Austrian Economic Legal Issues and Insolvencies

Austria First EU Country to Implement Mandatory Corona Vaccination

Austria has become the first EU country to implement mandatory vaccination against COVID-19 for all adults. Read about the new law, as well as the new incentives the Austrian government is offering for vaccination.

Yesterday

Israel and Austria Step Up Cooperation on Security Issues

Israeli Ambassador Mordechai Rodgold and Austrian Interior Minister Gerhard Karner met for working talks to discuss further cooperation on security issues. Read more about their meeting and what they said about the fight against anti-Semitism.

January 18, 2022

Covid in Austria: Up to 32,000 New Cases Forecasted per Day

Experts are forecasting a stark increase in the number of COVID-19 infections in Austria in the coming weeks. Read more about the current COVID-19 situation in Austria.

January 12, 2022

Omicron Has Led to Quasi-Ban on Entry of Britons, Norwegians, Danes and Dutch into Austria

Due to the rapid spread of the Omicron variant of COVID-19 throughout Austria, entry rules to Austria have been tightened. With Great Britain, Norway, Denmark and the Netherlands, four important countries of origin of tourists have been declared virus variant areas. Read about the restrictions.

December 21, 2021 · Updated: December 23, 2021; 19:35

"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

Nehammer on First Trip to Brussels as Chancellor: "I'm an Ardent European"

Chancellor Nehammer made his first trip to Brussels for the European Council and the EU Eastern Partnership Summit. There he met with the other heads of state and government of the EU member states, as well as EU Commission President Ursula von der Leyen. Read what Nehammer discussed on the trip.

December 16, 2021

Who Is Kazem Gharib Abadi, Iran's Former Permanent Representative to the International Organizations in Vienna?

After serving for over three years as Iran's Permanent Representative to the International Organizations in Vienna, Kazem Gharib Abadi is now the Vice-President of Iran’s Judiciary for International Affairs and Secretary-General of Iran's High Council for Human Rights. Read more about Mr. Gharib Abadi's career path.

December 13, 2021

These Covid Rules Apply After the Lockdown for Vienna and Surroundings

The Austria-wide lockdown ended yesterday and applies to vaccinated and recovered individuals (2G). For the unvaccinated, the lockdown continues to be in effect. What new rules now apply at the federal level and in Vienna and the province of Lower Austria (Wien und Umgebung)?

December 13, 2021

Austrian Compulsory Vaccination Bill is Ready: "We Want Freedom Back!"

The Austrian government has announced that the controversial compulsory vaccination bill is finally ready. Read what Constitutional Minister Edtstadler said about the bill and regaining freedom.

December 10, 2021

Austrians Abroad Want Dual Citizenship at Last

There are growing calls among Austrians abroad for a change to Austria's strict laws regarding dual citizenship. Read about the citizens' initiative "Dual Citizenship for Austria" and the increasing support it is receiving from Austrians abroad, expats in Austria, and Austrian politicians.

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

Austria's Mandatory Vaccination Bill on the Table

The first draft of Austria's mandatory COVID-19 vaccination bill is now available, and it details fines for the unvaccinated beginning in March 2022. Learn how much the fines could be and who may qualify for an exemption from compulsory vaccination.

December 6, 2021

State of Emergency in Vienna: Numerous Demonstrations against Anti-Corona Measures

Vienna was once again subject to demonstrations against measures taken by the Austrian government to combat the spread of the coronavirus. Read about the massive demonstrations and clashes with police in Austria's capital.

December 6, 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

Covid Lockdown Controls: Already 386,000 Inspections and 3,700 Charges

Since the beginning of the intensive COVID-19 lockdown controls, the Austrian police have conducted 386,000 and filed 3,700 charges. Read about the strict enforcement of the latest Covid lockdown.

November 29, 2021

Explained: Compulsory Covid Vaccination for All in Austria as of February 2022

The Austrian government has announced that vaccination against COVID-19 will be mandatory as early as February 2022. Learn more about the new law and what it means for people in Austria.

November 25, 2021

Air Travel to Austria: How Does Entry Work During the Fourth Lockdown?

The current lockdown in Austria due to COVID-19 has yet again complicated entry regulations for travelers. Inform yourself of the latest entry requirements for air travelers arriving in Austria and testing options at Vienna International Airport.

November 25, 2021

Covid in Austria: Lockdown From Monday, Immediate Tightening of Measures in Vienna

Chancellor Schallenberg and Health Minister Mückstein have announced a nationwide lockdown for Austria beginning Monday. As of February 1, 2022, vaccination will be mandatory in Austria. Additionally, Vienna has announced a tightening of COVID-19 measures effective immediately. Read about the upcoming lockdown and the new measures in Vienna.

November 19, 2021

Covid in Vienna: Booster Shots for All after Four Months and Vaccination for Children Five Years and Older

The City of Vienna has decided to offer booster vaccinations for COVID-19 to everyone four months after their second dose. The Austrian capital has also begun vaccinating children 5 to 11 years old. Read about these two new vaccination offers.

November 17, 2021

Migration: Expansion of Value and Orientation Courses for Asylum Seekers Planned

Integration Minister Susanne Raab announced that the mandatory values and orientation courses for asylum seekers will be expanded to include three days of lessons rather than just one. Read more about the expansion of the program and what will be taught.

November 12, 2021

COVID-19 in Austria: Verification of Compliance with Applicable Access Rules Becomes Easier

A new app known as Green Check is now widely available in Austria and has made verification of compliance with COVID-19 access rules much simpler. Read more about the new app and how it works.

November 12, 2021

COVID-19 in Austria: From 3G to 2G Nationwide

After a meeting with the governors of the federal states of Austria, Chancellor Schallenberg announced a nationwide shift from 3G COVID-19 requirements to 2G. Read more about the new rule and what the chancellor said about it.

November 8, 2021

Money Laundering, Tax Offenses and Terrorist Financing on the Rise

The Austrian Ministry of the Interior reported an increase in money laundering, tax offenses, and terrorist financing in 2020. Read more details about this disturbing trend and its causes.

November 4, 2021

COVID-19 in Austria: Concerns About Transition to 2.5G Rule in Workplace

Due to increased COVID-19 cases and hospitalizations, Austria is considering transitioning from the 3G rule in the workplace to a 2.5G rule in the coming weeks. Some government officials are expressing concerns about the implementation of this change. Read about the potential requirement change and the concerns that some have about it.

November 3, 2021

Rating Agency Fitch Affirms Stable Outlook for Austria at AA+

Austria's AA+ rating is supported by a rich, diversified, open and high-value-added economy with strong political and social institutions, according to Fitch, the NYC based rating agency.

October 26, 2021

Smart Borders: Austrian Green Light for Implementation of EU-wide Entry/Exit System

Austria has passed a law to help implement the EU-wide entry/exit system (EES) as stipulated in the EU's "Smart Borders Package." Read more about the new law and what it means for border controls and law enforcement cooperation in the EU.

October 25, 2021

EU Justice Commissioner Reynders and Justice Minister Zadić Share Concerns Over Rule of Law in Poland

The EU Justice Commissioner, Didier Reynders, was hosted by Austrian Minister of Justice Alma Zadić for a working meeting in Vienna. The two discussed various issues, including their shared concern regarding the rule of law following the Polish Constitutional Court's ruling on the primacy of national law over EU law. Read about their meeting and the increased tensions surrounding the Polish court's decision.

October 12, 2021

Ibiza Affair Committee Concludes in National Council: How Corrupt are Austrian Politicians?

How corruptible is Austrian politics? This question was explored by the deputies in the National Council session when discussing the recently published final report of the Ibiza-Affair Investigation Committee. Although the report was unanimously acknowledged, the parties were far apart in their conclusions.

September 23, 2021

Jewish Museum Vienna: Restitution to Ephrussi Family after Decades

The Jewish Museum Vienna has restituted the Franz Adam painting “Camp Scene from 1848 in Italy” to the Ephrussi family. Following the authorization by Defense Minister Klaudia Tanner, ownership of the painting was returned to the heirs of Viktor Ephrussi. The painting was in the Museum of Military History in Vienna after being confiscated from Viktor Ephrussi by the Nazis. Read more about the painting's history and its restitution to the Ephrussi family.

September 14, 2021

Women on the Boards of Austrian Listed Companies: Only 14 out of 192

A study shows that women are still significantly underrepresented on the boards of Austrian companies on the Vienna Stock Exchange. The number of female board members in Austria's listed companies has decreased by one woman compared to the beginning of 2021, leaving the total at 14 out of 192. Read more about the details of the study.

September 6, 2021

Wirecard Scandal: Marsalek Confidant Arrested in Singapore

A close confidant of the Austrian-born former Wirecard board member Jan Marsalek, who is wanted on an international arrest warrant, has been arrested in Singapore. Briton Henry O'Sullivan is considered a close confidant of Marsalek and plays an alleged key figure in the multi-billion Wirecard fraud scandal.

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

Austria's Ex-Vice Chancellor Strache Found Guilty of Corruption

Former vice chancellor and the ex-head of the Austrian Freedom Party (FPÖ) Heinz-Christian Strache has been sentenced to 15 months' conditional imprisonment for bribery at Vienna's regional court. The co-defendant and owner of the private clinic in Vienna-Währing, Walter Grubmüller, was sentenced to twelve months for bribery, also on probation.

August 27, 2021

Latest Corona Update: The Austrian Green Passport - What Is It For?

The Green Passport is now being used by many people to provide proof of vaccination, recovery, or a negative test for COVID-19 in Austria and throughout the EU. Learn more about what the "Green Passport" is and what it is used for.

August 17, 2021

The New Austrian Identity Card: Modern and Forgery-proof

Experts from the Austrian Ministry of the Interior, Federal Criminal Police Office, and Austrian State Printing House have developed a modern and more secure identity card. The release of the cards is accompanied by a new mobile phone app that allows users to verify the authenticity of the new cards.

August 6, 2021

City of Vienna and Vienna Business Agency Create New Business Immigration Office

The Vienna Business Agency and Vienna City Government have partnered to create the Business Immigration Office (BIO). The BIO will help streamline residence permit and immigration issues and offer help with integration for key personnel and highly skilled workers.

July 15, 2021

UK to End Quarantine for People Vaccinated in the UK Returning from Austria

United Kingdom Prime Minister Boris Johnson announced that the government would begin easing COVID-19 restrictions for England on 19 July. People vaccinated in the UK will no longer be required to quarantine when returning from "Amber List" countries like Austria. Read more about this and what else the PM said will change.

July 13, 2021

Latest Travel Restrictions Between the United Kindom and Austria

There are still travel warnings regarding travel between the United Kingdom and Austria due to the spread of COVID-19 variants. Germany and some other EU countries are loosening restrictions on vaccinated Britons, but travelers should still expect to quarantine when traveling from Austria to the UK. Learn more about the latest travel restrictions between the two countries.

July 12, 2021

Arab Ambassadors in Vienna and Economic Relations between their Countries and Austria

The Ambassadors from Egypt, Iraq, Jordan, Morocco, Oman, Palestine, Qatar, Tunisia, and the UAE to Austria provided an economic overview of their countries and their relationship with Austria in an online forum with the Austro-Arab Chamber of Commerce (AACC).

July 11, 2021

Handy-Signatur in Austria: What It Is and How to Get It

The Handy-Signatur is an important tool to have in Austria. It is useful for accessing many online portals, including health insurance and the new Green Pass for proof of COVID-19 vaccination. Learn more about it.

July 8, 2021

EU Commission Takes Legal Action Against Austria

The European Commission has taken legal action against Austria and other Member States that fail to comply with EU law. In the case of Austria, several allegations have been put forward. Read more about them below.

June 11, 2021

Tikhanovskaya and Kurz: Targeted Sanctions for Belarus Needed

Svetlana Tikhanovskaya, Belarusian opposition leader, and Austria's Chancellor Sebastian Kurz held a video conference to discuss the current developments in Belarus. Read more about possible sanctions below.

June 2, 2021

Liechtenstein's Prime Minister Met Kurz and Blümel in Vienna

The new Prime Minister of Liechtenstein, Daniel Risch, came to Vienna for a working meeting with Austria's Chancellor Sebastian Kurz and Finance Minister Gernot Blümel. On the agenda of the talks was the management of the Covid-19 pandemic, in particular the border management, and digital taxes.

April 30, 2021

Extension of Re-Employment Promise in Austria Gives Planning Security

In order to alleviate the hard-hit tourism industry, Austria's Labor Minister Martin Kocher and Tourism Minister Elisabeth Köstinger have announced to further extend the re-employment promise until the end of official closures. This gives the respective businesses more planning security, since they will not have to worry about their well-trained employees.

March 31, 2021

Austria Joins European Financial Reporting Advisory Group

According to Austria's Finance Minister Gernot Blümel, Austria's accession to the European Financial Reporting Advisory Group (EFRAG) strengthens Austria's interests at the international level and allows for a more active role in European and international standard setting in financial reporting.

March 29, 2021

Vienna - Salzburg: Frequent Intervals Will Be Maintained

The important rail connection between Vienna and Salzburg will keep having regular intervals due to an emergency award by the Austrian Ministry of Climate Protection. The ministry will continue to order trains from the Austrian Railways (ÖBB) and Westbahn in order to assure a frequent rail connection until April 7.

February 15, 2021

Slovenia's Foreign Minister and State Secretary Met Edtstadler

Slovenia's Foreign Minister Anže Logar and State Secretary Gasper Dovžan met with Austria's Minister for European Affairs Karoline Edtstadler in Ljubljana to discuss about a possible European vaccination certificate, EU enlargement and about the future of the European Union.

February 8, 2021

WKO Heads: Easing of Lockdown Was Necessary

Both, the Austrian Federal Chamber of Commerce's (WKO) President, Harald Mahrer, and Secretary General, Karlheinz Kopf, are pleased by the government's decision to open the retail sector and body-related service providers again. They furthermore demand a clear perspective for industries that are yet to be opened.

February 4, 2021

Blümel: EU's Raise of State Aid is Necessary Step

The European Commission has extended its framework for state aid to support companies that are affected by Covid-19. In addition to the extension, the current thresholds have been raised, which was a highly necessary decision according to Austria's Finance Minister Gernot Blümel.

January 29, 2021

WKO: Lockdown Extension a "Blow For Domestic Trade"

Once again the Austria's Federal Chamber of Commerce (WKO) does not entirely support the federal government in its decision to extend the lockdown and cancel the opportunity to escape the lockdown with a negative Covid-19 test. The WKO demands plans for the affected companies and aid for the suppliers indirectly affected by the crisis.

January 5, 2021