Vienna International Community - Top Executives - Latest Headlines

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

Cyprus Concludes Chairmanship of the OSCE Forum for Security Cooperation

The final session of the Forum for Security Co-operation (FSC) of the Organization for Security and Co-operation in Europe (OSCE) was chaired by Cyprus. Cyprus' engagement in the OSCE FSC impressively illustrates the value of dialog and multilateral cooperation, even in the most difficult times.

March 13, 2024

Raiffeisen Bank International Under Observation by U.S. Sanctions Authorities

Raiffeisen Bank International (RBI), a prominent financial institution based in Austria, is the focus of the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) due to its ongoing business relationship with Russia. OFAC has contacted the bank to request details of its transactions and processes related to Russia.

March 11, 2024

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

Vienna Airport Expands Cargo Traffic with Asia

Vienna Airport is setting new standards in international air cargo traffic through significant cooperation agreements with Incheon Airport in South Korea and the renowned airline Korean Air. These strategic alliances mark a decisive step towards increasing capacities and efficiency in the cargo sector between Europe and Asia and further strengthening Vienna's position as a leading hub in the air cargo industry.

February 28, 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

Financial Market Authority Initiates Investigations Against Raiffeisen Bank International

The Austrian Financial Market Authority (FMA) has launched an investigation into Raiffeisen Bank International (RBI). The focus is on possible deficiencies in the implementation of money laundering prevention measures, as can be seen from the bank's annual report published today.

February 25, 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

Greece Takes Over ICMPD Chairmanship from Türkiye: Reorientation of Migration Partnerships

At a ceremony in Brussels, the chairmanship of the steering group of the International Center for Migration Policy Development (ICMPD) was handed over from Türkiye to Greece. Under the motto "A holistic approach to balanced migration partnerships", high-level representatives came together to discuss the future direction of migration policy.

February 20, 2024

Michelin Guide Puts Austria's Cuisine Back on the Map

The MICHELIN Guide, one of the world's most renowned institutions for restaurant ratings, has announced that it will once again publish an Austria-wide selection of top restaurants from 2025.

February 15, 2024

Vienna Airport Focuses on Expansion: 420-Million-Euro Terminal Expansion Project Launched

The foundation stone for a comprehensive terminal expansion has been laid at Vienna Airport Schwechat. With a budget of 420 million euros, the airport will not only become larger but also more modern and customer-friendly by 2027.

February 14, 2024

Austria and Montenegro Strengthen Relations: EU Accession by 2028 in Sight

During an official visit to Vienna by Montenegrin President Jakov Milatović, Austria's Federal President Alexander Van der Bellen emphasized the importance of Western Balkan integration into the EU, with Montenegro leading the way. Given the Russian war of aggression against Ukraine, a "realistic prospect of accession" for these countries is now "more important than ever".

February 8, 2024

Austrian President Van der Bellen Visits Pioneering Integration Project "NACHBARINNEN in Vienna"

Federal President Alexander Van der Bellen emphasized the importance of integration and empowerment during his visit to the sewing workshop of the "NACHBARINNEN in Wien" association. The association, known for its successful work with migrant women, relies on the principle of self-empowerment and role models from their own culture to bring women and families with a migration background out of isolation.

February 7, 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

OPEC Fund: A Record Year for Development and Sustainability

The OPEC Fund for International Development has had an unprecedented year as the institution stepped up its global development assistance efforts, committing a record-breaking US$1.7 billion to 55 projects worldwide. These funds, designed to address the challenges of climate change, support the energy transition, and strengthen social and economic resilience, mark a turning point in the Vienna-based Fund's efforts to promote sustainable growth worldwide.

January 30, 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

Realignment and Expert Dialog: Austria's Path to Fair Competition

The new head of the Federal Competition Authority (BWB), Natalie Harsdorf-Borsch, has set herself the goal of taking stronger action against companies that abuse their market power. This focus marks a strategic reorientation of the BWB, which previously dealt primarily with price agreements and investigated fewer cases of abuse of market power.

January 28, 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

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

Austrians Show Trust in the Euro, Skepticism Towards its Digital Counterpart

According to a recent survey by the Austrian Society for European Politics (ÖGfE), 54% of Austrians trust the euro as a currency, while the digital euro is still awaiting broad acceptance. Paul Schmidt, Secretary General of the ÖGfE, analyzed these results in the context of the 25-year history of the euro and current European monetary policy.

January 10, 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

Vienna Stock Exchange Overcomes Challenges in 2023 with Record Bond Listings

The Vienna Stock Exchange experienced a challenging year in 2023, characterized by high interest rates, persistent inflation and geopolitical tensions affecting the European equity markets. Despite these unfavorable conditions, which impacted trading activity, the exchange achieved a record year for bond listings.

January 8, 2024

UNOOSA Calls for Increased Efforts to Combat Space Debris

Aarti Holla-Maini, the Director of the UN Office for Outer Space Affairs, is calling on governments and industry to accelerate voluntary guidelines for the sustainable use of outer space. With the increase in rocket launches and satellites, there is growing concern about the risk of dangerous collisions and the creation of space debris.

January 8, 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

UNOOSA Launches "Space Bridge" to Promote Global Space Dialogues

The United Nations Office for Outer Space Affairs (UNOOSA) has launched the "UNOOSA Space Bridge" under the leadership of Aarti Holla-Maini. This project was presented at the World Space Forum in Vienna and aims to strengthen global dialog to promote local action. The initiative aims to promote international expertise through targeted exchange programs and connect isolated areas of work.

January 2, 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

Ukraine Removes Raiffeisen Bank International from the List of "War Sponsors"

The Ukrainian government has temporarily removed Raiffeisen Bank International (RBI) from the controversial list of "war sponsors". This step follows intensive bilateral talks and consultations with representatives of the European Commission. RBI, which was previously criticized for its business activities in Russia and the recognition of the self-proclaimed Donetsk and Luhansk People's Republics by its Russian subsidiary, is now no longer suspected of supporting the Russian war of aggression.

December 17, 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

Controversy and Approval: Ümit Vural's Re-election as IGGÖ President

The re-election of Ümit Vural as President of the Islamic Religious Community in Austria (IGGÖ) shows both strong approval and significant controversy.

December 11, 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

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

Historic INTERPOL Meeting in Vienna Ends with Call to Fight Organized Crime

INTERPOL's 91st General Assembly in Vienna, held to mark the organization's 100th anniversary, ended with an urgent call to tackle the growing threat of transnational organized crime. The so-called "Vienna Declaration" outlines five priority measures to better support law enforcement agencies worldwide in the fight against this challenge.

December 3, 2023

Torture Criticism Against Interpol President in Vienna

Amid preparations for the four-day Interpol General Assembly in Vienna, which also celebrates the 100th anniversary of the founding of the International Police Organization, a serious charge has been brought against Interpol President Major General Ahmed Naser Al-Raisi. Two Britons, Matthew Hedges and Ali Issa Ahmad, have filed a criminal complaint in Vienna against Al-Raisi, who is accused of being responsible for the torture of numerous people during his time as head of the security forces in the United Arab Emirates.

November 30, 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

Revolutionizing E-Mobility in Austria: Introduction of the E-Control Tariff Calculator for E-Charging Stations

In a new initiative to promote e-mobility, the Austrian regulatory authority E-Control has introduced a new comparison calculator for public e-charging points.

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

Kosovo's Challenges and Progress under Prime Minister Albin Kurti

The head of government of Kosovo, Albin Kurti, was a guest at the Renner Institute in Vienna to talk about the challenges facing his country. Under the title "Kosovo: The young democratic state as a pawn of geopolitical interests", he not only took stock of his time in government so far in conversation with Director Maria Maltschnig but also explored the question of how his country can survive amidst the conflicting interests of geopolitical players.

November 16, 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

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