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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
UNOOSA Launches "Space Bridge" to Promote Global Space Dialogues
The United Nations Office for Outer Space Affairs (UNOOSA) has launched the "UNOOSA Space Bridge" under the leadership of Aarti Holla-Maini. This project was presented at the World Space Forum in Vienna and aims to strengthen global dialog to promote local action. The initiative aims to promote international expertise through targeted exchange programs and connect isolated areas of work.
January 2, 2024
Obituary of Gaston Glock: Austria's Most Famous Gunmaker
Renowned entrepreneur and engineer Gaston Glock, founder of the world-renowned gun company Glock, has passed away at the age of 94. Glock, who founded the company in 1963 in Deutsch-Wagram in Lower Austria, revolutionized the industry with his gun production and established his brand globally.
December 28, 2023
French-Austrian Cultural Exchange: Costa-Gavras Honors Vienna with an Inspiring Visit
Vienna was enriched by a visit from the renowned Franco-Greek director Costa-Gavras. Accompanied by his wife Michèle, the award-winning cineaste enjoyed a day full of cultural highlights in the Austrian capital. The visit concluded with a meeting between Costa-Gavras and leading representatives of the Austrian film at the French Embassy.
December 27, 2023
Emirati State Fund Mubadala Fails with Claim Against Signa Holding
The Abu Dhabi sovereign wealth fund, Mubadala, has failed with a significant claim against the insolvent Signa Holding. The request to claim a payment of 713 million euros was rejected in emergency arbitration proceedings.
December 21, 2023
Vienna Stock Exchange Expands Offering with Focus on ESG and Digitalization
The Vienna Stock Exchange has announced a significant expansion of its offering in the global market and Exchange Traded Funds (ETFs) segments with a focus on ESG (Environmental, Social, and Governance) and digitalization.
December 21, 2023
New Second Home Tax in Vienna in 2025
Vienna is implementing new measures to regulate second homes. From 2025, an annual tax will be introduced for people who have a secondary residence in Vienna but do not have their main residence there.
December 21, 2023
Russian Oligarch Oleg Deripaska Sells STRABAG Shares to Russian Corporation
The Russian oligarch and major shareholder of STRABAG, Oleg Deripaska, has initiated a sale of his considerable stake in the Austrian construction group to a Russian joint stock company.
December 19, 2023
Vienna Commercial Court Establishes Creditors' Committee for Signa Holding
The Austrian Signa Holding, founded in 2000 by René Benko, is currently facing major challenges. The Commercial Court of Vienna has set up a creditors' committee for the ongoing reorganization proceedings to examine the non-transparent structures of the Signa Group and to decide on the reorganization plan offered by Signa.
December 18, 2023
Ukraine Removes Raiffeisen Bank International from the List of "War Sponsors"
The Ukrainian government has temporarily removed Raiffeisen Bank International (RBI) from the controversial list of "war sponsors". This step follows intensive bilateral talks and consultations with representatives of the European Commission. RBI, which was previously criticized for its business activities in Russia and the recognition of the self-proclaimed Donetsk and Luhansk People's Republics by its Russian subsidiary, is now no longer suspected of supporting the Russian war of aggression.
December 17, 2023
Jan Marsalek's Deep Connections with Russian Intelligence Revealed
Jan Marsalek, once a high-ranking figure at Wirecard and now one of Europe's most wanted criminals, has been exposed as a long-time spy for Russia. Marsalek is reportedly currently in Dubai and is reorganizing Russian operations in Africa.
December 15, 2023
OMV's Borealis to Merge with Borouge in a 30 Billion Euro Deal
OMV's subsidiary Borealis is set to merge with the Abu Dhabi-based petrochemical company Borouge, creating a new global heavyweight in the chemical and plastic sector with an estimated value of 30 billion euros. This significant move marks a transformative step in the ongoing value creation and chemical growth strategy of both companies.
December 14, 2023
The Future of a Crumbling Empire: René Benko's Signa Group in Insolvency
The insolvency of the Signa Group, an Austrian company active in various sectors, including the real estate market, has far-reaching implications. Read more about the future of the Austrian flagship company!
December 6, 2023
Glock Ecotech Launches Sustainable Energy Project in Sweden
The Austrian company Glock ecotech has taken a significant step towards sustainable energy supply in Sweden. With the successful commissioning of its first electricity-to-heat power plant near Nyköping, the company now also offers an environmentally friendly energy option in the Scandinavian region.
December 5, 2023
Austro-Arab Chamber of Commerce Hosts Libyan Delegations for Industry and Digital Transformation Talks
In a series of significant events, the Austro-Arab Chamber of Commerce (AACC) in Vienna, Austria, played host to high-level delegations from Libya, focusing on industrial development and digital transformation.
December 5, 2023
Revolutionizing E-Mobility in Austria: Introduction of the E-Control Tariff Calculator for E-Charging Stations
In a new initiative to promote e-mobility, the Austrian regulatory authority E-Control has introduced a new comparison calculator for public e-charging points.
November 23, 2023
Vienna Stock Exchange Strengthens International Presence with Barclays as New Trading Member
The Vienna Stock Exchange announced a significant step in its international expansion with the addition of Barclays Bank Ireland PLC as a new trading member. This marks an important milestone in the history of the exchange by adding one of the world's leading banks to its trading circle.
November 21, 2023
Energy Transition and Sustainability: French Visit to the AMAG Aluminum Plant in Upper Austria
The French Ambassador to Austria, Gilles Pécout, visited the AMAG aluminum factory in Upper Austria. He was accompanied by the Honorary Consul Mr. Redlhammer and Mr. Chaumont from the Economic Service. During this visit, they were received by the Managing Director of AMAG, Gerald Mayer, and the company spokesman, Leopold Pöcksteiner. The meeting provided an opportunity to shed light on the company's operational activities, strengths, and challenges.
November 17, 2023
Uncovering of Money Laundering and Real Estate Fraud in Austria and Cyprus
New leaks have uncovered a complex network of opaque asset transfers centered around Russian oligarchs and Austrian real estate. According to the investigative project "Cyprus Confidential", Austrian real estate is particularly popular with wealthy Russians. Around 40 Cypriot companies own real estate in Vienna, often penthouses in expensive locations.
November 16, 2023
Wien Energie Builds a New Large Heat Pump for a Climate-Friendly District Heating Supply
Wien Energie has announced the construction of a new large-scale heat pump at the Spittelau waste incineration plant, which will increase the plant's efficiency by 13 percent and supply 16,000 households in Vienna with district heating from 2025. This third large-scale heat pump in Vienna is a significant step towards the city's climate targets, which aim to be climate-neutral by 2040.
November 16, 2023
Natural History Collections Document Loss of Biodiversity
Natural history collections are not only valuable cultural archives but also crucial research infrastructures that document the Earth's biodiversity and its loss. In a time of global change, these collections are becoming increasingly important.
November 15, 2023
OPEC Secretary General Al Ghais Advocates for Increased Oil Production Amidst Global Energy Transition
In a recent op-ed and public statement, OPEC Secretary General, His Excellency Haitham Al Ghais, presented a compelling argument for the necessity of oil in today's world, even as global energy transitions are underway.
November 13, 2023
China and OPEC Cement Economic Ties for a Sustainable Energy Future
In a landmark progression for global energy relations, China and the Organization of the Petroleum Exporting Countries (OPEC) have significantly deepened their partnership, moving from a historical ideological alliance to a robust economic collaboration. This shift is set to have far-reaching implications for market stability and the sustainable development of the global energy sector.
November 9, 2023
Signa in Upheaval: Rene Benko's Retreat and the Future of the Real Estate Giant
Significant changes have now taken place at the real estate and retail group Signa. Company founder Rene Benko is stepping down and handing over the reins to restructuring expert Arndt Geiwitz. This step follows pressure from investors and is intended to initiate a comprehensive restructuring of the group. Benko's removal from power was already apparent in the industry, but it has now been officially announced that Geiwitz will take over as Chairman of the Shareholders' Committee and the Advisory Board. However, the circumstances surrounding Benko's voting rights remain uncertain.
November 9, 2023
"Peace" Exhibition at the Jewish Museum Vienna: A Sign of Hope in Times of Conflict
In the heart of Vienna, the Jewish Museum Vienna, part of Wien Holding, is opening an exhibition dedicated entirely to peace - a bold statement at a time when the echo of war can be felt both in Israel and in Europe. Under the honorable patronage of Federal President Dr. Alexander Van der Bellen, the exhibition will be presented to the public at the Museum Judenplatz.
November 7, 2023
Rene Benko and the Future of the Signa Group: Silence Before the Storm?
The Austrian Signa Group once celebrated as a shining star in the real estate sky and a powerful player in the retail sector, is currently facing uncertain times and financial turbulence. Company founder Rene Benko, who has led the group from a non-operational position since 2013 and holds the majority of voting rights through his family foundations, is at the center of a heated debate about the group's future.
November 6, 2023
Vienna Pioneer for Circular Economy: Climate Lab as a Spark for Climate Transformation
In the heart of Vienna, more precisely at the Climate Lab in Vienna Spittelau, an innovative movement has emerged that has the potential to fundamentally change the way Austria's economy deals with its resources. Climate Protection Minister Leonore Gewessler and the top representatives of Austria's largest companies came together to drive forward a sustainable transformation of Austria as a business location, with the Climate Lab playing a key role.
November 5, 2023
Austria Backs Microelectronics: Three billion Euros Investment and AT&S Lighthouse Project
The Austrian government has made a firm commitment to support the microelectronics industry with three billion euros of investment over the coming years. These bold investments will help to promote the research and development of semiconductor companies in Austria and strengthen the foundations for digitalization, green energy transition, and sustainable growth.
November 2, 2023
Ukraine Will Block Gas Transit: Challenges and Opportunities for OMV and Europe
Ukraine's decision to stop transiting Russian natural gas to the West from 2025 poses a significant challenge for OMV and for several European countries. The announcement, made by the head of Ukrainian energy company Naftogaz, Olexiy Chernyshov, raises several questions about energy security and dependence on Russian gas.
October 29, 2023
APG Invests Nine Billion Euros in Austria's Electricity Grid
Austrian Power Grid (APG) has unveiled an ambitious €9 billion investment program designed to lay the foundation for a supply-secure energy transition in Austria. The company, a subsidiary of Verbund AG, thus plays a central role in the transformation of the Austrian energy supply system.
October 24, 2023
Wien Energie Strengthens Independence By Reducing Russian Gas
With the start of the heating season in Vienna, ushered in by a sudden drop in temperatures after an unusually warm start to October, the essential issue of energy supply security is once again coming to the fore. In light of ongoing geopolitical tensions, Wien Energie, Austria's largest energy supplier, has taken proactive measures to secure heating supplies for the coming winter while reducing dependence on Russian natural gas.
October 22, 2023
Explore a World of Opportunities at Diplomatische Akademie Wien's Open House 2023
The Diplomatic Academy of Vienna – Vienna School of International Studies invites aspiring graduate students from Austria and around the world to discover a world of academic and career possibilities at its Open House event on Wednesday, November 15, 2023.
October 19, 2023
Austria's Growing Potential: MCF Energy's Welchau Gas Prospect
Austria could be on the verge of a breakthrough in its quest for energy security with the announcement of further developments regarding the Welchau gas prospect. MCF Energy Ltd. has confirmed plans to commence drilling at the Welchau site in Austria during Q4 2023.
October 18, 2023 · Updated: October 18, 2023; 20:00
Italy Takes Austria to the European Court of Justice over Transit Measures
The ongoing controversy over transit measures on the Brenner route reached a new level of escalation when the Italian government decided to take Austria to the European Court of Justice (ECJ).
October 16, 2023
How is the Salary Landscape in Austria: A Clue by the Stepstone Salary Report 2023?
Salary discussions are often taboo, yet they play a central role in the world of work and significantly influence the decisions of both employees and companies. The Stepstone Salary Report 2023 emerges as a crucial resource to shed light on salary structures and dynamics in Austria.
October 12, 2023
German Car-Sharing Company Under Suspicion in Vienna for Million Euro Fraud
In a sensational move, police authorities in Germany and Austria have launched extensive investigations into a German car-sharing company, overshadowed by a blatant suspicion of multimillion-dollar parking fee fraud. The investigations are targeting the company's directors and involve alleged offenses such as gang crime, fraud, and document forgery.
October 11, 2023
Louise Bourgeois: Unwavering Resistance at the Belvedere
At the Belvedere Museum, the exhibition is dedicated to the renowned artist Louise Bourgeois and was opened with a festive vernissage. Present were the French ambassador Gilles Pécout, the general director of the Belvedere Stella Rollig, and the curators Sabine Fellner and Johanna Hofer.
October 8, 2023
Austria Wants to Be One of the Most Sustainable Destinations in the World
The extent to which the issue of climate change now affects all areas of our lives was also evident at this year's Expo Real in Munich.
Birgit Adelsberger · October 8, 2023
Austrian Group Shows at Expo Real 2023 how Sustainable Real Estate Works
Sustainability was a big topic at this year's Expo Real in Munich. Many of the conferences, which again featured high-caliber participants, addressed the topic of ESG (Environmental Social Governance) in connection with the various aspects of the real estate industry.
Birgit Adelsberger · October 8, 2023
Construction Stop of "High Speed 2" in Northern England: Austrian Companies Affected
The surprising halt to the construction of part of the major British project, the "High Speed 2" (HS2) high-speed rail line, is causing discussion among the companies involved. Austrian companies in particular, which are involved in the rail project worth billions, could be affected.
October 5, 2023
Nobel Prize in Physics 2023: Ferenc Krausz - From Vienna to Global Fame
The 2023 Nobel Prize in Physics has been awarded to Hungarian-Austrian physicist Ferenc Krausz, in recognition of his outstanding contributions to particle research and attosecond physics. The Nobel Committee made the announcement recently in Stockholm. Krausz shares the prestigious prize with his colleague Anne L'Huillier and his colleague Pierre Agostini.
October 4, 2023
OMV and Wood Sign Agreement to License Plastic Recycling Technology
In a move to promote the circular economy and reduce plastic waste, Vienna-based OMV and UK-based Wood have signed an exclusive cooperation agreement to commercially license OMV's ReOil technology. This agreement was reached at ADIPEC, the world's largest energy conference in Abu Dhabi, and is designed to drive progress in chemical plastic recycling.
October 3, 2023
Norway as a New Key Partner for Austria in Energy and Climate Protection
During a working visit to Norway, Chancellor Karl Nehammer emphasized Norway's key role in the fields of environment, energy technology, and climate protection. In a conversation with Norwegian Prime Minister Jonas Gahr Støre, Nehammer emphasized that Norway is not only an important partner but also a pioneer in environmental and energy technology.
October 3, 2023
Austria Strengthens its Economic and Diplomatic Relations with Africa
Austria has increased its focus on its economic and diplomatic relations with Africa. The country's trade with sub-Saharan Africa amounted to 2.28 billion euros in 2022, or about 0.56 percent of Austria's total trade volume. Austrian exports to the region increased by 15.7 percent year-on-year to 1.33 billion euros. South Africa, Mali, and Nigeria were the main export markets. Read more about why Africa is important for Austria!
September 28, 2023
Vienna Wins the "EU Organic Award": "Wiener Gusto" Named Best Organic Brand
The city of Vienna once again has a reason to celebrate. At this year's European Union Organic Awards, the city's food brand "Wiener Gusto" was named "Best Organic City". This important "EU Organic Award" was presented by the European Commission in a festive ceremony in Brussels. As a representative of the City of Vienna, Climate City Councillor Jürgen Czernohorszky proudly accepted the award.
September 26, 2023
New Start for the Repair Bonus: Safer, but with Longer Waiting Times
After an abrupt halt in the summer due to fraud, the repair bonus is now returning. In a revised version aimed at preventing fraud, customers can now apply for the bonus again. However, the security measures are associated with longer waiting times.
September 24, 2023
Japanese Takeda Lays Foundation Stone for "Laboratory of the Future" in Vienna's Urban Lakeside Aspern
In a symbolic act, the foundation stone was laid for Takeda's "Laboratory of the Future" in Vienna's Seestadt Aspern. With an investment of around 120 million euros, the Japanese pharmaceutical giant represents the company's largest investment to date in Austria in a technically and ecologically optimized new building for biopharmaceutical research and development.
September 22, 2023
Austria's Air Future: Embraer's C-390 Set to Replace the Stalwart C-130
In a landmark decision, Defense Minister Klaudia Tanner, flanked by National Armaments Director Major General Harald Vodosek, announced the intended replacement for the Austrian Armed Forces' reliable yet aging C-130 "Hercules": the Embraer C-390.
September 20, 2023
OMV to Supply Air France-KLM 2,000 Tons of Sustainable Jet Fuel
OMV, a Vienna-based integrated company specializing in energy, fuels, and commodities, has taken a decisive step towards promoting more sustainable aviation practices. It has signed an off-take agreement to supply 2,000 tons of sustainable aviation fuel (SAF) to Air France-KLM Group for 2023.
September 18, 2023
Buying Real Estate in Austria - Things You Should Consider First
Not only in the capital Vienna, which is almost regularly awarded for its high quality of life, in many regions of Austria nature, culture and safety are felt everywhere in daily life and allow a certain lifestyle. That's why expats often choose to establish residence in Austria, even after their professional activities here have ended.
Birgit Adelsberger · September 15, 2023
Discrimination on the Housing Market: A Growing Problem in Austria
A recent SORA study conducted on behalf of the Ombud for Equal Treatment highlights a serious problem in Austria's real estate market: racism and discrimination. People with foreign-sounding names or accents have significantly fewer chances of being invited to view an apartment compared to people with typical Austrian names.
September 14, 2023
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