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The New Balkans in the Year of Hope for EU Enlargement
2018 has been frequently described as the „year of hope“ for EU enlargement and for the Balkans. In February 2018, a new Enlargement Strategy was presented in Strasbourg by the EU Commission. Bulgaria, currently having the Presidency of the Council of the EU, will organize a major Balkan’s Summit in May 2018. Austria, for a long time one of the most prominent promoters of the EU Enlargement for the Western Balkans and a country deeply intertwined with the region, will assume the EU presidency in the second half of 2018. 2018 represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making enlargement perspective realistic for 2025.
April 20, 2018
Top Energy Events Put Vienna in the Focus of the Global Clean Energy Economy
The Vienna Energy Forum 2018 in May in Vienna brings together a multitude of people and institutions to discuss and solve the key questions of the present on the topic of energy. Among them are heads of state, ministers, energy experts, representatives of international and non-governmental organizations, academia, civil society and the private sector. The PFAN Climate and Clean Energy Investment Forum and the R20 Austria World Summit are also part of this huge event. This event, sponsored by Arnold Schwarzenegger, is a high-level summit about leadership on implementing the Paris Climate Agreement and the United Nations Sustainable Development Goals.
2 hours ago
Tourism: Vienna Achieves New Record Number of Overnight Stays
Vienna recorded a new tourist record in March with an increase of 8.5% compared to the previous year. The number of guest overnight stays rose to 1,169,000. Most of the tourists came from Germany, Italy, Russia, Spain, the UK and Switzerland.
4 hours ago
Telekom Austria: Strategic Restructuring of Management and Supervisory Board
At Telekom Austria's Supervisory Board meeting, not only the change at the top of the company's Supervisory Board was sealed, but also the restructuring of the Management Board. Thomas Arnoldner (40), previously responsible for Sales & Services on the T-Systems Board of Management, replaces Alejandro Plater as Telekom Austria CEO. Economics lawyer Edith Hlawati takes over as Chairman of the Supervisory Board from Wolfgang Ruttenstorfer.
6 hours ago
David Goodhart at the IWM: Dilemmas of Post-Liberalism
David Goodhart, a British journalist, commentator, author and the director of the Demos thinktank discusses immigration and liberalism with Ivan Krastev at the IWM Institute of Human Sciences.
April 13, 2018
Opening of the Austrian Consulate General in Chengdu
Austria has set up a consulate general in Chengdu, capital of southwest China's Sichuan Province, with President Alexander Van der Bellen, Chancellor Sebastian Kurz and Foreign Minister Karin Kneissl attending the opening ceremony during their state visit to China. Van der Bellen also expressed his wish for a new male panda bear.
April 12, 2018
Minister of Economy Visited Huawei and Alibaba During State Visit to China
Federal Minister of Digitization and Business Location Margarete Schramböck signed an agreement to facilitate access to Chinese trading platforms for Austrian companies during the current state visit to China at the Ministry of Foreign Trade and Economic Cooperation (MOFCOM) in Beijing. Global experience shows, however, that one should be cautious with regard to technical cooperation with Chinese and copyright issues.
April 12, 2018
Telekom Austria Prepares Expansion in the Western Balkans
Telekom Austria is strategically strengthening its search for takeover targets and has made EUR 1 billion available in the war chest. CEO Alejandro Plater has announced his intention to expand again in the Western Balkans (Serbia, Croatia and other countries of former Yugoslavia).
April 11, 2018
Casinos Austria International Will Not Be Sold
Casinos Austria AG (CASAG) stops the sale of Casinos Austria International (CAI).
April 11, 2018
Austrian Airlines: Alexis von Hoensbroech Succeeds Kay Kratky as CEO
Alexis von Hoensbroech is to become the new Chairman of the Executive Board of Austrian Airlines. The current AUA CEO Kay Kratky, whose contract ends in July, is leaving the company.
April 11, 2018
Former US Ambassador to Austria Swanee Hunt Back in Vienna: Can Women Stop War?
Activist, philanthropist, billionaire's daughter, Democrat, Harvard lecturer and former US Ambassador to Austria Swannee Hunt returns to Vienna to be interviewed at the Austrian Institute for International Affairs (oiip) on the subject of "Can Women Stop War?
April 11, 2018
Austria's Capital Market for SMEs on the Brink of a Renaissance
Finance Minister Hartwig Löger plans to revive the Austrian capital market for SMEs by making trading of bearer shares of Austrian companies on the Third Market possible again.
April 11, 2018
Max Hollein Appointed New Director of the Metropolitan Museum
The Metropolitan Museum of Art of New York announced that Max Hollein will become its 10th director and thus becomes cultural ambassador for New York. Vienna-born Hollein, 48 years old, is an art historian who has been serving as Director and CEO of the Fine Arts Museums of San Francisco since 2016. Before that, he oversaw Schirn Kunsthalle, Städel Museum and the Liebieghaus Skulpturensammlung in Frankfurt. The Met is the largest art museum in the United States. With more than 7 million visitors in 2016, it is the second most visited art museum in the world.
April 11, 2018
Asylum Law: Duration of Proceedings at Austrian Supreme Courts Decreases
The duration of proceedings in asylum cases at the two Austrian Supreme Courts, Constitutional Court of Austria (VfGH) and Supreme Administrative Court of Austria (VwGH), is continuously decreasing.
April 10, 2018
New Double Taxation Agreement Between Israel and Austria
After almost 50 years, a new double taxation agreement (DTA) for income and capital taxes was signed between Israel and Austria, which includes substantial tax relief.
April 10, 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
C-Quadrat: Yearly Financial Report 2017
C-Quadrat Investment AG is declaring the following financial reports below.
April 6, 2018
Opel-PSA Group Plans Job Cuts in Vienna
By summer, 140 employees are to leave the Opel plant in Aspern. A further reduction could be avoided thanks to a new transmission order from Opel parent Groupe PSA. Engines will be produced for the previous Opel owner General Motors (GM) until 2019/20. What comes after that is still uncertain.
April 6, 2018
Austria's Vice-Chancellor Also Wants Headscarf Ban for Students
An extension is now under discussion since yesterday. Heinz-Christian Strache requested a comprehensive ban on headscarves in a TV appearance analogous to Turkey, as it had applied there until before the AKP. Until now it was decided that children under the age of ten should not wear headscarves. The government wanted to propose a law by summer for which it needs the votes of the opposition. Chancellor Sebastian Kurz, who made the appearance together with Strache, agreed with Strache that he is completely on the same line.
April 6, 2018
Telekom Austria AG: Yearly Financial Report 2017
Telekom Austria AG is declaring the following financial reports below.
April 6, 2018
OMV Buys Oilfield Shares in Abu Dhabi for USD 1.5 Bln
Listed oil corporation OMV is acquiring 20 percent of two offshore oil fields in Abu Dhabi from the Abu Dhabi oil group ADNOC. The purchase price for the concession and the associated infrastructure amounts to USD 1.5 billion. OMV has already a long relationship with Abu Dhabi. OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the location of the Business Hub for OMV´s Upstream Middle East & Africa activities.
April 6, 2018
Fire Brigade Equipment Supplier Rosenbauer: Profit Halved in 2017
Despite a record order intake, the profit of the Upper Austrian firefighting equipment supplier Rosenbauer halved in the 2017 financial year. This was partly due to a slump in demand in the Middle East and North Africa, but also to the recently reported irregularities at a German subsidiary, which led to a write-down of EUR 3.5 million.
April 6, 2018
Otto Wagner: Vienna's World Famous Architect at the Vienna Museum
Otto Koloman Wagner (* 13 July 1841; † 11 April 1918) was Austria's most important architect, architectural theorist and Urban Planner of Vienna in the Belle Epoque and around the Fin de siècle. His Art Nouveau buildings, his university activities and his writings on urban planning helped him to world fame in the 1890s. The Wien Museum devotes a comprehensive exhibit to the architect who turned Vienna into a global metropolis.
April 5, 2018
Afrika! Afrika! - The André Heller Circus Show Comes to Vienna
André Heller’s circus show blurs the boundaries between dance, acrobatics, live music and video to create a magical stage performance. The ensemble shows the artistic present day as well as the traditional heritage of the African continent: from Ethiopia to Ivory Coast, from Morocco to South Africa.
April 5, 2018
Meet the Ambassador of Japan to the International Organizations in Vienna: H.E. Mr. Mitsuru Kitano
H.E. Mr. Mitsuru Kitano is the Permanent Representative and Ambassador Extraordinary and Plenipotentiary of Japan to the International Organizations in Vienna. Just recently Ambassador Kitano together with the host, UNIDO's Director-General Li Yong, attended a joint event for launching UNIDO projects in Etiopia, Iraq, Jordan, Lebanon, Liberia, Nigeria, Somalia, and Syria, after the government of Japan has confirmed that it will contribute over US$5.2 million to projects in these 8 countries.
April 4, 2018
Arnold Schwarzenegger in Vienna: The Prodigal Son's Interim Visit
Shortly before his planned heart operation Arnold Schwarzenegger visited Vienna to prepare the second R20 Austrian World Summit, scheduled to take place on May 15, 2018 in Vienna’s Hofburg Palace. Among others the former Governor of California met Austrian Federal President Alexander Van der Bellen and Federal Chancellor Sebastian Kurz to discuss the upcoming summit. Last week Schwarzenegger had undergone emergency open-heart surgery following complications that arose during a planned heart valve replacement.
April 4, 2018
FACC Achieves Sales Record of EUR 750.7 Mln in 2017/18
FACC, the Sino-Austrian aircraft component manufacturer generated preliminary sales of 750.7 million euros, and the order backlog increased to US$ 5.9 billion. On March 19, FACC entered the ATX, Austria's leading index on the Vienna Prime Market, and has since been one of the 25 largest and most traded companies in Austria.
April 4, 2018
Meet the Ambassador of Japan to Austria: H.E. Mr. Kiyoshi Koinuma
H.E. Mr. Kiyoshi Koinuma is the Extraordinary and Plenipotentiary Ambassador of Japan to Austria as well as the Extraordinary and Plenipotentiary Ambassador of Japan to Kosovo and Macedonia.
April 3, 2018
Austria's Largest State Visit to China Imminent
Austria's largest state visit to China to date is about to take place. Four ministers will travel to China from 7 to 12 April with President Van der Bellen and Chancellor Kurz. 170 Austrian companies with a delegation of around 200 people are also on board. The expectation is high that various agreements between Chinese and Austrian companies will be signed.
April 3, 2018
14,000 International Scientists Meet in Vienna to Discuss Earth-related Topics
The largest geosciences meeting in Europe will take place from 8 to 13 April in the Austria Center Vienna (ACV). The EGU (European Geosciences Union) 2018 General Assembly brings together more than 14,000 geoscientists from all over the world into one meeting covering all disciplines of the Earth, planetary and space sciences. This year, for the first time, the EGU is organising an event for the wider public in Vienna.
April 3, 2018
Leadership Change: Mahrer Follows Leitl as Austrian Chamber of Commerce President
Harald Mahrer, President designate of the WKO Austrian Federal Chamber of Commerce, will take over from acting President Christoph Leitl on 18 May.
April 3, 2018
Flughafen Wien: Yearly Financial Report 2017
VIA Vienna International Airport/Flughafen Wien AG is declaring the following financial reports below.
April 3, 2018
VIC Strengthens Presence in Hungary and Slovakia
Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.
April 3, 2018
Flughafen Wien: Invitation to the General Meeting 2018
Flughafen Wien Aktiengesellschaft invites its shareholders to the 30th Annual General Meeting, which will be held on Wednesday, May 2, 2018 at 3 p.m. in Office Park 3, Object 682, Towerstrasse, A-1300 Wien-Flughafen.
April 3, 2018
Money Laundering: RBI Is Fined EUR 2.7 Million
The Austrian Financial Market Authority (FMA) has imposed the highest fine ever imposed by the FMA, i.e. a fine of EUR 2.748 million against Raiffeisen Bank International AG.
April 1, 2018
Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa
LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.
March 30, 2018
Vienna Based UN Agencies Join Forces to Combat Migrant Smuggling
At the United Nations in Vienna, IOM, the United Nations Migration Agency, and UNODC organized an event centring on a Joint Platform on Countering Migrant Smuggling. The aim of the initiative is to deny criminal traffickers the means and opportunity and end the impunity of smugglers.
March 30, 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
Trevor Traina Confirmed by US Senate as US Ambassador to Austria
The Foreign Relations Committee of the Senate in Washington D.C. has confirmed Trevor Traina, nominated by President Donald Trump, as the new US Ambassador to Austria. This was announced by both the State Department and the US Embassy in Vienna. The post has been vacant since January 2017 when Alexa Wesner was recalled from her post.
March 30, 2018
Eurowings also Expands Vienna Connections
With the summer flight schedule 2018 Eurowings, the discount airline subsidiary of Lufthansa, is adding new destinations from Vienna to Corfu, Larnaca, Catania, Chania, Kos, Heraklion and Rhodes.
March 30, 2018 · Sponsored Content
Repatriation of Austrian Gold Reserves Nearing Completion
This year, and not in 2020, the OeNB Austrian National Bank is already concluding its repatriation campaign for half of its gold reserves. By the end of the year, 140 tonnes of gold are to be stored in Austria, with the other 140 tonnes remaining in London (84 tonnes) and Switzerland (56 tonnes).
March 30, 2018
Oesterreichische Kontrollbank - Yearly Financial Report
Österreichische Kontrollbank Aktiengesellschaft is declaring the following financial reports below.
March 30, 2018
Harvard Government Professor Michael Sandel to Lecture Austrian Opposition How to Win Back Popular Support
The election of Donald Trump was an angry verdict on decades of rising inequality and a version of globalization that benefits those at the top but leaves ordinary people feeling disempowered. American political philosopher and a political philosophy professor at Harvard University Michael J. Sandel will give a lecture on "Is Democracy in Peril? - Politics in the Age of Trump".
March 29, 2018
Strabag awarded tunnelling contract for Sirius Minerals’North Yorkshire Polyhalite Project
Sirius Minerals Plc. has hired the European construction group Strabag SE to build an approx. 13 km tunnel section for the underground transport system of the Woodsmith Mine near Whitby, England. The design-and-build contract was signed on 28 March.
March 29, 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
AMS Implements a Revised Earn-Out Structure Gaining 100% Acceptance by Former Heptagon Shareholders to Reflect Higher-Than-Expected Capital Expenditure Requirements
AMS, a leading worldwide supplier of high performance sensor solutions, made an arrangement with 100% of the former shareholders of Heptagon which provides for a revised earn-out structure predominantly consisting of a share distribution. ams announced on 20 February 2018 that the company had submitted a proposal to the former shareholders of Heptagon for a revised shares-only earn-out structure (contingent on an approval threshold of 60% of the preferred shareholdings) reflecting the higher-than-expected capital expenditures and resources which were required for Heptagon's business to realize its 2017 revenue pipeline.
March 27, 2018
AMAG Austria Metall AG / Yearly Financial Report
AMAG Austria Metall AG is declaring the following financial reports below:
March 27, 2018
Most Expensive Sparkling Wine Bottle in the World Made in Vienna
A Schlumberger cuvée vintage 2007 with 6.600 Swarovski crystals and 26 hours manual work production time was sold for a record price of 10.000 Euro at the "Licht ins Dunkel" charity gala for a good cause.
March 26, 2018 · Sponsored Content
AUA Starts with Summer Flight Schedule 2018: More Flights to Germany, but CEE Remains Core Market
Austrian Airlines offers a flight program with 138 destinations in 55 countries in summer 2018.
March 26, 2018
Jens Weidmann Demands in Vienna an End to Massive Bond-Buying Program
The head of Deutsche Bundesbank, Jens Weidmann, visits Vienna to receive the Grand Decoration of Honour in Gold (Grosses Goldenes Ehrenzeichen) from Finance Minister Hartwig Löger. In his speech he called for a rapid end to bond purchases by the European Central Bank (ECB).
March 26, 2018
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