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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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 (Our live coverage has now concluded)
This live ticker has been terminated. Our live coverage has now concluded.
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
No More Direct Flights Between Beijing and Vienna
Because of the coronavirus crisis, Air China has now also temporarily suspended all flights between Beijing and Vienna. AUA Austrian Airlines already suspended all flights to China on 6 February 2020 - provisionally until the end of the winter flight schedule.
February 26, 2020
Austrian Chancellor Kurz at 10 Downing Street
Chancellor Kurz met with British Prime Minister Boris Johnson in London today. The discussion with Johnson focused on London's future relations with the European Union.
February 25, 2020
Italy-Austria: Coronavirus Emergency Measure Caused Chaos and Panic
A false coronavirus alarm paralysed train traffic between Italy, Austria and Germany. Meanwhile the far right Freedom Party demands that the National Security Council should discuss the situation and that travel to Austria from the affected regions should be restricted.
February 24, 2020 · Updated: February 24, 2020; 11:57
Business with China Slumps: Chamber of Commerce Sets Up Coronavirus Hotline
Because of the coronavirus crisis, the Austrian Federal Economic Chamber (WKO) is now also reacting and setting up an auxiliary hotline for the approximately 1,000 affected companies in the Austrian-Chinese trade.
February 23, 2020
Patrick Zehetmayr Appointed Boss of Erste Group's Commercial Real Estate Activities
The Salzburg native, who has almost 30 years of experience in banking and real estate business with Erste Group, was chosen to lead Erste's commercial real estate coverage and financing.
February 19, 2020
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