Vienna International Company News

Weekly Briefing: Return to Normality in July

The Austrian government has announced the reduction of restrictions as of July 1. Three weeks later, some more relaxations could be implemented. Are the coming weeks the last ones of the pandemic? Find out more about this week's developments.

June 17, 2021

Weekly Briefing: Is the Pandemic Really Over?

In a meeting with his Italian counterpart, Austrian Federal President Van der Bellen stated that the "pandemic as we have experienced it can be considered overcome." Is this the case? Find out more about this week's developments.

June 10, 2021

Covid-19 in Austria: What Applies Now?

As of today, June 10, Austria faces fewer restrictions. While the curfew for restaurants is being extended to 12 a.m. now, even fewer restrictions will be in place in July. Read more about what applies now below.

June 10, 2021

Weekly Briefing: Belarus Faces Harsh Criticism

After the forced landing of a passenger plan and the arrest of an anti-government blogger, the international community, among them a number of Austrian politicians, demand strong sanctions for the authoritarian regime. Find out more about this week's developments.

June 4, 2021

Innovation is Key for Austria's Climate Neutrality by 2040

At the Mission Innovation Ministerial Summit in Chile, Austria's Climate Protection Minister Leonore Gewessler and her international counterparts stressed the importance of innovation for achieving the Paris Agreement.

June 4, 2021

Taiwan and Austria: Current State of Political and Trade Relations

The relations between Taiwan, officially the Republic of China (ROC), and Austria are developing stably despite the current tensions in the South China Sea.

June 1, 2021

China and Austria: Extension of Climate Neutrality Research Agreement

On the occasion of the 50th anniversary of diplomatic relations between China and Austria, the Chinese Minister of Science and Technology Wang Zhigang and Austria's Climate Protection Minister Gewessler extend the agreement for cooperation in research and technology in the field of climate neutrality.

June 1, 2021

International Nightjet Connections to Vienna Back in Service: Now Also Amsterdam

Effective immediately, the Nightjets of Austrian Railways (ÖBB - Österreichische Bundesbahnen) are once again in operation. In addition to the 18 known night train connections, for the first time there is also a daily night train from Amsterdam via Linz to Vienna or via Munich to Innsbruck. Paris and Strasbourg are being planned.

May 31, 2021

2025: Rail Connection Vienna - Bratislava in 45 Minutes

Cutting the travel time between Vienna and Bratislava short by 15 minutes is the goal of the planned double-track expansion between the EU capitals. Read more about the implementation and the benefits of the construction works.

May 28, 2021

Russia Denied Austrian Airlines Flight to Moscow: Now Approved After All

Russia has denied permission for a scheduled Austrian Airlines (AUA) flight to Moscow. Due to the recommendation of EASA - European Union Aviation Safety Agency to avoid the airspace over Belarus, the flight plan should be changed and Belarus should be avoided. Today, word from the Federal Ministry for Climate Action is that AUA has received approval for today's flight to Moscow. How does it continue?

May 28, 2021

Weekly Briefing: Green Passport is Coming Soon

After the EU countries and the EU Parliament have agreed on the framework for an Europe-wide Green Passport implemented on July 1, Austria will have its version ready by the beginning of June. Find out more about this week's developments.

May 27, 2021

New Cargo Airline Relocates to Austria

Express service provider DHL Express is relocating a large part of its cargo airline from England to the Vienna area. The new cargo airline for the European market, based in Austria, is said to be a strong signal for the location.

May 26, 2021

Vienna Selected as Most Desired Luxury Travel Destination

Vienna has one yet another award. After being selected as the most liveable city of the world for a number of years already, Vienna has now been awarded the prize for the "Most Desired Preferred Destination" by the luxury travel network "Traveller Made".

May 26, 2021

EU Countries Agree on Green Passport by July, Austria Plans it for June

The EU countries and EU Parliament have agreed on an Europe-wide "Green Passport" by July 1, while Austria intends to have its Green Entry Pass ready by the beginning of June. Can the Austrian solution be implemented in the EU-wide certificate? Find out below!

May 21, 2021

Weekly Briefing: Vaccination for Everyone in Austria

Austria has ended its drastic measures to contain Covid-19 and re-opened borders as well as restaurants, cultural establishments and alike. Vaccines will soon be available to everyone, even to teenagers. Find out more about this week's developments.

May 20, 2021

Covid-19 in Austria: Company Vaccinations Continue

Besides the pre-registration and booking of appointments by individuals, Vienna offers a Covid-19 company vaccination program, which allows employers and their employees to receive vaccinations at an earlier time point.

May 20, 2021

Berlin - Prague - Vienna: Plan of 4 Hour Rail Connection

Berlin to Prague to Vienna in four hours? A travel time that is now only possible via plane will become reality via a rail connection. A memorandum to this effect was signed by Germany, the Czech Republic and Austria.

May 19, 2021

Austrian Railways Relaunch International Connections

It is now once again possible to travel to European metropolises with the Austrian Railways (ÖBB). With the opening steps in the various areas of public life in Austria on May 19, the ÖBB has also revealed some changes to its schedules.

May 17, 2021

Vienna's Subway U2 Will Stop Operation in City Center

As part of the construction works for the new subway line U5, the U2 will stop its operation between the stations Rathaus and Karlsplatz until fall 2023. Read below to find out about the details of the construction work and the alternative routes available.

May 17, 2021

Weekly Briefing: Bilateral Agreements Could Replace EU-wide Green Passport

In a number of bilateral talks, Austria has emphasized the need for an EU-wide travel solution for the summer. In case Brussels is not picking up pace, bilateral agreements with European countries could replace the European "Green Passport". Find out more about this week's developments.

May 14, 2021

Viennese Start-Up Event Reaches 10 Million People

The Viennese startup event ViennaUP'21, which took place from April 27 to May 12 in a virtual format, can be viewed as a success. The reasons behind its success, the highlights of the event as well as what remains can be found out here!

May 14, 2021

Austria Sees Potential Global Economic Leadership

Only recently, the Austrian government has announced a comprehensive location strategy, which should enable Austria to position itself among global economic leaders in some particular segments.

May 10, 2021

Weekly Briefing: End of Lockdown for Vienna and Lower Austria Stirs Up Hope

Now Vienna has also officially confirmed that on May 19 the long-awaited opening will take place. The end of the lockdown in Vienna and Lower Austria and nationally reaching 3 million Covid-19 vaccinations are not the only indications that the Austrian economic recovery gets off the starting blocks. Find out more about this week's developments.

May 6, 2021 · Updated: May 6, 2021; 17:05

Unemployment Decreases: Austria's Economy Trends Upwards

Austria's economy and employment show signs of recovery. The recent unemployment figures show a decline of about 8.7 percent in April compared to the previous month. Compared to last April, which was one of Austria's first months in the midst of the pandemic, this is a decrease of 32 percent.

May 4, 2021

Schallenberg, Kulhánek and Korčok Condemn Violence Against Journalists

The three Foreign Ministers from Austria, the Czech Republic and Slovakia have issued a joint statement emphasizing the importance of free journalism. The commentary was published in newspapers from the respective countries, a summary of the statement can be read below.

May 4, 2021

Austria's Museums Welcome Guests with Special Offer

Austria's Federal Museums are going strong into the summer. After various lockdowns in the recent months, the museums have announced to once again issue a Federal Museums Card campaign. More information about how it works and the prices can be found below.

May 3, 2021

Austrian Multinational Company Loses Current CEO

The Austrian multinational corporation OMV has announced that its current CEO, Rainer Seele, will end his term in June 2022. Only recently, criticism against OMV and Seele have increased. Find out more about how his end at OMV and the criticism relate.

May 3, 2021

Vienna Stock Exchange: Introduction of 13 Asian Companies

The Vienna Stock Exchange has expanded its offering on the global market by three Chinese and ten Japanese stocks. This addition was made after recently recording a growing demand for Asian shares. Among the new companies offered are the technology group Fujifilm and the pharmaceutical company Takeda Pharmaceutical.

April 29, 2021

Business Location: Austria Invests in Broadband Internet

The Austrian government has announced plans of investing EUR 1.4 billion into broadband expansion. The aim of the investment is to strengthen Austria as a business location and to enhance economic development in rural areas. By 2030, a quick and stable Internet connection will be provided nationwide.

April 29, 2021

Austrian Residential Property Market: Prices Continue to Rise

The real estate market in Austria continues to boom. Last year again surpassed the record set the year before, with both sales and the value of properties sold continuing to rise in 2020 compared with 2019. The most expensive district outside Vienna remains Kitzbühel in Tyrol. Housing prices in a five-year comparison: Austria: +26%, Vienna: +21%, Burgenland: +47%, Vorarlberg: +45%, Carinthia: +18%. Find out how the Austrian real estate market works.

April 28, 2021

Covid-19 in Austria: Vienna Ends Lockdown

Vienna Mayor Michael Ludwig announced the end of the lockdown in Vienna for May 2. Starting next Monday, the retail sector as well as body-related services will reopen, while the FFP2-mask requirement in selected outdoor areas will also be suspended. Ludwig, however, wants to be cautious with regard to the Austrian-wide opening steps starting May 19.

April 28, 2021

Dubai Expo: Which Austrian Companies Will Benefit from the Exhibition in the UAE?

Expo 2020 Dubai, which will take place in the United Arab Emirates from October 1, 2021 to March 31, 2022, is advertised above all as an opportunity for "Austrian companies to make a lasting impression with their innovative strength and creativity". The fact is that so far apparently only a handful of construction and design-related companies directly involved in the development of the Austrian pavilion financed by Austria are benefiting from the project. Which Austrian companies are involved in the project, you will find out in the following.

April 27, 2021

Austria Joins Global Renewable Energy Network

Austria has become a member of the REN21 Renewable Energy Network, an international community with actors from academia, governments, NGOs and industry. Austria's Climate Protection Minister Leonore Gewessler hopes for a closer collaboration between international stakeholders with regard to the energy transition around the world.

April 27, 2021

Austria Welcomes EU's Artificial Intelligence Framework

Austria's Minister for Digital Affairs, Margarete Schramböck, welcomes the new EU proposition of rules for artificial intelligence. Schramböck stresses the need for an EU-lead process and advocates for secure and innovative solutions that would "promote innovation while ensuring a high level of protection and security."

April 26, 2021

Covid-19 in Austria: Openings Start May 19

The Austrian government headed by Chancellor Sebastian Kurz has announced the opening plans for the near future. On May 19, previously closed sectors such as the tourism, events and sports sector will re-open, while restaurants and schools will also return to "normal" business. Entry requirements will be put in place in order to keep the risk of infection relatively low.

April 26, 2021

Activities of Arab Countries in Vienna to Strengthen Mutual Cooperation

The Austro-Arab Chamber of Commerce (AACC) under Secretary General Eng. Mouddar Khouja reports on various activities and means to strengthen mutual cooperation between Austria and the Arab countries UAE United Arab Emirates, Egypt and Qatar.

April 25, 2021

International Startup Event "ViennaUP21" Starts April 27

The startup event "ViennaUP21" will take place from April 27 to May 12 in a purely digital format. Within the umbrella of ViennaUP21, 40 program partners will be hosting 100 events for interested people, institutions and organization from more than 45 countries. Registration is free.

April 23, 2021

Extension of Austria's Internationalization Program "go-international" Announced

Austrian Economics Minister Margarete Schramböck and President of the Austrian Federal Chamber of Commerce (WKO) Harald Mahrer extend the joint internationalization offensive "go-international" and provide EUR 25.6 million for the next two years. The funding will focus on the areas of innovation and technology, value chains and digitalization.

April 20, 2021

Austria Implements Funding for Ethnic Group Media

After the increase of funding for ethnic groups in Austria in general about half a year ago, Susanne Raab, the Minister of the Chancellery responsible for ethnic group affairs, has now announced a separate budget for ethnic group media, which can be applied for in the near future.

April 20, 2021

Austrian Companies Develop Innovations for Africa

On the occasion of the "Africa Innovation Challenge 2021" organized by Advantage Austria - Aussenwirtschaft Austria, several Austrian companies have developed innovative solutions to solve societal challenges in Africa's dynamic markets. At the World Summit Award (WSA), five projects have been selected champions by an international jury.

April 19, 2021

Covid-19 in Austria: Additional Doses Speed Up Vaccination Campaign

Due to the additional Covid-19 vaccine doses from BionTech/Pfizer for the European Union, Austria is able to speed up its vaccination program. According to Austria's Chancellor Kurz, 6 million people in Austria can get their first vaccination by mid-July.

April 16, 2021

Austria Increases Turnover Loss Bonus

Companies, which are experiencing significant revenue shortfall due to the ongoing Covid-19 crisis, can now submit their applications for the Austrian turnover loss bonus for the months of March and April. The total amount available for companies has been increased to EUR 80,000 per month.

April 16, 2021

Austria Receives Additional 500,000 Covid-19 Vaccines in Q2

After successful negotiations between the European Commission and BionTech, the vaccine producer has agreed to deliver 50 million doses of the Covid-19 vaccine in the second quarter of 2021, instead of in the fourth quarter. This means an additional 1 million doses for Austria which will be administered from April to June.

April 15, 2021

Demand for More Artificial Intelligence in Austrian Economy

According to a study by the Boston Consulting Group (BCG), only 12 percent of Austrian businesses use artificial intelligence in their operations. For Alfred Harl, representative of the Austrian Federal Chamber of Commerce in this particular sector, Austrian companies will need to stay up to date with regard to new technologies and not be "left behind in the strong international environment."

April 14, 2021

Potential Closure of MAN Plant in Austria

After the majority of the workforce in the MAN plant in Steyr voted against a takeover concept of a potential investor, Austria's federal and state governments are highly invested in supporting a solution that would save more than 1,000 jobs in Steyr, Upper Austria. No solution would mean a closure of the plant by 2023.

April 14, 2021

New York Architecture Firm to Design New Central European University Campus in Vienna

CEU has commissioned the U.S. architectural firm Kohn Pedersen Fox Associates (KPF) to renovate and develop those Otto Wagner-designed pavilions that will form the future CEU campus. KPF President James von Klemperer is an Austrian citizen. The final site of the Central European University at the Otto Wagner site is scheduled to open in 2025.

April 13, 2021

Austria Works on Comeback Plan for Life After Covid-19

Although the Covid-19 crisis might still be very present currently, the Austrian government already tries to prepare for economic reconstruction. Chancellor Sebastian Kurz and Vice-Chancellor Werner Kogler have presented a plan, which comprises the primary goals of increasing employment, digitally and ecologically transforming the economy and improving Austria as a business location.

April 13, 2021

Covid-19: Austria Ranks Second for Aid Measures in EU

According to recent calculations published by the International Monetary Fund (IMF), Austria ranks second for Covid-19 aid measures among all EU Member States. Only Greece has spent a higher portion of its GDP (13.7%) for aid instruments, while Austria invested 11.7 percent to relieve its businesses and people.

April 12, 2021

Rail Connection Vienna - Salzburg Maintains Regular Intervals

The Austrian Climate Protection Ministry has once again ensured regular intervals for the rail connection between Vienna and Salzburg. The important connection, which is offered by the Austrian Railways (ÖBB) and Westbahn, is one of the most important rail connection in Austria and will thus be offered in regular intervals until July 4 due to an emergency award.

April 9, 2021

"Fixing the Future": Austria's Foreign Ministry Searches For Innovative Ideas

Together with the cultural broadcaster Ö1, Austria's Foreign Ministry and its network of Austrian representations abroad is searching for innovative ideas that could solve global problems. The possible admissions can relate to various contexts, among them are problems in technology, environment, business, and social issues.

April 9, 2021