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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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Austrian Post Invests More Than EUR 100 Million in Turkish Subsidiary
Despite the critical tensions between the European Union and Turkey, the Austrian Post will be investing more than EUR 100 million in a Turkish subsidiary in the next five years. CEO Pölzl is confident that the separation of politics and the business aspect will be also possible in the future.
October 23, 2020
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Van der Bellen at Viennale 2020: "We Need the Film"
The 58th Viennale is currently taking place despite Covid-19 and all the regulations that are in place. Federal President Van der Bellen and director of the festival, Eva Sangiorgi, both emphasize the importance of film even though the pandemic has impacted the industry dramatically.
October 23, 2020
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Danger for Winter Tourism: Germany Warns Of Travel to Austria
After Germany had warned against travel to Vienna, Tyrol and Vorarlberg last week, rising Covid-19 infection rates in other parts of Austria have led to an expansion of the travel warnings to almost every federal state of Austria. These warning will be in effect on Saturday with no end in sight.
October 22, 2020
Foreign Disaster Fund Alleviates Covid-19 Consequences Abroad
In order to fight the impact of Covid-19 in developing countries and for people in fragile situations, the Austrian government has decided to release EUR 12 million of the Foreign Disaster Fund to NGOs that will be distributing the money as needed in the particular areas.
October 21, 2020
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September: 75 Percent Fewer Overnight Stays in Vienna
Compared to September 2019, Vienna has recorded 75 percent less overnight stays this year. Due to Covid-19 and current travel regulations, the City of Vienna faces a drastic reduction in tourists which can be also observed when looking at the statistical measurements.
October 20, 2020
First Microsoft Cloud Data Center in Austria
Microsoft has announced the establishment of Austria's first ever data center region. Chancellor Kurz says that this "represents a decisive competitive advantage" and thanks Microsoft for the commitment to Austrian companies and their employees.
October 20, 2020
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Austrian Railways: EUR 17.5 Billion of Investment Until 2026
The railway system in Austria will see impactful investments in the near future. Due to a package of around EUR 17.5 billion until 2026, the Federal Government together with Austrian Railways (ÖBB) will try to make travelling and transporting by rail even more attractive to customers.
October 20, 2020
EU Health Agency Classifies Austria as Red
After rising infection rates in Austria, the EU has issued the highest warning stage and switched the traffic light to red. Although there are no binding regulations or recommendations in connection with the traffic light, a decrease in travel is to be expected.
October 19, 2020
Investor Survey: Vienna Among Top 3 Locations for Real Estate Investments
Despite the Covid-19 crisis, Vienna is still one of the most attractive European metropolises for real estate investments. According to a recent survey among investors, London, Berlin and Vienna make up the Top 3 locations in which real estate is highly sought.
October 19, 2020
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World Statistics Day 2020: New Economic Monitor Shows Austria's Economic Development
Statistics Austria has introduced a new economic monitor which shows Austria's economic development over time. Data is updated biweekly and will include more than 80 economic indicators across different sectors and industries. In addition to this monitor, Statistics Austria provides a Covid-19 data collection which focuses also on population, health and education.
October 19, 2020
European Ministers Sign EU Cloud Declaration
At the Informal Council of EU Minister for Telecommunication and Digitalization the future of the EU with regard to security, exchange and use of data was discussed. Austrian Minister Schramböck is delighted about the progress made and the signing of the EU Cloud Declaration that should enable an even better exchange of data among member states.
October 15, 2020
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Winter in Vienna: New Year's Eve Trail Cancelled, Vienna Ice Dream Still On Track
The Covid-19 related cancellations of events were a common theme in the recent months. Now, Vienna's New Year's Eve Trail is the next victim of the pandemic. The popular event will not be held in 2020, while the organizers of the Vienna Ice Dream are still confident to see visitors gliding along the ice tracks.
October 14, 2020
EU Prize for Young Journalists Goes to Austrian
The European Commission celebrates two budding journalists from Austria and Portugal with the Megalizzi-Niedzielski Award 2020. Their commitment to quality journalism and to the values of the EU is highly appreciated by EU Commissioner Ferreira.
October 13, 2020
100 Years Carinthian Referendum: Van der Bellen Apologizes to Carinthian Slovenes
During the 100 years anniversary of the Carinthian Referendum, Federal President Van der Bellen apologized to the Slovene minority in Carinthia for the bad treatment they had received in the past. He emphasized the importance of ethnic groups in Austria and hopes that these minorities will continue to exist.
October 12, 2020
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Federal Chamber of Commerce: Lockdown Is Unthinkable and Needs To Be Avoided
The heads of the Federal Chamber of Commerce emphasize the importance of avoiding a second lockdown due to rising Covid-19 cases in Austria. They also demand further support measures for the economy and particularly hope that the EU approves the planned fixed cost subsidy.
October 9, 2020
Vienna-based OPEC Launches Newest Edition of World Oil Outlook
The 2020 OPEC World Oil Outlook (WOO) has been launched in Vienna providing, among other topics, the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the Covid-19 pandemic on the global energy and oil markets.
October 8, 2020
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Swiss Twannberg Meteorite at Natural History Museum Vienna
On the occasion of the official visit of the Swiss President of the Council of States Hans Stöckli to Austria, a piece of the Twannberg meteorite was handed over to the Natural History Museum Vienna. The piece that is estimated to be more than 150,000 years old can now be viewed in the Meteorite Hall of the museum.
October 7, 2020
Austrian Airlines to Reduce Flights and to Increase Short-Time Work
Due to new travel restrictions from Germany, Switzerland and other countries with regard to the increasing number of Covid-19 cases in Austria, Austrian Airlines will reduce the number of flights which were originally planned for the upcoming season to only 30% compared to last winter.
October 6, 2020
Foreign Ministry Announces First Special Representative for Humanitarian Aid
Austria's first-ever Special Commissioner for Humanitarian Aid will be appointed by the Foreign Ministry in order to assure the proper coordination of humanitarian aid projects. Effective allocation of funds which amount to EUR 50 million will also be part of the duties of Mr. Christoph Schweifer.
October 6, 2020
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Digital Days 2020 Reached Over 1,100 Registered Users
The Digital Days 2020 hosted by the City of Vienna as a hybrid event have welcomed over 1,100 users with more than 4,000 views in total. Digitalization in every business sector was discussed among politicians and experts from the business world.
October 5, 2020
Launch of the European Month for Cyber Security 2020
A joint information campaign of Europol and its partners will once again host the European Month for Cyber Security. This event should help the prevention of cyber crime by raising awareness and providing information to individuals and organizations.
October 2, 2020
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Tourism Conference: Clear Regulations and Low Infection Rates Are Prerequisites
Tourism in Austria will be possible with clear regulations and low infection rates, according to Tourism Minister Köstinger. The Federal Minister met with representatives of the federal states to discuss how and in which form winter tourism will be possible this year.
September 29, 2020
EXPO 2020 Dubai: Austria Pavilion Past First Construction Stage
The World Expo 2020 in Dubai, which will now be taking place in 2021, will also be starring about 100 companies from Austria. With the completion of the Austria Pavilion's first construction stage, these companies are now one step closer to a successful exhibition.
September 25, 2020
Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
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Swiss President Welcomes Kurz
Swiss President Sommaruga and Austria's Chancellor Kurz met near Bern to discuss current topics related to the Covid-19 pandemic and the cooperation between the two countries. Kurz also met with CEOs of leading Swiss pharmaceutical companies to discuss the current vaccine developments.
September 21, 2020
Environmental Support Act: 1 Billion for Climate Protection Support until 2022
The National Council is in favor of a budget increase dedicated to climate protection. In detail, the Environment Committee wants to raise the amount of funding to EUR 1 billion by 2022 which will be invested in biogenic heating networks, renovation of buildings and other measures.
September 17, 2020
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Austrian World Summit 2020 Was a Success
The Austrian World Summit 2020 was held in a mixture of analog and digital setting due to Covid-19, yet starred international personalities that all highlighted the importance of sustainability and the fight against climate change.
September 17, 2020
Sacher Hotels Lay Off 140 Employees
The dramatic situation in Austria's tourism industry does not even spare one of the most prestigious hotels in Europe. The Sacher Hotels, located in Vienna and Salzburg, have announced the dismissal of 140 employees.
September 15, 2020
Digital Days 2020 on the "Digital Capital of the People"
The Digital Days 2020 organized by the City of Vienna will be held as an online conference with the main theme being "Digital Capital of the People". It will take place from September 30 to October 1 and registration is free of charge.
September 14, 2020
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2,300 Potential Job Losses in Steyr
The German truck and bus subsidiary MAN announced that 9,500 jobs are in danger due to reorganization of the company. 2,300 and therefore the total workforce of the production site in Steyr, Austria might be included in the cut.
September 11, 2020
EU Puts a Hold on Austria's Fixed Cost Subsidies
The European Commission has questioned Austria's newly introduced fixed cost subsidy to the surprise of many Austrian politicians and experts. Companies in the sectors tourism and export were predominantly planned to be subsidized.
September 9, 2020
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Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
Climate Protection Minister Presents Measures Against Plastic Flood
Climate Protection Minister Gewessler announces a three-point plan to tackle Austria's plastic waste. These measures include a deposit system, a producer's levy and a reusable quota.
September 7, 2020
WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
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EU Supports Young Researchers with EUR 677 Million
The European Commission is providing a total of EUR 677 million to over 400 recipients of a "Starting Grant" from the European Research Council. Eleven of the selected junior researchers are conducting research at Austrian institutions.
September 4, 2020
Climate and Energy Goals: Additional Measures Will Be Needed for Austria
Austria's Ministry for Climate Protection recognizes the need for additional protective measures in order to meet the climate targets established by the European Union. An increases of investments in sustainable ideas is demanded.
September 3, 2020
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Massive Drop in the Austrian Service Sector Turnover in 2nd Quarter of 2020
The service sector experienced a major decrease in turnover by 27.9% less than in the same timeframe of the previous year. The sectors "accommodation and gastronomy" and "other economic services" like travel agencies declined at the most.
September 3, 2020
Austrian Technology Company Kapsch Will Cut Around 400 Jobs
Vienna-based company Kapsch is likely to cut about 400 jobs globally in the near future. The company has commenced a transformation program that will allow it to be successful in the future.
September 3, 2020
Free COVID-19 Tests for Employees of the Gastronomy Sector
Tourism Minister Köstinger announced that employees from gastronomy businesses, youth hotels and camping sites can be freely tested for the Coronavirus since 1 September.
September 2, 2020
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Schallenberg: "The EU Has Reached a Turning Point in the Relations With Turkey"
Austria's Foreign Minister Schallenberg explains the current relationship between the European Union and Turkey. The recent developments in the easter Mediterranean are testing the relation once again.
September 1, 2020
Metro Line U2 Is Now Going More Often to Seestadt
The Wiener Linien (Viennese Public Transport Lines) are starting to provide more U2 metros to the end station Seestadt just in time with the start of schools on September 7. From next week on, not only in the morning but also in the afternoon and evening every metro will go to the final station.
August 31, 2020
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Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
Kurz: "There is light at the end of the tunnel"
Today, Chancellor Kurz was holding a State of the Union Address and talked about the Coronavirus, special vacation for parents and a "pact against isolation". According to him, the next summer will be normal again. However, the time until then will be challenging.
August 28, 2020
Industry at Alpbach Technology Talks: Austria's Federation of Industries Demands to Start the Technology Offensive Now
The President of the Federation of Austrian Industries (Industriellenvereinigung) Georg Knill used the European Forum Alpbach to underline the importance of research, technology and innovation for a wealthy future economy.
August 28, 2020
Student Apartments Are Getting more Expensive in Austria
In 4 out of 6 student cities across Austria, the rent for single apartments which are mostly used by students are increasing. Only in Graz and in Linz the cost of the rent is experiencing a slight decline.
August 27, 2020
Iran Allows Vienna-based IAEA Access to Controversial Nuclear Facilities
Vienna-based IAEA is allowed to inspect two nuclear facilities in the Islamic Republic of Iran. After an ongoing dispute between the IAEA and the Iran, a joint statement settles the dispute.
August 27, 2020
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Austrian Construction Company Porr Reports Losses in the Second Quarter of 2020
The second largest construction company in Austria, Porr, recorded losses in the first half of the year 2020. The obvious reason: Covid-19 and the subsequent shutdowns and restrictions.
August 27, 2020
Austrian Foreign Ministry Endows Special Prize for International Art
Austrian Foreign Minister Alexander Schallenberg announces a new prize for international artistic projects that deal with the impact of technology and digitalization on society.
August 27, 2020
Three Quarter Less Overnight Stays in Vienna
This July, the number of overnight stays in the city of Vienna decreased by 73.3% compared to July 2019. The major reason is the Coronavirus lockdown and the travel restrictions implemented by other countries.
August 26, 2020
After Discussions in Austria: IHS and WIFO Against Statutory Reduction of Working Hours
Austrian economic research institutes IHS and WIFO are both against a reduction of working hours. According to the experts, training and retraining for the unemployed would be better approaches.
August 26, 2020
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