Vienna International Company News

Austrian Airlines to Resume Flight Operations on 15 June

After an interruption of almost three months, Austrian Airlines will resume flight operations to selected destinations in Europe and Tel Aviv from mid-June onwards. Since no neighbouring seats will be kept empty in case of demand, bold passengers will again be able to fly to up to 40 destinations by the end of June. For specific destinations, see below.

May 28, 2020

Investing: Why Your Company Should Establish a Branch in Austria

Every crisis also opens up opportunities e.g. to revise your current strategy and to develop a new one - and time to consider new markets to expand to. Austria stands out in Europe as a highly developed business location and has weathered the crisis well so far.

May 22, 2020

Ryanair's Laudamotion to Close Vienna Base

Laudamotion closes its base in Vienna on 29 May, 300 people lose their jobs. The trade union Vida did not agree to an ultimatum by the airline, which would have brought a new collective agreement with significantly lower wages.

May 22, 2020

Drastic Drop of over 99% in Passengers at Vienna International Airport

The worldwide travel restrictions and flight cancellations resulting from Covid-19 have had a major impact on the development of traffic and earnings AT Vienna International Airport (Flughafen Wien Group). In April, the Group recorded a decline of 99.6% in the number of passengers and 99.5% at Vienna International Airport. Revenues for Q1/2020 fell by -9.0% to € 161.4 million.

May 20, 2020

COVID-19 Drug Made in Austria

Austrian biotech company Apeiron Biologics AG, which is currently working on a drug to treat the coronavirus, announces financing round for the further development of the COVID-19 drug APN01.

May 19, 2020

Corona Short-time Work in Austria: Funds to be Increased to 12 Billion

Minister of Finance Gernot Blümel announced that the budget for coronavirus short-time work will be increased from ten billion to twelve billion euros.

May 19, 2020

Austria Becomes Self-sufficient in the Supply of Mouth and Nose Masks

Hygiene Austria LP GmbH, founded only 4 weeks ago by a cooperation of Lenzing AG and Palmers Textil AG with the aim of producing and selling protective masks for the domestic and European market, was made known to a wider public today by the visit of Federal Chancellor Kurz and Minister of Labour Christine Aschbacher, and two weeks ago by the visit of Federal Minister Margarete Schramböck.

May 19, 2020

War for Global Telecom Infrastructure Supremacy: Vienna first EU Capital with Area-wide 5G Network

While the Third World War is raging backstage between the USA and China for world supremacy in 5G infrastructure, Huawei wins another milestone in Vienna. Digital City Councilor Peter Hanke has set the goal "Vienna should become the first city in Europe with a complete 5G network". The city is supporting the network expansion with 20 million euros.

May 18, 2020

Austria Agrees to ESM Pandemic Crisis Support

The National Council has given its approval for financial aid within the framework of the ESM. Specifically, Finance Minister Blümel was authorized to approve a decision in the ESM Board of Governors to grant corona financial aid to all applicant ESM member states within the framework of the ESM Pandemic Crisis Support.

May 14, 2020

Austria and Germany Agree to Open Borders on 15 June

The gradual opening of the borders between Austria, Germany and Switzerland will begin as early as Friday. From May 15th onwards there will only be spot checks at the borders between Austria and Germany, both countries announced. From 15 June, the borders are to be opened completely. Opening to Italy is not an issue for the time being.

May 13, 2020

Tax Consultants and Auditors: Corona Aid Fund for Fee Losses Threatening their Existence

The Austrian Chamber of Tax Consultants and Auditors (KSW), which represents 8,000 Austrian tax consultants and auditors, is setting up a 2 million euro aid package.

May 12, 2020

Hotel Sacher Vienna: New Director is a German Again

Reiner Heilmann, the long-standing director of the Hotel Sacher in Vienna, hands over the management of the hotel to 35-year-old hotel manager Andreas Keese.

May 12, 2020

Viennese Public Transit Network: Normal Service Again from 18 May

The Viennese Lines (Wiener Linien) increased their operations further on 11 May. Normal service with peaks of up to two minutes is planned again from 18 May.

May 11, 2020

Coronavirus: Vienna Airport Offers Tests to Avoid 14-Day Quarantine in Austria

Coronavirus PCR tests on site at Vienna Airport for € 190 (incl. VAT) - no quarantine necessary if results are negative.

May 11, 2020

Coronavirus in Austria: Live-Ticker (Terminated)

This live ticker has been terminated.

May 1, 2020

Financier Ronny Pecik Appointed Chief Executive Officer of Immofinanz

Croatian-Austrian star investor and largest single investor becomes CEO of commercial real estate group Immofinanz AG.

April 23, 2020

Vienna International Airport: 98 Percent Fewer Passengers

Vienna International Airport (Flughafen Wien AG) is currently registering a decline of 98% in the number of passengers and the workforce is on short-time working. The airport is therefore cancelling the dividend for 2019 and launching a savings programme of over € 220m.

April 17, 2020

Austrian Airlines Extends Short-Time Work and Temporary Cessation of Flight Operations

Due to the global developments in connection with the Coronavirus and the continuing restrictions on travel, Austrian Airlines is extending the short-time working model for its 7,000 employees by a further month until May 19, 2020. Also, Austrian Airlines prolongs the cessation of its regular scheduled flight operations for an additional two weeks until May 17, 2020.

April 17, 2020

Easier Access to Austria for Commuters from Abroad

"Ongoing consultations with Austria's neighbouring countries are making life easier for commuters from abroad", says European Affairs Minister Karoline Edtstadler.

April 14, 2020

Review of the Austrian Repatriation and Emergency Flights Programme

A total of more than 7,500 persons were brought back safely to Austria in 39 flights organised by the Foreign Ministry.

April 13, 2020

Self-Sufficiency in COVID-19 Mask Production

A first step towards Austrian self-sufficiency in mask production for medical protective equipment was taken. In future, it should be possible to produce up to 500,000 corona protective masks of the "Made in Austria" brand every day.

April 8, 2020

India and Slovak Republic Rejoin Global Research Institute IIASA

The two former member countries India and Slovak Republic have rejoined the international Research Institute "IIASA - International Institute for Applied Systems Analysis" in Laxenburg near Vienna in recognition of their mutual benefits of scientific collaboration in a broad field of activities of global concern and interest.

April 8, 2020

Federal Chancellor: "The situation is still serious"

Austrian government presents details of the aid package designed to save jobs and businesses.

March 26, 2020

Climate Change - Austrian World Summit Postponed

Arnold Schwarzenegger's ambitious climate project in Vienna falls victim to the coronavirus and has to be postponed until autumn.

March 24, 2020

Voestalpine: Short-time Work in 50 European Subsidiaries

The biggest economic challenge of the past decade represented by the coronavirus pandemic has hit the Austrian technology group Voestalpine hard. Short-time work in Austria and other European countries such as Germany, Belgium and France is unavoidable due to the slump in demand.

March 24, 2020

Budget Statement: Do What Is Necessary

Finance Minister Blümel: "No one knows how long this crisis will last. No one knows what effects it will have. But we do know that we will do everything we can to maintain the health of Austrians, to secure jobs and to carry the location through the crisis. Whatever the cost."

March 20, 2020

Austrian Government Says It is Prepared to Pump Virtually Unlimited Money into Economy

The Federal Government announced today that an aid package of up to 38 billion euros is being prepared to deal with the consequences of the coronavirus.

March 18, 2020

Coronavirus Prohibitions in Austria - Which Shops and Services are still Open?

Many people are confused due to the short-term decision to prohibit access to the customer area of business premises of retail and service companies as well as leisure and sports businesses, and wonder which essential items and services of daily life are still available. Below is a current list in force since Monday, 16 March 2020.

March 17, 2020

Laudamotion Ceases Air Operations

Following today's announcement that Austrian Airlines will cease flight operations with effect from Wednesday, Ryanair's subsidiary Laudamotion will cease flight operations with immediate effect.

March 16, 2020

Austrian Airlines Terminates Flight Operations

Austrian Airlines is temporarily suspending its regular flight operations from Wednesday night. The last flight will arrive in Vienna on Thursday morning from Chicago. All further flights until at least March 28, 2020, or "until further notice" are cancelled. The airline is aware of its responsibility, will cooperate with the Austrian government and try to bring home as many Austrians as possible. One long-haul and one medium-haul aircraft will remain in use for emergency and relief flights.

March 16, 2020

Coronavirus Crisis in Austria: Four Billion Euro Package for the Economy

The Austrian government today cancelled the budgetary "zero deficit" for 2020 and announced the provision of four billion euros for immediate measures.

March 14, 2020

Coronavirus: Profit Warning Issued by Vienna International Airport - Reduced Working Time Planned

Travel restrictions and the resulting massive reduction in the number of scheduled flights at Vienna International Airport severely depress revenues and annual results for 2020.

March 12, 2020

Slump in Passenger Numbers at Vienna International Airport

While Vienna International Airport (Flughafen Wien Schwechat) recorded an increase of 8.3% in the number of passengers to 2 million in February, the coronavirus crisis led to a decline of roughly 30% in the number of passengers in March 2020, and this trend is expected to continue.

March 11, 2020

Etihad Airways Adds Abu Dhabi-Vienna Route to its Programme

In times of the coronavirus, when flights are being cancelled, it is encouraging that Etihad Airways will start a non-stop connection between Vienna and Abu Dhabi on 22 May 2020.

March 11, 2020

Rebookings: Austrian Airlines Responds to Customers' Needs

Since the number of cancellations and rebookings has risen sharply as a result of the coronavirus crisis, AUA Austrian Airlines is forced to be flexible in accommodating existing customers when rebooking. In the case of higher ticket prices, however, the differences must be borne by the customer himself.

March 9, 2020

Coronavirus: Air Travel via Vienna International Airport - Latest Update

Total and gradual restriction of air traffic to countries and territories severely affected by coronavirus is currently being implemented. On this website, Vindobona.org provides information on questions and answers regarding the current status at Vienna International Airport (Flughafen Wien-Schwechat) and the international airlines operating from there, as the relevant websites often contain hardly any updated information on the recently enforced flight bans and flight connection suspensions of individual airlines.

March 8, 2020

COVID-19: Travel Between Iran and Austria Declines Sharply

Iran Air has suspended all flights to Vienna. Additionally Austrian Airlines has suspended its flights to Tehran and the Austrian Foreign Ministry has issued a security level 6 travel warning and recommends leaving the country as soon as possible.

March 8, 2020

Austrian Airlines Cancels All Flights to Tel Aviv

Due to the new entry restrictions imposed by the Israeli government, Austrian Airlines is forced to discontinue its flight connection to Tel Aviv as of today, Sunday, 8 March 2020. An adapted flight programme will continue to take passengers from Israel back to Austria and other countries.

March 8, 2020

Air Travel to Austria: Further Flights Stopped Due to COVID-19 Spread

To contain the coronavirus, direct flights from Austria to Iran, South Korea and the northern Italian airports of Bologna and Milan will be discontinued in the next two weeks. Passengers from third countries require a medical certificate. This was announced by the Federal Government during a press conference broadcast nationwide. Details as follows.

March 7, 2020

Austrian Airlines Confirms Flight Irregularities Due to Coronavirus

The airline is aware of the danger and spread of the coronavirus (COVID-19) and the fact that this is causing concern to passengers, but at the same time reaffirms that the safety of passengers and staff is always the company's top priority.

March 5, 2020

Coronavirus: Austrian Airlines Is Forced to Cut 20% of the Entire European Flight Schedule

The airline is cancelling 20 percent of the flights in the "entire continental network" during the month of March, i.e. the entire route network within Europe. Twelve short- and medium-haul aircraft will remain on the ground altogether.

March 5, 2020

Vienna Stock Exchange: Mayr-Melnhof and BAWAG on the Rise

BAWAG Bank, Austria's fourth-largest bank in terms of total assets, rises to become the fifth-largest listed company on the Vienna Stock Exchange. The cartonboard producer Mayr-Melnhof replaces FACC in the ATX.

March 4, 2020

Law Firm Wolf Theiss: Update on the Corona Virus Tests

The complete results of Wolf Theiss' corona virus testing of the employees in Vienna are now available: 3 employees positive, 293 employees negative.

March 4, 2020

Coronavirus: Vienna Law Firm Tests Three Employees Positive

The renowned law firm Wolf Theiss announces that three of more than 280 examined employees have become infected with the coronavirus.

March 3, 2020 · Updated: March 4, 2020; 19:10

Vienna Airport - Good Results 2019, but Coronavirus is Uncertainty Factor

Vienna International Airport (Flughafen Wien) is pleased to report an increase of +7.2% in revenues and +15.7% in net profit, but the strong growth in the number of passengers during the past year has now been countered by a major uncertainty factor with the corona virus crisis.

March 3, 2020

Austrian Airlines Cancels Further Flights to Italy, China and Iran Still Suspended

Due to falling demand for flights to Italy as a result of the corona crisis, Austrian Airlines is cancelling 40 percent of its flights to Italy in March and April. Flights to Tehran (Iran) will continue to be suspended until 30 April 2020 and flights to Beijing and Shanghai (China) until 24 April 2020.

March 3, 2020

Gambling: CEO Neumann Abruptly Left Novomatic

The Group has been in the limelight for a year because of a corruption scandal. Official reasons for the departure are "family reasons", but various media are reporting disagreements with Johann Graf, sole shareholder of the two parent companies Novo Invest GmbH (Austria) and NOVO Swiss AG (Switzerland). Ryszard Presch and Johannes Gratzl are jointly taking over his task.

March 2, 2020

Vienna Airport - Risk of Delays

There is currently a risk of major delays at Vienna International Airport (Flughafen Wien), especially when passengers have to be checked by the health authorities for possible coronavirus suspicion.

February 29, 2020

Austria - China Travel Warning: High Security Risk

The Austrian Foreign Ministry has raised its travel warning level for Mainland China to "security level 4", in other words "high security risk". Austrian Airlines offers rebooking and refunding options.

February 29, 2020

Austrian Coronavirus Summit: Population to Participate in Containment

In a meeting of Federal Chancellor Kurz, Health Minister Rudolf Anschober and Interior Minister Karl Nehammer with the state governors in the Federal Chancellery, agreement was reached on uniform nationwide guidelines for dealing with the coronavirus. The Chancellor appealed to the population to actively participate in the containment of the virus.

February 28, 2020