Germany

Austrian Real Estate Companies with Devaluations in Central and Eastern Europe

Austrian real estate companies CA Immo and s-Immo felt the pressure of the Covid-19 crisis and had to face significant revaluations of their properties in Austria, Germany and Central Eastern Europe.

August 25, 2020

Vienna's Mayor Michael Ludwig Met German Vice Chancellor and Minister of Finance Olaf Scholz

Mayor Michael Ludwig and German Vice Chancellor Olaf Scholz met for a working meeting in Vienna. Discussions were held about economic relations and municipal topics such as affordable housing.

August 25, 2020

Foreign Direct Investment into Austria Last Year Still Unbroken

According to the Austrian Business Promotion Agency for foreign corporate investors, 462 international companies with an investment volume of 1.85 billion euros were still being supported in 2019 in establishing a business in Austria. This resulted in the creation of almost 5,000 new jobs.

July 27, 2020

Illegal Migration: Austria Calls for More Coordination and Cooperation on Eastern Mediterranean Routes

Agreement reached at the Ministerial Conference to Combat Illegal Migration on the Eastern Mediterranean Routes in Vienna. It was decided to establish a platform for the fight against illegal migration.

July 24, 2020

German Foreign Minister Heiko Maas Visiting Vienna

In preparation for Germany's EU Presidency in the second half of 2020, German Foreign Minister Heiko Maas visited Austria and met Foreign Minister Schallenberg, among other things to restore normality in the area of freedom of travel as quickly as possible.

June 19, 2020

Austria: No more Border Controls with Neighbouring Countries except Italy

Restrictions on freedom of travel due to the Corona pandemic will be discontinued. The only country for which restrictions remain in place for the time being is Italy. A further evaluation is planned next week.

June 3, 2020

Investing in Vienna: All-time High for the Settlement of International Companies

In 2019, the City of Vienna in cooperation with the Austrian Business Agency (ABA) was able for the eighth time in a row to set a new settlement record with 266 international companies settling in the city. With 25 companies settling in Vienna, the USA came second in the list of the ten most important countries of origin, behind Germany with 61 projects.

June 2, 2020

New Chief Financial Officer at Allianz Group Austria

German-born Anne Thiel (49) is to take over as CFO of Allianz Group Austria on September 1, 2020. She succeeds Eva Meyer-Schipflinger, who will take over a global management position at Allianz SE in Munich.

May 30, 2020

Austria and Germany Agree to Open Borders on 15 June

The gradual opening of the borders between Austria, Germany and Switzerland will begin as early as Friday. From May 15th onwards there will only be spot checks at the borders between Austria and Germany, both countries announced. From 15 June, the borders are to be opened completely. Opening to Italy is not an issue for the time being.

May 13, 2020

German Embassy Vienna: Unusual Repatriation of 300 Germans from Tyrolean Ski Resorts

In an unusual repatriation operation, the German Embassy in Vienna has enabled more than 300 Germans to return home from Austrian quarantine areas.

March 30, 2020

Isolated Austria: 238 Border Closures Approved

Almost complete border closures to almost all neighbours, Germany (58), Italy (47), Switzerland (30), Liechtenstein (11), Slovenia (51) and Hungary (43), with the exception of Slovakia, have been approved by the main committee of the National Council and have already been implemented.

March 21, 2020

Again Border Controls between Germany and Austria

In the wake of the supposed corona danger coming from Germany, Austria has been further sealing itself off from its neighbours since today. According to Minister of the Interior Nehammer, this measure represents "one of many important ones to stop the spread of the corona virus". Medical certificate needed.

March 19, 2020

Coronavirus: Emergency Meeting of Central European Health Ministers in Rome

At the invitation of the Italian Government, the Health Ministers of Austria, Italy, Slovenia, France, Switzerland and Germany are meeting today.

February 25, 2020

Austrian Airlines Extends China Flight Ban as Coronavirus Toll Climbs

AUA Austrian Airlines extends its flight suspensions to mainland China (Beijing and Shanghai) until the end of the winter flight schedule on 28 March 2020. Most recently the flights had been suspended until 29 February.

February 16, 2020

Inaugural Visit: Kurz Meets Merkel in Berlin

The multi-year financial framework, the EU's future process and climate protection in focus at meetings with Chancellor Merkel. There is broad agreement on the financial framework, but on many other issues the chancellors are far apart.

February 3, 2020

Corona Virus: Austrian Airlines Suspends Flights to Mainland China

AUA Austrian Airlines will suspend its flights to and from Beijing and Shanghai. Also its parent company Lufthansa, and Swiss International Air Lines will suspend their flights to and from Mainland China until February 9th.

January 29, 2020

Austrian Art and Culture as a Means of Foreign Policy

Austrian reception on the occasion of the Frankfurt Book Fair (Frankfurter Buchmesse) 2019.

October 17, 2019

Meet the Ambassador of Germany to Austria: H.E. Mr. Johannes K. Haindl

Ambassador Johannes K. Haindl is a lawyer and trained diplomat. He was the ambassador of the Federal Republic of Germany in Vienna from 2015 to 2019. He has gained diplomatic experience in Germany, the United States, the Czech Republic, Turkey and the Western Balkans. He is married and has 3 children.

September 14, 2018 · Updated: October 1, 2019; 12:12

Meet the New Ambassador of Germany to Austria: H.E. Mr. Ralf Beste

The new Ambassador of the Federal Republic of Germany to Austria, H.E. Mr. Ralf Beste presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg. He succeeds Ambassador Johannes K. Haindl in this position.

September 20, 2019

Head of the European Commission in Vienna Leaves for Berlin

The current head of the EC European Commission in Vienna, the German citizen Dr. Jörg Wojahn, will move back to Germany as Head of the European Commission's Representation in Berlin.

August 7, 2019

German Road Toll Discriminates Against Foreigners - ECJ

The German car toll violates EU law. This was decided by the European Court of Justice in a ruling. This levy is discriminatory, since its economic burden lies practically exclusively on the owners and drivers of vehicles registered in other member states. In Austria, the ruling is received with great pleasure, as the country has won the case through its infringement proceedings.

June 18, 2019

Cooperation of the Metropolises Hamburg, Vienna and Zurich

The three German-speaking cities of Hamburg, Vienna and Zurich want to cooperate more closely in their sustainable development within the framework of a city trialogue in line with the United Nations 2030 Agenda for Sustainable Development.

June 12, 2019

Summit of German-speaking Heads of State in Linz 2019

This year's informal meeting of German-speaking heads of state with Federal President Frank-Walter Steinmeier, Grand Duke Henri of Luxembourg, King Philippe of Belgium, Federal President Ueli Maurer, Hereditary Prince Alois von und zu Liechtenstein and Federal President Alexander Van der Bellen took place in Linz. The main topics were current political questions from the respective countries and the future of Europe based on the results of the European elections.

June 5, 2019

Austrian Airlines Responds to Low-Cost Carriers with Low Fares

Austrian Airlines takes up a stance against low-cost competition at Vienna Airport. On the one hand, flights to Germany, such as Düsseldorf, Hamburg and Berlin, will be increased from April onwards. Paris and Copenhagen are to follow in May. On the other hand, prices are to be reduced.

March 22, 2019

Austrian Tourism: 45 Mio. Arrivals and 150 Mio. Overnight Stays in 2018 - Germans Return

With 149.75 million overnight stays in Austrian accommodation establishments, a new record was reached in 2018. Compared to the previous year, overnight stays increased by 5.25 million (+3.6%). At +5.0% (56.26 million), the number of overnight stays by Germans rose disproportionately strongly.

January 24, 2019

Austria in E-Government ahead of Germany and Switzerland

Margarete Schramböck is on the right course. According to a recent study on the e-government situation in Germany, Austria and Switzerland, Austria clearly holds the top position in the e-government country comparison.

November 7, 2018

New Forum for Deepening German-Austrian Relations: Österreichisch-Deutsches Länderforum

Recently the Österreichisch-Deutsches Länderforum e.V. was founded in Vienna by Dr. Harald Wögerbauer with the intention of offering a platform for deepening German-Austrian relations.

May 2, 2018

Vienna's Attractiveness as a Location for Business Continues to Grow

For the sixth year in a row, Vienna recorded the highest number of companies settling in the city. After Vienna had already achieved a record figure in the previous year with 178 international new additions, this was again exceeded last year with 191 new companies, which is an increase of 13%. These business establishments together are responsible for investments totalling €537 million and 1,087 new jobs. There are 344 new foreign invested businesses throughout Austria. German companies remain the number one investors in Austria.

April 30, 2018

Tourism: Vienna Achieves New Record Number of Overnight Stays

Vienna recorded a new tourist record in March with an increase of 8.5% compared to the previous year. The number of guest overnight stays rose to 1,169,000. Most of the tourists came from Germany, Italy, Russia, Spain, the UK and Switzerland.

April 19, 2018

Austria's Capital Market for SMEs on the Brink of a Renaissance

Finance Minister Hartwig Löger plans to revive the Austrian capital market for SMEs by making trading of bearer shares of Austrian companies on the Third Market possible again.

April 11, 2018

Goals of Austria's OSCE Chairmanship 2017

Germany will chair the OSCE until the end of December and will then hand over to Austria in 2017. Austria will promote greater security and stability as well as the preservation of common values within the OSCE region.

August 31, 2016

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

Ursula von der Leyen to Visit Vienna to Discuss Defence Issues

As part of an official visit to Vienna, Ursula von der Leyen, Minister of Defence of Germany, which currently holds the OSCE Chairmanship, will meet OSCE Secretary General Lamberto Zannier. During their meeting, von der Leyen and Zannier will discuss the role of the OSCE focusing in particular on the crisis in and around Ukraine. They will also explore possibilities to strengthen the OSCE and its capabilities.

April 29, 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

Greece Recalls Ambassador to Vienna in Row over Worsening Migrant Issue

By decision of Foreign Minister Nikos Kotzias, Greece’s Ambassador to Vienna, H. E. Mrs. Chryssoula Aliferi, is being called to Athens for consultations aimed at "safeguarding the relations" between the states and peoples of Greece and Austria.

February 25, 2016

Freedom of the Media: The Challenges Propaganda Brings for Journalism

The Office of the OSCE Representative on Freedom of the Media will, together with the German Chairmanship, host an expert meeting on propaganda for war and hatred and freedom of the media on 12 February in Vienna.

February 10, 2016

Germany's Steinmeier Formally Assumes 2016 OSCE Chairmanship

OSCE to serve as a platform for real and honest dialogue on today’s security challenges, says Steinmeier, as Germany formally assumes 2016 OSCE Chairmanship.

January 15, 2016

Conwert in Talks to Purchase BGP Investment's German Properties

Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.

July 22, 2015

IAEA's Position and Road-Map Regarding Iran's Nuclear Program

The International Atomic Energy Agency (IAEA) and the Islamic Republic of Iran (Iran) agree, in continuation of their cooperation under the Framework for Cooperation, to accelerate and strengthen their cooperation and dialogue aimed at the resolution, by the end of 2015, of all past and present outstanding issues that have not already been resolved by the IAEA and Iran.

July 14, 2015

Iran Nuclear Deal: Joint Statement by Federica Mogherini and Iranian Foreign Minister

The joint statement by EU High Representative Federica Mogherini and Iranian Foreign Minister Javad Zarif calls on the world community "to support the implementation of this historic effort". "The Joint Comprehensive Plan of Action is a balanced deal that respects the interests of all sides. It is also complex, detailed and technical."

July 14, 2015

Iran Nuclear Deal: Historic Agreement in Vienna

The so-called P5+1 - the US, UK, France, China and Russia plus Germany and the EU have reached a "historic" deal with Iran on limiting Iranian nuclear activity in return for the lifting of international economic sanctions. The deal, known as the "Comprehensive Joint Plan of Action", was signed today in Vienna.

July 14, 2015

Euromoney Names UniCredit-Bank Best Bank in CEE

Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.

July 14, 2015

Analysis: Austrian Economy Falls Behind Eurozone Average

The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.

June 1, 2015

FDI: Western Europe Overtakes China and North America, Austria Improved Its Position

Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.

May 29, 2015

Germanwings Flight 9525: Captain Tried to Break into Cockpit with Axe, Co-Pilot Hid Illness

The latest reports prove that German Wings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending. German police have been searching the home of co-pilot Andreas Lubitz and his parents. They found a ripped-up sick note showing that he tried to hide his illness from employer German Wings.

March 27, 2015

Germanwings Flight 9525 was a Suicide Mission

According to the latest reports, suicide and mass murder by the co-pilot explains the deaths of 150 people aboard Germanwings flight 9525 from Barcelona to Düsseldorf. There is clear evidence that 27-year-old German co-pilot Andreas Lubitz deliberately locked the pilot out of the cockpit and then began with the Airbus A320 a constant, unauthorized and deadly descent. Brice Robin, the public prosecutor from Marseille told a press conference that the first officer had locked the captain out of the cockpit and set the controls of the Airbus for a rapid descent and the eventual crash into the French Alps. The Aviation Safety Network has published a list of aircraft accidents caused by pilot suicide (see below).

March 26, 2015 · Updated: March 26, 2015; 18:30

Analysis: Crash of Germanwings Flight 9525 - Investigation and Latest Responses

Yesterday Germanwings Flight 9525 from Barcelona to Düsseldorf, an Airbus A320-200, crashed around 100 kilometres (62 mi) northwest of Nice, in the French Alps. All 144 passengers and six crew members died. People on board by nationality were: Germany 67, Spain 45, Kazakhstan 3, Mexico 3, Argentina 2, Australia 2, Colombia 2, Croatia 2, Japan 2, Morocco 2, Belgium 1, Denmark 1, Israel 1, Netherlands 1, Turkey 1, United Kingdom Several (unconfirmed), and unknown 15. The aircraft had reached its cruising altitude, flight level 380 (approx. 38,000 ft [12,000 m]) at 9:27 GMT. Three minutes later the aircraft began its descent - the purpose of the descent is not currently known. 14 minutes after the initial descent, radar contact with the aircraft was lost. Meanwhile the first cockpit voice recorder was recovered by rescue workers and is being examined by the investigation team. The recorder was damaged in the crash, but was said to be still in a "usable" condition. The search for the flight data recorder was to be a priority when the recovery operation resumed. It is the third-deadliest crash of an Airbus A320, after TAM Airlines Flight 3054 and Indonesia AirAsia Flight 8501, and the third-deadliest aviation disaster on French soil, after Turkish Airlines Flight 981 and Inex-Adria Aviopromet Flight 1308. Unusually, the plane appears not to have deviated from its flight plan during its descent.

March 25, 2015 · Updated: March 26, 2015; 14:30

German Wings Crash: No Austrians or Transit Passengers to Vienna Were Aboard

It is believed that no Austrians or direct transit passengers to Vienna were aboard the crashed Germanwings plane. "None of the passengers from Düsseldorf held connecting flights to Vienna, so we believe this tragedy has not affected any Austrians. However, we do not as yet have a passenger list of those who were on the flight," Lufthansa said.

March 24, 2015 · Updated: March 26, 2015; 10:45

Update: Germanwings Crash - Two Iranian Journalists on Transit to Vienna among Victims

It has been confirmed that two transit passengers to Vienna were aboard the crashed Germanwings plane Flight 9525. Reuters reports that the two Iranian dead are sports journalists who were travelling to watch their national team play Chile in Sankt Pölten tomorrow. The two men had earlier travelled to Barcelona to cover a match between Barcelona and Real Madrid.

March 25, 2015

German Airliner with 150 People Crashes in Southern France

An Airbus A320 airliner of German low-cost airline Germanwings crashed in the French Alps near Digne carrying 144 passengers and six crew members. "All 150 feared dead" says Fancois Hollande. It is unclear whether Austrian passengers were on board.

March 24, 2015 · Updated: March 24, 2015; 14:45
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