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Luxury Villa Becomes Wellness Hotel: Benko Family Leaves Estate in Igls
Following the insolvency of Signa and the imprisonment of company founder René Benko, his family is leaving the luxury villa in Igls. The property is to be converted into a wellness hotel. Meanwhile, a court ruling makes new headlines in the Benko case.
March 9, 2025
Vienna Plan 2035: Urban Development Without New Building Areas
The new Urban Development Plan 2035, known as the “Vienna Plan”, has been officially presented. It sets out the framework for the city's spatial development in the coming years and takes particular account of the forecast population growth. One decision in particular is surprising: No new large urban development areas are planned for the time being and the focus will be on sustainability and climate protection.
March 6, 2025
Meet the Ambassador of the Republic of Türkiye to the Republic of Austria
With the appointment of Dr. Gürsel Dönmez as the new Ambassador of the Republic of Türkiye to Austria, an experienced political associate of Erdogan takes up his post in Vienna. He presented his credentials to Federal President Alexander Van der Bellen and officially began his mission in Austria.
March 6, 2025
Austrian Airlines Reports Weaker Result Despite Passenger Growth
Austrian Airlines (AUA) was able to increase its passenger numbers, the number of flights, and revenue by five percent in 2024. Nevertheless, the airline recorded a significant decline in its adjusted operating result (Adjusted EBIT), which fell by 40 percent to EUR 76 million. The Lufthansa subsidiary explained this with special one-off effects such as strikes in the first quarter and high costs as a result of geopolitical developments.
March 6, 2025
WIKAM 2025: A Celebration of Art in the Heart of Vienna
The Vienna International Art and Antiques Fair (WIKAM) will again open its doors at the historic Palais Ferstel from March 8 to 16, 2025. As one of Austria's most renowned art fairs, it offers art lovers and collectors an exquisite selection of works ranging from classical to modern art.
March 6, 2025 · Sponsored Content
Austrian Government Program Promoting Researchers: Universities Between Approval and Criticism
The new government program presented by the ÖVP, SPÖ, and NEOS has caused mixed reactions in the science and higher education community. While the research community is positive about the plans to strengthen research funding and innovation promotion, universities are warning of problematic changes to the higher education sector.
March 5, 2025
Austria's Real Estate Market Continues to Weaken: Hope for Recovery in 2025
Economic uncertainty, high interest rates, and strict lending guidelines also left their mark on the Austrian real estate market in 2024. While prices and transaction volumes fell in some federal states, Vienna recorded growth. Experts see opportunities for a recovery in the coming year.
March 5, 2025
Austria Suspends Family Reunification for Asylum Seekers: Interior Minister Karner Informs the EU
The Austrian federal government is temporarily suspending family reunification for asylum seekers. Interior Minister Gerhard Karner (ÖVP) presented the plan at a meeting with his EU counterparts in Brussels and submitted a corresponding letter to the European Commission. The measure, which was laid down in the government agreement between the ÖVP, SPÖ, and NEOS, is causing heated debate.
March 5, 2025
New Economics Minister Hattmannsdorfer Against the Deindustrialization of Austria and Europe
Dr. Wolfgang Hattmannsdorfer (ÖVP) sent out a signal for the importance of industry in Austria with his first official company visit as Minister of Economic Affairs. The trip took him to his hometown of Linz to voestalpine, where he emphasized that the business location is facing decisive challenges. The new minister assured that “the stop button for industrial migration” would be pressed with the new government program.
March 5, 2025
Beate Meinl-Reisinger: Austria's New Voice in World Politics
The inauguration of Beate Meinl-Reisinger as Federal Minister for European and International Affairs marks the beginning of a new era in Austrian foreign policy. The long-time NEOS leader takes over the prestigious ministerial office in the newly formed federal government under Chancellor Christian Stocker (ÖVP). This government formation also marks a historic first: for the first time in Austria's history, the liberal NEOS party is represented in the federal government.
March 4, 2025
Alexander Schallenberg's Farewell from Politics: “There Can not be a Perpetrator-Victim Reversal”
After almost six years in government, Foreign Minister and two-time interim chancellor Alexander Schallenberg (ÖVP) is leaving the political stage. In a farewell interview, he talks about his time in office, the geopolitical challenges under Donald Trump, and his plans for the future.
March 4, 2025
Richard Cockett on Vienna as the Center of the “Scientific Worldview” - A Legacy in Danger?
Vienna was once a center of groundbreaking ideas. In his lecture at ISTA, Dr. Richard Cockett, historian, and economist-journalist, sheds light on how the city shaped science, philosophy, and art - and why its legacy is more important than ever today.
March 4, 2025
UN in Vienna Warns: Europe Poorly Prepared for Dangerous Synthetic Drugs
The rapid spread of synthetic drugs poses a growing threat to public health and is fundamentally changing global drug black markets. The United Nations International Narcotics Control Board (INCB) in Vienna warns in its latest annual report that Europe is ill-prepared for this danger and that a coordinated, determined strategy is needed to combat the threat.
March 4, 2025
A New Chapter for Austria: The Faces of the Federal Government 2025
The inauguration of the new federal government marks the beginning of a new era in Austrian politics. For the first time, a three-party coalition of the ÖVP, SPÖ, and NEOS, led by Federal Chancellor Christian Stocker (ÖVP), is in power. He is joined by Vice-Chancellor Andreas Babler (SPÖ) and Foreign Minister Beate Meinl-Reisinger (NEOS). The new government has 21 members in total. But who are the people who will steer the country's destiny in the coming years?
March 3, 2025
Austria's New Federal Government Sworn In: A Coalition of Compromises
After a historic five-month struggle to form a government, Chancellor Christian Stocker (ÖVP), Vice-Chancellor Andreas Babler (SPÖ), and Foreign Minister Beate Meinl-Reisinger (NEOS) were sworn in together with their ministerial teams by Federal President Alexander Van der Bellen in Vienna's Hofburg Palace. The coalition, which seems unusual at first glance, promises a pragmatic approach, but key points of contention have been postponed for the time being.
March 3, 2025
Trump Appoints Real Estate Agent Arthur Graham Fisher as New US Ambassador to Austria
Before taking office, US President-elect Donald Trump announced the appointment of Arthur Graham Fisher as the new US ambassador to Austria. Fisher, a successful real estate agent from North Carolina, is primarily known for his work in the real estate industry and has no diplomatic experience. The appointment has therefore provoked mixed reactions.
March 3, 2025
New General Manager at Park Hyatt Vienna: Bastian Baumann Takes Over the Luxury Hotel
The renowned Park Hyatt Vienna will have a new General Manager from the beginning of 2025: Styrian-born Bastian Baumann will take over the management of the luxury hotel, bringing with him an impressive international career. After several positions in the Middle East, Asia, and Europe, he is now returning to Austria to lead the Hotel am Hof into the future with fresh ideas and a clear focus on the highest quality of service.
March 3, 2025
Taiwan Representation in Vienna Calls for International Support against Beijing's Isolation Tactics
Taiwan is under constant pressure from China. In addition to threatening military gestures, Beijing is increasingly relying on hybrid warfare to isolate the island republic internationally. A recent incident in which a Chinese ship is believed to have severed an undersea cable between Taiwan and the Penghu Islands highlights the vulnerability of the global communications infrastructure.
February 28, 2025
Glitter, Waltzes and Celebrities: The Vienna Opera Ball 2025 as a Social Highlight
The Vienna State Opera was again transformed into a magnificent ballroom and offered over 5,000 guests a glittering ball night that lasted until the early morning hours. This year, the Vienna Opera Ball 2025 was dedicated to the 200th birthday of Johann Strauss, the “Waltz King”, and offered a glamorous mix of top-class artistic performances, celebrity guests, and festive elegance.
February 28, 2025
Austria Secures EU Approval for First European Chips Act Project
The European Commission has granted funding for a state-of-the-art semiconductor production facility by Austrian manufacturer ams OSRAM AG in Premstätten, Styria. With a total investment of €567 million, including up to €227 million in government support, the project aims to enhance Europe’s technological resilience and supply chain security.
February 25, 2025
OSCE Secretary General Reaffirms Support for Ukraine During Kyiv Visit
The Secretary General of the Organization for Security and Co-operation in Europe (OSCE), Feridun H. Sinirlioğlu, recently visited Kyiv to reaffirm the organization's commitment to supporting Ukraine amid the ongoing war. Over the course of his two-day visit, he held high-level discussions with Ukrainian officials, emphasizing the urgent need for peace and the OSCE’s role in addressing the humanitarian and security challenges facing the country.
February 25, 2025
Russia's Ambassador to Austria Dmitry Lyubinsky Calls for New Security Architecture for Europe
In a recently published article, the Russian ambassador to Austria, Dmitry Lyubinsky, sharply criticized Western reporting on the Ukraine conflict and emphasized the need for sustainable peace solutions. But to what extent do his statements stand up to critical scrutiny?
February 25, 2025
Reclaiming Undisclosed Portfolio Commissions: Erste Bank and Sparkassen Reach Agreement with the VKI
Banks have collected so-called trailer fees when brokering fund products - without disclosing these payments to customers. However, according to the current legal situation, such “kick-back payments” are not permitted if they are not made transparent. After lengthy negotiations, the Association for Consumer Information (VKI) has now agreed with Erste Bank Österreich and the savings banks: Those affected can receive a refund.
February 25, 2025
EU Foreign Affairs Council: Schallenberg Addresses Ukraine and Global Challenges
Austrian Chancellor and Foreign Minister Alexander Schallenberg joined his EU counterparts at the EU Foreign Affairs Council to discuss pressing geopolitical issues, reaffirming solidarity with Ukraine, assessing developments in the Middle East, and reviewing strategies for stability in Syria and the Democratic Republic of the Congo.
February 24, 2025
Three Years of Resistance: Ukraine’s Call for Global Support in Vienna
As the world marks three years since the start of the large-scale conflict in Ukraine, discussions on global engagement and support remain highly relevant. The "March of Light 2025" in Vienna aims to acknowledge the ongoing situation and provide a platform for those who wish to express solidarity. This article explores the significance of the gathering, its symbolic aspects, and its broader implications for international cooperation and stability.
February 24, 2025
Chinese Ambassador Qi Mei Visited Styria: Deepening Bilateral Relations
The Chinese ambassador to Austria, Qi Mei, paid a working visit to Styria. Her visit focused on meetings with Governor Mario Kunasek and Provincial Parliament President Gerald Deutschmann, during which the positive developments in Styrian-Chinese relations.
February 24, 2025
Rise in Corporate Insolvencies in Austria Reaches New High
The tense economic situation led to a significant increase in corporate insolvencies in Austria in 2024. According to the latest data from Creditreform, around 6,700 company bankruptcies were recorded, an increase of 22% compared to the previous year.
February 24, 2025
Austria Strengthens Commitment to IAEA in Tackling Nuclear Security Challenges
Austrian Chancellor and Foreign Minister Alexander Schallenberg met with Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), to discuss pressing global nuclear issues. Their talks covered Iran’s nuclear program, security risks in Ukraine, and the IAEA’s role in international disarmament efforts.
February 23, 2025
Schallenberg Reaffirms Strong Support for Ukraine on War’s Third Anniversary
On the third anniversary of Russia’s invasion of Ukraine, Austrian Chancellor and Foreign Minister Alexander Schallenberg underscored Austria’s unwavering support for Ukraine. During a visit to the Ukrainian Saturday School in Vienna, he expressed solidarity with the Ukrainian community and reiterated Austria’s commitment to Ukraine’s sovereignty.
February 23, 2025
Austria’s Researchers Stand out in Innovation and Commercialization of Scientific Discoveries
Austria's research community continues to stand out in Europe, excelling not only in fundamental scientific discoveries but also in successfully bringing innovations to market. A recent analysis by the European Research Council (ERC) highlights the ability of Austrian scientists to commercialize their patented inventions, often through licensing agreements or the establishment of startups.
February 23, 2025
Financial Police Operations at the Hahnenkamm Race Lead to Significant Fines
The annual Hahnenkamm race in Kitzbühel is not only a major sporting event but also a key economic driver for the region. Alongside the excitement on the slopes, Austrian authorities carry out strict regulatory checks to ensure compliance with tax and labor laws. This year, the Financial Police, part of the Office for Fraud Prevention, conducted extensive inspections targeting various businesses involved in the event.
February 23, 2025
ÖVP and SPÖ Achieve Breakthrough in Budget Negotiations
In the ongoing coalition talks between the Austrian People's Party (ÖVP) and the Social Democratic Party of Austria (SPÖ) without a mandate to form a government, a significant agreement has apparently been reached. According to several media reports, the two parties have been able to agree on a joint budget for the coming years. Official confirmation is still pending, but there are increasing signs that the negotiations are entering the home straight.
February 20, 2025
Future of KTM and Pierer Industrie AG on the Brink
The coming days could be decisive for the renowned Austrian motorcycle manufacturer KTM and its parent company, Pierer Industrie AG. While KTM wants to secure its future with a comprehensive restructuring plan, Pierer Industrie AG faces a groundbreaking creditor decision as part of a restructuring procedure applied for the first time in Austria. In addition, geopolitical factors and global economic developments play a key role in the continued existence of the Group.
February 20, 2025
Austrian National Council President Discusses Ukraine Crisis with Deputy Chairwoman of the Verkhovna Rada
Ahead of the winter session of the OSCE Parliamentary Assembly, Austrian National Council President Walter Rosenkranz met with Olena Kondratiuk, Deputy Chairwoman of the Verkhovna Rada of Ukraine, to discuss the ongoing war in Ukraine and Austria’s humanitarian assistance. The meeting focused on the broader implications of Russian aggression, Austria’s role in supporting Ukraine within the limits of its neutrality, and the challenges of post-war reconstruction.
February 19, 2025
Increase in Naturalizations in Austria in 2024
In 2024, Austria recorded a notable rise in naturalizations, with 21,891 individuals acquiring citizenship. This represents an increase of 9.8% compared to the previous year, reversing the decline observed in 2023.
February 19, 2025
German Election and AfD in the Wake of a Donation Scandal from Austria
The German parliamentary elections are approaching, and yet another donation scandal is rocking the Alternative for Germany (AfD). The focus is on millions of euros that are said to have flowed from Austria - in some cases in a questionable manner. While the Austrian authorities are investigating the suspicion of money laundering, the question arises as to what extent actors from the Alpine country are influencing the German election campaign.
February 19, 2025
Brunner Meets Meloni: Talks on Returns and Asylum Centers in Albania
EU Commissioner for Migration Magnus Brunner (ÖVP) has met Italian Prime Minister Giorgia Meloni in Rome for an intensive exchange on current migration issues. It was Brunner's first visit to Italy since his appointment as EU Commissioner for Migration.
February 19, 2025
Austrian Retail Sector Shows Resilience Amid Economic Challenges
Despite ongoing economic uncertainty and cautious consumer spending, Austria’s retail sector has demonstrated stability and moderate growth. According to the latest WIFO & HV Economic Report, the sector achieved a nominal sales increase of 2.7% in 2024, closely matching previous forecasts. While inflationary pressures have eased in some areas, rising energy costs and declining consumer confidence continue to shape spending behavior.
February 18, 2025
ÖBB and Federation of Austrian Industries Demand 500 billion Euros from Brussels for European Rail Expansion
In a joint initiative, the CEO of the Austrian Federal Railways (ÖBB), Andreas Matthä, and the Chief Economist of the Federation of Austrian Industries (IV), Christian Helmenstein, have called on the European Union to invest around 500 billion euros in the modernization and expansion of rail infrastructure by 2030. This appeal was presented to MEPs in Brussels.
February 18, 2025
Citizens' Initiative Calls for an Austrian State Bitcoin Reserve
A new Citizens' initiative is causing a stir in Austria: A group of Bitcoin enthusiasts is calling for establishing a state Bitcoin reserve worth 2.3 billion euros. The initiators see this as a strategic hedge against inflation and an opportunity to achieve financial independence for the country. However, the project is not without controversy.
February 18, 2025
Strengthening Cultural Education: New Collaborations Between Schools and Cultural Institutions
Cultural education plays a crucial role in shaping young minds, fostering creativity, and encouraging new ways of thinking. In Austria, the "culture connected" initiative is helping to bridge the gap between schools and the arts by supporting innovative collaborations between educational institutions and cultural organizations.
February 18, 2025
Oligarchs and Their Real Estate: How Effectively Is Austria Implementing the Russia Sanctions?
Almost three years after Russia's invasion of Ukraine, experts and politicians are puzzled as to how seriously Austria is implementing the EU sanctions against Russian oligarchs. Research shows that only nine properties have been frozen in this country, while other EU states are more transparent with their measures and enforce them more strictly.
February 17, 2025
Embassy of Kosovo in Vienna Celebrates Independence Through Literature
The Albanian Writers and Creators Association in Austria, "Aleksandër Moisiu," recently hosted a literary event in Vienna to celebrate the anniversary of Kosovo’s independence. Organized in cooperation with the Embassy of Kosovo, the gathering brought together diplomats, writers, and literary enthusiasts to highlight the role of literature in preserving cultural identity and fostering connections within the Albanian diaspora.
February 17, 2025
EAVISTA Takes Over card complete: Bank Austria and RBI Sell Their Shares
The Austrian credit card company card complete Service Bank AG has a new majority shareholder. UniCredit Bank Austria and Raiffeisen Bank International (RBI) have sold their shares in the company to EAVISTA Beteiligungsverwaltungs GmbH.
February 17, 2025
Deadly Knife Attack in Villach: 14-Year-Old Killed, Five Injured
A shocking knife attack in Villach, Austria, has left a 14-year-old boy dead and five others injured. The attack, which occurred on the afternoon of February 15, was carried out by a 23-year-old Syrian man who, according to authorities, may have been radicalized through online platforms.
February 17, 2025
OSCE Special Representative Visits Moldova for the Settlement Process of the Transnistrian Conflict
The OSCE Chairmanship's Special Representative for the Transnistria Conflict, Ambassador Thomas Lenk, has made his first official visit to the Republic of Moldova. The visit aimed to assess the current status of the Transnistria conflict resolution process and to promote dialog and confidence-building measures between the parties to the conflict.
February 16, 2025
Global Migration in 2025: ICMPD Identifies Challenges and Strategies
Global migration in 2025 will be characterized by geopolitical tensions, economic uncertainty, and new political dynamics. The International Migration Outlook 2025 published by the International Center for Migration Policy Development (ICMPD) identifies key issues that will shape global migration and states' responses to it.
February 16, 2025
Austrian Customs Rescued Numerous Dogs and Cats from Smugglers
In 2024, Austrian customs officials rescued 138 dogs and cats from smugglers, marking a record high compared to previous years. The majority of these animals, often very young puppies and kittens, were discovered in poor conditions during routine border checks.
February 16, 2025
Chancellor and Minister Schallenberg Attended Munich Security Conference
The 61st Munich Security Conference, held from February 14 to 16, 2025, served as a crucial platform for global leaders to address pressing international security challenges. Austrian Chancellor and Foreign Minister Alexander Schallenberg took part in the event, engaging in high-level discussions on key geopolitical issues, including the ongoing war in Ukraine and the escalating tensions in the Middle East.
February 16, 2025
Gas Drilling in Molln: Economic Interests vs. Nature Conservation
The debate about gas drilling in Molln in the Kirchdorf district continues to intensify. While the Australian-Austrian company ADX Energy wants to expand its exploration efforts, opposition from environmental associations and political representatives is growing. The Constitutional Court (VfGH) has now issued a ruling that could have far-reaching consequences for future drilling projects.
February 13, 2025
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