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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 Integration Fund Language Portal: Innovative German Learning with over 5,000 Exercises
The newly launched ÖIF language portal presents itself as the largest learning platform in the German-speaking world. Over 25,000 people use the services of the Austrian Integration Fund (ÖIF) every day to improve their German language skills.
August 23, 2023
Timetable Chaos for Rail Travel in Europe: A Step Backwards
The idea of cross-border rail travel across Europe sounds tempting, but the reality is often different. Despite the expansion of night trains, the situation for rail travelers in 2023 has not improved as hoped.
August 22, 2023
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Mowing Sheep Enrich Flora and Fauna of Vienna's Danube Island
As part of a pioneering EU project, the Danube Island's new and gentle inhabitants have proven to be surprisingly efficient lawnmowers. Around 70 sheep find a temporary home on the Danube Island during the summer months. As natural lawnmowers, they help to revitalize the island's flora and fauna and promote biodiversity.
August 21, 2023
Vienna Stock Exchange: Focus on International Investors and Sustainability
The Vienna Stock Exchange continues its course of attracting international investors while promoting sustainable investment opportunities. A recently published study on the ownership structure of institutional free float in the ATX Prime, conducted every two years by S&P Global Market Intelligence (formerly IHS Markit) on behalf of the Vienna Stock Exchange, shows that international institutional investors continue to play a major role.
August 21, 2023
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Austria's Universities with Successful Placements in International University Rankings
The current "Shanghai Academic Ranking of World Universities" continues to show a dominance of U.S. universities, 15 of which occupy the top 20 positions in the ranking. The University of Vienna (Uni Wien) is Austria's best-ranked university and is within the top 150, maintaining its position compared to the previous year. In total, five Austrian universities made it into the top 500, compared to six in the previous year.
August 17, 2023
Europe's Largest Flower Show: 70 Years of Floral Art in Tulln
A tradition that began 70 years ago with a flower parade on Tulln's main square has developed into Europe's largest flower show: The International Horticultural Fair Tulln, which takes place from August 31 to September 4, celebrates the anniversary under the motto "The best of 70 years - the great anniversary flower show".
August 17, 2023
Austria's Consumer Protection Ministry Mandates Action Against Banks for Low Interest Rates
According to the Consumer Protection Ministry, the practice of Austrian banks of charging high-interest rates on overdrafts while granting no interest at all on credit balances is meeting with growing resentment among consumers.
August 16, 2023
Austrian Museum of Applied Arts Presents New Exhibition "Critical Consumption"
The fashion industry is characterized by constantly changing trends, rapid production under often precarious conditions, and the flood of new collections. At the same time, this leads to a massive waste of resources and a threat to ecosystems through textile waste. In light of these issues, the Austrian Museum of Applied Arts (MAK) exhibits "CRITICAL CONSUMPTION" (Aug. 30, 2023-Sept. 8, 2024) focuses on the fashion industry and its influence on consumer behavior, manufacturing processes, and sustainability efforts.
August 7, 2023
Renaturation of the Wien River: Green Vision of the Wien River Oasis
The Vienna Greens presented their plans for the renaturation of the Vienna River at a press conference. Non-executive City Councilor Peter Kraus and City Councilor Kilian Stark presented the "Green Vision of the Vienna River Oasis".
August 7, 2023
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Ukraine Secures Grain Export through Croatian Adriatic Ports
Ukraine has reached an agreement with Croatia to export grain through ports on the Adriatic Sea. The agricultural goods are to be shipped to Croatia via the Danube and from there they will be transported further to the Adriatic coast.
August 1, 2023
Palais Lobkowitz: An Architectural Jewel in the Heart of Vienna Invites you to Discover it
Just a few steps from the Hofburg Palace sits one of Vienna's oldest and most impressive Baroque palaces: the Palais Lobkowitz. Built between 1689 and 1694, the magnificent building has housed the Theater Museum since 1991 and has attracted art and culture enthusiasts worldwide.
July 27, 2023
The 43rd Saalfelden Jazz Festival Gathers International Jazz Lovers and Virtuosos
The small town of Saalfelden in Salzburger Land will once again be transformed into a vibrant meeting place for the international jazz scene from August 17 to 20, 2023. Music makers, players, connoisseurs, and lovers of improvised music from all over the world will flock to the 43rd Saalfelden Jazz Festival, which will feature musical highlights and exciting discoveries for four days. Six official stages in the town, as well as the "Mountain Tracks" in the great outdoors, offer a program that will delight every music lover.
July 25, 2023
"Wiener Gusto" in the Final for the EU Organic Awards 2023
Vienna is a proud finalist in this year's EU Organic Awards in the category "Best Organic City" thanks to its city-owned food brand "Wiener Gusto".
July 25, 2023
PÜSPÖK and UNESCO: Empowering Climate Action through Nature Conservation and Renewable Energy
The Austrian company PÜSPÖK, a rapidly growing company in the field of renewable energies, is actively committed to climate, environmental, and nature protection. By supporting the initiative "Klimapartnerschaft.at", PÜSPÖK is committed to the preservation and protection of the largest primeval forest remnant in the Alpine arc, the UNESCO World Natural Heritage "Wilderness Area Dürrenstein-Lassingtal", thus contributing to the protection of a rare ecosystem and unique biodiversity.
July 25, 2023
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Plants as Climate-Friendly Air Conditioning: City of Vienna Promotes Greening of Buildings
The positive effect of green buildings on the climate is undisputed. To promote the implementation of green buildings, the City of Vienna provides generous subsidies of up to € 20,200. Interested parties can obtain free advice on this subject from Eco Counselling (DIE UMWELTBERATUNG) in Vienna.
July 23, 2023
Controversy Surrounds Jan Marsalek's Letter in Wirecard Scandal Trial
In connection with the Wirecard scandal trial, a letter from Jan Marsalek, a former Wirecard board member, is causing controversy. Marsalek, who has been on the run for three years, contacted the Munich Regional Court in writing through his lawyer.
July 19, 2023
State Secretary Tursky Emphasizes Goal of European Chip Sovereignty at Austrian Company AT&S
During his visit to Leoben, Florian Tursky, the State Secretary for Digitization and Telecommunications at the Ministry of Finance, was given an insight into the new research and production center of the global high-tech group AT&S, which is currently being realized at the company's headquarters.
July 19, 2023
Austrian Government Aims to Increase Skilled Immigration and Address Labor Shortages
The Austrian government, led by Economy and Labor Minister Martin Kocher, plans to attract a minimum of 15,000 skilled workers from non-EU countries to Austria annually by 2027 through the Red White Red card (Rot-Weiß-Rot Karte) program.
July 18, 2023
Exploring Vienna's Sustainable Solutions: Unusual Excursion Tips by MA 48
Waste prevention and waste separation as well as a clean city are among the central goals and concerns of street cleaning in Vienna (MA 48). MA 48 invites all interested parties to visit its facilities free of charge.
July 18, 2023
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Austrian Museum Award for the Sigmund Freud Museum
The renowned Sigmund Freud Museum has been awarded the Austrian Museum Prize 2023, Secretary of State for Art and Culture Andrea Mayer announced today. The award, which is endowed with 20,000 euros, is presented annually by the Museum Advisory Board of the Federal Ministry of Arts, Culture, Civil Service, and Sport for outstanding achievements in the field of museum work.
July 17, 2023
OMV's Polyolefins Business Cooperation: Concerns Raised as Greens Question Borealis' Future
Austrian energy company OMV has decided to pursue negotiations with ADNOC, the state-owned oil company of the United Arab Emirates, on potential cooperation of their polyolefins business. This reinforces certain concerns of the critical voices on the OMV-ADNOC deal.
July 16, 2023
Saving the Historical Habsburg Clothing Brand
The insolvency of the renowned Salzburg-based clothing manufacturer Habsburg in May came as a shock to lovers of the fine label of down-to-earth solidity. Two experienced entrepreneurs from the fashion and lifestyle industry have made the rescue of Habsburg their personal affair of the heart and have thus committed themselves to the continuation of the brand.
July 12, 2023
OMV Secures Additional European Gas Transmission and Pipeline Capacities until 2028
The listed oil and gas group OMV has successfully secured additional European gas transport capacities and gas pipeline capacities. This measure serves to secure Austria's gas supply and enables OMV to meet its delivery obligations in the medium term.
July 12, 2023
Wealth of the Richest Austrians Grows Despite Global Trends
In its latest issue, the business magazine "trend" publishes its annual ranking of the "100 richest Austrians". In contrast to some global studies, which show a slight decline in the ownership of the super-rich, Austria shows a different development. The assets of the 100 wealthiest individuals and families increased by five percent to a total of around 210 billion euros.
July 11, 2023
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Austria's State Security Agency to Take Stronger Action Against Disinformation
The Directorate of State Protection and Intelligence (DSN) has reportedly called for the introduction of penalties for spreading "fake news" in order to curb the spread of conspiracy theories.
July 6, 2023
Selling of Turmoel Fuel Business to the Polish Group Orlen
The Austrian-based Doppler mineral oil group has sold its Turmöl fuel business to the partly state-owned Orlen mineral oil group from Poland, Orlen announced. As a result, the Turmöl service stations are switching to a large international group.
July 4, 2023
Vienna's Universities and the EU: Funding for "Circle U." and "ENGAGE.EU" Alliances
The European Commission continues its funding for European university alliances, supporting the efforts of Vienna's universities. Both the Circle U. Alliance and the ENGAGE.EU Alliance receive financial support for their innovative projects under the European University Initiative.
July 4, 2023
Journalists' Associations Protest Against Exclusion at OPEC Event
Journalists' associations have protested the renewed exclusion of international press representatives from an OPEC event in Vienna. According to an open letter from the Association of Foreign Press, the Concordia Press Club, and the Association of European Journalists (AEJ), reporters from the Reuters and Bloomberg news agencies and the "Wall Street Journal" were denied accreditation.
June 29, 2023
Wirecard Trial: Entire Wirecard Asia Business Made Up
Wirecard's insolvency administrator, Michael Jaffe, has confirmed that the company's deal with supposed partners in Asia was completely fabricated, according to recent findings. This is according to Jaffe's fifth status report to the Munich District Court.
June 27, 2023
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OMV Gives Final Investment Decision for Gas Project in Romania
OMV announced the final investment decision by OMV Petrom, the largest integrated energy company in Southeast Europe, for the Neptune Deep natural gas production development project.
June 22, 2023
OPEC and Non-OPEC Participating Countries Agree on Crude Oil Production Adjustments
In a bid to maintain stability in the oil market, OPEC and non-OPEC Participating Countries have announced key decisions during the 35th OPEC and non-OPEC Ministerial Meeting held in Vienna. The meeting emphasized the commitment to achieving a stable oil market and providing long-term guidance for the industry.
June 19, 2023
Preliminary Presentation in Vienna of UN Study Results on Fast Fashion and Old Clothes
The Austrian-based foundation COMÚN and the Chilean study author, Beatriz O'Brien, exclusively show the disastrous consequences of "waste colonialism" in research ordered by the UN in the run-up to the "Austrian Consumer Dialogues: Textiles".
June 19, 2023
European Union's Space Program Contributes to UNOOSA's "Space2030" Agenda
The United Nations Office for Outer Space Affairs and the European Union Agency for the Space Programme have joined forces to unveil a groundbreaking report aiming to shed light on the crucial role played by the European Union in advancing the objectives of the "Space2030" Agenda and addressing long-term sustainable development concerns facing humanity.
June 13, 2023
NEFI Study Shows Paths to Climate-Neutral Industry in Austria
A recent study by the innovation network NEFI - New Energy for Industry has provided important impetus for a climate-neutral future for Austrian industry. In 2021, the domestic manufacturing industry was responsible for more than one-third of the total CO2 emissions in Austria. The NEFI experts have now developed three scenarios that show concrete ways to transform the industrial energy system.
June 11, 2023
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Vienna Business Agency and Climate Lab For Sustainable Economic Development
Since its founding in September 2022, the Climate Lab has strived to achieve Austria's climate neutrality targets and the goals of the Austrian circular economy strategy as quickly as possible through innovative collaborations and alliances.
June 4, 2023
Austria's Best Tax Consultants Were Awarded
The Institute for Investment Consulting (IFA AG) and the daily newspaper "Die Presse" presented the coveted "Tax Consultant of the Year" award to the best tax consultants in Austria. The festive award ceremony took place in the Sofiensälen in Vienna and was accompanied by Federal Minister of Finance Dr. Magnus Brunner as keynote speaker. More than 16,000 nominations demonstrate appreciation for both the industry and the award.
May 25, 2023
Austrian National Bank: Monetary Policy Strategies Must Act
In his speech at the opening of this year's Economics Conference, Austria's National Bank - Governor Robert Holzmann shed light on the importance of a robust and resilient monetary policy in uncertain times. Given the recent financial market turmoil, he stressed that monetary policy strategies must not remain empty words and that the instruments must work.
May 24, 2023
Austria Shows Interest in Developing the Railroad Infrastructure to the Slovenian Port of Koper
Despite expansion projects, rail capacity remains limited compared to road. The seaport in Koper, Slovenia, which is important for Austria, is an example of current efforts in rail expansion, but at the same time shows the limits of rail-bound freight transport. With regard to Koper, Austrian experts emphasized the importance of an efficient rail connection for freight traffic.
May 24, 2023
Gazprom Austria Inventory is Now Being Auctioned Off
The Gazprom subsidiary in Austria has become insolvent, and now its assets are being auctioned off at the Aurena auction house. The offer includes 240 exhibits and the purchase of Russian business memorabilia.
May 22, 2023
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Austrian Business Leaders and Government Officials Discuss Economic Ties with South Korea
The President of Austrian Chamber of Commerce Harald Mahrer welcomed South Korean Prime Minister Han Duck-soo. South Korea will be a global hotspot for future technologies of central importance for Austria.
May 14, 2023
Vienna Stock Exchange Reports High Profits for Third-Year Running
Vienna's stock exchange, Wiener Börse AG, has announced high profits for the third year in a row, despite the turbulent economic environment of 2022. Vienna's stock exchange plans to continue its focus on consistent market modeling and alignment with international standards and is calling on the government to act to take advantage of the capital market's potential as a powerful lever.
May 10, 2023
Political Support for Southern Hydrogen Corridor: Austria, Germany, and Italy Sign Joint Letter
The Southern Hydrogen Corridor, developed by major European transmission system operators, aims to connect North Africa, Italy, Austria, and Germany to supply important European demand clusters with competitive renewable hydrogen.
May 10, 2023
Europe Minister Edtstadler Awards Outstanding Projects and Initiatives with the 2023 Europe State Prize
Austrian Europe Minister Karoline Edtsdadler awarded the winners of the 2023 Europe State Prize at the Sofiensäle in Vienna. More than 200 guestes were present at the Europe gala.
May 9, 2023
Vienna Expands German Learning Support for EU Expats
Are you a newly arrived EU citizen in Vienna and struggling to learn German? The good news is that the city of Vienna is expanding its language learning support program, the Wiener Sprachgutschein, to include EU citizens. This means that you will now have access to the same level of funding as non-EU citizens for German language courses.
May 8, 2023
Vienna Ball Season 2023: Concordia Ball Anniversary Celebrates 160 Years
Vienna's famous ball season has been extended with the long-awaited return of the Concordia Ball. The ball, which is hosted by the Vienna Journalist and Writer Association Concordia, is one of the city's oldest dance events and has been held since 1863. This year's ball will take place on May 26th at Vienna's City Hall, the Rathaus.
May 8, 2023
Trilateral Meeting Discussed Energy Transition and Energy Innovation
A trilateral conference was held at the Technical University of Vienna, where Italian, French, and Austrian energy actors discussed the topics of energy innovation and the energy transition. The discussion panels included topics such as the role of gas and nuclear power in European decarbonization, the importance of renewable energy sources, and the potential of solar energy in Europe.
May 3, 2023
Turkish Community in Vienna Criticizes Türkiye's Media Freedom on International Press Freedom Day
As the world marks International Press Freedom Day on May 3, Austria's media landscape faces a serious threat to its diversity, despite slight improvements in the Press Freedom Index. Meanwhile, Türkiye's media freedom is in a dire state, with journalists and opposition voices facing increasing pressure and imprisonment under Erdogan's AKP government, according to the Turkish Cultural Community in Austria (TKG).
May 3, 2023
Travel Tips in Austria: Admont Abbey Library in Styria
The Admont Abbey Library makes a decisive contribution to the attractiveness of Styria as a vacation destination and inspires visitors worldwide to visit Austria.
April 19, 2023
Austria Establishes a National Task Force to Combat Environmental Crime
The ministers of agriculture, justice, finance, social affairs, environment, and interior established an interagency task force on April 12, 2023.
April 12, 2023
Science Museum Vienna: 150 Years Women's Pavilion of the Vienna World's Fair
Starting next month, the Vienna Museum of Science and Technology will present an anniversary show focusing on women's work, referring to 150 years of the Women's Pavilion at the Vienna World's Fair.
April 12, 2023
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