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Vienna Stock Exchange Experiences First Record Quarter Despite Global Uncertainties

The Vienna Stock Exchange closed the first quarter of 2024 with a remarkable increase in bond listings, although the economic environment continues to be characterized by high-interest rates, the ongoing war in Ukraine and the Middle East, and high inflation. Despite these challenges, the exchange recorded a record 3,000 new listings, the best start to a year in its history.

18 minutes ago

Vienna to Host Austria's Honorary Consular Conference 2024

The Austrian capital Vienna was the center for the Honorary Consular Conference 2024, attended by around 200 honorary consuls from all over the world. The meeting, which takes place from April 10 to 12, is the first of its kind since 2015 and serves as a platform for the exchange and further development of consular practice.

35 minutes ago

Escalating Tensions at Europe's Largest Nuclear Plant Amidst War in Ukraine

As the conflict between Russia and Ukraine continues, the Zaporizhzhia Nuclear Power Plant, Europe's largest nuclear facility, has become a focal point of escalating tensions and mutual accusations between the two nations. The plant, seized by Russian forces early in the invasion, now sits precariously at the center of military and geopolitical strife, with both nations accusing each other of dangerous provocations.

1 hour ago

FPÖ Distances Itself from Friendship Treaty with "United Russia"

In a press conference, the Third President of the National Council, Norbert Hofer, clarified that the Freedom Party of Austria (FPÖ) relativizes the friendship treaty concluded with the United Russia party in 2016. This comes in light of the recent accusations of an espionage affair involving the FPÖ.

1 hour ago

Traditional Inaugural Visit of the Swiss Head of State to Vienna: Deepening bilateral relations between Switzerland and Austria

Swiss President Viola Amherd met with her Austrian counterpart Alexander Van der Bellen. During geopolitical uncertainty and European challenges, the bilateral talks focused on European security policy, relations with the EU, and the planned Ukraine peace conference.

April 10, 2024

Russia's Covert Influence in Europe: Current Strategy Only "Plan B"

The Czech government recently revealed the existence of a Moscow-funded propaganda network that used the Prague-based online portal Voice of Europe to influence the upcoming EU elections. Austrian political scientist Gerhard Mangott and his Ukrainian colleague Anton Shekhovtsov explained that this tactic was merely Russia's "plan B".

April 10, 2024

Slovakia Takes the Helm of ICPDR Presidency

In the annual transition for the International Commission for the Protection of the Danube River (ICPDR), Slovakia has officially taken over the presidency from Serbia, marking the beginning of a year dedicated to enhancing the health and sustainability of the Danube River Basin.

April 9, 2024

Annual Conference of European Local Councils in Vienna

In the magnificent setting of the Austrian National Library located at the Hofburg, leading political players, including Austrian Federal Chancellor Karl Nehammer and Austrian Minister for Europe Karoline Edtstadler, gathered for the conference marking the annual meeting of the European Community Councils.

April 9, 2024

Austria Deploys 50th Contingent to Kosovo for Peacekeeping

The Austrian Armed Forces are continuing their long-standing commitment to peace and security in Kosovo. At the beginning of April, the 50th contingent of Austrian troops will be deployed to the KFOR mission. This mission, in which Austria has been involved since 1999, will now be continued under the leadership of Colonel Bernhard Gruber of the General Staff Service, who will assume responsibility for around 190 soldiers.

April 8, 2024

Austria's Nehammer and France's Macron: An Alliance for Innovation and Security

During his first bilateral working visit to France, Austrian Chancellor Karl Nehammer underlined the importance of promoting innovation and the joint fight against terrorism and organized crime as key topics of his meeting with French President Emmanuel Macron.

April 8, 2024

Influential Voice in Culture and Politics: Nina Khrushcheva at the Salzburg Festival

Nina Khrushcheva, an outstanding academic, great-granddaughter of the famous Soviet Communist Party leader Nikita Khrushchev, and fierce critic of the current Russian government, will take to the podium at this year's Salzburg Festival with an opening speech that has already caused a sensation in the run-up to the festival. This event not only marks a cultural highlight of the year but also a moment of profound reflection on the role of art in turbulent times.

April 3, 2024

Transit Clash at the Alps: Italy's Salvini Against Austrian Bans

The increasingly explosive dispute over the Tyrolean anti-transit measures is escalating between Italy and Austria. Italy's Deputy Prime Minister and Transport Minister Matteo Salvini publicly accused the Austrian government of "arrogance" and criticized the European Commission for its "long-standing shameful inaction".

April 3, 2024

Seventh OPEC-China Energy Talks in Vienna: Joint Focus on Sustainable Future and Energy Cooperation

The seventh high-level meeting of the OPEC-China Energy Dialogue took place in the Austrian capital. The meeting was hosted by the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC), with key representatives from both sides discussing their visions and plans for the future of energy cooperation and sustainable development.

April 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

Escalation in the Tariff Dispute: AUA Facing Massive Flight Cancellations at Easter

Austrian Airlines (AUA) is on the brink of an extensive strike, which is to begin on Maundy Thursday and last 36 hours. Negotiations between the trade union vida and AUA management have so far been unsuccessful, leading to the announcement that over 400 flights will be canceled during the peak travel period at Easter. Around 50,000 passengers will be affected by the cancellations, significantly disrupting the Easter plans of many travelers.

March 26, 2024

Focus on Closer Cooperation and EU Enlargement: C5 Foreign Ministers Meet in Ljubljana

The foreign ministers of the so-called Central 5 Group (C5) - consisting of Austria, the Czech Republic, Slovenia, Hungary, and Slovakia - met in Ljubljana, the capital of Slovenia, for a landmark meeting. This meeting marks another significant step in Central European diplomatic cooperation, which goes beyond mere neighborly assistance and focuses on the region's key challenges and opportunities.

March 26, 2024

Christoph Leitl Re-elected President of the European Movement Austria

Christoph Leitl has been re-elected President of the European Movement Austria (EBÖ). With a view to the upcoming European elections on 9 June and the forthcoming appointment of the new EU Commission in the autumn, Leitl emphasizes the importance of the EU as a peace project and the need to find European answers to current issues.

March 25, 2024

Serbian Investor Plans Entry into Austrian Addiko Bank

A new investor is showing interest in Addiko Bank, a financial institution that emerged from the former Hypo Alpe Adria Balkan banks. The Cypriot company Agri Europe Cyprus, which is attributed to Serbian businessman Miodrag Kostić, is planning to acquire a significant stake in the bank.

March 25, 2024

Trade Seminar in Vienna on the Latest Regulatory Developments in the UAE

Diplomacy, business, and finance representatives gathered in Vienna for a seminar dedicated to the latest regulatory developments in the United Arab Emirates (UAE). Organized by the Embassy of the UAE in cooperation with Crowe UAE and the Austrian Arab Chamber of Commerce (AACC), the seminar provided a platform for an exchange on innovations in tax, corporate, and immigration law in the UAE. The event received special support through the participation of experts from the UAE Ministry of Finance and the Austrian Chamber of Commerce.

March 24, 2024

Negotiations at AUA at a Standstill: Risk of Strike at Easter Increases

An impending strike at Austrian Airlines (AUA) is casting its shadow and threatening the upcoming Easter travel season. The negotiating parties are sticking to their positions regarding the collective agreements and an agreement seems a long way off.

March 24, 2024

Austrian Economic Chamber: Opportunities and Challenges for Austria in Global Trade Dynamics

Against the backdrop of an increasingly interconnected global economy and the challenges posed by geopolitical tensions, Mariana Kühnel, Deputy Secretary General of the Austrian Federal Economic Chamber (WKÖ), emphasized the critical role of international trade for the Austrian economy. On the occasion of the Market Access Day in Vienna, she spoke about the need to secure access to global markets and open the doors to international sales markets, especially for small and medium-sized enterprises (SMEs).

March 21, 2024

Francophonie Forum in Vienna: A Bridge Between Culture, Business and Sport

An event took place in Vienna that underlined the cultural and economic importance of the Francophonie. The Austrian Federal Economic Chamber (WKÖ), in close cooperation with the French Embassy in Austria and the French-Austrian Chamber of Commerce (CCFA), organized the forum "L'industrie du sport parle français" ("The sports industry speaks French").

March 21, 2024

Harmony and Dialogue at the Interreligious Iftar in Vienna

In an impressive demonstration of unity, Foreign Minister Alexander Schallenberg and the President of the Islamic Religious Community in Austria (IGGÖ), Ümit Vural, hosted an unprecedented interfaith iftar. The event, which took place in the historic Palais Niederösterreich, brought together representatives of different religious communities and personalities from politics, science, and diplomacy.

March 20, 2024

Small Unrest During EU Parliament President Metsola's Visit to Vienna

The Austrian capital was the scene of a heated appearance by EU Parliament President Roberta Metsola. During a public event at the Law Faculty of the University of Vienna, which was held under the motto "Ask President Metsola", there were loud protests and interruptions by demonstrators. The discussion, which was originally supposed to cover topics such as the future of the EU, the upcoming European elections, and international political affairs, lost focus when the Middle East conflict came up.

March 20, 2024

New Dynamics on the Labor Market and with the Red-White-Red Card: Austria Relies on the Influx of Skilled Workers

At a meeting of the interministerial Skilled Workers Strategy Committee, decisive measures to speed up the procedures for the Red-White-Red Card were discussed. The aim is to combat the shortage of skilled workers in Austria through more efficient recruitment of internationally skilled workers and to increase the location's attractiveness.

March 19, 2024

Europe at Crossroads: Austria's Push for Bosnia's EU Accession Negotiations

In a new phase of European integration and geopolitical strategy, attention is turning to the Western Balkans, particularly Bosnia and Herzegovina. At the heart of these discussions is Austria's committed plea for the opening of accession negotiations with Bosnia, a move that has the potential to shape Europe's political landscape in the long term.

March 19, 2024

Deepening Austrian-Kazakh Relations: Focus on Economic and Political Cooperation

At a time characterized by geopolitical tensions and economic challenges, Austria and Kazakhstan have reaffirmed their intention to raise bilateral relations to a new level. The working visit of Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu to Vienna marks an important milestone in the cooperation between the two countries, with a particular focus on the economy, politics, and security.

March 18, 2024

Elections in Russia Also Held in Vienna: Between Protest and Farce

In Vienna, there were unusually long queues outside the Russian embassy as numerous young Russians lined up, sometimes for hours, to take part in the presidential election. However, their efforts were in vain as Vladimir Putin secured the elections in Russia, which were deemed neither fair nor honest internationally.

March 18, 2024

Memorial for Navalny in Vienna: A Sign of Resistance and Mourning Destroyed

An impressive testimony to the compassion and protest of the Russian community in Austria has formed in front of the Russian embassy in Vienna. In honor of the deceased Russian opposition leader Alexei Navalny, an improvised memorial was created that not only expresses grief but can also be seen as a clear statement against the Putin regime.

March 17, 2024

U.S. Secretary of State Antony Blinken in Vienna: Commitment to Global Challenges

At a time of global uncertainty and increasing challenges, U.S. Secretary of State Antony J. Blinken's visit to Vienna sent a strong message of international cooperation and diplomatic dialog. During his stay in the Austrian capital, Blinken tackled several key issues ranging from the fight against synthetic drugs to nuclear security and continued support for Ukraine.

March 17, 2024

Austria Expels Two Russian Diplomats and Austrian Ambassador in Moscow is Summoned

After Austria recently declared two Russian diplomats undesirable persons, Russia is now summoning Austria's ambassador to the Foreign Ministry. This indicates a serious deterioration in diplomatic relations between the two countries. So far, a total of eleven Russian diplomats have been expelled from Austria since 2020

March 14, 2024

European Gas Conference in Vienna Postponed due to Protests

The European Gas Conference planned for March 26-28 in Vienna is no longer on the international energy industry's calendar. Security concerns caused by announced protests forced the organizers to postpone the event indefinitely.

March 14, 2024

Cyprus Concludes Chairmanship of the OSCE Forum for Security Cooperation

The final session of the Forum for Security Co-operation (FSC) of the Organization for Security and Co-operation in Europe (OSCE) was chaired by Cyprus. Cyprus' engagement in the OSCE FSC impressively illustrates the value of dialog and multilateral cooperation, even in the most difficult times.

March 13, 2024

Inflation Outlook for Austria Shows Significant Improvement

The Austrian National Bank's (OeNB) latest inflation forecast gives cause for cautious optimism for the Austrian economy. Inflation has decreased and economic growth has also returned since the start of the year, albeit weakly.

March 13, 2024

Italy's Giorgia Meloni Advocates Development and Autonomy for South Tyrol

In a move to strengthen the autonomy and development of northern Italy, Italian Prime Minister Giorgia Meloni signed agreements with the autonomous provinces of Trento and Bolzano. The ceremonies, which took place in the respective provincial capitals, marked a decisive moment for the regions, which historically enjoyed a special autonomy within Italy.

March 12, 2024

Austria and Turkmenistan Sign Cooperation Agreement

In a step towards deepening their bilateral relations, Austria and Turkmenistan have signed a new cooperation agreement for the years 2024-2025. The meeting in Vienna between Austrian Foreign Minister Alexander Schallenberg and his Turkmen counterpart Rashid Meredov focused on topics of mutual interest, including political-diplomatic cooperation, trade and economic relations, energy issues, and cultural exchanges.

March 12, 2024

Raiffeisen Bank International Under Observation by U.S. Sanctions Authorities

Raiffeisen Bank International (RBI), a prominent financial institution based in Austria, is the focus of the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) due to its ongoing business relationship with Russia. OFAC has contacted the bank to request details of its transactions and processes related to Russia.

March 11, 2024

Austria President Van der Bellen Opens New Holocaust Museum in Amsterdam

The National Holocaust Museum in Amsterdam was opened in a festive ceremony that was overshadowed by protests. Federal President Alexander Van der Bellen, who represented Austria on this occasion, emphasized his country's profound responsibility in the context of the dark chapters of the Holocaust.

March 11, 2024

U.S. Ambassador Kennedy Will Lead Austrian Delegation to Major Investment Summit in the U.S.

In a major announcement from the US Embassy in Vienna, it has been revealed that US Ambassador Victoria Kennedy will lead a high-profile Austrian delegation to this year's SelectUSA Investment Summit. The event, which will take place from June 23-26, 2024 at the prestigious Gaylord National Resort & Convention Center in National Harbor, Maryland, is considered a key platform for promoting foreign direct investment in the United States.

March 10, 2024

Six Decades in the Service of Peace: Austria Celebrates 60 Years of UNFICYP Deployment in Cyprus

Austria's involvement in the "United Nations Peacekeeping Force in Cyprus" (UNFICYP) marks an important anniversary this year: the Alpine Republic has been supporting the peacekeeping mission on the Mediterranean island of Cyprus for sixty years. A look back at the beginnings in April 1964 shows the deployment of a field hospital with 55 men following the unanimous adoption of Resolution 186 by the UN Security Council in March of the same year.

March 10, 2024

Meet Cyprus Ambassador to Austria and Permanent Representative to the United Nations in Vienna

Andreas Ignatiou, Cyprus Ambassador and Permanent Representative, presented his credentials to Austria's Federal President Alexander Van der Bellen, and the Director-General of the United Nations Office in Vienna, Ghada Waly. Meet Ambassador, Andreas Ignatiou, the permanent representative of the Republic of Cyprus to the International Organizations in Vienna and Ambassador to Austria.

March 7, 2024

Future of EU Enlargement Discussed in Vienna: Unified Vision Required

An event in Vienna, organized by the ERSTE Foundation in cooperation with the European Council on Foreign Relations (ECFR), focused on the debate about the future of EU enlargement. Under the title "Beyond Catch-27: How to make EU enlargement work?", leading experts from various fields gathered to discuss the challenges and opportunities of integrating new member states into the European Union.

March 7, 2024

Signa's Major Project "Lamarr" in Vienna Seeks New Owner

The prestigious "Lamarr" real estate project on the bustling Mariahilfer Strasse, a flagship property of the troubled Signa Group, is now officially on the market.

March 6, 2024

Austrian ÖVP Against EPP Election Program: Nuclear Energy, Schengen Enlargement and Unanimity Principle as Points of Contention

In the run-up to the upcoming EU elections, a conflict is emerging within the European People's Party (EPP), as the Austrian People's Party (ÖVP) has announced that it will not support the EPP's election program.

March 6, 2024

Austria and Italy Chief Diplomats Visit Bosnia and Herzegovina

The Foreign Ministers of Austria, Alexander Schallenberg, and Italy, Antonio Tajani, undertook a joint trip to Sarajevo, Bosnia and Herzegovina, to support the country in its efforts to join the EU. This trip underlines the continued commitment of the European Union, in particular Austria and Italy, to the integration of the Western Balkans into the EU.

March 5, 2024

Austrian Technology at the Center of Gigantic Construction Projects in Dubai

The Austrian company Doka is continuing its international success story and will once again demonstrate its expertise in high-rise construction. The planned Azizi Tower in Dubai, which is to be completed within the next four years, aims to become the second tallest building in the world.

March 5, 2024

Austrian Diplomacy in Crossfire: Schallenberg's Journey Through the Middle East

In the shadow of the ongoing conflict in the Middle East, which reached a new level of escalation following the Hamas terrorist attack on October 7, 2024, Austrian Foreign Minister Alexander Schallenberg embarked on a significant diplomatic mission. His trip, which lasted three days, took him through Israel, the Palestinian territories, Jordan, and finally Lebanon - all hotspots in a region marked by political tensions and humanitarian crises.

March 4, 2024

City of Vienna Warns of Nuclear Renaissance and Small Modular Reactors in Europe

In a recent statement, Vienna City Councillor for Climate Action Jürgen Czernohorszky, who is also Chairman of the Cities for Nuclear Free Europe (CNFE) initiative, is critical of Sweden's nuclear power plans, the situation, and the development of Small Modular Reactors in Europe.

March 4, 2024

Meet the New Permanent Representative of North Macedonia to the International Organizations in Vienna

Pajo Avirovic, North Macedonia's new permanent representative, presented his credentials to the Director-General of the United Nations Office at Vienna, Ghada Waly. Meet Ambassador, Pajo Avirovic, the new permanent representative of the Republic of North Macedonia to the International Organizations in Vienna.

February 28, 2024

Vienna Hosts Meetings for Belarusian Opposition Leader

In a diplomatic engagement, Austrian Foreign Minister Alexander Schallenberg welcomed Sviatlana Tsikhanouskaya, the Belarusian opposition leader, for a pivotal discussion in Vienna. This meeting, which took place within the framework of the OSCE Parliamentary Assembly, brought the key figure of the Belarusian opposition to Vienna to address the OSCE and the European Community under the symbolic presence of the Austrian and EU flags.

February 28, 2024