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Wiiw Forecast: Central and Eastern Europe Remain on Solid Growth Path Despite Trump’s Tariffs
Despite mounting global trade tensions, Central, Eastern, and Southeastern Europe (CESEE) economies are set to maintain strong growth in 2025, according to the latest Spring Forecast published by the Vienna Institute for International Economic Studies (wiiw). The report highlights the region’s resilience in the face of U.S. President Donald Trump’s protectionist policies and broader global uncertainties.
April 29, 2025
Vienna Welcomes Sainer's Vibrant 'Kolorganism' Exhibition at Künstlerhaus with the Support of the Polish Embassy
Venna’s historic Künstlerhaus became the stage for a striking encounter with contemporary art as it hosted the vernissage of Kolorganism, the latest exhibition by Polish artist Przemysław Blejzyk, widely known by his artistic moniker, Sainer. Organized as part of the International Cultural Programme accompanying Poland’s 2025 EU Council Presidency, the event drew a full house of art lovers, cultural figures, politicians, and diplomats, all eager to immerse themselves in Sainer’s colorful world.
April 28, 2025
Strengthening the Economic Bridge Between China and Austria at the 15th Investment Seminar in Vienna
The 15th seminar on “Austria as an investment location” took place in the Austrian capital in the context of growing economic ties between China and Europe. The event was organized by the Embassy of the People's Republic of China in Vienna, under the direction of Ambassador Qi Mei. The high-caliber event brought together representatives from Austrian federal authorities, economic institutions, and federal states as well as numerous executives from Chinese companies operating in Austria.
April 21, 2025
ECB Cuts Key Interest Rate Again: Vienna Stock Exchange Reacts Cautiously
The European Central Bank (ECB) cut its key interest rate again, for the seventh time since June 2024. The deposit rate, a key reference value for banks and savers, was lowered by 0.25 percentage points to 2.25 percent. The measure had been expected, but its frequency and the tone of the ECB's communication make it clear that the situation is serious.
April 17, 2025
Austria Backs Multilateralism and Calls for Strengthening of International Cooperation in Vienna
Austrian Foreign Minister Beate Meinl-Reisinger opened the constituent meeting of the Council for Austrian Integration and Foreign Policy (RIA) in Vienna. In her speech, she emphasized the central role of multilateral organizations such as the EU, the UN, and the OSCE in ensuring security and stability in the face of global tensions.
April 17, 2025
Austria Wants to Attract U.S. Researchers to Europe as a Science Location
In view of drastic cuts in research funding by the US government under President Donald Trump, the American scientific landscape is currently experiencing considerable turbulence. This development offers European countries, especially Austria, the opportunity to attract highly qualified researchers and strengthen their own research location.
April 17, 2025
Austria's Verbund Takes Over 272 MW Wind Project in Romania
The partly state-owned Austrian energy group Verbund has acquired a fully developed wind power project with a capacity of 272 megawatts (MW) from the Monsson Group via its Romanian subsidiary Verbund Wind Power Romania. The project is located in Caraș-Severin County in southwestern Romania and is expected to drive forward the energy transition in Europe.
April 10, 2025
U.S. Tariffs Cause Tensions: Austria between Willingness to Negotiate and Strong Response
Transatlantic economic relations are once again being put to the test. Following the US decision to impose import tariffs on European products - particularly steel, aluminum, and a range of industrial goods - under former President Donald Trump, the EU has responded with a second package of sanctions. Stakeholders in Austria are also taking a clear stance - between calls for diplomacy and calls for consistency.
April 9, 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.
April 6, 2025
Polish Diplomats Discuss New Geopolitical Reality at Conference in Vienna
Under the title “European Security in the New Geopolitical Reality”, political and diplomatic representatives, as well as experts, gathered to discuss Europe's security policy challenges in times of global upheaval. The conference, organized by the Polish Embassy in Vienna and the Institute for the Danube Region and Central Europe (IDM), sent a strong signal about the need for a common European course.
April 2, 2025
Taxes Rising, Deficit Growing: Austria Faces EU Criminal Proceedings
Austria is threatened with EU deficit proceedings - at 4.7 percent of GDP, the budget deficit is well above the Maastricht limit. To counteract this, the federal government is taking the first noticeable steps - above all, tax increases on tobacco, betting, e-vehicles, and court fees. However, experts warn that the road to budget consolidation is rocky and politically explosive.
April 1, 2025
Austria's Budget Crisis: Between Austerity Measures and Deficit Procedures
The Austrian government is facing one of the biggest financial challenges in recent years: the budget deficit, originally estimated at 6.4 billion euros, has almost doubled according to current forecasts and could reach up to twelve billion euros. This dramatic development forces the coalition of ÖVP, SPÖ, and NEOS to rethink their austerity plans and possibly face an EU deficit procedure.
March 31, 2025
Iran Demands Conditions for Nuclear Negotiations With the USA
The Iranian government is prepared to accept the negotiations on its nuclear program offered by US President Donald Trump but has set clear conditions regarding the sanctions against the Iranian economy, society, and the state itself.
March 23, 2025
Meeting of Foreign Ministers in Vienna: Austria Strengthens Partnership with North Macedonia
Political cooperation between Austria and North Macedonia is under a new star: Just a few days after her inauguration as Foreign Minister, Beate Meinl-Reisinger received her counterpart Timčo Mucunski in Vienna. The meeting was seen as an important diplomatic prelude, characterized by solidarity and determination, both in humanitarian and political terms. The tragic events in Kočani brought the relationship between the two countries into focus, while at the same time the European future of North Macedonia was discussed.
March 20, 2025
Economic Forum in Vienna: Poland and Austria in Dialogue on Security and Economy
As part of the Polish EU Council Presidency, the high-caliber forum “Ensuring Security and Freedom of Business - Polish and Austrian Perspectives” took place at the headquarters of the Austrian Federal Economic Chamber (WKÖ). The event, which was organized by the Polish Embassy in Vienna in cooperation with the WKÖ, brought together over 130 representatives from public institutions, business organizations, and various industries from both countries. The event aimed to discuss current challenges and opportunities in the areas of energy security, digital transformation, and economic policy at the EU level.
March 19, 2025
Vienna Elections 2025: Citizenship and Voting Rights at the Center of the Debate
Vienna's municipal and district council elections are scheduled for April 27. Originally planned for the fall, the election was brought forward in order to send a signal against a possible FPÖ-ÖVP federal government. In addition to party political strategies, one debate dominates the political landscape: the question of voting rights and citizenship.
March 19, 2025
Austria Plans Decision on Long-Range Missile Defense by 2028
The Austrian government has set itself the goal of making a decision on the acquisition of a long-range air defense system by 2028.
March 14, 2025
Austria Threatened by Recession: Finance Minister Marterbauer Warns of Difficult Year Ahead
Finance Minister Markus Marterbauer (SPÖ) made a grim forecast for the Austrian economy at a meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Brussels. According to Marterbauer, the country must expect a recession in 2025. This could have far-reaching consequences for the budget and the government's ability to act financially. Despite this negative development, the federal government is sticking to its goal of avoiding an EU deficit procedure.
March 12, 2025
Russian Ambassador Lyubinsky Sharply Criticizes Austria
The Russian Ambassador to Austria, Dmitry Lyubinsky, delivered a speech before the members of the "Society for Friendship with Austria" (ROO). The event, originally intended to promote cultural and civil society exchange, turned into a sharp political reckoning with the Austrian government.
March 11, 2025
Progress and Deadlocks: 63rd Round of the Geneva International Discussions
The 63rd round of the Geneva International Discussions (GID) took place at the Palais des Nations in Geneva. Under the leadership of the United Nations, the Organization for Security and Cooperation in Europe (OSCE), and the European Union (EU), representatives of various conflict parties gathered to discuss security issues and humanitarian concerns in the region. While some progress was made, key topics remained unresolved due to diplomatic tensions.
March 10, 2025
New Economics Minister Hattmannsdorfer Against the Deindustrialization of Austria and Europe
Dr. Wolfgang Hattmannsdorfer (ÖVP) sent out a signal for the importance of industry in Austria with his first official company visit as Minister of Economic Affairs. The trip took him to his hometown of Linz to voestalpine, where he emphasized that the business location is facing decisive challenges. The new minister assured that “the stop button for industrial migration” would be pressed with the new government program.
March 5, 2025
Beate Meinl-Reisinger: Austria's New Voice in World Politics
The inauguration of Beate Meinl-Reisinger as Federal Minister for European and International Affairs marks the beginning of a new era in Austrian foreign policy. The long-time NEOS leader takes over the prestigious ministerial office in the newly formed federal government under Chancellor Christian Stocker (ÖVP). This government formation also marks a historic first: for the first time in Austria's history, the liberal NEOS party is represented in the federal government.
March 4, 2025
Alexander Schallenberg's Farewell from Politics: “There Can not be a Perpetrator-Victim Reversal”
After almost six years in government, Foreign Minister and two-time interim chancellor Alexander Schallenberg (ÖVP) is leaving the political stage. In a farewell interview, he talks about his time in office, the geopolitical challenges under Donald Trump, and his plans for the future.
March 4, 2025
UN in Vienna Warns: Europe Poorly Prepared for Dangerous Synthetic Drugs
The rapid spread of synthetic drugs poses a growing threat to public health and is fundamentally changing global drug black markets. The United Nations International Narcotics Control Board (INCB) in Vienna warns in its latest annual report that Europe is ill-prepared for this danger and that a coordinated, determined strategy is needed to combat the threat.
March 4, 2025
Taiwan Representation in Vienna Calls for International Support against Beijing's Isolation Tactics
Taiwan is under constant pressure from China. In addition to threatening military gestures, Beijing is increasingly relying on hybrid warfare to isolate the island republic internationally. A recent incident in which a Chinese ship is believed to have severed an undersea cable between Taiwan and the Penghu Islands highlights the vulnerability of the global communications infrastructure.
February 28, 2025
Russia's Ambassador to Austria Dmitry Lyubinsky Calls for New Security Architecture for Europe
In a recently published article, the Russian ambassador to Austria, Dmitry Lyubinsky, sharply criticized Western reporting on the Ukraine conflict and emphasized the need for sustainable peace solutions. But to what extent do his statements stand up to critical scrutiny?
February 25, 2025
EU Foreign Affairs Council: Schallenberg Addresses Ukraine and Global Challenges
Austrian Chancellor and Foreign Minister Alexander Schallenberg joined his EU counterparts at the EU Foreign Affairs Council to discuss pressing geopolitical issues, reaffirming solidarity with Ukraine, assessing developments in the Middle East, and reviewing strategies for stability in Syria and the Democratic Republic of the Congo.
February 24, 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.
February 18, 2025
Oligarchs and Their Real Estate: How Effectively Is Austria Implementing the Russia Sanctions?
Almost three years after Russia's invasion of Ukraine, experts and politicians are puzzled as to how seriously Austria is implementing the EU sanctions against Russian oligarchs. Research shows that only nine properties have been frozen in this country, while other EU states are more transparent with their measures and enforce them more strictly.
February 17, 2025
Equal Pay Day 2025: Highlighting the Ongoing Gender Pay Gap
Equal Pay Day is a significant reminder of the persistent income disparity between men and women. This symbolic day marks the point in the year until which women have effectively worked "for free" compared to their male counterparts, based on the gender pay gap.
February 13, 2025
AI Action Summit in Paris: Strengthening International Cooperation
The Artificial Intelligence Action Summit, held in Paris on February 10 and 11, brought together world leaders, policymakers, and experts to discuss the future of AI. As artificial intelligence continues to shape economies, industries, and societies worldwide, the summit aimed to establish a collaborative and ethical framework for its development. At the invitation of French President Emmanuel Macron, Austrian Chancellor Alexander Schallenberg and State Secretary for Digitalization Claudia Plakolm participated in the discussions.
February 12, 2025
Steyr Arms Pushes Expansion - Austria as a Location in Danger?
The Austrian arms manufacturer Steyr Arms, part of the Czech investment group RSBC since 2024, is planning extensive expansion in the US and European markets. At the same time, the site in Austria is coming under pressure as export licenses are being delayed. While the company management wants to secure the future of the traditional business with new strategic decisions, a relocation could be considered.
February 11, 2025
Shock for Austrian Foreign Trade: Weak Demand from Abroad Depresses Exports
The Austrian economy is facing a new challenge: exports slumped more sharply in November 2024 than they have for years. In particular, weak demand from Germany and the EU is causing concern - experts are warning of long-term consequences for industry and the labor market.
February 7, 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.
February 6, 2025
Austria's Federal President Van der Bellen Calls on Diplomacy for Unity
In his traditional speech at the New Year's reception for the diplomatic corps in Vienna's Hofburg, Austrian President Alexander Van der Bellen highlighted the challenges of the current global situation. He emphasized the need for closer international cooperation, warned against increasing disinformation, and called for greater efforts to combat the climate crisis.
February 5, 2025
Schallenberg Attended EU-Summit Calling for Unity in Trade and Security Policies
European leaders gathered in Brussels for an informal EU summit to discuss pressing issues related to security, defense, and transatlantic relations. Austrian Chancellor Alexander Schallenberg emphasized the need for a united European stance amid growing geopolitical tensions, particularly in response to potential trade disputes with the United States.
February 3, 2025
Coalition Negotiations Between FPÖ and ÖVP Enter Decisive Phase
The coalition negotiations between the Freedom Party of Austria (FPÖ) and the Austrian People's Party (ÖVP) are reaching a critical juncture. According to party sources, FPÖ leader Herbert Kickl and ÖVP chairman Christian Stocker are meeting today and tomorrow in a smaller circle for discussions. The goal is to overcome unresolved issues and lay the foundation for a joint government. However, differences remain significant.
February 3, 2025
Poland as a New Military Power in Europe: A Bulwark against Russia and a New Strategic Leadership Role in the EU
In recent years, Poland has developed into one of Europe's most important defense powers. Given the ongoing threat from Russia, Warsaw is focusing on a massive rearmament, stronger military cooperation with allies, and an active role in European security policy. By assuming the EU Council Presidency in January 2025, Poland will also have the opportunity to anchor its security policy priorities at the European level and set a new security policy course.
February 2, 2025
Poland Takes Over EU Council Presidency: Ceremonial Opening by Polish Embassy in Vienna
The Polish Presidency of the Council of the European Union was ceremoniously opened in the magnificent ballroom of Vienna City Hall by the Polish Embassy in Vienna. Around 180 high-ranking guests from politics, diplomacy, business, and society took part in the festive event, which marked a symbolic start to Poland's six-month term at the head of the Council of the European Union.
February 2, 2025
Bitpanda Receives EU-Wide MiCAR License and Plans Further Growth
The Viennese crypto platform Bitpanda is one of the first companies to receive the coveted MiCAR license. This license, issued by the German Federal Financial Supervisory Authority (BaFin), has been fully valid since January 2025 and enables crypto service providers to operate their business within the European Union under a uniform legal framework.
January 27, 2025
EU Stops Erasmus Funding for Modul University in Vienna
The EU Commission has decided to withdraw funding from the Erasmus exchange program at Modul Private University in Vienna. The reason for this is the ownership structure of the university: 90 percent of it is owned by a Hungarian foundation, which is subordinate to the Mathias Corvinus Collegium (MCC) think tank. This is seen as a cadre factory of the Hungarian government under Viktor Orbán.
January 23, 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.
January 21, 2025
Austria Signs Letter of Intent for Southern Hydrogen Corridor
In a pioneering initiative, Austria, Italy, Germany, Algeria, and Tunisia signed a declaration of intent for the construction of the “SouthH2 Corridor” in Rome today. This pioneering infrastructure project will transport green hydrogen from North Africa to Europe over a distance of 3,300 kilometers and make the continent's energy supply more sustainable and independent.
January 21, 2025
Political Scandal at FPÖ Regulars' Table: Outrage with EU-critical and Derogatory Statements
A secretly recorded video from a FPÖ Regulars' Table or "Stammtisch" in Vienna-Simmering has sparked outrage. FPÖ National Council members Harald Stefan and Markus Tschank sharply criticized the ÖVP and the European Union, made derogatory remarks about refugees, and caused consternation with their praise for the Taliban regime.
January 16, 2025
Alexander Schallenberg Takes Over the Chancellery and Focuses on Continuity
Following the resignation of Karl Nehammer on January 10, 2025, Austrian President Alexander Van der Bellen has entrusted the previous Foreign Minister Alexander Schallenberg with the continuation of the business of the Federal Chancellery and the chairmanship of the provisional Federal Government. Schallenberg, who already served as Chancellor from October to December 2021, will remain Foreign Minister. He sees his new role as a responsibility to ensure stability in a difficult political phase and to lead the country until a new government is formed.
January 12, 2025
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.
January 9, 2025
Finland Takes Over OSCE Chairmanship: Focus on Resilience and Ukraine Support
In 2025, the 50th anniversary year of the Helsinki Final Act, Finland will assume the Chairmanship of the Organization for Security and Co-operation in Europe (OSCE). With a clear focus on strengthening the resilience of the participating states and the organization, Finland is taking on a central role in Europe, marked by geopolitical tensions.
January 2, 2025
Further EU Infringement Proceedings Initiated Against Austria
The European Commission has initiated further infringement proceedings against Austria. The reason: is non-compliance with EU regulations on the recognition of professional qualifications. The Commission sees this as violating the rules intended to make it easier for freelancers and employees to work temporarily and occasionally in other Member States.
December 16, 2024
Reforms as the Key to the Future of the EU: Bosnia and Herzegovina on the Road to Membership
Austrian Foreign Minister Alexander Schallenberg received his counterpart from Bosnia and Herzegovina, Elmedin Konaković, for a working meeting in Vienna. The meeting focused on Bosnia and Herzegovina's EU accession process, bilateral relations, and current foreign policy issues. The message was clear: reforms are the key to the country's EU future.
December 11, 2024
Polish Minister Katarzyna Kotula Visits Austria: Joint Impulses for European Equality Policy
The Polish Minister for Gender Equality, Katarzyna Kotula, visited Austria. The focus of her visit was a meeting with the Austrian Federal Minister for Women, Family, Youth and Integration, Susanne Raab. The talks focused on gender equality policies in Europe, particularly in Poland and Austria, as well as on anti-discrimination laws in both countries. The plans of the Polish EU Council Presidency, which Poland will assume from January 2025, were also discussed.
December 11, 2024
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