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Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Ukraine Crisis: Potential Impact of Russian Invasion on Ukrainian, Russian and EU Economies
The solution of the Russian aggression and violation of rights towards Ukraine, is of central importance for the world we want to live in. The Vienna Institute for International Economic Studies (WIIW) conducted a study on the potential economic impacts of a Russian invasion of Ukraine. Read their prediction for how an invasion would affect the economies of the EU, Russia, and Ukraine.
February 8, 2022 · Updated: February 11, 2022; 08:35
TTTech Auto Becomes USD-Unicorn in Automotive Technology
By raising an additional EUR 250 million from Aptiv and EUR 50 million from Audi in its latest funding round, TTTech Auto will be enabled to expand its product portfolio for automotive manufacturers and technology partners, to expand internationally in key regions and to extend its capabilities through strategic M&A and product investments.
February 10, 2022
Marina Tower: Completion of the Highest Residential Tower in Vienna
The highest residential tower in Vienna with 140 meters and 41 floors is successfully completed in these days.
February 10, 2022
Combating Violence Against Women: New Silent Emergency Call App Available From March
The Austrian government has introduced a new app to help counter the alarming trend of increased domestic violence against women. Read about the new app and other steps the government is taking to prevent violence against women.
February 10, 2022
Huawei's 5G Network Technology in Austria: Systemic Rival at the Gate to Europe
While all eyes in Europe are focused on the Russia-Ukraine side conflict, the true war is raging elsewhere, namely in network technology between China and the West. This technology war is about nothing less than the global security-technological leadership role of the next decades, and thus about the decisive question of whether the Western democratic world order can assert itself or whether the Chinese authoritarian system with totalitarian surveillance will prevail. Due to its relative weakness, Austria plays an important and central key role in this process. While most Western countries are increasingly and decidedly resisting the deployment of the 5G network infrastructure largely supplied by Huawei and ZTE - which are intricately owned and substantially controlled by the Chinese Communist Party - there are quite a few telecom providers in Austria who are using and even expanding this technology, primarily because their economic survival is already dependent on this technology, and secondly because the Austrian state is largely toothless and ignorant in the face of the push by the Chinese equipment suppliers and their lobbyists.
February 9, 2022 · Updated: February 9, 2022; 21:56
Vienna is Becoming the Start-up Capital of Austria
Vienna's start-ups generated an added value of 3.9 billion euros in 2021, making it the most popular place in Austria for start-ups. Read more about the start-up environment in Vienna and what it has done for the Austrian economy.
February 9, 2022
New World Museum Vienna Exhibition: "Re:Present - Unlearning Racism"
The World Museum Vienna is displaying a new exhibition entitled "Re:Present - Unlearning Racism" during Black History Month. Read about the new exhibition and view some sample pieces from the exhibit.
February 9, 2022
Putin's Propaganda TV-Channel Tries to Expand to Austria
An attempt to supply an Austrian target group with German-language propaganda from Berlin will apparently fall victim to the media war between the two state broadcasters Russia Today (RT) in Berlin and Deutsche Welle (DW) in Moscow.
February 9, 2022
Economics Minister Schramböck Calls EU Chips Act "An opportunity for Europe"
The European Commission has unveiled its draft for the European Chips Act. Read about the Chips Act and why Economics Minister Schramböck called it "an opportunity for Europe."
February 8, 2022
EXPO 2020 Dubai: Extraordinary Austria Pavilion Wins Multiple Awards
The Austria Pavilion at EXPO 2020 Dubai has now won yet another award. Read about the multiple awards the pavilion has won and why it is receiving so much recognition.
February 8, 2022
IAEA to Assess Safety of Japan Dumping Fukushima's Radioactive Cooling Water into Sea
A team of experts from the International Atomic Energy Agency (IAEA) will go to Japan to conduct a review of the safety of the Japanese government's decision to dump radioactive cooling water from the Fukushima Daiichi Nuclear Power Station into the ocean. Read about the review and who opposes Japan's decision.
February 7, 2022
Lunar New Year 2022: Austria's Chinese Community Welcomes the Year of the Tiger
People around the world recently celebrated the ushering in of the Year of the Tiger. Read more about the Lunar New Year, one of the most important Chinese holidays.
February 3, 2022
Austria Promises Legal Action After EU Commission's Nuclear Energy Decision
Austria has vowed to take legal action against the European Commission after it decided to include nuclear energy and natural gas as sustainable investments under the EU Taxonomy Regulation. Read what the Austrian president, chancellor, and climate minister said about this decision.
February 3, 2022
French Ambassador to Austria: Positions on Migration, EU-Balkan Enlargement and Nuclear Energy Incompatible
Ambassador Gilles Pécout presented France's Presidency program to the EU Committee of the Austrian Federal Council (Bundesrat). Pécout also mentioned challenges of the French Council Presidency, especially in points where Austria has a different position. The tensions between France and Austria regarding the different positions on nuclear energy, migration and EU enlargement are respected but currently remain unresolved.
February 3, 2022
Ai Weiwei at the Albertina Modern: "In Search of Humanity"
A new exhibition at the Albertina Modern entitled "In Search of Humanity" will display works by renowned Chinese artist and activist Ai Weiwei. Learn more about the new exhibition and see some of the pieces that will be on display.
February 2, 2022
Armenia and Austria Strengthen Bilateral Ties
Foreign Minister Schallenberg is visiting Armenia in an attempt to strengthen bilateral ties. Read about Austrian-Armenian relations and Schallenberg's trip, which includes meetings with Armenian Prime Minister Nikol Pashinyan and Foreign Minister Ararat Mirzoyan.
February 2, 2022
Opec and Non-OPEC Members Agree Further Gradual Increase in Oil Production
At the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), the oil-producing countries decided upon a gradual increase in oil production for March. Read about this and the other decisions made at the meeting.
February 2, 2022
Economic Outlook for Austria until 2024
Strong economic rebound amid high uncertainty about impact of Covid-Omicron variant. Find out what the economic future holds for Austria until 2024.
February 2, 2022
Official State Visit of the King and Queen of Spain to Austria
King Felipe VI and Queen Letizia of Spain were in Austria on an official state visit. The royal couple was received by President Van der Bellen at the Hofburg in Vienna. Read about their visit and the opening of the new Salvador Dali exhibition at Belvedere.
February 1, 2022
Tourism in Austria: Number of Overnight Stays at the Level of 1970
Corona-related business closures and international travel restrictions continued to hit tourism in Austria hard in 2021. The number of arrivals by foreign guests fell by a further 15.6% in 2021 compared with the first pandemic year of 2020. Germans stayed 16.6% less, Dutch 41.4%, and Swiss and Liechtensteiners 36.6% less.
February 1, 2022
Austrian Airlines Relaunches Non-stop Flights to Los Angeles in Summer 2022
Starting in mid-May, Austrian Airlines will once again offer a direct flight between Vienna and Los Angeles to the U.S. West Coast. From 20 May, Austrian Airlines will fly five times a week to L.A.
January 31, 2022
"National Carrier" in German Ownership is Proud to Fly the Austrian Olympic Team to Beijing
The "Austrian Airlines" aircraft with flight number OS63, chartered by the Austrian Olympic Team, took off from Vienna Airport to bring athletes including comprehensive equipment non-stop to Beijing.
January 28, 2022
Inflation in Austria: Government Approves Relief Package to Deal with Rising Energy Prices
Chancellor Nehammer and Vice-Chancellor Kogler held a summit with energy suppliers and assembled a relief package to help combat inflation. Learn what's in the relief package and who will benefit from it.
January 28, 2022
Expo 2020 Dubai: Austria's Youth Showcase Their Innovation
The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.
January 27, 2022
Corruption Index International: Austria Loses Points for the Second Time in a Row
According to Transparency International's global corruption index, Austria has become even more corrupt and now finds itself in 13th place. The U.S. is in 67th place, and South Sudan ranks last, at 180th.
January 26, 2022
Covid in Austria: Lockdown for the Unvaccinated Ends Monday
As COVID-19 infections reached a new high in Austria due to Omicron, Chancellor Nehammer and Health Minister Mückstein announced an end to the lockdown for the unvaccinated. Read why they decided to end the lockdown and which measures still apply.
January 26, 2022
Brussels: Schallenberg Attends Ukraine Crisis Meeting of EU Foreign Ministers
Foreign Minister Schallenberg attended a meeting of the EU Foreign Affairs Council in Brussels. The meeting, which U.S. Secretary of State Antony Blinken also attended virtually, focused on the ongoing crisis between Russia and Ukraine. Read about the meeting and watch an interview with Foreign Minister Schallenberg.
January 26, 2022
Forward-looking Agreement for Strengthening Vienna as a Business Location
A joint program of the City of Vienna and the Vienna Chamber of Commerce (WKW) is intended to strengthen and further develop the business location, but also to secure prosperity and quality of life for the city. The ten priority areas include strengthening the location, supporting SMEs and start-ups, climate protection, infrastructure, skilled workers and tourism.
January 25, 2022
Austria First EU Country to Implement Mandatory Corona Vaccination
Austria has become the first EU country to implement mandatory vaccination against COVID-19 for all adults. Read about the new law, as well as the new incentives the Austrian government is offering for vaccination.
January 21, 2022
Vienna Airport Hub: Ryanair to Take Further Market Share from Competitor Austrian Airlines
Ryanair continues to cut into the market share of Austrian Airlines at Vienna International Airport. Read about the growth of this discount airline and how it is competing with Austrian Airlines in its home country.
January 20, 2022
Kazakh Foreign Minister in Vienna Promises Investigation into the Unrest
Foreign Minister of Kazakhstan Muchtar Tileuberdi met with Foreign Minister Schallenberg in Vienna, and the pair discussed the recent protests and violence in Kazakhstan. Read more about their discussion, and watch their joint press conference.
January 20, 2022
Vienna - Perhaps the Best Place to Go in 2022
Vienna was ranked one of the top travel destinations for 2022 by multiple international media outlets. Read more about this positive development for Vienna's tourism industry.
January 19, 2022
Meet Andrei Plotnikov, Head of the Trade Representation of Russia in Austria
Dr. Andrei Plotnikov, who was born in 1959 in Donetsk in the former Ukrainian Soviet Socialist Republic, currently the embattled eastern part of Ukraine, has been the Head of the Trade Representation of Russia in the Republic of Austria since 2021.
January 18, 2022
Covid in Austria: Presentation of the Bill on Compulsory Vaccination Starting February 1, 2022
At a press conference at the Federal Chancellery, the federal government presented the draft law for compulsory vaccination in Austria, which will take effect on February 1. "It is not about the fight of vaccinated against unvaccinated!"
January 17, 2022
Demand for Luxury Real Estate in Austria Increased by 12 Percent Due to the Corona Situation
Luxury real estate demand increased by 12 percent in Austria in 2021, according to the Engel & Völkers Group. Read more about the luxury real estate trends in Austria and around the world.
January 17, 2022
FDI in Austria: German Chocolate Group a "Success Story" Just One Year After Mars Takeover
Foreign direct investment is on a downward trend in Austria relative to GDP. It is therefore all the more gratifying that the Baden-Württemberg family-owned company Alfred Ritter is ranked as one of the "success stories" in the ABA ranking barely one year after the Mars takeover and start of production in Breitenbrunn, Burgenland.
January 14, 2022
Covid in Austria: Up to 32,000 New Cases Forecasted per Day
Experts are forecasting a stark increase in the number of COVID-19 infections in Austria in the coming weeks. Read more about the current COVID-19 situation in Austria.
January 12, 2022
Gernot Blümel Now Working for Superfund Co-Founder Christian Baha
Former Austrian finance minister to become CEO of Superfund from March 2022 and is expected to push the asset manager's expansion.
January 12, 2022
OPEC: Kuwaiti Al-Ghais Succeeds Nigerian Barkindo as Secretary General
Mr. Haitham Al-Ghais of Kuwait was recently appointed as the next Secretary General of the Organization of the Petroleum Exporting Countries (OPEC). Read more about Mr. Al-Ghais, as well as the accomplishments of his predecessor Mohammad Sanusi Barkindo.
January 10, 2022
Omicron Has Led to Quasi-Ban on Entry of Britons, Norwegians, Danes and Dutch into Austria
Due to the rapid spread of the Omicron variant of COVID-19 throughout Austria, entry rules to Austria have been tightened. With Great Britain, Norway, Denmark and the Netherlands, four important countries of origin of tourists have been declared virus variant areas. Read about the restrictions.
December 21, 2021 · Updated: December 23, 2021; 19:35
Vienna Tourism: November Overnight Stays Plus 494% - "Only Arithmetically"
Despite a lockdown for part of the month, Vienna saw a stark increase in the number of overnight stays in November 2021 compared to November 2020. Read how this compares to the pre-pandemic levels of 2019 and how accommodation providers in Vienna have fared so far this year.
December 23, 2021
Covid in Austria: The Situation Among Refugees and People With Migrant Backgrounds
As the World Health Organization is reporting vaccine inequity for migrants in national vaccine rollouts around the world, Austria is attempting to vaccinate its migrant population by offering vaccinations at the integration centers throughout the country. Read about how this is going.
December 22, 2021
Austrian Airlines Finally Has a Female Chief Executive
Annette Mann has been chosen to be the next CEO of Austrian Airlines, succeeding Alexis von Hoensbroech. Ms. Mann will become the first female CEO of Austrian Airlines. Read more about her selection and her predecessor's departure.
December 20, 2021
OECD: "Austria Is Set to Overcome the COVID-19 Shock and Its Economic Scars"
The Organisation for Economic Co-operation and Development (OECD) has released its latest Economic Survey of Austria. Read what the Survey says about the Austrian economy coming out of the latest wave of the COVID-19 pandemic.
December 20, 2021
Erste Group Acquires 100% of Commerzbank Hungary
Erste Bank Hungary Zrt. is acquiring Commerzbank’s Hungarian corporate banking subsidiary Commerzbank Zrt. Through this purchase, Erste is strengthening its position in the corporate banking business in Hungary.
December 20, 2021
Jewish Museum Vienna Opens "The Viennese Rothschilds. A Thriller"
The Jewish Museum Vienna has opened a new exhibition entitled "The Viennese Rothschilds. A thriller," which covers the history of the Rothschild family in Austria. Learn more about the new exhibit and see some pictures from inside.
December 17, 2021
"Golden Sunday" Returns: Austrian Non-Food Retailers Allowed to Remain Open on December 19
In an attempt to recoup some of the billions of euros retailers lost out on due to the lockdown in the middle of the holiday season, the Austrian government has announced that non-food retailers will be allowed to remain open on Sunday, December 19 for what is known as "Golden Sunday." Learn which stores the exception applies to and when you can do some last-minute Christmas shopping on Sunday.
December 17, 2021
Expats Rank Vienna Last in Terms of "Local Friendliness"
The results of the "Expat Insider 2021" survey are in, and Vienna earned the top spot in quality of life but took last place in terms of the friendliness of the people. Read why Vienna simultaneously ranked so high and so low.
December 16, 2021
Nehammer on First Trip to Brussels as Chancellor: "I'm an Ardent European"
Chancellor Nehammer made his first trip to Brussels for the European Council and the EU Eastern Partnership Summit. There he met with the other heads of state and government of the EU member states, as well as EU Commission President Ursula von der Leyen. Read what Nehammer discussed on the trip.
December 16, 2021
Portrait: Who Is Robert Malley, the Old and New U.S. Lead Negotiator of the Iran Nuclear Talks?
In 2021, Robert Malley was appointed U.S. Special Envoy for Iran, which means he is once again the lead negotiator for the U.S. in the Iran nuclear talks. Read about Mr. Malley's career and his efforts to limit Iran's nuclear activities.
December 15, 2021
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