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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
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
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
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
So What Does the Future Hold for the Eurozone?
The Eurozone between crisis and reform. At the Austrian Academy of Sciences, the renowned European financial experts Agnès Bénassy-Quéré, Klaus Regling, Elke König and Josef Zechner discussed the structure, challenges and necessary financial market reforms within the euro zone.
June 28, 2019
Alibaba's Jack Ma Hosted Lower Austrian Business Delegation
In order to improve bilateral relations and exports between Lower Austria and the Chinese partner province Zhejiang near Shanghai, a large delegation from Lower Austria headed by Governor Johanna Mikl-Leitner was touring East China this week. The plan is to increase goods exports by 100 million euros within four years.
April 26, 2019
Former Finance Minister Schelling to Be Appointed to OMV Supervisory Board
Former ÖVP finance minister Hans Jörg Schelling is to move into the supervisory board of the partly state-owned OMV. Various media report that this is being done at the request of senior government officials.
April 25, 2019
Casinos Austria Appoints Bettina Glatz-Kremsner as New CEO
Ms Bettina Glatz-Kremsner succeeds Mr Alexander Labak as Director of the Management Board of Casinos Austria AG.
April 6, 2019
Iraqi Expert Roundtable in Vienna - How to Reconstruct the City of Mosul?
More than 70 experts from Iraq, Austria and the relevant international community met in Vienna at the invitation of the Austro-Arab Chamber of Commerce to discuss the reconstruction of the devastated northern Iraqi city of Mosul and find solutions. Here is the report of the Expert's Round Table on the Reconstruction of the City of Mosul.
March 14, 2019
Wolfgang Schüssel Joins the Lukoil Supervisory Board - Who are His Colleagues?
As a press release of Lukoil revealed, the former Austrian Chancellor Dr. Wolfgang Schüssel takes over one of 12 supervisory board positions in the second largest Russian company PJSC Lukoil Oil Company as Independent Director. Who are his 11 supervisory board colleagues?
March 13, 2019
Austria's Dependence on Russian Gas Increased by 33 Percent
The effects of the amendment to the contract on gas supplies from Russia to Austria signed last year become visible. A meeting in Moscow between Rainer Seele, Chairman of the Executive Board of OMV, and Alexey Miller, Chairman of the Gazprom Management Committee, revealed that gas deliveries between January 1 and March 5, 2019 increased by 32.9 per cent compared to the same period last year.
March 6, 2019
Irish Ryanair Acquires Austrian Laudamotion Completely
The Austrian Niki-Airline successor Laudamotion has now been taken over 100% by Ryanair. Ryanair last held three quarters of the shares of Laudamotion. No information was given about the price for the remaining 25 percent.
January 29, 2019
Reinsurer VIG Re to Expand to Paris
After opening an office in Frankfurt a year ago, another West European representative office is now to follow in Paris. The new branch will be headed by Patrick Chevrel. As part of the Vienna Insurance Group, VIG Re has been founded in 2008 by being established as a core player in the reinsurance market in Austria and CEE, and now also in certain West European countries.
November 26, 2018
The OPEC Fund OFID Has A New Director-General
Saudi Arabian national Dr. Abdulhamid Alkhalifa has taken over the post of Director-General of the OFID (OPEC Fund for International Development) from his predecessor Suleiman J Al-Herbish at the former Palais Deutschmeister at Vienna's Parkring 8. His task is to implement OFID's objective, which is to reinforce financial cooperation between OPEC Member Countries and other developing countries, by providing financial support to the latter for their socioeconomic development.
November 22, 2018
Austrian National Bank Seeking Successors for Top Jobs
The Board of Governors of the OeNB Austrian National Bank has published a recruitment announcement for the new central bank governor, vice governor and two members of the Management Committee. Applications can be submitted until 5 December, according to the official gazette of the "Wiener Zeitung".
November 5, 2018
Eurasian Economic Union vs. European Union - Perspectives and Limits
At Lansky, Ganzger + Partner, at the meeting room of the Austrian-Kazakh Society (ÖKG - Österreichisch-Kasachische Gesellschaft), a number of prominent participants met for a panel discussion to explore the relationship between the Eurasian Economic Union (EAEU, EEU), to which Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia belong, and the European Union (EU) entitled "The Eurasian Economic Union and the EU - Perspectives and Limits of a Partnership". The conference was hosted by the Research Centre for Eurasian Studies (EURAS), the Austrian-Kazakh Society (ÖKG - Österreichisch-Kasachische Gesellschaft) and the Austrian-Belarusian Society (ÖWG - Österreichisch-Weißrussische Gesellschaft).
October 30, 2018
Swiss Pharmaceutical Group Invests 142 Million Euros in its Viennese Research Facilities
The international pharmaceutical group Octapharma is expanding its R&D location in Vienna. After two and a half years of construction, the company celebrated the opening of a new research and development center. Together with two other major investments up to 2021, the total investment sum for all three projects will amount to 142 million euros. Since the beginning of 2017, 170 new jobs have been created. By 2026, the company plans to employ a further 300 people.
October 25, 2018
Austrian State and Industrial Holding will be Reorganized Again
The holding company of the Austrian federal shareholdings (ÖBIB) is to be restructured and given a new boss. The existing structures created by the red-black predecessor government will soon be history again. The law for a new holding company of the Republic is to be examined in the next few days. Its boss is to be Thomas Schmid, general secretary in the Federal Ministry of Finance.
October 3, 2018
Austro-Arab Energy Community Meets in Vienna to Discuss International Cooperation
The 10th Arab-Austrian Economic Forum & Exhibition took place in Vienna yesterday, organized by the AACC Austro-Arab Chamber of Commerce in cooperation with the City of Vienna and the Regional Center for Renewable Energy and Energy Efficiency (RECREEE). Under the general theme "Energy Transition - Urban Technology and Sustainable Cities", New Opportunities for International Cooperation and Partnerships, representatives from EU institutions, international organizations, funds, European and international financial institutions as well as ministers and high-ranking personalities from the Arab economy met representatives of the local economy, politics and business community. Participants included Nabil R. Kuzbari, Richard Schenz, Michael Ludwig, Omar Al-Rawi, Mahdi Allak, Johannes Peterlik, Samir Koubaa, Michael Esterl and Li Yong.
October 2, 2018
South African to Lead Global Research Institute IIASA in Laxenburg near Vienna
Vice Chancellor of South Africa’s University of KwaZulu-Natal, Dr Albert S. van Jaarsveld, has been appointed as Director General and CEO of the International Institute for Applied Systems Analysis (IIASA). Dr. Albert van Jaarsveld has become the eleventh Director General of IIASA on 1 October 2018. He succeeds outgoing Director General Professor Pavel Kabat who became the first Chief Scientist of the United Nation’s World Meteorological Organization (WMO).
October 1, 2018
Alexander Labak Leaves: Casinos-Austria Seeking New CEO
At yesterday's meeting of the Casinos Austria Supervisory Board, the Management Board presented plans for modernising and strengthening the casino business in Austria and internationally. However, a bang came from CEO Alexander Labak, who will leave the company at the end of 2019.
September 26, 2018
Port of Vienna as International Trimodal Logistics Hub for Water, Rail and Road
Peter Hanke, City Councillor for Economic Affairs, together with Doris Rechberg-Missbichler, Managing Director of Wien Holding, and Fritz Lehr and Doris Pulker-Rohrhofer, Managing Directors of the Port of Vienna, presented the balance sheet of the Port of Vienna for the year 2017. Turnover amounts to 58.1 million euros (+2.3%), earnings before taxes 14.8 million euros (+16.5%).
September 14, 2018
Timothy Snyder Opens 3rd Vienna Humanities Festival "Power & Powerlessness"
From 27 to 30 September, the third Vienna Humanities Festival will once again bring together leading figures from science, art and culture in an "urban salon" lasting several days. Around 40 events will be held themed "Power & Powerlessness" to discuss the major issues of our time.
September 14, 2018
Marcus Grausam Confirmed as CEO of A1 Telekom Austria AG
Marcus Grausam has been confirmed as CEO of A1 Telekom Austria AG, a subsidiary of A1 Telekom Austria Group. He was appointed interim CEO in October 2017. Grausam will also continue to perform his function as CTO.
September 4, 2018
Bosch Austria Boosts Sales by 8% and Invests €120 Million in R&D
During the 2017 fiscal year, Bosch increased its sales on the Austrian market by around eight percent to 1.25 billion euros. "We have achieved record sales. All business sectors contributed to the positive development," said Dr. Klaus Peter Fouquet, sole board member of Robert Bosch AG and representative of the Bosch Group in Austria.
June 14, 2018
Sonja Sarközi Appointed New CEO of Sberbank Europe
Sonja Sarközi, currently Chief Retail Banking Officer of Sberbank Europe, has been appointed as new CEO by the supervisory board. She will succeed Gerhard Randa as of 1 July 2018.
May 29, 2018
Meet OPEC's Secretary General Mohammad Sanusi Barkindo
HE Mr. Mohammed Sanusi Barkindo is the current Secretary General of OPEC. He recently received a prestigious Energy Award for Lifetime Achievement for helping to stabilize the oil price again. He also gave an insight into how OPEC has regained its former strength under his guidance.
May 28, 2018
New Forum for Deepening German-Austrian Relations: Österreichisch-Deutsches Länderforum
Recently the Österreichisch-Deutsches Länderforum e.V. was founded in Vienna by Dr. Harald Wögerbauer with the intention of offering a platform for deepening German-Austrian relations.
May 2, 2018
Telekom Austria: Strategic Restructuring of Management and Supervisory Board
At Telekom Austria's Supervisory Board meeting, not only the change at the top of the company's Supervisory Board was sealed, but also the restructuring of the Management Board. Thomas Arnoldner (40), previously responsible for Sales & Services on the T-Systems Board of Management, replaces Alejandro Plater as Telekom Austria CEO. Economics lawyer Edith Hlawati takes over as Chairman of the Supervisory Board from Wolfgang Ruttenstorfer.
April 19, 2018
Palfinger: Andreas Klauser Appointed New CEO
The Supervisory Board of Palfinger AG concluded its search for a new CEO. Andreas Klauser (53), an accomplished top manager with international experience, who is currently the Global Brand President of Case IH and STEYR as well as member of the Group Executive Council of CNH Industrial, has been chosen to fill the position. He has more than 25 years of experience in the area of agricultural machinery and commercial vehicles.
April 16, 2018
Casinos Austria International Will Not Be Sold
Casinos Austria AG (CASAG) stops the sale of Casinos Austria International (CAI).
April 11, 2018
Austrian Airlines: Alexis von Hoensbroech Succeeds Kay Kratky as CEO
Alexis von Hoensbroech is to become the new Chairman of the Executive Board of Austrian Airlines. The current AUA CEO Kay Kratky, whose contract ends in July, is leaving the company.
April 11, 2018
VIC Strengthens Presence in Hungary and Slovakia
Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.
April 3, 2018
Jens Weidmann Demands in Vienna an End to Massive Bond-Buying Program
The head of Deutsche Bundesbank, Jens Weidmann, visits Vienna to receive the Grand Decoration of Honour in Gold (Grosses Goldenes Ehrenzeichen) from Finance Minister Hartwig Löger. In his speech he called for a rapid end to bond purchases by the European Central Bank (ECB).
March 26, 2018
Federal President Widow Margot Klestil-Löffler Designated to Become Special Envoy to Russia and China
Due to tensions in the CEI Central European Initiative in Trieste between the Italian diplomat Giovanni Caracciolo di Vietri as CEI Secretary General and his deputy Margot Klestil-Löffler, it is rumored that the Foreign Office must find a new job for Klestil-Löffler. This is what the daily "Der Standard" writes in its Thursday issue.
February 23, 2018
KTM to Manufacture Motorcycles in China
The Upper Austrian motorcycle manufacturer KTM plans to produce motorcycles in China from 2020/21 as well. Currently KTM manufactures at the company headquarters in Upper Austria (Mattighofen), as well as together with the partner Bajaj in India (Pune).
February 23, 2018
Austrian Business Meets Foreign Diplomacy
In the context of the ‘Business meets Diplomacy’ series of events, representatives of the Austrian economy meet members of the foreign diplomatic corps for an exchange of views on Austrian business and the economy.
June 20, 2016
VSE and CEESEG: Heimo Scheuch to Serve as New Chairman of the Supervisory Board
Changes in the supervisory board of Wiener Börse AG and CEESEG AG have taken place and a new executive committee was elected. Heimo Scheuch, CEO of Wienerberger AG, will serve as Chairman of the Supervisory Board. Angelika Sommer-Hemetsberger, member of the Management Board of Oesterreichische Kontrollbank AG, was elected Vice-Chairwoman of the Supervisory Board.
June 15, 2016
Ex-Magna Boss Buys Former Employer's Headquarters in Oberwaltersdorf
The Styrian Car Manager of Oleg Deripaska's Russian Machines Company and former Magna CEO Siegfried Wolf has bought the former Magna headquarters in Oberwaltersdorf.
March 2, 2016
Robert Zadrazil Takes Over the Helm of Bank Austria from Willibald Cernko
After having been board member of Bank Austria for ten years, Robert Zadrazil (45) will now step it up and replace Willibald Cernko (59) who will step down as of 1 March 2016. The bank speaks of a generation change.
January 18, 2016
VSE: US Interest Rate Decision Likely to Increase Appeal of Austrian Stocks
The Vienna Stock Exchange can look back at a year of solid developments on the stock market in 2015. The uptrend in equity trading volumes has now been sustained for more than two years: trading volumes were up by 24.3%; the ATX gained 11.20%, and innovations in bond trading were the highlights of the year. Market capitalization on the Vienna Stock Exchange reached EUR 86.28 billion in December 2015. This was a gain of 7.86% over the year-end figure of 2014.
December 18, 2015
VIG: Elisabeth Stadler to Replace Peter Hagen as CEO
Due to differences in opinion regarding the future strategic orientation and steering of the Group, Peter Hagen will be leaving his position as Chairman of the Managing Board of the Vienna Insurance Group on 31 December 2015. Elisabeth Stadler will become his successor.
December 2, 2015
Meinl Bank: Stephen Coleman to Become New CEO
Stephen Coleman will replace Günter Weiss, who must vacate his seat due to a ruling from the Austrian Financial Market Authority (FMA).
October 23, 2015
Erste Group Extends Andreas Treichl’s CEO Mandate to 2020
The Supervisory Board of Erste Group Bank AG extended Andreas Treichl’s mandate as Chairman of the Management Board until mid-2020.
September 17, 2015
BDO Austria Expands Consulting Expertise
Ten partners together with their teams have switched from a renowned Austrian competitor to BDO Austria. Thanks to this switch, BDO Austria is able to expand its consulting expertise in the areas of SMEs and family business.
September 10, 2015
Telekom Austria Appoints Alejandro Plater as CEO
Telekom Austria announces that its Supervisory Board has allocated the Chief Executive Officer responsibilities to Alejandro Plater (47) as proposed by the two majority shareholders América Móvil and Österreichische Bundes- und Industriebeteiligungen GmbH (ÖBIB). This appointment will be effective as of 1 August 2015.
July 24, 2015
Vienna Airport Supervisory Board Extends Management Contracts Until 2021
Listed Vienna airport operator reappoints Julian Jäger and Günther Ofner to the Management Board of Flughafen Wien AG.
June 23, 2015
Vodafone Germany Hires Ex-Telekom Austria CEO Ametsreiter
Ex-Telekom Austria CEO Hannes Ametsreiter, who terminated his contract 4 days ago, will take up the position of CEO of Vodafone Germany as of October 1, 2015.
June 19, 2015
Telekom Austria CEO Hannes Ametsreiter Resigns per 31 July 2015
Telekom Austria announced that its CEO Hannes Ametsreiter has prematurely terminated his contract. Rumor has it, that majority shareholder America Movil influenced the decision.
June 15, 2015
Bilderberg 2015: Full List of All 133 Participants
The full list of all 133 attendees to the top secret Bilderberg Group conference 2015 has been released (see below). The Austrians participating are René Benko, Oscar Bronner, Heinz Fischer, Alfred Gusenbauer, Erich Hampel, Wolfgang Hesoun, Gerhard Roiss, Rudolf Scholten and Karl Sevelda.
June 12, 2015 · Updated: June 12, 2015; 17:45
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