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Vienna International Community - Other Top Players - Latest Headlines
Read updated news about other key people in Vienna's international community
Insolvency of Viennese Real Estate Developer Lukas Neugebauer and his LNR Group
Another Austrian real estate company has been hit by insolvency. Bankruptcy proceedings have now been opened at the Vienna Commercial Court over the assets of Viennese real estate developer Lukas Neugebauer and his LNR Group. The bankruptcy affects both B&R Generalunternehmer GmbH and LNR Development GmbH, two central companies in Neugebauer's real estate conglomerate. The insolvency affects 32 creditors who have claims totaling 94 million euros. The creditors have until December 30, 2024, to assert their claims.
October 23, 2024
Austria's State Security: Increasing Threat of Terrorism in Europe Since the Hamas Attack
In the last twelve months, the threat of planned terrorist attacks in Europe has increased significantly. The Directorate of State Security and Intelligence (DSN) reported a fivefold increase in the number of detected attack plans since 7 October 2023, when the Islamist terrorist organization Hamas launched a large-scale attack on Israel. This development underlines the increasing security threat in Europe, particularly concerning geopolitical tensions.
October 23, 2024
Discussion on the Sobieski Monument in Vienna Continues
The discussion about a monument to King Jan III Sobieski in Vienna has picked up speed again. Since 2013, there have been calls for a monument to be erected on the Kahlenberg to the Polish king, who played a key role in saving Vienna from the Ottoman siege in 1683. Despite the failure of these efforts to date, in September 2024 the Polish embassy once again appealed to the relevant authorities to pay due tribute to this important chapter in European history.
October 21, 2024
Record Number of Company Bankruptcies in Vienna Burdens Economy and Labor Market
In Vienna, more than 1,100 companies filed for insolvency between January and September 2024, with the real estate sector particularly hard hit. This development contributes to rising unemployment, which has increased by 8.8% compared to the previous year. Experts blame the rise in the poor global economic situation, high inflation, and increased energy and rental costs. The increase is particularly worrying for retail and service companies, as shown by the example of Pepco, which has affected over 600 employees.
October 21, 2024
FPÖ Election Victory Causes Unease in Western Intelligence Agencies
The FPÖ's election victory in Austria is causing concern among Western intelligence services. Experts fear restrictions in international cooperation due to previous security gaps in the Austrian Office for the Protection of the Constitution and the FPÖ's proximity to Russia. In particular, the exchange of sensitive information could be affected if the FPÖ is in government.
October 17, 2024
Austrian Defence Minister Tanner and European Consensus on Continuation of UNIFIL Mission in Lebanon
The UNIFIL mission in Lebanon, which has been in operation since 1978, is to continue despite increasing attacks. The European troop contributors reaffirm their support to ensure stability and humanitarian aid.
October 16, 2024
Austrian Financial Market Authority Orders Forced Closure of Euram Bank
The Financial Market Authority (FMA) has withdrawn the business license of European American Investment Bank AG (Euram) in Vienna with immediate effect. This follows an extraordinary general meeting at which the bank failed to present a plausible plan for an orderly self-resolution. The bank should have either decided on a capital increase of 25 million euros or presented a credible liquidation strategy.
October 16, 2024
Stalemate after National Council Elections: Van der Bellen Calls for Revived Talks
Following the national elections in Austria, the country finds itself in a political impasse. President Alexander Van der Bellen declared in a speech that he would not give any party the task of forming a government at present due to the stalemate that has arisen. The FPÖ, which emerged from the election as the strongest force with 28.8%, is currently unable to find a coalition partner, as both the ÖVP and the other parties (SPÖ, NEOS, and Greens) refuse to cooperate with FPÖ leader Herbert Kickl.
October 15, 2024
Austria Excludes Solo Withdrawal from UNIFIL Mission in Lebanon
The escalation in southern Lebanon poses a significant threat to stability in the region, with UNIFIL continuing to attempt to maintain its security and observation mission despite the ongoing attacks. Austria's Defense Minister Klaudia Tanner has ruled out a withdrawal of Austrian blue helmets in Lebanon on her own.
October 15, 2024
Austrian Airlines Extends Flight Suspension to Tehran and Tel Aviv
Due to the ongoing tensions in the Middle East, Austrian Airlines (AUA) has decided to suspend flights to Tehran and Tel Aviv until at least the end of October.
October 15, 2024
Music Giants Rock the Cineplexx Cinemas: A Trend Excites Austria
Concert films and music biographies bring the biggest stars to the big screen, creating a very special cinematic experience. Among others, Coldplay's “Moon Music” and Whitney Houston's “Durban Concert” celebrated great success. These films not only offer high-resolution picture and sound quality but also allow fans to experience their favorite artists' concerts together without the inconvenience of a live event.
October 15, 2024
Palestine Congress in Vienna Causes Controversy and Criticism
The Palestine Congress, which had already caused a great deal of controversy in the run-up to the event, was moved at short notice from Vienna-Rudolfsheim-Fünfhaus to Favoriten. The event will take place in a hall in Kudlichgasse shortly before the anniversary of the devastating Hamas attack on Israel.
October 5, 2024
Vienna: The Best City Destination in Europe for Americans
Vienna has once again proven that it is undisputed as a world-class travel destination. Readers of the renowned luxury and lifestyle magazine “Condé Nast Traveler” voted the Austrian capital the best European travel destination in this year's “Readers' Choice Awards” 2024.
October 5, 2024
Jewish Community in Austria Deeply Concerned about the FPÖ's Election Victory
The disturbing election victory of the right-wing populist FPÖ in the parliamentary elections in Austria has alarmed the Jewish community. Oskar Deutsch, President of the Jewish Community of Vienna (IKG), expressed his deep concern in a statement.
October 2, 2024
Austria at the Decision: National Council Election 2024 and the Political Parties at a Glance
On Sunday, September 29, 2024, Austria will decide on the political direction of the coming years in the National Council elections. In addition to the five established parties ÖVP, SPÖ, FPÖ, Grüne and NEOS, smaller groups such as the KPÖ Plus, the Bierpartei, the Madeleine Petrovic list and the “KEINE” list are also running. The election campaign is characterized by discussions about social justice, migration, security and Austria's role in the European Union.
September 26, 2024
Global Peace Photo Award 2024: “Dreams of Childhood” Honored as Peace Photo of the Year
The Global Peace Photo Award ceremony took place in the Austrian Parliament. The peace photo of the year 2024, “Dreams of Childhood”, by photographer and multimedia artist Elisa Iannacone from the UK, was honored.
September 24, 2024
European Health Forum Gastein 2024: Health Policy in the Context of Democracy, Demography and Digitalization
The 27th European Health Forum Gastein (EHFG) is one of the most important health policy conferences in Europe. For four days, more than 1200 participants from science, civil society, industry and the public sector will meet to discuss current challenges in the field of health policy. The conference is dedicated to the complex interplay of the “3D” trends: democracy, demography and digitalization.
September 24, 2024
Magnus Brunner Becomes EU Migration Commissioner: A Challenge for the ÖVP and Europe
From the world of finance to migration – Austria's outgoing Finance Minister Magnus Brunner is taking on one of the toughest jobs in the European Union: EU Commissioner for Migration and Home Affairs. This decision has sparked both surprise and skepticism, especially within Austrian politics and the media.
September 19, 2024
Voestalpine in the Midst of an Accounting Scandal and Weak Quarterly Results
Voestalpine AG, one of Europe's leading steel and technology groups, is currently facing a double crisis. In addition to a massive drop in profits in the first quarter of the business year 2024/25, the company is struggling with the consequences of an accounting scandal that spanned more than a decade and only became public in June 2024.
September 18, 2024
Record Rainfalls Caused Flood Disaster in Austria
Over the past few days, Austria has experienced extreme rainfall that has broken numerous rainfall records and led to widespread flooding. The federal states of Lower Austria, Upper Austria, and Vienna were particularly affected, with many weather stations recording several hundred millimeters of rain in just a few days.
September 17, 2024
Arab Diplomats Visit Burgenland to Promote Renewable Energies
In a major initiative to strengthen bilateral relations between Austria and the Arab world, the Austro-Arab Chamber of Commerce (AACC) together with Energie Burgenland welcomed a high-ranking delegation of Arab ambassadors and diplomats to Burgenland. The focus of the event was on progress in the field of renewable energies and sustainable development.
September 15, 2024
China Ambassador to Austria Qi Mei in the “Press Salon” of the Austrian Journalists' Club
China's Ambassador Qi Mei was a guest at the “Press Salon” event at the invitation of the Austrian Journalists' Club (ÖJC). In the presence of journalists from well-known media such as “Der Standard” and ORF, Qi Mei took the opportunity to talk about China's current economic and political developments as well as relations with Austria.
September 12, 2024
Gas Extraction in Upper Austria: Opportunities and Challenges for ADX Energy's Test Drillings
The planned natural gas extraction in Upper Austria is causing controversy. While the Australian company ADX Energy sees gas as a contribution to national energy independence, environmentalists warn of the ecological and climate policy consequences of new fossil fuel projects.
September 12, 2024
Vienna to Become a Center for Financial Technology: AFT 2024 International Conference
Vienna will once again become the international hub for innovative financial technologies in September 2024. From September 23 to 25, 2024, the sixth edition of the Advances in Financial Technologies (AFT) conference will take place at the Austrian National Bank (OeNB).
September 11, 2024
Whistleblower System to Help Clarify the Signa Bankruptcy
The investigation into the insolvency of the Signa real estate empire is progressing. A new whistleblower system is now intended to help bring transparency to complex corporate structures through information from employees and creditors and to reveal previously undiscovered information.
September 11, 2024
Closing of the European Forum Alpbach 2024: Europe's Future under the Sign of the “Moment of Truth”
The European Forum Alpbach 2024 came to a successful conclusion with a lively discussion between high-ranking representatives of all Austrian parliamentary parties in front of around 500 participants. The final discussion marked the highlight of a two-week forum that once again served as an important platform for European and international dialog.
September 8, 2024
Azerbaijan's Parliamentary Elections: Lack of Competition and Restricted Fundamental Freedoms Draw International Criticism
On 1 September 2024, early parliamentary elections were held in Azerbaijan, which were sharply criticized by international observers from the OSCE. Despite efficient organization, the election was marked by a lack of political competition and an increasingly repressive political climate, which raised doubts about the democratic legitimacy of the entire process.
September 8, 2024
Technology Talks 2024: Vienna as a New Hotspot for Research and Innovation
On September 12 and 13, the MuseumsQuartier in Vienna will be transformed into a center for the latest developments in research, technology and innovation. The Technology Talks Austria 2024 will bring together over 700 experts from science, business and politics to discuss the challenges and opportunities of the so-called “triple transition” - a transformation that encompasses ecological sustainability, digitalization and social justice.
September 5, 2024
CIA Provided Crucial Clues to Attack Plans at Swift Concert in Vienna
The CIA has confirmed that it provided the decisive tip-off to prevent a possible attack on a Taylor Swift concert in Vienna. Information had been received about four people with links to the Islamic State (IS) terrorist militia who were planning an attack.
August 29, 2024
Controversy Over "Mosque Education 2.0": IGGÖ Criticizes the Lack of Recognition for their Reform Efforts
The Islamic Religious Community in Austria (IGGÖ) has expressed strong criticism of the recent public discourse surrounding the "Mosque Education 2.0" initiative announced by the Minister of Integration, Susanne Raab.
August 28, 2024
Austria's Colonel Markus Reisner: Escalation, Strategies and Possible Turning Points in the Ukraine War
The war in Ukraine has reached a new dimension in recent weeks. With intensified Russian airstrikes, fierce fighting in the Donbas, and a risky Ukrainian offensive across the Russian border, the conflict is facing a potential escalation and strategic realignment. Colonel Markus Reisner, one of the Austrian Armed Forces' strategists and military academics, assesses the situation.
August 27, 2024
European Forum Alpbach Enters Second Week: A Look Back and a Look Forward
The European Forum Alpbach (EFA) is entering the second week of its high-caliber discussion rounds. Under the motto “Moment of Truth”, the focus is on Europe's challenges and opportunities. While the first few days of the forum have already set important accents, the coming week promises equally exciting insights and groundbreaking debates.
August 27, 2024
IGGÖ President Vural Makes Clear Position Against Extremism
In a powerful speech, Ümit Vural, President of the Islamic Religious Community in Austria (IGGÖ), called for a joint effort to combat extremism and strengthen social cohesion. In view of the increasing challenges posed by terrorist attacks, geopolitical conflicts and heated security debates in the run-up to the upcoming elections, Vural emphasized the responsibility and long-standing role of the IGGÖ as a state-recognized religious community in Austria.
August 27, 2024
Ukraine's Kursk Offensive: IAEA Concerned About Kursk Nuclear Power Plant
The situation around the Kursk nuclear power plant in the Russian border region continues to deteriorate as fighting between Ukrainian and Russian forces intensifies in the immediate vicinity. Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), expressed his deep concern about the extremely dangerous situation during his visit to the power plant on Tuesday.
August 27, 2024
Lithuanian Asmik Grigorian to be Awarded the “Grand Jury Prize” of the Austrian Music Theater Award
The Lithuanian soprano Asmik Grigorian, one of the most outstanding personalities on the international opera scene, will receive the “Grand Jury Prize” of the Austrian Music Theater Award on September 1, 2024, at the Vienna Volksoper. This award, considered one of the most important honors in the field of opera in Austria, recognizes Grigorian's exceptional artistic achievements and her lasting influence on music theater.
August 25, 2024
OPEC Sees Oil and Electrification as an Inseparable Duo for the Future of Global Energy Supply
In the current debate about the future energy supply, electrification is often portrayed as the big opponent of oil. The increasing pressure to reduce CO2 emissions and make the energy supply more sustainable has led many to view the use of oil as obsolete. But Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), disagrees with this simplistic view and emphasizes the indispensable role that oil and its derivatives play in the global energy landscape.
August 20, 2024
Vienna Airport Reports Strong Growth in the First Half of 2024
Flughafen Wien AG, the operator of the Vienna International Airport, presented impressive results for the first half of 2024. The company recorded significant growth in all key areas, including passenger numbers, revenue, and profit, thus continuing its successful growth course.
August 20, 2024
Austria's Olympic Splendor in Paris 2024: A Balance Between Tradition and Surprises
The 2024 Summer Olympics in Paris are history, and Austria can look back proudly on its sporting achievements. On Tuesday, the successful Olympic athletes were honored in the Vienna Hofburg by Federal President Alexander Van der Bellen.
August 18, 2024
Alpbach: Between Tradition and the Future - the European Forum Alpbach 2024
The European Forum Alpbach (EFA) celebrated its 80th anniversary in 2024. It once again attracted over 4,000 participants to the small Tyrolean mountain village, which became the center of European discourse for two weeks. Under the general theme of “Moment of Truth”, this year's forum focused on the groundbreaking decisions that Europe must make in the face of multiple crises, from climate catastrophes to political tensions.
August 18, 2024
Ukraine's Kursk Offensive Assessed by Colonel Markus Reisner: A Risky Strategy with Far-Reaching Consequences
The recent Ukrainian offensive in Kursk, assessed by Colonel Markus Reisner of the Austrian Armed Forces, represents a bold but risky strategy that could have a profound impact on the course of the conflict and the future geopolitical situation.
August 16, 2024
Current DSN Investigation: Terror Plans Lead to Cancellation of Taylor Swift Concerts in Vienna
The planned Taylor Swift concerts at Vienna's Ernst Happel Stadium were supposed to be a highlight of the summer, but a serious terror threat forced the authorities to cancel the events. A new report by the Directorate of State Security and Intelligence (DSN) reveals the dramatic background to this decision, which is the result of a series of frightening developments.
August 15, 2024
Austria Investing in the Future: Strengthening STEM Education and Massive Research Funding
Austria is setting standards in the education and research landscape to meet the challenges of the future. With two far-reaching initiatives, the government aims to combat the shortage of skilled workers in the STEM fields (mathematics, IT, natural sciences, and technology) as well as massively promote research and innovation in the country. These measures are intended not only to solve short-term problems but also to secure and strengthen Austria as a business location in the long term.
August 13, 2024
United Nations Finalize Convention Against Cybercrime with the Support of UNODC
After intensive negotiations and several years of work, the member states of the United Nations finalized a new international convention against cybercrime. This convention represents a historic step in the global fight against the growing threats in the digital space.
August 12, 2024
Richard "Mörtel" Lugner: Vienna Mourns the Loss of a Dazzling Entrepreneur and Society Star
Richard Lugner, known as "Mörtel", has died at the age of 91 in his villa in Döbling. As one of Austria's best-known entrepreneurs, Lugner shaped the cityscape of Vienna and the Austrian commercial landscape for decades.
August 12, 2024
Taylor Swift Concerts in Vienna Canceled Due to Suspected Terrorism - What Fans Need to Know Now
The cancellation of the Taylor Swift concerts in Vienna has left many fans disappointed and perplexed. After two suspected terrorists were arrested who had possibly planned an attack on the upcoming concerts, the organizer Barracuda Music decided to cancel the events. Fans are now wondering what costs will be reimbursed and how to proceed.
August 8, 2024
Counter-Terrorism in Austria: Arrest of Two Terror Suspects and Cancellation of Taylor Swift Concerts in Vienna
In a worrying development, two people suspected of planning a terrorist attack on events in Vienna have been arrested. During a house search in Lower Austria, chemical substances were seized that were to be used for the attacks.
August 7, 2024
Wirecard Trial: Further Charges Against Former Management Board Members
Four years after Wirecard's spectacular bankruptcy, the Munich public prosecutor's office has brought charges against two further former members of the Management Board. The focus is on the former CFO, Alexander von Knoop, and Susanne Steidl, responsible for product development.
August 7, 2024
Austria Continues Cooperation with Serbia to Combat Illegal Migration
Vienna and Belgrade are intensifying their cooperation in the fight against illegal migration and organized crime. At a meeting in Serbia, the interior ministers of both countries emphasized the importance of joint border security measures.
August 6, 2024
Hopeful Peace Deal for Gangs in Gang Violence in Vienna
In recent weeks, Vienna's streets have been rocked by violent clashes between Syrian and Chechen youth gangs. These conflicts, which were initially perceived as ethnic tensions, have thrown the city into turmoil. But now there are signs of a surprising turnaround: Representatives of both communities have published a joint statement aimed at improving cooperation.
August 6, 2024
Winners of the Austrian Art Prize 2024 Revealed
Andrea Mayer, State Secretary for Art and Culture, today announced the winners of the Austrian Art Prize and the Hans Hollein Art Prize for Architecture 2024. The awards, endowed with 20,000 euros each, honor outstanding personalities in the Austrian art and culture scene.
August 5, 2024
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