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IV - Industriellen Vereinigung - Federation of Austrian Industry
After 25 Years Mercosur Agreement Reached: Austria Torn Between Export Euphoria and Farmers' Fears
After a quarter of a century of negotiations, the European Union has paved the way for the world's largest free trade agreement. While Austrian industry is calling it a “historic milestone,” the agricultural sector is bitterly disappointed.
Yesterday
Problems in the Austrian Education System as per the OECD: High Expenditure, Low Success
A recent study by the Organization for Economic Cooperation and Development (OECD) entitled “Education at a Glance” paints a critical picture of the Austrian education system. Despite high spending per student—US$16,604 in 2022 compared to an OECD average of US$11,843—Austria lags in key areas.
September 9, 2025
Industry Concerned About Brain Drain From Austria
A recent study commissioned by the Federation of Austrian Industries (IV) highlights an alarming issue, as highly qualified workers are leaving Austria. While immigration figures overall exceed emigration, the composition of migration flows raises concerns.
August 27, 2025
Broad Criticism, Including from Austria, of New Tariffs Deal Between the U.S. and the EU
The trade deal between the United States and the European Union, which was announced by both sides with pride, may have averted a looming escalation in the trade dispute. Still, it has been widely criticized in political and economic circles. While EU Commission President Ursula von der Leyen and Trade Commissioner Maros Sefkovic defended the agreement as a “breakthrough” and “the best possible outcome,” numerous member states and business representatives, including many voices from Austria, see and feel significant disadvantages for the EU and are calling for renegotiation.
August 20, 2025 · Updated: August 21, 2025; 12:46
EU Initiates Deficit Procedure Against Austria: Finance Minister Marterbauer Remains Confident
The European Union has officially initiated an excessive deficit procedure against Austria. This step, based on a recommendation by the European Commission, was decided at a meeting of EU finance ministers in Brussels. The reason for the procedure is that Austria's budget deficit, at 4.7 percent of GDP last year and a planned 4.5 percent this year, is significantly above the 3 percent limit set in the Maastricht criteria.
July 10, 2025
OPEC Secretary General Warns Against a Hasty Farewell to Oil
OPEC Secretary General Haitham Al Ghais repeatedly comments on the role of the oil industry in the context of global climate targets and the energy transition. In a recent interview, he emphasized that despite the expansion of renewable energies, global demand for oil will not fall in the coming decades. “It is a myth that new energy sources will automatically replace older ones,” says Al Ghais.
May 23, 2025
Austrian Securities Ownership Reaches New Heights
A recent survey reveals a significant increase in the number of Austrians investing in securities, highlighting a shift towards private pension planning amid economic challenges.
April 9, 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
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
Austria's Industry and Economy under Pressure: Economic Experts Discuss Solutions
The situation in Austrian industry has deteriorated continuously since mid-2021. The Federation of Austrian Industries (IV) is now issuing an urgent warning about the consequences of this development. “Industry is in a bleak situation,” explained IV chief economist Christian Helmenstein. There is no sign of a recovery shortly, which is seriously jeopardizing the competitiveness of the location and the prosperity of the country.
February 2, 2025
Closing of the European Forum Alpbach 2024: Europe's Future under the Sign of the “Moment of Truth”
The European Forum Alpbach 2024 came to a successful conclusion with a lively discussion between high-ranking representatives of all Austrian parliamentary parties in front of around 500 participants. The final discussion marked the highlight of a two-week forum that once again served as an important platform for European and international dialog.
September 8, 2024
Austria Investing in the Future: Strengthening STEM Education and Massive Research Funding
Austria is setting standards in the education and research landscape to meet the challenges of the future. With two far-reaching initiatives, the government aims to combat the shortage of skilled workers in the STEM fields (mathematics, IT, natural sciences, and technology) as well as massively promote research and innovation in the country. These measures are intended not only to solve short-term problems but also to secure and strengthen Austria as a business location in the long term.
August 13, 2024
Austria's Finance Minister Magnus Brunner Nominated as EU Commissioner
In a decision that has now been announced, the Austrian government has nominated Finance Minister Magnus Brunner (ÖVP) as the new EU Commissioner. This announcement marks the end of a long and intensive negotiation phase within the turquoise-green coalition. Brunner is to succeed Johannes Hahn and strengthen Austria's voice in the EU Commission.
July 31, 2024
Austria and Montenegro Strengthen Relations: EU Accession by 2028 in Sight
During an official visit to Vienna by Montenegrin President Jakov Milatović, Austria's Federal President Alexander Van der Bellen emphasized the importance of Western Balkan integration into the EU, with Montenegro leading the way. Given the Russian war of aggression against Ukraine, a "realistic prospect of accession" for these countries is now "more important than ever".
February 8, 2024
Austria's Industry Welcomes "Schengen Air" Agreement
Austrian industry has recently expressed its support for the "Schengen Air" agreement with Romania and Bulgaria. This agreement is seen as an important step towards European integration, especially for Central and Eastern Europe.
January 1, 2024
Austria's Schengen Veto Dominates Meeting Between Austria's Nehammer and Bulgaria's Denkov
A significant meeting took place in Vienna between Austrian Chancellor Karl Nehammer and Bulgarian Prime Minister Nikolay Denkov. The talks focused on Austria's persistent Schengen veto, which currently prevents an expansion of the Schengen area to include Bulgaria and Romania.
October 25, 2023
Federation of Austrian Industries: New Divisional Managers in "Education & Society" and "International Relations & Markets
The Federation of Austrian Industries (IV) has announced personnel changes in two of its core areas. Gudrun Feucht and Igor Sekardi join in senior positions, supported by their previous roles at IV and their extensive expertise in their respective areas.
October 2, 2023
Austrian Government Aims to Increase Skilled Immigration and Address Labor Shortages
The Austrian government, led by Economy and Labor Minister Martin Kocher, plans to attract a minimum of 15,000 skilled workers from non-EU countries to Austria annually by 2027 through the Red White Red card (Rot-Weiß-Rot Karte) program.
July 18, 2023
Austria Shows Interest in Developing the Railroad Infrastructure to the Slovenian Port of Koper
Despite expansion projects, rail capacity remains limited compared to road. The seaport in Koper, Slovenia, which is important for Austria, is an example of current efforts in rail expansion, but at the same time shows the limits of rail-bound freight transport. With regard to Koper, Austrian experts emphasized the importance of an efficient rail connection for freight traffic.
May 24, 2023
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