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Vienna International Technology Industry News
Read the latest headlines about developments in the international technology industry in Vienna and Austria
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Austria Celebrates 40-Year Anniversary of Membership with European Space Agency
Austria has been part of the European Space Agency (ESA) for 40 years. Since 1981, Austria's domestic businesses, which are specialized in the field of space industry, have benefited from the membership, while "with the help of space research, Austria can take better and more effective action against the climate crisis", according to Austria's Climate Minister Leonore Gewessler.
April 2, 2021
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Austrian Companies Join Largest European Technology Initiative
Austrian companies AT&S, Infineon Austria and NXP Semiconductors Austria are joining the IPCEI Microelectronics. The total investment volume of the Europe-wide project amount to no less than EUR 8.4 billion. Federal Ministers Gewessler and Schramböck are excited about the opportunity for Austria to make an impact in European digitalization.
March 25, 2021
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European Union Digital Day: Schramböck Demands Digital Growth
At the European Union Digital Day, Austria's Minister for Digitalization Margarete Schramböck signed two declarations that create better framework conditions for start-ups and promote green and digital transformation. Schramböck demanded the use of more digital technologies in order to "secure European jobs and value creation."
March 24, 2021
Vienna Stock Exchange: EVN Replaces Telekom Austria in ATX
The semi-annual review of the Austrian leading index ATX has shown a change in the composition. EVN AG will replace Telekom Austria AG. Furthermore, voestalpine AG is included in the ATX five, which comprises the five largest listed companies, instead of Raiffeisen Bank International AG.
March 3, 2021
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Austrian "Stopp Corona" App Connected to Other EU Countries
The "Stopp Corona" app by the Austrian Red Cross goes international. The app has been connected to EU-wide data matching and will thus communicate with currently 11 other warning apps. This allows for an interconnected warning system that is important for travel abroad within the European Union.
February 5, 2021
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
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Technology Oscar for Austrian Software
This year's "Oscar" awards have already an Austrian winner. Christoph Sprenger, a software developer who works in New Zealand, has written code which simulates realistic hair, fire and collapsing buildings. Together with two colleagues, the Salzburg native will receive the "Technical Achievement Award".
February 4, 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
European Innovation Council Funds Austrian Projects
Two projects with Austrian-based research are involved in a new funding project of the EU's European Innovation Council. A total amount of EUR 74 million is distributed among 18 projects that research in cutting-edge technologies. Additionally to the funding, coaching and business development supported is provided by the Council.
December 14, 2020
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Schramböck: Deepening Digitalization in the EU
The EU member states aim to create synergies between national research and investment initiatives and to ensure a coherent European approach with sufficient scope. Joint Support for European electronics value chains will try to establish leading capabilities in various digital competencies.
December 7, 2020
Europe-Wide Innovation Award Goes to Wiener Linien
The Europe-wide Innovation in Politics Award 2020 goes to the research project RemiHub, coordinated, among others, by Wiener Linien and the Vienna University of Technology. RemiHub focuses on the urban parcel delivery and was already tested for different delivery services in Vienna.
December 3, 2020
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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
EU Increases Funding for Austrian-Lead Covid-19 Research Projects
Through the Horizon 2020 research program, the EU has increased its funding for 23 Covid-19 related research projects. Two of the funded projects are lead by Austrian companies and four more rely on important Austrian partners to further their research efforts.
November 6, 2020
First Microsoft Cloud Data Center in Austria
Microsoft has announced the establishment of Austria's first ever data center region. Chancellor Kurz says that this "represents a decisive competitive advantage" and thanks Microsoft for the commitment to Austrian companies and their employees.
October 20, 2020
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European Ministers Sign EU Cloud Declaration
At the Informal Council of EU Minister for Telecommunication and Digitalization the future of the EU with regard to security, exchange and use of data was discussed. Austrian Minister Schramböck is delighted about the progress made and the signing of the EU Cloud Declaration that should enable an even better exchange of data among member states.
October 15, 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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Launch of the European Month for Cyber Security 2020
A joint information campaign of Europol and its partners will once again host the European Month for Cyber Security. This event should help the prevention of cyber crime by raising awareness and providing information to individuals and organizations.
October 2, 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
Environmental Support Act: 1 Billion for Climate Protection Support until 2022
The National Council is in favor of a budget increase dedicated to climate protection. In detail, the Environment Committee wants to raise the amount of funding to EUR 1 billion by 2022 which will be invested in biogenic heating networks, renovation of buildings and other measures.
September 17, 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
Digital Days 2020 on the "Digital Capital of the People"
The Digital Days 2020 organized by the City of Vienna will be held as an online conference with the main theme being "Digital Capital of the People". It will take place from September 30 to October 1 and registration is free of charge.
September 14, 2020
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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
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EU Supports Young Researchers with EUR 677 Million
The European Commission is providing a total of EUR 677 million to over 400 recipients of a "Starting Grant" from the European Research Council. Eleven of the selected junior researchers are conducting research at Austrian institutions.
September 4, 2020
Austrian Technology Company Kapsch Will Cut Around 400 Jobs
Vienna-based company Kapsch is likely to cut about 400 jobs globally in the near future. The company has commenced a transformation program that will allow it to be successful in the future.
September 3, 2020
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Biggest Ars Electronica Will Include 120 Locations
120 locations around the globe will feature performances organized by the Ars Electronica in Linz. Despite the ongoing Covid-19 crisis, the festival organizers have once again surpassed the dimensions of the recent years.
September 2, 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
Industry at Alpbach Technology Talks: Austria's Federation of Industries Demands to Start the Technology Offensive Now
The President of the Federation of Austrian Industries (Industriellenvereinigung) Georg Knill used the European Forum Alpbach to underline the importance of research, technology and innovation for a wealthy future economy.
August 28, 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
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
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European Forum Alpbach Will Be Host to Numerous Outstanding Personalities Beginning August 23
The European Forum Alpbach will be opened by Austria's President Alexander Van der Bellen on August 23 and will host various outstanding speakers, either in person or virtually, for 12 days.
August 18, 2020
Climate Change - Austrian World Summit Postponed
Arnold Schwarzenegger's ambitious climate project in Vienna falls victim to the coronavirus and has to be postponed until autumn.
March 24, 2020
Voestalpine: Short-time Work in 50 European Subsidiaries
The biggest economic challenge of the past decade represented by the coronavirus pandemic has hit the Austrian technology group Voestalpine hard. Short-time work in Austria and other European countries such as Germany, Belgium and France is unavoidable due to the slump in demand.
March 24, 2020
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Digital Tax: Google Charges Customers
The search engine operator Google wants to collect the new digital tax, which has been levied in Austria since January on income from online advertising by international corporations, in its entirety from its advertising customers.
January 31, 2020
Austro-Arab Chamber Secretary General Receives “Decoration of Merit in Gold of the Province of Vienna”
The AACC Austro-Arab Chamber of Commerce in Vienna announced that Secretary General Dipl.-Ing. Mr. Mouddar Khouja was awarded the "Decoration of Merit in Gold of the Province of Vienna", in recognition of his dedication and devotement to the province of Vienna through his personal initiatives and in his professional capacity as Secretary General of AACC.
November 4, 2019
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Further Increase in Greenhouse Gas Emissions in Austria
Environmental control report calls for increased investment in climate-neutral economy and society. Climate neutrality requires change in the economy and society.
October 16, 2019
Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five
The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.
September 4, 2019
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
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Uber Suspends all Services in Austria Temporarily
Uber Technologies, the driving service provider, is temporarily discontinuing all services in Austria. The reason for this is a temporary order issued by the Commercial Court of Vienna. Accordingly, Uber Technologies requires a subsidiary and a trade licence in order to offer its services.
July 25, 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
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Huawei Austria Sponsors Austrian Chinese Business Association
The Chinese technology group Huawei and the ACBA Austrian Chinese Business Association have sealed their cooperation at an evening event entitled "Huawei - Inside & Outside" at the Grand Hotel Vienna. Huawei is disputed internationally because of its 5G wireless network technology and its close connection to the Chinese government. Huawei maintains good business relations with the largest carriers in Austria, A1 Telekom Austria (America Movil), Hutchison Whampoa (Drei Austria) and T-Mobile Austria and supplies them with expensive 5G network equipment. In addition, Huawei will open its first flagship store outside China in downtown Vienna in the summer of 2019.
February 27, 2019
Austria Strengthening Venture Capital Structures with Seoul and Shanghai
Margarete Schramböck, Austrian Federal Minister for Digitisation and Business, visited Seoul, the capital of South Korea and China's greater Shanghai metropolitan area, together with a high-ranking delegation of experts from the fields of digitisation, science and business, with the aim of strengthening Austria as a location for innovation.
November 9, 2018
Ambassador Traina on Trade-War: "Donald Trump is Europe's Greatest Hope"
In an interview with the trend-magazine the US ambassador in Vienna, Trevor Traina, warns of the Chinese, and that the theft of intellectual property could also happen to Europe's key industries. Donald Trump's unpredictability is therefore "Europe's greatest hope" to avert such a scenario in time.
October 19, 2018
IAEA Laboratories in Seibersdorf - A Hub of Scientific Excellence
The laboratories of the International Atomic Energy Agency (IAEA) are located in the town of Seibersdorf, where scientists carry out unique work in support of global peace and development. Located 35 kilometres south of Vienna, the 10 laboratories play an important role in the IAEA’s activities in the areas of nuclear verification, food and agriculture, human health, industrial applications and the environment. Recently Austrian President Van der Bellen paid a visit to Seibersdorf.
October 16, 2018
IAEA Member States Discuss Peaceful Use of Nuclear Technologies
Representatives from the IAEA’s Member States, including at ministerial level and above, are convening at the 62nd IAEA General Conference in Vienna this week to discuss key elements of the Agency’s priorities in its work on the peaceful use of nuclear technologies.
September 18, 2018
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Bosch Austria Boosts Sales by 8% and Invests €120 Million in R&D
During the 2017 fiscal year, Bosch increased its sales on the Austrian market by around eight percent to 1.25 billion euros. "We have achieved record sales. All business sectors contributed to the positive development," said Dr. Klaus Peter Fouquet, sole board member of Robert Bosch AG and representative of the Bosch Group in Austria.
June 14, 2018
Infineon Invests 1.6 Billion Euros in New Chip Factory in Austria
German semiconductor manufacturer Infineon is investing in Carinthia in the largest chip factory in Europe. 1.6 billion euros will be invested in the construction of a new semiconductor factory at the Villach site.
May 30, 2018
South Korea's LG Electronics Acquires Austrian Automotive Supplier ZKW for €1.1 Bln
South Korean electronics manufacturer LG Electronics is acquiring the Lower Austrian lighting and electronics systems specialist ZKW for more than 1.1 billion euros. It plans to buy a 70 percent stake in ZKW Holding, a supplier to Mercedes-Benz and BMW. Its holding company LG Corp. will purchase the remaining stake for 330 million Euro. LG hopes to expand its position in the automotive lighting sector for self-driving cars. ZKW was previously wholly owned by the entrepreneur Ulrich Mommert.
April 26, 2018
Kapsch TrafficCom AG Awarded Contract to Upgrade TollCollection Equipment on Maryland Roads
The Maryland Transportation Authority (MDTA) has awarded Kapsch TrafficCom (Kapsch) a contract to replace and maintain all roadside tolling equipment in the mixed-mode, cash, and express toll lanes under MDTA management. The contract commenced in February 2018 and includes the replacement of all toll equipment, expected to be converted to the Kapsch system by 2020, and six years of subsequent operations and maintenance as well as the option to extend the contract for additional four years. The project volume of the base contract exceeds EUR 55 million and will be managed locally from the Kapsch office in Rockville, Maryland.
April 23, 2018
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