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How Austria Shapes its Future with Artificial Intelligence
Austria's Government is currently working together with the consulting firm Accenture on an Austrian Artificial Intelligence (AI) strategy, which is to be finalised by summer 2019. A study shows that a 3 percent economic growth is possible. That much is already known.
May 3, 2019
WeWork Cooperation to Facilitate Internationalization of Austrian Start-ups in the USA
The aim of the cooperation between shared workspace provider WeWork and AWS - Austria Wirtschaftsservice is to support innovative Austrian start-ups in their internationalisation in New York and on the US market.
April 26, 2019
Congress Tourism in Vienna Continues to Boom
Vienna as a congress destination is booming. Last year, the metropolis achieved record figures for conference participants and added value. Around 631,000 participants (plus three percent) attended 4,685 congresses and company events (plus 15 percent), which resulted in 1,925,000 overnight stays (plus three percent). A single congress participant spends 541 euros per day.
April 5, 2019
International Financial Institutions World Bank Group and IMF Expand Presence in Austria
Important success for Austria's business location policy. According to media reports, the IMF International Monetary Fund will move to Vienna in June, while the World Bank Group will double the staff and size of its Vienna office.
March 29, 2019
Vienna-Campus of Central European University to be Temporarily Set Up in Southern Vienna
The CEU Central European University of George Soros announces that it has opted for an interim location in Vienna's Favoriten, the "heart of the multicultural 10th district". This campus is scheduled to start operations in autumn 2019. By 2023, the university will be moved as planned to the premises of the Otto Wagner Hospital on Baumgartner Höhe in Vienna's 14th municipal district.
March 22, 2019
Viennese Merchants' Guild Prepares for Chinese Century
Something is happening in the Viennese school system. The VBS Vienna Business School will offer its students the opportunity to learn Chinese (Mandarin) at all six school locations from autumn onwards and to take advantage of an extensive range of Chinese language and culture courses.
March 18, 2019
Israel and Austria Sign Agreement on Continued Business Cooperation
On the sidelines of the state visit to Israel and the Austrian-Israeli Business Forum at the Hotel Intercontinental in Tel Aviv, the Economy ministers from Israel and Austria signed an agreement to accelerate business and entrepreneurial cooperation.
February 6, 2019
Soros University Leaves Budapest in Favor of Vienna
In Hungary, the Central European University (CEU) has faced massive hostility. As a consequence, the location will be relocated to Vienna. Michael Ignatieff, the rector of CEU, announced this week in Budapest that the university is finally moving: "This is a dark day for freedom in Hungary, and it's a dark day for academic freedom." In Vienna, negotiations are still underway on a suitable building for interim use from 2019. By 2023, the university is to move permanently to the grounds of the Otto Wagner Hospital.
December 6, 2018
Expat Survey: Vienna for Expats Highly Attractive and Newcomer-Friendly
A study commissioned by the City of Vienna confirms that four out of five international professionals and executives who came to Vienna had a good or very good start. 93.9 percent confirm the city's high international attractiveness, 89.3 percent would recommend Vienna as an expat destination.
November 22, 2018
Austria Strengthening Venture Capital Structures with Seoul and Shanghai
Margarete Schramböck, Austrian Federal Minister for Digitisation and Business, visited Seoul, the capital of South Korea and China's greater Shanghai metropolitan area, together with a high-ranking delegation of experts from the fields of digitisation, science and business, with the aim of strengthening Austria as a location for innovation.
November 9, 2018
International Day of the Girl: Austria Center Vienna Illuminated in Pink
The Austria Center Vienna and the Austrian Presidency of the Council sent a signal on the International Day of the Girl and illuminated the Austria Center Vienna (ACV) pink in the evening. At the same time, inside the Center with the conference "Gender Equality and YOU. Young Voices. Joint Initiative" and the informal meeting of the EU Ministers for Gender Equality, important gender equality events took place within the framework of the EU Council Presidency.
October 12, 2018 · Sponsored Content
Outlook - Chinese Tourists and the Destination Austria
With around 900,000 arrivals (+23%) and 1.3 million overnight stays (+25%) in 2017, China is Austria's most important Asian market of origin with the greatest growth potential. From January to July 2018, Austria also recorded record figures with around 542,000 arrivals (+ 8.2) and around 781,000 overnight stays (+ 11.5 %) from China.
October 3, 2018 · Updated: October 11, 2018; 22:55
ACV Austria Center Vienna: More than 100,000 International Participants for the First Time
Last year, Austria’s largest congress centre brought more than 100,000 international participants to Vienna for the first time. The venue also once again exceeded the record revenue figure from the previous year.
September 26, 2018 · Sponsored Content
Vienna's Attractiveness as a Location for Business Continues to Grow
For the sixth year in a row, Vienna recorded the highest number of companies settling in the city. After Vienna had already achieved a record figure in the previous year with 178 international new additions, this was again exceeded last year with 191 new companies, which is an increase of 13%. These business establishments together are responsible for investments totalling €537 million and 1,087 new jobs. There are 344 new foreign invested businesses throughout Austria. German companies remain the number one investors in Austria.
April 30, 2018
International Congresses: Vienna Worldwide Number Two - UN Events Contribute 7% of Conference Nights
The Vienna meetings industry progresses from record to record. With 186 meetings, Vienna remains behind Paris with 196 meetings, number 2 in the Worldwide Ranking of the ICCA (International Congress and Convention Association). In the year prior to that, Vienna was still in fifth place. The proportion of congresses that can be allocated exclusively to the United Nations is enormous and accounts for around 7% of overnight stays.
April 24, 2018
Austria Center Vienna Unveils Largest Modernization Concept in Its History
Austria's largest congress centre, the Austria Center Vienna, recently presented its modernisation concept until 2022. This will make completely new event formats possible and at the same time make the space around the house more attractive to the public. This is the largest construction project in the company's 30-year history.
April 20, 2018
Former Finance Minister Schelling Appointed Gazprom Advisor
Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.
March 30, 2018
Expat Advise: How Does the Austrian Tax and Social Security System Work?
If you are moving to Vienna as an expat or are already living here with employment income and want to find your way around the complicated Austrian tax and social security system, Vindobona recommends attending an interesting event organised by the Vienna Business Agency and Deloitte Austria.
March 22, 2018
C-Quadrat: Unexpected Good Performance in December
Due to the positive performance of several investment funds managed by asset management companies of the C-Quadrat Group, which reached new price highs, in December 2017 the C-Quadrat Group realized additional revenue from performance-related remuneration.
January 5, 2018
VSE and CEESEG: Heimo Scheuch to Serve as New Chairman of the Supervisory Board
Changes in the supervisory board of Wiener Börse AG and CEESEG AG have taken place and a new executive committee was elected. Heimo Scheuch, CEO of Wienerberger AG, will serve as Chairman of the Supervisory Board. Angelika Sommer-Hemetsberger, member of the Management Board of Oesterreichische Kontrollbank AG, was elected Vice-Chairwoman of the Supervisory Board.
June 15, 2016
Central and Eastern European Forum in Vienna next Week
The Central and Eastern European Forum - organized by Euromoney - is taking place in Vienna next week. 1,000 top level policymakers, issuers, and commentators from the region will join local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead.
January 13, 2016
Hungarian Central Bank Buys Austria's 68.8% Stake in Budapest Stock Exchange
Austrian shareholders CEESEG and OeKB sell their 68.8% stake in Budapest Stock Exchange to Hungarian Central Bank for €42m ($45m), the Hungarian central bank confirmed officially.
November 24, 2015
PayLife Becomes SIX Payment Services
In September 2013, the Swiss financial services provider SIX acquired PayLife, the market leader for cashless payments in Austria, from the Austrian banks. With the acquisition and integration of PayLife SIX underlines its goal of driving international growth and its ambition to be among the leading European providers of card-based payments. Starting today, PayLife Bank GmbH is renamed SIX Payment Services ( Austria ) GmbH.
September 23, 2015
Vienna as a Congress City Takes Second Place Worldwide
Austria's capital city, Vienna, has once again confirmed its standing as one of the world's most popular congress cities in 2014. In the 2014 ranking of the International Congress and Convention Association (ICCA) Vienna took second place with 202 international congresses, thereby climbing one place against 2013. Paris (with 214) was at the top of the ranking.
September 11, 2015
BDO Austria Expands Consulting Expertise
Ten partners together with their teams have switched from a renowned Austrian competitor to BDO Austria. Thanks to this switch, BDO Austria is able to expand its consulting expertise in the areas of SMEs and family business.
September 10, 2015
Erste Bank Replaces Security Trading Platform Brokerjet with George
Erste Bank's Brokerjet service - that is tailored specifically toward the needs of online trading customers - will be discontinued as of the end of November. In the future the service will be offered via securities trading services George.
July 14, 2015
Euromoney Names UniCredit-Bank Best Bank in CEE
Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.
July 14, 2015
Austrian Export Day 2015 - Tomorrow is Today: Meet Trade Delegates at the Exporttag
On June 30, 2015, from 10am to 5pm the Export Day (Exporttag 2015) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
March 27, 2015
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