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Austrian Military Investigation into the Golan Heights Ambush: Soldiers' Actions Correct

In September 2012, Austrian UN soldiers on the Golan did not prevent Syrian security forces from entering a deadly ambush. The disciplinary assessment concludes that the conduct of Austria's soldiers had been stressful, but correct, so that the soldiers do not need to be prosecuted.
Relevance: 1.00 · June 5, 2018


Who is Johannes Peterlik, Secretary General Designate at the Austrian Ministry of Foreign Affairs?

The current Deputy Head of Section V for Cultural Foreign Relations of the BMEIA Federal Ministry for Europe, Integration and Foreign Affairs, Ambassador Dr. Johannes Peterlik will take over the function of Secretary General for Foreign Affairs on 1 June 2018. The current Secretary General Dr. Michael Linhart becomes Ambassador in Paris.
Relevance: 1.00 · May 25, 2018


Austrian Development Agency Supports WHO in Palestine

To improve health care in Gaza, the Austrian Development Agency (ADA) is supporting the World Health Organization (WHO) with 300,000 euros.
Relevance: 1.00 · June 5, 2018


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
Relevance: 1.00 · May 4, 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.
Relevance: 1.00 · April 25, 2018 · Updated: January 11, 2019; 17:15


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.”
Relevance: 1.00 · April 20, 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.
Relevance: 1.00 · April 12, 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.
Relevance: 1.00 · April 10, 2018


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.
Relevance: 1.00 · May 2, 2018


Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa

LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.
Relevance: 1.00 · March 30, 2018


Hypo Group Alpe Adria: Extreme Burden for Austrian State Budget Ahead

The bad news about the nationalized Balkan lender do not break up. In 2014, the Austrian problem bank may cause costs in the amount of € 9bn.
Relevance: 1.00 · February 7, 2014


CESEE: Austrian Banks Face New Challenges

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.
Relevance: 1.00 · November 26, 2013


Faymann: Austrian State Finances are Stable

Chancellor Werner Faymann rejects the opposition’s claim that Austria is on its path to national bankruptcy.
Relevance: 1.00 · December 3, 2013


Austrian Real Estate Market Shrinks

In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.
Relevance: 1.00 · March 6, 2014


Eder: Austrian Industrial Location Not Attractive Anymore

Austria may lose one of its most important industrial flagships. Wolgang Eder, CEO of the Vienna-listed steel manufacturer voestalpine threatens to leave Austria.
Relevance: 1.00 · April 18, 2014


Austrian Banking Sector: Less Banks, More Employees

Since 2000, the number of employees was up by 2,600 in the Austrian banking industry. In the same period, 165 bank shops were closed. Nevertheless, Austria is still over-banked.
Relevance: 1.00 · April 22, 2014


Austrian Banking Sector: € 35bn NPL

Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.
Relevance: 1.00 · December 9, 2013


OeNB Calls on Austrian Banks to Strengthen Their Capital Base Further

Presentation of the Financial Stability Report 26 of the Oesterreichische Nationalbank (OeNB).
Relevance: 1.00 · December 11, 2013


Austrian GDP per Capita Second-Highest in EU

In terms of GDP per capita, Austria is the second-richest EU country.
Relevance: 1.00 · December 12, 2013


Austrian SME Suffer from Credit Shortage

The real economy benefits only partly from the low interest rates. According to Creditreform, borrowing becomes more and more difficult for small and medium-sized enterprises.
Relevance: 1.00 · December 20, 2013


Austrian Public Debt Reaches New High

The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.
Relevance: 1.00 · December 30, 2013


Austrian Real Estate Market Cools Down

While urban rented apartments will grow moderately, the commercial property market is expected to shrink significantly.
Relevance: 1.00 · January 2, 2014


Hungary: Austrian Farmers Still Left in the Dark

There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.
Relevance: 1.00 · January 9, 2014


Causa Aliyev: Austrian Justice Minister under Pressure

Austrian Justice Minister Brandstetter has registered more former members of the Kazakh secret service than was previously known.
Relevance: 1.00 · January 16, 2014


Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am
Relevance: 1.00 · April 27, 2016


Bank Levy: Austrian Regional Banks Under High Pressure

The Austrian government will raise the bank levy significantly. Smaller banks have to perform disproportionately high taxes, Oberbank´s CEO Franz Gasselsberger says.
Relevance: 1.00 · January 16, 2014


Austrian State Sues Six Banks

The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.
Relevance: 1.00 · January 17, 2014


Audit Court Criticizes Austrian Government Sharply

Josef Moser, president of the Austrian Audit Court, has sharply criticized the government’s resolution.
Relevance: 1.00 · January 17, 2014


Only 3 Austrian Delegates at the St. Petersburg International Economic Forum 2014

Thousands of economic experts, businessmen and policymakers are currently in Russia's northern capital St. Petersburg for the 18th annual investment forum. Less foreigners are attend this year, as CEOs have bowed to political pressure to cancel.
Relevance: 1.00 · May 23, 2014


Negative Austrian Enterprise Creation Rate

In 2012, 24 077 new enterprises were created in Austria. At the same time, 24 920 enterprises closed, resulting in an enterprise closing rate of 6.1%.
Relevance: 1.00 · July 29, 2014


Discrepancies on Austrian Real Estate Market

Because of the high rents the city of Vienna intends to do away with location premiums. Listed real estate company Conwert announced raising its rents by May 1.
Relevance: 1.00 · April 18, 2014


CPI: Austrian Inflation Rate Increased Slightly to 1.8% Y/Y

The annual inflation rate of the consumer price index measured by Statistics Austria went up to 1.8% in May 2014 (April 1.7%).
Relevance: 1.00 · June 16, 2014


Hypo Alpe-Adria-Bank AG Changes Its Corporate Name to Austrian Anadi Bank AG

HYPO ALPE-ADRIA-BANK AG, former Austrian subsidiary of HYPO ALPE-ADRIA-BANK INTERNATIONAL AG, adopted a change in corporate name to Austrian Anadi Bank AG by means of an amendment to the articles of association approved at the extraordinary shareholder's meeting held on 16 June 2014.
Relevance: 1.00 · June 27, 2014


Century Casinos not awarded Austrian casino project

Century Casinos not awarded Austrian casino project
Relevance: 1.00 · June 27, 2014


Hypo Group Alpe Adria: Austrian Government Becomes Nervous

Although the participation of the private banking sector is unrealistic, the Austrian government does not give up. However, the time pressure grows week by week.
Relevance: 1.00 · January 18, 2014


Austrian Office Market: Boom is Over

The increase in new construction has reached a new low. According to Bernhard Reikersdorfer (CEO of Remax Austria), the price situation will remain stable.
Relevance: 1.00 · January 20, 2014


Austrian Banks to Resist Further Burdens?

Podium discussion at Viennese law firm Binder Grösswang.
Relevance: 1.00 · January 20, 2014


Austrian Minister of Finance Under Fire

Christoph Leitl, President of the Austrian Chamber of Economics, criticizes the Austrian government sharply. Minister of Finance Michael Spindelegger is put on the defensive.
Relevance: 1.00 · February 5, 2014


Austrian Federal President Heinz Fischer Signs Hypo Special Act into Law

After intensive testing, together with the former President of the Constitutional Court and current adviser to the President, Prof. Dr. Ludwig Adamovich, Federal President Heinz Fischer has decided to carry out the notarization of the adopted bill and thus clear the way for review by the Constitutional Court.
Relevance: 1.00 · July 31, 2014


Indian Women Empowering Austrian Women

On October 2nd the Ladies Organization of the Federation of Indian Chamber of Commerce and Industry (FLO) is a guest at the Austrian Chamber of Commerce. Thirty-eight Indian entrepreneurs from the sectors of textile, crafts and jewelry are expected. In addition, the fields of education and arts management are represented.
Relevance: 1.00 · September 28, 2015


Austrian Export Award 2014 for Above-Average Export Commitment

As part of a festive gala evening in Vienna's Museumsquartier, the Austrian Export Prize 2014 has been awarded by the Federal Minister for Science, Research and Economics, Reinhold Mitterlehner, and the President of the Economic Chamber Austria (WKO) Christoph Leitl.
Relevance: 1.00 · June 26, 2014


Most Austrian Investment Funds Report Positive Results

In August Austrian investment funds improved their performance y/y, with most funds posting a positive result. Of the 1,599 funds operating on the market for at least one year some 1,522 reported a positive performance and only 77 reported a negative performance.
Relevance: 1.00 · September 9, 2014


Austrian Prinzhorn Holding to Invest Massively in Hungary

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
Relevance: 1.00 · May 21, 2014


Austrian President Heinz Fischer and a Business Delegation to Visit Estonia

From June 30 through July 1, the Austrian President Heinz Fischer together with his wife Margit Fischer and an Austrian Business Delegation is on an official visit to Estonia.
Relevance: 1.00 · June 30, 2014


Austrian FDI: Current Developments 1Q 2014

In the first quarter of 2014, Austrian FDI abroad reached a value of 2.8 billion euros, which is less by about 30% than in the same period of 2013. Foreign direct investments in the same period into Austria stood at 1.4 billion euros. This is about 37% less than in the same period of last year.
Relevance: 1.00 · July 29, 2014


Reinhold Krammer Inaugurated as Austrian Honorary Consul in Chicago

Consul General Georg Heindl was very pleased to inaugurate Mr. Reinhold Frank (Rein) Krammer, a business lawyer whose parents immigrated from Austria to Chicago, as first Austrian Honorary Consul for Illinois, Iowa and Wisconsin.
Relevance: 1.00 · August 1, 2014


Atrium European Real Estate Limited / Disclosure according to Sec 93para 2 of the Austrian Stock Exchange Act

Atrium European Real Estate Limited hereby announces that it has been notified by Brookfield Investment Management Inc. that it has reached and exceeded the threshold of 5% and holds, as of 17 April 2015, 18,813,421 shares each carrying one vote, which represents 5.01% of the voting rights of Atrium, on behalf of its institutional clients.
Relevance: 1.00 · April 20, 2015


Österreichische Post AG / AUSTRIAN POST H1 2014: STABLE REVENUE DEVELOPMENT AND SLIGHT EBIT INCREASE; OUTLOOK CONFIRMED FOR 2014

Group revenue remained consistently high for the first half of 2014. On balance, total revenue was down marginally, by 0.1% in the first half-year to EUR 1,171.9m. Second-quarter revenue was up slightly by 0.6%, due mainly to positive revenue effects in the mail business.
Relevance: 1.00 · August 14, 2014


Event: 21st Austria & Advantage Austria: Re-Think Central and Eastern Europe - An Austrian Perspective

On September 23, 2014, 21st Austria and Advantage Austria UK will host a panel discussion at the City of London's Gherkin skyscraper. Herbert Stepic, former CEO of RBI Raiffeisen Bank International and Georg Karabaczek, Austrian Trade Commissioner for the UK will focuse on the topic "Re-Think Central and Eastern Europe: An Austrian Perspective on Diversity in Performance, Challenges and Avenues of Growth". Panellists also include Pasquale Diana, Mario Holzner and Eduard Zehetner.
Relevance: 1.00 · August 1, 2014


Situation for Austrian Banks in Russia is “Sensitive”

According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
Relevance: 1.00 · April 29, 2014