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

Brenner Transit Dispute: Austria and Italy Go to European Court

The long-running dispute over the anti-transit measures on the Brenner route between Austria and Italy continues to escalate: the European Commission has cleared the way for Italy to take Austria to the European Court of Justice (ECJ).

May 16, 2024

Raiffeisen Bank International Withdraws from Controversial STRABAG Transaction

Raiffeisen Bank International AG (RBI) has announced that it will no longer pursue the planned acquisition of shares in STRABAG SE. This decision was made public in an ad hoc announcement in which the bank stated that it had not received the necessary comfort in discussions with the relevant authorities to proceed with the transaction. RBI therefore decided to refrain from the transaction for reasons of prudence.

May 15, 2024

René Benko Business Scandal: Abu Dhabi's Ruling Family Demands Millions Back

The ruling family of Abu Dhabi, led by Crown Prince Mohamed bin Zayed al Nahyan, is demanding the return of 250 million euros from René Benko via the International Court of Arbitration (ICC) in Paris.

May 14, 2024

Austrian NEOS Party Calls for Special Audit on Flawed Austrian Counterintelligence

In a recent initiative in the Austrian National Council, the NEOS party has requested a comprehensive special audit by the Austrian Court of Audit focusing on the effectiveness of counter-espionage measures in the central ministries. This demand is particularly directed at the ÖVP-led interior, foreign, and defense ministries, which, according to NEOS Secretary General Douglas Hoyos, have shown a "lax" attitude to counter-espionage for decades.

May 13, 2024

FPÖ Demands Stricter Control of Austria's Payments to Ukraine

In a recent debate in the Austrian parliament, the FPÖ called for establishing a separate control body to review the financial support provided by Austria and the EU to Ukraine. FPÖ MP Susanne Fürst expressed concerns about the efficiency of the existing control mechanisms and warned of the risk that the billions in aid could seep into the "channels of the Zelenskyy regime".

May 13, 2024

High Turnover of Russian Embassy Staff in Austria

The Austrian authorities are at the center of a sensitive security debate as diplomatic relations with Russia are strained by high staff turnover and serious allegations of espionage. Foreign Minister Alexander Schallenberg addresses these issues in light of new parliamentary questions.

May 13, 2024

Ukrainian Embassy in Vienna Protests Against FPÖ Election Poster

The Embassy of Ukraine in Vienna has lodged a formal complaint with the Austrian Foreign Ministry after an election poster by the Freedom Party of Austria (FPÖ) caused outrage.

May 8, 2024

Remembering the Past, Preserving the Future: Liberation Ceremonies in Mauthausen and Melk

In an impressive gathering, thousands of people commemorated the liberation of the Mauthausen concentration camp and its satellite camps to keep the lessons of history alive and fight against forgetting. International delegations, including high-ranking representatives from politics and society, gathered to underline the importance of law and justice and to honor the victims of National Socialism.

May 8, 2024

Medical Research Cooperation between Austria and France

An important framework agreement between Austria and France was signed at the French embassy, laying the foundations for closer scientific cooperation. The French Institut National de la Santé et de la Recherche Médicale (INSERM) and the Austrian Wolfgang Pauli Institute (WPI) will intensify the transnational research and knowledge exchange.

May 7, 2024

Diplomatic Collisions on the Nuclear Front: Global Nervousness over Russia's Nuclear Maneuvers

Increasing tensions and recent developments regarding nuclear exercises and rhetoric pose a number of challenges for Europe, European security and especially Austria as the home of the International Atomic Energy Agency (IAEA) and the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO).

May 6, 2024

20 Years of EU Enlargement: Austria Looks at the Success Story of European Integration

Exactly 20 years ago, on May 1, 2004, a historic enlargement of the European Union came into force. Estonia, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia, the Czech Republic, Hungary, and Cyprus became member states, marking the beginning of a new chapter in the history of Europe. This fifth round of enlargement marked a milestone for the countries involved and a significant change for Austria, as Foreign Minister Alexander Schallenberg, the Austrian Federal Economic Chamber and the Austrian Society for European Politics emphasize.

May 5, 2024

RBI in a Balancing Act Between Sanction Risks and Solid Management

Raiffeisen Bank International (RBI) is currently caught between geopolitical tensions and its own business progress. Recent developments have led the bank to take cautious steps to avoid sanction risks on the one hand and to present its robust quarterly results on the other, which show that the bank remains strong even without the income from Russia and Belarus.

May 2, 2024

Republic of Austria Opposes Restructuring of Signa Development

The Republic of Austria has filed an appeal against Signa Development's fiduciary restructuring plan, leaving the future of the restructuring process of the real estate conglomerate founded by René Benko hanging in the balance. This legal action could lead to a complete reassessment of the restructuring strategy.

May 1, 2024

Vienna National Defense Academy to Host Regional Strategy Course for the Western Balkans

The "Regional Strategic Leadership Course" is part of a larger initiative launched in 2018 to promote cooperation between the defense ministries of Austria, Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia.

April 30, 2024

Vienna to Host the "TRATOLOW" Climate Conference for the Western Balkans and Turkey

In a crucial meeting in Vienna today, leading climate and environmental representatives from the Western Balkans, Turkey and the EU discussed strategies to tackle climate change. Organized by the Austrian Ministry for Climate Action, the EU Department for Climate Action and the Austrian Environment Agency, the conference focused on the TRATOLOW project, which aims to achieve a sustainable climate transition in these regions.

April 29, 2024

Vienna Hosts Major International Conference on Autonomous Weapons Systems

The historic Hofburg Palace in Vienna will be the center of global attention as it hosts the international conference entitled "Humanity at the Crossroads: Autonomous Weapons Systems and the Challenge of Regulation." The Vienna Conference on Autonomous Weapons Systems will take place from April 29 to 30, 2024.

April 28, 2024

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