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Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Space Diplomacy: Moldova Deploys First Satellite from International Space Station
The Republic of Moldova successfully deployed its first satellite, TUMnanoSAT, from the International Space Station (ISS). Under the KiboCUBE program, the United Nations Office for Outer Space Affairs (UNOOSA) and the Japan Aerospace Exploration Agency (JAXA) contributed to this achievement.
August 15, 2022
Weekly Briefing: New Developments in Diplomacy
The Find out more about this week's developments. Austria's embassy in Baghdad will reopen after being vacant since 1991. The Director General of the International Atomic Energy Agency, Rafael Mariano Grossi, will brief the United Nations Security Council about the nuclear safety situation at Ukraine’s Zaporizhzya Nuclear Power Plant. Read about the latest developments in diplomacy in Vienna and Austria.
August 11, 2022
Integration of Ukrainian Children into the Austrian Education System
The Austrian Minister of Education, Martin Polaschek, presented a comprehensive package of measures designed to provide a solid foundation for the integration of young Ukrainians into Austria's schools and universities.
August 11, 2022
New Dilemmas Around Zaporizhzya Nuclear Power Plant in Ukraine
The nuclear safety and security situation at Ukraine’s Zaporizhzya Nuclear Power Plant is getting more complicated since the shelling of the facility. The Director General of the International Atomic Energy Agency, Rafael Mariano Grossi, will brief the United Nations Security Council about the nuclear safety situation at Ukraine’s Zaporizhzya Nuclear Power Plant.
August 10, 2022
What Happened to the Russian Sberbank in Vienna after the Invasion of Ukraine?
The Russian bank Sberbank is one of the largest in Europe and has been hit hard by the European Union sanctions triggered by the Russian invasion of Ukraine. To find out what happened to its Vienna branch and whether it can continue to do business in Austria, read on.
August 10, 2022
Worldwide Awards for Austria's Wines
In international trade magazines and at renowned wine competitions, Austrian wines generated enthusiastic voices and won top ratings, gold medals and coveted trophies.
August 9, 2022
The Importance of Migrant Businesses for Vienna's Economy
It is common to see migrants run and maintain many businesses in Vienna. They offer a variety of different products and services, but they all share one thing: they make a significant contribution to the Viennese economy. In a new study, migrant businesses were examined and their impact on Austria's capital was clearly demonstrated.
August 8, 2022
Virtual Economic Forum between Tunisia and Austria
A Virtual Economic Forum titled "Tunisia & Austria - Promoting Business & Investment Cooperation", was held online by the Tunisian Embassy in Vienna and the Austro-Arab Chamber of Commerce (AACC) in collaboration with the Tunisian Foreign Investment Promotion Agency (FIPA Tunisia).
August 7, 2022
Weekly Briefing: Vienna Iran Nuclear Talks Back on Track
The Find out more about this week's developments. Negotiations with Iran to save the nuclear agreement have resumed in Vienna. The Ukrainian ambassador, Vasyl Khymynets, recently criticized the Austrian police. Read about the latest developments in diplomacy in Vienna and Austria.
August 4, 2022
How the USA Assesses the Austrian Economy
Every year, the United States government publishes a report that informs US companies and investors about the business climate in more than 160 countries and economies, including Austria. In this US State Department report, business officials at embassies and missions around the world prepare and analyse a variety of economies that are or could be markets for US companies of all sizes. Read on if you want to know how the US views the Austrian economy!
August 4, 2022
Despite the Ukraine War: Raiffeisenbank International Doubles Group Result
In the first half of 2022, Raiffeisen Bank International (RBI), which is heavily active in Eastern Europe, achieved a significant profit despite the Ukrainian conflict. Its Bulgarian subsidiary was sold in June, which was a major contributing factor.
August 2, 2022
Iran Nuclear Talks: Iran Can Build Nuclear Bomb, But Does Not Intend to Do So
Iran says it is technically capable of producing a nuclear bomb. But the country does not intend to do so, the semi-official Fars news agency quoted the head of Iran's Atomic Energy Agency, Mohammed Eslami.
August 1, 2022
Weekly Briefing: Rising Migration in Austria
The Find out more about this week's developments. For Austria, new questions arise about the migration and integration of refugees. The coronavirus quarantine ends in August. Read about the latest developments in diplomacy in Vienna and Austria.
July 28, 2022
Earth Overshoot Day: World has Already Used Up Resources
The Earth's natural resources for this year will have been depleted by tomorrow. By tomorrow, ecosystems would need about a year to replenish their resources. According to the Global Footprint Network, which is based in the United States and Switzerland, Earth Overshoot Day is slightly earlier this year than last.
July 27, 2022
European Forum Alpbach Will be Opened by Moldovan President Maia Sandu
The Moldovan President, Maia Sandu, will attend the opening of this year's European Forum Alpbach (EFA) together with Federal President Alexander Van der Bellen on August 22. At the start of the event, they will jointly address the EFA's annual theme, The New Europe, and discuss what consequences, in light of Russia's Invasion of Ukraine, Europe must draw from its current weakness and its inaction in the past.
July 27, 2022
Wirecard Scandal: New Indications for Marsalek's Stay in Moscow
Former Wirecard board member Jan Marsalek, who has been in hiding for two years, could be living in Moscow under the protection of Russian intelligence services.
July 26, 2022
End of Mandatory Quarantine in Austria
The coronavirus quarantine ends in August. This was confirmed by Health Minister Johannes Rauch. Accordingly, anyone who does not feel ill can leave the house even after a positive CoV test but is subject to traffic restrictions.
July 26, 2022
Austria Will Take Common Line with Germany on Gas Storage
Germany and Austria have joint responsibility for storing gas, according to Energy Minister Leonore Gewessler (Greens). "We have always coordinated well with Germany," the minister said today, referring to the Haidach storage facility near Salzburg, which is also important for Germany.
July 25, 2022
Weekly Briefing: Austria Strengthens Diplomacy Towards Eastern Europe
The Find out more about this week's developments. The Austrian Foreign Minister visited Ukraine together with Czech Foreign Minister Jan Lipavský. Vienna strengthens bilateral relations with neighboring countries in Eastern Europe. Read more about this week's developments in diplomacy in Vienna and the World.
July 21, 2022
Austria has the Highest Share of Female Startups in the EU
The Federal Ministry of Labor and Economy (BMAW) had surveyed the financing situation of female startups for Austria and Europe and discussed it at a startup breakfast together with representatives of the startup community at the BMAW. At 36 percent, Austria currently has the highest proportion of female startups in the EU.
July 20, 2022
How the War in Ukraine Affects Austrian Businesses
Besides causing enormous humanitarian and political problems, the Russian invasion has also caused a chain reaction in the economy that has been felt worldwide. Austrian Institute of Economic Research (WIFO) published a survey that examines exactly these questions in order to determine how strongly Austrian companies feel the crisis impacts them and which sectors are most affected.
July 19, 2022
Weekly Briefing: Newest Developments in Diplomacy and Vienna
Read about the latest developments in diplomacy in Vienna and Austria. The Georgian Prime Minister visited Austria and Vienna enables Ukrainian displaced persons to graduate from Ukrainian high school. In addition, Austria's Chancellor visited Israel and concluded an important agreement there. Furthermore, expats in Austria appreciate the high quality of life, but do not feel welcome. Read more about this week's developments.
July 14, 2022
"Award for Innovation in Africa" Awarded for the First Time in Austria
The "Kofi Annan Award for Innovation in Africa" was awarded for the first time this week to African start-ups, all of which were dedicated to the topic of digital health. The three winners come from Kenya, Nigeria and Zimbabwe and can look forward to prize money of 250,000 euros each. Read on to find out what goals the respective projects have set themselves.
July 12, 2022
Austrian National Bank Expects Highest Inflation Rate in 50 Years
In a recent analysis, the Austrian National Bank expects inflation in Austria to settle at 7.6% in 2022. This particularly high value represents the highest inflation since the crude oil crisis in the 1970s. Inflation is also expected to remain above the target of 1.9% in the coming years.
July 11, 2022
Reform of the Red-White-Red Card Passed by Parliament
In order to eliminate the shortage of suitable workers, the Austrian parliament recently decided to change the criteria for the Red-White-Red Card. In future, it should be easier to obtain this card. Austria's economy is relieved. If you want to know the exact changes, read on!
July 11, 2022
Vienna Economic Council - How Vienna Deals With Current Economic Challenges
The Vienna Economic Council met this week to deal with the effects of the conflict in Ukraine. The aim was to make Vienna attractive as a business location and to manage emerging economic crises in the best possible way. Read on if you want to learn more!
July 7, 2022
Why Germany and Austria Are More Dependent on China for Strategic Raw Materials than on Russian Gas
China has established global dominance over many of the strategic raw materials needed to be competitive in the economy of the future. Read how Austria, Germany, and others have arguably become more dependent on these materials from China than on Russian gas.
July 5, 2022
WorldSkills - "World Apprentice Championships" to be Held in Austria
The 46th WorldSkills was scheduled to be held in Shanghai, China, from October 12-17, but had to be canceled due to the month-long covid-related lockdown. WorldSkills 2022 SpecialEdition is now spread over 15 host countries, including Austria, and will be held in Salzburg.
July 3, 2022
Weekly Briefing: Diplomacy and State Visits in Vienna
Read about the newest developments in Diplomacy in Vienna and Austria. The Dutch Royal Couple visited Austria and International Organizations in Vienna released important publications. The consequences of the Russo-Ukrainian War are making themselves felt in security issues and are changing people's lives in Vienna as well. Further, the newest developments in the Iran Nuclear talks raise hopes. The Find out more about this week's developments.
June 30, 2022
Why Austria's Economic Recovery is Losing Momentum
According to the Austrian Institute of Economic Research (WIFO), the global economic slowdown, which mainly affects industry, has dampened Austria's economic outlook. This downturn is only dampened by tourism, which has recovered better than expected since the Covid-19 pandemic.
June 30, 2022
New EU Roaming Rules: What you Need to Know When Making Calls Abroad
From 1 July, new roaming regulations will come into force in the EU. These are designed to make it easier for EU citizens to use mobile data and make calls from abroad to home. Launched in 2017, the project is now being extended for another 10 years and is expected to bring significant benefits for businesses and EU citizens.
June 30, 2022
Reform of the Red-White-Red Card: Facilitation for Foreign Workers
In order to cope with the acute shortage of skilled workers in Austria, access to the Austrian labour market is to be facilitated for foreign workers in the future. The application procedure is to be made easier and the criteria for obtaining the Red-White-Red Card are to be reduced.
June 29, 2022
Moody's Declares Russia in Default
The U.S. company Moody’s announced in New York that it was concerned with interest payments on two government bonds that had not been received by creditors even after a default period of 30 days had expired.
June 28, 2022
Weekly Briefing: Newest Developments in Diplomacy and Vienna
Read about the newest developments in Diplomacy in Vienna and Austria. Further, Austria is strengthening its efforts in aiding Ukraine, international politics and local grievances. Russian Foreign Minister Lavrov visited Iran. The Find out more about this week's developments.
June 23, 2022
Three Seas Initiative in Riga for Common Ground against Russia
The Three Seas Initiative met in Riga. Austria and eleven other Central Eastern European countries accepted Ukraine as a member of the Three Seas Initiative at the Presidential Summit in Riga. Austrian President Van der Bellen traveled to Riga and appealed for unity against Russia.
June 20, 2022
Austria Goes Back to Coal Power
The Mellach heating power plant in Styria, which is currently shut down, is to be converted so that electricity and heat can be generated there again from coal in an emergency. This was confirmed by Austria's Chancellor Nehammer.
June 20, 2022
UNIDO Strengthens Cooperation Between Italy, UN Agencies and Private Sector
United Nations Industrial Development Organization Chief Gerd Müller traveled to Italy. The aim of the trip was to intensify the cooperation with Italy. Müller met Italian diplomats, representatives of the business community and the United Nations in Rome and signed an agreement with the Italian energy company Eni.
June 19, 2022
Weekly Briefing: Diplomacy and Newest Developments in Vienna and Austria
Read about the newest developments in Diplomacy in Vienna and Austria. Further, Austria is strengthening its efforts to fight global and local grievances. Austrian Foreign Minister Schallenberg visited Serbia and Kosovo. The Find out more about this week's developments.
June 19, 2022
Cooperation Program Between Indonesia and Austria Receives International Award
A project realised in the course of an international cooperation programme between Indonesia and Austria recently received the coveted Constantinus Award 2022 in the category "International Projects". The cooperation between the Austrian company Bit Media and the state of Indonesia involved the development of a maritime vocational training centre at the Vocational and Productivity Training Centre (BBPVP) Medan in Indonesia.
June 16, 2022
Vienna Airport Pleased with Rising Passenger Numbers
Vienna Airport can be pleased with a significant increase in visitor numbers in May. Despite continuing lower passenger numbers than in the same month before the outbreak of the Covid-19 pandemic, five times more people flew through Vienna Airport than in May 2019. Read on if you want to learn more about Vienna Schwechat Airport!
June 15, 2022
Vienna Stock Exchange Prize 2022 Back on Stage Again
This year, for the first time, the Vienna Stock Exchange Award went to the Styrian printed circuit board manufacturer AT&S. Second and third place went to the oil and gas group OMV and the building materials manufacturer Wienerberger. The prize was awarded for the 15th time.
June 15, 2022
Weekly Briefing: Austrian Efforts in International Politics, IAEA Concerns and Russian War in Ukraine
Austria is strengthening its efforts in foreign policy and international cooperation. The IAEA is expressing its concerns about nuclear security in Iran and Ukraine. The Russian war in Ukraine is causing serious questions about human rights and European security. The Find out more about this week's developments.
June 11, 2022
Austrian Chancellor Strengthening Partnership with Estonia
Austrian Federal Chancellor Karl Nehammer met the Estonian Prime Minister Kaja Kallas in Tallinn for working talks. The meeting focused on bilateral relations, digitization, the war in Ukraine and the energy transition of the European Union.
June 10, 2022
IAEA Prepares Visit to Zaporizhzya Nuclear Power Plant Despite Russian Occupation and Opposition from Kyiv
The International Atomic Energy Agency prepares a visit to the Zaporizhzhya nuclear power plant in the Russian-occupied zone of Ukraine. While this in itself is a difficult undertaking because of the Russian occupation forces, Kyiv's defensiveness added to this, complicating the IAEA's efforts to assess and ensure the nuclear safety of Europe's largest nuclear power plant.
June 9, 2022
Austria Supports Women From Ukraine With Their Integration Into Austrian Working Life
The 100 Women - 100 Opportunities program supports Ukrainian women with their integration into the Austrian labor market. This New COMPASS Support Program was initiated by Austrian Federal Minister for Women, Family, Youth and Integration Susanne Raab, the Austrian Integration Fund, LEA and private businesses.
June 7, 2022
New Photography Museum Will Open in Vienna
A new photography museum will open in Vienna's Arsenal in fall 2024. This museum will be a showcase and discussion space under the name Foto Arsenal Wien. In order to adapt the building, the city is investing two million euros. Read more about Vienna's newest addition to the city's bustling cultural scene.
June 1, 2022
The Austrian Development Bank's Efforts in Climate Protection and Energy Supply
The Austrian Development Bank recently published its latest Impact Report, disclosing the development effects achieved through its investments. The published report shows that the projects supported by OeEB saved more than 1.19 million tons of CO2 emissions and gave more than 297,000 micro, small and medium-sized enterprises access to one or more loans.
May 31, 2022
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
The accession of the Western Balkans countries into the European Union continues to be a topic of debate amongst the EU Member States. Read how China's global infrastructure strategy may be undermining these countries' aspirations for EU membership.
May 19, 2022
Space Diplomacy: Switzerland and ESA Establish Space Deep-Tech Innovation Centre
Switzerland and the European Space Agency signed a Memorandum of Cooperation, establishing the center for European Space Deep-Tech Innovation at the Paul Scherrer Institute in Villigen, Switzerland.
May 18, 2022
War in Ukraine Continues to Dominate Austria's Economic Outlook
In a recently published report, the Austrian Institute of Economic Research (WIFO) gives an insight into Austria's economic situation and forecasts the development of the economy over the next few years. The Omikron wave and the war in Ukraine will continue to slow down Austria's economic growth in the next few years and no relief is expected for the time being. Nevertheless, there is also good news concerning the labour market.
May 12, 2022
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