Austrian Investment News and Analysis

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

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

The 250th Anniversary of the Vienna Stock Exchange

The Vienna Stock Exchange recently celebrated its 250th anniversary since it was founded by Maria Theresa. Minister of Finance Gernot Blümel congratulated the stock exchange on its anniversary and advocated for the implementation of a government program and retention periods to incentivize Austrians to invest in the domestic economy. Minister Blümel and Vienna Stock Exchange CEO Christoph Boschan both advocated for educating the public on financial topics. Read more about the Vienna Stock Exchange and what the pair said on its anniversary.

September 14, 2021

1.8 Million Euro Seed Funding for Austrian Crypto Investment Start-up

The cryptocurrency investment start-up Coinpanion is receiving € 1.8 million in seed investments from well-known investors in Austria and Germany. The lead investor is the German High-Tech Gründerfonds (HTGF), one of the most active venture capital funds on the European market. Read more about the start-up and those investing in it.

September 2, 2021

Are "Green Bonds" also Coming to Austria?

At the European Forum Alpbach, Austrian Finance Minister Gernot Blümel announced that Austria wants to issue a so-called "green bond" in the first half of 2022. The Ministry of Finance and Federal Financing Agency (OeBFA) have already completed the necessary technical work to issue the bonds. Read more about "green bonds" and Austria's plans to begin issuing them.

September 1, 2021

ÖBAG: Attorney Edith Hlawati to Succeed Thomas Schmid

The Supervisory Board of Österreichische Beteiligungs AG (ÖBAG) has appointed the internationally recognized business lawyer Dr. Edith Hlawati as the new Chief Executive Officer of ÖBAG. She will succeed Thomas Schmid and take over the management of the state holding on 1 February 2022. Learn more about her and the selection process.

August 30, 2021

The Chamber of Commerce Switzerland-Austria-Liechtenstein Turns 100 Years Old

The Chamber of Commerce Switzerland-Austria-Liechtenstein or Handelskammer Schweiz-Österreich-Liechtenstein (HKSÖL) has supported economic relations between the countries for 100 years. They provide professional assistance to companies in these countries and Central and Eastern Europe. The HKSÖL has facilitated a particularly successful economic relationship between Austria and Switzerland. Read more about what the HKSÖL does and the Austro-Swiss economic relationship.

August 27, 2021

Austrian Business Agency: René Tritscher Succeeds René Siegl

René Tritscher has succeeded René Siegl as the new Managing Director of the Austrian Business Agency (ABA). Read about Mr. Tritscher's views on the future of the agency, as well as his previous experience working for ABA - WORK in AUSTRIA and the Austrian Economic League (Österreichischer Wirtschaftsbund).

August 24, 2021

Importance of Economic Relations Between the United States and Austria

The American Chamber of Commerce in Austria (AmCham Austria) presented a new study on the importance of economic relations between the United States and Austria. AmCham also provided a position paper with five key recommendations to the Austrian Minister for Digital and Economic Affairs Dr. Margarete Schramböck and Secretary-General of the Austrian Foreign Ministry Peter Launsky-Tieffenthal. Read about the findings of the study and AmCham's recommendations.

August 23, 2021

Vienna's New International Long-Distance Bus Terminal

Construction on Vienna’s new international long-distance bus terminal funded by Donau Busterminal Realisierungs GmbH and designed by Burtscher-Durig is set to begin by the end of 2022, and the terminal is expected to be operational by 2024 or 2025. Read more about the estimated project costs of 200 million euros and some of the advantages it presents to international travelers.

August 18, 2021

Opportunities for Businesses in India and Austria

The Ambassador of India to Austria, H.E. Jaideep Mazumdar, and the President of the Federation of Austrian Industries discuss collaboration between Indian and Austrian companies.

July 19, 2021

China and Austria: Extension of Climate Neutrality Research Agreement

On the occasion of the 50th anniversary of diplomatic relations between China and Austria, the Chinese Minister of Science and Technology Wang Zhigang and Austria's Climate Protection Minister Gewessler extend the agreement for cooperation in research and technology in the field of climate neutrality.

June 1, 2021

New Cargo Airline Relocates to Austria

Express service provider DHL Express is relocating a large part of its cargo airline from England to the Vienna area. The new cargo airline for the European market, based in Austria, is said to be a strong signal for the location.

May 26, 2021

Business Location: Austria Invests in Broadband Internet

The Austrian government has announced plans of investing EUR 1.4 billion into broadband expansion. The aim of the investment is to strengthen Austria as a business location and to enhance economic development in rural areas. By 2030, a quick and stable Internet connection will be provided nationwide.

April 29, 2021

Potential Closure of MAN Plant in Austria

After the majority of the workforce in the MAN plant in Steyr voted against a takeover concept of a potential investor, Austria's federal and state governments are highly invested in supporting a solution that would save more than 1,000 jobs in Steyr, Upper Austria. No solution would mean a closure of the plant by 2023.

April 14, 2021

Vienna Celebrates 25 Years of EU Funding

One year after Austria's accession to the EU in 1995, the first projects with the help of the European Union were established in Vienna. 25 years later, in 2021, Vienna looks back at the hundreds of projects, which improved various aspects of the city and were only possible due to the funding provided from the European Union.

April 8, 2021

Austria Celebrates 40-Year Anniversary of Membership with European Space Agency

Austria has been part of the European Space Agency (ESA) for 40 years. Since 1981, Austria's domestic businesses, which are specialized in the field of space industry, have benefited from the membership, while "with the help of space research, Austria can take better and more effective action against the climate crisis", according to Austria's Climate Minister Leonore Gewessler.

April 2, 2021

High-Level Exchange on the "European Battery Alliance" with Austrian Participation

Austria's State Secretary at the Ministry of Technology, Magnus Brunner, participated in a high-level discussion on the "European Battery Alliance", which focused on the goal of making Europe an important and global player for battery innovation. Austria will be investing EUR 45 million in the project, while Austrian companies add another EUR 110 million.

March 17, 2021

Vienna Still Attractive for International Companies

In 2020, Vienna has welcomed more than 200 new companies despite the difficulties resulting from the Covid-19 pandemic. Mayor Michael Ludwig interprets "the high level of interest" from foreign companies in Vienna as a result of Vienna being regarded as "stable and safe economic ground".

March 12, 2021

Down Under Hotel Flair for Vienna

Adina Apartment Hotels, a hospitality brand and a market leader in high-quality apartment-style hotels originating from Australia, has announced its flagship Adina brand will debut in Vienna. One of only seven hotels to offer a swimming pool in Vienna, the "Adina Apartment Hotel Vienna Belvedere", developed by Signa Real Estate Management GmbH, will literally make a splash in Vienna’s ultra-modern Quartier Belvedere when it opens in April of 2021, completed with a heated indoor pool and sauna.

February 15, 2021 · Sponsored Content

Microsoft Investment in Cloud Data Center Adds €2 Billion in Value for Austria

The data center for Austria, which Microsoft announced last fall as a milestone, is taking concrete shape. Microsoft has acquired operational building land for this purpose. The data center ecosystem is expected to include more than 4,000 local partners and cloud-using customers. It also announced investments in a new Center of Digital Excellence and skills training for up to 120,000 Austrians by 2024.

February 5, 2021

Swedish Digital Platform Sellpy Launches in Austria

The e-commerce platform for selling second-hand fashion has now also been launched in Austria, following Sweden, the Netherlands and Germany. As a result, Sellpy, which is part of the H&M Group, is now active in four countries.

February 3, 2021

Ryanair to Close its Base in Vienna

The low-cost airline Ryanair will be closing down its base in Vienna. According to a leaked internal report, the parent company of Austrian Laudamotion, will move the base of its three Boeing planes to a not yet disclosed European airport and close down the base on Vienna's airport.

December 4, 2020

Increase in Funding for Carinthian Slovenes

In the year of the 100th anniversary of the Carinthian referendum, the National Council has decided to contribute another EUR 4 million to the support of the Slovenian ethnic group in Carinthia. Chancellery Minister Raab sees this "a clear signal of appreciation" for ethnic groups in Austria.

November 20, 2020

Vienna Is the Sixth Largest City in the European Union

After London pulled out and Bucharest moved up, Vienna has consolidated itself in sixth place among the largest cities in the European Union. But who is the new European leader, and who are the other cities ahead of Vienna in the ranking? What are the reasons why living in Vienna is so popular with other Austrians, expats, migrants and refugees?

November 9, 2020

Danger for Winter Tourism: Germany Warns Of Travel to Austria

After Germany had warned against travel to Vienna, Tyrol and Vorarlberg last week, rising Covid-19 infection rates in other parts of Austria have led to an expansion of the travel warnings to almost every federal state of Austria. These warning will be in effect on Saturday with no end in sight.

October 22, 2020

September: 75 Percent Fewer Overnight Stays in Vienna

Compared to September 2019, Vienna has recorded 75 percent less overnight stays this year. Due to Covid-19 and current travel regulations, the City of Vienna faces a drastic reduction in tourists which can be also observed when looking at the statistical measurements.

October 20, 2020

First Microsoft Cloud Data Center in Austria

Microsoft has announced the establishment of Austria's first ever data center region. Chancellor Kurz says that this "represents a decisive competitive advantage" and thanks Microsoft for the commitment to Austrian companies and their employees.

October 20, 2020

Austrian Railways: EUR 17.5 Billion of Investment Until 2026

The railway system in Austria will see impactful investments in the near future. Due to a package of around EUR 17.5 billion until 2026, the Federal Government together with Austrian Railways (ÖBB) will try to make travelling and transporting by rail even more attractive to customers.

October 20, 2020

EU Health Agency Classifies Austria as Red

After rising infection rates in Austria, the EU has issued the highest warning stage and switched the traffic light to red. Although there are no binding regulations or recommendations in connection with the traffic light, a decrease in travel is to be expected.

October 19, 2020

Investor Survey: Vienna Among Top 3 Locations for Real Estate Investments

Despite the Covid-19 crisis, Vienna is still one of the most attractive European metropolises for real estate investments. According to a recent survey among investors, London, Berlin and Vienna make up the Top 3 locations in which real estate is highly sought.

October 19, 2020

Increase in Funding for Austria's Ethnic Groups

Ethnic groups in Austria will be receiving more funding due to a recent decision made by the Austrian government. The last increase dates back 25 years ago, which is why high-ranking politicians were in favor of supporting the ethnic groups even more.

October 9, 2020

Schramböck: "Every New Infection Is a Potential Danger for the Business Location"

Federal Minister for Economic Affairs Schramböck empasizes the importance of low infection rates for the business location. She demands more rigid measures for Vienna, which is currently the Covid-19 hotspot in Austria.

October 5, 2020

UNESCO Honors Vienna with "Smart City" Award

The city of Vienna was recognized by UNESCO fo its "innovative, intelligent, networked and explicitly sustainable" housing policy. Besides Vienna, other cities, such as Shenzhen (China), Dakar (Senegal) and Singarpore, have received other awards.

September 30, 2020

Increase of Budget for Investment Subsidies to EUR 2 Billion

The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.

September 23, 2020

Environmental Support Act: 1 Billion for Climate Protection Support until 2022

The National Council is in favor of a budget increase dedicated to climate protection. In detail, the Environment Committee wants to raise the amount of funding to EUR 1 billion by 2022 which will be invested in biogenic heating networks, renovation of buildings and other measures.

September 17, 2020

Digital Days 2020 on the "Digital Capital of the People"

The Digital Days 2020 organized by the City of Vienna will be held as an online conference with the main theme being "Digital Capital of the People". It will take place from September 30 to October 1 and registration is free of charge.

September 14, 2020

WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge

The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.

September 7, 2020

New Investment Subsidy Should Encourage Businesses to Invest

In order to encourage more investments, the Ministry for Digital and Economic Affairs implemented a subsidy for new investments with focus on digitalization, life science, health and sustainability. The subsidy does not have to be paid back and businesses can apply for it from now on.

September 1, 2020

Industry at Alpbach Technology Talks: Austria's Federation of Industries Demands to Start the Technology Offensive Now

The President of the Federation of Austrian Industries (Industriellenvereinigung) Georg Knill used the European Forum Alpbach to underline the importance of research, technology and innovation for a wealthy future economy.

August 28, 2020

Austria's Second Amazon Distribution Center Opens in Vienna

Amazon opens its second parcel distribution center in Austria. 120 employees will work in the 7,900 square meter building.

August 20, 2020

Austrian Chamber of Labour: EUR 315 Million Could Create 75,000 Jobs

According to an expert of the AK Austrian Chamber of Labour, 75,000 jobs can be created with the spending of EUR 315 million. This might be worth a thought in an economic challenging situation due to Covid-19.

August 18, 2020

Subsidies for New Investments in Austrian Economy

The Austrian government has put in place an investment subsidy in order to support the Austrian economy during the Covid-19 crisis. Business investments will be subsidized with up to 14% of the eligible costs.

August 17, 2020

Visit of US Secretary of State to Austria Results in a Joint Declaration by Austria and the United States

A joint declaration by Austria and United States was issued as part of US Secretary of State Mike Pompeo's visit to Austria. The declaration included, among other topics, commitment to rebuilding efforts after the Covid-19 crisis and the creation of an even better bilateral dialogue.

August 15, 2020

Foreign Direct Investment into Austria Last Year Still Unbroken

According to the Austrian Business Promotion Agency for foreign corporate investors, 462 international companies with an investment volume of 1.85 billion euros were still being supported in 2019 in establishing a business in Austria. This resulted in the creation of almost 5,000 new jobs.

July 27, 2020

ABA - Invest in Austria: 270 Attendees at Austrian Business Agency Event

According to "ABA - Invest in Austria: Austrian Business Agency", 270 companies interested in investing in Austria took part in the first virtual open day to learn about new business models and general conditions for foreign companies in Austria during and after the Corona crisis.

June 25, 2020

Arab - Austrian Expert Forum on the Economic Challenges in Light of Corona Pandemic

The economic obstacles that the Arab world faces due to the wide spread of the coronavirus, the enormous medical efforts that are being made to find a cure for this virus, and the challenges that the economic and trade relations between Arab countries and Austria in particular face in times of the coronavirus, were the main topics that centered around the geneticist and molecular immunologist Prof. Dr. Josef Penninger.

June 22, 2020

Novartis Opens Production Facility for Innovative Eye Retina Product in Tyrol

The pharmaceutical company Novartis is investing EUR 27.4 million in the Kundl site in Tyrol to produce an active ingredient for a new therapy for wet age-related macular degeneration with 40 employees.

June 20, 2020

Another COVID Casualty: Austrian Airline Discontinues Flight Operations

The Austrian low-cost airline "Level" and subsidiary of British Airways (IAG International Airlines Group) has discontinued flight operations with immediate effect. The airline was hit hard economically by the consequences of the Covid 19 pandemic in Europe. A continuation of flight operations is not planned. About 200 employees in Vienna are affected by the bankruptcy.

June 19, 2020

Investing in Vienna: All-time High for the Settlement of International Companies

In 2019, the City of Vienna in cooperation with the Austrian Business Agency (ABA) was able for the eighth time in a row to set a new settlement record with 266 international companies settling in the city. With 25 companies settling in Vienna, the USA came second in the list of the ten most important countries of origin, behind Germany with 61 projects.

June 2, 2020