Sponsored Content
Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
Russian Court of Appeal Confirms Billion-Dollar Fine Against Raiffeisen Subsidiary
A Russian appeals court in St. Petersburg has confirmed the decision of a court of first instance, according to which the Russian subsidiary of Raiffeisen Bank International (RBI), AO Raiffeisenbank, must pay over two billion euros to the Cypriot company Rasperia Trading Limited. However, this could also mean two exemptions at the same time - and one of them in Austria.
April 24, 2025
Austrian Company Palmers: Hope for Rescue by International Investor
The traditional Austrian underwear manufacturer Palmers, which had to file for insolvency in February 2025, may be about to be rescued by a foreign investor. The regional court in Wiener Neustadt has decided that the company can continue to operate for now, but financial support is urgently needed.
April 24, 2025
Pope Francis Deceased: Expressions of Grief From Austria
Pope Francis died on Easter Monday at the age of 88. As the Vatican confirmed, the Holy Father succumbed to the consequences of a stroke. The world is mourning the loss of a head of the Church who championed social justice, interreligious dialogue, and a church of closeness like no other. Many voices of grief and condolences have also been heard from Austria.
April 21, 2025
Austria Wants to Attract U.S. Researchers to Europe as a Science Location
In view of drastic cuts in research funding by the US government under President Donald Trump, the American scientific landscape is currently experiencing considerable turbulence. This development offers European countries, especially Austria, the opportunity to attract highly qualified researchers and strengthen their own research location.
April 17, 2025
IAEA Director General Rafael Grossi Visits China
During a week-long visit to China, Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), achieved significant progress in enhancing cooperation between the IAEA and China. The discussions focused on promoting the peaceful use of nuclear energy, supporting sustainable development in the Global South, and advancing innovative nuclear technologies.
April 15, 2025
Tyrolean Biotech Company Cyprumed Closes 493 Million Dollar Deal with American MSD
The Innsbruck-based biotechnology company Cyprumed GmbH is making international headlines with a multi-million dollar license deal: Together with the U.S. pharmaceutical group MSD (Merck & Co., Inc.), the company has signed an agreement worth up to 493 million US dollars. The aim is to develop innovative tablet formulations for peptide drugs - a potential game changer in modern drug therapies.
April 15, 2025
Austrian Securities Ownership Reaches New Heights
A recent survey reveals a significant increase in the number of Austrians investing in securities, highlighting a shift towards private pension planning amid economic challenges.
April 9, 2025
Economic Dialogue with a Signaling Effect: China and Austria Intensify Cooperation
Economic relations between the People's Republic of China and Austria have taken a significant step forward. The focus was on the official visit of a high-ranking Chinese business delegation led by Ren Hongbin, President of the China Council for the Promotion of International Trade (CCPIT), accompanied by intensive talks with political decision-makers, entrepreneurs, and institutions in Vienna.
April 7, 2025
Polish Diplomats Discuss New Geopolitical Reality at Conference in Vienna
Under the title “European Security in the New Geopolitical Reality”, political and diplomatic representatives, as well as experts, gathered to discuss Europe's security policy challenges in times of global upheaval. The conference, organized by the Polish Embassy in Vienna and the Institute for the Danube Region and Central Europe (IDM), sent a strong signal about the need for a common European course.
April 2, 2025
China's Ambassador Visits the Austrian Theatres-Holding in Vienna
The recent visit of Chinese Ambassador Qi Mei to the Bundestheater-Holding underlines the increasing importance of cultural exchange between Austria and China. The focus is on joint theater projects, artist exchanges, and the strengthening of bilateral relations in the performing arts.
April 2, 2025
Taxes Rising, Deficit Growing: Austria Faces EU Criminal Proceedings
Austria is threatened with EU deficit proceedings - at 4.7 percent of GDP, the budget deficit is well above the Maastricht limit. To counteract this, the federal government is taking the first noticeable steps - above all, tax increases on tobacco, betting, e-vehicles, and court fees. However, experts warn that the road to budget consolidation is rocky and politically explosive.
April 1, 2025
India and the IAEA Intensify Cooperation: Focus on Nuclear Energy for Development and Health
During a high-level visit to India, Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), is strengthening cooperation with New Delhi in the areas of nuclear energy, training and the fight against cancer. A new hub for cancer treatment, a course in nuclear technology, and a clear geopolitical signal are the focus.
April 1, 2025
Ambassador Qi Mei Visits the University of Vienna: Sinology as a Bridge between China and Austria
In the spirit of bilateral relations between China and Austria, the Chinese Ambassador to Austria, Qi Mei, paid an official visit to the Department of East Asian Studies and Sinology at the University of Vienna. Her visit underlined the growing importance of academic exchange and intercultural understanding in an increasingly interconnected world.
April 1, 2025
Vienna as a Safe Haven for Ukrainian Corruption Suspects
In recent years, Vienna has become a preferred retreat for Ukrainian citizens who are wanted in their home country on corruption charges. Among them are high-ranking personalities such as the former head of the National Bank, Kyrylo Shevchenko, a former deputy minister, the chairman of a state-owned arms company, a former member of parliament, and several oligarchs. Austria's cautious extradition practice compared to countries such as Germany or Poland contributes to this trend.
March 31, 2025
Signa Insolvency: Trustee in Bankruptcy Demands the Return of Gifts From Nathalie Benko
Real estate and trading mogul René Benko has been in custody in the Vienna-Josefstadt prison since January 24, 2025. Meanwhile, bankruptcy trustee Andreas Grabenweger is trying to shed light on the complex asset structures surrounding the Signa Group and uncover possible asset shifts.
March 24, 2025
Significant Increase in Terrorism and Youth Crime Cases in Vienna
Vienna is facing a noticeable increase in terrorism and youth crime cases. Recent figures from the Public Prosecutor's Office reveal a sharp rise over the past two years. What factors are driving this development, and how are authorities responding? Here’s what the authorities know so far.
March 20, 2025
Meet Andrew Williams: New Zealand's New Top Diplomat in Austria
Andrew Williams took up his post as New Zealand's Ambassador to Austria and Permanent Presentative to the International Organization in Vienna. His impressive career in the diplomatic service and his expertise in international law make him a prominent figure on the international stage.
March 20, 2025
Swarovski Back on the Road to Success: Lux-Ignite Strategy Shows Results
After years of challenges, the Tyrolean crystal group Swarovski is back on the road to success. For the first time in five years, the company is in the black and recorded a significant increase in sales in the 2024 financial year. Thanks to the ambitious Lux-ignite strategy and a strong fourth quarter, CEO Alexis Nasard succeeded in returning the long-established company to profitability. But it was not an easy road.
March 20, 2025
Economic Forum in Vienna: Poland and Austria in Dialogue on Security and Economy
As part of the Polish EU Council Presidency, the high-caliber forum “Ensuring Security and Freedom of Business - Polish and Austrian Perspectives” took place at the headquarters of the Austrian Federal Economic Chamber (WKÖ). The event, which was organized by the Polish Embassy in Vienna in cooperation with the WKÖ, brought together over 130 representatives from public institutions, business organizations, and various industries from both countries. The event aimed to discuss current challenges and opportunities in the areas of energy security, digital transformation, and economic policy at the EU level.
March 19, 2025
UN High Commissioner Volker Türk: Israel's Settlement Construction in the West Bank Condemned as a War Crime
The UN High Commissioner for Human Rights, Volker Türk, has sharply criticized Israel for accelerating settlement activity in the occupied Palestinian territories and described it as a war crime. A recent report by his office documents numerous violations of international law by Israel. “The transfer of parts of its civilian population into the territory occupied by Israel is tantamount to a war crime,” explained Türk.
March 18, 2025
UNODC Reports That Opium Prices in Afghanistan Reach Historic Highs
The price of opium in Afghanistan soared to $750 per kilogram in 2024, marking a tenfold increase compared to the $75 per kilogram price in 2022 before the country’s de facto authorities imposed a strict drug ban. This data comes from a new report released by the United Nations Office on Drugs and Crime (UNODC).
March 14, 2025
Increasing Risk of Espionage for Austrian IT Companies
Austrian companies are increasingly being targeted by foreign intelligence services. According to a recent study by the Directorate of State Security and Intelligence (DSN) in the Ministry of the Interior, which was carried out in cooperation with the Chamber of Commerce and the Federation of Austrian Industries, almost one in ten companies stated that they had already been the victim of espionage. The IT sector is particularly affected. Experts also assume that the number of unreported cases is high.
March 13, 2025
Westbahn Expands: New high-speed Connection on the Southern Line From 2026
Westbahn is taking the next big step: From March 1, 2026, the private railroad company will offer five daily train connections between Vienna and Villach via the newly constructed Koralm Railway. With modern high-speed trains and a fast direct connection, Westbahn represents a serious alternative to ÖBB - especially for commuters and business travelers.
March 13, 2025
Japan Business Talk: Lower Austria Prepares for Expo 2025 in Osaka
Lower Austria is intensifying its economic relations with Japan: At the “Japan Business Talk” event, high-ranking representatives from politics, science, and business discussed the opportunities and challenges of cooperation. The background to this is the upcoming business delegation trip to Expo 2025 in Osaka-Kansai.
March 12, 2025
ICMPD Director General Meets Ukrainian Deputy Prime Minister
Michael Spindelegger, Director General of the International Centre for Migration Policy Development (ICMPD), met with Ukrainian Vice Prime Minister Oleksiy Chernyshov to discuss enhanced cooperation. Key topics included support for Ukrainian refugees, the work of the newly established Ministry of National Unity, and ICMPD’s role in migration policy.
March 11, 2025
Vienna Stock Exchange Reviews 2024 with Record-Breaking Developments and Strategic Initiatives
The year 2024 will go down in the history of the Vienna Stock Exchange as a year of upswing and trend-setting developments. After a rather subdued previous year, the Austrian capital market recorded impressive growth figures in several areas. Particularly noteworthy are the significant increase in share turnover, a new record for bond listings, and the implementation of strategic measures to further strengthen the Vienna Stock Exchange as an important financial center in Europe.
March 11, 2025
Innovative Solutions for Inclusive Employment and ICT: The Zero Project Conference 2025 in Vienna
The future of inclusion and accessibility is being shaped by innovation and collaboration. In an increasingly digitalized world, ensuring equal opportunities for people with disabilities has become a crucial global priority. The Zero Project Conference 2025, held at the United Nations Office in Vienna with over 120 sessions and 360 speakers, served as a platform for exchanging ideas, presenting pioneering technologies, and fostering global partnerships to drive change.
March 10, 2025
Vienna Plan 2035: Urban Development Without New Building Areas
The new Urban Development Plan 2035, known as the “Vienna Plan”, has been officially presented. It sets out the framework for the city's spatial development in the coming years and takes particular account of the forecast population growth. One decision in particular is surprising: No new large urban development areas are planned for the time being and the focus will be on sustainability and climate protection.
March 6, 2025
Austrian Airlines Reports Weaker Result Despite Passenger Growth
Austrian Airlines (AUA) was able to increase its passenger numbers, the number of flights, and revenue by five percent in 2024. Nevertheless, the airline recorded a significant decline in its adjusted operating result (Adjusted EBIT), which fell by 40 percent to EUR 76 million. The Lufthansa subsidiary explained this with special one-off effects such as strikes in the first quarter and high costs as a result of geopolitical developments.
March 6, 2025
New Economics Minister Hattmannsdorfer Against the Deindustrialization of Austria and Europe
Dr. Wolfgang Hattmannsdorfer (ÖVP) sent out a signal for the importance of industry in Austria with his first official company visit as Minister of Economic Affairs. The trip took him to his hometown of Linz to voestalpine, where he emphasized that the business location is facing decisive challenges. The new minister assured that “the stop button for industrial migration” would be pressed with the new government program.
March 5, 2025
UN in Vienna Warns: Europe Poorly Prepared for Dangerous Synthetic Drugs
The rapid spread of synthetic drugs poses a growing threat to public health and is fundamentally changing global drug black markets. The United Nations International Narcotics Control Board (INCB) in Vienna warns in its latest annual report that Europe is ill-prepared for this danger and that a coordinated, determined strategy is needed to combat the threat.
March 4, 2025
A New Chapter for Austria: The Faces of the Federal Government 2025
The inauguration of the new federal government marks the beginning of a new era in Austrian politics. For the first time, a three-party coalition of the ÖVP, SPÖ, and NEOS, led by Federal Chancellor Christian Stocker (ÖVP), is in power. He is joined by Vice-Chancellor Andreas Babler (SPÖ) and Foreign Minister Beate Meinl-Reisinger (NEOS). The new government has 21 members in total. But who are the people who will steer the country's destiny in the coming years?
March 3, 2025
New General Manager at Park Hyatt Vienna: Bastian Baumann Takes Over the Luxury Hotel
The renowned Park Hyatt Vienna will have a new General Manager from the beginning of 2025: Styrian-born Bastian Baumann will take over the management of the luxury hotel, bringing with him an impressive international career. After several positions in the Middle East, Asia, and Europe, he is now returning to Austria to lead the Hotel am Hof into the future with fresh ideas and a clear focus on the highest quality of service.
March 3, 2025
Glitter, Waltzes and Celebrities: The Vienna Opera Ball 2025 as a Social Highlight
The Vienna State Opera was again transformed into a magnificent ballroom and offered over 5,000 guests a glittering ball night that lasted until the early morning hours. This year, the Vienna Opera Ball 2025 was dedicated to the 200th birthday of Johann Strauss, the “Waltz King”, and offered a glamorous mix of top-class artistic performances, celebrity guests, and festive elegance.
February 28, 2025
Future of KTM and Pierer Industrie AG on the Brink
The coming days could be decisive for the renowned Austrian motorcycle manufacturer KTM and its parent company, Pierer Industrie AG. While KTM wants to secure its future with a comprehensive restructuring plan, Pierer Industrie AG faces a groundbreaking creditor decision as part of a restructuring procedure applied for the first time in Austria. In addition, geopolitical factors and global economic developments play a key role in the continued existence of the Group.
February 20, 2025
ÖBB and Federation of Austrian Industries Demand 500 billion Euros from Brussels for European Rail Expansion
In a joint initiative, the CEO of the Austrian Federal Railways (ÖBB), Andreas Matthä, and the Chief Economist of the Federation of Austrian Industries (IV), Christian Helmenstein, have called on the European Union to invest around 500 billion euros in the modernization and expansion of rail infrastructure by 2030. This appeal was presented to MEPs in Brussels.
February 18, 2025
EAVISTA Takes Over card complete: Bank Austria and RBI Sell Their Shares
The Austrian credit card company card complete Service Bank AG has a new majority shareholder. UniCredit Bank Austria and Raiffeisen Bank International (RBI) have sold their shares in the company to EAVISTA Beteiligungsverwaltungs GmbH.
February 17, 2025
Failure of the Coalition Negotiations Between the FPÖ and ÖVP: Relieving Reactions and a Sobering Outlook
The coalition negotiations between the Freedom Party of Austria (FPÖ) and the Austrian People's Party (ÖVP) have failed. Following a meeting with Federal President Alexander Van der Bellen, FPÖ leader Herbert Kickl announced that he had resigned from the government. The main point of contention was the distribution of ministries, particularly the interior and finance portfolios, which both parties claimed for themselves.
February 13, 2025
Steyr Arms Pushes Expansion - Austria as a Location in Danger?
The Austrian arms manufacturer Steyr Arms, part of the Czech investment group RSBC since 2024, is planning extensive expansion in the US and European markets. At the same time, the site in Austria is coming under pressure as export licenses are being delayed. While the company management wants to secure the future of the traditional business with new strategic decisions, a relocation could be considered.
February 11, 2025
Austria at Unprecedented Low in International Corruption Ranking
Political scandals, a lack of transparency and structural deficits have brought Austria to a new low in the international corruption index. Transparency International is sounding the alarm and calling for far-reaching reforms to restore trust in the rule of law.
February 11, 2025
PaN President Hermann Mückler Awarded Golden Medal of Honor for Services to the State of Vienna
Prof. Dr. Hermann Mückler, President of the umbrella organization of all Austrian-foreign societies (Partner aller Nationen, PaN), was awarded the Golden Medal of Honor for Services to the State of Vienna. The festive ceremony took place in the magnificent Coat of Arms Hall of Vienna City Hall. The award was presented by Member of Parliament Dr. Ewa Samel on behalf of the Governor of Vienna, Dr. Michael Ludwig.
February 10, 2025
Shock for Austrian Foreign Trade: Weak Demand from Abroad Depresses Exports
The Austrian economy is facing a new challenge: exports slumped more sharply in November 2024 than they have for years. In particular, weak demand from Germany and the EU is causing concern - experts are warning of long-term consequences for industry and the labor market.
February 7, 2025
Labor Market in Austria 2024: Number of Vacancies Significantly Decreased
The Austrian labor market is facing an apparent contradiction: while companies are complaining about an acute shortage of skilled workers, vacancies fell significantly in 2024. Rising unemployment figures meet unfilled positions, and many industries are struggling with economic uncertainties. What is behind this development?
February 6, 2025
Vienna Hosted European Cities Conference on Democracy
Two-day summit fosters exchange on citizen participation and democratic innovation. The event served as a platform for exchanging ideas, sharing best practices, and forging new alliances.
February 3, 2025
Slovenia Takes over the Presidency of the International Commission for the Protection of the Danube River
Slovenia has officially assumed the presidency of the International Commission for the Protection of the Danube River (ICPDR) for 2025. Dr. Lidija Globevnik, Director-General of the Slovenian Water and Marine Directorate at the Ministry of Natural Resources and Spatial Planning, succeeds the previous Slovak President, Vladimír Novák. The annual rotation of the presidency highlights the ICPDR's ongoing commitment to sustainable and coordinated water management in the Danube region.
February 3, 2025
Austria's Industry and Economy under Pressure: Economic Experts Discuss Solutions
The situation in Austrian industry has deteriorated continuously since mid-2021. The Federation of Austrian Industries (IV) is now issuing an urgent warning about the consequences of this development. “Industry is in a bleak situation,” explained IV chief economist Christian Helmenstein. There is no sign of a recovery shortly, which is seriously jeopardizing the competitiveness of the location and the prosperity of the country.
February 2, 2025
Ex-ÖBB Boss Christian Kern Criticizes German Railways: “It Will Never Work Out Like This”
The ongoing problems at Deutsche Bahn (DB) are again causing sharp criticism. This time, the former head of the Austrian Federal Railways (ÖBB) and former Chancellor of Austria, Christian Kern, is unusually outspoken about the situation of the German state-owned company.
January 29, 2025
Austria's Security Situation: Publication “Risk Report 2025” Presented
The Federal Ministry of Defense presented the publication “Risikobild 2025 - Gewählt! Democracy and the free world”. This annual analysis highlights the greatest security policy challenges facing Austria and Europe in the coming months. With contributions from numerous experts, the publication provides a comprehensive overview of risks such as the erosion of the rules-based world order, hybrid threats, and the consequences of the so-called “super election year 2024”.
January 27, 2025
Austria Signs Letter of Intent for Southern Hydrogen Corridor
In a pioneering initiative, Austria, Italy, Germany, Algeria, and Tunisia signed a declaration of intent for the construction of the “SouthH2 Corridor” in Rome today. This pioneering infrastructure project will transport green hydrogen from North Africa to Europe over a distance of 3,300 kilometers and make the continent's energy supply more sustainable and independent.
January 21, 2025
Susanne Raab: Austria's Candidate for the Head of the ICMPD
The Austrian Federal Minister for Women, Family, Integration, and Media, Susanne Raab, has officially announced her candidacy as Director General of the International Center for Migration Policy Development (ICMPD). After the end of the current government, Raab intends to continue her career at the international level. The election for the new head of the ICMPD will take place in spring 2025 by the representatives of the 21 member states.
January 12, 2025
Fast News Search
This category only
