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Read updated news about key executives in Vienna's international community
Strategic Assistance for Western Balkan Countries: "Regional Strategic Leadership Course" in Austria
As part of the "Regional Strategic Leadership Course," high-ranking civilian and military leaders met in Austria in early June to receive joint training in strategic decision-making. The first module of the first-ever course was held at the National Defense Academy in Vienna.
June 8, 2022
New Photography Museum Will Open in Vienna
A new photography museum will open in Vienna's Arsenal in fall 2024. This museum will be a showcase and discussion space under the name Foto Arsenal Wien. In order to adapt the building, the city is investing two million euros. Read more about Vienna's newest addition to the city's bustling cultural scene.
June 1, 2022
Dignitaries From Vienna in Davos: Recap of the World Economic Forum 2022
The World Economic Forum (WEF) took place and some dignitaries from Vienna attended the meeting in Davos. Read more about the World Economic Forum in Davos in the Recap.
May 31, 2022
Austrian Foreign Ministry and Ars Electronica Strive for Artistic Freedom
Austrian Foreign Ministry and Ars Electronica created a Virtual Space for artistic freedom. In times of crisis, there is clear support for artists and artistic freedom.
May 30, 2022
IWM Permanent Fellow Timothy Snyder Receives Tryzub "Friend of Ukraine" Award
Timothy Snyder, IWM Permanent Fellow, has received the Tryzub Award for Friends of Ukraine. The award was presented to him by Chrystia Freeland, Deputy Prime Minister of Canada for his contributions in support of Ukraine and democracy.
May 30, 2022
Think Tank: Concerns About EU Sanctions Against Russian Oil and Gas
For some time now, the business community has been complaining about the lack of information on how gas and oil will be distributed sensibly in the event of a supply freeze from Russia. The Austrian Economic Research Institute (WIFO) is also concerned about the future of the energy supply and discusses possible solutions.
May 29, 2022
How the Austrian Development Agency Assists in Moldova
The Austrian Development Agency supports the Republic of Moldova. The Republic of Moldova is characterized by an economy specialized in agriculture. However, the country has many political and economic problems, that need to be addressed.
May 23, 2022
Austrian New Chairman Of the European Union Military Committee
Austrian Chief of General Staff Robert Brieger is the new permanent Chairman of the European Union Military Committee. The European Union Military Committee is the highest military body set up within the Council setting up the Military Committee of the European Union.
May 22, 2022
Austrian Leadership Program 2022 Underlines Friendship Between Austria and Western Balkans
The Austrian Leadership Program 2022, the Secretary-General for Foreign Affairs, Peter Launsky-Tieffenthal, welcomed 22 selected leaders from the countries of the Western Balkans to the Ministry of Foreign Affairs. This year's visit program focuses on the topic of "Green Technologies".
May 19, 2022
European Central Bank Calls for Action Against Inflation
The European Central Bank is calling for quick action against inflation. The inflation rate shot up to 7.4 percent in the euro area recently, well above the ECB's target of two percent.
May 19, 2022
Finland and Sweden Submit Applications to Join NATO
With Russia posing a threat to Finland and Sweden through its attack on Ukraine, both countries decided to join NATO. The ambassadors of Finland and Sweden handed over the relevant documents to NATO Secretary General Stoltenberg this morning.
May 18, 2022
UN Secretary General António Guterres Met Austria's President Alexander Van Der Bellen in Vienna
The UN Secretary-General, António Guterres is currently visiting Vienna and met with Austrian President Alexander Van der Bellen. The main topic of conversation was the conflict in Ukraine and its international ramifications.
May 11, 2022
Protection of the European Single Market: European Commission Wants to Control Third-Country Subsidies
The European Commission has presented a new proposal to combat competition-distorting subsidies from third countries. The background for the proposal is the increasing global imbalance between companies from the EU and those from third countries. This is primarily to counter the influence of China and Chinese companies in Europe.
May 5, 2022
Construction Giant Strabag Removes Russian Voice on Supervisory Board
At the recently held Extraordinary General Meeting of STRABAG SE, Thomas Bull, a member delegated by the major shareholder Rasperia, was dismissed. His company is owned by the Russian oligarch Oleg Deripaska, who must therefore completely relinquish his control over Strabag.
May 5, 2022
Austria Professes to be the Official Seat of Many International Organizations
The Secretary-General for Foreign Affairs, Peter Launsky-Tieffenthal, today welcomed the more than 80 Permanent Representatives to International Organizations in Vienna for an exchange at the Ministry of Foreign Affairs on Austria's official residence. The meeting resumes a regular dialogue format that helps strengthen Vienna as a center for diplomacy.
April 27, 2022
IAEA’s First International Conference on Nuclear Law
The IAEA currently hosts the world's top experts on nuclear law to examine the current nuclear law framework in the changing landscape of technology, opportunities, and challenges. Read more about the importance of the First International Conference on Nuclear Law.
April 26, 2022
IAEA Director-General Chief Grossi Will Lead Assistance Mission to Ukraine’s Chernobyl Nuclear Power Plant
The Russian war of aggression in Ukraine threatens the country's nuclear security. The country has many nuclear power plants and Russian troops were entrenched in Chernobyl until a few weeks ago. To maintain nuclear safety efforts at Chernobyl, Rafael Mariano Grossi, Director-General of the IAEA, will lead an assistance mission to Ukraine’s Chernobyl Nuclear Power Plant.
April 22, 2022
Special Representatives of OSCE Chairman-in-Office Visit Council of Europe
Personal Representatives of the OSCE Chairman-in-Office for tolerance issues visited the Council of Europe. During this visit, meetings were held about Human Rights, Equality and Non-Discrimination. During the meetings, the representatives urged Russia to stop its invasion of Ukraine.
April 21, 2022
EU Subcommittee of the Austrian Parliament Discussed on Future EU Economic Policies
The EU Subcommittee of the Austrian Parliament discussed future EU economic policy. The topics of artificial intelligence, digitalization, EU trade policy, the update of the EU industrial strategy of 2020 and the modernization of competition law.
April 20, 2022
Ukrainian Ambassador Khymynets Thanks Austrian Communities for Hosting Refugees
Ukrainian Ambassador Khymynets thanked Austrian communities for hosting refugees from Ukraine. Close cooperation between Austrian and Ukrainian communities is planned.
April 14, 2022
Arab Chambers’ Day at the Austrian Pavilion at Expo 2020 Dubai
The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 provided an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event and which senior Arab and Austrian officials and delegations attended.
April 5, 2022
OPEC Secretary General Barkindo to Become Distinguished Fellow of the Atlantic Council
Mohammad Sanusi Barkindo, the Secretary General of OPEC, was recently awarded a Distinguished Fellow of the Atlantic Council. Find out what he said about his organisations headquarter location and about a speech he gave at the Diplomatic Academy of Vienna.
April 5, 2022
European Forum Alpbach Gets Ready for Its 2022 Event
The date for the European Forum Alpbach was recently set by the organizers and will take place between August 21 and September 2. The event, which is a great networking opportunity, is focusing on a new program design this year. If you are interested in what is on the program and which days are best to visit, then read on now.
April 5, 2022
How the Austrian Development Agency Assists in Post-Soviet Conflicts in the South Caucasus
Since the collapse of the Soviet Union, the South Caucasus states of Armenia and Georgia have been searching for a new political and social identity. The trend goes in the direction of Europe. The EU and Austria are standing by with support.
April 4, 2022
Vienna International Airport Hub With Newly Designed Terminal 2
The long-awaited Terminal 2 has finally reopened. After 2 years of renovation, it is finally available for passengers again. This is urgently necessary, because after the many years of the Corona pandemic, the airport management expects a significant increase in tourist numbers and accordingly more traffic at the airport Vienna-Schwechat.
March 30, 2022
U.S. Ambassador Vicki Kennedy Received at AmCham Austria Welcome Gala Dinner
New U.S. Ambassador Victoria R. Kennedy recently attended an event organized by the American Chamber of Commerce in Austria (AmCham Austria), where she spoke about transatlantic trade relations and the Ukraine conflict. Read on to learn more about the event and its participants.
March 24, 2022
Austria's Raiffeisen Bank Now Considering Russia and Ukraine Exit After All
Raiffeisen Bank International is considering withdrawing from Russia. The enormous civil suffering in Ukraine caused by Russia's war of aggression had led the management to this decision. This step is not taken easy, since Russia counts as one of the key areas of the Austrian bank.
March 18, 2022
Putin's War Forces OMV to Make Most Fundamental Strategic Shift in Its History
Russia's aggression toward Ukraine is forcing OMV, the Austrian oil, gas and petrochemical group to take drastic measures. The company's management decided to stop all investment activities in Russia and to rely on alternative suppliers in the future. OMV thus joins many other companies that are slowly turning their backs on the Russian market.
March 17, 2022
IAEA Staff Association Ball 2023: The History of the UN Ball in Vienna
Vienna's history has one special sort of cultural event season every year. One important ball for the international community is the IAEA Staff Association Ball, which has become an integral part of Vienna's traditional ball calendar. The next IAEA Staff Association Ball will take place on the 11 of February 2023.
March 17, 2022
How Gazprom Helps the Kremlin to Manipulate Austria
The Russian government uses the majority state-owned energy corporation Gazprom to exploit Europe's dependency on Russian natural gas, and Austria is no exception. Read how the Kremlin uses Gazprom to influence Austria.
March 8, 2022
Russia's Sberbank with European Headquarters in Vienna under Pressure
The Austrian Financial Market Authority (FMA) has announced a moratorium on Sberbank Europe AG, a European subsidiary of the Russian state-owned Sberbank. Read what this means for Sberbank Europe and its customers.
February 28, 2022
Putin's People in Austria and Beyond
Following Putin's invasion of eastern Ukraine with the aim of regaining former Soviet territory, two former European prime ministers from Italy and Finland have already resigned from the supervisory boards of two Russian companies. However, some Austrian and German politicians see no reason to resign their mandates. In the following some explanations why.
February 25, 2022 · Updated: February 25, 2022; 11:23
Austria's Population will Exceed Nine Million this Year
Austria's population is nearing nine million and should reach this mark sometime in 2022. Read more about Austria's recent population increase.
February 16, 2022
FDI in Austria: ABA Location Agency Serves 364 International Companies
The annual results from the Austrian Business Agency (ABA) show that its location agency serves 364 international companies. Read more about the ABA's annual results and how the agency is helping companies settle into Austria.
February 15, 2022
TTTech Auto Becomes USD-Unicorn in Automotive Technology
By raising an additional EUR 250 million from Aptiv and EUR 50 million from Audi in its latest funding round, TTTech Auto will be enabled to expand its product portfolio for automotive manufacturers and technology partners, to expand internationally in key regions and to extend its capabilities through strategic M&A and product investments.
February 10, 2022
Demand for Luxury Real Estate in Austria Increased by 12 Percent Due to the Corona Situation
Luxury real estate demand increased by 12 percent in Austria in 2021, according to the Engel & Völkers Group. Read more about the luxury real estate trends in Austria and around the world.
January 17, 2022
Gernot Blümel Now Working for Superfund Co-Founder Christian Baha
Former Austrian finance minister to become CEO of Superfund from March 2022 and is expected to push the asset manager's expansion.
January 12, 2022
Austrian Airlines Finally Has a Female Chief Executive
Annette Mann has been chosen to be the next CEO of Austrian Airlines, succeeding Alexis von Hoensbroech. Ms. Mann will become the first female CEO of Austrian Airlines. Read more about her selection and her predecessor's departure.
December 20, 2021
Erste Group Acquires 100% of Commerzbank Hungary
Erste Bank Hungary Zrt. is acquiring Commerzbank’s Hungarian corporate banking subsidiary Commerzbank Zrt. Through this purchase, Erste is strengthening its position in the corporate banking business in Hungary.
December 20, 2021
"Golden Sunday" Returns: Austrian Non-Food Retailers Allowed to Remain Open on December 19
In an attempt to recoup some of the billions of euros retailers lost out on due to the lockdown in the middle of the holiday season, the Austrian government has announced that non-food retailers will be allowed to remain open on Sunday, December 19 for what is known as "Golden Sunday." Learn which stores the exception applies to and when you can do some last-minute Christmas shopping on Sunday.
December 17, 2021
International Organizations Continue to Favor Austria as Their Seat
The hosting of international organizations is of great importance for Austrian foreign policy, secures 19,000 jobs and has a gross value added effect of € 1.35 billion per year.
December 13, 2021
Vienna Opera Ball 2022: Canceled Twice in a Row
The Austrian government has announced that the 2022 Vienna Opera Ball has been canceled due to COVID-19 concerns. However, the Viennese Opera Ball in New York City is still scheduled to take place. Read more about the two popular events.
December 9, 2021
Who Is the New Austrian Minister of Finance Dr. Magnus Brunner?
The new Austrian Minister of Finance, Dr. Magnus Brunner, has assumed his new position after being sworn in by President Van der Bellen. Learn more about Dr. Brunner and his career prior to becoming finance minister.
December 8, 2021
Wirecard Scandal: Europol Manhunt for Europe's Most Wanted "Marsalek"
Former COO of Wirecard Jan Marsalek, one of Europe's most wanted fugitives, is still the target of an international manhunt for his suspected role in a multi-billion euro fraud scheme. Read about the ongoing search for Marsalek and Europol's 2021 "EU's Most Wanted" campaign.
December 7, 2021
City of Vienna Partner Lab Massively Expands Covid-19 Laboratory
The Lifebrain laboratory, which partners with the City of Vienna, is undergoing a massive expansion on its COVID-19 laboratory. This expansion comes just weeks after an unfair competition lawsuit brought against Lifebrain by the Vienna Medical Association was dismissed. Read about Lifebrain's lab expansion and legal issues.
December 1, 2021
Controversial Chinese 5G Network Operator Huawei Appointed New Austria CEO
The Mainland Chinese Harvey Zhang (38) has been appointed CEO of Huawei Technologies Austria, effective immediately. He replaces Jackie Zhang (38), who was appointed as the new Austria boss just a few months ago.
December 1, 2021
President of the German Chamber of Commerce in Austria Urges People to Vaccinate
Hans Dieter Pötsch, President of the German Chamber of Commerce in Austria (DHK), recently urged everyone to get vaccinated during the 66th General Assembly of the DHK. Read about Mr. Pötsch's urgent appeal and his outlook on economic relations between Germany and Austria.
November 30, 2021
Verdi's Nabucco to Be Performed at the "Oper im Steinbruch" in Summer 2022
The popular opera "Nabucco" will be returning to "Oper im Steinbruch" in the Summer of 2022. Learn more about the upcoming opera and how to reserve your tickets.
November 26, 2021
Casinos Austria: Dutchman Erwin van Lambaart Appointed New CEO
The current head of Holland Casino, Erwin van Lambaart (58), will take over from Bettina Glatz-Kremsner the management of the partly state-owned gaming group Casinos Austria AG on April 1, 2022.
November 24, 2021
Japanese Life Sciences Corporation Invests More Than 100 Million Euros in Vienna
The Japanese life sciences company Takeda Pharmaceutical Company Limited is investing more than 100 million euros in a new building in Seestadt, Vienna. Read about the massive investment and see a picture of what it is supposed to look like upon completion.
November 18, 2021
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