Vienna International Community - Top Executives - Latest Headlines
Read updated news about key executives in Vienna's international community
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
Signa Insolvency: Ex-managers to be Liable for One Billion Euros
Insolvency administrator Norbert Abel is stepping up the pace in the case surrounding the spectacular insolvency of Signa Prime Selection AG: 13 months after filing for insolvency at the end of November 2023, letters of liability were sent to former members of the company's Management Board and Supervisory Board shortly before the turn of the year.
January 9, 2025
Vienna's Club Scene Between Crisis and Innovation: Saving the Capital's Nightlife from Dying Clubs
Vienna's club scene is coming under increasing pressure: rising prices, new nightlife habits, and the densification of urban space are creating an uncertain future. At the same time, local players are focusing on creative approaches to preserve the diversity of nightlife culture and offer clubs a future. A detailed look at the current challenges and planned measures shows how fragile and at the same time adaptable Vienna's nightlife is.
January 7, 2025
Discussion on Europe's Future after Trump's Re-election at the Burgtheater Vienna
Donald Trump's re-election is causing a stir not only in the USA but also in Europe. While right-wing parties are celebrating Trump's victory as confirmation of their political agenda, liberal forces are concerned about the potential impact on transatlantic relations. It is precisely this area of tension that is the focus of a high-profile panel discussion at the Burgtheater in Vienna.
January 7, 2025
UN General Assembly Adopts Cybercrime Convention: A Step for UNODC for International Security
In a unanimous decision, the United Nations General Assembly adopted the first international cybercrime convention. Hailed by many as a historic achievement, this convention marks the first UN agreement on crime-related issues in over 20 years. In an increasingly digitalized world, the new convention aims to strengthen international cooperation in the fight against cybercrime and shape a safer digital future.
January 2, 2025
Financial Fraud as a “Growth Industry”: Record Losses and New Scams According to the Austrian Financial Market Authority
The Financial Market Authority (FMA) is sounding the alarm: financial fraud has developed into a real “growth industry”. According to the authority's latest figures, the total loss reported by financial fraudsters in 2024 amounted to around 15.5 million euros - an increase compared to the previous year, when the figure was 12.8 million euros. The dramatic increase in crypto-based fraud cases is particularly worrying. According to the FMA, the majority of these fraud cases could indicate that illegal financial markets are increasingly attracting the attention of criminals.
December 23, 2024
Japan's Ambassador Ryuta Mizuuchi Ends his Term of Office in Austria
A total of 167 guests from the worlds of politics, diplomacy, business, culture, and science gathered at the Hotel InterContinental Vienna to bid a worthy farewell to the Japanese Ambassador H.E. Ryuta Mizuuchi and his wife Dr. Akemi Mizuuchi.
December 22, 2024
The Marsalek Espionage Case: A Web of Intrigue and Agents
The espionage affair surrounding former Wirecard manager Jan Marsalek has developed into one of Europe's biggest secret service scandals. New revelations show how deep and widely ramified the network of the fugitive manager, who is said to be operating on behalf of Russian intelligence services, is. The case reveals not only a complex network of agents and connections but also an alarming security situation in Austria and beyond.
December 22, 2024
Poland and Austria Network in the Field of Fintech and Finance
The Polish Embassy in Vienna hosted the conference “Poland and Austria: cooperation and exchange of expertise. Fintech and finance” took place. The event brought together many experts, industry representatives, and decision-makers from Poland and Austria. The aim was to network the dynamically growing Polish fintech sector with the stable and well-regulated Austrian financial market and explore potential cooperation areas.
December 18, 2024
Westbahn Expands Offer: New Overnight Connection from Vienna to Salzburg
With the timetable change on December 15, 2024, the Westbahn is introducing a significant innovation: a daily night connection from Vienna to Salzburg. This additional late-night connection is aimed in particular at commuters, night owls, and travelers who want to travel comfortably from Vienna to the West even late at night.
December 16, 2024
New Flight Connection Between Vienna and Chengdu Inaugurated
Hainan Airlines links Europe and Asia with a new direct flight route between Vienna and Chengdu. The opening of the route was attended by a prominent delegation, including Qi Mei, Ambassador of the People's Republic of China to Austria, Julian Jäger, CEO of Flughafen Wien AG, Meng Fanzhuang, Counselor of the Chinese Embassy, and Zhang Zhuo, General Manager Austria of Hainan Airlines. The event marks another milestone in the bilateral relations between Austria and China.
December 12, 2024
OMV Terminates Gas Supply Contract with Gazprom
OMV has terminated its long-term gas supply contract with the Russian energy group Gazprom with immediate effect. According to OMV, this was due to “fundamental breaches of contract” by Gazprom, in particular, because no gas deliveries have taken place since November 16, 2024. This decision represents a turning point in Austrian energy policy and marks the end of a business relationship that has lasted over 50 years.
December 11, 2024
Jewish Museum Vienna Kicks Off Anniversary Year with Gala in New York
A special gala dinner was held in the elegant rooms of Christie's New York to mark the start of the 130th anniversary year of the Jewish Museum Vienna. This exclusive event brought together important personalities from the worlds of culture, business, and diplomacy and paid tribute to the historical significance of the world's first Jewish museum, which opened in Vienna in 1895.
December 3, 2024
Igor Strehl Launches Dunaj Family Office Consulting in Vienna
With the founding of Dunaj Family Office Consulting 24/7 GmbH, Igor Strehl, an experienced expert in the field of financial and real estate management, is establishing a new player in the Austrian consulting landscape. The company, which specializes in investments, relocations, and property management, is positioning itself as a comprehensive service provider and trustworthy partner for private and institutional clients in Austria.
December 2, 2024
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
December 2, 2024
Cultural Bridge between Austria and Japan: Schönbrunn Palace and Himeji Castle Enter Into Partnership
Two of the most important UNESCO World Heritage Sites in the world, Schönbrunn Palace in Vienna and Himeji Castle in Japan signed a partnership agreement. This cooperation aims to preserve cultural treasures, exchange knowledge, and promote sustainable tourism and cultural education. The signing ceremony took place in the magnificent White and Gold Rooms of Schönbrunn Palace and was attended by high-ranking representatives from both countries.
December 2, 2024
New Institute in Vienna with Conference on Artificial Intelligence and the Future of Society
The luxury hotel SO/Vienna opened its doors for an event on the technological future: “AI & The Future: The Age of Machines” by a new think tank in Vienna, the Vienna Institute for Global Studies.
November 28, 2024
Focus on European and Global Economic Interdependencies: 21st Vienna Economic Forum 2024
High-ranking representatives from business and politics gathered at the House of Engineers in Vienna to take part in the 21st Vienna Economic Forum - Vienna Future Dialogue 2024. Under this year's motto “Regional economy as part of the European and global economy”, the forum was all about economic and political dialog. The event provided a platform for analyzing the challenges of the present and working together to develop paths for a sustainable future.
November 21, 2024
Lower Austria's Schoeller-Bleckmann Oilfield Equipment AG Records Significant Drop in Profits
Schoeller-Bleckmann Oilfield Equipment AG (SBO), a leading global supplier of specialized equipment for the oil and gas industry, recorded a significant decline in net profit in the first three quarters of 2024. With a slump of 38 percent, profit fell to 34.4 million euros, highlighting the challenges of a volatile market and geopolitical uncertainties.
November 21, 2024
Celebrities and Journalists from Austria, Europe and America Leave X
The once important platform Twitter, now known as X, is experiencing a massive decline in prominent users. While international personalities such as Stephen King or media outlets such as the British Guardian have announced their departure, the exodus is also becoming visible in Austria. Numerous opinion leaders and journalists have closed their accounts under the hashtag #eXit.
November 17, 2024
Official Commemoration of November Pogroms Overshadowed by Protests Against Walter Rosenkranz
Vienna remembers the November pogroms of 1938: a moving light installation and memorial events at the Shoah Wall of Names commemorate the more than 65,000 Jewish victims in Austria. However, the official commemoration was overshadowed by controversy when National Council President Walter Rosenkranz (FPÖ) met with resistance.
November 10, 2024
Austria's National Bank Chief: Budget Coffers are Filling Up Again
Robert Holzmann, Governor of the Oesterreichische Nationalbank, sees the high inflation of recent years as a major challenge for Austrian savers. Now that salaries have risen and household budgets are being replenished, he nevertheless urges caution. For a sustainable economic upturn, he says, consumer and investor confidence is essential.
November 10, 2024
Austrian Construction Group Strabag Fined Millions in Germany for Cartel Agreements
Austria's largest construction group, STRABAG SE, is again in the headlines due to cartel allegations. The German Federal Cartel Office has imposed a hefty fine of 2.79 million euros on STRABAG AG, a subsidiary of STRABAG SE, headquartered in Cologne. The reason for the fine is an illegal bidding agreement in connection with the renovation of the famous Zoobrücke bridge in Cologne.
November 6, 2024
Intense Debates and Optimistic Solutions at the Vienna Migration Conference 2024
The annual Vienna Migration Conference (VMC), organized by the International Centre for Migration Policy Development (ICMPD), took place at Palais Liechtenstein and brought together more than 300 leading representatives from politics, academia, business, and civil society to debate current and future challenges in migration policy.
November 4, 2024
Anti-Semitism in Austria: IKG Records Dramatic Increase in Anti-Semitic Incidents
The Jewish Community Vienna (IKG) warns of a worrying increase in anti-Semitic incidents in Austria. In the first half of 2024, the IKG's anti-Semitism reporting office registered a total of 808 anti-Semitic attacks and threats - an increase of around 160 percent compared to the previous year.
October 30, 2024
Moldova and the UAE Launch Space Technology Projects with UNOOSA and MBRSC
In a major international collaboration, the United Nations Office for Outer Space Affairs (UNOOSA) and the Mohammed Bin Rashid Space Centre (MBRSC) announced the winners of the second round of the Payload Hosting Initiative (PHI): the Technical University of Moldova (TUM) and the start-up Madari Space Limited from the United Arab Emirates (UAE).
October 29, 2024
Insolvency of Viennese Real Estate Developer Lukas Neugebauer and his LNR Group
Another Austrian real estate company has been hit by insolvency. Bankruptcy proceedings have now been opened at the Vienna Commercial Court over the assets of Viennese real estate developer Lukas Neugebauer and his LNR Group. The bankruptcy affects both B&R Generalunternehmer GmbH and LNR Development GmbH, two central companies in Neugebauer's real estate conglomerate. The insolvency affects 32 creditors who have claims totaling 94 million euros. The creditors have until December 30, 2024, to assert their claims.
October 23, 2024
Austria Strengthens Partnership With Yad Vashem in the Fight Against Anti-Semitism
Dani Dayan, Chairman of the Jerusalem Holocaust Memorial Yad Vashem, visited Vienna to strengthen the close partnership between Israel and Austria. Dayan met with both Federal President Alexander Van der Bellen and Federal Chancellor Karl Nehammer. Both emphasized the importance of continued cooperation in the fight against anti-Semitism and in preserving the memory of the Shoah.
October 20, 2024
Music Giants Rock the Cineplexx Cinemas: A Trend Excites Austria
Concert films and music biographies bring the biggest stars to the big screen, creating a very special cinematic experience. Among others, Coldplay's “Moon Music” and Whitney Houston's “Durban Concert” celebrated great success. These films not only offer high-resolution picture and sound quality but also allow fans to experience their favorite artists' concerts together without the inconvenience of a live event.
October 15, 2024
Signa Insolvency: Controversial Loan from the Laura Private Foundation
The insolvency of Signa, under the leadership of René Benko, continues to cause a stir. Particularly controversial is a loan that the Laura Private Foundation, which Benko and his mother back, granted to Signa Holding six weeks before the insolvency filing in November 2023. Trustee in bankruptcy Christof Stapf considers the transaction detrimental to the holding company and seeks to have it set aside by the court and claim damages.
September 26, 2024
European Health Forum Gastein 2024: Health Policy in the Context of Democracy, Demography and Digitalization
The 27th European Health Forum Gastein (EHFG) is one of the most important health policy conferences in Europe. For four days, more than 1200 participants from science, civil society, industry and the public sector will meet to discuss current challenges in the field of health policy. The conference is dedicated to the complex interplay of the “3D” trends: democracy, demography and digitalization.
September 24, 2024
Glock Ecotech Delivers Green Energy to Japan to Promote Sustainability
The Austrian company Glock Ecotech has secured an important project in Japan. As part of a partnership with the Japanese company Eishin Co., Ltd., Glock Ecotech supplies 18 modern Glock CHP 50 thermal power plants to Tokamachi in Niigata Prefecture. This major project will start in the first half of 2025 and marks an important step in Japan's efforts to reduce fossil fuels and become climate-neutral.
September 24, 2024
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