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Latest News

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

The Window of Opportunity for the Western Balkans

Will the Western Balkan countries be able to take advantage of the moment and will it bring the year 2018 closer to the European Union? 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. 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. This year represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making the enlargement perspective realistic for 2025.

April 26, 2018

Raiffeisen Centrobank: Yearly Financial Report 2017

Raiffeisen Centrobank AG is declaring the following financial reports below.

April 26, 2018

What does the Vienna-based ICMPD and its Director General Michael Spindelegger do?

The International Centre for Migration Policy Development (ICMPD) was founded in 1993 in Vienna on the initiative of Austria and Switzerland with the aim of making migration and mobility of people orderly, safe and regular, including through the implementation of planned and well managed migration policies. The aim is to counteract the often short-term thinking of governments so that sustainable solutions can be found and implemented in the medium and long term to combat and overcome the migration crisis. From this point of view, the tasks of the ICMPD have become extremely topical and important due to the refugee crisis.

April 26, 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

Keith Haring at the Albertina: The Alphabet

To mark the 60th birthday of the American artist, who died at the age of 32, the Albertina is showing a large-scale exhibition of 100 internationally sourced works. The special focus will be on the one-of-a-kind symbolic language that is present throughout Haring's oeuvre as an artistic alphabet of sorts.

April 25, 2018

Austria Participates in World EXPO 2020 Dubai Investing €16.5 Mln

Austria's participation agreement for the World Expo 2020 from 20 October 2020 to 10 April 2021 in Dubai has been signed by Government Commissioner Beatrix Karl as part of the "Austria Connect Gulf 2018" event of the WKO Foreign Trade Center (Außenwirtschaftscenter).

April 25, 2018

Goals for Austria's Presidency of the Council of the European Union

On 1 July 2018, Austria will take over the Presidency of the Council of the European Union from Bulgaria. During its Presidency of the Council of the European Union (1 July to 31 December 2018), guided by the motto "A Europe that protects", Austria will focus on three key areas: security and the fight against illegal migration, retaining competitiveness through digitalisation, and stability in the neighbouring regions (particularly the accession of the Western Balkans to the EU).

April 25, 2018

International Congresses: Vienna Worldwide Number Two - UN Events Contribute 7% of Conference Nights

The Vienna meetings industry progresses from record to record. With 186 meetings, Vienna remains behind Paris with 196 meetings, number 2 in the Worldwide Ranking of the ICCA (International Congress and Convention Association). In the year prior to that, Vienna was still in fifth place. The proportion of congresses that can be allocated exclusively to the United Nations is enormous and accounts for around 7% of overnight stays.

April 24, 2018

Agrana: Dividend Proposal of € 4.50 Per Share for the 2017|18 Financial Year

The Management Board of Agrana has decided to propose a dividend payout in the amount of EUR 4.50 per share for the 2017|18 financial year (dividend for 2016|17: EUR 4.00 per share) to the 31st Annual General Meeting to be held on 6 July 2018.

April 24, 2018

Eurozone Finance Ministers Welcome Austria's Budgetary Plans

The 19 members of the Eurozone welcome Austria's submission of an updated draft budgetary plan for 2018.

April 24, 2018

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

Doppelmayr to Build Cable Liner at London Airport

At London Luton Airport, Doppelmayr is building a cable car almost two kilometers long with a capacity of 2,720 passengers per hour and per route. This makes Luton Airport the second airport project in the UK after Birmingham for Doppelmayr. The Cable Liner is scheduled to go into operation in April 2021. Doppelmayr does not give details of the project turnover.

April 23, 2018

The AMBASSY for Ambassadors

In Vienna's embassy district, surrounded by over thirty diplomatic missions, an interesting urban residential object is being created in three lifestyle categories, "The Ambassy Parkside Living".

April 23, 2018 · Sponsored Content

Presentation of the First Ari Rath Prize for Critical Journalism

Journalist Alexandra Föderl-Schmid will be awarded the First Ari-Rath Prize for Critical Journalism on 3 May 2018, the Day of Freedom of the Press. This prize was established to honour journalists who have rendered outstanding services to critical reporting on immigration, expulsion and asylum, committed to respect for human rights, in the spirit of the former editor-in-chief of the Jerusalem Post, who died in January 2017.

April 23, 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

Toys "R" Us in Austria Gets Northern Irish Owner

The Northern Irish toy dealer Smyths Toys takes over the 15 Toys "R" Us toy stores in Austria.

April 23, 2018

A Competitive Classical Summer Stage for the World's Capital of Opera

The Danube Arena, a huge summer stage for classical concerts, opera and operetta, is reportedly to be built on the banks of the Danube in the middle of Vienna. The aim is to compete with the big summer venues Bregenz, Mörbisch and Salzburg and to give tourists and locals the chance to enjoy classical music even in summer (during the summer breaks of the established venues).

April 20, 2018

Austria Center Vienna Unveils Largest Modernization Concept in Its History

Austria's largest congress centre, the Austria Center Vienna, recently presented its modernisation concept until 2022. This will make completely new event formats possible and at the same time make the space around the house more attractive to the public. This is the largest construction project in the company's 30-year history.

April 20, 2018

Austrian Financial Market Authority Is Pleased With Whistle-Blowing System

In 2017 whistleblowers made 158 tip-offs regarding misconduct in the Austrian financial market. The FMA has been operating a special IT-based whistleblowing system since 1 February 2014 that allows the anonymous receipt of confidential information about possible instances of malpractice in supervised entities. FMA Executive Board: “Our whistle-blowing system is an important source of information for the FMA.”

April 20, 2018

Soros's Central European University is to Remain in Budapest

The Central European University (CEU) donated by US billionaire George Soros does not plan to move to Berlin or Vienna, but expects the Hungarian government to sign the agreement with the State of New York as soon as possible so that the CEU can remain in Budapest.

April 20, 2018 · Updated: April 20, 2018; 19:10

Immigon Portfolioabbau AG: Yearly Financial Report 2017

immigon portfolioabbau ag is declaring the following financial reports below.

April 20, 2018

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

Austrian Minister of Education Demands Clarification from Islamic Community

In connection with the affair over children as soldiers playing war games in a Viennese mosque, Minister Blümel demands further information and clarification of the incidents from the Islamic Religious Community in Austria (IGGÖ - Islamische Glaubensgemeinschaft in Österreich).

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.

April 19, 2018

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.

April 19, 2018

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.

April 19, 2018

C-Quadrat Streamlines Corporate Group Structure

C-Quadrat plans to spin off the business operations of C-Quadrat Wealth Management GmbH (formerly: C-Quadrat Kapitalanlage AG) to ARTS Asset Management GmbH, in which the company holds a 45% stake. In return, societal profit participation rights ("sozietäre Genussrechte") will be granted to the company instead of additional company shares.

April 19, 2018

Meet the Ambassador of the Republic of Ecuador to Austria: H.E. Mr. Carlos Alberto Játiva Naranjo

The new Ambassador of the Republic of Ecuador to Austria H.E. Mr. Carlos Alberto Játiva Naranjo presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of the Republic of Iraq to Austria: H.E. Mr. Jabir Habeb Jabir Hemaidawi

The new Ambassador of the Republic of Iraq to Austria: H.E. Mr. Jabir Habeb Jabir Hemaidawi presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of Malaysia to Austria: H.E. Dato’ Ganeson A/L Sivagurunathan

The new Ambassador of Malaysia to Austria H.E. Dato’ Ganeson A/L Sivagurunathan presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of the Sovereign Military Order of Malta to Austria: H.E. Sebastian Prinz von Schoenaich-Carolath

The new Ambassador of the Sovereign Military Order of Malta (Souveräner Malteser Ritterorden) to Austria H.E. Sebastian Prinz von Schoenaich-Carolath presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of the Czech Republic to Austria: H.E. Ms. Ivana Cervenková

The new Ambassador of the Czech Republic to Austria H.E. Dr. Ivana Cervenková presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

April 16, 2018 · Updated: September 18, 2018; 12:10

Meet the Ambassador of the Kingdom of Norway to Austria: H.E. Ms. Kjersti Ertresvaag Andersen

The new Ambassador of the Kingdom of Norway to Austria H.E. Ms. Kjersti Ertresvaag Andersen presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of Montenegro to Austria: H.E. Mr. Zeljko Perovic

The new Ambassador of Montenegro to Austria Mr. Zeljko Perovic presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Palfinger: Andreas Klauser Appointed New CEO

The Supervisory Board of Palfinger AG concluded its search for a new CEO. Andreas Klauser (53), an accomplished top manager with international experience, who is currently the Global Brand President of Case IH and STEYR as well as member of the Group Executive Council of CNH Industrial, has been chosen to fill the position. He has more than 25 years of experience in the area of agricultural machinery and commercial vehicles.

April 16, 2018

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

OMV: Yearly Financial Report 2017

OMV Aktiengesellschaft is declaring the following financial reports below.

April 12, 2018

UNIQA: Yearly Financial Report 2017

UNIQA Insurance Group AG is declaring the following financial reports below.

April 12, 2018

Lenzing Resolves to Increase Special Dividend to EUR 2.00 Per Share

This year's Annual General Meeting of Lenzing AG resolved today, Thursday, April 12, 2018, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2017 financial year (compared to EUR 4.20 per share in the previous year). The dividend payment is scheduled to take place on April 18, 2018, whereas ex-dividend day is on April 16, 2018.

April 12, 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