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Vienna International Retail and Consumer Industry News
Read the latest headlines about developments in the international retail and consumer industry in Vienna and Austria
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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
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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
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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
Austria Becomes Self-sufficient in the Supply of Mouth and Nose Masks
Hygiene Austria LP GmbH, founded only 4 weeks ago by a cooperation of Lenzing AG and Palmers Textil AG with the aim of producing and selling protective masks for the domestic and European market, was made known to a wider public today by the visit of Federal Chancellor Kurz and Minister of Labour Christine Aschbacher, and two weeks ago by the visit of Federal Minister Margarete Schramböck.
May 19, 2020
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Gambling: CEO Neumann Abruptly Left Novomatic
The Group has been in the limelight for a year because of a corruption scandal. Official reasons for the departure are "family reasons", but various media are reporting disagreements with Johann Graf, sole shareholder of the two parent companies Novo Invest GmbH (Austria) and NOVO Swiss AG (Switzerland). Ryszard Presch and Johannes Gratzl are jointly taking over his task.
March 2, 2020
Ikea Logistics Centre Vienna Completed: €70 Million Investment Volume
One year after the start of construction work, the Ikea logistics centre with 43 loading gates has been completed. To date, Ikea has invested more than 70 million euros in the site. The site will have a total of 150 employees.
August 25, 2019
Apartment Prices: Austria in Top Third of Europe
A recent study by the consulting firm Deloitte shows that Austrian apartments are still relatively affordable in comparison to other European countries, both in terms of purchase and rent.
August 9, 2019
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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
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Uber Austria: Suspension in Vienna Over
The ride-sharing service Uber has terminated its suspension in Vienna imposed by the Commercial Court of Vienna and is continuing to operate. As requested, Uber now has a local subsidiary in Austria. With the forthcoming change to uniform rates for taxis and rental cars, the next challenge is already ahead.
July 31, 2019
Don't Smoke - Austria to Finally Ban Smoking in Bars and Restaurants
Over 1 year after the smoking ban in gastronomy should have come into force, the parliament has once again voted in favour and is to come into force on 1 November 2019. The ban will also apply to shishas and e-cigarettes, with the exception of guest gardens. Through the smoking ban alone, there should be 1,000 fewer deaths per year from passive smoking.
July 4, 2019 · Updated: July 4, 2019; 20:44
Uber Ridesharing Threatens to Retreat from Austria
The US transportation network company Uber wants to mobilise against the taxi and rental car reform in Austria with a petition. The new law would be a setback for Austria in several respects. If the new law is passed on 3 July, we will no longer be able to offer services such as UberX, according to a statement by Uber.
June 27, 2019
Russia Expands Network in Upper Austria
Wolfgang Mayer of the company Backaldrin was elected Honorary Consul of the Russian Federation for Upper Austria in Asten/Upper Austria by the Russian Ambassador in Austria, H.E. Dmitrij Ljubinskij. After the already established Honorary Consulates in Innsbruck and Bludenz, he thus takes over the third Russian Honorary Consulate in Austria. His task is to look after the 3000 Russians in Upper Austria and to promote culture and education.
May 16, 2019
McDonald's Austria: Record Year for System Catering Market Leader
With an increase of 52 million euros (+ 8%), the Austrian subsidiary of the US system gastronomy market leader McDonald's achieved sales of 674 million euros in 2018.
April 9, 2019
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Casinos Austria Appoints Bettina Glatz-Kremsner as New CEO
Ms Bettina Glatz-Kremsner succeeds Mr Alexander Labak as Director of the Management Board of Casinos Austria AG.
April 6, 2019
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
Burger King Austria Acquires Rosenberger Motorway Restaurants
The Austrian franchisee TQSR of the US fast food chain Burger King has purchased 100% of the shares in Rosenberger Restaurant GmbH, which is currently undergoing restructuring, and is financing the 20% quota offered to creditors in the restructuring plan. The transaction value for the 14 Rosenberger Restaurant locations, including the net financial liabilities assumed, amounts to approximately EUR 9 million.
February 27, 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
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