Vienna International Retail and Consumer Industry News

Women on the Boards of Austrian Listed Companies: Only 14 out of 192

A study shows that women are still significantly underrepresented on the boards of Austrian companies on the Vienna Stock Exchange. The number of female board members in Austria's listed companies has decreased by one woman compared to the beginning of 2021, leaving the total at 14 out of 192. Read more about the details of the study.

September 6, 2021

Inflation in Austria: Highest Rate in 10 Years

In August 2021, the inflation rate reached 3.1%, the highest value since December 2011.

August 31, 2021

50th Anniversary: Diplomatic Relations between China and Austria

To commemorate the anniversary of diplomatic relations between the People's Republic of China and Austria, the Austrian Post (Österreichische Post) has now also issued a special postage stamp.

August 30, 2021

Casinos Austria International in Japan: Casino Resort Milestone Completed

CAI, a wholly owned subsidiary of Casinos Austria AG, has cleared an important hurdle in an elaborate selection process in Japan (Nagasaki Prefecture) for one of the three casino licenses to be awarded.

August 20, 2021

Woom to Double Workforce by 2022: Merging European and US Operations

The Austrian children's bicycle manufacturer woom has merged its operations in Europe and the USA. The company is also expected to double its workforce by 2022, creating more jobs in the manufacturing industry. Read more about woom and its recent merger.

August 20, 2021

Latest Corona Update: The Austrian Green Passport - What Is It For?

The Green Passport is now being used by many people to provide proof of vaccination, recovery, or a negative test for COVID-19 in Austria and throughout the EU. Learn more about what the "Green Passport" is and what it is used for.

August 17, 2021

Austrian Wholesale Prices: Largest Increase Since March 2011

In July 2021, wholesale prices saw their largest year-over-year increase since March 2011. The increases can be seen in the steel industry, gas industry, agricultural industry, and more. Read about which other industries the increases are affecting and just how significant the increases are.

August 6, 2021

Arab-Israeli Rapprochement in Vienna: Israel and Morocco Plant Friendship Tree

Ambassador of Israel to Austria, Mr. Mordechai Rodgold, hosted the Ambassador of Morocco to Austria, Mr. Azzeddine Farhane, for the planting of a friendship cedar tree at the Embassy of Israel in Austria.

July 23, 2021

Mayor Ludwig Announces Mask Requirement Remains in Vienna

Mayor of Vienna Michael Ludwig announced that, due to an increase in COVID-19 cases, masks would still be required in shopping and retail stores in Vienna. This decision comes despite an easing of COVID restrictions by the federal government.

July 22, 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

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

Arab Ambassadors in Vienna and Economic Relations between their Countries and Austria

The Ambassadors from Egypt, Iraq, Jordan, Morocco, Oman, Palestine, Qatar, Tunisia, and the UAE to Austria provided an economic overview of their countries and their relationship with Austria in an online forum with the Austro-Arab Chamber of Commerce (AACC).

July 11, 2021

Latest Travel Restrictions From Austria to the USA

Travel to the USA from Austria is still restricted due to COVID-19, but the US Embassy Vienna has provided rules for National Interest Exceptions (NIE). Learn more about them before traveling.

July 8, 2021

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

Covid-19 in Austria: What Applies Now?

As of today, June 10, Austria faces fewer restrictions. While the curfew for restaurants is being extended to 12 a.m. now, even fewer restrictions will be in place in July. Read more about what applies now below.

June 10, 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

Austrian Residential Property Market: Prices Continue to Rise

The real estate market in Austria continues to boom. Last year again surpassed the record set the year before, with both sales and the value of properties sold continuing to rise in 2020 compared with 2019. The most expensive district outside Vienna remains Kitzbühel in Tyrol. Housing prices in a five-year comparison: Austria: +26%, Vienna: +21%, Burgenland: +47%, Vorarlberg: +45%, Carinthia: +18%. Find out how the Austrian real estate market works.

April 28, 2021

Vorarlberg Eases Lockdown on March 15

The model region Vorarlberg will start the easing of its lockdown on March 15. Opening steps as announced by the Austrian Health Minister and Vorarlberg's Governor include the sectors of restaurants, youth sports, events and self-help groups. The whole project will be accompanied scientifically.

March 10, 2021

Vienna Ice Dream Concludes Extraordinary Season

The 26th Vienna Ice Dream has closed its doors for this season. After 66 days of ice skating under special circumstances, the organizers are pleased about the results and are particularly delighted about the fact that there was not a single reported case of infection which happened on the venue.

March 1, 2021

WKO President Mahrer Demands Tourism Opening in March

At the so-called "opening summit" initiated by Austria's Federal Chamber of Commerce (WKO), the president of the WKO Harald Mahrer and other representatives of the affected businesses demand to open up the tourism and leisure industry. The currently successful model of entry tests for body-related services could be expanded to these industries as well, Mahrer emphasized.

February 26, 2021

Down Under Hotel Flair for Vienna

Adina Apartment Hotels, a hospitality brand and a market leader in high-quality apartment-style hotels originating from Australia, has announced its flagship Adina brand will debut in Vienna. One of only seven hotels to offer a swimming pool in Vienna, the "Adina Apartment Hotel Vienna Belvedere", developed by Signa Real Estate Management GmbH, will literally make a splash in Vienna’s ultra-modern Quartier Belvedere when it opens in April of 2021, completed with a heated indoor pool and sauna.

February 15, 2021 · Sponsored Content

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

Swedish Digital Platform Sellpy Launches in Austria

The e-commerce platform for selling second-hand fashion has now also been launched in Austria, following Sweden, the Netherlands and Germany. As a result, Sellpy, which is part of the H&M Group, is now active in four countries.

February 3, 2021

ECJ Bans Exhaust Software: Anschober and Gewessler Demand Changes

The European Court of Justice has decided to ban software used to embellish exhaust emission values in diesel cars. Austria's Climate Protection Minister Gewessler and Consumer Protection Minister Anschober hope for a move by the car manufacturers in order to provide retrofits and compensate injured consumers.

December 17, 2020

Von der Leyen Hopes for Joint Start of Covid-19 Vaccinations

EU Commission President Von der Leyen wants a joint and rapid start of Covid-19 vaccinations for all EU member countries. After the likely approval of the European Medicines Agency (EMA), vaccines will be distributed among the member states and vaccination will start immediately.

December 16, 2020

Share of E-Cars in New Registrations Exceeds 10 Percent

For the first time ever, electronic cars made up more than 10 percent of the new registrations of motor vehicles. Although the numbers of new registered vehicles is far lower compared to last year, the e-mobility sector has seen an obvious increase in numbers over the recent months.

December 11, 2020

Further Increase of Investment Subsidy

The Austrian government has decided to increase its budget for investment subsidies. The high demand for this subsidy by companies located in Austria has exceeded the expectations of the government and is therefore adjusted upwards by another EUR 1 billion in order to further promote investments into digitalization, sustainability and other sectors.

November 30, 2020

WKO: Thoughts About Opening Stores on Sundays

The President of the Austrian Federal Chamber of Commerce (WKO) has expressed his thoughts about a possible opening of stores on Sundays before Christmas. This would create the opportunity for companies to equalize customer flows which they have missed out on during the ongoing lockdown.

November 24, 2020

Winter in Vienna: New Year's Eve Trail Cancelled, Vienna Ice Dream Still On Track

The Covid-19 related cancellations of events were a common theme in the recent months. Now, Vienna's New Year's Eve Trail is the next victim of the pandemic. The popular event will not be held in 2020, while the organizers of the Vienna Ice Dream are still confident to see visitors gliding along the ice tracks.

October 14, 2020

Vienna-based OPEC Launches Newest Edition of World Oil Outlook

The 2020 OPEC World Oil Outlook (WOO) has been launched in Vienna providing, among other topics, the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the Covid-19 pandemic on the global energy and oil markets.

October 8, 2020

Swiss Twannberg Meteorite at Natural History Museum Vienna

On the occasion of the official visit of the Swiss President of the Council of States Hans Stöckli to Austria, a piece of the Twannberg meteorite was handed over to the Natural History Museum Vienna. The piece that is estimated to be more than 150,000 years old can now be viewed in the Meteorite Hall of the museum.

October 7, 2020

Austrian Airlines to Reduce Flights and to Increase Short-Time Work

Due to new travel restrictions from Germany, Switzerland and other countries with regard to the increasing number of Covid-19 cases in Austria, Austrian Airlines will reduce the number of flights which were originally planned for the upcoming season to only 30% compared to last winter.

October 6, 2020

Digital Days 2020 Reached Over 1,100 Registered Users

The Digital Days 2020 hosted by the City of Vienna as a hybrid event have welcomed over 1,100 users with more than 4,000 views in total. Digitalization in every business sector was discussed among politicians and experts from the business world.

October 5, 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

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

Austrian World Summit 2020 Was a Success

The Austrian World Summit 2020 was held in a mixture of analog and digital setting due to Covid-19, yet starred international personalities that all highlighted the importance of sustainability and the fight against climate change.

September 17, 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

Climate Protection Minister Presents Measures Against Plastic Flood

Climate Protection Minister Gewessler announces a three-point plan to tackle Austria's plastic waste. These measures include a deposit system, a producer's levy and a reusable quota.

September 7, 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

Massive Drop in the Austrian Service Sector Turnover in 2nd Quarter of 2020

The service sector experienced a major decrease in turnover by 27.9% less than in the same timeframe of the previous year. The sectors "accommodation and gastronomy" and "other economic services" like travel agencies declined at the most.

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

Financial Assets of Austrians Back at Record Level After Slump

Austrians have never been richer than today. Private financial assets have recovered and improved after a significant decline in the first quarter of 2020 due to Covid-19.

August 25, 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

Austria's Second Amazon Distribution Center Opens in Vienna

Amazon opens its second parcel distribution center in Austria. 120 employees will work in the 7,900 square meter building.

August 20, 2020

Newest Report from Austrian Retail Association - Handelsverband: Top 100 Retailers Account for 55% of Austrian Consumer Spending

In the newly published report from the Austrian Retail Association - Handelsverband Rewe the top 100 retailers are responsible for more than half of Austrian consumer spending. Rewe sits on top of the list with a turnover of EUR 6.69 billion.

August 20, 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

Austrian Chamber of Labour: EUR 315 Million Could Create 75,000 Jobs

According to an expert of the AK Austrian Chamber of Labour, 75,000 jobs can be created with the spending of EUR 315 million. This might be worth a thought in an economic challenging situation due to Covid-19.

August 18, 2020

Austria's Federal Minister for Economic Affairs: New EU Trade Agreement with Vietnam Opens Doors

New EU trade agreement with Vietnam is likely to open doors to a very profitable market for Austrian businesses. Federal Minister for Economic Affairs Schramböck hopes that domestic companies can capitalize on the favorable conditions in the future.

August 1, 2020