Austrian Investment News and Analysis
Read the latest headlines about developments in the investment environment in Vienna and Austria
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
Investing: Why Your Company Should Establish a Branch in Austria
Every crisis also opens up opportunities e.g. to revise your current strategy and to develop a new one - and time to consider new markets to expand to. Austria stands out in Europe as a highly developed business location and has weathered the crisis well so far.
May 22, 2020
Ryanair's Laudamotion to Close Vienna Base
Laudamotion closes its base in Vienna on 29 May, 300 people lose their jobs. The trade union Vida did not agree to an ultimatum by the airline, which would have brought a new collective agreement with significantly lower wages.
May 22, 2020
COVID-19 Drug Made in Austria
Austrian biotech company Apeiron Biologics AG, which is currently working on a drug to treat the coronavirus, announces financing round for the further development of the COVID-19 drug APN01.
May 19, 2020
Austria Becomes Self-sufficient in the Supply of Mouth and Nose Masks
Hygiene Austria LP GmbH, founded only 4 weeks ago by a cooperation of Lenzing AG and Palmers Textil AG with the aim of producing and selling protective masks for the domestic and European market, was made known to a wider public today by the visit of Federal Chancellor Kurz and Minister of Labour Christine Aschbacher, and two weeks ago by the visit of Federal Minister Margarete Schramböck.
May 19, 2020
War for Global Telecom Infrastructure Supremacy: Vienna first EU Capital with Area-wide 5G Network
While the Third World War is raging backstage between the USA and China for world supremacy in 5G infrastructure, Huawei wins another milestone in Vienna. Digital City Councilor Peter Hanke has set the goal "Vienna should become the first city in Europe with a complete 5G network". The city is supporting the network expansion with 20 million euros.
May 18, 2020
Another Electric Rental Scooter Has Arrived in Vienna
"Emmy", a Berlin-based start-up and electric scooter sharing company is rolling into Austria. The scooters are now also available for short-term rental in Vienna in addition to major German cities. Further Austrian cities are to follow.
November 15, 2019
Austrian Airlines Sacks 10% of Its Workforce
AUA Austrian Airlines is planning drastic job cuts. Of the current 7,000 jobs, one in ten will be cut by the end of 2021. 700 to 800 employees are expected to be affected. EUR 90 million should be saved annually.
November 7, 2019
Austro-Arab Chamber Secretary General Receives “Decoration of Merit in Gold of the Province of Vienna”
The AACC Austro-Arab Chamber of Commerce in Vienna announced that Secretary General Dipl.-Ing. Mr. Mouddar Khouja was awarded the "Decoration of Merit in Gold of the Province of Vienna", in recognition of his dedication and devotement to the province of Vienna through his personal initiatives and in his professional capacity as Secretary General of AACC.
November 4, 2019
30th Anniversary Celebrations of Austro- Arab Chamber of Commerce
The AACC Austro-Arab Chamber of Commerce held a gala in the ballroom of the Vienna City Hall on the occasion of its 30th anniversary and on the occasion of the 11th Arab-Austrian Economic Forum & Exhibition.
October 25, 2019
Buy Local - Invest Global: How to Invest Your Money on the Vienna Stock Exchange
Expats in Austria now have access to over 680 internationally sought-after securities from 26 countries at local conditions.
October 25, 2019
Austria Connect Greater China: Digital Transformation and Tomorrow's Customers
The Austrian Chamber of Commerce in Hong Kong hosts the largest Chinese-Austrian networking event in Asia.
October 22, 2019
Number of Foreign-Controlled Companies in Austria Up By Around 6%
The number of Austrian companies that were part of a foreign group or owned by foreign shareholders rose by 5.9% to almost 11,500 in 2017.
October 4, 2019
Federation of Industries Warns Against Wrong Location Policy Decisions
In the context of the current election discussions, the Federation of Austrian Industries (Industriellenvereinigung) appeals to the political rationality of all parties with regard to location not to take short-sighted and ill-considered decisions.
September 20, 2019
Investing in Austria: New Provisions for the Screening of Foreign Direct Investments
The Federal Ministry for Digital and Economic Affairs recently published a consultation draft for amendments to those provisions. The new regulation is supposed to create more transparency and certainty around FDIs in Austria.
September 19, 2019
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