Hungary

Austria's Initiatives to Strengthen EU External Border Management

Austria is co-organizing a conference in Lithuania to discuss EU external border protection. Interior Minister Karner, who will represent Austria at the meeting, first stopped in Hungary to talk about the issue with his Hungarian counterpart Sándor Pintér. Read more about Austria's efforts to strengthen EU external border management.

January 20, 2022

Erste Group Acquires 100% of Commerzbank Hungary

Erste Bank Hungary Zrt. is acquiring Commerzbank’s Hungarian corporate banking subsidiary Commerzbank Zrt. Through this purchase, Erste is strengthening its position in the corporate banking business in Hungary.

December 20, 2021

After Pandemic Shock, Strong Upturn in Foreign Trade: China +26.4 %, USA +18 %

New data for January to September 2021 shows that Austria's foreign trade is returning to pre-pandemic levels. Read about Austria's improving trade figures.

December 10, 2021

Budapest Office Property "BudaPart Gate" Acquired by S-Immo

S Immo AG has acquired the "BudaPart Gate" office building in Hungary's capital, Budapest. Read more about the transaction and BudaPart Gate.

November 15, 2021

Vienna Hosts "Central 5" Foreign Ministers

The foreign ministers of Slovenia, Slovakia, Hungary, the Czech Republic, and Austria, which make up the informal "Central 5" (C5) forum, recently met at the Albertina in Vienna. Read about the meeting, what Austrian Foreign Minister Michael Linhart said, and watch the full joint press conference.

October 26, 2021

Austria Opposes Further Expansion of Hungarian Nuclear Power Plant Paks II

All five Austrian parliamentary parties are opposed to the expansion of the Paks II Nuclear Power Plant in Hungary due to serious safety concerns. The Environment Committee in parliament has unanimously called on the government to take all possible actions to oppose its construction. Read why Austria considers the power plant's expansion dangerous.

October 25, 2021

Austria's Strategy for the Upcoming European Council Meeting

Ahead of the European Council meeting in Brussels, Austrian Chancellor Schallenberg, EU Minister Edtstadler, and members of parliament laid out Austria's strategy for the meeting. Read their stances on the key issues they plan to raise in Brussels.

October 22, 2021

Call for Solidarity for China Sanctioned States Including Taiwan

A motion for a resolution was filed in the Austrian Parliament calling for the Austrian government to support countries, such as Taiwan, sanctioned by China for supporting democracy, human rights, and other global values. Read about the motion and the reasoning behind it.

October 21, 2021

EU Justice Commissioner Reynders and Justice Minister Zadić Share Concerns Over Rule of Law in Poland

The EU Justice Commissioner, Didier Reynders, was hosted by Austrian Minister of Justice Alma Zadić for a working meeting in Vienna. The two discussed various issues, including their shared concern regarding the rule of law following the Polish Constitutional Court's ruling on the primacy of national law over EU law. Read about their meeting and the increased tensions surrounding the Polish court's decision.

October 12, 2021

Forum Alpbach: Reaffirming the Importance of the Conference on the Future of Europe

The EU ministers from five member states signed the "Alpbach Declaration on the Future of Europe" at the European Forum Alpbach. The five ministers were Judit Varga from Hungary, Thomas Byrne from Ireland, Miltiadis Varvitsiotis from Greece, Juan González-Barba from Spain, and Karoline Edtstadler from Austria. The declaration highlights the necessity for cooperation and dialogue to ensure that the EU has a successful future.

September 7, 2021

The Central 5 (C5) Discusses COVID-19 in Czech Republic

Slovak Foreign Minister Ivan Korčok, Slovenian Foreign Minister Anže Logar, Czech Foreign Minister Jakub Kulhánek, and Hungarian Foreign Minister Péter Szijjártó, met with Austrian Foreign Minister Alexander Schallenberg as part of the “Central 5” (C5) country group. Here they discussed the COVID-19 pandemic, EU enlargement, and more.

July 23, 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

EU Holds First Accession Conference with Serbia and Montenegro

At the General Affairs Council, which precedes the grand European Council, Austrian Minister for European Affairs Karoline Edtstadler has once again spoken out in favor of including Serbia and Montenegro in the EU. Other topics were the relations with Switzerland and the controversial Hungarian "anti-pedophile" law. Read more below.

June 23, 2021

EU Accession: "Without Stability in the Western Balkans, There can be no Stability in Europe"

During his visit to Hungary, Austria's National Council President Wolfgang Sobotka emphasized the importance of the Western Balkans for the European Union. He tried to convince the Hungarian meeting partners to support the EU accession process of Albania and North Macedonia.

June 7, 2021

Weekly Briefing: Bilateral Agreements Could Replace EU-wide Green Passport

In a number of bilateral talks, Austria has emphasized the need for an EU-wide travel solution for the summer. In case Brussels is not picking up pace, bilateral agreements with European countries could replace the European "Green Passport". Find out more about this week's developments.

May 14, 2021

Schallenberg and Central 5: "Restore Cross-Border Travel as soon as Possible"

At the Central 5 meeting in Bratislava, with the Foreign Minister of Ukraine as a special guest, the Slovak, Czech, Slovenian, Hungarian and Austrian head of diplomacies discussed foreign relation issues, in particular cooperation in the progress for the European "Green Passport".

May 14, 2021

Message to Viktor Orban: "We will not subject ourselves to the political whims of one man and his regime"

Central European University (CEU) deplores the proposed amendment to the Act on National Higher Education and believes the government has no intention of creating the conditions in which international institutions can operate freely in Hungary.

April 21, 2021

Austria Implements Funding for Ethnic Group Media

After the increase of funding for ethnic groups in Austria in general about half a year ago, Susanne Raab, the Minister of the Chancellery responsible for ethnic group affairs, has now announced a separate budget for ethnic group media, which can be applied for in the near future.

April 20, 2021

New York Architecture Firm to Design New Central European University Campus in Vienna

CEU has commissioned the U.S. architectural firm Kohn Pedersen Fox Associates (KPF) to renovate and develop those Otto Wagner-designed pavilions that will form the future CEU campus. KPF President James von Klemperer is an Austrian citizen. The final site of the Central European University at the Otto Wagner site is scheduled to open in 2025.

April 13, 2021

Edtstadler: "No Understanding" for EU Budget Veto of Poland and Hungary

Hungary and Poland refused to agree on the EU's financial framework for the next seven years. Austria's Minister Edtstadler as well as her German counterparts do not understand Hungary's and Poland's veto and demand a clear resolution of any blockades that delay the distribution of important Covid-19 aid measures.

November 24, 2020

Áder Met Van der Bellen

The Hungarian President Áder visited his Austrian counterpart in Vienna to discuss the current fight against Covid-19. Although there would have been many other EU and bilateral topics to discuss, the prevailing matter is the rising infection numbers in Europe and the measures taken by the various governments.

October 30, 2020

Border Controls with Slovenia and Hungary Will be Extended

The border controls between the Slovenian-Austrian and Hungarian-Austrian border will be extended once again. Austria's Interior Minister Nehammer cited as reasons the "continuing migration pressure, maintenance of internal security and the tense situation surrounding the Covid-19 pandemic".

October 14, 2020

International Discussion About Europe's Fundamental Values in Salzburg

Politicians from Hungary, Srpska, Albania, Slovakia and Austria came together in Salzburg to discuss the fundamental values of Europe. Democracy, inner-European cooperation and the fight against Covid-19 were only some of the main topics.

September 29, 2020

Suspension of Restrictions Between Hungary and Austria

Hungary has lifted the 30-kilometer and 24-hour restrictions for commuters from Austria. This makes cross-border life and business significantly easier and allows the trading relationship between the two countries to flourish again.

September 14, 2020

Hungary Recognizes Sobotka for Development of Bilateral Relations

The Hungarian government has awarded Austria's President of the National Council Sobotka the Commander's Cross for his efforts to further bilateral relations between the two countries and to promote the perception of Hungary's position in the EU.

September 3, 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

Easier Access to Austria for Commuters from Abroad

"Ongoing consultations with Austria's neighbouring countries are making life easier for commuters from abroad", says European Affairs Minister Karoline Edtstadler.

April 14, 2020

Central European University Decides in Favor of the Otto Wagner Site in Vienna

The CEU Executive Committee unanimously voted in favour of making the Otto Wagner Grounds at Steinhof, in Vienna's 14th district, the new home of the university from 2025.

March 31, 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

Viennese Honour for George Soros the Donor of the Central European University

The investor, philanthropist and sponsor of the CEU Central European University, George Soros, has been awarded the Grand Decoration of Honour in Gold for Services to the Province of Vienna.

November 19, 2019

Vienna Just an Emergency Solution: What's the Future for the Central European University?

About a year after it was driven out of Hungary by Viktor Orban, the CEU has started its provisional operation in Vienna-Favoriten. Two new Master programmes in Business Administration and International Public Affairs were launched simultaneously. Within 5 to 6 years, the Vienna campus is to move to Baumgartner Höhe. But the CEU will never abandon Budapest as a location.

October 9, 2019

Ambassador Kumlin Granit Takes Over from Ambassador Al-Hadid as New Chairperson of IAEA Board of Governors

The IAEA Board of Governors elected by acclamation Ambassador Mikaela Kumlin Granit of Sweden as the Chairperson of the IAEA’s Board of Governors for 2019–2020.

September 24, 2019

Paul Lendvai Celebrating His 90th Birthday

The Austrian journalist, author and presenter Paul Lendvai, who was born in Budapest, turned 90. He is considered a knowledgeable authority on Eastern and Southeastern Europe.

August 29, 2019

Central European University Accredited as Private University in Vienna

The Austrian accreditation procedure for the CEU Central European University was successfully completed, so that the university can now start its operations in Vienna. Until now, the university was accredited in the USA and Hungary, the teaching took place exclusively in Hungary.

July 12, 2019

Vienna-Campus of Central European University to be Temporarily Set Up in Southern Vienna

The CEU Central European University of George Soros announces that it has opted for an interim location in Vienna's Favoriten, the "heart of the multicultural 10th district". This campus is scheduled to start operations in autumn 2019. By 2023, the university will be moved as planned to the premises of the Otto Wagner Hospital on Baumgartner Höhe in Vienna's 14th municipal district.

March 22, 2019

Official Visit of President of Hungary - Criticism of Expansion of Paks Nuclear Power Plant

President János Áder of Hungary paid an official visit to Austria. The main topic of discussion between Áder and Austrian Federal President Alexander Van der Bellen was climate protection.

February 25, 2019

Radio Interview with the Austrian Ambassador to the United Kingdom

Rosie MacLeod spoke to Michael Zimmermann, the new Austrian Ambassador to the United Kingdom, about the presidency and Austria's place within the European Union more generally.

Rosie MacLeod · January 21, 2019

Soros University Leaves Budapest in Favor of Vienna

In Hungary, the Central European University (CEU) has faced massive hostility. As a consequence, the location will be relocated to Vienna. Michael Ignatieff, the rector of CEU, announced this week in Budapest that the university is finally moving: "This is a dark day for freedom in Hungary, and it's a dark day for academic freedom." In Vienna, negotiations are still underway on a suitable building for interim use from 2019. By 2023, the university is to move permanently to the grounds of the Otto Wagner Hospital.

December 6, 2018

Setback for the UN - Austria Won't Sign Global Migration Pact

Austria will follow the US and Hungary in backing out of a United Nations pact on migration (Global Compact for Safe, Orderly and Regular Migration) over concerns that it will blur the line between illegal and legal migration.

October 31, 2018

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

Meet the New Ambassador of Hungary to Austria: H.E. Mr. Andor Nagy

The new Ambassador of Hungary to Austria, H.E. Mr. Andor Nagy presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

September 20, 2018

US Embassy Opening in Jerusalem: Palestinian Ambassador to Austria Called Back to Palestine in Protest

The Austrian Ambassador to Israel, Martin Weiss, was one of only four EU Ambassadors (Hungary, Czech Republic, Romania) who participated in the celebrations surrounding the US embassy relocation to Jerusalem. The Palestinian leadership pointed out some time ago that not only the act but also the timing is a violation of international law and relevant UN resolutions, as well as arrogant disrespect. Therefore, the Palestinian Ambassador to Austria, Salah Abdel Shafi, has been called back to Palestine for an indefinite period of time.

May 16, 2018

The Hungarian Foreign Minister's Alleged Evidence of the Existence of the Soros Plan

The ridiculous discussion about the wave of European immigration allegedly steered by the Soros plan is widening as a result of a letter of evidence from the Hungarian Foreign Minister.

May 11, 2018

Soros's Central European University is to Remain in Budapest

The Central European University (CEU) donated by US billionaire George Soros does not plan to move to Berlin or Vienna, but expects the Hungarian government to sign the agreement with the State of New York as soon as possible so that the CEU can remain in Budapest.

April 20, 2018 · Updated: April 20, 2018; 19:10

VIC Strengthens Presence in Hungary and Slovakia

Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.

April 3, 2018

Hungary Forces Central European University of US Billionaire Soros to Move to Vienna

In view of the political pressure exerted by the Hungarian government under the proposed amendments to Act CCIV of 2011 on Hungarian National Higher Education, the Central European University (CEU) of US billionaire George Soros feels compelled to look for alternatives. The city of Vienna naturally offers itself as an excellent alternative or supplement. The CEU and the City of Vienna are already in negotiations about a memorandum of understanding (MoU) that would enable CEU to open a satellite campus site in Vienna. The Otto Wagner area at Baumgartner Höhe is being examined as a possible location.

March 16, 2018

Strabag building musical road in Hungary

The European-based construction group STRABAG has been awarded the contract to build and widen the R 67 expressway in Hungary. The EUR 212 million project is being carried out by a consortium in which STRABAG holds 53.2 %. Of the 33 km of expressway between Kaposfüred and Látrány in southwestern Hungary, STRABAG is in charge of the new construction of a 10.3 km section as well as the renovation and widening of a further 10.1 km.

June 26, 2017

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

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 2016
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