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Ibiza-Video - New Elections in Austria after Vice Chancellor Resignation
After the release of the incriminating video of "foreign secret services" and the resulting resignation of Vice-Chancellor Heinz Christian Strache, the Austrian People's Party (ÖVP) headed by Federal Chancellor Sebastian Kurz calls for early elections as soon as possible. He had also informed the Federal President Alexander Van der Bellen. "Enough is enough", Kurz said in a press statement on Saturday evening.
May 18, 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
Putin and Van der Bellen Open Sochi Dialogue Forum
The Sochi Dialogue Russian Austrian Forum was opened in the Black Sea port city as part of a working discussion between Russian and Austrian representatives from politics, business, science, education, art and culture.
May 15, 2019
The Ambassadors of the Four Allied Powers in the Austrian Federal Chancellery
On the occasion of the "Liberation" Day of Austria from National Socialism by the Allies in 1945 and the end of the Second World War (Victory in Europe Day), Federal Chancellor Sebastian Kurz received the four ambassadors of the USA (Trevor Traina), Great Britain (Leigh Turner), France (representative of Francois Marcel Michel Saint-Paul) and Russia (Dmitrij Ljubinskij) at the Federal Chancellery.
May 13, 2019
Vienna Based OSCE Concerned about Freedom of the Media in Crimea and Uzbekistan
Following reports about the recent arrest of several citizen journalists in Crimea, the continued deterioration of freedom of expression and the safety of journalists on the peninsula, and about blocking of media outlets in Uzbekistan, the OSCE condems the arrest of citizen journalists in Crimea and calls for their immediate release, and also urges reform to media laws and regulations in Uzbekistan. Similarities to the case of the Austrian journalist Wehrschütz become apparent.
April 18, 2019
Sberbank Europe Generates Net Profit of EUR 34 Million
Vienna based Sberbank Europe looks back at its best annual result since the acquisition of Austrian Volksbank International in 2012.
April 11, 2019
Leaders Discuss Azerbaijani-Armenian Nagorno-Karabakh Conflict in Vienna
The President of the Republic of Azerbaijan Ilham Aliyev and the Prime Minister of the Republic of Armenia Nikol Pashinyan met in Vienna for the first time under the auspices of the Co-Chairs of the OSCE Minsk Group to discuss the settlement of the Nagorno-Karabakh conflict. The two heads of state also met with Austrian President Van der Bellen and Austrian Federal Chancellor Sebastian Kurz.
April 5, 2019
Austria's Most Important Trading Partners - Ranking of the Top-20
Although the United States is only the second largest Austrian export partner after Germany, in 2018 exports exceeded the ten billion euro mark for the first time, growing by +9.7%. Imports, on the other hand, were only about half as high. Of the top 20 import partners, all, with the exception of Switzerland, showed a positive development. Imports from Russia, the UK, Slovakia, Poland and Slovenia recorded double-digit growth.
March 29, 2019
Sergey Lavrov to Participate in Session of UN Commission on Narcotic Drugs in Vienna
Russian Foreign Minister Sergey Lavrov took part in the annual meeting of the UN Commission on Narcotic Drugs at the Vienna International Center and also met Federal President van der Bellen during his visit to exchange ideas.
March 14, 2019
Wolfgang Schüssel Joins the Lukoil Supervisory Board - Who are His Colleagues?
As a press release of Lukoil revealed, the former Austrian Chancellor Dr. Wolfgang Schüssel takes over one of 12 supervisory board positions in the second largest Russian company PJSC Lukoil Oil Company as Independent Director. Who are his 11 supervisory board colleagues?
March 13, 2019
What is Lukoil and What Does It Do in Austria?
Lukoil Oil Company is the second largest Russian oil multinational with a turnover of USD 102 billion, of which approximately USD 250 million comes from Austria. Lukoil has been represented in Austria since 1995 and currently operates from Vienna four subsidiaries with activities in 40 countries.
March 13, 2019
Austrian Foreign Ministry Summoned Ukrainian Ambassador Scherba for Talks
Journalist Christian Wehrschütz has been barred from entering Ukraine for one year. The Austrian Secretary General of the Foreign Ministry Johannes Peterlik and Harlem Désir, OSCE Representative on Freedom of the Media, demand the lifting of the entry ban for ORF correspondent Christian Wehrschütz.
March 11, 2019
Austria's Dependence on Russian Gas Increased by 33 Percent
The effects of the amendment to the contract on gas supplies from Russia to Austria signed last year become visible. A meeting in Moscow between Rainer Seele, Chairman of the Executive Board of OMV, and Alexey Miller, Chairman of the Gazprom Management Committee, revealed that gas deliveries between January 1 and March 5, 2019 increased by 32.9 per cent compared to the same period last year.
March 6, 2019
Chancellor Kurz in Washington, D.C. - Trump Demands Higher Military Expenditures
US President Donald Trump and Chancellor Sebastian Kurz met in the White House for a working meeting. The trade relations, the demand for higher military expenditures for Austria, the Nord Stream 2 pipeline project and the Serbia-Kosovo conflict were addressed.
February 21, 2019
Olexander Scherba - ORF Foreign Correspondent Wehrschütz has Violated Sovereignty of Ukraine
In the case of the controversial Ukraine correspondent of the ORF, Christian Wehrschütz, the Ukrainian ambassador in Vienna, H.E. Dr. Olexander Scherba, on behalf of the Ministry of Foreign Affairs of Ukraine, announced in a written statement that the accreditation in the war zone of Ukraine was "unlikely". The reason is still the "illegal" crossing (documentary filming) of the Crimean bridge which was illegally built by the Russian side.
February 12, 2019
The End of the INF Treaty - Europe Could Become a Nuclear War Zone
In an interview with the APA - Austria Press Agency the political scientist and disarmament expert Heinz Gärtner recently stated that the background of the US termination of the INF Treaty on the Prohibition of Medium-Range Nuclear Weapons might be the expansion of the deterrence potential and that Europe could thus become the target area of a nuclear conflict. At a panel discussion organized by the International Institute for Peace (IIP) on 11 February 2019, Heinz Gärtner, together with representatives of the United States and the Russian Federation, will examine the background of this issue.
February 5, 2019
Austria's Contribution to the OSCE in 2019
The Main Committee of the Austrian National Council recently approved the continuation of numerous deployments to international missions, including tasks in the framework of the OSCE Special Observation Mission to Ukraine, the OSCE Mission to Moldova and the EU Mission to Georgia, where, inter alia, cooperation with the OSCE is taking place.
January 10, 2019
New Austrian Foreign Trade Strategy: Growth, Jobs, Prosperity
In a joint event in the Aula of Sciences, the Federal Government's new foreign trade strategy was presented by Economics Minister Margarete Schramböck, Foreign Minister Karin Kneissl and President of the Chamber of Commerce Harald Mahrer. The key points of the strategy are the following: Perspective, value orientation, location effect, focal points, future orientation, communication, efficient coordination.
December 20, 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
Sebastian Kurz: EU and Switzerland to Intensify Relations Further
Federal Chancellor Kurz held a working meeting with Swiss President Alain Berset in Bern. The meeting focused on, among other topics, an assessment of Brexit, the Western Balkans, the nuclear agreement with Iran, relations with Russia and the priorities of the Austrian EU Presidency.
November 22, 2018
Russia on the World Stage - Andrej Kolesnikov and Nina Khrushcheva at the Kreisky Forum
Professor Nina Khrushcheva interviewed Russian journalist Andrej Kolesnikov about the current situation and prospects in Russia.
November 22, 2018
Updated Directory of Foreign Ambassadors in Austria 2019
Below you will find the updated Vindobona list of foreign ambassadors and representatives of the bilateral and multilateral missions and representations in Vienna, Austria (including description of persons, pictures, CVs, etc.).
November 19, 2018 · Updated: March 20, 2019; 08:32
Russian Espionage Incident in the Austrian Armed Forces
A colonel of the Austrian Armed Forces is suspected of having worked for decades with a Russian intelligence service. Foreign Minister Kneissl quoted the Russian chargé d'affaires to the Foreign Ministry and cancelled her planned trip to Russia.
November 9, 2018
Eastern Partnership Youth Conference "Youth for Entrepreneurship" Opened in Vienna
Young people (between 18-30 years) from the EU’s Eastern Partnership countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine), interested in developing an entrepreneurial idea or social enterprise, are discussing in Vienna the state of youth entrepreneurship in the partner countries and learn about EU and national programmes for youth entrepreneurship as well as what steps to take to become a young entrepreneur.
November 9, 2018
Ukrainian Week - Connecting Ukrainians and the United Nations
The Ukrainian Week at the United Nations will be organized from 12 to 16 November 2018 at the Vienna International Centre (VIC) with an overall purpose of promoting women´s empowerment and leadership, while introducing and widely popularizing Ukrainian culture and artists at the UN community. Do not miss a fantastic opportunity to taste the colors of Ukraine.
November 1, 2018
Eurasian Economic Union vs. European Union - Perspectives and Limits
At Lansky, Ganzger + Partner, at the meeting room of the Austrian-Kazakh Society (ÖKG - Österreichisch-Kasachische Gesellschaft), a number of prominent participants met for a panel discussion to explore the relationship between the Eurasian Economic Union (EAEU, EEU), to which Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia belong, and the European Union (EU) entitled "The Eurasian Economic Union and the EU - Perspectives and Limits of a Partnership". The conference was hosted by the Research Centre for Eurasian Studies (EURAS), the Austrian-Kazakh Society (ÖKG - Österreichisch-Kasachische Gesellschaft) and the Austrian-Belarusian Society (ÖWG - Österreichisch-Weißrussische Gesellschaft).
October 30, 2018
Art Fair: Old Masters from the Hermitage - Masterpieces from Botticelli to van Dyck
One of the world’s foremost collections of Old Masters is paying a visit to Vienna: fourteen masterpieces from the Hermitage Museum in St. Petersburg will enter into a dialogue with great paintings from the Kunsthistorisches Museum Vienna. On show are, for example, works by Botticelli, Tintoretto, Rembrandt and van Dyck.
June 6, 2018
OMV Celebrates 50 Years of Lucrative Natural Gas Business
On 1 June 1968, a historic gas supply contract was signed in Vienna, establishing Austria’s role as a key country in Europe’s natural gas network. The 50-year collaboration with Russia is a win-win situation. Then, as now, natural gas plays a key role in OMV's portfolio, as European demand will continue to increase over the next decades. OMV is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.
June 6, 2018
Putin's Austria Visit: Extension of Gazprom Gas Supply Contract until 2040
OMV has formally confirmed the extension of the gas supply contract with Russia's Gazprom on the occasion of the visit of Russian President Vladimir Putin to Austria by the two CEOs Alexey Miller and Rainer Seele.
June 6, 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
Sonja Sarközi Appointed New CEO of Sberbank Europe
Sonja Sarközi, currently Chief Retail Banking Officer of Sberbank Europe, has been appointed as new CEO by the supervisory board. She will succeed Gerhard Randa as of 1 July 2018.
May 29, 2018
Vienna's Attractiveness as a Location for Business Continues to Grow
For the sixth year in a row, Vienna recorded the highest number of companies settling in the city. After Vienna had already achieved a record figure in the previous year with 178 international new additions, this was again exceeded last year with 191 new companies, which is an increase of 13%. These business establishments together are responsible for investments totalling €537 million and 1,087 new jobs. There are 344 new foreign invested businesses throughout Austria. German companies remain the number one investors in Austria.
April 30, 2018
New Appointments of Austrian Diplomatic Posts Abroad
At its meeting of 25 April 2018, the Austrian Council of Ministers decided to entrust the following Foreign Ministry officials with the direction of Austrian Missions.
April 25, 2018 · Updated: January 11, 2019; 17:15
Austria's Role in Brussels' Syria Conference Rather Modest
Austria's recent efforts regarding Syria to make only 4 million additional euros available on the one hand, and Lawrow's clear rejection of Austria's possible mediation role in the Syrian conflict on the other, cannot be classified as a success. Rather than Vienna, the Brussels Conference will seek to resume the UN peace talks in Geneva.
April 24, 2018
Russia's Yelena Baturina Divests Grand Tirolia Hotel for €45 Mln
The billionaire and wife of Yury Luzhkov, the former Moscow mayor, is selling her Kitzbühel 5-star hotel for 45 million euros to an investor. Rumour has it that the investor is looking for an international operator.
April 10, 2018
Former Finance Minister Schelling Appointed Gazprom Advisor
Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.
March 30, 2018
Vienna - Moscow: Maintaining All Communication Channels Is Crucial
All the evidence suggests that Russia is to blame for the poison attack on former double agent Sergei Skripal in Salisbury. To date, 19 EU countries and 7 non-EU countries have expelled more than 150 diplomats. By deciding not to expel Russian diplomats, Austria is opposing most of its partner countries.
March 27, 2018
RBI Doubles Net Profit, Pays Dividends Again and Returns to Growth Course
RBI - Raiffeisen Bank International has doubled its profit in 2017 and rewards shareholders. They have not received any dividends since 2013. The bank had to pursue a sharp austerity course, reduce international business volumes, close branches in Eastern Europe and stop dividend payments. Russia remains the most important source of income.
March 15, 2018
The OSCE in 2030: Undivided Security in Europe Now More at Risk Than 10 Years Ago
In the Austrian National Defence Academy, the security issue "The OSCE in 2030: Undivided Security in Europe restored?" was discussed in the form of a public panel discussion. At the invitation of the International Institute for Peace (IIP), the Karl-Renner-Institut, the Scientific Cluster for Polemology and Legal Ethics, the FES Regional Office for Cooperation and Peace in Europe (ROCPE), the Austrian National Defence Academy and the ISP Institute for Security Policy, Hannes Swoboda as moderator and the panelists Thomas Greminger, Fyodor Lukyanov, Stephanie Liechtenstein, Alena Kupchyna discussed the hoped-for security policy development of Europe and the OSCE.
March 7, 2018
Chancellor Kurz Visits President Putin: "The situation in Syria is dramatic"
Austrian Chancellor Sebastian Kurz traveled to Moscow to meet Vladimir Putin. The focus of the trip was a working meeting with the Russian President, with whom Kurz discussed, among other things, the bilateral relations of both countries, the relationship between Russia and the EU, the Ukraine conflict and the current situation in Syria.
February 28, 2018
Federal President Widow Margot Klestil-Löffler Designated to Become Special Envoy to Russia and China
Due to tensions in the CEI Central European Initiative in Trieste between the Italian diplomat Giovanni Caracciolo di Vietri as CEI Secretary General and his deputy Margot Klestil-Löffler, it is rumored that the Foreign Office must find a new job for Klestil-Löffler. This is what the daily "Der Standard" writes in its Thursday issue.
February 23, 2018
How do Russian Politicians and Oligarchs Withdraw their Money from Austria?
The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.
February 22, 2018
IIASA Builds Bridge through Science with Israel
The Laxenburg based international research organization IIASA (International Institute for Applied Systems Analysis) has recently announced that Israel has become its newest member country. Israel joins 24 other countries whose National Member Organization’s representatives constitute the IIASA Governing Council. Israel has established the Israel Committee for IIASA - made up of representatives from Israeli universities, government ministries, and the public - to represent the Israeli membership of IIASA.
February 19, 2018
Strabag building turnkey luxury apartments in Moscow
The European construction group STRABAG has been hired by AO Don-Stroy Invest - one of Moscow's leading real estate developers for luxury apartments - to build the project "Living on Plushikha". Until completion in mid-2019, STRABAG will build 202 turnkey residential units distributed over eight individual buildings.
March 30, 2017
OMV Aktiengesellschaft / OMV reached a binding "Basic Agreement"with Gazprom on the potential asset swap
OMV reached a binding "Basic Agreement" with Gazprom for a potential asset swap transaction. The execution of the Basic Agreement was approved in today's meeting of the OMV Supervisory Board but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of today.
December 14, 2016
Oil Price Hardly Matters for Russian Country Risk
The oil price decline has created headwinds for the Russian economy. However, the risk of doing business in Russia as determined not only by economic but also by political and structural factors has not changed substantially and there is therefore no evidence that the oil price decline had a significant impact on Russian country risk.
November 2, 2016
20 Years Comprehensive Nuclear-Test-Ban Treaty (CTBT): Ministerial Meeting at VIC
Marking the 20th anniversary of the signing of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), a Ministerial Meeting was held at Vienna International Center. Hosting some 40 international organizations, Austria is a hub for the promotion of peace, safety and security, sustainable development and the fight against crime, drug abuse and terrorism.
June 20, 2016
Symposium in Vienna: "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit"
The upcoming summit of the North Atlantic Treaty Organization (NATO) in Warsaw from 8th to 9th July 2016 sees the organization facing numerous challenges. The withdrawal of combat troops from Afghanistan and rising tensions in the European area – from the conflict in Ukraine to the migration crisis, effected the question of the role of NATO’s Partnership for Peace under the new circumstances. A conference in Vienna with the working title "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit" intends to discuss these and other pertinent issues.
June 16, 2016
RBI Not to Sell Zuno Bank to ABH Holdings
The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group will not be concluded because ABH Holdings withdrew from the contract of sale.
March 1, 2016
Exhibition: Chagall to Malevich - The Russian Avant-Gardes
The period from 1910 to 1920 was the heyday of the Russian avant-garde. Reason enough for the Albertina to dedicate an exhibition to Chagall, Malevich and Co.
February 15, 2016
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