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Austria Continues Cooperation with Serbia to Combat Illegal Migration
Vienna and Belgrade are intensifying their cooperation in the fight against illegal migration and organized crime. At a meeting in Serbia, the interior ministers of both countries emphasized the importance of joint border security measures.
August 6, 2024
Hopeful Peace Deal for Gangs in Gang Violence in Vienna
In recent weeks, Vienna's streets have been rocked by violent clashes between Syrian and Chechen youth gangs. These conflicts, which were initially perceived as ethnic tensions, have thrown the city into turmoil. But now there are signs of a surprising turnaround: Representatives of both communities have published a joint statement aimed at improving cooperation.
August 6, 2024
Austria's Progress in Implementing the UN Sustainable Development Goals
As part of the "UN High-Level Political Forum on Sustainable Development", Austrian Minister for Europe Karoline Edtstadler presented the second National Implementation Report on the Sustainable Development Goals (SDG). The event, which took place in New York, offered Austria the opportunity to present its progress and efforts in the area of sustainable development.
August 5, 2024
Winners of the Austrian Art Prize 2024 Revealed
Andrea Mayer, State Secretary for Art and Culture, today announced the winners of the Austrian Art Prize and the Hans Hollein Art Prize for Architecture 2024. The awards, endowed with 20,000 euros each, honor outstanding personalities in the Austrian art and culture scene.
August 5, 2024
Introduction of a National Day of Remembrance for Roma and Sinti
The Austrian federal government took a significant step towards recognizing and remembering the Roma and Sinti murdered under National Socialism. August 2 will now be officially introduced as a national day of remembrance to honor the victims of the Holocaust and preserve their memory.
August 4, 2024
Bank Merger in Carinthia and Burgenland: New Era for Anadi Bank and Bank Burgenland
Following the sale of Anadi Bank to the Grawe Banking Group last December, further details have now been announced. Bank Burgenland will take over 42,000 customers, ten branches, and an SME and real estate loan portfolio from Anadi Bank in September and will operate as Bank Burgenland Kärnten in the future.
August 4, 2024
AIRPOWER24: Europe's Largest Airshow Takes Off in Zeltweg
On September 6 and 7, 2024, AIRPOWER24, Europe's largest airshow, will take place at Hinterstoisser Air Base in Zeltweg, Styria. The event is accompanied by an extensive program and offers numerous highlights for aviation enthusiasts of all ages.
August 4, 2024
European CSDP Offensive: Austrian Handbook Strengthens Security Cooperation in Vietnam
The Austrian Federal Ministry of Defense has published a handbook on the European Union's Common Security and Defence Policy (CSDP) since 2009. Due to its success, Austria was asked to make this work available to Asian partner states to promote security cooperation in the Indo-Pacific region.
August 4, 2024
Austria's Finance Minister Magnus Brunner Nominated as EU Commissioner
In a decision that has now been announced, the Austrian government has nominated Finance Minister Magnus Brunner (ÖVP) as the new EU Commissioner. This announcement marks the end of a long and intensive negotiation phase within the turquoise-green coalition. Brunner is to succeed Johannes Hahn and strengthen Austria's voice in the EU Commission.
July 31, 2024
OMV CEO Stern: Independence from Russian Gas and Solid Business Development
The Austrian oil and gas group OMV has taken a significant step towards energy independence. CEO Alfred Stern declared at a press conference that OMV is no longer dependent on gas supplies from Russia. This announcement marks the end of a two-year strategic realignment aimed at diversifying gas sources and transportation routes.
July 31, 2024
New Silent Villas at Therme Laa: Luxury in the Weinviertel Region
Therme Laa an der Thaya, a well-known recreational destination in Lower Austria, reached a new milestone. With the ceremonial opening of the ten new “Silent Villas”, the thermal spa is expanding its offer with an exclusive retreat for adults. The ceremony was attended by numerous representatives from tourism, business, and politics, including Governor Johanna Mikl-Leitner, who emphasized the importance of this expansion for the region.
July 31, 2024
International Headquarters Vienna: Economic Importance and Future Potential
A recently published study by the economic research institute WIFO on behalf of the Austrian Foreign Ministry illustrates the significant financial impact of international organizations in Austria.
July 31, 2024
Austrian Forum for Peace 2024: Insights and Outlook for a Peaceful Future
The Austrian Center for Peace (ACP) presented the results of the second Austrian Forum for Peace, which took place at Friedensburg Schlaining in early July.
July 29, 2024
ECJ Confirms Legality of AUA Rescue Against RyanAir and Laudamotion
In a significant ruling, the European Court of Justice (ECJ) has confirmed the legality of €150 million in state aid to Austrian Airlines (AUA) during the COVID-19 pandemic. This ruling marks the conclusion of a legal dispute brought by the low-cost airlines Ryanair and Laudamotion against the approval of this aid by the EU Commission.
July 29, 2024
Algeria, Slovakia and Austria Deepen Economic Relations
A working meeting was held at the Imperial Hotel Vienna, organized by the Algerian Embassy in Austria and Slovakia with the support of the Austro-Arab Chamber of Commerce (AACC).
July 29, 2024
North Macedonia and Austria Strengthen Bilateral Cooperation and Economic Partnership
Austria and North Macedonia have further deepened their close relations in a diplomatic meeting. Austrian Foreign Minister Alexander Schallenberg and his North Macedonian counterpart Timčo Mucunski met in Vienna to discuss various topics, including economic cooperation, migration, security, and EU enlargement.
July 28, 2024
Salzburg Summit: Europe's Challenge in the Global Economy
The Salzburg Summit 2024 provided a platform for discussions on the pressing economic and political challenges facing Europe. One of the central debates revolved around the tense relationship with the major economic power China and the resulting impact on European competitiveness.
July 25, 2024
Signa Group in Crisis: Saudi Arabian Sovereign Wealth Fund Seeks Complete Takeover of Selfridges
The economic turbulence surrounding the Austrian Signa Group has taken a new turn: The Saudi sovereign wealth fund Public Investment Fund (PIF) is planning a complete takeover of the renowned British department store Selfridges. This announcement comes at a time when Signa, under the leadership of founder René Benko, is facing significant financial challenges.
July 25, 2024
Focus on Austria: EU Commission Launches Four Infringement Proceedings
The European Commission has today launched four new infringement proceedings against Austria as part of its monthly package of measures against Member States. The proceedings concern critical areas such as the environment, banking, and transport and underline the need to correctly implement European directives.
July 25, 2024
EU Rule of Law Report: Clear Criticism of Austria and Hungary
The EU Commission has sharply criticized the situation in Austria and Hungary in its latest Rule of Law Report 2024. The main focus is on political influence on the judiciary and a lack of transparency. The report, published annually since 2020, analyzes the state of the judiciary, media, and rule of law in the 27 EU member states and makes concrete recommendations for necessary reforms.
July 24, 2024
Austria Calls for a Reorientation of EU Policy Towards Syria
Austrian Foreign Minister Alexander Schallenberg is calling for a fundamental reorientation of EU policy towards Syria and is receiving support from seven of his EU colleagues from Italy, Croatia, the Czech Republic, Cyprus, Greece, Slovenia, and Slovakia.
July 23, 2024
Imfarr: Another Austrian Real Estate Developer in Insolvency
The Viennese real estate developer Imfarr Beteiligungs GmbH has applied to the Vienna Commercial Court for restructuring proceedings without self-administration. The company's liabilities amount to around 604 million euros. This affects 18 employees and around 110 creditors.
July 23, 2024
False Accusations Against Federal Police Chief Takacs in Wirecard Case Must Be Revoked by FPÖ
Austrian domestic politics recently experienced a considerable shake-up due to false accusations by the FPÖ, which claimed that Federal Police Director Michael Takacs had met with the fugitive ex-Wirecard manager Jan Marsalek on several occasions. These accusations led to legal action by Takacs, which resulted in a retraction and a cease-and-desist declaration by the FPÖ.
July 21, 2024
Vienna's Mayor Ludwig Reacts to Gang Violence in the City
In recent weeks, there has been a series of violent clashes between ethnic groups in Vienna, which have unsettled the population. The recent incident at Yppenplatz in Ottakring in particular, in which two men were seriously injured, has further exacerbated the situation. In response, Mayor Michael Ludwig has announced that the city's rapid reaction force will be increased in terms of personnel, while at the same time demanding comprehensive measures from the federal government.
July 21, 2024
Austrian National Bank Examined the Spread of Crypto Assets in Austria
Cryptocurrencies such as Bitcoin are widely known in Austria, but their actual distribution in private households remains modest. A recent study by the Austrian National Bank (OeNB) found that only 3% of the population own crypto assets. These few owners usually only hold small amounts, which rarely make up more than a third of their total financial assets.
July 16, 2024
Simpsons Cartoon Art: Unique Exhibition at the Caricature Museum Krems
To mark the 35th anniversary of the cult series “The Simpsons”, the Caricature Museum Krems is the first in Europe to present a special exhibition entitled “Here comes Bart! Simpsons Cartoon Art from the William Heeter and Kristi Correa Collection”.
July 16, 2024
Austria Among the World Leaders in Organic Viticulture
Austria is continuing its successful course in environmentally conscious viticulture and for the first time has more than 10,000 hectares of certified organic vineyards. The 10,432 hectares now correspond to around 24% of the country's total vineyard area, making Austria one of the global leaders in organic viticulture.
July 15, 2024
Twelve New Black Hawk Helicopters for the Austrian Armed Forces
The contract for the purchase of twelve UH-60M Black Hawk helicopters for the Austrian Armed Forces has been signed. This significant purchase represents an important step towards modernizing and expanding the Austrian Armed Forces' aircraft fleet.
July 15, 2024
Austria Businesses Heading for a Record Year of Bankruptcies in 2024
Austria is facing a possible record year for corporate insolvencies in 2024. The current economic situation shows a significant increase in insolvencies, especially in the first half of the year.
July 15, 2024
North Korean Agents in Vienna: A Network of Espionage and Currency Procurement
Vienna, the capital of Austria, is not only known for its high quality of life and cultural diversity but also conceals a network of espionage and illegal activities that extends to North Korea. New revelations shed light on the covert operations of the Kim regime, which cleverly uses its presence in Vienna to procure foreign currency and gather knowledge for nuclear armament.
July 11, 2024
Indian Prime Minister Modi in Vienna: A Historic Visit to Strengthen Relations
Indian Prime Minister Narendra Modi visited Austria and was officially received by Federal Chancellor Karl Nehammer. It is the first time in 41 years that an Indian Prime Minister has traveled to Austria. This year also marks the 75th anniversary of diplomatic relations between the two countries. Modi emphasized the deep bond based on shared values such as democracy and the rule of law.
July 10, 2024
Austrian Foreign Minister Schallenberg Opposes Boycott of Hungary's EU Presidency
Austrian Foreign Minister Alexander Schallenberg has firmly opposed a boycott of Hungary's EU Presidency, despite the controversial solo actions of Hungarian Prime Minister Viktor Orbán, who recently traveled to Moscow without an EU mandate. Schallenberg emphasized the importance of maintaining a professional working relationship within the EU.
July 10, 2024
Harald Vilimsky Becomes Vice President of the "Patriots for Europe" Faction in the EU Parliament
On July 8, 2024, the new faction "Patriots for Europe" was founded in the European Parliament. With 84 members from twelve countries, this group represents the third-largest faction and is led by Jordan Bardella, the chairman of the French Rassemblement National (RN).
July 9, 2024
Austria's Challenges and Successes in the OECD Report
The OECD has presented its latest country report for Austria. Every two years or so, the Organization for Economic Cooperation and Development analyses each member country as a whole and summarizes the findings of this analysis in a comprehensive report. Austrian policymakers have now taken up this report and are hotly debating it.
July 9, 2024
Politicians Debate Austrian Foreign Policy in Times of Global Change
Austrian foreign policy was the focus of a topical debate with Foreign Minister Alexander Schallenberg during the Federal Council session. Under the title "Austria's Foreign Policy in a Time of Global Change", the Federal Councillors discussed the challenges and direction of Austrian neutrality as well as the integration of the Western Balkans into the European Union.
July 8, 2024
Reorganization Proceedings of Signa Prime Selection Fail in Court for the Time Being
In a significant decision, the Vienna Higher Regional Court (OLG) upheld the appeal of the Finanzprokuratur against the trustee restructuring plan of Signa Prime Selection AG. The reorganization plan previously confirmed by the Commercial Court of Vienna was thus annulled.
July 8, 2024
Fights Over Women's and LGBTQI+ Rights at the United Nations
The UN Human Rights Council is currently engaged in heated discussions over the formulation of resolutions concerning the protection of women and LGBTQI+ persons. The UN High Commissioner for Human Rights and Austrian, Volker Türk, expressed his deep concern that established rights are increasingly being called into question.
July 7, 2024
Official Visit of Hungarian President Tamás Sulyok to Austria
The official visit of Hungarian President Tamás Sulyok to Austria began with a festive reception at the Hofburg Palace in Vienna. Federal President Alexander Van der Bellen warmly welcomed his counterpart and emphasized the long tradition of close cooperation between the two countries. The reception took place with military honors, symbolizing the deep-rooted friendship between Hungary and Austria.
July 7, 2024
Indonesian Foreign Minister in Vienna For Ratification of the Comprehensive Nuclear Test Ban Treaty and Recognition of Palestine
During her visit to Vienna, Indonesian Foreign Minister Retno Marsudi met the Executive Secretary of the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO), Dr. Robert Floyd, and her Austrian counterpart Alexander Schallenberg. Ms. Marsudi's agenda included supporting the Comprehensive Nuclear-Test-Ban Treaty (CTBT) and strengthening bilateral relations with Austria.
July 4, 2024 · Updated: July 5, 2024; 15:21
Algerian Foreign Minister Ahmed Attaf in Vienna on Close Economic Relations
Austria's Foreign Minister Alexander Schallenberg welcomed his Algerian counterpart Ahmed Attaf to Vienna for a working visit. During the talks between the two foreign ministers, particular attention was paid to the joint fight against illegal migration and the expansion of economic cooperation, especially in the field of green hydrogen.
July 4, 2024
OSCE Chairman Ian Borg Concludes Central Asia Trip: Focus on Regional Cooperation and Security
In an intensive diplomatic mission, the Chairman of the OSCE (Organization for Security and Co-operation in Europe) and Maltese Foreign and European Affairs Minister Ian Borg visited the Central Asian countries of Kazakhstan, Tajikistan, and Kyrgyzstan. The trip aimed to strengthen cooperation and emphasize the role of the OSCE in tackling regional security challenges.
July 4, 2024
Vienna Stock Exchange Reaches New All-Time High in First Half of 2024
The Vienna Stock Exchange recorded a remarkable upward trend in the first half of 2024, taking the ATX Total Return (including dividends) to a new all-time high. The leading national index surpassed its previous high of February 9, 2022 (8,251.98 points) several times and reached its most recent record of 8,566.58 points on May 21, 2024.
July 4, 2024
Salzburg Forum Ministerial Conference 2024: ICMPD at the Center of Efforts against Migration and Human Trafficking
The ministerial conference of the "Forum Salzburg" in Laxenburg took place under the leadership of the Austrian Minister of the Interior Gerhard Karner. It attracted high-ranking representatives from the Forum's member states as well as the EU Commission and various regional and EU agencies. Discussions focused on topics such as asylum and migration, the fight against people smuggling, and measures against extremism and terrorism.
July 2, 2024
25 Years of the OSCE Mission in Kosovo: An Anniversary of Success and Cooperation
The OSCE Mission in Kosovo celebrates its 25th anniversary and looks back on a quarter of a century of intensive and successful work in the service of peace, democracy, and human rights.
July 1, 2024
OSCE and OIC Intensify Cooperation: High Commissioner on National Minorities Visits Jeddah
The High Commissioner on National Minorities of the Organization for Security and Co-operation in Europe (OSCE), Kairat Abdrakhmanov, met with the Secretary General of the Organization of Islamic Cooperation (OIC), Hissein Brahim Taha, and members of his cabinet in Jeddah, Saudi Arabia. The meeting aimed to discuss concrete ways to strengthen cooperation in areas of common interest.
July 1, 2024
Economic Outlook in Austria: High Inflation and Stagnation Until 2026
The Austrian Institute of Economic Research (WIFO) has published a comprehensive analysis of economic development and inflation forecasts for Austria, covering the years 2024 to 2028. The study shows that Austria will continue to struggle with high inflation until mid-2026 before the European Central Bank's (ECB) target of two percent is reached. At the same time, the economy will not see a slight recovery until 2025.
July 1, 2024
Kuwaiti Ambassador Talal Alfassam Visits Salzburg: Deepening Bilateral Relations and Investment Opportunities
The Austro-Arab Chamber of Commerce (AACC) organized the visit of H.E. Talal Alfassam, the Ambassador of Kuwait to Austria, to Salzburg.
June 30, 2024
Kickl, Orbán, and Babiš: An Alliance for a New Right-Wing Europe
At a joint press conference in Vienna, FPÖ leader Herbert Kickl, Hungarian Prime Minister Viktor Orbán, and former Czech Prime Minister Andrej Babiš announced the formation of a new right-wing group in the European Parliament. This "patriotic" alliance is to become the largest right-wing group in the EU Parliament and aims to form a strong opposition force against the established parties.
June 30, 2024
Vienna Once Again Named the World's Most Liveable City
Vienna has done it again: for the third time in a row, the Austrian capital has been named the most liveable city in the world by the British "Economist" group. In the annual "Global Liveability Ranking", Vienna beat 172 other cities to take the top spot once again.
June 27, 2024
Austria's Progressive Stance on Cyber Operations and International Law
The United Nations Office for Disarmament Affairs published a national declaration by Austria on the application of international law to the cyber activities of states. This declaration complements a list of more than 30 national positions and comprehensively addresses issues such as state sovereignty, non-interference and due diligence, diplomatic and consular law, international humanitarian law, and neutrality.
June 27, 2024
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