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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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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
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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
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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
Austrian Airlines Extends China Flight Ban as Coronavirus Toll Climbs
AUA Austrian Airlines extends its flight suspensions to mainland China (Beijing and Shanghai) until the end of the winter flight schedule on 28 March 2020. Most recently the flights had been suspended until 29 February.
February 16, 2020
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Follow-up Meeting between US President Donald Trump and Chancellor Kurz
Following Alexander Schallenberg's visit to Mike Pompeo just a few days ago, the Federal Chancellery has now confirmed, according to various media, the fact that Sebastian Kurz will also be travelling to Washington, D.C. at the beginning of March.
February 14, 2020
Nuclear Safety: Nuclear Weapons, Nuclear Safety and Nuclear Power are Major Challenges
The international community currently faces numerous challenges in the field of nuclear safety. At the ICONS - International Conference on Nuclear Security Conference of the IAEA in Vienna, these issues were discussed at policymaker level.
February 13, 2020
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US Secretary of Commerce Wilbur Ross in Vienna
The 82-year-old United States Secretary of Commerce Wilbur Ross, who has been in office since February 28, 2017 and was nominated by Donald Trump, visited Vienna and met, among others, US Ambassador Trevor Traina, WKO President Mahrer, Finance Minister Blümel, Environment Minister Gewessler and Economics Minister Schramböck.
February 11, 2020
Digital Tax: Google Charges Customers
The search engine operator Google wants to collect the new digital tax, which has been levied in Austria since January on income from online advertising by international corporations, in its entirety from its advertising customers.
January 31, 2020
Russian Embassy: Economic Networking Russia and Austria
In order to promote economic relations between the two countries, Ambassador Dmitrij Ljubinskij invited about 160 members of the Wirtschaftsforum der Führungskräfte (WdF) to the Russian Embassy in Vienna (Nassaupalais - Palais Simon Vienna).
January 31, 2020
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Corona Virus: Austrian Airlines Suspends Flights to Mainland China
AUA Austrian Airlines will suspend its flights to and from Beijing and Shanghai. Also its parent company Lufthansa, and Swiss International Air Lines will suspend their flights to and from Mainland China until February 9th.
January 29, 2020
Austrian Airlines: Passenger Record, Eight New Destinations and Fleet Concentration in Vienna
The Lufthansa subsidiary registered a record 14.7 million passengers last year. A new promising US route to Boston and seven additional destinations to Rome, Barcelona, Birmingham, Nuremberg. Zadar, Kavala and Samos are on the agenda for 2020.
January 21, 2020
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Aircraft Crash: Austrian Airlines Cancels Tehran Flights
Austrian Airlines flights to the Iranian capital are cancelled for the time being. The reason is the unclear security situation in Iranian airspace.
January 10, 2020
Foreign Ministry Advises Against Travelling to Iran
There is currently no official travel warning from the Austrian Foreign Ministry, although it advises against travel that is not absolutely necessary.
January 10, 2020
Vienna Energy Forum 2020 as a Hub for Innovative and Sustainable Energy Solutions
During high-level talks at the United Nations Climate Change Conference (COP 25), Maria Patek, Austria's Federal Minister for Sustainability and Tourism, announced the hosting of the Vienna Energy Forum (VEF) 2020.
December 11, 2019
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Upward Trend in Foreign Trade Between Uzbekistan and Austria
With 33 million inhabitants, Uzbekistan is the most populous country and Austria's second largest export destination in Central Asia.
November 18, 2019
EXPO 2020 Dubai: Groundbreaking Ceremony at the Austria Pavilion
Preparations are in full swing for the first world exhibition in an Arab country. The construction phase of the Austria Pavilion has also begun.
November 18, 2019
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OPEC Headquarters Vienna: World Oil Market Outlook 2019 Launched
OPEC's Chief Mohammad Sanusi Barkindo released its 2019 World Oil Outlook, in which the OPEC states that the oil market may have upside potential in 2020.
November 17, 2019
Another Electric Rental Scooter Has Arrived in Vienna
"Emmy", a Berlin-based start-up and electric scooter sharing company is rolling into Austria. The scooters are now also available for short-term rental in Vienna in addition to major German cities. Further Austrian cities are to follow.
November 15, 2019
Austrian Airlines Sacks 10% of Its Workforce
AUA Austrian Airlines is planning drastic job cuts. Of the current 7,000 jobs, one in ten will be cut by the end of 2021. 700 to 800 employees are expected to be affected. EUR 90 million should be saved annually.
November 7, 2019
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Austro-Arab Chamber Secretary General Receives “Decoration of Merit in Gold of the Province of Vienna”
The AACC Austro-Arab Chamber of Commerce in Vienna announced that Secretary General Dipl.-Ing. Mr. Mouddar Khouja was awarded the "Decoration of Merit in Gold of the Province of Vienna", in recognition of his dedication and devotement to the province of Vienna through his personal initiatives and in his professional capacity as Secretary General of AACC.
November 4, 2019
30th Anniversary Celebrations of Austro- Arab Chamber of Commerce
The AACC Austro-Arab Chamber of Commerce held a gala in the ballroom of the Vienna City Hall on the occasion of its 30th anniversary and on the occasion of the 11th Arab-Austrian Economic Forum & Exhibition.
October 25, 2019
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Buy Local - Invest Global: How to Invest Your Money on the Vienna Stock Exchange
Expats in Austria now have access to over 680 internationally sought-after securities from 26 countries at local conditions.
October 25, 2019
Mohammad Sanusi Barkindo to Present the OPEC World Oil Outlook 2019
The OPEC World Oil Outlook provides insights into the upstream and downstream, supply and demand, investments, the potential impact of policies and sustainable development. It will be launched at the Vienna Stock Exchange by OPEC’s Secretary General, HE Mohammad Sanusi Barkindo.
October 22, 2019
Austria Connect Greater China: Digital Transformation and Tomorrow's Customers
The Austrian Chamber of Commerce in Hong Kong hosts the largest Chinese-Austrian networking event in Asia.
October 22, 2019
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City of Vienna Battles Airbnb & Co
Shortly before the new European Commission takes up its tasks, the City of Vienna is launching a new Europe-wide offensive to finally achieve clear rules for digital platforms such as Airbnb & Co.
October 22, 2019
Salzburg Festival: Awarded Festival of the Year by Musical America
The specialist journal "Musical America" has named the Salzburg Festival "Festival of the Year". The Musical America Awards will be presented for the 59th time in December at Carnegie Hall in New York City.
October 17, 2019
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Further Increase in Greenhouse Gas Emissions in Austria
Environmental control report calls for increased investment in climate-neutral economy and society. Climate neutrality requires change in the economy and society.
October 16, 2019
Overseas Investments: Number of Austrian Subsidiaries Abroad Increased By 2%
The number of foreign subsidiaries of Austrian companies that were part of a domestic group or owned by Austrian shareholders rose by 2.0% to around 6,000 in 2017.
October 14, 2019
Vienna Just an Emergency Solution: What's the Future for the Central European University?
About a year after it was driven out of Hungary by Viktor Orban, the CEU has started its provisional operation in Vienna-Favoriten. Two new Master programmes in Business Administration and International Public Affairs were launched simultaneously. Within 5 to 6 years, the Vienna campus is to move to Baumgartner Höhe. But the CEU will never abandon Budapest as a location.
October 9, 2019
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Austrian Airlines Takes Over Eurowings Flights to Strengthen Vienna Hub
Lufthansa subsidiary Austrian Airlines takes over the commercial management of all Eurowings flights from Vienna. Vienna is to be strengthened as a hub. At the same time, Eurowings will strongly expand its presence at Salzburg Airport and increase the number of Airbus A319 aircraft stationed in Salzburg to a total of three.
September 27, 2019
City of Vienna Positions Itself at UNIDO Silk Road Conference
At the recent two-day international silk road conference hosted by UNIDO, the Vienna Chamber of Commerce and Industry, represented by location lawyer Alexander Biach, took a stand and presented the opportunities and advantages of the Vienna region and the possibilities of a connection to the new Silk Road (Belt and Road Initiative).
September 24, 2019
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Conference Metropolis Vienna on the Rise
With more than 4,500 events, 631,000 participants and 1.9 million overnight stays per year, Vienna is one of the world's most popular meeting metropolises and sets new records year after year. Last year was a highly successful year, as conferences in the metropolis of Vienna have never brought so much added value as in 2018.
September 23, 2019
Hong Kong and Vienna Seal Cooperation
In what is probably the most politically difficult time for Hong Kong, the Chambers of Commerce of Vienna and Hong Kong conclude an agreement with the aim of promoting economic development.
September 22, 2019
Federation of Industries Warns Against Wrong Location Policy Decisions
In the context of the current election discussions, the Federation of Austrian Industries (Industriellenvereinigung) appeals to the political rationality of all parties with regard to location not to take short-sighted and ill-considered decisions.
September 20, 2019
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Rudolfinerhaus Private Hospital: The Most Advanced Treatment by Tradition
Rudolfinerhaus is Vienna’s most renowned private hospital and has treated Austrian and international patients for almost 140 years. The tradition of the Vienna School of Medicine, its highly qualified specialists, up-to-date medical facilities and its own academically trained nursing staff make the Rudolfinerhaus Austria's first and most trusted private hospital.
September 12, 2019 · Sponsored Content
Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five
The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.
September 4, 2019
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Holzmann is the New Austrian National Bank Governor
The liberal Robert Holzmann (70) took over as Governor of the Austrian National Bank (OeNB) on 1 September 2019, succeeding Ewald Nowotny. The manner in which he will hold his office as governor will be followed with interest. The economist has already stated that he will pay more attention to the monetary policy of the European Central Bank (ECB) than his predecessor.
September 3, 2019
Lower Austria as a Business Location Presents Itself at the Alpbach Business Talks
Also this year Lower Austria presented itself at the economic talks of the Forum Alpbach as an innovative business location through its business agency ecoplus and as an outstanding culinary region through the initiative "Thus tastes Lower Austria".
August 29, 2019
Pfizer Invests 50 Million Euros in Lower Austria
Pfizer is expanding its site in Orth an der Donau by investing 50 million euros in the construction of new laboratories for an international quality control center for vaccines, the construction of modern office space and the modernization and expansion of the existing production infrastructure. Pfizer already produces two vaccines for worldwide export in Orth an der Donau.
August 28, 2019
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New Meinl Bank to Pay 36 Million Euro to Damaged European Land Investors
The legal successor to Meinl-Bank, AAB Anglo Austrian Bank AG, will pay around EUR 36 million to settle the claims of the remaining investor proceedings of approx. 4,000 investors of the former MEL Meinl European Land. Simultaneously, AAB starts a repositioning in which the credit business and the payment transactions are to be reduced, while the advisory business and investment banking are to be focused on.
August 27, 2019
Wealthiest Austrian Deceased
Ferdinand Karl Piëch, former manager and major shareholder of Porsche Automobil Holding, died at the age of 82 after a visit to a restaurant. He was head of Volkswagen for almost ten years, later becoming Chairman of the Supervisory Board. He retired from the Group in 2015.
August 27, 2019
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Ikea Logistics Centre Vienna Completed: €70 Million Investment Volume
One year after the start of construction work, the Ikea logistics centre with 43 loading gates has been completed. To date, Ikea has invested more than 70 million euros in the site. The site will have a total of 150 employees.
August 25, 2019
What Does Vienna Have in Common with the New Silk Road?
In order to ensure sustainable development, the cities along the New Silk Road also have to face major infrastructural and social challenges, as well as climate-ecological challenges. More than 1000 participants from more than 178 cities are expected in September in the Vienna International Center for UNIDO's Bridge for Cities Conference as part of the Belt & Road Initiative.
August 12, 2019
RBI: Significant Decline in Profits in the First Half of 2019
Stock Exchange-listed RBI Raiffeisen Bank International recorded a significant 25% decline in profits in the first half of 2019. The consolidated profit generated was only €571 million, compared to €756 million in the first half of 2018.
August 8, 2019
BMW to Invest 28 Million Euros in Salzburg Location
Within the framework of a festive event under the theme "Good for Salzburg. Good for Austria." the BMW Group recently laid the foundation stone for its new BMW Group Campus Salzburg for Central and Southeastern Europe. BMW is investing 28 million euros in the expansion of 400 employees. The inauguration of the new campus is planned for autumn 2020.
August 5, 2019
Uber Austria: Suspension in Vienna Over
The ride-sharing service Uber has terminated its suspension in Vienna imposed by the Commercial Court of Vienna and is continuing to operate. As requested, Uber now has a local subsidiary in Austria. With the forthcoming change to uniform rates for taxis and rental cars, the next challenge is already ahead.
July 31, 2019
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International Congress Guests Love Vienna
Vienna is the second most important destination for international congresses after Paris. The Austria Center Vienna profits from this in a unique way and last year brought about 116,000 international visitors to Vienna inducing an economic impact of half a billion euros.
July 29, 2019
Devastating - Austria is Only the 21st Most Innovative Country in the World
The World Intellectual Property Organization (WIPO) named Austria's neighbor Switzerland as the world’s most innovative country, during the launch of its latest Global Innovation Index. Austria isn't even in the top 20. Biggest issues are the stagnation of public expenditure on research and development and the increase of economic protectionism.
July 26, 2019
Uber Suspends all Services in Austria Temporarily
Uber Technologies, the driving service provider, is temporarily discontinuing all services in Austria. The reason for this is a temporary order issued by the Commercial Court of Vienna. Accordingly, Uber Technologies requires a subsidiary and a trade licence in order to offer its services.
July 25, 2019
Hilton Vienna Stadtpark Sold to South Korean Securities Consortium for €333 Mio
The Hilton Hotel near Vienna's Stadtpark is said to have been sold for €333 million ($375 million) to a Korean securities consortium - Hana Financial Investment Co., NH Investment & Securities Co., and Meritz Securities Co. The consortium is planning a modernization for €66 million ( $75 million).
July 19, 2019
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