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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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Jewish Museum Vienna: Restitution to Ephrussi Family after Decades
The Jewish Museum Vienna has restituted the Franz Adam painting “Camp Scene from 1848 in Italy” to the Ephrussi family. Following the authorization by Defense Minister Klaudia Tanner, ownership of the painting was returned to the heirs of Viktor Ephrussi. The painting was in the Museum of Military History in Vienna after being confiscated from Viktor Ephrussi by the Nazis. Read more about the painting's history and its restitution to the Ephrussi family.
September 14, 2021
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The 250th Anniversary of the Vienna Stock Exchange
The Vienna Stock Exchange recently celebrated its 250th anniversary since it was founded by Maria Theresa. Minister of Finance Gernot Blümel congratulated the stock exchange on its anniversary and advocated for the implementation of a government program and retention periods to incentivize Austrians to invest in the domestic economy. Minister Blümel and Vienna Stock Exchange CEO Christoph Boschan both advocated for educating the public on financial topics. Read more about the Vienna Stock Exchange and what the pair said on its anniversary.
September 14, 2021
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ÖBAG: Dr. Christine Catasta Appointed to the Supervisory Boards of Telekom Austria and OMV
ÖBAG CEO Dr. Christine Catasta was appointed to the Supervisory Boards of Telekom Austria (A1) and OMV. With her appointment, both companies have strengthened their women's quota, and OMV has reached parity between the number of male and female capital representatives. Read more about Dr. Catasta.
September 13, 2021
Jewish Museum Vienna: Barbara Staudinger to Succeed Danielle Spera After 12 Years
Dr. Barbara Staudinger has been unanimously selected to succeed Dr. Danielle Spera as the managing director of the Jewish Museum Vienna. Dr. Spera has served as the director of the museum since 2010, and her contract will expire in June 2022. Read more about Dr. Staudinger and some of the responses to her selection.
September 13, 2021
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"Made in Austria": Ambassadors to Serve as Export Promoters
The Austrian government is calling on its diplomats around the world to promote Austria's export and tourism industries abroad to help the economy recover from the COVID-19 crisis. At the opening event of "ReFocus Austria", Chancellor Kurz, Foreign Minister Schallenberg, and Vice-President of the Federal Chamber of Commerce (WKÖ) Martha Schultz laid out the government's plan. Read about "ReFocus Austria," what these officials said about it, and watch the video of the opening event.
September 10, 2021
Back to School: 82 Percent of Austrian Teachers Vaccinated
As the school year begins, statistics show that 82 percent of Austrian teachers have been fully vaccinated against COVID-19. This is a much higher proportion than that of the general population, which is 65 percent fully immunized. The willingness to vaccinate varies by federal state, type of school, gender, and age group. Read more about the results of the study, such as where each federal state ranks on the list.
September 9, 2021
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Austrian University Spin-offs at the World Expo in Dubai
The World Expo 2020, which retained its name despite being postponed to 2021, will begin in October in Dubai. Various Austrian university spin-offs will present their innovations that will have positive impacts on climate-conscious behavior. These spin-offs include GREENPASS, REEgain, WoodC.A.R., City Intelligence Lab (CIL), Mostly AI's Mostly GENERATE, and Incremental3D's myPot. Read more about Austria's contribution to the upcoming World Expo and what innovations these spin-offs will be presenting.
September 8, 2021 · Updated: September 8, 2021; 16:16
One Million Corona Vaccine Doses for Tehran
Due to the spread of the delta variant, Iran is currently suffering from the fifth and most severe wave of the coronavirus pandemic. To help assist Iran in the fight against the pandemic, Austria is providing the country with one million doses of the AstraZeneca COVID-19 vaccine. Austrian Ministers Schallenberg, Nehammer, and Mückstein all expressed their support for the aid package.
September 8, 2021
Austria Now Has Its Own Space Strategy
The Austrian Ministry of Climate Action, Environment, Energy, Mobility, Innovation and Technology (BMK) recently presented Austria’s space strategy. In the BMK's report to the National Council entitled "Austrian Space Strategy 2030+," Federal Minister Leonore Gewessler explained that sustainability will be central to the Austrian space strategy. Read about the space strategy and its six overarching goals.
September 6, 2021
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Women on the Boards of Austrian Listed Companies: Only 14 out of 192
A study shows that women are still significantly underrepresented on the boards of Austrian companies on the Vienna Stock Exchange. The number of female board members in Austria's listed companies has decreased by one woman compared to the beginning of 2021, leaving the total at 14 out of 192. Read more about the details of the study.
September 6, 2021
Number of Naturalizations in Austria Continues to Rise Despite Covid
Despite the COVID-19 pandemic, naturalizations in Austria have increased in the first half of 2021. During this time Austria granted citizenship to 5,057 people. In the same period, however, Vienna experienced a decrease in the number of naturalizations. Read more about the details of this trend and how they vary among the federal states of Austria.
September 3, 2021
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1.8 Million Euro Seed Funding for Austrian Crypto Investment Start-up
The cryptocurrency investment start-up Coinpanion is receiving € 1.8 million in seed investments from well-known investors in Austria and Germany. The lead investor is the German High-Tech Gründerfonds (HTGF), one of the most active venture capital funds on the European market. Read more about the start-up and those investing in it.
September 2, 2021
Wirecard Scandal: Marsalek Confidant Arrested in Singapore
A close confidant of the Austrian-born former Wirecard board member Jan Marsalek, who is wanted on an international arrest warrant, has been arrested in Singapore. Briton Henry O'Sullivan is considered a close confidant of Marsalek and plays an alleged key figure in the multi-billion Wirecard fraud scandal.
September 1, 2021
Are "Green Bonds" also Coming to Austria?
At the European Forum Alpbach, Austrian Finance Minister Gernot Blümel announced that Austria wants to issue a so-called "green bond" in the first half of 2022. The Ministry of Finance and Federal Financing Agency (OeBFA) have already completed the necessary technical work to issue the bonds. Read more about "green bonds" and Austria's plans to begin issuing them.
September 1, 2021
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Alfred Stern Takes Over from Rainer Seele as CEO of OMV
Effective September 1, 2021, Alfred Stern will assume the position as Chairman of the Executive Board and CEO of OMV, the Austrian oil and gas group.
August 31, 2021
Inflation in Austria: Highest Rate in 10 Years
In August 2021, the inflation rate reached 3.1%, the highest value since December 2011.
August 31, 2021
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50th Anniversary: Diplomatic Relations between China and Austria
To commemorate the anniversary of diplomatic relations between the People's Republic of China and Austria, the Austrian Post (Österreichische Post) has now also issued a special postage stamp.
August 30, 2021
Western Balkans: Further Austrian Corona Solidarity Campaign for all Six States
The final share of promised COVID-19 vaccines was delivered to Bosnia and Herzegovina, ending an EU solidarity campaign led by Austria. A total of 651,000 COVID-19 vaccines from the manufacturer BioNTech/Pfizer were provided to the six Western Balkan states: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia.
August 30, 2021
Covid Booster Vaccinations Start Plus More Vaccination Buses
Lower Austria has announced that it will begin administering COVID-19 booster shots for elderly and risk patients in nursing homes and clinics, an additional three vaccination buses will stop in various communities throughout Lower Austria, and the testing strategy is being expanded to include PCR-test vending machines.
August 30, 2021
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ÖBAG: Attorney Edith Hlawati to Succeed Thomas Schmid
The Supervisory Board of Österreichische Beteiligungs AG (ÖBAG) has appointed the internationally recognized business lawyer Dr. Edith Hlawati as the new Chief Executive Officer of ÖBAG. She will succeed Thomas Schmid and take over the management of the state holding on 1 February 2022. Learn more about her and the selection process.
August 30, 2021
The Chamber of Commerce Switzerland-Austria-Liechtenstein Turns 100 Years Old
The Chamber of Commerce Switzerland-Austria-Liechtenstein or Handelskammer Schweiz-Österreich-Liechtenstein (HKSÖL) has supported economic relations between the countries for 100 years. They provide professional assistance to companies in these countries and Central and Eastern Europe. The HKSÖL has facilitated a particularly successful economic relationship between Austria and Switzerland. Read more about what the HKSÖL does and the Austro-Swiss economic relationship.
August 27, 2021
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Vienna Danube Tower: Dining Pleasure at a Height of 170 Meters
The Vienna Danube Tower (Wiener Donauturm) offers various packages for enjoying a panoramic view of Vienna at 170 meters high. The tower cafe and tower restaurant offer three-course menus, romantic dinners, brunch buffets, birthday parties, and more. Read more about the various dining options at the top of the Danube Tower.
August 24, 2021 · Sponsored Content
Austrian Business Agency: René Tritscher Succeeds René Siegl
René Tritscher has succeeded René Siegl as the new Managing Director of the Austrian Business Agency (ABA). Read about Mr. Tritscher's views on the future of the agency, as well as his previous experience working for ABA - WORK in AUSTRIA and the Austrian Economic League (Österreichischer Wirtschaftsbund).
August 24, 2021
Nuclear Concerns: Austria Expresses Reservations About Slovenian Nuclear Plant
Slovenian Foreign Minister Anže Logar and the Slovenian State Secretary for Infrastructure Blaž Košorok met with Austrian Foreign Minister Alexander Schallenberg and Styrian Governor Hermann Schützenhöfer in Ljubljana. Among other issues, the group discussed Austria's concerns with the nuclear energy industry and, more specifically, Austria's concerns with Slovenia's nuclear power plant in Krško.
August 24, 2021 · Updated: August 24, 2021; 12:22
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Importance of Economic Relations Between the United States and Austria
The American Chamber of Commerce in Austria (AmCham Austria) presented a new study on the importance of economic relations between the United States and Austria. AmCham also provided a position paper with five key recommendations to the Austrian Minister for Digital and Economic Affairs Dr. Margarete Schramböck and Secretary-General of the Austrian Foreign Ministry Peter Launsky-Tieffenthal. Read about the findings of the study and AmCham's recommendations.
August 23, 2021
Ukrainian-Austrian Solidarity: Schallenberg Attends Inaugural Summit of Crimea Platform and Delivers Vaccines
Ukrainian Prime Minister Denys Shmyhal hosted Austrian Foreign Minister Schallenberg in Kiev for working talks. Schallenberg also attended the founding event of the Crimea Platform, which aims to reverse the 2014 annexation of Crimea by Russia, and he delivered a shipment of AstraZeneca vaccines to aid Ukraine in the COVID-19 pandemic fight.
August 23, 2021 · Updated: August 23, 2021; 16:48
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Casinos Austria International in Japan: Casino Resort Milestone Completed
CAI, a wholly owned subsidiary of Casinos Austria AG, has cleared an important hurdle in an elaborate selection process in Japan (Nagasaki Prefecture) for one of the three casino licenses to be awarded.
August 20, 2021
Woom to Double Workforce by 2022: Merging European and US Operations
The Austrian children's bicycle manufacturer woom has merged its operations in Europe and the USA. The company is also expected to double its workforce by 2022, creating more jobs in the manufacturing industry. Read more about woom and its recent merger.
August 20, 2021
Parking Permit: Vienna Introduces Uniform Parking Sticker
The City of Vienna is introducing uniform parking stickers (Parkpickerl) throughout the city. The stickers and new parking regulations are supposed to create more parking spaces, reduce traffic, increase the use of public transport, and help with climate change. Learn more about the sticker and why Vienna made this decision.
August 20, 2021
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Vienna Prater: Traditional Amusement Venue Gets Dedicated Museum
By 2024, a new Prater Museum will be constructed on the Straße des Ersten Mai near the Giant Ferris Wheel. This will provide a more suitable location for the City of Vienna and Wien Museum to display the Prater collection and tell the history of the Prater.
August 19, 2021
Vienna's New International Long-Distance Bus Terminal
Construction on Vienna’s new international long-distance bus terminal funded by Donau Busterminal Realisierungs GmbH and designed by Burtscher-Durig is set to begin by the end of 2022, and the terminal is expected to be operational by 2024 or 2025. Read more about the estimated project costs of 200 million euros and some of the advantages it presents to international travelers.
August 18, 2021
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Latest Corona Update: The Austrian Green Passport - What Is It For?
The Green Passport is now being used by many people to provide proof of vaccination, recovery, or a negative test for COVID-19 in Austria and throughout the EU. Learn more about what the "Green Passport" is and what it is used for.
August 17, 2021
Austria Celebrates Ten-millionth COVID-19 Vaccination
Austrian Chancellor Sebastian Kurz and Health Minister Wolfgang Mückstein celebrated Austria administering its ten-millionth dose of the COVID-19 vaccines. The pair thanked everyone for their efforts and pleaded with the unvaccinated to go get vaccinated.
August 16, 2021
Blümel: We Are Continuing to Help Those Businesses That Need It
Austrian Finance Minister Gernot Blümel announced that businesses can apply for two types of aid to help mitigate struggles due to the ongoing COVID-19 pandemic and economic crisis. The default bonus II has been adapted and extended until the end of September, and the loss replacement until the end of the year.
August 16, 2021
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Solidarity With Bosnia and Herzegovina: Austria Sends 500,000 Vaccines
Austria has sent over 500,000 AstraZeneca COVID-19 vaccines to Bosnia and Herzegovina. This shipment is in addition to the 650,000 vaccines that were provided to the Western Balkan states by the EU. Austrian Chancellor Sebastian Kurz, Foreign Minister Alexander Schallenberg, and Health Minister Wolfgang Mückstein all expressed their pleasure in working with Austria's neighbors to end the coronavirus pandemic.
August 11, 2021
Austrian Airlines CEO: "The crisis does not allow for a sigh of relief"
A report shows that Austrian Airlines, like the airline industry as a whole, is still suffering greatly from the COVID-19 pandemic. CEO Alexis von Hoensbroech acknowledges that 2021 has been better than 2020 so far, but the airline is still a long way from reaching pre-pandemic numbers.
August 9, 2021
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Austria Preparing for COVID-19 Vaccine Booster Shots
New studies suggest that a COVID-19 vaccine booster shot will be necessary to help end the pandemic. Austrian Chancellor Sebastian Kurz and Health Minister Wolgang Mückstein publicly stated that Austria is taking the necessary steps to prepare for administering a third dose of the vaccine once it is recommended by the European Medicines Agency (EMA).
August 9, 2021
The New Austrian Identity Card: Modern and Forgery-proof
Experts from the Austrian Ministry of the Interior, Federal Criminal Police Office, and Austrian State Printing House have developed a modern and more secure identity card. The release of the cards is accompanied by a new mobile phone app that allows users to verify the authenticity of the new cards.
August 6, 2021
Austrian Airlines: Tourist Destinations in the Mediterranean Region Pilot Airline in the Right Direction
With a focus on destinations in the Mediterranean region, Austrian Airlines’ summer flight schedule gave the company an important upward boost. Also, AUA’s flights from the US destinations New York, Washington and Chicago to Vienna were well booked. But what will become of the coming fall/winter season?
August 6, 2021
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Austrian Wholesale Prices: Largest Increase Since March 2011
In July 2021, wholesale prices saw their largest year-over-year increase since March 2011. The increases can be seen in the steel industry, gas industry, agricultural industry, and more. Read about which other industries the increases are affecting and just how significant the increases are.
August 6, 2021
Real Estate: Property Becoming Increasingly Expensive in Austria
Real Estate prices continue to rise in Austria despite the COVID-19 pandemic. While the property market is becoming increasingly expensive, rents in Vienna remain fairly affordable. Learn the new cost of buying property in Austria and how it compares with the rest of Europe.
August 5, 2021
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Where to Get a Paid Corona Test in Vienna
Vienna offers many COVID-19 testing options, both free and paid. Read about where to get paid PCR-tests, antigen tests, and or antibody tests for the coronavirus in Vienna.
August 4, 2021
Economic Opportunity: Malaysian-Austrian Joint Statement on Cooperation
Malaysian Minister of International Trade and Industry Mohamed Azmin Ali met with the Austrian Minister of the Economy Margarete Schramböck. The pair discussed cooperation in the high-tech industry, education and more. The two ministers also signed a joint statement, affirming Malaysia and Austria's intention of further economic cooperation.
August 3, 2021
Emergency Aid for Tunisia: Austria Delivers 50,000 Vaccines
Tunisia is receiving 50,000 AstraZeneca vaccines for COVID-19 from Austria. This comes as Tunisia is suffering heavily from the pandemic and has requested assistance.
August 3, 2021
Pioneering Hydrogen Alliance between the United Arab Emirates and Austria
On the occasion of the visit of the Ruler and Crown Prince of the Emirate of Abu Dhabi, Sheikh Mohamed bin Zayed bin Sultan Al Nahyan to Austria, the United Arab Emirates (UAE) and Austria agreed on a strategic partnership. The core of the agreement is closer international cooperation in the fields of hydrogen, renewable energy, youth exchange, green technologies, digital economy and research, according to the UAE Embassy in Vienna and Chancellor Kurz.
August 1, 2021
Peace in Hard Times: Global Peace Photo Awards Ceremony
After canceling the event last year due to the COVID-19 pandemic, the Global Peace Photo Awards Ceremony 2020 was recently held in Baden. The Global Peace Photo Awards Ceremony 2021 will be held later this year. These awards honor the images that best capture the theme of peace each year. Read about the ceremony and who won the awards for 2020.
July 30, 2021
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Vienna International Airport: Current Situation for Arriving and Departing Passengers
Before traveling through Vienna International Airport, it is important to be up to date on the current regulations regarding COVID-19. Read about entry requirements, PCR testing at the airport, and more.
July 30, 2021
Can I Get Free COVID-19 Tests at Vienna Airport and How Does It Work?
PCR and rapid antigen tests for COVID-19 are available at the Vienna International Airport. However, they are not free, and there is a process for getting one. Learn more about the specifics here.
July 29, 2021
Vienna Airport: Resumption of Flights to Toronto, Abu Dhabi, Riyadh and Jeddah
Vienna International Airport announced the resumption of flights to Toronto, Canada; Abu Dhabi, UAE; and Riyadh and Jeddah, Saudi Arabia. The flight resumptions will also provide more connection opportunities to other destinations around the globe.
July 28, 2021
Free PCR Tests in Lower Austria's Pharmacies Starting Immediately
Lower Austria's pharmacies are now offering free COVID-19 PCR tests. This will be especially helpful given the new requirements of a negative PCR test or proof of vaccination to enter clubs or discos. The offer will be provided in conjunction with the progress being made with vaccines. Read about how to get a test and the latest news about Lower Austria's vaccination efforts.
July 28, 2021
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