Vienna International Luxury Goods Guide

Investor Survey: Vienna Among Top 3 Locations for Real Estate Investments

Despite the Covid-19 crisis, Vienna is still one of the most attractive European metropolises for real estate investments. According to a recent survey among investors, London, Berlin and Vienna make up the Top 3 locations in which real estate is highly sought.

October 19, 2020

Art Enjoyment at the "Fair for Art Vienna"

Austria's largest art and antiques fair sets an example for the Vienna art market even in times of Corona. During these times, the fair's focus on the Austrian art trade certainly proves to be an organizational advantage. Nevertheless, one or the other international new discovery of recent years stands out, such as the Chongqing-Chinese Li Hua, who, coming from classical Chinese calligraphy, is increasingly moving towards more expressive and colorful compositions.

October 11, 2020 · Sponsored Content

Dutch Opera Director Lotte de Beer Becomes New Head of Volksoper

The Dutch opera director Lotte de Beer, artistic director of the Dutch ensemble Operafront, will direct the Volksoper Wien from September 1, 2022 onwards. She was able to secure the position, for which more than 30 international and national applications were submitted.

October 6, 2020

Tourism Conference: Clear Regulations and Low Infection Rates Are Prerequisites

Tourism in Austria will be possible with clear regulations and low infection rates, according to Tourism Minister Köstinger. The Federal Minister met with representatives of the federal states to discuss how and in which form winter tourism will be possible this year.

September 29, 2020

Austrian Economy Slumped by 12.1% in Q2 2020

The newly published report by Statistics Austria shows a massive economic slump in the second quarter of 2020. Austria's GDP declined by more than 12 percent compared to the second quarter of 2019 while expectations for the last two quarters of the year are not much better.

September 28, 2020

Cancellation of Vienna Opera Ball 2021

Due to the rise of Covid-19 cases in Austria, it was decided that the Vienna Opera Ball 2021 planned for February 11, 2021 will be cancelled. Although the Vienna State Opera put a lot of effort into security concepts, the wellbeing of the participants could not have been guaranteed.

September 23, 2020

Sacher Hotels Lay Off 140 Employees

The dramatic situation in Austria's tourism industry does not even spare one of the most prestigious hotels in Europe. The Sacher Hotels, located in Vienna and Salzburg, have announced the dismissal of 140 employees.

September 15, 2020

Austrian Foreign Ministry Endows Special Prize for International Art

Austrian Foreign Minister Alexander Schallenberg announces a new prize for international artistic projects that deal with the impact of technology and digitalization on society.

August 27, 2020

Statistics Austria: Inflation Has Risen to 1.7% in July 2020

According to latest reports, inflation in Austria has risen from 1.1% in June to 1.7% in July 2020. The pricing of clothing was the main driving force.

August 19, 2020

New Luxury Hotel To Come To Vienna: The Mandarin Oriental Vienna

The Mandarin Oriental Hotel Group, a Southeast Asian hotel chain that operates luxury 5-star hotels, is establishing a hotel in Vienna and invests 100 million euros.

July 8, 2020

COVID-19: Overview of the Current Measures of the City of Vienna

The coronavirus crisis has had Austria in its grip since mid-March. Now the measures are being gradually eased again. Current information on all measures and restrictions in Vienna. Restaurants, church services, outdoor animal parks, outdoor sports, etc. will be reopened from 15 May, hotels from 29 May.

May 14, 2020

Hotel Sacher Vienna: New Director is a German Again

Reiner Heilmann, the long-standing director of the Hotel Sacher in Vienna, hands over the management of the hotel to 35-year-old hotel manager Andreas Keese.

May 12, 2020

By Car in Vienna: City Suspends Short Term Parking Zones

The City of Vienna is lifting the existing short-term parking zone regulation for a limited period of time because many people are increasingly using their cars again for fear of infection with the coronavirus. Garage spaces will also become cheaper.

March 17, 2020

Security at the Vienna Opera Ball: 300 Police Officers on Duty

According to the Ministry of the Interior, the security concept and the security measures in and around the Vienna State Opera are impressive. In total, up to 300 police officers are deployed at the Opera Ball. These include two Dutch shepherd dogs which searched the State Opera for explosives and other suspicious objects.

February 20, 2020

Outstanding Artist Awards: International Flagships of the Art Scene

The awards are presented annually to artists of the younger and middle generation for outstanding achievements. At this year's presentation of the awards in the Federal Chancellery, Minister of Art and Culture Schallenberg stressed that the aim of this award was to highlight the extraordinary achievements of Austrian artists, "especially those who have a particular influence on the current art scene", i.e. who are " outstanding".

December 9, 2019

Vienna Expects Lucrative Ball Season 2020 with 151 Million Euro Turnover

At the Viennese balls, 520,000 ball guests are expected this season, one of whom will spend an average of 290 euros.

November 21, 2019

Buy Local - Invest Global: How to Invest Your Money on the Vienna Stock Exchange

Expats in Austria now have access to over 680 internationally sought-after securities from 26 countries at local conditions.

October 25, 2019

What You Always Wanted To Know About Viennese Diplomatic Number Plates

How to find out for which country or international institution a vehicle with an Austrian diplomatic license plate is registered, starting with the initials WD (Wien Diplomat) and a certain number. For example, "WD-1" is the Diplomatic Code for Vatican City.

October 23, 2019

The Belvedere at Night - An Extraordinary Evening at a Beautiful Baroque Palace

With its unique baroque palace complex and a world-class art collection, the Belvedere Vienna offers an exquisite setting for various events such as weddings and business breakfasts.

September 25, 2019 · Sponsored Content

Expats in Austria Give Host Country Its Worst Ranking Yet

Expats in Austria enjoy a healthy life with great opportunities to travel, however, finding friends or even love can be a struggle. Hence Austria became 3rd from the bottom (56th out of 64 countries) in the Ease of Settling In Index.

September 20, 2019

Oh Vienna: Austria's Capital Remains the World’s Most Liveable City

Vienna has successfully defended its leading position in the Economist ranking of the most liveable cities in the world. On the index Vienna scores a near-perfect 99.1 out of 100, putting it just ahead of Melbourne.

September 5, 2019

Open House: Discover Vienna's Unique Architectural History

Part of Vienna's rank as the city with the world’s best quality of livingis is its outstanding architecture and design. On 14 and 15 September 2019 about 100 buildings - many of which are normally inaccessible - will open their doors for the general public, free of charge.

September 3, 2019

Relocation to Austria: How to Import Tax and Duty Free a Vehicle for Personal Use

It may be convenient to take your car with you when you relocate to Austria. The same applies to cars that may cost less abroad than in Austria. However, there are additional costs in addition to the purchase price (Eigenimport). The NoVA (Normverbrauchsabgabe) is due at the first registration in Austria for new and used cars. The NoVA varies according to age and model. However, you can avoid this under certain conditions.

August 7, 2019

BMW to Invest 28 Million Euros in Salzburg Location

Within the framework of a festive event under the theme "Good for Salzburg. Good for Austria." the BMW Group recently laid the foundation stone for its new BMW Group Campus Salzburg for Central and Southeastern Europe. BMW is investing 28 million euros in the expansion of 400 employees. The inauguration of the new campus is planned for autumn 2020.

August 5, 2019

Driving a Car in Austria: What Users of a Vehicle with a Foreign Number Plate Need to Know

Persons whose main residence is in Austria and who drive a vehicle with a foreign registration plate must obtain an Austrian registration plate after one month at the latest. If the license plate is used for a longer period of time, administrative and financial criminal proceedings will be initiated.

August 2, 2019

8 Reasons why Vienna is an Ideal Destination for Expats

Home to imperial architecture, masterpiece-filled museums and inspiring music, it’s no wonder that Vienna is a desirable destination for tourists and expats alike.

July 26, 2019

Diplomats in Austria: How Does the Tax Exempt Purchase of Motor Vehicles Work?

New rules for the tax-exempt purchase of a motor vehicle from an Austrian car dealership concern the direct exemption from VAT and the normal consumption tax, which contributes to speeding up the tax relief.

July 9, 2019

Billionaire Heidi Horten to Become Museum Founder

The billionaire, patron and art collector Heidi Goëss-Horten has acquired a palace for the permanent presentation of her Heidi Horten Collection in downtown Vienna, right next to the State Opera and Albertina. Agnes Husslein-Arco is intended as director. The museum in the Hanuschhof is scheduled to open in early 2022.

July 5, 2019 · Updated: July 5, 2019; 15:17

Palais Esterházy: Oldest Building on Vienna's Kärntner Strasse Restored

Casino Wien, a subsidiary of CASAG Casinos Austria AG, is investing in the preservation of the venerable Palais Esterházy at Wiener Kärntner Straße 41. The heritage-protected facade will be restorated from summer 2019.

April 6, 2019

Welcome Expats - Vienna Remains the Most Livable City in the World

In 2019 Vienna was again rated by the international consulting agency Mercer as the city with the highest quality of life worldwide. In the special evaluation on the subject of personal security, however, Vienna was only ranked 6th.

March 14, 2019

"Alles Oper!" at the Vienna Opera Ball 2019

Every year, the Vienna Opera Ball (Wiener Opernball) at the Vienna State Opera is one of the social highlights of the ball season during the Vienna Carnival. With more than 5000 attendees, the ball is one of Austria's largest meeting places for creative artists, entrepreneurs and politicians from Austria and abroad. 144 couples from Austria and beyond will open the ball this year. The evening, often referred to as the "highlight of the ball season", will take place this year on Thursday, 28 February 2019 for the 63rd time after the Second World War.

February 15, 2019

First BMW Z4 'Made in Austria' Has just Rolled off the Production Line

The new BMW Z4 has been rolling off Magna Steyr's production line for a few days now. The sporty roadster is produced exclusively in Austria for the entire world market. The BMW Z4 is - besides the BMW 5 Series - already the second BMW car that is currently produced in Austria. This emphasizes and strengthens the BMW Group's commitment to Austria as a business location.

November 22, 2018

The First-Ever BMW X7 - A New Dimension in Spaciousness

The first-ever BMW X7 has been revealed and we have all the information you need to know about the company’s flagship Sports Activity Vehicle (SAV). Keep reading for the car’s full price, specs and release date.

October 25, 2018 · Sponsored Content

Contemporary Artists from Vienna - Memories of the City where I Lived

Many Viennese Artists are intensively engaged with the city of Vienna, its history and society. Between humorous processing of clichés and critical examination of society, they have found many interesting ways to portray their typical Vienna.

October 17, 2018 · Sponsored Content

Expats in Austria: "You will never be able to make local friends"

We would like to share with you some of the findings of the Expat Network InterNations on the well-being of expats in Austria. Although these differ in some respects considerably from other annual reports, they also contain survey results which are a common thread in most studies. These include the fact that the quality of life is perceived as very high, but on the other hand intercultural communication and establishing friendships is perceived as very difficult.

September 20, 2018

Most Expensive Sparkling Wine Bottle in the World Made in Vienna

A Schlumberger cuvée vintage 2007 with 6.600 Swarovski crystals and 26 hours manual work production time was sold for a record price of 10.000 Euro at the "Licht ins Dunkel" charity gala for a good cause.

March 26, 2018 · Sponsored Content

Vienna Forever the Most Livable of All Cities?

For the ninth time in a row, Vienna has been ranked number 1 worldwide in the Mercer Quality of Living ranking. Vienna owes this to the generous and liberal spending policy of the city government of recent decades. In view of the expected budget cuts, it remains to be seen whether Vienna will be able to maintain this leading position in the future.

March 20, 2018

The New BMW X4 - The Dream of Every Diplomat

At the 2018 Geneva Motor Show, which is currently taking place in Geneva, BMW presents the new BMW G02 X4, among others.

March 7, 2018 · Sponsored Content

Mainland Chinese Billionaire Guo Guangchang to Take Over Austrian Asset Wolford AG

Shanghai based Fosun Group through its Hong Kong (Central) vehicle Fosun Industrial Holdings Limited (Fosun) has taken over control of one of Austria's last remaining lingerie assets. According to Wolford, its new strategic core shareholder has agreed to pay at least €36M for a 50.87% majority stake in Wolford AG. Wolford has been struggling with management problems for some time. It also has been loss making for several years. Fosun Industrial Holdings Limited, a subsidiary of Fosun International Limited (British Virgin Islands) is an investment holding company with interests in asset management and entertainment services. Fosun wants full control of the lingerie maker. Upon the closing of the share purchase agreement Fosun intends to launch a takeover offer to the remaining shareholders. Fosun was co-founded in 1992 by Fudan graduate Guo Guangchang who meanwhile became the 34th richest person in China with a net worth of €7 billion.

March 3, 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

Jaguar Land Rover Signs Deal to Manufacture Cars in Austria

Tata Motors-owned luxury carmaker Jaguar Land Rover (JLR) said it has signed a contract manufacturing agreement with Austrian automotive firm Magna Steyr in another step to enhance its worldwide production line and build global footprint.

July 29, 2015

Hyundai and Opel Motor Vehicles Top the List of Newly Registered Passenger Cars

A total of 26,945 registrations of new motor vehicles in Austria was observed in October 2014, by 0.8% more compared to October 2013.

November 11, 2014

Vienna: Luxury Real Estate Segment Booms

In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.

April 15, 2014

Austria: Prices for Luxury Real Estates Soaring

The prices for luxury real estates in Austria continue to increase.

March 10, 2014

Austria: Mitterlehner Still Optimistic For Automotive Industry

The massive decline of 23 % in the motor vehicle trade in the first ten days of March 2013 does apparently not concern Austria’s economy minister Reinhold Mitterlehner.

March 15, 2013

Austrian Automotive Industry in NAFTA Markets

Austrian companies from the automotive sector present themsevels in Detroit on October 25th.

July 2, 2012

Magna to Develop Luxury Cars in Styria

The Japanese Infiniti lets Magna develop and construct its smallest model in Austria.

December 10, 2011

Rising Number of One-Day Registrations of Cars

One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours

April 22, 2011

Registration of new passenger cars increased by 7.8%

New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.

April 11, 2011

6.1 Million Cars in Austria

Stock 2010: over 6 million motor vehicles for the first time; Austrians own 4.4 million passenger cars.

March 29, 2011