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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

Austria Backs Microelectronics: Three billion Euros Investment and AT&S Lighthouse Project

The Austrian government has made a firm commitment to support the microelectronics industry with three billion euros of investment over the coming years. These bold investments will help to promote the research and development of semiconductor companies in Austria and strengthen the foundations for digitalization, green energy transition, and sustainable growth.

November 2, 2023

Discussion on European Elections 2024 with Prominent Guests

In Vienna, a significant event was held at the House of the European Union to kick off the 2024 European elections. Among the renowned speakers were Dr. Othmar Karas, First Vice President of the European Parliament, Dr. Thomas Zehetner from WWF, and Dr. Clemens Pig from the Austria Press Agency (APA). The discussion focused on four central topics: Democracy, Climate Protection, Digitalization, and Education. In parallel, the new initiative "gemeinsamfuer.eu" was presented.

October 30, 2023

Ukraine Will Block Gas Transit: Challenges and Opportunities for OMV and Europe

Ukraine's decision to stop transiting Russian natural gas to the West from 2025 poses a significant challenge for OMV and for several European countries. The announcement, made by the head of Ukrainian energy company Naftogaz, Olexiy Chernyshov, raises several questions about energy security and dependence on Russian gas.

October 29, 2023

APG Invests Nine Billion Euros in Austria's Electricity Grid

Austrian Power Grid (APG) has unveiled an ambitious €9 billion investment program designed to lay the foundation for a supply-secure energy transition in Austria. The company, a subsidiary of Verbund AG, thus plays a central role in the transformation of the Austrian energy supply system.

October 24, 2023

Wien Energie Strengthens Independence By Reducing Russian Gas

With the start of the heating season in Vienna, ushered in by a sudden drop in temperatures after an unusually warm start to October, the essential issue of energy supply security is once again coming to the fore. In light of ongoing geopolitical tensions, Wien Energie, Austria's largest energy supplier, has taken proactive measures to secure heating supplies for the coming winter while reducing dependence on Russian natural gas.

October 22, 2023

Austria's Growing Potential: MCF Energy's Welchau Gas Prospect

Austria could be on the verge of a breakthrough in its quest for energy security with the announcement of further developments regarding the Welchau gas prospect. MCF Energy Ltd. has confirmed plans to commence drilling at the Welchau site in Austria during Q4 2023.

October 18, 2023 · Updated: October 18, 2023; 20:00

EX-FPÖ Defense Minister Herbert Scheibner: Shadow Diplomacy in Syria and Iran

In the summer of 2019, when Syria's President Bashar al-Assad was acting with extreme brutality against the rebels in Idlib, former FPÖ Defense Minister Herbert Scheibner went on a trip to Syria. He met high-ranking representatives of the Assad regime in Damascus and later visited the Iranian ambassador in Vienna. But what drove Scheibner to these meetings?

October 9, 2023

OMV and Wood Sign Agreement to License Plastic Recycling Technology

In a move to promote the circular economy and reduce plastic waste, Vienna-based OMV and UK-based Wood have signed an exclusive cooperation agreement to commercially license OMV's ReOil technology. This agreement was reached at ADIPEC, the world's largest energy conference in Abu Dhabi, and is designed to drive progress in chemical plastic recycling.

October 3, 2023

Federation of Austrian Industries: New Divisional Managers in "Education & Society" and "International Relations & Markets

The Federation of Austrian Industries (IV) has announced personnel changes in two of its core areas. Gudrun Feucht and Igor Sekardi join in senior positions, supported by their previous roles at IV and their extensive expertise in their respective areas.

October 2, 2023

Possible Spy Ring: Ex-Wirecard Manager and Suspected Russian Spies on Trial

British investigators suspect that former Wirecard manager and Austrian Jan Marsalek was involved in a spy network acting for Russia. This information became known through a communication from the British public prosecutor's office and was later reported by BBC and "Spiegel".

September 26, 2023

Japanese Takeda Lays Foundation Stone for "Laboratory of the Future" in Vienna's Urban Lakeside Aspern

In a symbolic act, the foundation stone was laid for Takeda's "Laboratory of the Future" in Vienna's Seestadt Aspern. With an investment of around 120 million euros, the Japanese pharmaceutical giant represents the company's largest investment to date in Austria in a technically and ecologically optimized new building for biopharmaceutical research and development.

September 22, 2023

Historic Center of Vienna Remains on the UNESCO Red List

The historic center of Vienna remains on UNESCO's red list of endangered World Heritage Sites despite recent changes to the Heumarkt project. This was decided by UNESCO. Now it is being examined whether the project is compatible with World Heritage in this way.

September 13, 2023

19th Salzburg Europe Summit 2023: "Europe: Setting out for New Horizons"

From September 24 to 26, 2023, the Institute of the Regions of Europe (IRE) invites you to the 19th Salzburg Europe Summit at the Salzburg Congress. More than 700 participants from all over Europe are expected to discuss together the current challenges and opportunities of the continent.

September 12, 2023

Green Peak Festival 2023: Austria's Pioneer for Climate Protection and Entrepreneurship

The renowned Green Peak Festival, which has established itself in the heart of Vienna as Austria's flagship event for sustainability and entrepreneurship, impressed once again. For the second year in a row, over 800 participants gathered to network, exchange ideas and discuss the latest developments in sustainability. The project was supported this year by the Embassy of Israel.

September 11, 2023

New Regulations in Vienna: Year-round Outdoor Cafés and Green Parklets

In an innovative response to the COVID-19 pandemic, the City of Vienna has adopted new regulations for catering establishments and public lounges. Both Schanigärten (Viennese Outdoor Cafés) and the green parklets known as "Grätzloasen" are now allowed to remain in public spaces all year round.

September 10, 2023

Austria's Ex-Economy Minister Schramböck in Saudi Arabia: Progress on Women's Rights and Economic Opportunities

The former Austrian Minister of Economy, Margarete Schramböck, has given insights into her new professional activities in Saudi Arabia in an interview with the magazine "trend". She is currently on the board of Aramco Digital, a digital subsidiary of Saudi Aramco, the world's largest oil company, which was founded in spring 2023. Schramböck plays an important role there, which she describes as "between the executive board and the supervisory board."

September 7, 2023

European Forum Alpbach 2023: A Turning Point for Europe's Future

The European Forum Alpbach (EFA) is entering a new round and is increasingly focusing on topics that will significantly shape Europe's role in the world. Under the motto "Bold Europe", decision-makers from business, politics, science, art, and culture are meeting in Tyrol to work together on solutions to pressing challenges.

August 30, 2023 · Updated: August 31, 2023; 09:37

Interpol and UNODC Strengthen Global Fight Against Forestry Crime with Norway's Support

In a bid to combat forestry crime on a global scale, an international coalition spearheaded by Interpol and the United Nations Office on Drugs and Crime (UNODC) supported by Norway has inaugurated the second stage of a revolutionary initiative, LEAP II.

August 27, 2023

Vienna Airport Soars: A Remarkable Recovery and Vision for the Future in 2023

Flughafen Wien AG, the company that manages the Vienna International Airport, celebrates an impressive recovery in the first half of 2023 with significant growth in passenger numbers, revenue, and profit for the period. With an increase in passenger numbers of 44.3%, the Vienna location reached 91% of the passenger level before the Corona crisis in 2019. In the entire Group, the figure is even 94%.

August 27, 2023

Vietnam and UN Strengthen Collaboration on Commercial Law Reforms

In a move to enhance cooperation between Vietnam and the United Nations, a significant memorandum of understanding was signed between the Ministry of Foreign Affairs of Viet Nam and the secretariat of the United Nations Commission on International Trade Law (UNCITRAL).

August 21, 2023

Space Diplomacy: NASA Welcomes Argentina's Signing of the Artemis Accords

Argentina has officially become the 28th signatory to the Artemis Accords. At a ceremony at the Casa Rosada in Buenos Aires, Daniel Filmus, Minister of Science, Technology, and Innovation, signed the document on behalf of Argentina. The U.S. space agency was represented at the signing by Bill Nelson, NASA Administrator. Argentine President Alberto Fernández and U.S. Ambassador to Argentina Marc Stanley were also in attendance.

August 1, 2023

"Wiener Gusto" in the Final for the EU Organic Awards 2023

Vienna is a proud finalist in this year's EU Organic Awards in the category "Best Organic City" thanks to its city-owned food brand "Wiener Gusto".

July 25, 2023

PÜSPÖK and UNESCO: Empowering Climate Action through Nature Conservation and Renewable Energy

The Austrian company PÜSPÖK, a rapidly growing company in the field of renewable energies, is actively committed to climate, environmental, and nature protection. By supporting the initiative "Klimapartnerschaft.at", PÜSPÖK is committed to the preservation and protection of the largest primeval forest remnant in the Alpine arc, the UNESCO World Natural Heritage "Wilderness Area Dürrenstein-Lassingtal", thus contributing to the protection of a rare ecosystem and unique biodiversity.

July 25, 2023

Plants as Climate-Friendly Air Conditioning: City of Vienna Promotes Greening of Buildings

The positive effect of green buildings on the climate is undisputed. To promote the implementation of green buildings, the City of Vienna provides generous subsidies of up to € 20,200. Interested parties can obtain free advice on this subject from Eco Counselling (DIE UMWELTBERATUNG) in Vienna.

July 23, 2023

Salzburg Summit: International Conference Brings Together Top Politicians, Scientists and Business Leaders

July 26, 2023, marks the start of the 4th Salzburg Summit, a high-profile international business and future conference that will take place on the fringes of the renowned Salzburg Festival. The event will be formally opened by EU Budget Commissioner Johannes Hahn and the President of the Federation of Austrian Industries (IV), Georg Knill. In light of recent global challenges, including a war on European soil and the global COVID-19 pandemic, the summit is dedicated to the goal of a sustainable future for Europe amid uncertainty.

July 23, 2023

Controversy Surrounds Jan Marsalek's Letter in Wirecard Scandal Trial

In connection with the Wirecard scandal trial, a letter from Jan Marsalek, a former Wirecard board member, is causing controversy. Marsalek, who has been on the run for three years, contacted the Munich Regional Court in writing through his lawyer.

July 19, 2023

State Secretary Tursky Emphasizes Goal of European Chip Sovereignty at Austrian Company AT&S

During his visit to Leoben, Florian Tursky, the State Secretary for Digitization and Telecommunications at the Ministry of Finance, was given an insight into the new research and production center of the global high-tech group AT&S, which is currently being realized at the company's headquarters.

July 19, 2023

OMV's Polyolefins Business Cooperation: Concerns Raised as Greens Question Borealis' Future

Austrian energy company OMV has decided to pursue negotiations with ADNOC, the state-owned oil company of the United Arab Emirates, on potential cooperation of their polyolefins business. This reinforces certain concerns of the critical voices on the OMV-ADNOC deal.

July 16, 2023

Austria on the Way to Innovation Leader in the European Innovation Scoreboard 2023

Austria has improved to sixth place in this year's European Innovation Scoreboard (EIS) and is thus on the right track to becoming an innovation leader.

July 13, 2023

OMV Secures Additional European Gas Transmission and Pipeline Capacities until 2028

The listed oil and gas group OMV has successfully secured additional European gas transport capacities and gas pipeline capacities. This measure serves to secure Austria's gas supply and enables OMV to meet its delivery obligations in the medium term.

July 12, 2023

Wealth of the Richest Austrians Grows Despite Global Trends

In its latest issue, the business magazine "trend" publishes its annual ranking of the "100 richest Austrians". In contrast to some global studies, which show a slight decline in the ownership of the super-rich, Austria shows a different development. The assets of the 100 wealthiest individuals and families increased by five percent to a total of around 210 billion euros.

July 11, 2023

Russia and Ukraine Accuse Each Other of Sabotage at Zaporizhzhya Nuclear Power Plant

Kyiv and Moscow have voiced accusations against each other regarding possible acts of sabotage at the Russian-occupied Zaporizhzhya nuclear power plant. The Kremlin described the situation as tense, while Ukraine again accused Russia of planting explosive devices at the nuclear plant. The International Atomic Energy Agency also continues to express concern.

July 5, 2023

Salzburg Europe Summit 2023 Taking Place this Year for the 19th Time

The annual Salzburg Europe Summit, Europe's leading event, will once again address the many challenges facing Europe in September in Salzburg. Among others, topics from war and the climate crisis to energy supply and social coexistence will be discussed.

June 28, 2023

Wirecard Trial: Entire Wirecard Asia Business Made Up

Wirecard's insolvency administrator, Michael Jaffe, has confirmed that the company's deal with supposed partners in Asia was completely fabricated, according to recent findings. This is according to Jaffe's fifth status report to the Munich District Court.

June 27, 2023

European Movement Austria Presents Reform Ideas for the EU Single Market

Europe has achieved a level of prosperity that no previous generation has experienced. The EU Single Market, which celebrates its 30th anniversary this year, is the key to this success. The future of the Single Market was the focus of a panel discussion of the European Movement Austria (EBÖ) at THE LEO GRAND in Vienna.

June 27, 2023

OMV Gives Final Investment Decision for Gas Project in Romania

OMV announced the final investment decision by OMV Petrom, the largest integrated energy company in Southeast Europe, for the Neptune Deep natural gas production development project.

June 22, 2023

Mansion in Austrian Kitzbühel Bought by Sanctioned Russian Oligarch

Russian oligarch and confidant of President Vladimir Putin, Arkady Rotenberg, is said to have financed a house in Kitzbühel, where Putin's daughter is also said to have spent time, according to media reports.

June 21, 2023

Research Presentation: Western Balkans 20 Years after the EU Summit in Thessaloniki

On Friday, June 30, 2023, at 09:00, the Bertelsmann Stiftung and the Vienna Institute for International Economic Studies (wiiw), together with prominent politicians from Austria and the Balkans, will present their new study on the EU's geo-economic influence in the Western Balkans. The event will take place in the Reitersaal of the Oesterreichische Kontrollbank in Vienna.

June 15, 2023

Iran's Enriched Uranium Stockpile Soars: IAEA Concerns Grow

A recent confidential report by the International Atomic Energy Agency (IAEA) found that Iran now possesses 23 times as much enriched uranium as agreed in the 2015 international nuclear deal. In his latest report, Director General Rafael Mariano Grossi discusses verification and monitoring in the Islamic Republic of Iran and indirectly confirmed the concerns of the confidential report days earlier.

June 5, 2023

Austria's Best Tax Consultants Were Awarded

The Institute for Investment Consulting (IFA AG) and the daily newspaper "Die Presse" presented the coveted "Tax Consultant of the Year" award to the best tax consultants in Austria. The festive award ceremony took place in the Sofiensälen in Vienna and was accompanied by Federal Minister of Finance Dr. Magnus Brunner as keynote speaker. More than 16,000 nominations demonstrate appreciation for both the industry and the award.

May 25, 2023

Austria Shows Interest in Developing the Railroad Infrastructure to the Slovenian Port of Koper

Despite expansion projects, rail capacity remains limited compared to road. The seaport in Koper, Slovenia, which is important for Austria, is an example of current efforts in rail expansion, but at the same time shows the limits of rail-bound freight transport. With regard to Koper, Austrian experts emphasized the importance of an efficient rail connection for freight traffic.

May 24, 2023