Latest News about Other Industries
Read the latest headlines about developments in other industries in Vienna and Austria
Book Vienna 2025: Largest Exhibition Ever Focuses on Expansion, Internationality, and Debate
Buch Wien 25, from November 12 to 16, announces the largest edition in its history. Austria's largest book event is expanding to two exhibition halls at the Vienna Exhibition Center and extending its program to over 500 stage events with around 660 participants. The focus will be on a strong international orientation and in-depth debates on socially relevant topics such as AI, feminism, and religion.
November 11, 2025
Dimitre Dinev Wins Austrian Book Prize 2025 With “Time of the Brave”
The prestigious Austrian Book Prize 2025 goes to Bulgarian author Dimitré Dinev, who lives in Austria, for his monumental 1,150-page epic “Zeit der Mutigen” (Time of the Brave). The prize, worth €20,000, was awarded for the tenth time on Monday evening and marks the start of Buch Wien week at the Praterateliers in Vienna.
November 11, 2025
Vienna Stock Exchange Launches CEE Thematic Indices on AI, Defense, and Ukraine's Reconstruction
The Vienna Stock Exchange (VSE) is reinforcing its role as a specialist for Central and Eastern Europe (CEE) and has expanded its index offering with three new, thematically focused benchmarks. The indices, which reflect the currently popular investment themes of digitalization, security, and reconstruction, are now being calculated. They offer investors the opportunity to invest specifically in companies in the CEE region that are expected to benefit from these long-term trends.
November 5, 2025
Austrian Foreign Minister in Egypt for Peace Diplomacy
The Egyptian capital was the setting for a unique event that linked the past and the future. While the grand opening of the Grand Egyptian Museum (GEM) in Giza celebrated the country's rich history, Cairo was also at the center of intense diplomatic efforts to achieve stability and peace in the Middle East.
November 5, 2025
Luxury Hotel Mandarin Oriental Opened in Vienna
The Austrian capital has seen growth in the luxury hotel sector. The first hotel in Austria belonging to the renowned Mandarin Oriental hotel group recently opened in the inner city. Located at Riemergasse 7 near Wollzeile, the hotel invites guests and locals alike to explore Vienna's art and culture in a central location.
October 30, 2025
Bridge to Riyadh: 15th Arab-Austrian Economic Forum Highlights “Vision 2030”
The 15th Arab-Austrian Economic Forum, organized by the Austro-Arab Chamber of Commerce (AACC) and the Saudi Authority for Industrial Cities and Technology Zones (MODON), serves as a central platform for deepening economic relations between Austria and Saudi Arabia in light of Saudi Vision 2030.
October 30, 2025
Park Hyatt Vienna: Spanish Deal Fails, “Super Deal” with New Bidders Ahead?
Negotiations regarding the sale of the five-star Park Hyatt am Hof hotel in Vienna have broken down for the time being. A deal with the Spanish company Medcap Real Estate, which was rumored in September, failed due to the reported purchase price of €330 to €335 million.
October 29, 2025
Stocker and Weißmann in Favor of Israel's Participation in the Song Contest
The question of Israel's participation in the Eurovision Song Contest (ESC) 2026 in Vienna continues to cause international controversy and political debate. Austrian Chancellor Christian Stocker and ORF Director General Roland Weißmann have now spoken out clearly and unequivocally in favor of Israel's participation, citing Austria's historical responsibility.
October 29, 2025
The Freud Case: New Exhibition Sheds Light on Nazi Injustice and the Fate of the Family
A new special exhibition at the Sigmund Freud Museum in Vienna, “The Freud Case: Documents of Injustice,” will shed light on the harrowing history of the family of the founder of psychoanalysis, Sigmund Freud, after the Nazis seized power in 1938, starting on October 24.
October 22, 2025
Democracy in Austria: Index Shows Significant Deterioration
According to the Democracy Index presented today, the state of Austrian democracy has deteriorated significantly. In particular, there are worrying developments in the areas of fundamental rights, civil society, and the media.
October 22, 2025
Novartis Opens Second Biotech Facility in Austria
The pharmaceutical company Novartis has commissioned its second state-of-the-art cell culture facility for the production of monoclonal antibodies in Kundl (Kufstein district). The opening of the facility, which has been invested in with a total of €500 million, along with its sister facility in Schaftenau (Kufstein district), which opened in June 2024, is seen as a strong signal for the Austrian life sciences sector. With this expansion, Novartis is creating around 100 new jobs in Kundl and strengthening its global production capacity.
October 21, 2025
Austria at the Center of a Global Surveillance Scandal Involving Celebrities, Politicians, and Red Bull Executives
An international investigation by the "Surveillance Secrets" consortium has uncovered the largest known data set in the global surveillance industry to date and shines a spotlight on the allegedly illegal activities of the Indonesian company First Wap. Over the years, thousands of people worldwide have been secretly tracked and monitored, including Austrian singer Wolfgang Ambros, Hollywood actor Jared Leto, and numerous employees of the Red Bull Group.
October 16, 2025
Hattmannsdorfer Calls for Tough EU Action Against Hungary's Special Tax
Austria's Minister of Economic Affairs is urging Brussels to take Hungary to the European Court of Justice because the special tax imposed by Budapest burdens international retail chains such as Spar and Hofer with a discriminatory levy of up to 4.5 percent of net sales.
October 12, 2025
Austria With Billion-Euro Deficit in Agricultural Foreign Trade
Imports of agricultural products are rising significantly faster than exports, which is alarming industry representatives. Austria's overall agricultural foreign trade balance is falling at a rapid pace. While export volumes are stagnating, import volumes are growing.
October 8, 2025
Croatian Businesses Showcase Their Activities at Schönbrunn Palace
The Croatian Economy Day took place in the imperial setting of the Gloriette in Schönbrunn Palace Park. Over 200 guests took the opportunity to engage in direct dialogue with around 40 Croatian companies. The event, organized by the representative office of the Croatian Chamber of Commerce (HGK) in Vienna, once again underscored the close and growing economic partnership between Austria and Croatia.
October 6, 2025
Scandal or Stroke of Genius? Herheim's “Fledermaus” Divides Opinions on Strauss Anniversary
With the premiere of Johann Strauss' operetta “Die Fledermaus” at the Musiktheater an der Wien, the 200th anniversary of the Waltz King reached a highly controversial climax. Artistic director and director Stefan Herheim presented a “ludicrous” and “fast-paced” new production that playfully exaggerates and politically charges the original, which premiered there in 1874.
October 5, 2025
Austria Focuses on “Continent of Opportunity” with National Africa Strategy
The federal government has given the green light in the Council of Ministers for the development of a comprehensive, nationwide Austrian Africa strategy. The strategy aims to raise relations with the African continent in the areas of economy, security, migration, education, and culture to a new, structured level.
October 2, 2025
Austrian Universities in the 2025 Shanghai Ranking: Six Institutions Among the Top 500
In this year's Academic Ranking of World Universities (ARWU), known as the Shanghai Ranking, six Austrian universities made it into the world's top 500. That is two more universities than last year.
September 16, 2025
ÖBB Invests €37 Million in the Full Expansion of the Vienna South Freight Center
ÖBB-Infrastruktur AG is investing approximately €37 million in the final phase of expansion of the Vienna South freight center, aiming to increase its capacity and performance significantly. With this project, ÖBB aims to meet the growing demand for freight transport and shift an even larger proportion of goods transport from road to rail.
September 14, 2025
Problems in the Austrian Education System as per the OECD: High Expenditure, Low Success
A recent study by the Organization for Economic Cooperation and Development (OECD) entitled “Education at a Glance” paints a critical picture of the Austrian education system. Despite high spending per student—US$16,604 in 2022 compared to an OECD average of US$11,843—Austria lags in key areas.
September 9, 2025
Bajaj-Teaser Causes a Stir: Will KTM's Future be Manufactured in India?
The relaunch of the long-established motorcycle manufacturer KTM after overcoming insolvency is being overshadowed by new uncertainties. Statements made by Rajiv Bajaj, CEO of Indian major shareholder Bajaj Auto, have sparked a heated debate about the future of the production site in Mattighofen.
September 3, 2025
Prices in Vienna for Public Transport, Parking, and Local Taxes Are Going Up
The city of Vienna has announced far-reaching price increases for public transport, parking fees, and the city tax. These measures, which will come into effect on December 1, 2025, and January 1, 2026, respectively, are intended to help consolidate the city's budget.
September 2, 2025
Austria's Public Education Expenditure in the Lower Middle Range of the EU
A report published today by the European Commission entitled “Investing in Education 2025” shows that public investment in education in the European Union is increasing again, but has not yet reached pre-COVID-19 pandemic levels.
August 27, 2025
Eurovision Song Contest 2026: Vienna Prepares, Economy Benefits
The Eurovision Song Contest (ESC) 2026 promises to be not only a musical highlight but also a powerful economic boost for the Austrian capital. According to a recent study by the economic research institute ECO Austria, demand is expected to increase by 57 million euros.
August 21, 2025
Broad Criticism, Including from Austria, of New Tariffs Deal Between the U.S. and the EU
The trade deal between the United States and the European Union, which was announced by both sides with pride, may have averted a looming escalation in the trade dispute. Still, it has been widely criticized in political and economic circles. While EU Commission President Ursula von der Leyen and Trade Commissioner Maros Sefkovic defended the agreement as a “breakthrough” and “the best possible outcome,” numerous member states and business representatives, including many voices from Austria, see and feel significant disadvantages for the EU and are calling for renegotiation.
August 20, 2025 · Updated: August 21, 2025; 12:46
AT&S and European Partners Revolutionize Electromobility with Research Project “HiPower 5.0”
In a step forward for the European microelectronics and mobility industry, leading technology companies and research institutions in Europe have launched the EU research project “HiPower 5.0.” Coordinated by Austrian mobility technology company AVL List GmbH and with Austrian microelectronics manufacturer AT&S as a strategic partner, the project aims to develop intelligent and highly compact drive solutions for the automotive and shipping sectors that enable greater efficiency and range.
August 14, 2025
Just in Time for the End of Summer: Vienna Public Transportation Ends Summer Construction Projects
The major summer construction spurt at Wiener Linien is coming to an end. Just in time for the start of school on September 1, numerous restrictions on the tram and subway network will be lifted. According to Wiener Linien, the extensive modernization work, which is intended to strengthen the backbone of public transport in the Danube metropolis, is on schedule.
August 10, 2025
Kaufhaus Tyrol in Innsbruck Sold After Signa Bankruptcy
The sale of the Kaufhaus Tyrol department store in Innsbruck, once a prestigious project of Signa founder René Benko, is now officially complete. As part of the bankruptcy proceedings of Signa Prime Selection AG, the newly founded company KHT AcquiCo SARL has taken over the downtown department store.
August 6, 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
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
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
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: 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
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'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
Vienna as Europe's AI Hub: Supercomputer Launched, Gigafactory in Sight
The Austrian capital is consolidating its position as a European hub for artificial intelligence (AI). With the imminent launch of AI Factory Austria (AI:AT) and its active bid to become one of Europe's AI gigafactories, Vienna is sending a strong signal for innovation and digital sovereignty.
June 24, 2025
ISTA and Google Forge Long-Term Research Partnership in Klosterneuburg
The Institute of Science and Technology Austria (ISTA) in Klosterneuburg and global technology giant Google have signed a far-reaching Master Sponsored Research Agreement to consolidate their existing collaboration and jointly advance innovative scientific research projects. This long-term partnership, which also includes financial support for research projects from Google, aims to further strengthen the ecosystem at the ISTA campus and open up new avenues in science.
June 24, 2025
Austria's Role in the Reconstruction of Ukraine: An Opportunity for Business and Long-Term Partnership
While the war in Ukraine continues to rage, attention is already turning to the aftermath: the massive reconstruction of the war-torn country. Austria, once the fifth-largest foreign investor in Ukraine, could play a decisive role in this process, not only to boost its economy but also to build a long-term partnership.
June 23, 2025
Vienna Music Theater Days 2025: Social Upheavals on Stage
The Vienna Music Theater Days will once again serve as a platform for innovative and contemporary music theater this year. From September 17 to 27, 2025, the festival will focus on the social upheavals and fractures of our time, inviting the audience to question established structures.
June 16, 2025
Summer Night Concert at Schönbrunn: Premieres, Commemorations, and a Musical Journey
The idyllic Schönbrunn Palace will be the venue for the Vienna Philharmonic Orchestra's annual Summer Night Concert this evening. Under a bright blue sky and against the majestic backdrop of the illuminated palace, thousands of music lovers gathered to enjoy an evening full of musical highlights. This year's concert featured numerous premieres, a touching minute of silence, and a musical journey across Europe.
June 13, 2025
Monaco’s Club Allemand International Uncovers Treasure in Vienna's Imperial Archives
What began as the annual cultural excursion for Monaco's Club Allemand International (International German Club) transformed into a historical discovery of significant proportions. During their recent trip to Vienna, members of the club unearthed a remarkable historical document about the Principality of Monaco, hidden for centuries within the imperial archives of the Hofburg Palace.
June 12, 2025
Austria Recruiting U.S. Researchers: Science Committee Discusses Simplified Appointment Procedures
The Austrian Parliament's Science Committee is considering a draft law that would facilitate the appointment of professors without a competitive application process. The aim is to attract researchers from the U.S. who want to leave their home country due to political developments under President Donald Trump.
June 4, 2025
After 17 Years, ams-Osram Wins Multi-Million Dollar Legal Dispute in the USA
The Styrian-Bavarian semiconductor manufacturer ams-Osram has achieved a historic legal success: After almost two decades of litigation in the United States, the company has finally prevailed in a case concerning stolen trade secrets. With a legally binding judgment and a subsequent settlement of around 52 million US dollars, one of the longest and most significant commercial disputes in the industry has come to an end, with a significant signal on the protection of intellectual property.
May 27, 2025
The MQ Summer Stage 2025 Kicks Off with Art, Music and Social Reflection
The MQ Summer Stage started its new season with a powerful mix of performance, music, and public art. The main courtyard of Vienna's MuseumsQuartier will once again be transformed into a stage for a diverse, freely accessible cultural program until the end of September - a venue that brings art, society, and the public together in a special way.
May 21, 2025
Thai Anantara Celebrates Debut in Austria with New Luxury Resort in Vienna
With the reopening of the Anantara Palais Hansen Vienna, the Thai hotel group Anantara Hotels & Resorts opened its first hotel in Austria in May 2025. The historic building on Schottenring, originally designed by architect Theophil Edvard von Hansen for the 1873 World Exhibition, has been extensively renovated over the past 18 months and repositioned as an urban luxury resort.
May 20, 2025
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