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Focus on European and Global Economic Interdependencies: 21st Vienna Economic Forum 2024
High-ranking representatives from business and politics gathered at the House of Engineers in Vienna to take part in the 21st Vienna Economic Forum - Vienna Future Dialogue 2024. Under this year's motto “Regional economy as part of the European and global economy”, the forum was all about economic and political dialog. The event provided a platform for analyzing the challenges of the present and working together to develop paths for a sustainable future.
November 21, 2024
New EU Commissioner for Migration Magnus Brunner Approved by EU Parliament
The European Parliament has officially confirmed Magnus Brunner, the Austrian Minister of Finance (ÖVP), as the new EU Commissioner for Home Affairs and Migration. During the hearings, Brunner presented his vision for the migration portfolio and caused a stir with his support for the full inclusion of Bulgaria and Romania in the Schengen area. With this approach, Brunner departs from the previous ÖVP position and sends a clear signal for increased European cooperation in migration policy.
November 6, 2024
Austria Continues Cooperation with Serbia to Combat Illegal Migration
Vienna and Belgrade are intensifying their cooperation in the fight against illegal migration and organized crime. At a meeting in Serbia, the interior ministers of both countries emphasized the importance of joint border security measures.
August 6, 2024
Salzburg Forum Ministerial Conference 2024: ICMPD at the Center of Efforts against Migration and Human Trafficking
The ministerial conference of the "Forum Salzburg" in Laxenburg took place under the leadership of the Austrian Minister of the Interior Gerhard Karner. It attracted high-ranking representatives from the Forum's member states as well as the EU Commission and various regional and EU agencies. Discussions focused on topics such as asylum and migration, the fight against people smuggling, and measures against extremism and terrorism.
July 2, 2024
Partial Schengen Integration of Romania and Bulgaria
A first step towards the full integration of Romania and Bulgaria into the European Schengen area has been completed. With the abolition of entry controls on air and sea travel for citizens of these countries, known as "Schengen-Air", an intermediate path was found between Romania's and Bulgaria's aspirations towards integration and Austria's veto stance.
April 2, 2024
Austria's Industry Welcomes "Schengen Air" Agreement
Austrian industry has recently expressed its support for the "Schengen Air" agreement with Romania and Bulgaria. This agreement is seen as an important step towards European integration, especially for Central and Eastern Europe.
January 1, 2024
Schengen Enlargement: Romania and Bulgaria Move Closer, Austria Remains Reluctant
A political agreement is emerging between Romania, Bulgaria, and Austria in the discussion about the expansion of the Schengen area. Romania and Bulgaria are aiming to apply the Schengen acquis at their air and sea borders from March 2024, but Austria remains cautious about the two countries fully joining the Schengen zone.
December 28, 2023
Bulgaria's Foreign Minister in Vienna: Focus on Austria's Schengen Veto against Bulgaria and Romania
At a meeting in Vienna, the Deputy Prime Minister and Foreign Minister of Bulgaria, Mariya Gabriel, and her Austrian counterpart, Alexander Schallenberg, emphasized the importance of close cooperation between their countries for security and stability in Europe. Both countries will soon be celebrating 145 years of diplomatic relations and underlined their role as key players in European politics. However, the meeting was overshadowed by Austria's Schengen veto against Bulgaria and Romania.
November 22, 2023
Austria's Schengen Veto Dominates Meeting Between Austria's Nehammer and Bulgaria's Denkov
A significant meeting took place in Vienna between Austrian Chancellor Karl Nehammer and Bulgarian Prime Minister Nikolay Denkov. The talks focused on Austria's persistent Schengen veto, which currently prevents an expansion of the Schengen area to include Bulgaria and Romania.
October 25, 2023
Possible Spy Ring: Ex-Wirecard Manager and Suspected Russian Spies on Trial
British investigators suspect that former Wirecard manager and Austrian Jan Marsalek was involved in a spy network acting for Russia. This information became known through a communication from the British public prosecutor's office and was later reported by BBC and "Spiegel".
September 26, 2023
European Forum Wachau: Building a Resilient, Green, and Competitive Europe
The event under the general theme "Building a Resilient, Green and Competitive Europe" takes place for the 27th time. This year, the Europa Forum Wachau invited top-class guests to discuss the most important European issues. Among others also the topic of illegal migration, the war in Ukraine, and the Euro-integration of the Western Balkan states.
June 25, 2023
Bulgaria Assumes FSC Chairmanship Amid Ongoing Concerns Over Russia's War Against Ukraine
In turbulent times, Bulgaria has taken over the charir of the Forum of Security Cooperationa (FSC) at the Organisation for Security and Cooperation in Europe (OSCE), succeeding Bosnia and Herzegovina.
May 14, 2023
Federal Police Director Emphasizes Importance of EU External Border Protection
Austrian Federal Police Director Michael Takács took part in the “Effective Management of EU Borders” conference in Bulgaria’s capital, Sofia. The conference had two central themes: protecting EU external borders and combating smuggling.
February 12, 2023
Dutch Prime Minister Mark Rutte Met with Chancellor Nehammer
Austrian Chancellor Karl Nehammer Welcomed Dutch Prime Minister Mark Rutte in Vienna. Their main topic of discussion was migration and requesting EU regulations regarding the external borders.
January 30, 2023
Bosnia and Herzegovina is the New FSC Chairmanship of the OSCE
Bosnia and Herzegovina was recently appointed to hold the Forum for Security Co-operation (FSC) Chairmanship for the first term of 2023. Each meeting's agenda is set by the Chairmanship, which emphasizes issues concerning the implementation of commitments adopted by the Forum. Bosnia and Herzegovina shows empathy with Ukraine, due to the country's own history of violent conflicts.
January 24, 2023
Chancellor Nehammer Requests Two Bio. Euros for Bulgaria’s Border Protection
Austrian Chancellor Karl Nehammer asked the EU Commission for two Bio. Euros to support Bulgaria’s border control. Nehammer and the Minister of Interior Gerhard Karner observed the situation this week at the Bulgarian-Turkish border.
January 24, 2023
Czech Foreign Minister States That Austria's Schengen-No Was Unexpected
Czech Presidency Europe was briefly troubled by Austria's No to Schengen enlargement regarding Bulgaria and Romania. For Czech Foreign Minister Jan Lipavsky, Austria's "no" vote regarding Romania's and Bulgaria's Schengen accession came "suddenly".
January 4, 2023
Austrian Government Reviews the Year 2022
Austrian Chancellor Karl Nehammer and Vice-Chancellor Werner Kogler made a review and concluded the year 2022 with a positive and determined outlook for the following year. The subjects of the past year were the recovery from the pandemic, the energy crisis, inflation and the Russian invasion of Ukraine.
December 25, 2022
Minister Edtstadler Pushes for Registration of Migrants in Hungary
Austrian Minister of Europe Karoline Edtstadler pushes for the initial registration of migrants in Hungary before they enter Austria. This is seen as a preemptive measure against the rising numbers of illegal migrants in Austria.
December 20, 2022
Romania Got Denied Schengen Because of Austria's Veto
On Thursday, the 26 responsible ministers of the Schengen states held a summit in Tirana where Austria denied Romania and Bulgaria access to the Schengen area. Chancellor Karl Nehammer made reassuring statements on Saturday regarding this issue.
December 11, 2022
Austria Still Declines the Schengen Expansion
Austrian Chancellor Karl Nehammer confirmed Austria’s negative position towards the Schengen expansion today. At the Western Balkan meeting today in the Albanian capital Tirana, Nehammer declined further Schengen expansions for now.
December 7, 2022
Weekly Briefing: IAEA Finally Sent Mission to Ukraine
The Find out more about this week's developments. The IAEA finally sent its mission to Ukraine's Zaporizhzhya nuclear power plant and will build a continued presence at the nuclear site. Read about the latest developments in diplomacy in Vienna and Austria.
September 1, 2022
OSCE's Dilemma over Bulgaria's Parliamentary Elections
The OSCE Office for Democratic Institutions and Human Rights (ODIHR) opened its election observation mission on the 2 October early parliamentary elections in Bulgaria, following an official invitation from the national authorities. The OSCE mission will face political turmoil in a country fighting corruption, threatened to be overshadowed by Russian influence and the war in Ukraine
August 31, 2022
Despite the Ukraine War: Raiffeisenbank International Doubles Group Result
In the first half of 2022, Raiffeisen Bank International (RBI), which is heavily active in Eastern Europe, achieved a significant profit despite the Ukrainian conflict. Its Bulgarian subsidiary was sold in June, which was a major contributing factor.
August 2, 2022
Human Rights in Russia: Third Appeal to the OSCE Moscow Mechanism Since the Outbreak of War in Ukraine
The OSCE Moscow Mechanism was recently requested by 38 states, including Austria, to appoint an OSCE expert to review the human rights situation in Russia. Since the outbreak of the Ukrainian war, the Moscow Mechanism has already been contacted three times.
July 29, 2022
Austria Supports Joint Statement for Ukraine's Case Against Russia Before the International Court of Justice
The European Union, Austria, and over 40 other nations have issued a statement supporting Ukraine's case before the International Court of Justice against Russia. In order to hold Russia accountable for its violations of international law, the Joint Statement has been released.
July 15, 2022
Three Seas Initiative in Riga for Common Ground against Russia
The Three Seas Initiative met in Riga. Austria and eleven other Central Eastern European countries accepted Ukraine as a member of the Three Seas Initiative at the Presidential Summit in Riga. Austrian President Van der Bellen traveled to Riga and appealed for unity against Russia.
June 20, 2022
Austrian Foreign Minister Schallenberg Visits Bulgaria and North Macedonia
Austria's Foreign Minister Alexander Schallenberg travels to Bulgaria and Northern Macedonia to promote EU enlargement in the Western Balkans. Especially against the backdrop of the Russian war of aggression in Ukraine, stable and European-oriented Balkans are important.
May 10, 2022
ICPDR: Contracting Parties Renew Commitment to Protect the Danube
The contracting parties to the International Commission for the Protection of the Danube River (ICPDR) reaffirmed their commitment to protecting the Danube River Basin at a Ministerial Meeting in Vienna. Read about the Management Plans adopted by the Commission and what this means for the Danube.
February 10, 2022
Vienna Economic Forum: Ambassador of Romania Becomes New Member of the Ambassadors Committee
The Romanian Ambassador in Vienna, H.E. Emilian Hurezeanu, was welcomed as a new member of the Ambassador Committee of the Vienna Economic Forum.
September 9, 2021
Bulgarian President Meets With Van der Bellen in Salzburg
Bulgarian President Rumen Radev recently met with Austrian President Alexander Van der Bellen at the Salzburg Festival. The two discussed various issues, including climate change, migration, the Western Balkans and more. Read more about their meeting.
August 2, 2021
Covid-19 in Austria: These Are the Updated Entry Rules
Due to today's amendment of the Austrian "COVID-19 Entry Regulation 2021", we bring you an update on the regulations for entering Austria.
July 20, 2021
Austrian-Based EU Strategy for the Danube Region Celebrates Anniversary
The EU Strategy for the Danube Region celebrates its 10th anniversary by highlighting its importance and contribution to Europe. 14 countries with a population of around 115 million people make up one of the strongest economic forces on the European continent.
June 29, 2021
Prime Ministers from Bulgaria, the Czech Republic, Slovenia, Latvia and Croatia Meet Kurz
In order to discuss the EU vaccine distribution, the Prime Ministers from Bulgaria, the Czech Republic, Slovenia, Latvia, Croatia met Austria's Chancellor Sebastian Kurz. The country representatives demand a correction mechanism, which would erase differences in the vaccination progress between member countries.
March 17, 2021
Austria Lifts Landing Bans for Airplanes from All 18 Countries that were Previously Banned
The previous landing bans for aircraft from 18 countries expired on 1 August 2020. From now on, new entry regulations will apply, requiring a mandatory Covid 19 test. There are exceptions for diplomats and some other groups.
August 1, 2020
Landing Ban at Austrian Airports Extended from 10 to 18 Countries
In the fight against the coronavirus pandemic, Austria will reinforce the landing bans for aircraft from COVID-19 risk areas as of Thursday, 16 July. Thus, landing bans will apply to aircraft from the following countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, China, Egypt, Iran, Kosovo, Moldova, Montenegro, North Macedonia, Portugal, Romania, Russia, Serbia, Sweden, United Kingdom and Ukraine.
July 14, 2020
Stricter Border Controls and Travel Warning for Western Balkans, Romania, Bulgaria and Moldova
Due to the high infection rates in these countries, Austria declares the highest security level. Anyone who travels to Romania, Bulgaria, the Republic of Moldova or, for example, to the countries of the Western Balkans, despite an upright travel warning, must undergo a 14-day home quarantine or a negative covid test upon returning to Austria. This is not a recommendation, but a legal regulation. Fines of up to 1,450 euros will be imposed.
July 8, 2020
Bulgarian Head of State Radew Met Austria's Heads of State
During the first official visit of the Bulgarian President Rumen Radev to Vienna, he met with President Van der Bellen in the Hofburg, Chancellor Bierlein in the Federal Chancellery and President Sobotka in Parliament.
October 7, 2019
Danube Region Business Forum - Infrastructure and Its Implications on Business in CEE and SEE
The Danube Region is one of the traditionally important markets for Central European regions and companies. However, the infrastructure of this region does not yet meet the requirements of the economy. The 8th Danube Region Business Forum will take place on 9 October 2018 at the Austrian Federal Economic Chamber in Vienna. The aim of the forum is to ensure that the infrastructural quality and cooperations in the region meet the requirements of the economy.
October 3, 2018
Lasting Rivals - Byzantium & the West
Schallaburg Castle in Lower Austria is recalling a fascinating story from the past that was long forgotten but still shapes Europe today. It is the story of Byzantium and the West.
June 4, 2018
Goals for Austria's Presidency of the Council of the European Union
On 1 July 2018, Austria will take over the Presidency of the Council of the European Union from Bulgaria. During its Presidency of the Council of the European Union (1 July to 31 December 2018), guided by the motto "A Europe that protects", Austria will focus on three key areas: security and the fight against illegal migration, retaining competitiveness through digitalisation, and stability in the neighbouring regions (particularly the accession of the Western Balkans to the EU).
April 25, 2018
The New Balkans in the Year of Hope for EU Enlargement
2018 has been frequently described as the „year of hope“ for EU enlargement and for the Balkans. In February 2018, a new Enlargement Strategy was presented in Strasbourg by the EU Commission. Bulgaria, currently having the Presidency of the Council of the EU, will organize a major Balkan’s Summit in May 2018. Austria, for a long time one of the most prominent promoters of the EU Enlargement for the Western Balkans and a country deeply intertwined with the region, will assume the EU presidency in the second half of 2018. 2018 represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making enlargement perspective realistic for 2025.
April 20, 2018
Kapsch TrafficCom AG / Kapsch TrafficCom awarded contract for nationwide tolling system in Bulgaria
Kapsch TrafficCom, a listed company, has been awarded the contract to implement a nationwide tolling system in Bulgaria for trucks over 3.5 tons, including technical configuration and provision of technical support.
October 10, 2017
Western Balkans Summit was Held in Paris
Following the 2014 Western Balkans Summit in Berlin and the Vienna Western Balkans Summit of August 2015, the third Western Balkans Summit was held in Paris in the context of the ‘Berlin Process’. More than 500,000 of the people with migration background who live in Austria are from the region. Austrian companies have hundreds of branches or subsidiaries in the Western Balkans, which clearly illustrates the very close economic relations.
July 8, 2016
Western Balkans Countries Discussed Investment, Jobs and Integration in Vienna
The World Bank and the Vienna Institute for International Economic Studies (wiiw) held a high-level policy dialogue on ‘Investment, Jobs and Integration’ last week. Ministers and senior officials from the Western Balkans region as well as policy experts from international organisations and the business community gathered to discuss the challenges the region is currently facing, in particular the high unemployment rate, low international competitiveness, and lack of modern infrastructure.
July 8, 2016
Closing of Visa Takeover Brings EUR 97 Million Pre-Tax Profit to RBI
The expected pretax profit from the cash payment of the transaction will be EUR 97 million. It should be booked under net income from financial investments in the second quarter of 2016. Visa Inc. had announced the takeover of Visa Europe Ltd. in November of 2015. The cash payment of this one-off effect will be split between Slovakia, Romania, Czech Republic, Poland, the RBI head office, Croatia, Bulgaria, Hungary and Zuno.
June 21, 2016
The Western Balkans Conference Which Led to Row Over Worsening Refugee Crisis
Convened on the initiative of Austrian Foreign Minister Sebastian Kurz and Austrian Minister of the Interior Johanna Mikl-Leitner, the Western Balkans conference “Managing Migration Together” was held at the Federal Ministry of the Interior in Vienna. 18 foreign and interior ministers from the Western Balkans attended the conference. The participants included the foreign and interior ministers of Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Serbia and Slovenia.
February 26, 2016
Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna
The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.
January 20, 2016
Report: Drug Money and Opiate Trafficking on the Balkan Route
A report recently launched by the United Nations Office on Drugs and Crime (UNODC) shows that the total value of illicit heroin and opium trafficked from Afghanistan to Western Europe through the Balkans amounts to some $28 billion every year. Sixty-five per cent of this total ($18 billion) is generated in Western and Central Europe.
December 14, 2015
CEE in the Autumn of 2015 is the New Safe Haven
The key conclusion of UniCredit’s CEE Quarterly 4Q 2015 is that the CEE region, despite its heterogeneity, looks better positioned than most other large emerging markets to cope with potential challenges. In particular they found that market volatility spiked in 3Q15, with the uncertainty surrounding the anticipated Fed rate hike augmented by growing worries about a “hard landing” in China.
September 25, 2015