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Latest News

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

Austrian Support for Peace and Security Programm in Horn of Africa Region

Vienna based ADA - Austrian Development Agency signs an agreement on peace and security in the Horn of Africa with EU and IGAD (Intergovernmental Authority on Development). The EUTF - EU Emergency Trust Fund for Africa provides 40 million euros. 35 million of this will be made available to ADA and 5 million directly to IGAD. The ADA passes on one million euros to IGAD. The Swedish International Development Agency SIDA will also contribute one million euros..

March 26, 2018

Andritz: Report by the Executive Board and the Supervisory Board on the Stock Option Program for 2018

By resolution of the Annual General Meeting of ANDRITZ AG on March 23, 2018, the company's Executive Board was authorized to purchase treasury shares in accordance with the provisions of the Austrian Stock Corporation Act (AktG) and to possibly cancel these company shares with approval from the Supervisory Board without having to submit the matter to the Annual General Meeting of Shareholders again.

March 26, 2018

OSCE Secretariat and UNODC Sign Joint Action Plan to Countering Transnational Threats to Security

Recently, the UNODC and the OSCE, two of the largest international organisations in Vienna, signed a follow-up agreement to better address threats and developments threatening international public security, which is against drugs, crime, corruption and terrorism and in favour of the 2030 Agenda for Sustainable Development.

March 23, 2018

Andritz: Annual General Meeting Approves Dividend Increase to 1.55 Euros Per Share

At today's 111th Annual General Meeting of Andritz AG, the shareholders agreed to raise the dividend to 1.55 euros per share for the 2017 business year (2016: 1.50 euros per share).

March 23, 2018

Austrian Anadi Bank AG / Yearly Financial Report

Austrian Anadi Bank AG is declaring the following financial reports below:

March 23, 2018

OECD's Angel Gurría and IIASA Agree to Tackle Critical Global Problems Facing Humanity

OECD (Organisation for Economic Co-operation and Development) Secretary-General Angel Gurira led a high-level OECD delegation to visit IIASA. The Secretary-General gave a special lecture titled "Better Policies to meet the Systemic Challenges of the 21st Century" at the Austrian Federal Ministry of Education, Science and Research, which was followed by the signing of an OECD-IIASA Memorandum of Understanding. The aim of the agreement is to jointly shape and develop innovative policies by applying systems thinking to the critical global issues facing humanity.

March 22, 2018

Vienna City Marathon 2018: Get Ready for the 35th Jubilee Race

Vienna has recently been crowned the most livable city in the world. It is imperial, vibrant, and the perfect host city for thrilling events. Experience the impressive scenery of historic and modern architecture at a run past Vienna's most beautiful sights. The Vienna City Marathon on 22 April 2018 will be a true theater of emotions and will host more than 40,000 runners from 125 nations. A million spectators along the route will provide the necessary motivation.

March 22, 2018

Gisela Stuart: How Does a Europe-Endorsing German-British MP Become a Brexite Proponent?

Gisela Stuart, born and raised in West Germany and a Member of the British parliament (Labour party, 1997 – 2017), will give a guest lecture at the IWM - Institute for Human Sciences. She will answer the question of how an EU advocate can turn into a passionate advocate for Brexit.

March 22, 2018

Analysis: Vienna's 900 Years of Close Ties With Former Tax Haven Liechtenstein

Federal President Alexander Van der Bellen visited the Principality of Liechtenstein during a state visit to Vaduz. After 14 months, he has finally visited the last of Austria's neighbouring countries. The state was known as a tax haven until November 2013. The Liechtenstein tax affair and offshore leaks have contributed to the neighbouring country signing an international agreement to prevent tax evasion.

March 22, 2018

Schoeller-Bleckmann Oilfield Equipment AG / Announcement of a Resolution for the Sale of Treasury Shares

In compliance with the resolution passed by the Annual General Meeting on 27 April 2016, the Executive Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft ("SBO") with its seat in Ternitz has decided to sell treasury shares over-the-counter.

March 22, 2018

Austria's Double Budget 2018/2019 - Cautious Optimism

Finance Minister Hartwig Löger (ÖVP) presented his first budget. Austria's new federal government wants to earn more than it spends. The double budget for 2018 and 2019 should herald a new era. The Austrian state has been spending more than it takes for 65 years and this is to be reversed for the first time in 2019. Debt policy is to be ended. A budget surplus of 541 million euros is to be achieved and thus a turning point in budget policy. Most money should be spent on pensions, least on health.

March 22, 2018

Austrian Attaché at Tel Aviv Embassy Poses in T-Shirt of Right-Wing Identitarians

Austrian Foreign Minister Karin Kneissl has recalled Jürgen-Michael Kleppich, Attaché at the Austrian Embassy in Tel Aviv. The reason for this are media reports that shortly after Kleppich moved to Israel in January 2018, he posted a picture of himself in a T-shirt from the shop of right-wing extremist Identitarian Movement on Facebook.

March 22, 2018

Expat Advise: How Does the Austrian Tax and Social Security System Work?

If you are moving to Vienna as an expat or are already living here with employment income and want to find your way around the complicated Austrian tax and social security system, Vindobona recommends attending an interesting event organised by the Vienna Business Agency and Deloitte Austria.

March 22, 2018

Vienna Insurance Group Reaps Successes of Its CEE Strategy

Group profit before taxes increased to EUR 442.5 million in 2017 (2016: EUR 406.7 million). This 8.8 percent increase in profits was primarily due to positive improvement in the combined ratio and an increase in the life insurance underwriting result in the Czech Republic and Slovakia. Poland recorded a particularly large increase in profit, due in part to a successful stabilisation of the motor insurance business.

March 22, 2018

80th Anniversary of Mexico’s Protest Against Anschluss of Austria to Hitler-Germany

On 19 March 1938 Mexico submitted a note of protest to the League of Nations against the annexation of Austria by Nazi Germany (known as “Anschluss”). At that time Mexico was the only member of the League of Nations to issue a written protest.

March 21, 2018

Österreichische Post AG / Invitation to the General Meeting 2018

Österreichische Post Aktiengesellschaft would like to invite its shareholders to the Annual General Meeting to be held at 10 a.m. on Thursday, April 19, 2018 in Hall C, Reed Messe Vienna, Trabrennstrasse 7, 1020 Vienna.

March 21, 2018

Lenzing: Commitment to Sustainable Forestry as a Climate Regulator

The Lenzing Group is publishing its current Sustainability Report 2017 on March 21, 2018, which is International Forest Day. The report underlines the successful efforts of the Lenzing Group in its role as one of the sustainability leaders in the wood-based cellulose fiber sector to make an important contribution to eco-friendly management along the entire value chain of the textile and nonwovens industry.

March 21, 2018

SBO: Operating Result Turns Clearly Positive in 2017

In the 2017 financial year, the market environment of the oilfield service industry recovered appreciably, with North America confirming its leading role as demand picked up sharply there.

March 21, 2018

SBO: Yearly Financial Report

Schoeller-Bleckmann Oilfield Equipment AG is declaring the following financial reports below:

March 21, 2018

Ryanair Acquires 75 Percent of LaudaMotion

The Irish low-cost airline Ryanair is paying 100 million euros for the share. Ryanair will initially take over 24.9 percent of Laudamotion and intends to increase it to 75 percent, subject to the approval of the EU competition authority. The airline founder will continue to be in charge.

March 20, 2018

Vienna Forever the Most Livable of All Cities?

For the ninth time in a row, Vienna has been ranked number 1 worldwide in the Mercer Quality of Living ranking. Vienna owes this to the generous and liberal spending policy of the city government of recent decades. In view of the expected budget cuts, it remains to be seen whether Vienna will be able to maintain this leading position in the future.

March 20, 2018

Strabag building LEED-certified office tower in central Bucharest

The European-based construction group Strabag SE, through its Romanian subsidiary, has been awarded the contract to build a 110 m tall office tower in central Bucharest. The contract has a value of about EUR 39 million. Completion is scheduled for October 2019.

March 20, 2018

26°EAST: Glamorous Opening of New Champagne Bar at Hotel Palais Hansen Kempinski

The new new cocktail and champagne bar 26°EAST was opened in the Palais Hansen Kempinski with a magnificent party. According to General Manager Gerhard Mitrovits, this bar is to develop into an exclusive bar hotspot at the end of the Ringstrasse.

March 17, 2018 · Sponsored Content

Culture Tech at SXSW in Austin, Texas: The Austrian Version of Cultural Diplomacy

Austria was present at the 2018 music festival South-by-Southwest-Festival (SXSW) in Austin with a selection of its most innovative entrepreneurs and artists from culture, music and the start-up industry. The heart of the domestic performance was the Austrian Day at the German House in the legendary Barracuda Club. In the setting of a traditional Viennese coffee house inspired by Café Landtmann, the menu included inspiring discussions, technical innovations and entertaining performances in addition to Viennese sausages and Sacher cake.

March 16, 2018

Hungary Forces Central European University of US Billionaire Soros to Move to Vienna

In view of the political pressure exerted by the Hungarian government under the proposed amendments to Act CCIV of 2011 on Hungarian National Higher Education, the Central European University (CEU) of US billionaire George Soros feels compelled to look for alternatives. The city of Vienna naturally offers itself as an excellent alternative or supplement. The CEU and the City of Vienna are already in negotiations about a memorandum of understanding (MoU) that would enable CEU to open a satellite campus site in Vienna. The Otto Wagner area at Baumgartner Höhe is being examined as a possible location.

March 16, 2018

Semperit with Negative Results in 2017 After Start of Profound Restructuring

In 2017, the business development of the publicly listed Semperit Group was influenced by globally stronger growth dynamics and favourable economic conditions. However, mostly increasing and very volatile raw material prices resulted in additional burdens.

March 16, 2018

Wolford Aktiengesellschaft / Quarterly Report

Wolford Aktiengesellschaft is declaring the following financial reports below.

March 16, 2018

TTTech Sets Up Joint Venture in Shanghai to Deploy Key Technology for Autonomous Driving Cars in China

The Vienna-based technology company TTTech and China's largest automotive group Shanghai Automotive Industry Corporation (SAIC) announced a joint venture with the intention to produce an Intelligent Driving Central Controller (iECU), which will be installed on the first China-made intelligent driving vehicle later this year. TTTech holds 49.9 percent in the new joint venture.

March 15, 2018

World Happiness Report: Austria 12th Happiest Country in the World

In this year's World Happiness Report, published annually by the United Nations Sustainable Development Solutions Network, Austria comes in 12th place, one place better than a year ago. Finland is the happiest country in the world, but the other Scandinavian countries are also in the lead.

March 15, 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

Simplified Naturalisations in Austria for Families of Nazi Refugees

Austria plans to facilitate dual citizenship for the descendants of Nazi displaced persons.

March 15, 2018

Austrian Post: Increase in Revenue and Earnings in 2017

Austrian Post showed a satisfactory business development in the 2017 financial year. Group revenue increased by 2.3% to EUR 1,938.9m compared to EUR 1,895.6m in the previous year (excl. trans-o-flex). The Mail & Branch Network Division reported a revenue decline of 2.1% to EUR 1,447.8m due to the ongoing trend of e-substitution, which was more than offset by the 17.7% increase in Parcel & Logistics divisional revenue up to EUR 495.6m.

March 15, 2018

Rosenbauer International AG / Results of the Rosenbauer Group for 2017 Influenced by Impairment

During the preparation of the annual financial statements, irregularities at an investee in Germany were determined. On the basis of the current state of knowledge of the 2017 consolidated financial statements, these irregularities lead to an extraordinary impairment of EUR 3.5 million. A forensic examination by Internal Audit with the assistance of external experts was instigated immediately. The Executive Board will provide the necessary structural and personnel resources and implement further measures after the result of the forensic examination is known.

March 14, 2018

Lenzing. Yearly Financial Report 2017

Lenzing AG is declaring the following financial reports below.

March 14, 2018

Lenzing Group Achieves Best Full-Year Results in Its History

In 2017, the Lenzing Group reports its best financial performance ever with record revenue and earnings due to a better product mix and higher selling prices in combination with a generally favorable market environment.

March 14, 2018

Strabag building section of M85 expressway in Hungary for€ 167 million

The European construction group STRABAG SE has started work on the 20.5 km long section of the M85 expressway between Csorna and Sopron in Hungary. The contract has a value of HUF 51.9 billion, which corresponds to about EUR 167 million. The section is scheduled for completion after a period of 36 months.

March 13, 2018

LGT Group Reports Profit of CHF 283.4 Mln

LGT, the private banking and asset management group owned by the Princely House of Liechtenstein, reported strong net asset inflows and a significant increase in profits for the 2017 financial year. Group profit for the full year rose 23% to CHF 283.4 million. Net asset inflows, excluding acquired assets, amounted to CHF 17.7 billion, which corresponds to organic growth of 12%. As at the end of 2017, assets under management increased by a total of 33% to CHF 201.8 billion.

March 12, 2018

Permanent Mission of Japan to the International Organizations in Vienna, Austria / 在ウィーン国際機関日本政府代表部

Updated address, contact and mission details of the Permanent Mission of Japan to the International Organizations in Vienna, Austria (Ständige Vertretung Japans bei den Internationalen Organisationen in Wien), including its priorities in the nine international organizations where the Permanent Mission of Japan (PMJ) is engaged.

March 12, 2018

Embassy of Japan in Vienna, Austria

Updated address and contact details of the Embassy of Japan in Vienna, Austria (Japanische Botschaft in Wien, Österreich), including Department of Politics and Economics, Consular Department and Public and Cultural Relations Department / Japanese Information and Culture Centre.

March 12, 2018

Annual Report of the European Commission: How did Austria do?

The European Commission presented its annual reports on 27 EU member states. How did Austria do? Well, it kinda ended up with a black eye. The report took a pop at Vienna for a number of structural shortcomings, including tax burden on labour, pension and healthcare expenditures, house prices, restrictive regulation in the services markets, stagnating productivity and and not enough action on spreading digital technologies. That isn’t a particularly good report card for the previous coalition government of ÖVP und SPÖ. Let’s see if the new coalition government of ÖVP und FPÖ can make the grade the next time around.

March 11, 2018

Extremism-Gate: Special Session of Austrian National Council Convened

The somewhat opaque events surrounding the house search of the Federal Office for the Protection of the Constitution and Counter-Terrorism (BVT) are now making political waves. It is deeply disturbing that a unit, which in itself is not responsible for this, is supposed to have carried out the house search at the BVT and allegedly took highly sensitive intelligence information with it. The matter stinks to high heaven. The Austrian opposition has convened the National Council. The parties SPÖ, NEOS and Liste Pilz (LP) demand that Interior Minister Herbert Kickl (FPÖ) provides a complete explanation.

March 9, 2018

ATX: AT&S and FACC to Join, Agrana and Zumtobel to be Removed

The ATX index composition of the Vienna Stock Exchange has been reviewed on its quarterly basis. FACC AG will be joining ATX for the first time since it became exchange-listed. AT&S AG will rejoin. Agrana and Zumtobel will be removed. Decisions on additions and removals to the index are based on average daily trading volumes and the free float capitalization of companies.

March 9, 2018

Borealis: Yearly Financial Report 2017

Borealis AG is declaring the following financial reports below-

March 9, 2018

Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan

An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.

March 8, 2018

Man Ray at the Kunstforum Wien: "To Create is Divine, to Reproduce is Human"

Until 24 June 2018, the Kunstforum Wien is showing the exhibition "Man Ray", which portrays the significant painter and photographer Man Ray (born Emmanuel Radnitzky) in a selection of 150 key works from all over the world.

March 8, 2018

IAEA Staff Association Ball 2018 Review: Colours of Africa

Recently, the IAEA Staff Association Ball 2018 took place in the halls of the Vienna Hofburg. Many international guests came together under the motto "Colors of Africa". A great multicultural ball with fantastic dancefloors from ballroom to latin to disco. A glittering and happy end to the 2018 ball season.

March 7, 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