign Minister Linhart in Qatar

Qatari Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al-Thani and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani recently met with Foreign Minister Linhart in Doha, Qatar. The leaders discussed various issues, including the strengthening of ties between Qatar and Austria. Linhart also met with Qatari business leaders as part of the ReFocus Austria initiative. Read about Linhart's trip to Qatar.

October 29, 2021

Strategic Partnership with United Arab Emirates in the Pipeline

On a trip to the United Arab Emirates (UAE), Austrian National Council President Wolfgang Sobotka expressed support for a strategic partnership between the two countries. Read about this new partnership that is currently in the works.

October 28, 2021

Tourists Return to Vienna

Vienna saw a notable increase in overnight stays in September compared to September of last year. This is a positive sign for the tourism industry in Austria, which has been hit hard by the COVID-19 pandemic. Read about the changes in tourism levels in the Austrian capital.

October 28, 2021

Economic Diplomacy a la "ReFocus": Connecting Diplomatic Representatives with Austria's Business Community

Diplomatic representatives in Austria met with members of the Austrian business community as part of the "ReFocus Austria" government initiative aimed at promoting Austrian companies abroad and Austria as a business location. The main focus of this event was opportunities in the "green economy." Read more about this event and "ReFocus Austria."

October 27, 2021