Vienna International Rail Industry News

Are "Green Bonds" also Coming to Austria?

At the European Forum Alpbach, Austrian Finance Minister Gernot Blümel announced that Austria wants to issue a so-called "green bond" in the first half of 2022. The Ministry of Finance and Federal Financing Agency (OeBFA) have already completed the necessary technical work to issue the bonds. Read more about "green bonds" and Austria's plans to begin issuing them.

September 1, 2021

Economic Opportunity: Malaysian-Austrian Joint Statement on Cooperation

Malaysian Minister of International Trade and Industry Mohamed Azmin Ali met with the Austrian Minister of the Economy Margarete Schramböck. The pair discussed cooperation in the high-tech industry, education and more. The two ministers also signed a joint statement, affirming Malaysia and Austria's intention of further economic cooperation.

August 3, 2021

The Future of Tourism in Vienna Lies in Overseas Guests

Vienna International Airport and Vienna Tourist Board have extended their cooperation with the aim of acquiring international long-haul connections. They believe the future of the tourism industry in Vienna, especially coming out of the COVID-19 pandemic, depends on attracting more overseas guests. Find out why.

July 21, 2021

Public Transport in Austria: When and How Will the Low-Cost Flat-Rate "1-2-3-Ticket" Be Introduced?

Before the end of 2021, it is to become possible to use all means of public transport throughout Austria for three Euros a day, as part of an annual ticket for 1,095 Euros. While six federal states have signed an "implementation agreement," the states of Vienna, Lower Austria and Burgenland are still missing. What is the next step and when can the ticket be expected?

July 14, 2021

Austria's Latest COVID-19 Entry Requirements

Entry into Austria is becoming possible for more people, but there are still requirements that must be met first. Learn more about them.

July 7, 2021

International Nightjet Connections to Vienna Back in Service: Now Also Amsterdam

Effective immediately, the Nightjets of Austrian Railways (ÖBB - Österreichische Bundesbahnen) are once again in operation. In addition to the 18 known night train connections, for the first time there is also a daily night train from Amsterdam via Linz to Vienna or via Munich to Innsbruck. Paris and Strasbourg are being planned.

May 31, 2021

2025: Rail Connection Vienna - Bratislava in 45 Minutes

Cutting the travel time between Vienna and Bratislava short by 15 minutes is the goal of the planned double-track expansion between the EU capitals. Read more about the implementation and the benefits of the construction works.

May 28, 2021

Berlin - Prague - Vienna: Plan of 4 Hour Rail Connection

Berlin to Prague to Vienna in four hours? A travel time that is now only possible via plane will become reality via a rail connection. A memorandum to this effect was signed by Germany, the Czech Republic and Austria.

May 19, 2021

Austrian Railways Relaunch International Connections

It is now once again possible to travel to European metropolises with the Austrian Railways (ÖBB). With the opening steps in the various areas of public life in Austria on May 19, the ÖBB has also revealed some changes to its schedules.

May 17, 2021

Vienna's Subway U2 Will Stop Operation in City Center

As part of the construction works for the new subway line U5, the U2 will stop its operation between the stations Rathaus and Karlsplatz until fall 2023. Read below to find out about the details of the construction work and the alternative routes available.

May 17, 2021

Rail Connection Vienna - Salzburg Maintains Regular Intervals

The Austrian Climate Protection Ministry has once again ensured regular intervals for the rail connection between Vienna and Salzburg. The important connection, which is offered by the Austrian Railways (ÖBB) and Westbahn, is one of the most important rail connection in Austria and will thus be offered in regular intervals until July 4 due to an emergency award.

April 9, 2021

New Train Connection Between Prague and Vienna

The former, so-called "Vindobona" train connection between Vienna and Prague could be soon reinstated again. Talks between Austrian and Czech politicians have been positive for a connection between the two countries' capital cities, which would especially benefit Austrians from the Waldviertel, a region in the northwest of Lower Austria.

April 7, 2021

European Year of Rail: Austria's Gewessler Attends Kick-Off Event

The Portuguese Council of the EU Presidency has a strong focus on railroads with the European Year of Rail. At the kick-off event, which was attended by the EU Transport Ministers, Austria's Leonore Gewessler looked forward to the investments into the railway system and hoped for promotion of the mobility revolution.

March 30, 2021

ÖBB Is Internationally Recognized for Sustainability

The international rating agency ISS has awarded ÖBB-Infrastruktur AG the first place out of 55 international transport companies for its commitment to sustainability, climate protection and eco-efficiency. Austria's Climate Protection Minister Gewessler is delighted about the international recognition for ÖBB and emphasizes that climate protection is the right path for the future.

February 19, 2021

Vienna - Salzburg: Frequent Intervals Will Be Maintained

The important rail connection between Vienna and Salzburg will keep having regular intervals due to an emergency award by the Austrian Ministry of Climate Protection. The ministry will continue to order trains from the Austrian Railways (ÖBB) and Westbahn in order to assure a frequent rail connection until April 7.

February 15, 2021

European Year of Rail: Inauguration of EU Locomotive in Vienna

The European Year of Rail wants to highlight the advantages of rail as as safe and sustainable means of transportation. For this occasion, a specially branded EU locomotive was inaugurated at the Vienna Central Station by Austria's Climate Protection Minister Gewessler, representative of the European Commission in Austria Selmayr, and Austrian Railways CEO Matthä.

February 11, 2021

Construction Works for Vienna's New Metro Line Have Begun

The construction works for Vienna's public transport extension has begun. The U2xU5 project, which will result in a whole new metro, the U5, and an extension of the current U2 line is set to be completed by 2026 and 2028, respectively. Austria's Federal Ministers for Finance and Climate Protection as well as Vienna's City Councillor for Public Transport took part in the groundbreaking ceremony.

January 28, 2021

European Commission Approves Austrian Aid for Railroad Companies

The European Commission has granted Austria its planned subsidies for railroad companies to promote the shift from road transportation to rail road usage. Austria will increase its public aid to, on the one hand, relieve railroad companies of some financial burdens of the last months and to, on the other hand, continue the promotion of railroad rather than road transportation.

November 26, 2020

Rail Traffic Between Vienna and Salzburg Can Be Maintained

Similar to measures taken in the spring of this year, the Ministry for Climate Protection has set up an emergency contract with the ÖBB and WESTbahn to safeguard rail transport between Vienna and Salzburg. The mutual acceptance of tickets from WESTbahn and ÖBB will also be established again.

November 13, 2020

Austrian Railways To Suspend Night Trains Between Germany and Austria

After a rise in Covid-19 cases in Germany, the Austrian Railways (ÖBB) have announced the suspension of nightly train traffic between Germany and Austria for one month starting November 8, 2020. As of today, other daytime services will not be affected and will operate as usual.

October 28, 2020

Austrian Railways: EUR 17.5 Billion of Investment Until 2026

The railway system in Austria will see impactful investments in the near future. Due to a package of around EUR 17.5 billion until 2026, the Federal Government together with Austrian Railways (ÖBB) will try to make travelling and transporting by rail even more attractive to customers.

October 20, 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

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

Climate and Energy Goals: Additional Measures Will Be Needed for Austria

Austria's Ministry for Climate Protection recognizes the need for additional protective measures in order to meet the climate targets established by the European Union. An increases of investments in sustainable ideas is demanded.

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

Austrian Strabag Expands Rail Network in Eastern Germany

Austrian technology company Strabag will be significantly influencing the rail road system in eastern Germany because of a deal that has them extending rail lines in Berlin and between Leipzig and Dresden.

August 25, 2020

Vienna: 44 Hectares of Train Station Will Turn Into Housing for 16,000 People

By 2033, the City of Vienna together with Austrian Railways (ÖBB) will turn the train station at Nordwestbahnhof (20th district, Brigittenau) into living spaces that will comfort 16,000 people.

August 21, 2020

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

Viennese Public Transit Network: Normal Service Again from 18 May

The Viennese Lines (Wiener Linien) increased their operations further on 11 May. Normal service with peaks of up to two minutes is planned again from 18 May.

May 11, 2020

What Does Vienna Have in Common with the New Silk Road?

In order to ensure sustainable development, the cities along the New Silk Road also have to face major infrastructural and social challenges, as well as climate-ecological challenges. More than 1000 participants from more than 178 cities are expected in September in the Vienna International Center for UNIDO's Bridge for Cities Conference as part of the Belt & Road Initiative.

August 12, 2019

Hub to the Far East - ÖBB Rail Cargo and Port of Trieste Strengthen Cooperation

At a critical time when the question of Italian economic independence from China is being discussed throughout Europe, ÖBB's Rail Cargo Group is intensifying its cooperation with the port of Trieste in order, among other things, to be able to use the transport connection of the Adriatic port to the Far East.

March 22, 2019

Bolivia - Doppelmayr Completes the World's Largest Urban Cable Car Network

The world's largest ropeway network with a length of 33 kilometers in the Bolivian capital La Paz has recently been completed by a tenth and final line from Doppelmayr/Garavanta.

March 13, 2019

Business Mission and "Future Trip" to Tel Aviv as Part of the State Visit of Van der Bellen

On the occasion of the official state visit of Federal President Alexander Van der Bellen, the Austrian Chamber of Commerce and Industry (WKO) is organising an economic mission entitled "Infrastructure" as well as the "Open Innovation for Corporates" future trip to Tel Aviv.

February 4, 2019

Austrian-Israeli Economic Relations - 20% Increase in Exports

On the occasion of the official state visit of Federal President Alexander Van der Bellen and the accompanying business delegation of the Austrian Chamber of Commerce, the issue of the actual state of economic relations has arisen. The Austrian-Israeli foreign trade volume amounted to 568 million euros in 2017, with a trade balance surplus for Austria of 229 million euros. The Chamber of Commerce reports that Austrian exports to Israel increased by 20.3% in 2017. The trend seems to have continued in 2018. More than 600,000 overnight stays by Israeli tourists make Israel one of the top nations in Austrian tourism statistics.

February 4, 2019

High-Level Forum Africa-Europe - EIB Signs 3 Africa Projects Totalling Half a Billion Euros

At the Africa‑Europe High‑Level Forum in Vienna the European Investment Bank formally agreed a total of EUR 495 million of new financing for three projects in ten countries to support sustainable transport, clean energy and internet access projects in North, West and East Africa.

December 19, 2018

Bratislava - Vienna Railway Line Extended

The two EU capitals Vienna and Bratislava are approaching each other. After a construction period of about two years, representatives of Austrian Federal Railways (ÖBB), the EU, the City of Vienna and the Province of Lower Austria opened the first part, the so-called "Vienna section" of the Vienna - Bratislava line extension. The completion of the second part, the so-called "Lower Austrian Section", will last until 2023. The journey time from the main railway station in Vienna (Hauptbahnhof-Wien) to the main railway station in Bratislava (Bratislava hlavná stanica) will be reduced from 66 minutes to 40 minutes.

December 5, 2018

What Does Austria Have to Do with the Silk Road Project?

The Chinese "One Belt One Road Initiative", also known as the New Silk Road, is China's strategic measure of the century to make the entire Euro-Asian region including Africa even more dependent on its products and investments. Now the Austrian Federal Railways (ÖBB), the Vienna Chamber of Commerce and the ambassadors from China and Kazakhstan have joined forces to convince the Austrian population and politicians that the connection of Austria via broad-gauge railway to the Silk Road is an opportunity of the century.

November 30, 2018

Danube Region Business Forum - Infrastructure and Its Implications on Business in CEE and SEE

The Danube Region is one of the traditionally important markets for Central European regions and companies. However, the infrastructure of this region does not yet meet the requirements of the economy. The 8th Danube Region Business Forum will take place on 9 October 2018 at the Austrian Federal Economic Chamber in Vienna. The aim of the forum is to ensure that the infrastructural quality and cooperations in the region meet the requirements of the economy.

October 3, 2018

Port of Vienna as International Trimodal Logistics Hub for Water, Rail and Road

Peter Hanke, City Councillor for Economic Affairs, together with Doris Rechberg-Missbichler, Managing Director of Wien Holding, and Fritz Lehr and Doris Pulker-Rohrhofer, Managing Directors of the Port of Vienna, presented the balance sheet of the Port of Vienna for the year 2017. Turnover amounts to 58.1 million euros (+2.3%), earnings before taxes 14.8 million euros (+16.5%).

September 14, 2018

Vladimir Putin on PR Campaign in Austria

Vladimir Putin is on his sixth official state visit to Austria. Officially, on the occasion of the 50th anniversary of the gas supply contract between Austria and Russia, this is a working visit to President Van der Bellen and Chancellor Kurz. In fact, a new gas supply contract between Gazprom and OMV is the main reason for the visit. Other gas deals are still in the negotiation phase, namely the Gazprom Urengoy gas field asset swap and the Nordstream 2 pipeline project. The Central European Gas Hub in Baumgarten/Lower Austria, an important gas distribution hub from the Russian perspective, could also be on the agenda.

June 5, 2018

Doppelmayr to Build Cable Liner at London Airport

At London Luton Airport, Doppelmayr is building a cable car almost two kilometers long with a capacity of 2,720 passengers per hour and per route. This makes Luton Airport the second airport project in the UK after Birmingham for Doppelmayr. The Cable Liner is scheduled to go into operation in April 2021. Doppelmayr does not give details of the project turnover.

April 23, 2018

Strabag to Build Rail Tunnel in Toronto

Strabag has had an infrastructure contract in Toronto awarded to its Canadian subsidiary. The scope of the work includes the construction of a 180 m long tunnel under Highway 401 to accommodate two tracks operated by Ontario's public transport agency Metrolinx. The full investment volume amounts to about EUR 77 million.

January 17, 2018

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016

Siemens Austria Builds World's Largest Metro Project in Saudi Arabia

The Austrian unit of Siemens announced in Vienna Simmering at the rollout of the first vehicle that a "a very, very big order” has been secured. With six lines and a total route length of 175 kilometers, the capital of Saudi Arabia Riyadh is planning the world's largest subway project. Siemens is to supply the entire turnkey system for two driverless metro lines.

February 24, 2016

EU to Crack Down on Postal Rip-Offs including Austrian Post

The FT reports that Brussels is preparing a regulatory crackdown against rip-off pricing by national postal operators on cross-border parcel deliveries. According to a study, cross-border parcel deliveries are often five times more expensive than identical trips on the domestic market. While the price of a standard 2 kg parcel delivery in Austria with the national postal operator is €4.44, to have that same parcel send to neighbouring Italy would cost €14. Sending the same parcel back from Italy to Austria will rise to €25. In order to connect the common market, the EU wants to develop the potential of e-commerce and to boost cross-border trade. According to the FT, a spokeswoman of the European Commission said that early next year the Commission will “launch measures to enhance price transparency and regulatory oversight” of the European parcel delivery market.

December 22, 2015

New Vienna Central Station Offers New Connections and Shorter Travel Times

With the timetable change on 13 December 2015, Vienna Central Station and Vienna Meidling train station will be assuming their full role as a regional transportation hub. Bringing together the Western, Southern, Eastern and Northern Routes at Vienna Central Station and Vienna Meidling, creates a transportation hub with direct connection to all Austrian state capitals as well as Vienna Airport. For travelers this means better connections, shorter travel times and more comfortable traveling.

December 7, 2015 · Updated: December 7, 2015; 18:15

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

Austrian Railways Eyes Acquisitions Across Central and Eastern Europe

Oesterreichische Bundesbahnen (OeBB), the Austrian state railway operator, is eyeing rail cargo operator buys across Central and Eastern Europe, a source close to the company and a person claiming knowledge of the situation said. OeBB, with EUR 3bn in revenue, believes a number of opportunities will soon come up in countries “east of Austria”, including countries of the former Yugoslavia, the source said.

July 6, 2015