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Latest Headlines about other Organizations in Vienna
Read the latest headlines about developments at other organizations participating in the business, diplomatic and cultural environment of Vienna, Austria
Future of Research in Austria: Leader in the European Union
In an unprecedented phase of development, Austria's research landscape has set out to achieve the highest research quota within the European Union. The year 2024 marks a turning point in which the country achieves a research quota of 3.34% of gross domestic product (GDP) - a record figure that puts Austria on the ambitious path to the top in Europe.
April 24, 2024
Flow-Through Capital Despite Sanctions: Russian Investments in Austria Continue to Flow
While international tensions and the war in Ukraine, which has been going on for more than two years, are putting a heavy strain on relations between Russia and the West, Austria remains a remarkably robust magnet for Russian investment. Contrary to expectations that the extensive international sanctions against Russia would curb capital flows, the latest data from the Austrian Ministry of Economic Affairs' investment control report shows a different reality: Russian investments in Austria rose by 14% to EUR 25.5 billion in the first half of 2022.
April 22, 2024
Climate Incentive Programs in the USA: A Magnet for Austrian and International Investors
At an information event in Austria, the U.S. Commercial Service and SelectUSA, together with the American Chamber of Commerce in Austria, provided important insights into the latest U.S. climate incentive programs. The event attracted a large number of Austrian and international investors who learned about the opportunities offered by the Inflation Reduction Act and the Bipartisan Infrastructure Law.
April 18, 2024
Raiffeisen Bank International Expects ECB Call to Accelerate Withdrawals from Russia
Raiffeisen Bank International (RBI) is facing increasing pressure from the European Central Bank (ECB) to reduce its business activities in Russia more rapidly. This follows a number of developments and the publication of an ad hoc announcement by the bank in which it is expected that the ECB will make an official request to accelerate the wind-down measures in the near future.
April 18, 2024
Escalating Tensions: EU Responds to Iranian Missile Strikes on Israel
Tensions in the Middle East have further escalated following the recent Iranian drone and missile attacks on Israel, prompting an international response, particularly from the European Union. An urgently convened virtual meeting of EU foreign ministers, including Austria's Foreign Minister Alexander Schallenberg, took place to discuss the situation and possible steps to be taken.
April 17, 2024
Group DF International and Hyundai Engineering in Vienna: New Industrial Park in Ukraine
In an ambitious move to aid Ukraine's post-war reconstruction, Group DF International, led by controversial Ukrainian oligarch Dmytro Firtash, and Hyundai Engineering Co. Ltd., have embarked on a major venture to establish a chemical industrial park in the city of Rivne, situated in Western Ukraine. This pivotal agreement was officially sealed in Vienna, setting the stage for what is poised to be one of the most substantial investment initiatives in the region.
April 15, 2024
OSCE Chair Ian Borg Concludes Diplomatic Tour Across Serbia, Kosovo, and Moldova
Ian Borg, the Chair-in-Office of the Organization for Security and Co-operation in Europe (OSCE) and Malta’s Minister for Foreign and European Affairs and Trade, recently wrapped up a series of diplomatic visits aimed at strengthening partnerships and advocating for continued dialogue and cooperation within the OSCE member states, focusing on Serbia, Kosovo, and Moldova.
April 15, 2024
Vienna Stock Exchange Experiences First Record Quarter Despite Global Uncertainties
The Vienna Stock Exchange closed the first quarter of 2024 with a remarkable increase in bond listings, although the economic environment continues to be characterized by high-interest rates, the ongoing war in Ukraine and the Middle East, and high inflation. Despite these challenges, the exchange recorded a record 3,000 new listings, the best start to a year in its history.
April 14, 2024
Escalating Tensions at Europe's Largest Nuclear Plant Amidst War in Ukraine
As the conflict between Russia and Ukraine continues, the Zaporizhzhia Nuclear Power Plant, Europe's largest nuclear facility, has become a focal point of escalating tensions and mutual accusations between the two nations. The plant, seized by Russian forces early in the invasion, now sits precariously at the center of military and geopolitical strife, with both nations accusing each other of dangerous provocations.
April 14, 2024
FPÖ Distances Itself from Friendship Treaty with "United Russia"
In a press conference, the Third President of the National Council, Norbert Hofer, clarified that the Freedom Party of Austria (FPÖ) relativizes the friendship treaty concluded with the United Russia party in 2016. This comes in light of the recent accusations of an espionage affair involving the FPÖ.
April 14, 2024
Russia's Covert Influence in Europe: Current Strategy Only "Plan B"
The Czech government recently revealed the existence of a Moscow-funded propaganda network that used the Prague-based online portal Voice of Europe to influence the upcoming EU elections. Austrian political scientist Gerhard Mangott and his Ukrainian colleague Anton Shekhovtsov explained that this tactic was merely Russia's "plan B".
April 10, 2024
Slovakia Takes the Helm of ICPDR Presidency
In the annual transition for the International Commission for the Protection of the Danube River (ICPDR), Slovakia has officially taken over the presidency from Serbia, marking the beginning of a year dedicated to enhancing the health and sustainability of the Danube River Basin.
April 9, 2024
Annual Conference of European Local Councils in Vienna
In the magnificent setting of the Austrian National Library located at the Hofburg, leading political players, including Austrian Federal Chancellor Karl Nehammer and Austrian Minister for Europe Karoline Edtstadler, gathered for the conference marking the annual meeting of the European Community Councils.
April 9, 2024
Austria Deploys 50th Contingent to Kosovo for Peacekeeping
The Austrian Armed Forces are continuing their long-standing commitment to peace and security in Kosovo. At the beginning of April, the 50th contingent of Austrian troops will be deployed to the KFOR mission. This mission, in which Austria has been involved since 1999, will now be continued under the leadership of Colonel Bernhard Gruber of the General Staff Service, who will assume responsibility for around 190 soldiers.
April 8, 2024
Escalation in the Tariff Dispute: AUA Facing Massive Flight Cancellations at Easter
Austrian Airlines (AUA) is on the brink of an extensive strike, which is to begin on Maundy Thursday and last 36 hours. Negotiations between the trade union vida and AUA management have so far been unsuccessful, leading to the announcement that over 400 flights will be canceled during the peak travel period at Easter. Around 50,000 passengers will be affected by the cancellations, significantly disrupting the Easter plans of many travelers.
March 26, 2024
Christoph Leitl Re-elected President of the European Movement Austria
Christoph Leitl has been re-elected President of the European Movement Austria (EBÖ). With a view to the upcoming European elections on 9 June and the forthcoming appointment of the new EU Commission in the autumn, Leitl emphasizes the importance of the EU as a peace project and the need to find European answers to current issues.
March 25, 2024
Trade Seminar in Vienna on the Latest Regulatory Developments in the UAE
Diplomacy, business, and finance representatives gathered in Vienna for a seminar dedicated to the latest regulatory developments in the United Arab Emirates (UAE). Organized by the Embassy of the UAE in cooperation with Crowe UAE and the Austrian Arab Chamber of Commerce (AACC), the seminar provided a platform for an exchange on innovations in tax, corporate, and immigration law in the UAE. The event received special support through the participation of experts from the UAE Ministry of Finance and the Austrian Chamber of Commerce.
March 24, 2024
Negotiations at AUA at a Standstill: Risk of Strike at Easter Increases
An impending strike at Austrian Airlines (AUA) is casting its shadow and threatening the upcoming Easter travel season. The negotiating parties are sticking to their positions regarding the collective agreements and an agreement seems a long way off.
March 24, 2024
Austrian Economic Chamber: Opportunities and Challenges for Austria in Global Trade Dynamics
Against the backdrop of an increasingly interconnected global economy and the challenges posed by geopolitical tensions, Mariana Kühnel, Deputy Secretary General of the Austrian Federal Economic Chamber (WKÖ), emphasized the critical role of international trade for the Austrian economy. On the occasion of the Market Access Day in Vienna, she spoke about the need to secure access to global markets and open the doors to international sales markets, especially for small and medium-sized enterprises (SMEs).
March 21, 2024
Francophonie Forum in Vienna: A Bridge Between Culture, Business and Sport
An event took place in Vienna that underlined the cultural and economic importance of the Francophonie. The Austrian Federal Economic Chamber (WKÖ), in close cooperation with the French Embassy in Austria and the French-Austrian Chamber of Commerce (CCFA), organized the forum "L'industrie du sport parle français" ("The sports industry speaks French").
March 21, 2024
Harmony and Dialogue at the Interreligious Iftar in Vienna
In an impressive demonstration of unity, Foreign Minister Alexander Schallenberg and the President of the Islamic Religious Community in Austria (IGGÖ), Ümit Vural, hosted an unprecedented interfaith iftar. The event, which took place in the historic Palais Niederösterreich, brought together representatives of different religious communities and personalities from politics, science, and diplomacy.
March 20, 2024
Small Unrest During EU Parliament President Metsola's Visit to Vienna
The Austrian capital was the scene of a heated appearance by EU Parliament President Roberta Metsola. During a public event at the Law Faculty of the University of Vienna, which was held under the motto "Ask President Metsola", there were loud protests and interruptions by demonstrators. The discussion, which was originally supposed to cover topics such as the future of the EU, the upcoming European elections, and international political affairs, lost focus when the Middle East conflict came up.
March 20, 2024
New Dynamics on the Labor Market and with the Red-White-Red Card: Austria Relies on the Influx of Skilled Workers
At a meeting of the interministerial Skilled Workers Strategy Committee, decisive measures to speed up the procedures for the Red-White-Red Card were discussed. The aim is to combat the shortage of skilled workers in Austria through more efficient recruitment of internationally skilled workers and to increase the location's attractiveness.
March 19, 2024
Elections in Russia Also Held in Vienna: Between Protest and Farce
In Vienna, there were unusually long queues outside the Russian embassy as numerous young Russians lined up, sometimes for hours, to take part in the presidential election. However, their efforts were in vain as Vladimir Putin secured the elections in Russia, which were deemed neither fair nor honest internationally.
March 18, 2024
Austria Expels Two Russian Diplomats and Austrian Ambassador in Moscow is Summoned
After Austria recently declared two Russian diplomats undesirable persons, Russia is now summoning Austria's ambassador to the Foreign Ministry. This indicates a serious deterioration in diplomatic relations between the two countries. So far, a total of eleven Russian diplomats have been expelled from Austria since 2020
March 14, 2024
European Gas Conference in Vienna Postponed due to Protests
The European Gas Conference planned for March 26-28 in Vienna is no longer on the international energy industry's calendar. Security concerns caused by announced protests forced the organizers to postpone the event indefinitely.
March 14, 2024
Inflation Outlook for Austria Shows Significant Improvement
The Austrian National Bank's (OeNB) latest inflation forecast gives cause for cautious optimism for the Austrian economy. Inflation has decreased and economic growth has also returned since the start of the year, albeit weakly.
March 13, 2024
Raiffeisen Bank International Under Observation by U.S. Sanctions Authorities
Raiffeisen Bank International (RBI), a prominent financial institution based in Austria, is the focus of the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) due to its ongoing business relationship with Russia. OFAC has contacted the bank to request details of its transactions and processes related to Russia.
March 11, 2024
Austria President Van der Bellen Opens New Holocaust Museum in Amsterdam
The National Holocaust Museum in Amsterdam was opened in a festive ceremony that was overshadowed by protests. Federal President Alexander Van der Bellen, who represented Austria on this occasion, emphasized his country's profound responsibility in the context of the dark chapters of the Holocaust.
March 11, 2024
U.S. Ambassador Kennedy Will Lead Austrian Delegation to Major Investment Summit in the U.S.
In a major announcement from the US Embassy in Vienna, it has been revealed that US Ambassador Victoria Kennedy will lead a high-profile Austrian delegation to this year's SelectUSA Investment Summit. The event, which will take place from June 23-26, 2024 at the prestigious Gaylord National Resort & Convention Center in National Harbor, Maryland, is considered a key platform for promoting foreign direct investment in the United States.
March 10, 2024
Future of EU Enlargement Discussed in Vienna: Unified Vision Required
An event in Vienna, organized by the ERSTE Foundation in cooperation with the European Council on Foreign Relations (ECFR), focused on the debate about the future of EU enlargement. Under the title "Beyond Catch-27: How to make EU enlargement work?", leading experts from various fields gathered to discuss the challenges and opportunities of integrating new member states into the European Union.
March 7, 2024
Signa's Major Project "Lamarr" in Vienna Seeks New Owner
The prestigious "Lamarr" real estate project on the bustling Mariahilfer Strasse, a flagship property of the troubled Signa Group, is now officially on the market.
March 6, 2024
Austrian ÖVP Against EPP Election Program: Nuclear Energy, Schengen Enlargement and Unanimity Principle as Points of Contention
In the run-up to the upcoming EU elections, a conflict is emerging within the European People's Party (EPP), as the Austrian People's Party (ÖVP) has announced that it will not support the EPP's election program.
March 6, 2024
Austria and Italy Chief Diplomats Visit Bosnia and Herzegovina
The Foreign Ministers of Austria, Alexander Schallenberg, and Italy, Antonio Tajani, undertook a joint trip to Sarajevo, Bosnia and Herzegovina, to support the country in its efforts to join the EU. This trip underlines the continued commitment of the European Union, in particular Austria and Italy, to the integration of the Western Balkans into the EU.
March 5, 2024
Austrian Technology at the Center of Gigantic Construction Projects in Dubai
The Austrian company Doka is continuing its international success story and will once again demonstrate its expertise in high-rise construction. The planned Azizi Tower in Dubai, which is to be completed within the next four years, aims to become the second tallest building in the world.
March 5, 2024
City of Vienna Warns of Nuclear Renaissance and Small Modular Reactors in Europe
In a recent statement, Vienna City Councillor for Climate Action Jürgen Czernohorszky, who is also Chairman of the Cities for Nuclear Free Europe (CNFE) initiative, is critical of Sweden's nuclear power plans, the situation, and the development of Small Modular Reactors in Europe.
March 4, 2024
Vienna Hosts Meetings for Belarusian Opposition Leader
In a diplomatic engagement, Austrian Foreign Minister Alexander Schallenberg welcomed Sviatlana Tsikhanouskaya, the Belarusian opposition leader, for a pivotal discussion in Vienna. This meeting, which took place within the framework of the OSCE Parliamentary Assembly, brought the key figure of the Belarusian opposition to Vienna to address the OSCE and the European Community under the symbolic presence of the Austrian and EU flags.
February 28, 2024
Vienna Airport Expands Cargo Traffic with Asia
Vienna Airport is setting new standards in international air cargo traffic through significant cooperation agreements with Incheon Airport in South Korea and the renowned airline Korean Air. These strategic alliances mark a decisive step towards increasing capacities and efficiency in the cargo sector between Europe and Asia and further strengthening Vienna's position as a leading hub in the air cargo industry.
February 28, 2024
Chinese BYD Strengthens Presence in Austria
Chinese car manufacturers are becoming increasingly present in the European car market and are openly demonstrating their role. The Chinese company BYD proudly presents its cars and other products on the Austrian market.
February 28, 2024
Financial Turbulence and Internal Conflicts Shake Signa Group Severely
The Signa Group's financial crisis reached a new peak when creditors filed claims totaling EUR 6.3 billion against Signa Prime, of which only EUR 2.6 billion were recognized by the restructuring administrator Norbert Abel. The hearing at the Vienna Commercial Court revealed that the group's financial difficulties are deeper than previously thought, with a significant proportion of the claims in dispute.
February 26, 2024
Financial Market Authority Initiates Investigations Against Raiffeisen Bank International
The Austrian Financial Market Authority (FMA) has launched an investigation into Raiffeisen Bank International (RBI). The focus is on possible deficiencies in the implementation of money laundering prevention measures, as can be seen from the bank's annual report published today.
February 25, 2024
Increased Security Cooperation Between Austria and Romania
In a sign of solidarity and joint commitment to peace and security in Europe, Austrian Defense Minister Klaudia Tanner received her Romanian counterpart Angel Tîlvăr for bilateral talks in Vienna.
February 25, 2024
EU Strengthens Multilateral Diplomacy in Vienna Amid Global Challenges
In a move to bolster multilateral diplomacy and cooperation, the Ambassadors to the Political and Security Committee (PSC) of the Council of the European Union embarked on a significant visit to Vienna. This visit underscores the European Union's aspirations to strengthen its role in the global multilateral and security order, particularly at a time when the world is grappling with multiple crises.
February 22, 2024
Controversy Over FPÖ Candidacy for Yad Vashem Board Shakes Jewish Communities
The nomination of Wels Mayor Andreas Rabl of the Freedom Party of Austria (FPÖ) for a position on the board of the "Austrian Friends of Yad Vashem" has triggered a broad wave of outrage and criticism that reaches far beyond Austria's borders. Rabl's candidacy, known for his affiliation with a party that is often criticized for its extreme right-wing tendencies, was met with staunch opposition from renowned institutions and personalities.
February 22, 2024
Decline in Frozen Russian Assets in Austria
The significant drop in the volume of frozen Russian assets in Austria, as observed over the past year, mirrors a broader trend seen in other countries, where the handling and status of these assets have been dynamic and subject to legal, political, and financial considerations.
February 21, 2024
Austria and USA Launch New Exchange Program for Young Professionals and Students
In a new step to deepen transatlantic relations, Austria and the United States have launched a new Working Holiday Program (WHP) that offers young people from both nations the opportunity to experience each other's culture, everyday life, and the working world.
February 21, 2024
Vienna Selected as European Capital of Democracy 2024/25
Vienna, the Austrian capital, will hold the prestigious title of "European Capital of Democracy" for one year from October 2024. This award follows a decision by a Europe-wide online vote, in which Vienna prevailed against cities such as Bratislava, Leipzig, Gdansk, and Izmir. The awarding of the title, which was previously held by Barcelona, was initiated by the non-profit organization European Capital of Democracy.
February 20, 2024
"Shaping Europe together": EBÖ Launches Second Workshop in the Run-Up to the 2024 EU Elections
The European Movement Austria (EBÖ) is intensifying its efforts to actively involve companies and associations in shaping the future of Europe. Under the motto "Shaping Europe together", the second workshop in this series will take place on March 18, 2024, at the House of the European Union in Vienna. The aim is to give participants a comprehensive insight into EU policy and enable them to play a greater role.
February 20, 2024
Austrian International Military Cooperation in Jordan: Focus on Gender Issues
The Austrian Armed Forces, in cooperation with the armed forces from the Netherlands and Canada and the organization "UN-Women", have launched the first "Advanced Gender Focal Point Course" in Amman, Jordan.
February 17, 2024
Michelin Guide Puts Austria's Cuisine Back on the Map
The MICHELIN Guide, one of the world's most renowned institutions for restaurant ratings, has announced that it will once again publish an Austria-wide selection of top restaurants from 2025.
February 15, 2024
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