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Vienna International Community - Other Top Players - Latest Headlines
Read updated news about other key people in Vienna's international community
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
UNODC Launches Global Initiative to Combat Human Trafficking and Smuggling of Migrants
At a time of global challenges such as war, large-scale migration and refugee flows, increasing cybercrime, climate change, and the COVID-19 pandemic, human trafficking and migrant smuggling have become a multi-billion dollar business. The UN Office on Drugs and Crime (UNODC) in Vienna has presented a new global initiative to combat these problems.
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
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
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
Vienna to Host Austria's Honorary Consular Conference 2024
The Austrian capital Vienna was the center for the Honorary Consular Conference 2024, attended by around 200 honorary consuls from all over the world. The meeting, which takes place from April 10 to 12, is the first of its kind since 2015 and serves as a platform for the exchange and further development of consular practice.
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
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
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
Influential Voice in Culture and Politics: Nina Khrushcheva at the Salzburg Festival
Nina Khrushcheva, an outstanding academic, great-granddaughter of the famous Soviet Communist Party leader Nikita Khrushchev, and fierce critic of the current Russian government, will take to the podium at this year's Salzburg Festival with an opening speech that has already caused a sensation in the run-up to the festival. This event not only marks a cultural highlight of the year but also a moment of profound reflection on the role of art in turbulent times.
April 3, 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
Memorial for Navalny in Vienna: A Sign of Resistance and Mourning Destroyed
An impressive testimony to the compassion and protest of the Russian community in Austria has formed in front of the Russian embassy in Vienna. In honor of the deceased Russian opposition leader Alexei Navalny, an improvised memorial was created that not only expresses grief but can also be seen as a clear statement against the Putin regime.
March 17, 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
Cyprus Concludes Chairmanship of the OSCE Forum for Security Cooperation
The final session of the Forum for Security Co-operation (FSC) of the Organization for Security and Co-operation in Europe (OSCE) was chaired by Cyprus. Cyprus' engagement in the OSCE FSC impressively illustrates the value of dialog and multilateral cooperation, even in the most difficult times.
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
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
Six Decades in the Service of Peace: Austria Celebrates 60 Years of UNFICYP Deployment in Cyprus
Austria's involvement in the "United Nations Peacekeeping Force in Cyprus" (UNFICYP) marks an important anniversary this year: the Alpine Republic has been supporting the peacekeeping mission on the Mediterranean island of Cyprus for sixty years. A look back at the beginnings in April 1964 shows the deployment of a field hospital with 55 men following the unanimous adoption of Resolution 186 by the UN Security Council in March of the same year.
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
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
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
Greece Takes Over ICMPD Chairmanship from Türkiye: Reorientation of Migration Partnerships
At a ceremony in Brussels, the chairmanship of the steering group of the International Center for Migration Policy Development (ICMPD) was handed over from Türkiye to Greece. Under the motto "A holistic approach to balanced migration partnerships", high-level representatives came together to discuss the future direction of migration policy.
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
Signa Group's Luxury Properties up for Sale: A Glimmer of Hope for the Redevelopment
Signa Prime Selection AG, a major player in the luxury real estate market, is currently facing financial difficulties that could now be alleviated by the planned sale of some of its most prestigious properties. Karl-Heinz Götze, the insolvency manager of the credit protection association KSV1870, sees this step as a crucial "piece of the puzzle" for an orderly resolution of Signa Prime's insolvency proceedings.
February 14, 2024
Austrian Alevi Leader Arrested in Türkiye
In a disturbing incident, Mehmet Ali Çankaya, the former president and current honorary president of the Federation of Alevi Communities in Austria, was detained at Istanbul airport during a private visit to Türkiye and subjected to hours of interrogation.
February 13, 2024
EU House in Vienna Introduces New Environmental Standards
At a solemn ceremony, the First Vice-President of the European Parliament, Othmar Karas, and Wolfgang Bogensberger, Chief Executive Officer of the Commission's Representation in Austria, unveiled the EMAS environmental certification plaque for the European Union House at Vienna.
February 12, 2024
Austria and Montenegro Strengthen Relations: EU Accession by 2028 in Sight
During an official visit to Vienna by Montenegrin President Jakov Milatović, Austria's Federal President Alexander Van der Bellen emphasized the importance of Western Balkan integration into the EU, with Montenegro leading the way. Given the Russian war of aggression against Ukraine, a "realistic prospect of accession" for these countries is now "more important than ever".
February 8, 2024
Austrian President Van der Bellen Visits Pioneering Integration Project "NACHBARINNEN in Vienna"
Federal President Alexander Van der Bellen emphasized the importance of integration and empowerment during his visit to the sewing workshop of the "NACHBARINNEN in Wien" association. The association, known for its successful work with migrant women, relies on the principle of self-empowerment and role models from their own culture to bring women and families with a migration background out of isolation.
February 7, 2024
Order of Malta Strengthens Diplomacy for Humanitarian Aid
A major international conference in Rome, attended by the Sovereign Order of Malta's Ambassador to the Republic of Austria, H.E. DI Sebastian Prince von Schoenaich-Carolath, has strengthened the role of the Order of Malta's diplomatic service in the international community. The event included an audience with Pope Francis and provided a platform for exchange on ways to intensify international cooperation.
February 6, 2024
Africa Day 2024: Austria Looks to Africa's Future Markets
This year's Africa Day was all about Africa's future markets and offered a platform to strengthen economic relations between Austrian and African companies. Organized by the Austrian Federal Economic Chamber (WKÖ), the event attracted more than 1,200 participants from Austria, over 30 African countries, and guests from Europe, Asia, and the USA.
February 5, 2024
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