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Read updated news about key entrepreneurs in Vienna's international community
Strengthening Italian-Austrian Economic Relations: Italy Receives Austrian Federal President
With a delegation of business representatives, Austria's Federal President, Alexander Van der Bellen, visited Rome this week. The delegation of Austrian entrepreneurs was led by Harald Mahrer, President of the Austrian Federal Economic Chamber. A major focus of the companies accompanying the delegation was renewable energies, where Italy as a major trading partner is expected to offer some lucrative contracts.
September 15, 2022
Austria's Best Wines Are Awarded
One of the most famous Austrian wine competitions has tested 275 wines this year. SALON as the competition is called has chosen 21 of them as winners. For the first time, the wines were tasted and evaluated according to their origin and not by grape variety.
September 12, 2022
Global Business Campaign ReFocus Austria to Be Continued
A lot of attention was given this year's Ambassadors' Conference in Vienna to Austria's export economy as well as to ReFocus Austria, the successful economic campaign that has now been continued.
September 9, 2022
Trade Relations With the USA: Exports and Investments of Austrian Companies on a Strong Upswing
Austrian companies are increasingly exporting to the USA. It is already their largest overseas market and mutual bilateral investments are steadily increasing. Read on to find out what influences the positive growth dynamics and why Austrian products are in such demand in the US.
August 16, 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
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
Most Popular Congress Cities Worldwide: Vienna in 1st Place Despite COVID-19 Pandemic
As an ideal venue for international congresses and events, Vienna has built a reputation in the past. Now this reputation has been confirmed by the International Congress and Convention Association. The first congress statistics published by Vienna since the Covid-19 outbreak were published in 2021, placing it ahead of Lisbon and Athens as the world's top conference metropolis.
August 5, 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
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
"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
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
Emotional Appeals From Zelenskyy, Clooney and Others During 4Gamechangers Event in Vienna
During his first live address to Austria Thursday, Ukraine's president Volodymyr Zelenskyy made an emotional appeal. Moreover, he called for tougher sanctions against Russia as well as increased support for Ukraine. Selenskyj said during a 4Gamechangers festival circuit that the war is also a "gamechanger" for Europe. An earlier appearance by Hollywood star George Clooney created a stir.
July 5, 2022
Russian Food Markets in Vienna Under Pressure
Specialty foods such as vodka, buckwheat, and chocolate are available in Vienna's Russian groceries. Since Moscow invaded Ukraine, Austrian-Russian traders have been worried about import difficulties and hostility.
June 28, 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 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
Austrian World Summit 2022: Fighting Against Climate Change in Vienna
Today in Vienna, the top climate change leaders from Europe and the USA will meet to discuss the consequences of climate change and to find solutions for this global crisis. The sixth edition of the "Austrian World Summit" takes place today, June 14, at the Vienna Hofburg and was initiated by Arnold Schwarzenegger.
June 14, 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
Business Festival in Vienna as the Centre of the International Startup World
Vienna will be the venue for one of the biggest start-up events in the world this month. Thousands of visitors from over 40 nations will attend the ViennaUP'22 festival between 27 May and 3 June. If you want to find out what the 8-day programme will focus on and why ViennaUP is unlike any other festival, read on.
May 10, 2022
Protection of the European Single Market: European Commission Wants to Control Third-Country Subsidies
The European Commission has presented a new proposal to combat competition-distorting subsidies from third countries. The background for the proposal is the increasing global imbalance between companies from the EU and those from third countries. This is primarily to counter the influence of China and Chinese companies in Europe.
May 5, 2022
How the War in Ukraine Affects German-Austrian Trade Relations
After a Corona-induced decline in trade between Germany and Austria, the situation seemed to settle down again in 2021. However, high expectations for growth have recently been depressed by the Russian invasion of Ukraine. A brief analysis.
May 2, 2022
Austria Professes to be the Official Seat of Many International Organizations
The Secretary-General for Foreign Affairs, Peter Launsky-Tieffenthal, today welcomed the more than 80 Permanent Representatives to International Organizations in Vienna for an exchange at the Ministry of Foreign Affairs on Austria's official residence. The meeting resumes a regular dialogue format that helps strengthen Vienna as a center for diplomacy.
April 27, 2022
IAEA’s First International Conference on Nuclear Law
The IAEA currently hosts the world's top experts on nuclear law to examine the current nuclear law framework in the changing landscape of technology, opportunities, and challenges. Read more about the importance of the First International Conference on Nuclear Law.
April 26, 2022
Impact Fund of the Austrian Development Bank: 72 Million Euros for Developing and Emerging Countries
The Austrian Development Bank, together with Bank Gutmann, has just completed the raising of capital for an investment fund that will benefit developing and emerging countries. A total of 72 million euros is to help improve living conditions in these countries and trigger an economic upswing.
April 15, 2022
Cooperation Between the USA and Austria - USA Adopts Austrian Education Model
In the future, Austria and the United States will deepen cooperation in the field of labor. The United States wants to copy Austria's successful apprenticeship system in order to counteract the acute shortage of skilled workers in the country. In addition to a regular exchange at the expert level, Austrian companies in the U.S. will also help with the implementation.
April 14, 2022
Arab Chambers’ Day at the Austrian Pavilion at Expo 2020 Dubai
The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 provided an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event and which senior Arab and Austrian officials and delegations attended.
April 5, 2022
European Forum Alpbach Gets Ready for Its 2022 Event
The date for the European Forum Alpbach was recently set by the organizers and will take place between August 21 and September 2. The event, which is a great networking opportunity, is focusing on a new program design this year. If you are interested in what is on the program and which days are best to visit, then read on now.
April 5, 2022
Austria as a Pharma Industry Location: 50 Million Euro Investment Package for the Life Science Sector
In order to strengthen one of the most important economic sectors of the domestic economy, the pharmaceutical industry, the budget for the funding program "Austrian Life Sciences" was recently presented. Minister of Economics Margarethe Schramböck hopes that this will make Austria more attractive as a business location for life science companies.
April 1, 2022
Austria Enhances Bilateral Economic Relations with Conflicting Neighbors India and Pakistan
The initiative ReFocus Austria, accompanied by Austria's Foreign Minister Alexander Schallenberg, visited the emerging republics of Pakistan and India in recent days. The aim of the trip was to establish economic relations and promote mutual investments. Read on if you want to know which sectors are in particular demand.
March 23, 2022
IAEA Staff Association Ball 2023: The History of the UN Ball in Vienna
Vienna's history has one special sort of cultural event season every year. One important ball for the international community is the IAEA Staff Association Ball, which has become an integral part of Vienna's traditional ball calendar. The next IAEA Staff Association Ball will take place on the 11 of February 2023.
March 17, 2022
Congress Tourism Vienna on the Verge of a Comeback
The seemingly endless procrastination has come to an end - after an absence of two years, the congresses and events are returning to Vienna. This calls for flexibility and time management above all, because the schedule is tight. Here you can read about the events that await you in Vienna this year.
March 16, 2022
Vienna Business Agency Sees Significant Increase in Expat Advice Requests
The Expat Center and the Business Immigration Office of the Vienna Business Agency saw a stark increase in the number of expats seeking advice during the COVID-19 crisis. Read about this increase and how the Vienna Business Agency has assisted expats.
February 9, 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
"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
Hostage Diplomacy: While Iran Nuclear Negotiations Are Underway in Vienna, Tehran Continues to Hold Two Austro-Iranians Captive
As the details of a resumption of the 2015 nuclear agreement (JCPOA) continue to be discussed in Austria, the host country of the "Iran Nuclear Talks," two Iranian-Austrians, Kamran Ghaderi and Massud Mossaheb, have been imprisoned in Iran for years on charges of alleged espionage.
December 14, 2021
International Organizations Continue to Favor Austria as Their Seat
The hosting of international organizations is of great importance for Austrian foreign policy, secures 19,000 jobs and has a gross value added effect of € 1.35 billion per year.
December 13, 2021
Vienna Opera Ball 2022: Canceled Twice in a Row
The Austrian government has announced that the 2022 Vienna Opera Ball has been canceled due to COVID-19 concerns. However, the Viennese Opera Ball in New York City is still scheduled to take place. Read more about the two popular events.
December 9, 2021
Western Balkans: Foreign Minister Linhart Visits Albania and North Macedonia
Foreign Minister Linhart, accompanied by an Austrian business delegation, visited the Western Balkan States of North Macedonia and Albania. Read about the foreign minister's meetings with various government officials, as well as his meetings with local business people as part of the ReFocus Austria initiative.
November 22, 2021
Expo Dubai: Viennese Coffeehouse is Culinary Ambassador
The Viennese coffeehouse, Austrian Delight, is serving as the culinary ambassador for Austria at the World Expo in Dubai. Read about how the cafe is representing Austria and what else Vienna is offering at the World Expo.
November 11, 2021
Economic Diplomacy a la "ReFocus": Connecting Diplomatic Representatives with Austria's Business Community
Diplomatic representatives in Austria met with members of the Austrian business community as part of the "ReFocus Austria" government initiative aimed at promoting Austrian companies abroad and Austria as a business location. The main focus of this event was opportunities in the "green economy." Read more about this event and "ReFocus Austria."
October 27, 2021
Western Balkans: First Foreign Trip of the New Austrian Foreign Minister Michael Linhart
Austrian Foreign Minister Michael Linhart went on his first trip abroad since becoming the foreign minister. Linhart traveled to the Western Balkan state of Bosnia and Herzegovina to meet with members of the international presence, business leaders, and various politicians, including his Bosnian counterpart Bisera Turković. Read more about his trip.
October 15, 2021
Heidi Horten: Austria's Richest Woman Sells Luxury Yacht for 160 Million Euros
Heidi Goëss-Horten, the richest Austrian woman, is selling her luxury yacht, the Carinthia VII, for an astonishing 160 million euros. Read about Ms. Goëss-Horten's "dream ship" and why she has finally decided to sell it.
October 12, 2021
ReFocus Austria: Roundtable in New York as First Initiative in the U.S.
On his stay at the 76th United Nations General Assembly in New York, Foreign Minister Schallenberg held a roundtable event with Austrian and U.S. entrepreneurs to exchange ideas. This was the first of the ReFocus Austria initiative events in the U.S. aimed at strengthening the Austrian economy. Read more about ReFocus Austria and what was discussed at this event.
September 30, 2021
Doing Business with the United Arab Emirates: World Expo 2020 Opens in Dubai
The World Expo 2020, which kept its name despite being delayed to 2021, is set to begin in Dubai on 1 October. The United Arab Emirates (UAE) has been a particularly sought-after market for many Austrian companies. Read about the upcoming Expo, the economic relationship between Austria and the UAE, and some of the many Austrian companies that have found success there.
September 23, 2021
Vietnamese Business Delegation in Vienna
The Chairman of the Vietnamese National Assembly, Vuong Dinh Hue, and a high-ranking business delegation recently attended a business forum in Vienna with the Austrian Chamber of Commerce (WKÖ) Vice-President Richard Schenz. The forum included discussions about the dynamic Vietnamese economy and why it is an ideal location for Austrian companies and investors to diversify in Asia.
September 22, 2021
Austrian University Spin-offs at the World Expo in Dubai
The World Expo 2020, which retained its name despite being postponed to 2021, will begin in October in Dubai. Various Austrian university spin-offs will present their innovations that will have positive impacts on climate-conscious behavior. These spin-offs include GREENPASS, REEgain, WoodC.A.R., City Intelligence Lab (CIL), Mostly AI's Mostly GENERATE, and Incremental3D's myPot. Read more about Austria's contribution to the upcoming World Expo and what innovations these spin-offs will be presenting.
September 8, 2021 · Updated: September 8, 2021; 16:16
Soros Becomes Key Sponsor of the Forum Alpbach
Forum President Andreas Treichl, former boss of the Erste Group, has succeeded in acquiring US philanthropist George Soros (91), the founder of the Open Society Foundations (OSF), as a sponsor of the European Forum Alpbach, the annual exchange of ideas in the Tyrolean mountains.
August 27, 2021
Austrian Business Agency: René Tritscher Succeeds René Siegl
René Tritscher has succeeded René Siegl as the new Managing Director of the Austrian Business Agency (ABA). Read about Mr. Tritscher's views on the future of the agency, as well as his previous experience working for ABA - WORK in AUSTRIA and the Austrian Economic League (Österreichischer Wirtschaftsbund).
August 24, 2021
City of Vienna and Vienna Business Agency Create New Business Immigration Office
The Vienna Business Agency and Vienna City Government have partnered to create the Business Immigration Office (BIO). The BIO will help streamline residence permit and immigration issues and offer help with integration for key personnel and highly skilled workers.
July 15, 2021
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