Get updated news about developments in Vienna's inter-cultural environment: lifestyle, travel destinations, art exhibitions, restaurant- & event-suggestions
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Vienna International Guide - Austrian Lifestyle, Travel, Arts, Culture

Baxter Enlarges Viennese Site

The U.S. pharmaceutical group makes investments of € 30m in Vienna. The start of operation of a new production facility is planned in 2014.

May 18, 2012

Congresses: Vienna Ranks First

Vienna is still number one worldwide in cities hosting international congresses. The U.S. takes first in the country category.

May 18, 2012

U.S. Delegation Impressed by Austrian Urban Technologies

“Austria is probably 10 years ahead of the U.S. in regard to urban planning and implemented technologies,” was the credo heard from visiting U.S. experts on urban planning when visiting Austria in April 2012.

May 2, 2012

Gorenje Not to Move to Vienna

The Slovenian producer of household appliances was said to move to Vienna. CEO Franjo Bobinac declines the rumors.

April 20, 2012

Gorenje Considers Setting Up Headquarters in Vienna

The Slovenian producer of household appliances is said to move to Vienna. The company does not comment this information.

April 19, 2012

Oberbank Aims For „Organic Growth“

The Upper-Austrian regional bank continues its growth course and underlines its financial stability and independence.

April 6, 2012

Most Important Cities: Vienna Catches Up

In the ranking of the most important global cities, the Austrian capital could improve substantially. The most severe weakness is the economic activity.

April 3, 2012

s Immo Welcomes City of Vienna as New Tenant

Arkade Meidling looks back at a successful 2011, in which both sales and frequency were increased. Now, the Austrian real estate company won the City of Vienna as new tenant.

April 3, 2012

Austria Must Underline its Headquarter Function

Austria as hub for CEE markets is still popular. Nevertheless, there is a lack in a sustainable and flexible strategy. The geographical proximity to CEE countries is insufficient.

April 2, 2012

Moderate Increase in Vienna-held Congresses

3,151 congresses were held in Vienna in 2011. This is an increase by 7.0%.

March 27, 2012

Strabag Extends Viennese Underground

Extension of underground line U1 in Vienna: The Austrian construction group receives contract for two construction lots. The order value reaches about € 90m.

March 21, 2012

GDP per Capita: Vienna Ranks 11th

In 2009, Austrian regions remained above average in terms of regional GDP per capita in the EU.

March 13, 2012

CSC Establishes its CEE Headquarters in Vienna

The U.S. IT service supplier CSC upgrades the Viennese subsidiary as regional headquarters for ten countries.

February 22, 2012

Major Sale at Immofinanz

The Austria real estate group sells an inner city palace in Vienna. The sale price reaches € 22m.

February 13, 2012

Central-Upper Austria Overtakes Vienna in GDP per Capita

The urban Upper Austrian region Linz-Wels has the highest GDP per capita in Austria. Vienna ranks second.

January 31, 2012

After Downgrade of Vienna: No Consequences Expected

The Viennese financial senator Renate Brauner does not fear negative impacts on Vienna´s finance. This week, the city was downgraded by S&P.

January 27, 2012

S&P Downgrades Austrian Provinces

The U.S. rating agencies lowers ratings for Upper Austria, Vienna and Tyrol from “AAA” to “AA+”.

January 26, 2012

Austrian Wage Tax Intake Grows

The Austrian wage tax volume totaled 21.6bn in 2010. Gross wages were up by 2.5%.

January 11, 2012

Real Estate Prices Still on the Rise

Rents were up by 2.7% in Vienna. Property prices rose by 2.2%. A further increase is expected.

January 2, 2012

Real Estate Boom in Austria

Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.

December 14, 2011

Vienna Has the Best Living Standard

The Austrian capital defended its position as the city with the highest standard of living. It is followed by Zurich and Auckland.

November 29, 2011

New September Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 5.0% in September 2011. Hotel revenue grew by 7.7% in the first nine months of the year.

October 20, 2011

Vienna Again Among Top 5 in Innovation Cities Global Ranking

Boston came first again in a field of 331 cities in the Innovation Cities Global Index. This year’s among top five cities apart from Boston were San Francisco, Paris, New York and Vienna. Prague was 43th, Budapest 47th.

October 19, 2011

Warsaw Ahead of Vienna and Prague in the Ranking of the Most Attractive European Business Cities

Warsaw moved up three places in the ranking of the most attractive European cities to locate a business, prepared by Cushman & Wakefield.

October 13, 2011

Trainees in Vienna „Not Satisfied“

A study of the Viennese chamber of labor published, that a large number of trainees is not satisfied with their apprenticeships.

October 8, 2011

Vienna Hosts the World´s Largest Transport Event in 2012

ITS EUROPE is organising, in close cooperation with its counterpart regional organisations and the Host organisation, the 19th World Congress on Intelligent Transport Systems and Services (ITS) in Vienna, Austria.

September 7, 2011

Manner: Results Burdened by High Commodity Prices

The Austrian candy manufacturer posted a loss of € 2m in the first six months of the year. Revenue increased by almost 11%.

August 31, 2011

New Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 1.8% in July 2011. Hotel revenue grew by 13.7% in the first half of the year.

August 19, 2011

Bank Austria Finances Portfolio of Apartment Houses in Vienna

The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.

August 2, 2011

Immofinanz Completed Sale of Office Campus Gasometer

The Austrian real estate company and its partner sold an office property in Vienna for € 75m to Bank Austria Real Invest.

August 1, 2011

Immofinanz Sells Office and Retail Property in Vienna

The Austrian real estate group sold a property located at Simmeringer Hauptstraße in Vienna to HIH Global Invest GmbH for € 29.2m.

May 30, 2011

Austria's Importance as a Location for Conventions increases

Events, conferences and trade shows are developing as an important part of Austria’s tourism industry. By international comparison, Austria is already ranks in eighth place.

May 5, 2011

Declining Profits for Manner

The Austrian candy manufacturer experienced a steep rise in expenditures for commodities. EBIT declined from € 7.0m to € 4.2m.

April 30, 2011

Vienna’s Real Estate Market is Booming

With the third quarter of 2010, the trend started to reverse for the Viennese real estate market. Property is booming again, rental real estate loses demand.

April 28, 2011

Vienna International Airport: Kirschner is the New Chairman of the Supervisory Board

Ewald Kirschner will temporarily lead the Supervisory Board until CEO Christoph Herbst takes over the chair again. Opinions are divided concerning the privatization of the company.

April 27, 2011

Christof Holding AG Takes over BEA Electrics from bluO

With the acquisition of 100 % of Vienna-based BEA Electrics, the Styrian Christof Holding AG, which is wholly owned by the Christof family, continues its expansion.

April 27, 2011

Lower Austria Seeks Airport Privatization

Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.

April 23, 2011

Herbst’s Withdrawal is Imminent

The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.

April 22, 2011

Overnight Stays Record for Vienna in March: +3.3%

This year, Vienna recorded its so far highest March concerning overnight stays: 867,000 overnight stays, an increase of 3.3% over March 2010.

April 21, 2011

Vienna Harbour is Cooperating with the Port of the Emirate of Sharjah

In future, the ports of Vienna and the Emirate of Sharjah intend to cooperate more strongly. An agreement to this end was signed on Monday at the port of Vienna.

April 14, 2011

Vienna Reacts to Predicted Housing Shortage

Union and construction industry welcome the "housing offensive" of the city government.

March 17, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Decreasing Wine Production in Austria

According to Statistics Austria's wine harvest survey 2010, a wine production of 1 737 500 hl was achieved, produced on an area of 43 700 ha (-3% to 2009).

March 5, 2011

Economic Policy: Criticism of Berlin, Praise for Vienna

The leader of the German Left Party, Gregor Gysi, says that Vienna has lead a better economic policy after the fall of the Soviet bloc than Berlin.

March 4, 2011

Kapsch: In-sourcing from China to Austria

The Viennese Kapsch CarrierCom brings the production of GSM systems from China back to Austria.

February 19, 2011

Epic Acquires 93% of Ukrtelecom

The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn

February 15, 2011

Jank: Vienna Leads in Company Start-Ups

Almost 8,000 enterprises founded in 2010, a quarter of all Austrian start-ups, comes from Vienna.

February 10, 2011

The Westbahn Complains Because of ÖBB-Subsidies

In December, the new “Westbahn” (Western Railway) will start competing with the ÖBB (Austrian state railways) which are allegedly being privileged by the government.

February 3, 2011

Siemens Austria Receives an Order for Poland

The Austrian subsidiary of the German technology group will supply 35 trains worth € 272m of the new Metro-generation "Inspiro" to Poland.

February 3, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011