Newsletter: Golan Heights Ambush - Deadly Neutrality

Update of Austria's Probe of UN Golan Troops Over Deaths of Syrians

International

According to media reports, the video, which shows the fatal incident in September 2012 on the Golan Heights, when Austrian blue helmet soldiers sent 9 Syrian security forces into a deadly ambush, was used as a "training film". In parallel with these reports, the former Defence Minister points out that the start of the Syrian Civil War has removed the basis of the UN mandate, which should focus exclusively on monitoring the ceasefire between Syria and Israel.

OMV Receives Political Support for €1.3 Billion Purchase of Two UAE Oil Fields

An economic delegation led by Federal Chancellor Sebastian Kurz, with the participation of Margarete Schramböck, Minister of Economic Affairs, OMV CEO Rainer Seele and a small delegation had the main objective of supporting OMV in the concession agreement for the acquisition of a 20% stake in two fields offshore Abu Dhabi from ADNOC.

Vienna's Attractiveness as a Location for Business Continues to Grow

For the sixth year in a row, Vienna recorded the highest number of companies settling in the city. After Vienna had already achieved a record figure in the previous year with 178 international new additions, this was again exceeded last year with 191 new companies, which is an increase of 13%. These business establishments together are responsible for investments totalling €537 million and 1,087 new jobs. There are 344 new foreign invested businesses throughout Austria. German companies remain the number one investors in Austria.

Takeover of Serbian Sugar Producer Sunoko by Agrana on Hold

The takeover of the Serbian sugar manufacturer Sunoko by the Austrian sugar, starch and fruit manufacturer Agrana has failed due to problems on the European sugar market.

Meet Vienna's New Mayor Dr. Michael Ludwig

Michael Ludwig is a Viennese politician, member of the SPÖ, and since a battle vote in January 2018 against Andreas Schieder the designated mayor respectively state governor of Vienna and the state party chairman of the SPÖ Vienna. On 24 May 2018 he will take up his new position as successor to Michael Häupl.

Hongkong Holding Company Completes Acquisition of Majority Stake in Austrian Lingerie Brand Wolford

Following the acquisition of 50.87% of the shares (for at least €36M) from the previous majority shareholders, Fosun Industrial Holdings Limited (Hong Kong Central) is now the new main shareholder of Wolford. The Hongkong financial investor, which is the investment vehicle of Shanghai based Fosun Group, systematically invests in the global fashion and consumer goods industry, and the management of its growing portfolio in the fashion sector was recently put in the hands of Fosun Fashion Group, which holds stakes in the German Tom Tailor Group and the French luxury brand Lanvin, amongst other holdings

New Forum for Deepening German-Austrian Relations: Österreichisch-Deutsches Länderforum

Recently the Österreichisch-Deutsches Länderforum e.V. was founded in Vienna by Dr. Harald Wögerbauer with the intention of offering a platform for deepening German-Austrian relations.

Meet the Ambassador of the Principality of Liechtenstein to Austria: H.S.H. Maria-Pia Kothbauer, Princess of Liechtenstein

Her Serene Highness Maria-Pia Kothbauer, Princess of Liechtenstein is the Ambassador Extraordinary and Plenipotentiary of the Principality of Liechtenstein to Austria and the Czech Republic. She also serves as Liechtenstein's Permanent Representative to the OSCE and to the United Nations. She would explain the country of Liechtenstein to a stranger as follows: "One of Austria's eight neighbours, closely related to Vorarlberg in terms of landscape and character, a German-speaking constitutional hereditary monarchy with a highly-developed system of direct democracy, economically liberal, business-friendly and innovative, simultaneously urban and rural, debt-free, a country with a very high quality of life."

OMV Group Report Q1 2018: Profit Down 43%, Production Up 30%

Adjusted operating profit amounted to EUR 818 million, up 2% year-on-year. Net income was also in line with forecasts, although net income for the period fell by 43% year-on-year. One of two key events was the signing of a concession agreement for the acquisition of a 20% stake in two fields offshore Abu Dhabi from ADNOC, as well as two satellite fields. The agreed participation fee amounts to USD 1.5 bn and the duration of the contract is 40 years.

Teddy Kollek Exhibition at the Jewish Museum Vienna

Teddy Kollek, who grew up in Vienna, and as mayor of Jerusalem for nearly three decades did more to build and develop the city as Israel’s primary city than any other figure while still seeking to meet the needs of its Arab residents, died in 2007 in Jerusalem. The Jewish Museum in Vienna is showing a retrospective entitled "Teddy Kollek - The Viennese Mayor of Jerusalem".

Aristocratic Wertheim Palace in New Splendour

The Ring-Road Palace Wertheim (Palais Wertheim) presents itself as a new full service event location in the First District of Vienna. The Palace Wertheim was built in 1868 by Heinrich Ferstel for the tycoon Franz Ritter von Wertheim. On a total area of more than 1.000m² and 6 meters room height three impressive halls with different design variations are available. The palace became known primarily through the opening of the first and thus oldest McDonald’s branch in Vienna, which still exists at present.