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Read updated news about other key people in Vienna's international community
How do Russian Politicians and Oligarchs Withdraw their Money from Austria?
The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.
February 22, 2018
The Collection of a Billionaire - Heidi Horten Impresses with her Art Collection - WOW!
Heidi Goëss-Horten, a billionaire and with an estimated total net wealth of more than € 3.0 billion the fourth-richest person in Austria, presents a selection of her private art collection. With the exhibition "WOW! The Heidi Horten Collection" one of the most worthwhile art collections in Europe will be presented to the public for the first time. Curated by Agnes Husslein-Arco, the exhibition features 170 exhibits by 75 artists. To get a taste, take a look at our picture gallery!
February 21, 2018
Historical Connection Between Klosterneuburg Monastery and Croatia
The Croatian ambassador in Austria, DDr. Vesna Cvjetković, visited the monastery Klosterneuburg, where the close historical ties became visible.
February 15, 2018
Discuss with Jeffrey Sachs Migration and Global Inequalities
Professor of economics Jeffrey D. Sachs will visit Austria on March 10th to give a lecture on migration and global inequalities. The lecture will take place at Vienna's Institute for Human Sciences.
March 2, 2016
Austrian-Russian Friendship Society to Appoint Richard Schenz as New President
Dr. Richard Schenz has recently been appointed as new President of the Austrian-Russian Friendship Society (ORFG - Österreichisch-Russische Freundschaftsgesellschaft). He succeeds CEO Ludwig Scharinger who left office for health reasons. KR Sen.hc Richard Schenz is a Vice President of the Austrian Chamber of Commerce (WKO). He was formerly CEO of OMV and Capital Markets Advisor to the Austrian Minister of Finance.
December 22, 2015
Californian Woman Can Not Take Austrian Railways to Court in the US
Supreme Court says, Carol Sachs who was heavily injured in Innsbruck can’t sue in the US. Her lawsuit against the Austrian national railroad ÖBB for injuries that she suffered while attempting to board a train in Austria does not fall within the “commercial activity” exception to the Foreign Sovereign Immunities Act, and is therefore barred by the doctrine of sovereign immunity. The American wanted USD 20 million compensation from ÖBB.
December 2, 2015
Mostboeck: "ATX Valuations Remain Attractive - Catch-Up Potential until Year-End"
The majority of companies in the ATX had to report significant earnings revisions in 2014. In addition, geopolitical risks in the context of the Russia/Ukraine conflict exerted a negative effect. “The significantly improved environment and the digestion of last year's one-off effects are creating notable catch-up potential for the ATX”, notes Fritz Mostböck, Head of Group Research at Erste Group.
June 23, 2015
Bilderberg 2015: Full List of All 133 Participants
The full list of all 133 attendees to the top secret Bilderberg Group conference 2015 has been released (see below). The Austrians participating are René Benko, Oscar Bronner, Heinz Fischer, Alfred Gusenbauer, Erich Hampel, Wolfgang Hesoun, Gerhard Roiss, Rudolf Scholten and Karl Sevelda.
June 12, 2015 · Updated: June 12, 2015; 17:45
The Bilderberg Group - Background and Criticism
The first Bilderberg conference dates back to May 1954, when it was held at the Hotel de Bilderberg in Oosterbeek, Netherlands. Partly because of its working methods to ensure strict privacy, the Bilderberg Group has been criticised for its lack of transparency and accountability.
June 11, 2015
Bilderberg 2015: The "World Government" Meets in Austria
A select group of global elite is gathering today at the Interalpen-Hotel Tyrol in Telfs-Buchen, Austria. The 63rd Bilderberg conference is a super secret annual conference where they can discuss politics, economics and foreign policy freely. A total of around 140 participants from 22 countries have confirmed their attendance at the Bilderberg conference 2015. As ever, a diverse group of political leaders and experts from industry and finance have been invited. This year the list includes nine Austrians. Key talking points on the agenda include the Ukrainian crisis, Greece, Middle East and Terrorism (see detailed list below). Security is tight - participants as well as protesters and journalists will have to deal with the Austrian anti terror squad "Cobra". After 1979 it's the second time that the conference takes place in Austria.
June 11, 2015 · Updated: June 11, 2015; 19:00
Austrian Doctor Treats Vladimir Putin in Moscow
Russian President Vladimir Putin, who has disappeared from the public eye since March 5th, is said to suffer from back problems, according to information from the "Kurier". He is now supposed to be treated by a Viennese orthopedic surgeon.
March 15, 2015
Eva Steindorfer Awarded the LGT Media Prize 2015
The work of three outstanding journalistis work was honored at an event in the Liechtenstein Palace in Vienna with the LGT media award for quality financial and business reporting. Eva Steindorfer was awarded the LGT Media Prize 2015.
February 25, 2015
10 Reasons Why You Should Invest In Vienna
In this post you'll find the top 10 reasons why your company or institution should consider investing in Vienna/Austria. In fact, we'll share the international studies which confirm the numbers and facts including its closest competitors. We look at the quality of living, the smart cities index, the prosperity, international congresses and conventions, the most reputable cities, the innovation cities index, online cities, business friendliness and other factors that influence the decision making.
January 20, 2015
World Leaders Met in Vienna to Adopt 10 Year Action-Plan for Landlocked Developing Countries
The United Nations General Assembly adopted a 10 year action-plan aimed at accelerating sustainable development in the world’s 32 landlocked developing countries (LLDCs). A Business and Investment Forum was organized as an integral part of the 2nd United Nations Conference on Landlocked Developing Countries with the aim of exchanging views on the challenges and opportunities faced by LLDCs and to discuss possible partnerships and strategies in regards to the role of the private sector in the overall sustainable development of LLDCs. Also, Conchita Wurst performed live at the UN in Vienna for tolerance and mutual respect.
November 7, 2014
Ederer Elected as Supervisory Board President of ÖBB Austrian Railways
A few days after her resignation from the ÖIAG Supervisory Board the former Siemens manager Brigitte Ederer was elected unanimously to the top of the ÖBB Supervisory Board.
September 11, 2014
Ederer Resigns as Supervisory Board Member of OIAG
Brigitte Ederer resigns as supervisory board member and leaves state holding company OIAG.
September 9, 2014
Reinhold Krammer Inaugurated as Austrian Honorary Consul in Chicago
Consul General Georg Heindl was very pleased to inaugurate Mr. Reinhold Frank (Rein) Krammer, a business lawyer whose parents immigrated from Austria to Chicago, as first Austrian Honorary Consul for Illinois, Iowa and Wisconsin.
August 1, 2014
VIG Subsidiary Donau Insurance to Appoint New CEO
Elisabeth Stadler will resign her position as Chairwoman of the Management Board of Ergo Austria and take over the position of CEO of listed insurance group VIG's subsidiary Donau Versicherung AG.
July 24, 2014
FDI in Austria up by EUR 25 Million
In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.
July 11, 2014
Siegfried Wolf New OIAG Supervisory Board Chairman
OIAG's supervisory board has appointed Siegfried Wolf as the new Chairman of the supervisory board.
June 27, 2014
Voestalpine Plans Further Acquisitions
In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.
June 16, 2014
Hanna Kordik Awarded the Prize for Outstanding Economic Journalism
Hanna Kordik was awarded the prestigious Horst Knapp Prize in a ceremony. The eulogy was delivered by Ewald Nowotny, Governor of Oesterreichische Nationalbank, in his capacity as chairman of an independent jury. The speaker at the award ceremony was the industrialist Hannes Androsch.
June 10, 2014
AmCham Austria: Lessing Has Been Elected New President
Mr. Norbert B. Lessing takes over the job of the President of the American Chamber of Commerce in Austria from Mr. Felix Thun-Hohenstein.
June 10, 2014
Sevelda: “Russia Still Crucial Market”
In the light of the close ties with regard to economic and energy relations with Russia Karl Sevelda, CEO of Raiffeisen Bank International (RBI) warns about the tightening of penalties against Russia.
May 23, 2014
Only 3 Austrian Delegates at the St. Petersburg International Economic Forum 2014
Thousands of economic experts, businessmen and policymakers are currently in Russia's northern capital St. Petersburg for the 18th annual investment forum. Less foreigners are attend this year, as CEOs have bowed to political pressure to cancel.
May 23, 2014
Hypo Alpe Adria Appoints New Supervisory Board
At an Extraordinary General Meeting of Hypo Alpe Adria International on Friday, a new Supervisory Board was appointed.
May 23, 2014
Austrian Oberbank Shines in Hungary
Austrian Oberbank bucks the trend of terminating business activity in Hungary. Instead, the financial institute plans on growing in one of the most difficult markets in Europe.
May 22, 2014
Austrian Prinzhorn Holding to Invest Massively in Hungary
Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014
Exporttag: Meet All Austrian Trade Delegates at the Export Day 2014
On June 24, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
May 20, 2014
voestalpine to Invest Further in China
Listed Austrian steel producer voestalpine opened another business location in China.
May 14, 2014
Bank Austria's Ukrainian Subsidiary Not Yet To Be Sold
Because of the crisis in Ukraine the planned sale of Bank Austria's Ukrainian subsidiary has been halted.
May 13, 2014
Edi Rama: "If Europe Decides Not To Need Muslim Balkan States, Terrible Things Will Happen"
The Albanian Prime Minister Edi Rama visited the Bruno Kreisky Forum in Vienna.
May 13, 2014
Czech Republic: Rosatom to Complete Temelin?
Russian State Atomic Energy Corporation Rosatom presented an offer to complete the units of the Czech nuclear power plant Temelin.
May 12, 2014
Calls for European Energy Union Become Louder
Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.
May 9, 2014
Austria DIY Chain BauMax Avoided Insolvency
Austrian leading DIY chain bauMax announced cost saving programs as part of its restructuring measures in Turkey, Romania, Bulgaria and Croatia. BauMax intends to focus on profitable business locations only.
May 9, 2014
Wesner: “Failing in Business Does Not Mean Personal Failure”
The start-up culture in Austria is clearly different than the one in the US. On the occation of the May Day, experts, including US ambassador to Austria Alexa Wesner, talked about the differences in the start-up scenes.
May 8, 2014
Prime Minister Edi Rama: Albania’s European Renaissance
Edi Rama, Prime Minister of Albania since 2013 is going to address the Bruno Kreisky Forum in Vienna.
May 8, 2014
EU Council Trying to Find a Way Out of Ukraine Crisis
Ahead of the European Council, which is currently taking place in Vienna under the Austrian presidency, Foreign Minister Sebastian Kurz declared not to expect a solution for the conflict in Ukraine.
May 6, 2014
Hypo Group to Shut Down Subsidiaries in Italy
Until the end of this year five subsidiaries in Italy will be closed.
May 6, 2014
Pewag Striving for Larger Market Share in US
The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014
Vranitzky: Joining EU One of the Most Courageous Steps
A symposium showed the EU Accession process of Austria in the early 1990’s in a new light.
May 6, 2014
“US Rolls Out Red Carpet for Austrian Industrial Enterprises”
Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.
May 5, 2014 · Updated: May 6, 2014; 13:25
Agenda Austria 2020: Economy = State
The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.
May 5, 2014
Federation of Industries: “Industrial Compact“ for European Competitiveness
The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014
Austria: Calls for More Competence in Real Estate Management Become Louder
Stock Exchange Guru Alexander Proschofsky and real estate expert Peter Hohlbein are fighting for a seat at Conwert’s administrative board. Proschofsky has been criticizing the strategy of the listed Austrian real estate company.
May 5, 2014
Slovenia: Bratusek Remains PM for Time Being
The date of the early elections in Slovenia will be determined this weekend.
May 3, 2014
Hypo Group: Shady Deals with Balkan Diplomats
The Austrian problem bank Hypo Group has troubles recovering debts.
May 3, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Austria: Hypo Group Investigation Committee to be Established?
Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?
May 2, 2014
Fitch Upgrades Rating for Slovenia
Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.
May 2, 2014
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