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Germans in Vienna | Deutsche in Wien | Bilateral Relations
Austria and Germany - Read the latest headlines about bilateral relations in the areas of economy, business, investment, diplomacy, culture and tourism
Conwert in Talks to Purchase BGP Investment's German Properties
Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.
July 22, 2015
German Creditor Pool Brings EUR 1 Bln Action Against Heta Before Frankfurt Regional Court
The lawsuit demands almost EUR 1 billion and is brought in Frankfurt/Main against asset resolution company Heta. The creditor pool consists largely of German creditors which demand immediate repayment of bonds and promissory note loans.
July 16, 2015
IAEA's Position and Road-Map Regarding Iran's Nuclear Program
The International Atomic Energy Agency (IAEA) and the Islamic Republic of Iran (Iran) agree, in continuation of their cooperation under the Framework for Cooperation, to accelerate and strengthen their cooperation and dialogue aimed at the resolution, by the end of 2015, of all past and present outstanding issues that have not already been resolved by the IAEA and Iran.
July 14, 2015
Iran Nuclear Deal: Joint Statement by Federica Mogherini and Iranian Foreign Minister
The joint statement by EU High Representative Federica Mogherini and Iranian Foreign Minister Javad Zarif calls on the world community "to support the implementation of this historic effort". "The Joint Comprehensive Plan of Action is a balanced deal that respects the interests of all sides. It is also complex, detailed and technical."
July 14, 2015
Iran Nuclear Deal: Historic Agreement in Vienna
The so-called P5+1 - the US, UK, France, China and Russia plus Germany and the EU have reached a "historic" deal with Iran on limiting Iranian nuclear activity in return for the lifting of international economic sanctions. The deal, known as the "Comprehensive Joint Plan of Action", was signed today in Vienna.
July 14, 2015
Euromoney Names UniCredit-Bank Best Bank in CEE
Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.
July 14, 2015
Historic Iran Nuclear Deal Likely to be Announced Early Tuesday
Officials negotiating in Vienna's Palais Coburg say nothing is confirmed, but a deal will possibly come in the early hours of the morning. Iran’s Foreign Minister Mohammad Javad Zarif said an Iran nuclear deal would not be ready to be announced July 13, as China’s Foreign Minister urged the P5+1 and Iran to finalize the accord.
July 13, 2015
Vodafone Germany Hires Ex-Telekom Austria CEO Ametsreiter
Ex-Telekom Austria CEO Hannes Ametsreiter, who terminated his contract 4 days ago, will take up the position of CEO of Vodafone Germany as of October 1, 2015.
June 19, 2015
Bilderberg 2015: Full List of All 133 Participants
The full list of all 133 attendees to the top secret Bilderberg Group conference 2015 has been released (see below). The Austrians participating are René Benko, Oscar Bronner, Heinz Fischer, Alfred Gusenbauer, Erich Hampel, Wolfgang Hesoun, Gerhard Roiss, Rudolf Scholten and Karl Sevelda.
June 12, 2015 · Updated: June 12, 2015; 17:45
The Bilderberg Group - Background and Criticism
The first Bilderberg conference dates back to May 1954, when it was held at the Hotel de Bilderberg in Oosterbeek, Netherlands. Partly because of its working methods to ensure strict privacy, the Bilderberg Group has been criticised for its lack of transparency and accountability.
June 11, 2015
Bilderberg 2015: The "World Government" Meets in Austria
A select group of global elite is gathering today at the Interalpen-Hotel Tyrol in Telfs-Buchen, Austria. The 63rd Bilderberg conference is a super secret annual conference where they can discuss politics, economics and foreign policy freely. A total of around 140 participants from 22 countries have confirmed their attendance at the Bilderberg conference 2015. As ever, a diverse group of political leaders and experts from industry and finance have been invited. This year the list includes nine Austrians. Key talking points on the agenda include the Ukrainian crisis, Greece, Middle East and Terrorism (see detailed list below). Security is tight - participants as well as protesters and journalists will have to deal with the Austrian anti terror squad "Cobra". After 1979 it's the second time that the conference takes place in Austria.
June 11, 2015 · Updated: June 11, 2015; 19:00
Analysis: Austrian Economy Falls Behind Eurozone Average
The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.
June 1, 2015
FDI: Western Europe Overtakes China and North America, Austria Improved Its Position
Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.
May 29, 2015
Analysis: The Eurovision Song Contest 2015 in Vienna
The Eurovision Song Contest 2015 has been the 60th edition of the annual Eurovision Song Contest musical event. The contest took place in Vienna and followed Conchita Wurst's victory in the 2014 edition with her song "Rise Like a Phoenix". The song "Heroes" by Måns Zelmerlöw took the winning spot in the 60th Eurovision Song Contest in Vienna with 365 points. The 2016 Eurovision Song Contest will therefore be held in Sweden.
May 16, 2015 · Updated: May 28, 2015; 08:00
Lenzing Sells Subsidiaries Dolan and European Carbon Fiber
The Lenzing Group has sold of its fully owned German subsidiary Dolan GmbH, Kelheim and its 91.1% stake in European Carbon Fiber GmbH, Kelheim to WHEB Partners’ Growth Fund 2 of England and Jan Verdenhalven.
April 15, 2015
Austria to Support China's "Asian Infrastructure Investment Bank"?
The Austrian Finance Ministry confirmed that Austria will participate in the China-proposed Asian Infrastructure Investment Bank (AIIB) project after receiving the appropriate approval from the government. Now it checks for a potential engagement. China is taking matters into its own hands. It will use the new bank to expand its influence at the expense of America and Japan. Its decision to fund a new multilateral bank reflects its frustration with the slow pace of global economic governance reform. China is the biggest economy in Asia, but the Asian Development Bank (ADB) is still dominated by the Japanese: Japan’s voting share is twice China’s and the ADB’s president has always been Japanese. Also, reforms to give China more say at the International Monetary Fund (IMF) have been delayed for years.
March 27, 2015
Germanwings Flight 9525: Captain Tried to Break into Cockpit with Axe, Co-Pilot Hid Illness
The latest reports prove that German Wings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending. German police have been searching the home of co-pilot Andreas Lubitz and his parents. They found a ripped-up sick note showing that he tried to hide his illness from employer German Wings.
March 27, 2015
Background: The New "Asian Infrastructure Investment Bank"
The Asian Infrastructure Investment Bank (AIIB) is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States. AIIB is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. Austria recently said, that it is "positive" and that it "now checks for a potential engagement".
March 27, 2015
Germanwings Flight 9525 was a Suicide Mission
According to the latest reports, suicide and mass murder by the co-pilot explains the deaths of 150 people aboard Germanwings flight 9525 from Barcelona to Düsseldorf. There is clear evidence that 27-year-old German co-pilot Andreas Lubitz deliberately locked the pilot out of the cockpit and then began with the Airbus A320 a constant, unauthorized and deadly descent. Brice Robin, the public prosecutor from Marseille told a press conference that the first officer had locked the captain out of the cockpit and set the controls of the Airbus for a rapid descent and the eventual crash into the French Alps. The Aviation Safety Network has published a list of aircraft accidents caused by pilot suicide (see below).
March 26, 2015 · Updated: March 26, 2015; 18:30
Analysis: Crash of Germanwings Flight 9525 - Investigation and Latest Responses
Yesterday Germanwings Flight 9525 from Barcelona to Düsseldorf, an Airbus A320-200, crashed around 100 kilometres (62 mi) northwest of Nice, in the French Alps. All 144 passengers and six crew members died. People on board by nationality were: Germany 67, Spain 45, Kazakhstan 3, Mexico 3, Argentina 2, Australia 2, Colombia 2, Croatia 2, Japan 2, Morocco 2, Belgium 1, Denmark 1, Israel 1, Netherlands 1, Turkey 1, United Kingdom Several (unconfirmed), and unknown 15. The aircraft had reached its cruising altitude, flight level 380 (approx. 38,000 ft [12,000 m]) at 9:27 GMT. Three minutes later the aircraft began its descent - the purpose of the descent is not currently known. 14 minutes after the initial descent, radar contact with the aircraft was lost. Meanwhile the first cockpit voice recorder was recovered by rescue workers and is being examined by the investigation team. The recorder was damaged in the crash, but was said to be still in a "usable" condition. The search for the flight data recorder was to be a priority when the recovery operation resumed. It is the third-deadliest crash of an Airbus A320, after TAM Airlines Flight 3054 and Indonesia AirAsia Flight 8501, and the third-deadliest aviation disaster on French soil, after Turkish Airlines Flight 981 and Inex-Adria Aviopromet Flight 1308. Unusually, the plane appears not to have deviated from its flight plan during its descent.
March 25, 2015 · Updated: March 26, 2015; 14:30
German Wings Crash: No Austrians or Transit Passengers to Vienna Were Aboard
It is believed that no Austrians or direct transit passengers to Vienna were aboard the crashed Germanwings plane. "None of the passengers from Düsseldorf held connecting flights to Vienna, so we believe this tragedy has not affected any Austrians. However, we do not as yet have a passenger list of those who were on the flight," Lufthansa said.
March 24, 2015 · Updated: March 26, 2015; 10:45
Update: Germanwings Crash - Two Iranian Journalists on Transit to Vienna among Victims
It has been confirmed that two transit passengers to Vienna were aboard the crashed Germanwings plane Flight 9525. Reuters reports that the two Iranian dead are sports journalists who were travelling to watch their national team play Chile in Sankt Pölten tomorrow. The two men had earlier travelled to Barcelona to cover a match between Barcelona and Real Madrid.
March 25, 2015
German Airliner with 150 People Crashes in Southern France
An Airbus A320 airliner of German low-cost airline Germanwings crashed in the French Alps near Digne carrying 144 passengers and six crew members. "All 150 feared dead" says Fancois Hollande. It is unclear whether Austrian passengers were on board.
March 24, 2015 · Updated: March 24, 2015; 14:45
Quality of Living Rankings: Vienna Tops the List Again
Vienna remaines at the top of the 2015 Quality of Living Rankings, boasting the best quality of living for expatriates. In the top 5 there are two other European cities, Zurich (place 2) and Munich (place 4). Also Auckland (3rd) and Vancouver (5th) are among the top five cities.
March 4, 2015
Global Peace Index: Austria is Third Most Peaceful Country
The latest Global Peace Index analyses the state of peace around the world. It identifies the most and least peaceful countries, trends in violence and conflict, and calculates the economic impact of violence. The top three most peaceful countries are Iceland, Denmark and Austria. Small and stable democracies make up the top ten most peaceful countries. New Zealand, Canada and Japan are the only non-European countries in the top ten.
March 4, 2015
Austria is Celebrating 60 Years of United Nations Membership in 2015
Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.
February 5, 2015
Vienna is Among the Top 10 Startup Cities Where Entrepreneurs Want to Meet Up
A search engine for finding entrepreneurs to meet up with has published a list of the top 10 international startup cities. Vienna made it to number six. Continue reading to see the full ranking of the top international startup cities where entrepreneurs want to meet up.
February 4, 2015
George Soros: "A New Policy to Rescue Ukraine"
Soros is calling on members of the European Union to behave as countries indirectly at war with Russia and to provide Ukraine with $50 billion to defend itself and kick-start political reforms. Russian President Vladimir Putin's imperial ambition has unintentionally brought into being a new Ukraine that is adamantly opposed to endemic corruption and inefficient government. By offering assistance, Europe can foster an open society in Ukraine and protect itself from Russian aggression.
January 22, 2015
Vienna Congress comsult 2015: "Power of Regions"
“Power of Regions“ is the topic of the Vienna Congress com•sult 2015 which is taking place today at Vienna's House of Industry. Distinguished participants from industry, politics and the business community such as F.W. de Klerk, Mohamed El Baradei, Author Benjamin R. Barber, Václav Klaus and Iain Begg are discussing the principle of regionality and its future in Europe.
January 20, 2015
Ivica Dačić in Vienna: Serbia Takes Over OSCE Chairmanship from Switzerland
The new OSCE Chairperson, Serbia’s Foreign Minister Ivica Dacic, spoke today at the inaugural Permanent Council meeting of Serbia's OSCE Chairmanship Vienna. He revealed his Chairmanship priorities pledging to rebuild trust and confidence in the OSCE region of 57 participating states.
January 15, 2015
Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area
At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.
October 23, 2014
Netflix: "We are Proud to Bring the Future of Television to Austria"
Netflix, the American provider of on-demand Internet streaming media followed up its launches in France and Germany by adding Austria to the list of countries in which its streaming services is available. The comapny intends to capture a third of the market share. The company was established in 1997 and is headquartered in Los Gatos, California. It started its subscription-based digital distribution service in 1999. By 2009, Netflix was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers. By July 2014 Netflix has subscribers in over 40 countries.
September 17, 2014
Poland's Donald Tusk to Become European Council President
Current council president Herman Van Rompuy tweeted the announcement from the EU summit. Mr Tusk, Poland's centre-right prime minister since 2007, will become the European Council's president. Italy's Federica Mogherini, a centre-left politician and foreign minister will replace the UK's Catherine Ashton as EU foreign policy chief.
August 30, 2014
Signa Buys Karstadt for €1
Austria's Signa Holding takes over struggling German department store chain Karstadt. Signa acquires a 100 per cent stake in Karstadt Warenhaus GmbH from Berggruen Holdings. Berggruen Holdings is going to withdraw from Karstadt Warenhaus GmbH, Karstadt Premium and Karstadt Sports as well as from from each property. The deal ends weeks of speculation over the company's future after the CEO left in July. Rene Benko will pay just €1 for the department store chain. Karstadt operates more than 80 stores across Germany and employs more than 17.000 people.
August 15, 2014
Hydrogen: OMV to Invest EUR 20 Mln in Key Technology
OMV is currently conducting intensive research on hydrogen as alternative fuel. According to CEO Gerhard Roiss hydrogen is already part of OMV’s everyday business. The group earmarkes around EUR 20 mln for hydrogen projects.
August 4, 2014
Analysis: Russia - Assessment of EU and Tightened US Sanctions
Special analysis covering the most recent escalation in terms of Western economic and financial sanctions against Russia: EU and US sending bold diplomatic signals without inflicting too much near-term economic and financial damage. In comparison to the US sanctions by the EU are capped in duration. Recent escalation adds to uncertainty in doing business with Russia, which is an ultimate goal of sanctions. Near-term impact of current sanctions still limited, which implies a risk that they may remain for longer.
July 31, 2014
Austrian FDI: Current Developments 1Q 2014
In the first quarter of 2014, Austrian FDI abroad reached a value of 2.8 billion euros, which is less by about 30% than in the same period of 2013. Foreign direct investments in the same period into Austria stood at 1.4 billion euros. This is about 37% less than in the same period of last year.
July 29, 2014
Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City
The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).
July 25, 2014
Tengelmann to Launch Online Gardening DIY Chain in Austria
The German online gardening DIY chain GartenXXL, a subsidiary of the Tengelmann group, is setting up in Austria. The range of offered products includes over 20,000 products from brands such as Gardena, Fiskars, Bosch or Kettler. The products shall be offered via gartenxxl.at. After successful launching in Austria, GartenXXL intends to expand to other countries in CEE/CESEE.
July 22, 2014
FDI in Austria up by EUR 25 Million
In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.
July 11, 2014
German Investment: New EUR 140 Mln Data Center for the City of Vienna
A 140 million Euro investment from Frankfurt based e-shelter strengthens Vienna as an international ICT center.
July 3, 2014
BUWOG Closes Acquisition of DGAG Portfolio
The BUWOG Group has closed its acquisition of approx. 18,000 units in Northwestern Germany after antitrust clearance by the German Cartel Office and completion of further conditions precedent according to schedule.
June 30, 2014
TTIP-Myths and Realities According to AmCham Austria
The American Chamber of Commerce in Austria (AmCham Austria) promotes the expansion and strengthening of trade and commerce relations between Austria and the US. Talks on a future EU-US trade deal started in July 2013 and are set to continue throughout 2014. The talks are part of a trade and investment deal, known as the Transatlantic Trade and Investment Partnership, or TTIP.
June 3, 2014
BSH Vienna is Partially Taken Over by German BSH Group
With the goal of strengthening its international market presence, the TROX Group acquired parts of BSH Group.
May 31, 2014
Emirates: The Air Rights Quarrel Between Austria and UAE Continues
The Arab airline demands considerably more landings in Vienna.
May 23, 2014 · Updated: May 24, 2014; 16:15
Yakunin: Broad-Gauge System from Vladivostock to Vienna to Be Established
Vladimir Yakunin, head of the Russian Railways (RZD), wants to stick to his strategic plans and establish an uninterrupted rail link between Vienna and Vladivostock.
May 24, 2014
Hypo Alpe Adria Appoints New Supervisory Board
At an Extraordinary General Meeting of Hypo Alpe Adria International on Friday, a new Supervisory Board was appointed.
May 23, 2014
Switzerland: IMD Releases the World Competitiveness Yearbook Ranking 2014
The US leads, Europe recovers, and big emerging markets struggle.
May 22, 2014
Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014
On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
May 20, 2014
Conwert Slips into the Reds
Austrian residential real estate enterprise is facing a hard time in Germany.
May 14, 2014
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