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Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
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Europe-Wide Innovation Award Goes to Wiener Linien
The Europe-wide Innovation in Politics Award 2020 goes to the research project RemiHub, coordinated, among others, by Wiener Linien and the Vienna University of Technology. RemiHub focuses on the urban parcel delivery and was already tested for different delivery services in Vienna.
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EIB Group Cooperates with Hypo Vorarlberg
The European Investment Bank (EIB) has decided to support Austria's economy by unlocking part of Hypo Vorarlberg's regulatory capital. These funds will be used to invest in energy efficiency projects which are directly in line with the EIB's commitment to increasing its climate action lending.
December 1, 2020
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Further Increase of Investment Subsidy
The Austrian government has decided to increase its budget for investment subsidies. The high demand for this subsidy by companies located in Austria has exceeded the expectations of the government and is therefore adjusted upwards by another EUR 1 billion in order to further promote investments into digitalization, sustainability and other sectors.
November 30, 2020
Vienna Prepares for Mass Testing
The City of Vienna prepares to test its population for Covid-19. The responsible city departments, emergency organizations, and the Austrain Armed Forces have taken measures to provide test capacities for the period from December 4 to December 13. Within this period, every Viennese resident above the age of 10 is eligible for testing.
November 30, 2020
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Austria's Top Managers Launch Economy4Future Initiative
Some of Austria's top managers have launched the economy4future initiative, which focuses on the fight against climate change. The campaign wants to promote dialogue between big companies and young people in order to better shape the economic future in harmony with the resources of the planet.
November 26, 2020
Leopold Museum Receives Historically Significant Klimt Painting
The Leopold Museum of Vienna received an art-historically significant painting by Gustav Klimt. A Viennese academic couple donated the painting, which is about EUR 475,000 worth, to the museum in order to make it permanently accessible to the public and to the visitors of the museum.
November 26, 2020
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WKO: Thoughts About Opening Stores on Sundays
The President of the Austrian Federal Chamber of Commerce (WKO) has expressed his thoughts about a possible opening of stores on Sundays before Christmas. This would create the opportunity for companies to equalize customer flows which they have missed out on during the ongoing lockdown.
November 24, 2020
First Austrian Swedish Innovation Exchange Day
The Austrian and Swedish government have decided to hold their first ever Austrian Swedish Innovation Exchange Day, which will try to kick-off a lasting bilateral relationship with regard to innovation, business and industry. The event will be attended by Austrian and Swedish politicians as well as representatives of the economic sector.
November 23, 2020
European Commission Approves Second Fixed Cost Subsidy
The European Commission has approved Austria's request to grant further subsidies to companies particularly impacted by the ongoing pandemic. The so-called Fixed Cost Subsidy II could cover up to 70 percent of the uncovered fixed costs and up to EUR 3 million.
November 23, 2020
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International Mobility Days 2020 Held Virtually
The International Mobility Days of the Austrian Federal Chamber of Commerce are held virtually. The mobility industry is one of the fastest evolving industries and the future of transportation, especially in growing cities, is a topic that has been dominating international entrepreneurial acton for years.
November 19, 2020
Vienna Migration Conference: The Effects of Covid-19
The Vienna Migration Conference is taking place from November 16 to November 19, 2020, and can be followed online. Due to Covid-19, this year's event is held solely online and, as a matter of fact, will also examine the effects of the current crisis on migration and migration policy.
November 18, 2020
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Eurochambres President Demands Rapid Measures for Businesses
At the presentation of the 28th Eurochambres Economic Survey, President of the Association for European Chambers of Commerce Leitl demands "immediate help" for businesses affected by the Covid-19 pandemic. According to him, the survey results show sharp declines in many economic indicators.
November 11, 2020
European Vocational Skills Week: Focus on Green and Digital Transition
The European Vocational Skills Week focuses on vocational education and training for environmental and digital change. Numerous online events from 38 countries can be attended to further knowledge and careers. Especially in times of economic and social hardship, obtaining new skills might provide decent recovery.
November 10, 2020
Turnover Compensation For Impacted Companies
The Austrian Ministry of Finance has issued another instrument to offset negative consequences of the second lockdown for the economy. Impacted businesses will be compensated for 80 percent of their turnover with an allegedly unbureaucratic and fast process that should help companies as uncomplicated as possible.
November 6, 2020
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Austrian Airlines Goes Into Hibernation
The worsening Covid-19 situation in Europe also affects Austrian Airlines and its success in the upcoming winter months. After a summer which was better than most forecasts had predicted, the current rise of Covid-19 cases means a reduction in demand for flights in the near future.
October 29, 2020
Austrian Post Invests More Than EUR 100 Million in Turkish Subsidiary
Despite the critical tensions between the European Union and Turkey, the Austrian Post will be investing more than EUR 100 million in a Turkish subsidiary in the next five years. CEO Pölzl is confident that the separation of politics and the business aspect will be also possible in the future.
October 23, 2020
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Van der Bellen at Viennale 2020: "We Need the Film"
The 58th Viennale is currently taking place despite Covid-19 and all the regulations that are in place. Federal President Van der Bellen and director of the festival, Eva Sangiorgi, both emphasize the importance of film even though the pandemic has impacted the industry dramatically.
October 23, 2020
Austrian National Bank: Exports Increase Again
Exports, excluding tourism, were above the comparable figures from 2019 for the first time in Austria since the outbreak of the Covid-19 crisis. The Austrian National Bank is confident that a second wave can be contained and that no further monetary or fiscal policy measures are needed.
October 21, 2020
First Microsoft Cloud Data Center in Austria
Microsoft has announced the establishment of Austria's first ever data center region. Chancellor Kurz says that this "represents a decisive competitive advantage" and thanks Microsoft for the commitment to Austrian companies and their employees.
October 20, 2020
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Austrian Railways: EUR 17.5 Billion of Investment Until 2026
The railway system in Austria will see impactful investments in the near future. Due to a package of around EUR 17.5 billion until 2026, the Federal Government together with Austrian Railways (ÖBB) will try to make travelling and transporting by rail even more attractive to customers.
October 20, 2020
World Statistics Day 2020: New Economic Monitor Shows Austria's Economic Development
Statistics Austria has introduced a new economic monitor which shows Austria's economic development over time. Data is updated biweekly and will include more than 80 economic indicators across different sectors and industries. In addition to this monitor, Statistics Austria provides a Covid-19 data collection which focuses also on population, health and education.
October 19, 2020
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Federal Chamber of Commerce: Lockdown Is Unthinkable and Needs To Be Avoided
The heads of the Federal Chamber of Commerce emphasize the importance of avoiding a second lockdown due to rising Covid-19 cases in Austria. They also demand further support measures for the economy and particularly hope that the EU approves the planned fixed cost subsidy.
October 9, 2020
Vienna-based OPEC Launches Newest Edition of World Oil Outlook
The 2020 OPEC World Oil Outlook (WOO) has been launched in Vienna providing, among other topics, the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the Covid-19 pandemic on the global energy and oil markets.
October 8, 2020
Dutch Opera Director Lotte de Beer Becomes New Head of Volksoper
The Dutch opera director Lotte de Beer, artistic director of the Dutch ensemble Operafront, will direct the Volksoper Wien from September 1, 2022 onwards. She was able to secure the position, for which more than 30 international and national applications were submitted.
October 6, 2020
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Austrian Airlines to Reduce Flights and to Increase Short-Time Work
Due to new travel restrictions from Germany, Switzerland and other countries with regard to the increasing number of Covid-19 cases in Austria, Austrian Airlines will reduce the number of flights which were originally planned for the upcoming season to only 30% compared to last winter.
October 6, 2020
Schramböck: "Every New Infection Is a Potential Danger for the Business Location"
Federal Minister for Economic Affairs Schramböck empasizes the importance of low infection rates for the business location. She demands more rigid measures for Vienna, which is currently the Covid-19 hotspot in Austria.
October 5, 2020
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Launch of the European Month for Cyber Security 2020
A joint information campaign of Europol and its partners will once again host the European Month for Cyber Security. This event should help the prevention of cyber crime by raising awareness and providing information to individuals and organizations.
October 2, 2020
UNIDO Partners Up With Women Leadership Forum to Hold Special Event
UNIDO and the European Brand Institute have organized the 8th Women Leadership Forum, which was held as a hybrid event in Vienna. International successful women as well as other supportive public figures have gathered together to empower women.
October 1, 2020
Austrian Economy Slumped by 12.1% in Q2 2020
The newly published report by Statistics Austria shows a massive economic slump in the second quarter of 2020. Austria's GDP declined by more than 12 percent compared to the second quarter of 2019 while expectations for the last two quarters of the year are not much better.
September 28, 2020
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EXPO 2020 Dubai: Austria Pavilion Past First Construction Stage
The World Expo 2020 in Dubai, which will now be taking place in 2021, will also be starring about 100 companies from Austria. With the completion of the Austria Pavilion's first construction stage, these companies are now one step closer to a successful exhibition.
September 25, 2020
Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
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Cancellation of Vienna Opera Ball 2021
Due to the rise of Covid-19 cases in Austria, it was decided that the Vienna Opera Ball 2021 planned for February 11, 2021 will be cancelled. Although the Vienna State Opera put a lot of effort into security concepts, the wellbeing of the participants could not have been guaranteed.
September 23, 2020
European Commission Approves Further EUR 4 Billion for Austrian Companies
Further EUR 4 billion intended to help Austrian companies sustain the Covid-19 crisis were approved by the European Commission. Grants and guarantees of up to EUR 800,000 per company can be given out in cases of hardship and danger of bankruptcy.
September 22, 2020
Swiss President Welcomes Kurz
Swiss President Sommaruga and Austria's Chancellor Kurz met near Bern to discuss current topics related to the Covid-19 pandemic and the cooperation between the two countries. Kurz also met with CEOs of leading Swiss pharmaceutical companies to discuss the current vaccine developments.
September 21, 2020
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Sacher Hotels Lay Off 140 Employees
The dramatic situation in Austria's tourism industry does not even spare one of the most prestigious hotels in Europe. The Sacher Hotels, located in Vienna and Salzburg, have announced the dismissal of 140 employees.
September 15, 2020
Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
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German Chamber of Commerce in Austria: Perspectives for Overcoming the Corona Crisis from an Automotive Company Perspective
At a press conference of the DHK - Deutschen Handelskammer in Österreich in Vienna, experts from the automotive sector, F. Peter Mitterbauer and Hans Dieter Pötsch, highlighted the current economic situation and the prospects for overcoming the corona crisis from the company's perspective.
September 7, 2020
WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
"Massive New Debt" in 2021
Federal Minister Blümel announces massive new government borrowing for next year in order to tackle the ongoing Covid-19 crisis. He hopes to return to meeting the Maastricht criteria again in the next years.
September 7, 2020
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Austrian Technology Company Kapsch Will Cut Around 400 Jobs
Vienna-based company Kapsch is likely to cut about 400 jobs globally in the near future. The company has commenced a transformation program that will allow it to be successful in the future.
September 3, 2020
Austrian Construction Company Porr Reports Losses in the Second Quarter of 2020
The second largest construction company in Austria, Porr, recorded losses in the first half of the year 2020. The obvious reason: Covid-19 and the subsequent shutdowns and restrictions.
August 27, 2020
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Van der Bellen Promoted a Common, Greener European Future at the 75th European Forum Alpbach
Austria's Federal President Alexander Van der Bellen opened the 75th European Forum Alpbach with his speech that focused on international cooperation and an environmentally friendly and sustainable future.
August 26, 2020
Austrian Real Estate Companies with Devaluations in Central and Eastern Europe
Austrian real estate companies CA Immo and s-Immo felt the pressure of the Covid-19 crisis and had to face significant revaluations of their properties in Austria, Germany and Central Eastern Europe.
August 25, 2020
Harald Mahrer Remains Austrian Federal Economic Chamber President for Another Five Years
Harald Mahrer was re-elected President of the Austrian Federal Economic Chamber (WKÖ) at the Economic Parliament and was immediately praised by Margarete Schramböck, Federal Minister for Digitalisation and Business Location.
June 26, 2020
Arab - Austrian Expert Forum on the Economic Challenges in Light of Corona Pandemic
The economic obstacles that the Arab world faces due to the wide spread of the coronavirus, the enormous medical efforts that are being made to find a cure for this virus, and the challenges that the economic and trade relations between Arab countries and Austria in particular face in times of the coronavirus, were the main topics that centered around the geneticist and molecular immunologist Prof. Dr. Josef Penninger.
June 22, 2020
Powerful Federation of Austrian Industrialists Has a New President
The Federation of Austrian Industry, the lobby of 4,200 voluntary members and owners of Austrian industrial and industry-related companies, has elected a new president in Georg Knill.
June 19, 2020
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Change at the Helm of Statistics Austria - Halt of "Message Control"
German-born Prof. Dr. Tobias Thomas replaces Konrad Pesendorfer, takes over as Co-CEO and becomes Technical Statistics Director General. His first official act is the suspension of advance transmissions of statistical press releases to the Federal Chancellery of Austria (BKA).
June 2, 2020
New Chief Financial Officer at Allianz Group Austria
German-born Anne Thiel (49) is to take over as CFO of Allianz Group Austria on September 1, 2020. She succeeds Eva Meyer-Schipflinger, who will take over a global management position at Allianz SE in Munich.
May 30, 2020
The European Forum Alpbach Gets a New Leadership
Bank manager Andreas Treichl is scheduled to take office as President of the European Forum Alpbach in 2021, succeeding Franz Fischler. Already this autumn, Philippe Narval, Secretary General and Managing Director of the European Forum Alpbach, is to hand over the reins to the entrepreneur and investor Werner Wutscher.
May 14, 2020
Hotel Sacher Vienna: New Director is a German Again
Reiner Heilmann, the long-standing director of the Hotel Sacher in Vienna, hands over the management of the hotel to 35-year-old hotel manager Andreas Keese.
May 12, 2020
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