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Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
Climate Incentive Programs in the USA: A Magnet for Austrian and International Investors
At an information event in Austria, the U.S. Commercial Service and SelectUSA, together with the American Chamber of Commerce in Austria, provided important insights into the latest U.S. climate incentive programs. The event attracted a large number of Austrian and international investors who learned about the opportunities offered by the Inflation Reduction Act and the Bipartisan Infrastructure Law.
April 18, 2024
Vienna Stock Exchange Experiences First Record Quarter Despite Global Uncertainties
The Vienna Stock Exchange closed the first quarter of 2024 with a remarkable increase in bond listings, although the economic environment continues to be characterized by high-interest rates, the ongoing war in Ukraine and the Middle East, and high inflation. Despite these challenges, the exchange recorded a record 3,000 new listings, the best start to a year in its history.
April 14, 2024
Vienna to Host Austria's Honorary Consular Conference 2024
The Austrian capital Vienna was the center for the Honorary Consular Conference 2024, attended by around 200 honorary consuls from all over the world. The meeting, which takes place from April 10 to 12, is the first of its kind since 2015 and serves as a platform for the exchange and further development of consular practice.
April 14, 2024
Trade Seminar in Vienna on the Latest Regulatory Developments in the UAE
Diplomacy, business, and finance representatives gathered in Vienna for a seminar dedicated to the latest regulatory developments in the United Arab Emirates (UAE). Organized by the Embassy of the UAE in cooperation with Crowe UAE and the Austrian Arab Chamber of Commerce (AACC), the seminar provided a platform for an exchange on innovations in tax, corporate, and immigration law in the UAE. The event received special support through the participation of experts from the UAE Ministry of Finance and the Austrian Chamber of Commerce.
March 24, 2024
Austrian Economic Chamber: Opportunities and Challenges for Austria in Global Trade Dynamics
Against the backdrop of an increasingly interconnected global economy and the challenges posed by geopolitical tensions, Mariana Kühnel, Deputy Secretary General of the Austrian Federal Economic Chamber (WKÖ), emphasized the critical role of international trade for the Austrian economy. On the occasion of the Market Access Day in Vienna, she spoke about the need to secure access to global markets and open the doors to international sales markets, especially for small and medium-sized enterprises (SMEs).
March 21, 2024
Francophonie Forum in Vienna: A Bridge Between Culture, Business and Sport
An event took place in Vienna that underlined the cultural and economic importance of the Francophonie. The Austrian Federal Economic Chamber (WKÖ), in close cooperation with the French Embassy in Austria and the French-Austrian Chamber of Commerce (CCFA), organized the forum "L'industrie du sport parle français" ("The sports industry speaks French").
March 21, 2024
Harmony and Dialogue at the Interreligious Iftar in Vienna
In an impressive demonstration of unity, Foreign Minister Alexander Schallenberg and the President of the Islamic Religious Community in Austria (IGGÖ), Ümit Vural, hosted an unprecedented interfaith iftar. The event, which took place in the historic Palais Niederösterreich, brought together representatives of different religious communities and personalities from politics, science, and diplomacy.
March 20, 2024
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