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Read updated news about key entrepreneurs in Vienna's international community

U.S. Ambassador Kennedy Will Lead Austrian Delegation to Major Investment Summit in the U.S.

In a major announcement from the US Embassy in Vienna, it has been revealed that US Ambassador Victoria Kennedy will lead a high-profile Austrian delegation to this year's SelectUSA Investment Summit. The event, which will take place from June 23-26, 2024 at the prestigious Gaylord National Resort & Convention Center in National Harbor, Maryland, is considered a key platform for promoting foreign direct investment in the United States.

March 10, 2024

Signa's Major Project "Lamarr" in Vienna Seeks New Owner

The prestigious "Lamarr" real estate project on the bustling Mariahilfer Strasse, a flagship property of the troubled Signa Group, is now officially on the market.

March 6, 2024

Chinese BYD Strengthens Presence in Austria

Chinese car manufacturers are becoming increasingly present in the European car market and are openly demonstrating their role. The Chinese company BYD proudly presents its cars and other products on the Austrian market.

February 28, 2024

Financial Turbulence and Internal Conflicts Shake Signa Group Severely

The Signa Group's financial crisis reached a new peak when creditors filed claims totaling EUR 6.3 billion against Signa Prime, of which only EUR 2.6 billion were recognized by the restructuring administrator Norbert Abel. The hearing at the Vienna Commercial Court revealed that the group's financial difficulties are deeper than previously thought, with a significant proportion of the claims in dispute.

February 26, 2024

Decline in Frozen Russian Assets in Austria

The significant drop in the volume of frozen Russian assets in Austria, as observed over the past year, mirrors a broader trend seen in other countries, where the handling and status of these assets have been dynamic and subject to legal, political, and financial considerations.

February 21, 2024

"Shaping Europe together": EBÖ Launches Second Workshop in the Run-Up to the 2024 EU Elections

The European Movement Austria (EBÖ) is intensifying its efforts to actively involve companies and associations in shaping the future of Europe. Under the motto "Shaping Europe together", the second workshop in this series will take place on March 18, 2024, at the House of the European Union in Vienna. The aim is to give participants a comprehensive insight into EU policy and enable them to play a greater role.

February 20, 2024

Signa Group's Luxury Properties up for Sale: A Glimmer of Hope for the Redevelopment

Signa Prime Selection AG, a major player in the luxury real estate market, is currently facing financial difficulties that could now be alleviated by the planned sale of some of its most prestigious properties. Karl-Heinz Götze, the insolvency manager of the credit protection association KSV1870, sees this step as a crucial "piece of the puzzle" for an orderly resolution of Signa Prime's insolvency proceedings.

February 14, 2024

Africa Day 2024: Austria Looks to Africa's Future Markets

This year's Africa Day was all about Africa's future markets and offered a platform to strengthen economic relations between Austrian and African companies. Organized by the Austrian Federal Economic Chamber (WKÖ), the event attracted more than 1,200 participants from Austria, over 30 African countries, and guests from Europe, Asia, and the USA.

February 5, 2024

Signa-Retail Company Lamarr Declares Bankruptcy

The highly anticipated Lamarr Kaufhaus project on Mariahilfer Straße in Vienna, set to include a flagship department store and hotel, has filed for bankruptcy. This development comes as a significant blow, as the project, originally slated for completion in 2025, has faced financial turmoil. The insolvency was confirmed by the Creditors' Protection Association KSV 1870 on Friday.

February 4, 2024

Austria United in Remembrance: Joint Remembrance on International Holocaust Remembrance Day

In an impressive sign of solidarity and remembrance, representatives of the Jewish Community, Roma, Austria's political leaders, and members of the democratic opposition came together in Vienna to commemorate the millions of victims of the Shoah.

January 30, 2024

Austrian Justice Minister Zadić Plans Reforms in Connection with the Signa Insolvency

The insolvency of the Signa real estate company has far-reaching consequences, which are now also prompting the Austrian Ministry of Justice under the leadership of Green Justice Minister Alma Zadić. In a five-point plan in response to Signa's insolvency, Zadić plans to significantly tighten the penalties for failing to submit balance sheets.

January 24, 2024

Promotion of Democracy in the Age of AI by the U.S. Embassy in Vienna

The U.S. Embassy in Austria, in cooperation with the Austrian Federal Ministry for European and International Affairs (BMEIA), recently hosted renowned AI ethics and policy expert Merve Hickok for an important dialog on global challenges. This initiative is part of the "U.S.-Austria Citizen Dialogue on Global Challenges".

January 22, 2024

Jonas Kaufmann and Elisabeth Engelbrechtsmüller-Strauss Awarded the French Legion of Honor

The awards of the French Legion of Honor to Jonas Kaufmann and Elisabeth Engelbrechtsmüller-Strauss underline the importance of their artistic and business activities. Kaufmann's contribution to the world of opera and music and Engelbrechtsmüller-Strauss' successful management of an international technology group as well as her social commitment reflect France's appreciation of outstanding achievements in culture and business.

January 18, 2024

DHK New Year's Reception 2024: Business and Politics in Dialog

The traditional New Year's reception of the German Chamber of Commerce in Austria (DHK) took place in Graz, set against the historic backdrop of the auditorium of the Old University.

January 17, 2024

25th Savaball: A Celebration of Serbian Culture at the Vienna Hofburg

The 25th anniversary of the Savaball at the Vienna Hofburg will be a great celebration of Serbian culture and tradition. With high-caliber guests from politics and show business, international artists, and a social commitment, the ball promises to be a great celebration of Serbian culture and tradition.

January 17, 2024

Signa Prime and Development: Future Secured Despite Insolvency

The future of the two important branches of the Signa Group, Signa Prime and Signa Development, seems secure for the time being.

January 15, 2024

Karl von Habsburg Calls for Decisive Action in Speech on the Future of Europe

Karl von Habsburg, President of the Pan-European Movement Austria, used the annual "Speech on the Future of Europe" to address important European policy issues. The motto of the online matinee was "Courage to take responsibility".

January 11, 2024

Secret Meeting to Plan Mass Displacement in Germany: The Role of the Austrian Martin Sellner

A secret meeting held in a hotel near Potsdam last November brought together high-ranking AfD politicians, neo-Nazis and wealthy entrepreneurs. The meeting aimed to discuss a plan to expel millions of people from Germany. Among those present was Martin Sellner, a well-known far-right activist from Austria and former spokesperson for the Identitarian Movement Austria.

January 10, 2024

Political Thriller Around the Abramovich Villa in Austria

The sale of a villa on Lake Fuschl to Russian oligarch Roman Abramovich's family in Salzburg has been revealed to have disappeared. The property was acquired through an offshore letterbox company and a British trustee. The Green Party is now calling for the sale to be reversed, requiring a trust deed. The party is seeking clarification on how the sale can be reversed without the deed.

January 9, 2024

Financial Crisis at Signa: Bankruptcy Proceedings Initiated for Subsidiaries

The financial difficulties of Signa's flagship Signa Prime Selection lead to further negative developments within the group.

January 8, 2024

Signa Crisis: Call to Investors for Financial Support

Signa Holding, a prominent real estate company, is facing financial difficulties. Erhard Grossnigg, the Chief Restructuring Officer of the Signa subsidiaries Prime and Development, has sent a letter to investors urgently requesting additional funding.

January 4, 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

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

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

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

Pilnacek Affair: Entanglements, Revelations and Political Upheavals in Austria

The Austrian political landscape is currently being rocked by the Pilnacek affair, a complex entanglement of power, secrets and political calculation. At the center is the late head of the justice section Christian Pilnacek, whose secretly recorded audio raises new accusations against the ÖVP.

December 7, 2023

Vienna Forum Discusses New Standards for Afghanistan's Future: Focus on Inclusive Peace and Women

At the recent civil society forum held in Vienna ahead of the "3rd Vienna Conference for a Democratic Afghanistan", representatives of the Afghan diaspora from nine European countries met to discuss perspectives for the future of Afghanistan. The Vienna Institute for International Dialogue and Cooperation (VIDC) hosted this important conference.

December 7, 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

Austria-Arab Business Dialogue: Increased Cooperation and Innovation

The 13th edition of the Arab-Austrian Business Forum, which took place in Vienna, impressively demonstrated the growing importance of cooperation between Austria and the Arab countries. The forum, organized by the Austro-Arab Chamber of Commerce (AACC) and the Vienna Economic Chamber (WKW), brought together over 200 participants from various countries, including high-ranking ministers and business people.

December 4, 2023

Feminist Foreign Policy in Focus: Experts Discuss New Perspectives in Austria's Parliament

The Austrian Parliament hosted an important panel discussion on "Feminist Foreign Policy", where experts emphasized the need for a change of perspective in international politics.

November 29, 2023

U.S. Embassy and Austrian Marshall Plan Foundation Explore the Future of Transatlantic Relations

The Amerika Haus in Vienna was the venue for a major panel discussion on "An Uncertain Future: The State of Transatlantic Relations in a World on Fire", organized by the Austrian Marshall Plan Foundation in cooperation with the U.S. Embassy in Austria.

November 23, 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

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

Vienna Mutfluencer Project: An Example of European Solidarity Awarded the Citizens' Prize

In a time of global challenges, the Viennese social project "Mutfluencer*innen" has received significant recognition for its commitment by being awarded the European Citizen's Prize 2023. The initiative, which was launched in the summer of 2021, aims to empower young people - especially those from disadvantaged backgrounds - to face the challenges of crises, isolation, and fears for the future.

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

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

Tensions Between Kosovo and Serbia: Is a New Conflict Looming?

The recent incident has renewed tensions between Kosovo and Serbia, raising fears of a possible armed conflict in the region. The situation in Kosovo appears to be calming, but the state of affairs remains incomprehensible to many.

October 3, 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

Historic Center of Vienna Remains on the UNESCO Red List

The historic center of Vienna remains on UNESCO's red list of endangered World Heritage Sites despite recent changes to the Heumarkt project. This was decided by UNESCO. Now it is being examined whether the project is compatible with World Heritage in this way.

September 13, 2023

19th Salzburg Europe Summit 2023: "Europe: Setting out for New Horizons"

From September 24 to 26, 2023, the Institute of the Regions of Europe (IRE) invites you to the 19th Salzburg Europe Summit at the Salzburg Congress. More than 700 participants from all over Europe are expected to discuss together the current challenges and opportunities of the continent.

September 12, 2023

Green Peak Festival 2023: Austria's Pioneer for Climate Protection and Entrepreneurship

The renowned Green Peak Festival, which has established itself in the heart of Vienna as Austria's flagship event for sustainability and entrepreneurship, impressed once again. For the second year in a row, over 800 participants gathered to network, exchange ideas and discuss the latest developments in sustainability. The project was supported this year by the Embassy of Israel.

September 11, 2023

Austria's Ex-Economy Minister Schramböck in Saudi Arabia: Progress on Women's Rights and Economic Opportunities

The former Austrian Minister of Economy, Margarete Schramböck, has given insights into her new professional activities in Saudi Arabia in an interview with the magazine "trend". She is currently on the board of Aramco Digital, a digital subsidiary of Saudi Aramco, the world's largest oil company, which was founded in spring 2023. Schramböck plays an important role there, which she describes as "between the executive board and the supervisory board."

September 7, 2023

European Forum Alpbach 2023: A Turning Point for Europe's Future

The European Forum Alpbach (EFA) is entering a new round and is increasingly focusing on topics that will significantly shape Europe's role in the world. Under the motto "Bold Europe", decision-makers from business, politics, science, art, and culture are meeting in Tyrol to work together on solutions to pressing challenges.

August 30, 2023 · Updated: August 31, 2023; 09:37

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

Salzburg Summit: International Conference Brings Together Top Politicians, Scientists and Business Leaders

July 26, 2023, marks the start of the 4th Salzburg Summit, a high-profile international business and future conference that will take place on the fringes of the renowned Salzburg Festival. The event will be formally opened by EU Budget Commissioner Johannes Hahn and the President of the Federation of Austrian Industries (IV), Georg Knill. In light of recent global challenges, including a war on European soil and the global COVID-19 pandemic, the summit is dedicated to the goal of a sustainable future for Europe amid uncertainty.

July 23, 2023