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Austrian National Bank Examined the Spread of Crypto Assets in Austria
Cryptocurrencies such as Bitcoin are widely known in Austria, but their actual distribution in private households remains modest. A recent study by the Austrian National Bank (OeNB) found that only 3% of the population own crypto assets. These few owners usually only hold small amounts, which rarely make up more than a third of their total financial assets.
Relevance: 1.00 · July 16, 2024
Imfarr: Another Austrian Real Estate Developer in Insolvency
The Viennese real estate developer Imfarr Beteiligungs GmbH has applied to the Vienna Commercial Court for restructuring proceedings without self-administration. The company's liabilities amount to around 604 million euros. This affects 18 employees and around 110 creditors.
Relevance: 1.00 · July 23, 2024
Austrian Forum for Peace 2024: Insights and Outlook for a Peaceful Future
The Austrian Center for Peace (ACP) presented the results of the second Austrian Forum for Peace, which took place at Friedensburg Schlaining in early July.
Relevance: 1.00 · July 29, 2024
European CSDP Offensive: Austrian Handbook Strengthens Security Cooperation in Vietnam
The Austrian Federal Ministry of Defense has published a handbook on the European Union's Common Security and Defence Policy (CSDP) since 2009. Due to its success, Austria was asked to make this work available to Asian partner states to promote security cooperation in the Indo-Pacific region.
Relevance: 1.00 · August 4, 2024
Winners of the Austrian Art Prize 2024 Revealed
Andrea Mayer, State Secretary for Art and Culture, today announced the winners of the Austrian Art Prize and the Hans Hollein Art Prize for Architecture 2024. The awards, endowed with 20,000 euros each, honor outstanding personalities in the Austrian art and culture scene.
Relevance: 1.00 · August 5, 2024
UniCredit Bank Austria: Austrian Economy Remains in the Downturn - Hope for Recovery Only in 2025
The economic situation in Austria remains tense and a sustainable recovery does not appear to be in sight until 2025. The latest reports from UniCredit Bank Austria paint a gloomy picture for 2024. Despite some positive signs, particularly in the service sector, the economy is in a prolonged slump. Industry and the construction sector in particular continue to be under great pressure, which is weighing heavily on the overall situation in Austria.
Relevance: 1.00 · August 22, 2024
Lithuanian Asmik Grigorian to be Awarded the “Grand Jury Prize” of the Austrian Music Theater Award
The Lithuanian soprano Asmik Grigorian, one of the most outstanding personalities on the international opera scene, will receive the “Grand Jury Prize” of the Austrian Music Theater Award on September 1, 2024, at the Vienna Volksoper. This award, considered one of the most important honors in the field of opera in Austria, recognizes Grigorian's exceptional artistic achievements and her lasting influence on music theater.
Relevance: 1.00 · August 25, 2024
Diplomatic Tensions Rise as Iran Summons Austrian Ambassador Over Hezbollah Dispute
In a new diplomatic development, the Iranian government summoned the Austrian Ambassador to Tehran, Wolf Dietrich Heim, to the Iranian Foreign Ministry. This move comes in direct response to Austria's earlier summoning of the Iranian Ambassador to Vienna, Abbas Bagherpour Ardekani, following his controversial social media post that included symbols of the Hezbollah militia, which is banned in Austria.
Relevance: 1.00 · August 28, 2024
China Ambassador to Austria Qi Mei in the “Press Salon” of the Austrian Journalists' Club
China's Ambassador Qi Mei was a guest at the “Press Salon” event at the invitation of the Austrian Journalists' Club (ÖJC). In the presence of journalists from well-known media such as “Der Standard” and ORF, Qi Mei took the opportunity to talk about China's current economic and political developments as well as relations with Austria.
Relevance: 1.00 · September 12, 2024
Japan's Rohto Pharmaceutical Invests in Austrian Sigmapharm
In a move to enhance pharmaceutical production in Europe, Japan’s Rohto Pharmaceutical has entered into a strategic partnership with the Austrian Sigmapharm Group. The collaboration aims to expand the production and distribution of ophthalmic drugs and medical products across Europe, with Rohto Pharmaceutical investing nearly €30 million in research, development, production, and sales.
Relevance: 1.00 · September 18, 2024
Strengthening Sino-Austrian Relations: Ambassador QI Mei Meets Graz Mayor Elke Kahr
The Chinese Ambassador to Austria, QI Mei, and the Mayor of Graz, Elke Kahr, met at Graz City Hall. This official visit underlines the importance of bilateral relations between China and Austria, particularly at local level and in terms of economic, cultural and tourism cooperation.
Relevance: 1.00 · September 25, 2024
Austrian Financial Market Authority Orders Forced Closure of Euram Bank
The Financial Market Authority (FMA) has withdrawn the business license of European American Investment Bank AG (Euram) in Vienna with immediate effect. This follows an extraordinary general meeting at which the bank failed to present a plausible plan for an orderly self-resolution. The bank should have either decided on a capital increase of 25 million euros or presented a credible liquidation strategy.
Relevance: 1.00 · October 16, 2024
Austrian Defence Minister Tanner and European Consensus on Continuation of UNIFIL Mission in Lebanon
The UNIFIL mission in Lebanon, which has been in operation since 1978, is to continue despite increasing attacks. The European troop contributors reaffirm their support to ensure stability and humanitarian aid.
Relevance: 1.00 · October 16, 2024
Austrian Construction Group Strabag Fined Millions in Germany for Cartel Agreements
Austria's largest construction group, STRABAG SE, is again in the headlines due to cartel allegations. The German Federal Cartel Office has imposed a hefty fine of 2.79 million euros on STRABAG AG, a subsidiary of STRABAG SE, headquartered in Cologne. The reason for the fine is an illegal bidding agreement in connection with the renovation of the famous Zoobrücke bridge in Cologne.
Relevance: 1.00 · November 6, 2024
Concert Night at the Austrian Foreign Ministry: Music as a Bridge between Cultures
Austria's Foreign Minister Alexander Schallenberg hosted a special concert evening at the Palais Niederösterreich under the motto “The unifying power of music”. For the second time, this event, organized by the Foreign Ministry's “Dialogue of Cultures” task force, was an impressive example of how art and music can build bridges and promote dialogue.
Relevance: 1.00 · November 26, 2024
Austrian Chancellor Nehammer Invites Donald Trump to Austria for Ukraine Peace Talks
In a telephone conversation with US President-elect Donald Trump, Austrian Chancellor Karl Nehammer congratulated him on his election victory and signaled Austria's willingness to act as a neutral venue for peace talks in the Ukraine conflict. The talks also covered energy security, economic and defense cooperation, and strengthening bilateral relations between Austria and the USA.
Relevance: 1.00 · November 27, 2024
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
Relevance: 1.00 · December 2, 2024
Financial Fraud as a “Growth Industry”: Record Losses and New Scams According to the Austrian Financial Market Authority
The Financial Market Authority (FMA) is sounding the alarm: financial fraud has developed into a real “growth industry”. According to the authority's latest figures, the total loss reported by financial fraudsters in 2024 amounted to around 15.5 million euros - an increase compared to the previous year, when the figure was 12.8 million euros. The dramatic increase in crypto-based fraud cases is particularly worrying. According to the FMA, the majority of these fraud cases could indicate that illegal financial markets are increasingly attracting the attention of criminals.
Relevance: 1.00 · December 23, 2024
ECJ Ruling Censures Austrian Data Protection Authority: Excessive Complaints or Structural Problem?
A ruling by the European Court of Justice (ECJ) caused quite a stir: The Austrian Data Protection Authority (DSB) was reprimanded by the ECJ because it had rejected the processing of complaints as “excessive” due to their sheer number. The Court clarified that such a limitation of complaints is inadmissible as long as no abusive intention on the part of the complainant can be proven.
Relevance: 1.00 · January 9, 2025
Austria's Finance Minister Mayr Must Explain Letter to Brussels in Austrian Parliament
Finance Minister Gunter Mayr is facing a political test. At the initiative of the SPÖ, the Standing Subcommittee on EU Affairs must meet to discuss the letter with which the coalition negotiators wanted to avert the threat of deficit proceedings by the EU. According to regulations, the meeting must take place within the next two weeks. The focus will be on the planned austerity measures amounting to 6.4 billion euros outlined in the letter to the EU Commission.
Relevance: 1.00 · January 21, 2025
Austrian Citizen in Custody for Knife Attack in Mecca
Saudi Arabia confirms the arrest of a 20-year-old Austrian from the district of Bruck an der Leitha — the charge: a knife attack in front of the holy Al-Haram mosque in Mecca. But the story goes further - to foiled plans to attack a Taylor Swift concert in Vienna.
Relevance: 1.00 · January 28, 2025
Australian Foreign Minister Penny Wong Meets Austrian Chancellor Schallenberg in Vienna
Austria's Foreign Minister and interim Chancellor Alexander Schallenberg received his Australian counterpart Penny Wong for a bilateral working meeting in Vienna. This high-level visit marks another milestone in the strategic cooperation between Austria and Australia, which has been steadily deepening since the signing of the Agreement on Strategic Cooperation (ASCo) in 2021.
Relevance: 1.00 · January 28, 2025
Chinese New Year Celebrations Strengthen Chinese-Austrian Friendship
The Chinese New Year was celebrated in Vienna with festive events underscoring the close diplomatic and cultural ties between China and Austria. The celebrations attracted not only high-ranking political representatives but also numerous members of the Chinese community and interested Viennese.
Relevance: 1.00 · February 5, 2025
A Sign of Friendship: The New Year's Meeting of the Austrian-Polish Society in Vienna
Bilateral relations between Austria and Poland are an important pillar of European cooperation and thrive not only through diplomatic meetings, but also through cultural and scientific exchange. The New Year's meeting of the Austrian-Polish Society in Vienna was an impressive example of how tradition and a vision for the future come together in a festive setting.
Relevance: 1.00 · February 6, 2025
China's Ambassador Visits the Austrian Theatres-Holding in Vienna
The recent visit of Chinese Ambassador Qi Mei to the Bundestheater-Holding underlines the increasing importance of cultural exchange between Austria and China. The focus is on joint theater projects, artist exchanges, and the strengthening of bilateral relations in the performing arts.
Relevance: 1.00 · April 2, 2025
Austrian Government Opens Bregenz Festival 2025 with Appeal for Visionary and Responsible "Mindset"
The Bregenz Festival 2025 had been officially opened. The opening ceremony, which attracted high-ranking representatives from politics and culture, focused on Austrian President Alexander Van der Bellen and Austrian Vice-Chancellor Andreas Babler. Both argued in their speeches that we are living in a forward-looking and critical time, emphasizing the importance of showing courage and responsibility.
Relevance: 1.00 · July 21, 2025
Austrian Forum for Peace 2025: Peace Work in Times of Crisis, New Approaches, and the Role of Europe
This year's Austrian Forum for Peace 2025, themed “Peace in Crisis,” has come to a successful conclusion at Friedensburg Schlaining. The four-day international conference organized by the Austrian Center for Peace (ACP) brought together over 200 experts, diplomats, scientists, and representatives of international organizations from more than 25 countries to discuss pressing issues of peace work in an increasingly fragmented world.
Relevance: 1.00 · July 4, 2025
Bettina Dorfer-Pauschenwein Elected Vice President of the Austrian Federal Economic Chamber
The Austrian Federal Economic Chamber (WKÖ) has a new vice president: Bettina Dorfer-Pauschenwein, a committed entrepreneur from Wiesen in Burgenland, was elected to the chamber's highest governing body on Thursday. With this appointment, the 32-year-old master carpenter and managing director of “Pauschenwein Creatives Wohnen GmbH” moves directly alongside WKÖ President Harald Mahrer and takes a significant career step in the Chamber of Commerce.
Relevance: 1.00 · June 30, 2025
Austrian Chancellory Reaffirms its Commitment to the Rule of Law and Multilateralism
Austrian Chancellor Christian Stocker, together with Foreign Minister Beate Meinl-Reisinger and Minister for Europe and Family Affairs Claudia Plakolm, invited the diplomatic corps and representatives of international organizations to a reception at the Federal Chancellery. The reception, which took place exactly three months after the government took office, emphasized the central role of diplomacy and dialogue in an increasingly uncertain world.
Relevance: 1.00 · June 18, 2025
French Art History Festival: Austrian Cultural Diplomacy on Display
Austria was the guest country at this year's renowned “Festival of Art History,” which attracted up to 10,000 visitors and took place at the Palace of Fontainebleau, around 70 km south of Paris. The importance of cultural diplomacy for Austria was once again emphasized.
Relevance: 1.00 · June 10, 2025
Austria Designates Special Envoys for Austrian Candidacy for the United Nations Security Council
For quite some time now, the new federal government has pursued a more active role in international diplomacy, and a defined goal is a non-permanent seat on the UN Security Council for 2027/28. Being elected requires a two-thirds majority vote from the United Nations General Assembly, and therefore, the federal government designated special envoys to advocate for Austria.
Relevance: 1.00 · June 8, 2025
International Climate Conference in Vienna, Austrian World Summit 2025: Schwarzenegger Calls for Action
The ninth Austrian World Summit took place at the Hofburg Palace in Vienna under the motto “Unite in Action – Terminate Pollution.” Organized by former California Governor Arnold Schwarzenegger and the Schwarzenegger Climate Initiative, the event aimed to present concrete measures to combat the climate crisis, strengthen cooperation, and generate political and social momentum for ambitious climate protection policies.
Relevance: 1.00 · June 4, 2025
Ex-Meinl Austrian Banker Peter Weinzierl in U.S. Pretrial Detention
The former CEO of the now-defunct Meinl Bank, Peter Weinzierl, is in custody in the United States. After years of investigations and complex extradition proceedings, the 59-year-old Austrian was transferred to a federal prison in Brooklyn, New York.
Relevance: 1.00 · May 11, 2025
Austrian Company Palmers: Hope for Rescue by International Investor
The traditional Austrian underwear manufacturer Palmers, which had to file for insolvency in February 2025, may be about to be rescued by a foreign investor. The regional court in Wiener Neustadt has decided that the company can continue to operate for now, but financial support is urgently needed.
Relevance: 1.00 · April 24, 2025
Tri-national Military Exercise in Austrian Allentsteig with Almost 1,000 Swiss Soldiers
The multinational military exercise “TRIAS25” began at the Allentsteig military training area in Lower Austria. Around 1,300 soldiers from Switzerland, Germany, and Austria will be training together until May 9. The exercise aims to strengthen the interoperability of the armed forces and test new operational concepts.
Relevance: 1.00 · April 15, 2025
Austrian Securities Ownership Reaches New Heights
A recent survey reveals a significant increase in the number of Austrians investing in securities, highlighting a shift towards private pension planning amid economic challenges.
Relevance: 1.00 · April 9, 2025
China's Ambassador QI Mei in Dialogue with Austrian Parliamentary Leadership
The Chinese Ambassador to Austria, QI Mei, held important diplomatic talks with leading representatives of the Austrian Parliament to further deepen bilateral relations between China and Austria. Within a few days, the Ambassador held talks with the two top representatives of the Austrian legislature - National Council President Dr. Walter Rosenkranz and Federal Council President Dr. Andrea Eder-Gitschthaler.
Relevance: 1.00 · April 6, 2025
Strengthening Neighbourly Ties: Swiss Ignazio Cassis Receives Austrian Foreign Minister Meinl-Reisinger
Despite a time of increasing geopolitical challenges, the traditional neighborly dialogue between Switzerland and Austria is gaining importance. Against this backdrop, a bilateral working meeting took place in Bern between Austrian Foreign Minister Beate Meinl-Reisinger and her Swiss counterpart, Federal Councillor Ignazio Cassis. The meeting aimed to deepen existing relations and discuss joint solutions for current political and security policy issues.
Relevance: 1.00 · April 6, 2025
Austrian National Council President Discusses Ukraine Crisis with Deputy Chairwoman of the Verkhovna Rada
Ahead of the winter session of the OSCE Parliamentary Assembly, Austrian National Council President Walter Rosenkranz met with Olena Kondratiuk, Deputy Chairwoman of the Verkhovna Rada of Ukraine, to discuss the ongoing war in Ukraine and Austria’s humanitarian assistance. The meeting focused on the broader implications of Russian aggression, Austria’s role in supporting Ukraine within the limits of its neutrality, and the challenges of post-war reconstruction.
Relevance: 1.00 · February 19, 2025
Austrian National Council President Engages in Dialogue with Ukrainian Parliament Speaker
Austrian National Council President Walter Rosenkranz and Chairman of the Ukrainian Parliament Ruslan Stefantschuk recently held a video conference to discuss the pressing issues surrounding Russia's invasion of Ukraine.
Relevance: 1.00 · February 10, 2025
Surge in Demand for Houses as Prices Decline Across Austrian Regions
Austria’s real estate market underwent a dynamic transformation in 2024, marked by a significant surge in the demand for single-family homes alongside fluctuating property prices across the country. While potential homeowners increasingly entered the market, drawn by improved financing conditions and relaxed credit regulations, regional price trends revealed a complex picture.
Relevance: 1.00 · February 12, 2025
Austrian Customs Rescued Numerous Dogs and Cats from Smugglers
In 2024, Austrian customs officials rescued 138 dogs and cats from smugglers, marking a record high compared to previous years. The majority of these animals, often very young puppies and kittens, were discovered in poor conditions during routine border checks.
Relevance: 1.00 · February 16, 2025
Citizens' Initiative Calls for an Austrian State Bitcoin Reserve
A new Citizens' initiative is causing a stir in Austria: A group of Bitcoin enthusiasts is calling for establishing a state Bitcoin reserve worth 2.3 billion euros. The initiators see this as a strategic hedge against inflation and an opportunity to achieve financial independence for the country. However, the project is not without controversy.
Relevance: 1.00 · February 18, 2025
ÖBB and Federation of Austrian Industries Demand 500 billion Euros from Brussels for European Rail Expansion
In a joint initiative, the CEO of the Austrian Federal Railways (ÖBB), Andreas Matthä, and the Chief Economist of the Federation of Austrian Industries (IV), Christian Helmenstein, have called on the European Union to invest around 500 billion euros in the modernization and expansion of rail infrastructure by 2030. This appeal was presented to MEPs in Brussels.
Relevance: 1.00 · February 18, 2025
Austrian Retail Sector Shows Resilience Amid Economic Challenges
Despite ongoing economic uncertainty and cautious consumer spending, Austria’s retail sector has demonstrated stability and moderate growth. According to the latest WIFO & HV Economic Report, the sector achieved a nominal sales increase of 2.7% in 2024, closely matching previous forecasts. While inflationary pressures have eased in some areas, rising energy costs and declining consumer confidence continue to shape spending behavior.
Relevance: 1.00 · February 18, 2025
Austrian Leading Index Exceeds 10,000 Points for the First Time
The ATX Total Return, Austria’s leading index, reached a historic high, surpassing the 10,000-point mark for the first time and closing at 10,100.07 points.
Relevance: 1.00 · March 10, 2025
The Austrian Institute of Technology Aims to Become a Leading Institution in Applying Modern AI Methods
The Austrian Institute of Technology (AIT) is pursuing ambitious goals: It wants to establish itself as a leading institution for applying modern artificial intelligence (AI) methods. At the heart of this strategy is the “AI Factory Austria” (AI:AT), a flagship project to strengthen the Austrian AI sector and promote the country's technological sovereignty. With European co-financing and broad support from business and science, the initiative is seen as a milestone for Austria as a location for innovation.
Relevance: 1.00 · March 19, 2025
Austrian Chancellor Stocker and Austrian EU Commissioner Brunner Discuss New EU Migration Policy
Chancellor Christian Stocker received EU Commissioner Magnus Brunner for a meeting at the Federal Chancellery. The meeting focused on measures to combat irregular migration and the reform of the European asylum system. Brunner recently presented a new proposal for an EU Return Regulation, which provides for more efficient deportations and establishing return centers outside the EU. Austria and Stocker have signaled their support for this initiative to their party colleague and are pushing for its swift implementation.
Relevance: 1.00 · March 18, 2025
Visit to Kyiv by Austrian Foreign Minister Meinl-Reisinger Reaffirms Solidarity With Ukraine
Foreign Minister Beate Meinl-Reisinger traveled to the Ukrainian capital, Kyiv, with a clear message of support. There, she met Ukrainian President Volodymyr Zelenskyy and other high-ranking government representatives to reaffirm Austria's solidarity and diplomatic long-term support in the fight against the Russian war of aggression.
Relevance: 1.00 · March 17, 2025
Schwarzenegger's Climate Conference in Vienna: "Austrian World Summit" Calls for Concrete Measures
The "Austrian World Summit" (AWS) took place in Vienna for the eighth time. Host Arnold Schwarzenegger and several prominent guests emphasized the urgency of concrete climate protection measures. Around 700 international visitors, including high-ranking politicians and experts, gathered in the Vienna Hofburg to discuss the future of a clean energy supply and the fight against climate change.
Relevance: 1.00 · June 20, 2024
