Newsletter: Vienna International News

Austria in Pursuit of Compromises for the Next Government

After the 2024 National Council elections, exploratory talks between the ÖVP and SPÖ will now begin to pave the way for a new government in Austria. Federal President Alexander Van der Bellen has tasked ÖVP leader Karl Nehammer with forming a government, even though the FPÖ under Herbert Kickl received the most votes. This decision led to criticism from the FPÖ, which continues to see itself as an important player in the political process.

Magnus Brunner Pleads for Schengen Accession of Bulgaria and Romania

In a published document, the designated EU Commissioner for Migration, Magnus Brunner, has spoken out clearly in favor of Bulgaria and Romania's full admission to the Schengen area. Brunner emphasized that both countries meet all the necessary conditions for accession and called for the EU Council to abolish the remaining border controls.

Insolvency of Viennese Real Estate Developer Lukas Neugebauer and his LNR Group

Another Austrian real estate company has been hit by insolvency. Bankruptcy proceedings have now been opened at the Vienna Commercial Court over the assets of Viennese real estate developer Lukas Neugebauer and his LNR Group. The bankruptcy affects both B&R Generalunternehmer GmbH and LNR Development GmbH, two central companies in Neugebauer's real estate conglomerate. The insolvency affects 32 creditors who have claims totaling 94 million euros. The creditors have until December 30, 2024, to assert their claims.

Austria's State Security: Increasing Threat of Terrorism in Europe Since the Hamas Attack

In the last twelve months, the threat of planned terrorist attacks in Europe has increased significantly. The Directorate of State Security and Intelligence (DSN) reported a fivefold increase in the number of detected attack plans since 7 October 2023, when the Islamist terrorist organization Hamas launched a large-scale attack on Israel. This development underlines the increasing security threat in Europe, particularly concerning geopolitical tensions.