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Austrian Support for Peace and Security Programm in Horn of Africa Region
Vienna based ADA - Austrian Development Agency signs an agreement on peace and security in the Horn of Africa with EU and IGAD (Intergovernmental Authority on Development). The EUTF - EU Emergency Trust Fund for Africa provides 40 million euros. 35 million of this will be made available to ADA and 5 million directly to IGAD. The ADA passes on one million euros to IGAD. The Swedish International Development Agency SIDA will also contribute one million euros..
Relevance: 1.00 · March 26, 2018
Expat Advise: How Does the Austrian Tax and Social Security System Work?
If you are moving to Vienna as an expat or are already living here with employment income and want to find your way around the complicated Austrian tax and social security system, Vindobona recommends attending an interesting event organised by the Vienna Business Agency and Deloitte Austria.
Relevance: 1.00 · March 22, 2018
Harvard Government Professor Michael Sandel to Lecture Austrian Opposition How to Win Back Popular Support
The election of Donald Trump was an angry verdict on decades of rising inequality and a version of globalization that benefits those at the top but leaves ordinary people feeling disempowered. American political philosopher and a political philosophy professor at Harvard University Michael J. Sandel will give a lecture on "Is Democracy in Peril? - Politics in the Age of Trump".
Relevance: 1.00 · March 29, 2018
South Korea's LG Electronics Acquires Austrian Automotive Supplier ZKW for €1.1 Bln
South Korean electronics manufacturer LG Electronics is acquiring the Lower Austrian lighting and electronics systems specialist ZKW for more than 1.1 billion euros. It plans to buy a 70 percent stake in ZKW Holding, a supplier to Mercedes-Benz and BMW. Its holding company LG Corp. will purchase the remaining stake for 330 million Euro. LG hopes to expand its position in the automotive lighting sector for self-driving cars. ZKW was previously wholly owned by the entrepreneur Ulrich Mommert.
Relevance: 1.00 · April 26, 2018
Leadership Change: Mahrer Follows Leitl as Austrian Chamber of Commerce President
Harald Mahrer, President designate of the WKO Austrian Federal Chamber of Commerce, will take over from acting President Christoph Leitl on 18 May.
Relevance: 1.00 · April 3, 2018
Austrian Delegation Seeks to Improve Economic and Political Relations with Jordan
An official visit of President Van der Bellen to Jordan will take place from 17 April to 19 April 2018. The delegation to Amman will be accompanied by an economic mission headed by WKO Vice President Richard Schenz. The economic mission of the WKO is the response of an invitation issued some time ago by the President of the Chamber of Commerce of the Kingdom.
Relevance: 1.00 · March 8, 2018
Extremism-Gate: Special Session of Austrian National Council Convened
The somewhat opaque events surrounding the house search of the Federal Office for the Protection of the Constitution and Counter-Terrorism (BVT) are now making political waves. It is deeply disturbing that a unit, which in itself is not responsible for this, is supposed to have carried out the house search at the BVT and allegedly took highly sensitive intelligence information with it. The matter stinks to high heaven. The Austrian opposition has convened the National Council. The parties SPÖ, NEOS and Liste Pilz (LP) demand that Interior Minister Herbert Kickl (FPÖ) provides a complete explanation.
Relevance: 1.00 · March 9, 2018
Recovery of Austrian Economy Continues
Austrian economy continues its recovery despite weaker upswing.
Relevance: 1.00 · March 17, 2014
The Western Balkans Remain a Priority of Austrian Foreign Policy
Because of a common history and the tradition of political, cultural and economic relations, Austrian foreign policy has always attached particular importance to the Western Balkans. The primary goal of Austrian foreign policy is to support the transformation of the Western Balkans area into a zone of stability. From the Austrian perspective there is only one option for the Western Balkans: a full European integration of the region. However, the political commitment from the regions' leaders is expected.
Relevance: 1.00 · February 28, 2018
Austrian Government Presents Double Budget 2018/19: EU Requirements Are Met - 2019 Balanced Budget
The new Austrian government is planning a zero deficit for next year, Chancellor Sebastian Kurz (ÖVP) and Vice-Chancellor Heinz-Christian Strache (FPÖ) have announced. The planned reduction in corporation tax could be of interest to foreign investors and companies.
Relevance: 1.00 · February 28, 2018
Austrian Finance Minister Michael Spindelegger Quits
Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.
Relevance: 1.00 · August 26, 2014
Mainland Chinese Billionaire Guo Guangchang to Take Over Austrian Asset Wolford AG
Shanghai based Fosun Group through its Hong Kong (Central) vehicle Fosun Industrial Holdings Limited (Fosun) has taken over control of one of Austria's last remaining lingerie assets. According to Wolford, its new strategic core shareholder has agreed to pay at least €36M for a 50.87% majority stake in Wolford AG. Wolford has been struggling with management problems for some time. It also has been loss making for several years. Fosun Industrial Holdings Limited, a subsidiary of Fosun International Limited (British Virgin Islands) is an investment holding company with interests in asset management and entertainment services. Fosun wants full control of the lingerie maker. Upon the closing of the share purchase agreement Fosun intends to launch a takeover offer to the remaining shareholders. Fosun was co-founded in 1992 by Fudan graduate Guo Guangchang who meanwhile became the 34th richest person in China with a net worth of €7 billion.
Relevance: 1.00 · March 3, 2018
Bawag Pays €110M for Separation from Austrian Post
Bawag presents its preliminary figures for 2017. The net profit will amount to 466.6 million euros (-1.4 percent). Due to profits, there will be dividend payments to shareholders. The long-term distribution partnership with Austrian Post is to be terminated.
Relevance: 1.00 · February 28, 2018
Vienna Energy Forum and the R20 Austrian World Summit 2018: Feedback of a Participant
At the Vienna Energy Forum and the R20 Austrian World Summit recently held in Vienna, Beatriz Mayor of IIASA - International Institute for Applied Systems Analysis also participated, who shares her interesting insights as follows.
Relevance: 1.00 · June 6, 2018
Austrian Minister of Education Demands Clarification from Islamic Community
In connection with the affair over children as soldiers playing war games in a Viennese mosque, Minister Blümel demands further information and clarification of the incidents from the Islamic Religious Community in Austria (IGGÖ - Islamische Glaubensgemeinschaft in Österreich).
Relevance: 1.00 · April 20, 2018
Austrian World Summit 2020 Was a Success
The Austrian World Summit 2020 was held in a mixture of analog and digital setting due to Covid-19, yet starred international personalities that all highlighted the importance of sustainability and the fight against climate change.
Relevance: 1.00 · September 17, 2020
Hypo Group: „Austrian Government Has Negotiated Poorly“
In the cause of the nationalized Balkan lender Hypo Group Alpe Adria, the performance of the Austrian government is miserable, according to Austrian economist Christian Keuschnigg.
Relevance: 1.00 · February 16, 2014
Blow Against Austrian Tourism: Germany Declares Vienna a Corona Risk Area
Because of too high corona infection figures, the German government now warns against "unnecessary, touristic" trips to Vienna. Vienna is classified as a risk area in view of the high number of new corona infections.
Relevance: 1.00 · September 16, 2020
Austrian Foreign Ministry - Diplomatic Excursion 2019 to Lake Neusiedl
Foreign diplomats and heads of international organisations in Austria were invited by the BMEIA Federal Ministry for Europe Integration and Foreign Affairs to the annual summer excursion to Burgenland (Diplomatenausflug 2019).
Relevance: 1.00 · July 3, 2019
C-QUADRAT Investment AG / Austrian FMA clears majority takeover by HNA Group
The HNA Group (International) Asset Management Co., Limited ("HNA") was informed by the Austrian Financial Market Authority ("FMA") by letter dated 21.12.2017 that FMA had no objections against the proposed acquisition of 74.8% of the shares in C-QUADRAT and its supervised Austrian subsidiaries.
Relevance: 1.00 · December 22, 2017
EU Budget: Austrian Commissioner Hahn Welcomes New Agreement
For the first time ever, the disbursement of funds from the next EU budget will be directly connected to the rule of law of each member state. This was negotiated by representatives of the European Parliament and the Council; among them is Austria's EU Budget Commissioner Johannes Hahn.
Relevance: 1.00 · November 5, 2020
Stable Outlook for Recovery of Austrian Economy
The outlook for economic improvement has stabilized. Both Wifo’s economy test and Wifo’s early indicator point to an upward trend.
Relevance: 1.00 · November 8, 2013
Austrian Retail Association - Handelsverband raises alarm: every year 560 million Chinese parcels reach Europe without import VAT
More than 10 percent of Austrian retail sales are already generated online, which corresponds to around € 6.8 billion. The problem: half of this online turnover does not arrive at the domestic market, but flows abroad. Particularly problematic is the crossborder business with Asian traders and platforms, especially from China. Currently, 560 million parcels per year are sent to the European Union via Alibaba (AliExpress). 97 percent of these shipments are completely dutyfree and VATfree in the EU and a large part of the remaining 3 percent, at least without import duty.
Relevance: 1.00 · December 21, 2017
AUSTRIAN POST Q1-3 2017: HIGHER REVENUE AND EARNINGS
In the first three quarters of the current financial year, Austrian Post's Group revenue amounted to EUR 1,404.7m. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 2.1 %. On the basis of the good revenue development combined with strict cost discipline, operating earnings (EBIT) totalled EUR 139.9m, comprising a year-on-year rise of 3.3 %.
Relevance: 1.00 · November 15, 2017
Kommunalkredit issued the first Austrian Social Covered Bond
Kommunalkredit Austria AG (Kommunalkredit) today has successfully issued the first Austrian EUR 300 m Social Covered Bond with a tenor of 4 years and a coupon of 0,375 per cent. The issuance was preceded by a euro-wide roadshow. The issuance was significantly oversubscribed with the order book totaling EUR 531 m (from more than 40 investors). Kommunalkredit was also capable of broadening its investor base by this transaction. This bond has been the first issuance since the privatization of the Bank in 2015.
Relevance: 1.00 · July 4, 2017
Österreichische Post AG / AUSTRIAN POST Q1 2017: INCREASE IN REVENUE AND EARNINGS
In the first quarter of the current financial year, Austrian Post's Group revenue amounted to EUR 488.7m. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 4.0%. This positive development was strongly influenced by seasonal effects.
Relevance: 1.00 · May 12, 2017
Austrian Top Diplomat Walter Siegl Deceased
The Austrian Foreign Ministry mourns the loss of retired Ambassador and former Political Director Walter Siegl.
Relevance: 1.00 · July 19, 2019
Austrian Insurance Companies to Grant Credits
The Financial Market Authority has given green light to Austrian insurance companies for handing out loans. Insurers hope for an improvement in investment income.
Relevance: 1.00 · December 4, 2013
Ursula von der Leyen Gets Johannes Hahn Proposed as Austrian EU Commissioner
Ursula von der Leyen was approved by the European Parliament as the next president of the European Commission. Her first, and very tricky, task is to assign jobs to the commissioners of each country. Johannes Hahn was again nominated by the main committee of the austrian parliament as the Austrian member of the next EU Commission.
Relevance: 1.00 · July 19, 2019
European Elections 2019: Austrian Preliminary Final Results
The preliminary result of the 2019 European elections (without absentee ballot) has been announced. The Austrian People's Party won clearly ahead of the Austrian Socialist Party (SPÖ) and the Austrian Freedom Party (FPÖ). The Greens and NEOS followed in places 4 to 5. Votes cast by absentee ballot are not yet included in this result. The turnout without postal votes was 50.6%. In Vienna, the turnout including postal votes was 58.71%.
Relevance: 1.00 · May 27, 2019
Austrian Government Dismissed: National Council Denies Government Confidence
The parliamentary motion of no confidence of the Social Democrats (SPÖ) was supported by the right-wing populist Freedom Party (FPÖ) and the Liste Jetzt. The majority of the members of the National Council thus expressed their distrust of Chancellor Kurz's government and removed it from office.
Relevance: 1.00 · May 27, 2019
Austrian Government Does Not Rule Out Hypo Group´s Bankruptcy Anymore (1/2)
In the past few weeks, the Austrian government and the Austrian National Bank excluded this alternative categorically. Now, the bankruptcy scenario seems to be an option again.
Relevance: 1.00 · February 4, 2014
Iran-Deal Withdrawal: Consequences for Iran-Austrian Economics Relations
About 50 Austrian companies have branches in Iran. Austrian exports to Iran rose by 9.2 percent to 301 million euros in 2017; imports increased by 18.5 percent to 119 million euros. A JCPOA supported only by the EU, Russia, China and Iran is not sufficient in the medium and long term to create the necessary investments and renewals in Iran. Without the US on board, international banks and large companies will continue to shy away from activities in Iran. Secondary sanctions will contribute to this.
Relevance: 1.00 · May 11, 2018
OMV Aktiengesellschaft / Announcement pursuant to section 82 para 9 Austrian Stock Exchange Act
OMV Aktiengesellschaft ("OMV" or "Company") intends to transfer treasury shares to members of the Executive Board and senior executives as well as potentials of OMV under the (i) Long Term Incentive Plan (LTIP) 2013 and the (ii) Matching Share Plan (MSP) 2015, based on the resolution of OMV's Supervisory Board of March 22, 2016 and the report pursuant to section 65 para 1b in conjunction with sections 171 para 1 and 153 para 4 Stock Corporation Act which was published on March 8, 2016.
Relevance: 1.00 · March 22, 2016
Flughafen Wien AG / Announcement pursuant to section 14 of the Austrian Takeover Act
Flughafen Wien Aktiengesellschaft announces that the statements by the Management Board and the Supervisory Board of Flughafen Wien Aktiengesellschaft pursuant to section 14 of the Austrian Takeover Act (Übernahmegesetz - the "Act") and the expert assessment pursuant to section 14 (2) in conjunction with section 13 of the Act on the voluntary public takeover offer (sections 4 et seqq of the Act) made by AIRPORTS GROUP EUROPE S.À R.L. to the shareholders of Flughafen Wien Aktiengesellschaft on 31 March 2016 are available free of Charge at the corporate seat of Flughafen Wien Aktiengesellschaft.
Relevance: 1.00 · April 13, 2016
Business Indicator: Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks
According to Bank Austria, the Business Indicator rose in March to 0.2 points - back in black for the first time since September. Also, Bank Austria recognized a light improvement in consumer and industrial sentiment. The estimated economic growth in 2016 is 1.5 percent - no further pick-up is expected for 2017.
Relevance: 1.00 · April 20, 2016
Business Indicator: Austrian Economy Makes a Subdued Start to the New Year
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The renewed decline of the Business Indicator in December, taking it into negative territory, was influenced by the generally gloomier sentiment in the Austrian economy, which deviates to some extent from the trend seen across Europe.
Relevance: 1.00 · January 16, 2015
Austrian Embassy in Bogota Reopend
Austria’s Foreign Affairs Ministry has re-opened its embassy in Bogota, Colombia, after four years.
Relevance: 1.00 · March 7, 2016
AUSTRIAN POST SELLS ITS GERMAN SUBSIDIARY TRANS-O-FLEX
Austrian Post reached an agreement with a strategic investor on the sale of its German subsidiary trans-o-flex, a logistics company with revenue of about EUR 500m focusing on providing transport solutions for the pharmaceutical, healthcare and consumer electronics sectors in Germany.
Relevance: 1.00 · March 7, 2016
UNIQA Insurance Group AG / Merger of Austrian insurance companies tobe completed soon
The streamlining of the structure of UNIQA Insurance Group AG in line with company law, announced on 9 March 2016, is likely to be implemented on 1 October 2016.
Relevance: 1.00 · September 30, 2016
Purchasing Managers' Index: Austrian Industry Defies Market Turbulence and Economic Worries
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. In spite of the recent turbulence on the market and the growing economic concerns, Austrian industry is in good shape at present. Austrian industry has been enjoying an upwards trend for roughly a year now. The increase in Bank Austria’s Purchasing Manager’s Index to 51.9 points in February shows that following a dip before the turn of the year, growth has picked up again since the start of 2016. Despite the tense mood on the markets, Austrian industry is still providing good real economic data.
Relevance: 1.00 · March 1, 2016
Opening of Austrian Embassy in Minsk: Belarus Acts as an Important Bridge
On 9 February 2016, the Austrian Embassy in Minsk was officially opened by the Secretary General for Foreign Affairs Michael Linhart. The opening of the embassy is an important element in the restructuring process launched by Foreign Minister Sebastian Kurz to bring about a strategic re-orientation of the diplomatic representation network. "Austria is thus sending out a signal that the EU's immediate neighbourhood is one of its foreign policy priorities", Linhart pointed out.
Relevance: 1.00 · February 12, 2016
Austrian Ambassador to the United States Wolfgang Waldner Presented his Credentials to President Obama
Ambassador Wolfgang Waldner presented his credentials to President Barack Obama on Thursday January 28, 2016. "I am looking forward to my upcoming tasks, especially to be part of the successful bilateral relationship our two countries share. It will be my honor to further strengthen the political, economic, and cultural bonds between the United States and Austria over the course of the next four years." Waldner said at the White House.
Relevance: 1.00 · February 12, 2016
Richard Lugner to Run for Austrian President
The 83-year-old construction entrepreneur, millionaire and society figure Richard 'Mortar' Lugner says he is running for president of Austria. He wants to hold the highest office along with his 26-year-old German woman Cathy, a former Playboy Bunny at the Playboy Club in Cologne. For an official nomination Lugner should see about 6,000 signatures to collect.
Relevance: 1.00 · February 10, 2016
Minister of Justice Brandstetter Headed an Austrian Delegation to the U.S.
The Austrian Embassy in Washington D.C. reports that Minister of Justice Wolfgang Brandstetter headed an Austrian delegation to the U.S. from January 28 to February 3, 2016. His visit included meetings with U.S. Attorney General Loretta Lynch, members of Congress, Facebook officials, as well as a tour of the Los Angeles County Jail.
Relevance: 1.00 · March 4, 2016
Austrian Business Delegation to Visit India - Results
Austria's business delegation has returned from a five-day visit to India. What did they achieve?
Relevance: 1.00 · February 23, 2016
Österreichische Post AG / AUSTRIAN POST Q1-3 2015: STABLE BUSINESS
DEVELOPMENT WITH A RISE IN REVENUE AND EARNINGS
Österreichische Post AG / AUSTRIAN POST Q1-3 2015: STABLE BUSINESS DEVELOPMENT WITH A RISE IN REVENUE AND EARNINGS
Relevance: 1.00 · November 12, 2015
Austrian Foreign Ministry Welcomes Completion of Next Phase of the Vienna Agreement with Iran
The Austrian Foreign Minister welcomed the successful completion of the preparatory phase for the implementation of the Vienna Agreement between the E3/EU+3 and Iran. He hopes that Iran will assume a constructive role in resolving regional conflicts.
Relevance: 1.00 · January 19, 2016
Californian Woman Can Not Take Austrian Railways to Court in the US
Supreme Court says, Carol Sachs who was heavily injured in Innsbruck can’t sue in the US. Her lawsuit against the Austrian national railroad ÖBB for injuries that she suffered while attempting to board a train in Austria does not fall within the “commercial activity” exception to the Foreign Sovereign Immunities Act, and is therefore barred by the doctrine of sovereign immunity. The American wanted USD 20 million compensation from ÖBB.
Relevance: 1.00 · December 2, 2015
Atrium European Real Estate Limited / FRAMEWORK AGREEMENT WITH ADVOFIN TO RESOLVE AUSTRIAN LEGACY LEGAL DISPUTES
Atrium European Real Estate Limited (VSE/ Euronext: ATRS) (the "Company" and together with its subsidiaries, the "Group"), announces that its Board of Directors has signed a framework agreement with AdvoFin Prozessfinanzierung AG ("AdvoFin") and Salburg Rechtsanwalts GmbH ("Salburg") that the Company expects to resolve a significant majority of the Austrian legacy issues. The framework agreement marks a transformative step forward in the Company's goal of resolving all of its historic legal issues.
Relevance: 1.00 · March 22, 2017
