Latest Headlines about other Business & Economic Developments

Chinese Ambassador QI Mei Strengthens Relations During Working Visit to Salzburg

China's ambassador to Austria, QI Mei, used the Salzburg Festival as an opportunity to strengthen relations between China and Austria. She paid an official working visit to the province of Salzburg, which was marked by political exchange, cultural diplomacy, and economic cooperation.

August 3, 2025

FPÖ Warns of Impending Gas Shortage and Dependence on the U.S.

The FPÖ is sounding the alarm and urgently warning the EU of an impending gas shortage that could be triggered by the Union's climate targets and possible supply stoppages from abroad. In a recent press release, the party once again describes EU climate policy as unrealistic and a threat to Europe's prosperity and competitiveness, warns against the U.S., and defends Russia.

August 3, 2025

EU Approves 1.6 Billion Euros for Comprehensive Reforms in Austria

The European Commission today approved Austria's second payment request for €1.6 billion from the NextGenerationEU recovery plan. In doing so, the Commission confirms that Austria has successfully met the ambitious 67 milestones and targets for the second and third installments.

July 30, 2025

OPEC Fund Development Forum 2025: Global Partners Seek Ways to Build a Stronger Future

The international development community is gathering in Vienna for the fourth OPEC Fund Development Forum. Under the theme “A Transition that Strengthens Our Tomorrow,” more than 500 high-level representatives, including heads of state, ministers, and heads of international institutions, are coming together in the historic setting of the Hofburg Imperial Palace to discuss pressing global challenges.

July 29, 2025

FPÖ Files Complaint over Suspicion of Breach of Trust in EU Funding for NGOs

The Freedom Party of Austria (FPÖ) filed a complaint on suspicion of embezzlement in connection with the payment of EU Commission subsidies to various organizations and associations. This move belongs to a greater strategy that aims to weaken European integration and instead promote a renationalization of politics.

July 29, 2025

Nuclear Talks in the Shadow of Tensions: Iran and the E3 Struggle for Nuclear Agreement

Nuclear talks between Iran, Germany, France, and the United Kingdom took place in Istanbul, aimed at finding a solution to the controversial Iranian nuclear program. Although no concrete results have been announced yet, the talks are set to continue.

July 28, 2025

Rubio Received Meinl-Reisinger: Focus on Trade, Global Tensions, and the Transatlantic Partnership

Austrian Foreign Minister Beate Meinl-Reisinger traveled to Washington to meet with her U.S. counterpart, Marco Rubio, to reaffirm bilateral relations and discuss pressing global challenges. The focus was on issues important to Europe, such as transatlantic trade dialogue, the wars in Ukraine and the Middle East, and stability in the Western Balkans.

July 28, 2025

AUA Resumes Flights to Tel Aviv in August

Austrian Airlines (AUA) will resume flights to the Israeli metropolis of Tel Aviv on August 1. The Lufthansa subsidiary announced this decision following a “thorough security assessment.”

July 25, 2025

Vienna and GLOBAL 2000 Secure Drinking Water Supply in Ukraine

The City of Vienna and the environmental protection organization GLOBAL 2000 are intensifying their long-standing cooperation to secure the drinking water supply in Ukraine. With the installation of nine additional water treatment plants in the Kharkiv region, thousands of people now have access to clean drinking water.

July 25, 2025

Uganda Opens New Vienna Mission to Power Nuclear Energy Ambitions

Uganda has strengthened its commitment to nuclear energy development with the establishment of a new diplomatic mission in Vienna. This strategic move is primarily aimed at enhancing collaboration with the International Atomic Energy Agency (IAEA) as Uganda accelerates its efforts to harness nuclear power for domestic electricity generation.

July 24, 2025

Former Chancellor Karl Nehammer Becomes Vice-President of the European Investment Bank

Former Austrian Chancellor Karl Nehammer (ÖVP) has been officially appointed as the new Vice-President of the European Investment Bank (EIB). He will take up his post on September 1, 2025, succeeding Swedish Vice-President Thomas Östros. The appointment was made following a decision by the finance ministers of the 27 EU member states, who represent the EIB's shareholders, on the recommendation of Austria.

July 23, 2025

UN Drug Policy in Peril: U.S. Cuts and Global Tensions Could Spark Global Crisis

International drug policy and the organization that implements it, the United Nations Office on Drugs and Crime (UNODC), are in the midst of an unprecedented crisis. A dramatic shift in U.S. policy under Donald Trump's “might makes right” approach, drastic funding cuts, and the unexpected departure of Executive Director Ghada Waly have undermined the United Nations' long-standing consensus-building mechanisms, casting doubt on the future of global drug control.

July 22, 2025 · Updated: July 23, 2025; 14:20

North Korea Appoints New Ambassador to Austria

North Korea has reportedly named veteran diplomat Kyong Hak Min as its new ambassador to Austria, a move that could see him also represent Pyongyang at international organizations in Vienna.

July 22, 2025

Austria on Course for a Digital and Sustainable Era in Europe

The Austrian federal government has presented a positive mid-year review of its work for the first half of 2025. Chancellor Christian Stocker, Vice-Chancellor Andreas Babler, and Foreign Minister Beate Meinl-Reisinger presented the progress made in implementing the government program and reaffirmed the goal of making Austria future-proof, securing prosperity, strengthening competitiveness, and advocating for a strong Europe, as Chancellor Stocker reiterated during his trips to Italy and France.

July 21, 2025

Austrian Government Opens Bregenz Festival 2025 with Appeal for Visionary and Responsible "Mindset"

The Bregenz Festival 2025 had been officially opened. The opening ceremony, which attracted high-ranking representatives from politics and culture, focused on Austrian President Alexander Van der Bellen and Austrian Vice-Chancellor Andreas Babler. Both argued in their speeches that we are living in a forward-looking and critical time, emphasizing the importance of showing courage and responsibility.

July 21, 2025

Austria's Debt Relief: A Focus on Billions

Since the turn of the millennium, Austria has waived debts amounting to around €3.4 billion owed to other countries. This information is based on a recent parliamentary response from the Ministry of Finance, which has drawn particular criticism from the Freedom Party of Austria (FPÖ).

July 16, 2025

Myanmar Takes Over Chairmanship of ASEAN Committee in Vienna

Myanmar has assumed the chairmanship of the ASEAN Committee in Vienna (ACV). Ambassador Min Thein of Myanmar has pledged to continue ongoing initiatives and further strengthen the unity and commitment of the diplomatic missions of the ASEAN countries in Vienna. The handover took place during the 63rd meeting of the committee, which was chaired by Laos' chargé d'affaires in Austria, Viengxay Thammavong.

July 15, 2025

Vienna Airport Defies Global Challenges with Strong Half-Year Results

Vienna International Airport (VIE) experienced solid passenger growth in the first half of 2025, despite a slight decline in June, attributed to the ongoing conflict between Iran and Israel. A total of 14.7 million passengers traveled through Vienna Airport between January and June, representing a 2.4 percent increase compared to the same period last year.

July 15, 2025

Austria Strengthens Security Partnerships with the United Kingdom and Germany

Austria has deepened its bilateral relations with the United Kingdom and Germany in a series of important security policy consultations. The high-level talks focused on current security policy challenges, strategic interests, and strengthening defense cooperation in a changing global environment.

July 15, 2025

ICMPD Director General Michael Spindelegger: Europe Ten Years After the Refuge Crisis

Ten years after the so-called “refugee crisis” of 2015, Europe is taking stock of its migration policy. While enormous progress has been made in addressing the challenges, experts such as Michael Spindelegger, Director General of the International Centre for Migration Policy Development (ICMPD), warn that the region continues to face growing complexities and political tensions.

July 14, 2025

Patrick Lobis Head of the EU Commission Representation in Austria

The European Commission has, for a while since handed over the management of its representation in Austria to Patrick Lobis. As the official representative of the European Commission in Austria, Lobis reports directly to President Ursula von der Leyen.

July 14, 2025

Human Rights in Austria: NGOs Make 159 Demands on the Government

According to numerous non-governmental organizations (NGOs), the human rights situation in Austria continues to leave much to be desired. In the run-up to the United Nations' Universal Periodic Review (UPR), more than 300 civil society organizations issued a joint statement addressing an impressive 159 demands to the Austrian government.

July 14, 2025

Austria's Former Top EU General Brieger Urges Massive Increase in Military Preparedness

After three years at the helm of the European Union's Military Committee, former Austrian Chief of Staff Robert Brieger returns to Vienna and urges Europe, and Austria in particular, to drastically increase its defense readiness in light of the ongoing threat from Russia. Brieger calls for a paradigm shift—away from the Austrian Armed Forces as a disaster relief force and toward a combat-ready national defense army. A critical examination of Austrian neutrality is “inevitable” in this context.

July 14, 2025

Chinese Embassy Hosts Traditional Summer Festival for China Alumni in Austria

The Chinese Embassy in Austria hosted its annual summer party for China-Alumni. Around 100 guests from various professional fields attended the event, which celebrated the deep ties and cultural exchange between China and Austria.

July 10, 2025

Austria, Bavaria, and Italy Push for Digital Slot System for Brenner Transit

To alleviate the long-standing congestion on the Brenner transit route, Austria and Bavaria are collaborating with Italy to implement a digital slot system for truck journeys. This initiative was agreed upon by Bavarian Minister-President Markus Söder and Austrian Chancellor Christian Stocker during Söder's working visit to Vienna.

July 10, 2025

EU Initiates Deficit Procedure Against Austria: Finance Minister Marterbauer Remains Confident

The European Union has officially initiated an excessive deficit procedure against Austria. This step, based on a recommendation by the European Commission, was decided at a meeting of EU finance ministers in Brussels. The reason for the procedure is that Austria's budget deficit, at 4.7 percent of GDP last year and a planned 4.5 percent this year, is significantly above the 3 percent limit set in the Maastricht criteria.

July 10, 2025

OSCE Secretary General Sinirlioğlu in Paris on the Role of the OSCE in the European Security Architecture

At a time of growing international tensions, the Secretary General of the Organization for Security and Co-operation in Europe (OSCE), Feridun H. Sinirlioğlu, concluded an official visit to Paris with talks with France's Minister for Europe and Foreign Affairs, Jean-Noël Barrot, on the crisis hotspots around Europe and the role of the OSCE.

July 9, 2025

Vienna Remains on UNESCO Red List: World Heritage Site Still Endangered

The historic center of Vienna remains on UNESCO's Red List of endangered world heritage sites. This decision was made on Wednesday at the ongoing meeting of the UNESCO World Heritage Committee in Paris, where the draft decision was adopted without amendments or discussion by collective decision.

July 9, 2025

Wirecard Scandal: Liquidator Reveals Billion-Euro Loss

Five years after its collapse, the Wirecard scandal continues to reverberate: Insolvency administrator Dr. Michael Jaffe revealed in the trial against former CEO Markus Braun that an incredible €1.1 billion was “burned” at the payment processor. While Braun claims in court that a shadow network existed, the main suspect, Jan Marsalek, remains at large, presumably in Russia.

July 9, 2025

Meet Asadollah Eschragh Jahromi, Iran's Ambassador in Vienna

H.E. Dr. Asadollah Eschragh Jahromi, the ambassador of the Islamic Republic of Iran, recently presented his credentials to both the Austrian Federal President and the Slovak President, thereby officially commencing his diplomatic missions in both countries.

July 7, 2025

Prix Ars Electronica 2025: Robotics and AI in the Spotlight of Media Art

The renowned Prix Ars Electronica has announced its winning projects for 2025, with robotics and artificial intelligence (AI) playing a particularly prominent role. From nearly 4,000 submissions from 98 countries, four Golden Nicas and numerous other awards were presented, underscoring the diversity and innovative power of the media art scene worldwide.

July 7, 2025

Vienna as Europe's AI hub: Regional Support and Billions in Investment Expected

Parallel to the establishment of AI Factory Austria, Vienna is intensifying its campaign to host one of up to five planned European “AI Gigafactories.” The official application, a joint project of the federal government, the city, and the business community, was signed on June 20, 2025, by top politicians, including Federal Chancellor Christian Stocker and Mayor Michael Ludwig.

July 7, 2025

Austrian Forum for Peace 2025: Peace Work in Times of Crisis, New Approaches, and the Role of Europe

This year's Austrian Forum for Peace 2025, themed “Peace in Crisis,” has come to a successful conclusion at Friedensburg Schlaining. The four-day international conference organized by the Austrian Center for Peace (ACP) brought together over 200 experts, diplomats, scientists, and representatives of international organizations from more than 25 countries to discuss pressing issues of peace work in an increasingly fragmented world.

July 4, 2025

Vienna: Still Among the World's Leading Conference Cities

Vienna consolidates its position as a leading global conference destination: after taking first place in the prestigious ranking of the International Congress and Convention Association (ICCA) in May, the city has now achieved second place worldwide for the third time in a row in the latest congress ranking of the Union of International Associations (UIA) for 2024.

July 4, 2025

Vienna Public Transport Company Opts for Air Conditioning and Increased Comfort for Passengers

Wiener Linien has recorded a record number of air-conditioned vehicles in its public transport network. According to the company, three out of four journeys on buses, subways, and trams are already air-conditioned. This is intended to make travel more comfortable for passengers, even on hot days.

July 4, 2025

Microsoft Strengthens Austria's Digital Future: Billion-Euro Investment in New Cloud Region

Technology giant Microsoft officially opened its new cloud region in Austria in the presence of State Secretary Alexander Pröll. With an investment of one billion euros and three data centers in the Vienna metropolitan area, which will go into operation in August, Microsoft is sending a strong signal for the country's digitalization and economic development.

July 3, 2025

Port of Vienna Enjoys Record Year in 2024: Increased Turnover and High Investments Secure Future

Port of Vienna, a key company within Wien Holding, can look back on an exceptionally successful 2024 financial year this summer. Despite a challenging economic environment, the trimodal logistics center significantly increased its revenue and achieved a record operating result. At the same time, extensive investments were made in infrastructure, digitalization, and sustainability to further consolidate its position as one of Europe's most important hinterland hubs.

July 3, 2025

Ban Ki-moon Praises Vienna and Reaffirms its Leading Role in Multilateralism

During a visit to Vienna, former United Nations Secretary-General and Co-Chair of the Ban Ki-moon Centre for Global Citizens (BKMC), Ban Ki-moon, praised Austria and the city of Vienna for their leading role in the field of multilateralism. At a time of increasing geopolitical tensions, he emphasized the crucial importance of international cooperation.

July 3, 2025

Focus on the Danube: World's Largest Surface Water Monitoring Project Launched

The Danube, Europe's second-longest river and the most international river basin in the world, is the focus of Joint Danube Survey 5 (JDS5), the world's largest surface water monitoring project, which was officially launched in Vienna. Conducted every six years, this comprehensive scientific initiative is a beacon of cross-border cooperation in water management.

July 2, 2025

Chinese Ambassador QI Mei emphasizes the Role of Chinese companies in Austria

Ambassador QI Mei, China's diplomatic representative in Austria, emphasized the importance of the Chinese business community in deepening bilateral economic relations with Austria. Central to this was her participation in the 2025 annual meeting of the Association of Chinese Enterprises in Austria, which focused on close cooperation and commitment to joint development.

July 2, 2025

Confidence in Austria's Judiciary Remains High, But Challenges Remain

The Austrian public's confidence in the independence of the judiciary remains considerable. The latest EU Justice Scoreboard 2025 once again confirms this position in terms of the efficiency, quality, and independence of its judiciary.

July 2, 2025

UNOOSA and Exolaunch Enable Satellite Launches for Bolivia, Guatemala, Jordan, and Nepal

In a move to promote equal access to space, the United Nations Office for Outer Space Affairs (UNOOSA) and Exolaunch GmbH have announced that institutions from Bolivia, Guatemala, Jordan, and Nepal have been selected to launch their CubeSats.

July 1, 2025

Vienna No Longer the Most Livable City in the World: Copenhagen Takes Top Spot

After three years, Vienna has lost its top position in the Economist Intelligence Unit (EIU) Global Liveability Index 2025 to Copenhagen. The Austrian capital now shares second place with Zurich. The main reason for Vienna's decline is a loss of points in the area of stability, influenced by foiled terrorist attacks.

July 1, 2025

Austria in the Spotlight at the Global Development Finance Conference in Seville

Austria plays a leading role in implementing the Sustainable Development Goals (SDGs) and reaffirmed this position at the 4th High-Level United Nations Conference on Financing for Development (FfD4), which took place in Seville. Secretary General for Foreign Affairs Nikolaus Marschik represented Austria at this important global meeting.

July 1, 2025

Wiiw Forecast: CEEC Countries Defy Global Uncertainties with Strong Growth

Despite the ongoing conflict between Israel and Iran, U.S. President Trump's protectionist trade policy, and the war in Ukraine, the economies of most countries in Central, Eastern, and Southeastern Europe (CEE) are expected to grow steadily in 2025 and 2026. This is according to the latest summer forecast by the Vienna Institute for International Economic Studies (wiiw), which covers 23 countries in the region.

July 1, 2025

Bettina Dorfer-Pauschenwein Elected Vice President of the Austrian Federal Economic Chamber

The Austrian Federal Economic Chamber (WKÖ) has a new vice president: Bettina Dorfer-Pauschenwein, a committed entrepreneur from Wiesen in Burgenland, was elected to the chamber's highest governing body on Thursday. With this appointment, the 32-year-old master carpenter and managing director of “Pauschenwein Creatives Wohnen GmbH” moves directly alongside WKÖ President Harald Mahrer and takes a significant career step in the Chamber of Commerce.

June 30, 2025

Algeria and ICMPD Strengthen Cooperation in the Mediterranean Region

In a step toward deepening migration cooperation in the Mediterranean region, high-level representatives from Algeria and the International Centre for Migration Policy Development (ICMPD) reaffirmed their joint determination at a meeting in Malta. The meeting, which took place on the sidelines of the first project steering committee of the Algerian-ICMPD cooperation, promises to significantly improve migration management capabilities in the region.

June 30, 2025

Austria's Art Market at a Crossroad: Calls for a Reduction in VAT

Interest groups representing the Austrian art trade are concerned that Austria may fall behind in the international art trade due to significant market shifts and substantial reductions in VAT in neighboring European countries.

June 27, 2025

New UNODC Drug Report Paints Grim Picture of Drug Deaths

Global drug use has reached a new high of 316 million people in 2023, according to the World Drug Report 2025 published by the United Nations Office on Drugs and Crime (UNODC). The 28 percent increase within a decade shows that consumption is growing faster than the world's population, further exacerbating the global challenges in the fight against the drug problem.

June 26, 2025

Austria's Economy: End of Recession in Sight, but Recovery Remains Fragile

After two years of recession, a turning point appears to be on the horizon for the Austrian economy. This is according to leading economic research institutes WIFO (Austrian Institute of Economic Research) and IHS (Institute for Advanced Studies), which have raised their forecasts for 2025 and now expect economic output to stagnate or grow slightly. Nevertheless, both institutes warn of ongoing risks and only a modest recovery.

June 26, 2025