Newsletter: Vienna International News
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.
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.
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?
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.
