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Vienna International News - Other Professional Services
Read the latest headlines about international auditors, lawyers, tax acountants, consultants, architects, engineers, doctors, IT service providers, etc.
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Austrian Raiffeisen Bank International Gets Under Pressure Due to Russo-Ukrainian War
Its involvement in Russia keeps Raiffeisen Bank International (RBI) and its managers, led by Johann Strobl, very busy. The subsidiary institution in Moscow is RBI's biggest profit earner and almost the entire RBI board is on the Ukrainians' "awaiting sanctions" list. Whether RBI will stay in Russia and how to proceed is still unclear, as the banking group is in a tricky situation.
January 9, 2023
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Wirecard Scandal: Trial of Marsalek and other Austrian Entrepreneurs to Begin
The Wirecard criminal trial in what is believed to be the biggest fraud case in Germany since 1945 begins in Munich. The public prosecutor's office accuses the former Wirecard CEO, Austrian Markus Braun, and his two co-defendants of forming a criminal gang, falsifying the group's balance sheets and cheating lenders of 3.1 billion euros
December 7, 2022
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Wirecard Scandal: New Indications for Marsalek's Stay in Moscow
Former Wirecard board member Jan Marsalek, who has been in hiding for two years, could be living in Moscow under the protection of Russian intelligence services.
July 26, 2022
Moody's Declares Russia in Default
The U.S. company Moody’s announced in New York that it was concerned with interest payments on two government bonds that had not been received by creditors even after a default period of 30 days had expired.
June 28, 2022
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Vienna Stock Exchange Prize 2022 Back on Stage Again
This year, for the first time, the Vienna Stock Exchange Award went to the Styrian printed circuit board manufacturer AT&S. Second and third place went to the oil and gas group OMV and the building materials manufacturer Wienerberger. The prize was awarded for the 15th time.
June 15, 2022
Construction Giant Strabag Removes Russian Voice on Supervisory Board
At the recently held Extraordinary General Meeting of STRABAG SE, Thomas Bull, a member delegated by the major shareholder Rasperia, was dismissed. His company is owned by the Russian oligarch Oleg Deripaska, who must therefore completely relinquish his control over Strabag.
May 5, 2022
Indian Edtech Giant Byju's Acquires Austrian Math App GeoGebra in €100 Million Deal
India's most valuable startup Byju's is buying Linz-based Geogebra, it has now been announced. Neither company disclosed the purchase price, but insiders say the deal is worth about 100 million euros and includes both cash and stock.
February 21, 2022
Naturalizations in Austria on the Rise Again Due to Descendants of Nazi Victims
Naturalizations in Austria are on the rise again, mainly due to the large number of descendants of victims of nazi persecution who applied for citizenship thanks to the amendment to Austria's Citizenship Act. Read more about this increase in naturalizations.
February 17, 2022
Vienna is Becoming the Start-up Capital of Austria
Vienna's start-ups generated an added value of 3.9 billion euros in 2021, making it the most popular place in Austria for start-ups. Read more about the start-up environment in Vienna and what it has done for the Austrian economy.
February 9, 2022
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Putin's Propaganda TV-Channel Tries to Expand to Austria
An attempt to supply an Austrian target group with German-language propaganda from Berlin will apparently fall victim to the media war between the two state broadcasters Russia Today (RT) in Berlin and Deutsche Welle (DW) in Moscow.
February 9, 2022
Portrait: Who Is Robert Malley, the Old and New U.S. Lead Negotiator of the Iran Nuclear Talks?
In 2021, Robert Malley was appointed U.S. Special Envoy for Iran, which means he is once again the lead negotiator for the U.S. in the Iran nuclear talks. Read about Mr. Malley's career and his efforts to limit Iran's nuclear activities.
December 15, 2021
Luxury Goods Group: Swarovski Drops Further in Ranking
The famous Austrian crystal glass manufacturer Swarovski has fallen a further 3 places on the global ranking of luxury goods sales. The company's sales also halved between 2017 and 2020 from 3.5 billion euros to 1.7 billion euros. Read about Swarovski's decline in sales and the general downturn in the luxury goods industry.
December 8, 2021
Andrea Rois Is the New Head of Group Marketing and Communication at Soravia Investment Holding
Project developer Soravia is strengthening its team with Dr. Andrea Rois (44) as the new Head of Group Marketing & Communication.
November 4, 2021
The Chamber of Commerce Switzerland-Austria-Liechtenstein Turns 100 Years Old
The Chamber of Commerce Switzerland-Austria-Liechtenstein or Handelskammer Schweiz-Österreich-Liechtenstein (HKSÖL) has supported economic relations between the countries for 100 years. They provide professional assistance to companies in these countries and Central and Eastern Europe. The HKSÖL has facilitated a particularly successful economic relationship between Austria and Switzerland. Read more about what the HKSÖL does and the Austro-Swiss economic relationship.
August 27, 2021
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Austrian Business Agency: René Tritscher Succeeds René Siegl
René Tritscher has succeeded René Siegl as the new Managing Director of the Austrian Business Agency (ABA). Read about Mr. Tritscher's views on the future of the agency, as well as his previous experience working for ABA - WORK in AUSTRIA and the Austrian Economic League (Österreichischer Wirtschaftsbund).
August 24, 2021
The New Austrian Identity Card: Modern and Forgery-proof
Experts from the Austrian Ministry of the Interior, Federal Criminal Police Office, and Austrian State Printing House have developed a modern and more secure identity card. The release of the cards is accompanied by a new mobile phone app that allows users to verify the authenticity of the new cards.
August 6, 2021
What Is the Joint Vienna Institute and What Does It Do?
The Joint Vienna Institute (JVI) is a Vienna based International Organization which provides policy-oriented training primarily to public sector officials from countries in Central, Eastern and Southeastern Europe, the Caucasus and Central Asia, and other selected countries. It has been a hallmark of cooperation between the IMF and Austria for 29 years. Find out how the institute justifies its existence.
July 22, 2021
City of Vienna and Vienna Business Agency Create New Business Immigration Office
The Vienna Business Agency and Vienna City Government have partnered to create the Business Immigration Office (BIO). The BIO will help streamline residence permit and immigration issues and offer help with integration for key personnel and highly skilled workers.
July 15, 2021
UK to End Quarantine for People Vaccinated in the UK Returning from Austria
United Kingdom Prime Minister Boris Johnson announced that the government would begin easing COVID-19 restrictions for England on 19 July. People vaccinated in the UK will no longer be required to quarantine when returning from "Amber List" countries like Austria. Read more about this and what else the PM said will change.
July 13, 2021
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Handy-Signatur in Austria: What It Is and How to Get It
The Handy-Signatur is an important tool to have in Austria. It is useful for accessing many online portals, including health insurance and the new Green Pass for proof of COVID-19 vaccination. Learn more about it.
July 8, 2021
Dubai Expo: Which Austrian Companies Will Benefit from the Exhibition in the UAE?
Expo 2020 Dubai, which will take place in the United Arab Emirates from October 1, 2021 to March 31, 2022, is advertised above all as an opportunity for "Austrian companies to make a lasting impression with their innovative strength and creativity". The fact is that so far apparently only a handful of construction and design-related companies directly involved in the development of the Austrian pavilion financed by Austria are benefiting from the project. Which Austrian companies are involved in the project, you will find out in the following.
April 27, 2021
Microsoft Investment in Cloud Data Center Adds €2 Billion in Value for Austria
The data center for Austria, which Microsoft announced last fall as a milestone, is taking concrete shape. Microsoft has acquired operational building land for this purpose. The data center ecosystem is expected to include more than 4,000 local partners and cloud-using customers. It also announced investments in a new Center of Digital Excellence and skills training for up to 120,000 Austrians by 2024.
February 5, 2021
Austrian Post Invests More Than EUR 100 Million in Turkish Subsidiary
Despite the critical tensions between the European Union and Turkey, the Austrian Post will be investing more than EUR 100 million in a Turkish subsidiary in the next five years. CEO Pölzl is confident that the separation of politics and the business aspect will be also possible in the future.
October 23, 2020
Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
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Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
Austrian Technology Company Kapsch Will Cut Around 400 Jobs
Vienna-based company Kapsch is likely to cut about 400 jobs globally in the near future. The company has commenced a transformation program that will allow it to be successful in the future.
September 3, 2020
Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
President Van der Bellen at the Salzburg Festival: "Artists Need All Our Support"
Federal President Alexander Van der Bellen invited his German counterpart Frank-Walter Steinmeier accompanied by Elke Büdenbender to a festival and working visit in Salzburg. Both presidents agreed on the fact that artists are in a very difficult situation at the moment and need to be supported.
August 24, 2020
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Vienna Based UNIDO Holds Expert Panel to Discuss Developments in Industry and Society
The United Nations Industrial Development Organization hosted an expert panel about the future of industry and society. Main topics were the advancement of attaining the sustainable development goals and shaping society as a whole.
August 21, 2020
ABA - Invest in Austria: 270 Attendees at Austrian Business Agency Event
According to "ABA - Invest in Austria: Austrian Business Agency", 270 companies interested in investing in Austria took part in the first virtual open day to learn about new business models and general conditions for foreign companies in Austria during and after the Corona crisis.
June 25, 2020
New Chief Financial Officer at Allianz Group Austria
German-born Anne Thiel (49) is to take over as CFO of Allianz Group Austria on September 1, 2020. She succeeds Eva Meyer-Schipflinger, who will take over a global management position at Allianz SE in Munich.
May 30, 2020
Tax Consultants and Auditors: Corona Aid Fund for Fee Losses Threatening their Existence
The Austrian Chamber of Tax Consultants and Auditors (KSW), which represents 8,000 Austrian tax consultants and auditors, is setting up a 2 million euro aid package.
May 12, 2020
Law Firm Wolf Theiss: Update on the Corona Virus Tests
The complete results of Wolf Theiss' corona virus testing of the employees in Vienna are now available: 3 employees positive, 293 employees negative.
March 4, 2020
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Coronavirus: Vienna Law Firm Tests Three Employees Positive
The renowned law firm Wolf Theiss announces that three of more than 280 examined employees have become infected with the coronavirus.
March 3, 2020 · Updated: March 4, 2020; 19:10
Digital Tax: Google Charges Customers
The search engine operator Google wants to collect the new digital tax, which has been levied in Austria since January on income from online advertising by international corporations, in its entirety from its advertising customers.
January 31, 2020
Another Electric Rental Scooter Has Arrived in Vienna
"Emmy", a Berlin-based start-up and electric scooter sharing company is rolling into Austria. The scooters are now also available for short-term rental in Vienna in addition to major German cities. Further Austrian cities are to follow.
November 15, 2019
City of Vienna Battles Airbnb & Co
Shortly before the new European Commission takes up its tasks, the City of Vienna is launching a new Europe-wide offensive to finally achieve clear rules for digital platforms such as Airbnb & Co.
October 22, 2019
Conference Metropolis Vienna on the Rise
With more than 4,500 events, 631,000 participants and 1.9 million overnight stays per year, Vienna is one of the world's most popular meeting metropolises and sets new records year after year. Last year was a highly successful year, as conferences in the metropolis of Vienna have never brought so much added value as in 2018.
September 23, 2019
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International Congress Guests Love Vienna
Vienna is the second most important destination for international congresses after Paris. The Austria Center Vienna profits from this in a unique way and last year brought about 116,000 international visitors to Vienna inducing an economic impact of half a billion euros.
July 29, 2019
Central European University Accredited as Private University in Vienna
The Austrian accreditation procedure for the CEU Central European University was successfully completed, so that the university can now start its operations in Vienna. Until now, the university was accredited in the USA and Hungary, the teaching took place exclusively in Hungary.
July 12, 2019
Meinl Bank Rebranding - Anglo Austrian Bank Launches with Negative Result of EUR 4.5 Mio
As part of a rebranding, Meinl Bank of Julius Meinl V (59) has renamed itself Anglo Austrian Bank and is relaunching its operations in Vienna with 49 employees in order to respond to the increased demand for qualified asset management in the countries of the former Danube Monarchy and to provide clients with a bridge to the countries and financial markets of Western Europe.
June 28, 2019
So What Does the Future Hold for the Eurozone?
The Eurozone between crisis and reform. At the Austrian Academy of Sciences, the renowned European financial experts Agnès Bénassy-Quéré, Klaus Regling, Elke König and Josef Zechner discussed the structure, challenges and necessary financial market reforms within the euro zone.
June 28, 2019
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
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