Development

Vietnam and Austria Celebrate 50 Years of Diplomatic Relations

To mark the 50th anniversary of diplomatic relations between Vietnam and Austria, the Vietnamese Foreign Minister Bui Thanh Son visited Vienna. Together with Austria's Foreign Minister Alexander Schallenberg, the two counterparts discussed the good relations between the two countries and exchanged views on current international challenges, such as the Ukraine war.

September 29, 2022

"Award for Innovation in Africa" Awarded for the First Time in Austria

The "Kofi Annan Award for Innovation in Africa" was awarded for the first time this week to African start-ups, all of which were dedicated to the topic of digital health. The three winners come from Kenya, Nigeria and Zimbabwe and can look forward to prize money of 250,000 euros each. Read on to find out what goals the respective projects have set themselves.

July 12, 2022

Austrian Foreign Minister Schallenberg in Serbia and Kosovo

Austrian foreign policy is always eager in the Balkans, especially in times of the Ukraine war. Austria's Foreign Minister Alexander Schallenberg traveled again to the Western Balkans region, more precisely to Serbia and Kosovo. The talks focused on the impact of the Russian war against Ukraine, the European perspective of the Western Balkan countries and the dialogue between Serbia and Kosovo.

June 14, 2022

Austrian Finance Minister Elected Chairman of the Board of Governors of EBRD

With Magnus Brunner, the EBRD is getting an Austrian as the new Chairman of the Board of Governors. Austria's Finance Minister succeeds the Portuguese Finance Minister and will hold the office for one year. Brunner takes over this position at an enormously important time, as the European Bank for Reconstruction and Development is playing a central role in the reconstruction of Ukraine with its financial resources.

May 12, 2022

EU - African Union Summit as Driver for Strengthened Economic Partnership between African Countries and Austria

Austria plans to use the upcoming European Union - African Union Summit as a means to strengthen the economic partnership between African countries and Austria. Read more about Austria's plans for strengthening cooperation with Africa.

February 15, 2022

Austrian Development Cooperation until 2021 - Sustainable Development Reaching People

In the next three years, the Austrian Development Cooperation will focus above all on the promotion of women and local development assistance.

January 24, 2019

Innovation Indicator 2011: Austria Has Improved Markedly

In a ranking of 26 industrialized countries, Austria has risen to the eighth place. The R&D ratio has climbed to 2.8% of GDP.

October 13, 2011

“We Need to Increase Support for SME”

Experts say the government’s efforts for increasing the research quota are half-hearted. € 600m per year would be necessary to achieve the target.

June 24, 2011

WKÖ Promotes Trade With Developing Countries

The Economic Chamber Austria presents its strategies to strengthen Austrian companies in order to take advantage of business opportunities in developing and emerging countries more effectively.

November 23, 2010

Junge Industrie Wien: Explosive Generational Balance Study

Junge Industrie Wien calls for "courageous steps". The credo is future investments instead of transfer payments.

November 17, 2010

Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver

The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.

November 8, 2010

Unexpected Rise in Research Expenditure

Against the general trend, Austria's economy is increasingly investing in research and know-how.

November 4, 2010
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