Austrian Investment News and Analysis

Read the latest headlines about developments in the investment environment in Vienna and Austria

Global Business Campaign ReFocus Austria to Be Continued

A lot of attention was given this year's Ambassadors' Conference in Vienna to Austria's export economy as well as to ReFocus Austria, the successful economic campaign that has now been continued.

September 9, 2022

French Investor Meridiam Establishes Joint Venture with Magenta Telekom for Glass Fiber Expansion in Austria

Magenta Telekom and French investor Meridiam have agreed to establish a strategic partnership for Austria's largest private fiber expansion initiative. By 2030, the companies will invest 1 billion Euros in the roll-out of more than 650,000 new high-speed Internet connections for households and businesses.

August 23, 2022

Trade Relations With the USA: Exports and Investments of Austrian Companies on a Strong Upswing

Austrian companies are increasingly exporting to the USA. It is already their largest overseas market and mutual bilateral investments are steadily increasing. Read on to find out what influences the positive growth dynamics and why Austrian products are in such demand in the US.

August 16, 2022

Worldwide Awards for Austria's Wines

In international trade magazines and at renowned wine competitions, Austrian wines generated enthusiastic voices and won top ratings, gold medals and coveted trophies.

August 9, 2022

How the USA Assesses the Austrian Economy

Every year, the United States government publishes a report that informs US companies and investors about the business climate in more than 160 countries and economies, including Austria. In this US State Department report, business officials at embassies and missions around the world prepare and analyse a variety of economies that are or could be markets for US companies of all sizes. Read on if you want to know how the US views the Austrian economy!

August 4, 2022

Austria has the Highest Share of Female Startups in the EU

The Federal Ministry of Labor and Economy (BMAW) had surveyed the financing situation of female startups for Austria and Europe and discussed it at a startup breakfast together with representatives of the startup community at the BMAW. At 36 percent, Austria currently has the highest proportion of female startups in the EU.

July 20, 2022

Croatia's Euro Accession: "Great Advantages for the Domestic Economy "

As of 1 January 2022, Croatia will officially become part of the euro area. This holds great opportunities for Austrian companies.

July 13, 2022

Vienna Economic Council - How Vienna Deals With Current Economic Challenges

The Vienna Economic Council met this week to deal with the effects of the conflict in Ukraine. The aim was to make Vienna attractive as a business location and to manage emerging economic crises in the best possible way. Read on if you want to learn more!

July 7, 2022

Vienna Stock Exchange Prize 2022 Back on Stage Again

This year, for the first time, the Vienna Stock Exchange Award went to the Styrian printed circuit board manufacturer AT&S. Second and third place went to the oil and gas group OMV and the building materials manufacturer Wienerberger. The prize was awarded for the 15th time.

June 15, 2022

Business Festival in Vienna as the Centre of the International Startup World

Vienna will be the venue for one of the biggest start-up events in the world this month. Thousands of visitors from over 40 nations will attend the ViennaUP'22 festival between 27 May and 3 June. If you want to find out what the 8-day programme will focus on and why ViennaUP is unlike any other festival, read on.

May 10, 2022

U.S. Companies Step Up Investments in Austria: A Record 17 New Ventures Launched in the Past Year

The international business sector in Vienna seems to be recovering. Last year 225 foreign companies settled in the capital of Austria - a record number since the beginning of the Covid-19 pandemic. An important factor in this development was the settlement of companies from the USA, which stood out with 17 projects. If you want to know where most of the companies come from and where to turn to if you have questions about settling in Austria, please read on.

April 1, 2022

Israel and Austria Move Closer Together: Strategic Partnership Agreement in Preparation

The strengthening of bilateral relations and common economic interests prompted Austria's Foreign Minister Alexander Schallenberg and Economics Minister Schramböck to visit Israel. The invasion of Russian troops in Ukraine as well as talks on the normalization process between Israel and several Arab states were on the agenda.

March 31, 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 Enhances Bilateral Economic Relations with Conflicting Neighbors India and Pakistan

The initiative ReFocus Austria, accompanied by Austria's Foreign Minister Alexander Schallenberg, visited the emerging republics of Pakistan and India in recent days. The aim of the trip was to establish economic relations and promote mutual investments. Read on if you want to know which sectors are in particular demand.

March 23, 2022

Arab Chambers' Day at Austrian Pavilion at Expo Dubai

The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 will provide an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event.

March 18, 2022

Continued Strong Interdependence of Business between Russian, Ukrainian and Austrian Companies

Austrian businesses have established significant ties with those in Ukraine and Russia over the years. Read about the amount of business Austria does with each country and how the recent escalation of tensions could affect this.

February 23, 2022

Sony DADC Austria AG Tightens Production Program

The decline in the production program of optical storage media (CDs and DVDs) forces Sony DADC Austria to terminate and redeploy towards BioSciences and digital services.

February 22, 2022

Indian Edtech Giant Byju's Acquires Austrian Math App GeoGebra in €100 Million Deal

India's most valuable startup Byju's is buying Linz-based Geogebra, it has now been announced. Neither company disclosed the purchase price, but insiders say the deal is worth about 100 million euros and includes both cash and stock.

February 21, 2022

EU - African Union Summit as Driver for Strengthened Economic Partnership between African Countries and Austria

Austria plans to use the upcoming European Union - African Union Summit as a means to strengthen the economic partnership between African countries and Austria. Read more about Austria's plans for strengthening cooperation with Africa.

February 15, 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

Vienna is Becoming the Start-up Capital of Austria

Vienna's start-ups generated an added value of 3.9 billion euros in 2021, making it the most popular place in Austria for start-ups. Read more about the start-up environment in Vienna and what it has done for the Austrian economy.

February 9, 2022

Economics Minister Schramböck Calls EU Chips Act "An opportunity for Europe"

The European Commission has unveiled its draft for the European Chips Act. Read about the Chips Act and why Economics Minister Schramböck called it "an opportunity for Europe."

February 8, 2022

Inflation in Austria: Government Approves Relief Package to Deal with Rising Energy Prices

Chancellor Nehammer and Vice-Chancellor Kogler held a summit with energy suppliers and assembled a relief package to help combat inflation. Learn what's in the relief package and who will benefit from it.

January 28, 2022

City of Vienna to Provide 120,000 Euros to Migrant Organizations in 2022

The City of Vienna has decided to provide 120,000 euros in funding for migrant organizations and associations to help offset the financial stress of the COVID-19 pandemic. Read about the funding for projects in 2022 and examples of important integration projects from 2021.

January 28, 2022

Expo 2020 Dubai: Austria's Youth Showcase Their Innovation

The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.

January 27, 2022

Forward-looking Agreement for Strengthening Vienna as a Business Location

A joint program of the City of Vienna and the Vienna Chamber of Commerce (WKW) is intended to strengthen and further develop the business location, but also to secure prosperity and quality of life for the city. The ten priority areas include strengthening the location, supporting SMEs and start-ups, climate protection, infrastructure, skilled workers and tourism.

January 25, 2022

FDI in Austria: German Chocolate Group a "Success Story" Just One Year After Mars Takeover

Foreign direct investment is on a downward trend in Austria relative to GDP. It is therefore all the more gratifying that the Baden-Württemberg family-owned company Alfred Ritter is ranked as one of the "success stories" in the ABA ranking barely one year after the Mars takeover and start of production in Breitenbrunn, Burgenland.

January 14, 2022

Austrian Economic Delegation Visits UAE and Expo 2020 Dubai

An economic delegation representing Austria visited the United Arab Emirates (UAE) and the World Expo 2020 Dubai. Read about the delegation's official visit to the UAE.

December 22, 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

New 153-Meter Luxury Tower V22 in Vienna to be Completed by 2025

Construction is currently underway on a new 153-meter luxury tower in Vienna's 22nd district. The project, known as VIENNA TWENTYTWO or V22, is expected to be fully complete by 2025. Learn more about one of Vienna's largest urban development projects and see what it is expected to look like upon completion.

December 7, 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

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

New Cargo Airline DHL Air Austria Creates 54 New Jobs at Vienna Airport

The new cargo airline DHL Air Austria, which is now headquartered at Vienna Airport, will handle European cargo flights in future with eighteen Boeing 757 aircraft and around 176 pilots.

November 12, 2021

Expo Dubai: Viennese Coffeehouse is Culinary Ambassador

The Viennese coffeehouse, Austrian Delight, is serving as the culinary ambassador for Austria at the World Expo in Dubai. Read about how the cafe is representing Austria and what else Vienna is offering at the World Expo.

November 11, 2021

Linhart's Round of Visits to Central Asian Autocrats Was All about Deepening Economic Relations

Foreign Minister Linhart visited the Central Asian countries of Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan to strengthen economic relations. The foreign minister met various leaders and participated in multiple economic forums. Read about the details of his trip to Central Asia.

November 9, 2021

Vienna as a Center of Diplomacy: Bid for Another International Organization

Vienna is bidding to become the European headquarters of the International Vaccine Institute, which has been based in Seoul since 1997 and is responsible for distributing vaccines to developing countries. The aim is to further strengthen Vienna as the official seat of international organizations. Cost: Fifteen million euros within 5 years. Learn more about the background, the plan and the financing of this initiative.

November 8, 2021

Anadi Bank: Former Deutsche Bank Board Member Becomes New Board Member for FinTech

Alp Dalkilic, a former board member at Deutsche Bank, has been appointed to the Management Board at Anadi Bank. Dalkilic is primarily responsible for the bank's FinTech strategy. Read more about Dalkilic and Anadi Bank.

November 5, 2021

Schallenberg at UN Climate Conference: "We can only overcome a global crisis together"

Chancellor Schallenberg recently spoke at the 2021 UN Climate Change Conference (COP26) in Glasgow. The Austrian chancellor stressed the need for international cooperation to fight climate change. Read some of Austria's climate goals, what steps it is taking to achieve these, and what the chancellor said still needs to be done.

November 2, 2021

Austria Deepening Relationship with Gulf States: Foreign Minister Linhart in Qatar

Qatari Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al-Thani and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani recently met with Foreign Minister Linhart in Doha, Qatar. The leaders discussed various issues, including the strengthening of ties between Qatar and Austria. Linhart also met with Qatari business leaders as part of the ReFocus Austria initiative. Read about Linhart's trip to Qatar.

October 29, 2021

Economic Diplomacy a la "ReFocus": Connecting Diplomatic Representatives with Austria's Business Community

Diplomatic representatives in Austria met with members of the Austrian business community as part of the "ReFocus Austria" government initiative aimed at promoting Austrian companies abroad and Austria as a business location. The main focus of this event was opportunities in the "green economy." Read more about this event and "ReFocus Austria."

October 27, 2021

Loss for Vienna: Relocation of Saudi Center to Lisbon Finalized

The controversial KAICIID (King Abdullah Bin Abdulaziz International Centre for Interreligious and Intercultural Dialogue), which is largely financed by Saudi Arabia and is currently based in Vienna, will relocate to Lisbon.

October 25, 2021

Infineon Opened €1.6 Billion High-tech Chip Factory in Villach

After three years of planning and construction and a € 1.6 billion price tag, Infineon Technologies AG finally opened its new high-tech chip factory in Villach, Austria. Read more about the new factory, the chips produced there, and what Infineon does.

October 20, 2021

Vienna's Praterstern to Be Transformed into a Greened and Cooled Lounge Oasis

Vienna's Praterstern is beginning its transformation into a greened and cooled lounge oasis and should be finished by the summer of 2022. Read about the specifics of the revitalization of Praterstern and view some projections of what the area will look like once it is complete.

October 14, 2021

Austria Presents Financial Budget for 2022

Austrian Finance Minister Gernot Blümel presented Austria's draft financial budget for 2022 to the Austrian Parliament in the form of the annual budget speech. The plan includes tax reforms, budget increases for various ministries, estimates regarding the COViD-19 crisis, and more. Read some of the specific provisions in the budget outlined by the finance minister.

October 14, 2021

Business Immigration Office: Vienna Launches New Service Point for Expats and International Companies

As of today, Vienna has its own service office for international professionals (expats) and companies for matters of residence law as well as consultations.

October 13, 2021

Number of Foreign-Controlled Enterprises in Austria Declines

About 11,700 companies in Austria were owned by foreign groups or had owners based abroad in 2019, down about 200 companies or 1.6% from the previous year. Conversely, Austrian companies owned about 6,000 subsidiaries abroad; this was about 0.2% more than the year before.

October 12, 2021

ReFocus Austria: Roundtable in New York as First Initiative in the U.S.

On his stay at the 76th United Nations General Assembly in New York, Foreign Minister Schallenberg held a roundtable event with Austrian and U.S. entrepreneurs to exchange ideas. This was the first of the ReFocus Austria initiative events in the U.S. aimed at strengthening the Austrian economy. Read more about ReFocus Austria and what was discussed at this event.

September 30, 2021

World Expo Dubai: Architecture Award for Sustainable Austria-Pavilion

The Austrian pavilion at the World Expo in Dubai by querkraft architekten consisting of 38 white cone towers has won the first prize in the category "Sustainable Architecture" at the Global Design & Architecture Design Awards 2021.

September 29, 2021

Paris and Vienna Share Focus on Climate Protection

Paris and Vienna, two of the largest cities in Europe, now share a focus on protecting the environment. To see how Paris is working to deal with climate change and how Vienna can learn from it, a Viennese delegation visited Paris to view some projects aimed at countering climate change. Read more about the projects that Paris and Vienna are implementing to protect the cities from the harmful effects of the changing climate.

September 23, 2021