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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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Austria Extends Lockdown Until February 7
The Austrian government has announced an extension of the current lockdown until at least February 7, 2021. Due to only a very slow decline in Covid-19 cases and the virus mutations from Great Britain and South Africa, which are more contagious and spread actively through the EU, the lockdown was extended and wearing a FFP2 mask in public transport and stores will be mandatory.
Yesterday
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Vienna Opens First Covid-19 Vaccination Line
By Monday, January 18, 2021, about 11,000 physicians, paramedics and other people working in the medical sector, will be the first ones to receive the vaccines in the so-called vaccination lines set up by the City of Vienna. All Viennese residents can pre-register for a Covid-19 vaccination starting January 18, 2021.
January 15, 2021
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Kunsthistorisches Museum of Vienna Offers 3D Exhibition
The Kunsthistorisches Museum (KHM) in Vienna offers visitors a virtual tour on its collection of the famous Pieter Bruegel the Elder. The KHM has the world's largest collection of the Belgian's pieces and will be displaying the twelve works with additional information in six different languages online.
January 15, 2021
Brexit Agreement: Austria's Economy Significantly Better Off
The Austrian Institute of Economic Research (WIFO) has issued a study in which the effects of the post-Brexit trade agreement between the United Kingdom and the European Union was compared to a no-deal scenario. The results of the study show that the Austrian economy be happy with the negotiated agreement.
January 14, 2021
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WKO: Vaccination in Austrian Businesses Possible
Austria's companies could be used as part of the vaccination strategy. This is what many major companies and Austria's Federal Chamber of Commerce suggest. The readily available infrastructure could provide testing and vaccination facilities for up to 500,000 employees in the various industries.
January 12, 2021
Austria Provides Medical Treatment for Kosovar Patients
An impactful gas explosion in Kosovo left more than 40 people injured, several of them needing urgent intensive medical treatment. After the Kosovar government approached the Austrian Foreign Ministry, Chancellor Kurz and Foreign Minister Schallenberg reacted immediately and promised to help.
January 11, 2021
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Additional 6 Million Doses of Covid-19 Vaccine for Austria
Due to the recent order activity of the European Union at BioNTech/Pfizer, Austria will receive an additional 6 million doses of the Covid-19 vaccine - 1.5 million already in the second quarter of 2021. In total, the EU has secured itself the right for additional 300 million doses from BioNTech/Pfizer.
January 8, 2021
Vienna Prepares for Second Mass Testing
Vienna's residents can have themselves tested once again during the period from January 8 to January 17. The tests will be conducted at the same three locations like during the first mass testing. Although the city prepares capacities for up to 900,000 people, registration for an appointment is required.
January 7, 2021
EMA Approves Second Covid-19 Vaccine: Austria Receives 890,000 Doses
The European Medical Agency (EMA) and the European Commission have approved the second Covid-19 vaccine for EU member states. The vaccine from the producer Moderna will provide Austria with another 890,000 doses in the first half of 2021. Austria's Health Minister expects approval for the vaccine from AstraZeneca by February.
January 7, 2021
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WKO: Lockdown Extension a "Blow For Domestic Trade"
Once again the Austria's Federal Chamber of Commerce (WKO) does not entirely support the federal government in its decision to extend the lockdown and cancel the opportunity to escape the lockdown with a negative Covid-19 test. The WKO demands plans for the affected companies and aid for the suppliers indirectly affected by the crisis.
January 5, 2021
Austria's Real Estate: Single-Family Houses Expensive, Offices Cheap
Also as a result of the Covid-19 crisis, living spaces with a garden, a balcony or a terrace see a significant increase in demand, while office spaces and other commercial real estate loses value. Another new aspect of the real estate market in Austria is the rise in demand for single-family houses in the outskirts of bigger cities.
January 5, 2021
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Austria's Unemployment Rate at 11 Percent
Crisis-related unemployment, especially due to the lack of a seasonal start in tourism, has a huge impact on the unemployment rate in Austria at the moment. More than 500,000 people are currently seeking for jobs, which is an increase of more than 63,000 compared to the previous. month.
January 5, 2021
Covid-19 Vaccine: Good Tolerability So Far in Austria
The feedback from the nursing homes and other institutions who have already used the vaccine from BioNTech and Pfizer has shown very good tolerability so far. In addition, the Ministry of Health expects market approval for another Covid-19 vaccine in the next week.
January 4, 2021
Investment Agreement with China Opens Doors
The European Union and China have agreed on a joint investment agreement. The core elements of the "Comprehensive Agreement on Investment" (CAI) include better market access, sustainability and a level playing field for European and Chinese companies. Considering the fact that China will be the biggest economy of the world in the near future, the agreement opens doors to a huge market.
December 30, 2020
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Anschober: Covid-19 Measures Help Against Influenza
According to the Ministry of Health, Austria's Covid-19 measures also prevent the spread of influenza viruses. Compared to 2019, only a small fraction of influenza viruses were detected this year. Health Minister Anschober has repeatedly highlighted the importance of keeping both Covid-19 and influenza cases down in order to maintain availability of intensive care units.
December 30, 2020
Schramböck: "UK Will Remain Important Partner in Europe"
Although the United Kingdom will be leaving the European Union's customs union and single market at the end of 2020, Austria's Economics Minister Schramböck assures that "Austria's companies will continue to play a significant role in the UK markets" in the future. The newly negotiated agreement between the UK and the EU will provide a proper framework for these business relations.
December 30, 2020
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Austria Supports Montenegro By Providing Care for Covid-19 Patient
After an offer by Foreign Minister Schallenberg at the beginning of the Covid-19 crisis, Montenegro has made use of Austria's proposal to take over the care Covid-19 patients in need of intensive medical treatment. A 46-year old male patient has been transferred to a hospital in Klagenfurt and will be treated in the intensive care unit.
December 28, 2020
German Wind Farms Sold to Austrian Energy Provider
Austria's Wien Energie managed to acquire 49 percent of the wind farm portfolio of the German Encavis in Austria. This deal will further reduce the CO2 emissions of the energy company and adds an additional 37 gigawatt hours of renewable energy for households in Vienna and the surrounding area.
December 23, 2020
Covid-19 Vaccine: Austria Starts on December 27
The vaccination process against Covid-19 in Austria will start on December 27. As already announced by the President of the European Commission Von der Leyen, the vaccine developed by BioNTech and Pfizer is distributed in the upcoming days, making a vaccination start before 2021 possible.
December 23, 2020
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Austria Ranks Fifth in Share of Renewable Energy Sources
In a newly published report by the European statistics office Eurostat, Austria is one of the most environmental-friendly EU member countries with regard to energy sources. Austria ranks fifth in a statistics that gathers data about the share of renewable energy sources in the total gross energy consumption of a country.
December 21, 2020
EMA Approves Covid-19 Vaccine
The European Medicines Agency (EMA) recommended the approval of a Covid-19 vaccine developed by BioNTech and Pfizer. Ultimately, the European Commission granted approval and the first vaccine will be used on December 27. Further Covid-19 vaccinations are awaiting approvals in the upcoming weeks.
December 21, 2020
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WKO Heads Demand Clear Plan for Path to Normality
The heads of Austria's Federal Economic Chamber demand a clear plan that shows a step-by-step path to normality. They demand regular mass testing, where negative test results are connected to more freedoms. According to them, the lockdown immediately after Christmas will hit many companies particularly hard.
December 18, 2020
ECJ Bans Exhaust Software: Anschober and Gewessler Demand Changes
The European Court of Justice has decided to ban software used to embellish exhaust emission values in diesel cars. Austria's Climate Protection Minister Gewessler and Consumer Protection Minister Anschober hope for a move by the car manufacturers in order to provide retrofits and compensate injured consumers.
December 17, 2020
Von der Leyen Hopes for Joint Start of Covid-19 Vaccinations
EU Commission President Von der Leyen wants a joint and rapid start of Covid-19 vaccinations for all EU member countries. After the likely approval of the European Medicines Agency (EMA), vaccines will be distributed among the member states and vaccination will start immediately.
December 16, 2020
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European Innovation Council Funds Austrian Projects
Two projects with Austrian-based research are involved in a new funding project of the EU's European Innovation Council. A total amount of EUR 74 million is distributed among 18 projects that research in cutting-edge technologies. Additionally to the funding, coaching and business development supported is provided by the Council.
December 14, 2020
Share of E-Cars in New Registrations Exceeds 10 Percent
For the first time ever, electronic cars made up more than 10 percent of the new registrations of motor vehicles. Although the numbers of new registered vehicles is far lower compared to last year, the e-mobility sector has seen an obvious increase in numbers over the recent months.
December 11, 2020
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New European Climate Target: Kurz and Gewessler Delilghted
The European Council has agreed on a new climate target for 2030. The member states want to decrease annual greenhouse gas emissions by at least 55 percent and also take other steps on their path to climate neutrality until 2050. Austria's Chancellor Kurz and Minister Gewessler are pleased with the agreement.
December 11, 2020
WKO and IV: Need for "Climate Protection with Common Sense"
The heads of the Austrian Federal Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) demand appropriate framework conditions for climate-friendly behavior instead of the race for ever higher climate targets. Both Secretary Generals want "climate protection with common sense".
December 10, 2020
International Visitor Leadership Program Celebrates 80th Anniversary
The International Visitor Leadership Program (IVLP), U.S. Department of State’s premier professional exchange program, celebrates its 80th anniversary. The program has opened doors for more than 225,000 participants from all over the globe and has connected current and emerging leaders to US culture and society.
December 9, 2020
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Schramböck: Deepening Digitalization in the EU
The EU member states aim to create synergies between national research and investment initiatives and to ensure a coherent European approach with sufficient scope. Joint Support for European electronics value chains will try to establish leading capabilities in various digital competencies.
December 7, 2020
Ryanair to Close its Base in Vienna
The low-cost airline Ryanair will be closing down its base in Vienna. According to a leaked internal report, the parent company of Austrian Laudamotion, will move the base of its three Boeing planes to a not yet disclosed European airport and close down the base on Vienna's airport.
December 4, 2020
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Russia's and Austria's Health Minister Discuss Covid-19 Situation
Michail Muraschko, Russia's Minister for Health, and his Austrian counterpart, Rudolf Anschober, met virtually to discuss the ongoing Covid-19 pandemic, which has had far-reaching effects on both countries. As a result of the meeting, the ministers agreed on the establishment of Covid-19 related working groups.
December 4, 2020
New EU Guidelines Relax Air Travelling
The European Centre for Disease Prevention and Control (ECDC) together with the European Aviation Safety Agency (EASA) have issued new guidelines for air travel, which should guide the member states in their respective decisions with regard to Covid-19 measures.
December 3, 2020
Europe-Wide Innovation Award Goes to Wiener Linien
The Europe-wide Innovation in Politics Award 2020 goes to the research project RemiHub, coordinated, among others, by Wiener Linien and the Vienna University of Technology. RemiHub focuses on the urban parcel delivery and was already tested for different delivery services in Vienna.
December 3, 2020
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EIB Group Cooperates with Hypo Vorarlberg
The European Investment Bank (EIB) has decided to support Austria's economy by unlocking part of Hypo Vorarlberg's regulatory capital. These funds will be used to invest in energy efficiency projects which are directly in line with the EIB's commitment to increasing its climate action lending.
December 1, 2020
Red Ribbon at Austrian Parliament Draws Attention to World AIDS Day
In order to draw attention to World AIDS Day on December 1, the Austrian Parliament has installed a Red Ribbon on Vienna's Hofburg. National Council President Sobotka points out the recent research, treatment and therapy successes and demands tolerance for and the inclusion of people infected with HIV.
December 1, 2020
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Further Increase of Investment Subsidy
The Austrian government has decided to increase its budget for investment subsidies. The high demand for this subsidy by companies located in Austria has exceeded the expectations of the government and is therefore adjusted upwards by another EUR 1 billion in order to further promote investments into digitalization, sustainability and other sectors.
November 30, 2020
Eurostat: Austria Is Second in EU With Research Expenditures
In its recent publication, the statistical office of the European Union, Eurostat, put Austria on second place for research expenditure relative to GDP. Austria has invested 3.19 percent of its gross domestic product in R&D, which is only surpassed by Sweden with 3.39 percent of the country's GDP.
November 27, 2020
Austria's Top Managers Launch Economy4Future Initiative
Some of Austria's top managers have launched the economy4future initiative, which focuses on the fight against climate change. The campaign wants to promote dialogue between big companies and young people in order to better shape the economic future in harmony with the resources of the planet.
November 26, 2020
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European Commission Approves Austrian Aid for Railroad Companies
The European Commission has granted Austria its planned subsidies for railroad companies to promote the shift from road transportation to rail road usage. Austria will increase its public aid to, on the one hand, relieve railroad companies of some financial burdens of the last months and to, on the other hand, continue the promotion of railroad rather than road transportation.
November 26, 2020
Leopold Museum Receives Historically Significant Klimt Painting
The Leopold Museum of Vienna received an art-historically significant painting by Gustav Klimt. A Viennese academic couple donated the painting, which is about EUR 475,000 worth, to the museum in order to make it permanently accessible to the public and to the visitors of the museum.
November 26, 2020
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WKO: Thoughts About Opening Stores on Sundays
The President of the Austrian Federal Chamber of Commerce (WKO) has expressed his thoughts about a possible opening of stores on Sundays before Christmas. This would create the opportunity for companies to equalize customer flows which they have missed out on during the ongoing lockdown.
November 24, 2020
European Commission Approves Second Fixed Cost Subsidy
The European Commission has approved Austria's request to grant further subsidies to companies particularly impacted by the ongoing pandemic. The so-called Fixed Cost Subsidy II could cover up to 70 percent of the uncovered fixed costs and up to EUR 3 million.
November 23, 2020
October: Minus 84.5 Percent Overnight Stays in Vienna
The Covid-19 crisis has hit the hotel and tourism industry hard. Especially urban areas are affected which is also the reason for the drastic numbers of overnight stays in Vienna. Compared to 2019, the city recorded a minus of 84.5 percent in the month of October.
November 20, 2020
WKO Heads: "Lockdown Hits Companies With Full Force"
The new lockdown will once again shut down Austria's economy in its entirety. The heads of the Austria Federal Chamber of Commerce (WKO) emphasize the importance of financial support for companies by the government and of a well functioning education for children despite school closings.
November 16, 2020
Austria Faces Hard Lockdown
Due to rapidly rising Covid-19 infection rates in Austria, the government will most likely implement a hard lockdown starting at the beginning of next week. The new restrictions might include the closing of schools and kindergartens as well as shutting down all stores that are not providing goods to cover basic needs.
November 13, 2020
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Rail Traffic Between Vienna and Salzburg Can Be Maintained
Similar to measures taken in the spring of this year, the Ministry for Climate Protection has set up an emergency contract with the ÖBB and WESTbahn to safeguard rail transport between Vienna and Salzburg. The mutual acceptance of tickets from WESTbahn and ÖBB will also be established again.
November 13, 2020
European Commission Launches Initiatives Against Gender Pay Gap
With regards to the European Day of Equal pay, the day from which women will symbolically no longer be paid for the same work compared to their male colleagues until the end of the year, the European Commission has launched initiatives to tackle the persistent gender pay gap.
November 12, 2020
Eurochambres President Demands Rapid Measures for Businesses
At the presentation of the 28th Eurochambres Economic Survey, President of the Association for European Chambers of Commerce Leitl demands "immediate help" for businesses affected by the Covid-19 pandemic. According to him, the survey results show sharp declines in many economic indicators.
November 11, 2020
Austrian Economic Mission to Dubai, Abu Dhabi and Bahrain
The Austrian Federal Economic Chamber is organizing an open-industry economic mission to the United Arab Emirates and Bahrain. The program includes networking with local business leaders and multipliers, preparations for the postponed Expo 2020 in 2021 and the opening of new business opportunities.
November 10, 2020
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