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How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
The accession of the Western Balkans countries into the European Union continues to be a topic of debate amongst the EU Member States. Read how China's global infrastructure strategy may be undermining these countries' aspirations for EU membership.
May 19, 2022
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EU - African Union Summit as Driver for Strengthened Economic Partnership between African Countries and Austria
Austria plans to use the upcoming European Union - African Union Summit as a means to strengthen the economic partnership between African countries and Austria. Read more about Austria's plans for strengthening cooperation with Africa.
February 15, 2022
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Vienna's New International Long-Distance Bus Terminal
Construction on Vienna’s new international long-distance bus terminal funded by Donau Busterminal Realisierungs GmbH and designed by Burtscher-Durig is set to begin by the end of 2022, and the terminal is expected to be operational by 2024 or 2025. Read more about the estimated project costs of 200 million euros and some of the advantages it presents to international travelers.
August 18, 2021
War for Global Telecom Infrastructure Supremacy: Vienna first EU Capital with Area-wide 5G Network
While the Third World War is raging backstage between the USA and China for world supremacy in 5G infrastructure, Huawei wins another milestone in Vienna. Digital City Councilor Peter Hanke has set the goal "Vienna should become the first city in Europe with a complete 5G network". The city is supporting the network expansion with 20 million euros.
May 18, 2020
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Viennese Public Transit Network: Normal Service Again from 18 May
The Viennese Lines (Wiener Linien) increased their operations further on 11 May. Normal service with peaks of up to two minutes is planned again from 18 May.
May 11, 2020
New International Bus Terminal to be Built in Vienna - 270 Buses per Day - 5 Mio Passengers per Year
Until 2024, Vienna will finally get a central and modern long-distance bus terminal, which will also become a flagship and showpiece for arriving tourists. 200,000 arrivals and departures of long-distance buses with around five million passengers per year are to be realized at the new terminal in Leopoldstadt directly next to the Dusika Stadium.
March 6, 2019
Business Mission and "Future Trip" to Tel Aviv as Part of the State Visit of Van der Bellen
On the occasion of the official state visit of Federal President Alexander Van der Bellen, the Austrian Chamber of Commerce and Industry (WKO) is organising an economic mission entitled "Infrastructure" as well as the "Open Innovation for Corporates" future trip to Tel Aviv.
February 4, 2019
Austrian-Israeli Economic Relations - 20% Increase in Exports
On the occasion of the official state visit of Federal President Alexander Van der Bellen and the accompanying business delegation of the Austrian Chamber of Commerce, the issue of the actual state of economic relations has arisen. The Austrian-Israeli foreign trade volume amounted to 568 million euros in 2017, with a trade balance surplus for Austria of 229 million euros. The Chamber of Commerce reports that Austrian exports to Israel increased by 20.3% in 2017. The trend seems to have continued in 2018. More than 600,000 overnight stays by Israeli tourists make Israel one of the top nations in Austrian tourism statistics.
February 4, 2019
What Does Austria Have to Do with the Silk Road Project?
The Chinese "One Belt One Road Initiative", also known as the New Silk Road, is China's strategic measure of the century to make the entire Euro-Asian region including Africa even more dependent on its products and investments. Now the Austrian Federal Railways (ÖBB), the Vienna Chamber of Commerce and the ambassadors from China and Kazakhstan have joined forces to convince the Austrian population and politicians that the connection of Austria via broad-gauge railway to the Silk Road is an opportunity of the century.
November 30, 2018
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The New Location Development Act - Significance for Austria's Attractiveness as a Business Location
The Austrian government has passed the highly controversial Location Development Act in the Council of Ministers, which will speed up environmental impact assessments, be passed by the National Council this year and come into force on 1 January 2019. The new legislation will introduce automatic permits for certain energy infrastructure projects (eg, electricity grids and power plants). Positive reactions are coming from industry and politics. Various environmental associations criticise the new law.
November 22, 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
High Potential for Austrian Investments in Moldova
Austria is one of the most active countries in the CESEE region ranking first in foreign direct investments (FDI) in many countries.
May 22, 2014 · Updated: May 22, 2014; 13:05
Serbia: Vucic Rejects Single-Party Government
Aleksandar Vucic, leader of the Serbian Progressive Party (SNS) and future Prime Minister, said on Tuesday that his party does not intend to govern on its own.
April 9, 2014
Austria: On Verge of Losing Business Attractiveness
The new tax package does not only burden car drivers and smokers but also the economy will have to contribute to the budget with several hundreds of millions of Euros annually.
January 15, 2014
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Austria: Competitiveness Suffers from Poor Infrastructure
According to infrastructure report “FBA“ (Future Business Austria), the Austrian business location is suffering from poor infrastructure which leads to the country missing out on a productivity potential of almost € 34bn.
November 5, 2013
Boost for Municipal Infrastructure in the Western Balkans
EBRD and KfW launch new €100 million fund
November 4, 2013
WEF: Russian Economy Needs Change in Domestic Institutional Environment
The Russian Federation is poised for transformation.
November 1, 2013
Poland to Improve Railway Infrastructure
According to CIR, the Polish government’s press center, the government plans on spending PLN 979m on railway infrastructure in 2014 and a further amount of PLN 692m in 2015.
October 16, 2013
Bulgaria Supports Trans Adriatic Pipeline
During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).
October 16, 2013
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IMF: Serbia´s Reforms are Not Sufficient
On the occasion of a visit in Serbia, the IMF commented the efforts of the Serbian government to cut the budget gap. The austerity cuts are right, but the country needs further reforms, IMF´s team said.
October 10, 2013
WKO: Austrian Enterprises Miss out on Potential in Turkey
According to a commercial councelor at the Austrian Chamber of Commerce (WKO) in Istanbul, Austria is focused too much on Eastern Europe. Switzerland exports triple the amount to Turkey.
September 19, 2013
Croatia, Slovenia and Italy in Favor of Closer Cooperation
Italian, Croatian and Slovenian PMs push for stronger cooperation.
September 16, 2013
Kapsch Wins Contract for GSM-R Network in Slovenia
A step towards European integration: train communications technology from Kapsch is used in more than half of all EU Member States.
September 10, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
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Lopatka Demands Reform for Austrian Railways
State Secretary Lopatka demands Minister of Infrastructure Bures to tackle the expensive pension system at the Austrian Railways by doing away with privliges for emplyoees in order to unburden tax payers.
September 4, 2013
Kapsch and the Czech Road and Motorway Directorate ŘSD recognized for transportation technology
Seven to ten wrong-way drivers per month are discovered in the Czech Republic through the use of Austrian transportation technology
August 8, 2013
Kapsch TrafficCom Starts Collecting Tolls in Belarus
The costs of the toll system established by Kapsch TrafficCom in Belarus came at € 267m and starts operating now.
August 1, 2013
Gazprom Acquires Kirghiz Gas Network
In return for a symbolic purchase price, the Kirghiz natural gas network is taken over completely by Gazprom. The Russian energy giant intends to invest billions of rubel in infrastructure.
July 29, 2013
Czech Republic to Remain in Recession
The Czech economy will, according to the Finance Ministry in Prague, shrink by 1.5 percent and only start growing again in 2014 by 0.8 percent.
July 26, 2013
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China: Big Plans for Ljubljana Airport
China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.
July 24, 2013
Austrian GDP Growth Above European Average
In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.
July 12, 2013
Czech Republic: Gloomy Prospects for Economy
The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013
Polish Road Authority As Tardy Payer
Prime Minister Tusk seems unimpressed about ambassadors from six countries filing a complaint.
June 19, 2013
Lopatka: "EU Enlargement is a Driver for Reforms and Rule Of Law"
State Secretary Lopatka on DARUM EUROPA information tour.
June 18, 2013
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Dispute About Tender for Orient Express
The Orient Express once led through Romania. These days, this section is cause for legal disputes in connection with the tender in the amount of € 330m.
June 13, 2013
Czech Republic: Dumping Offers for Building of Highway
Major construction companies screw down prices for the building of a highway segment from Linz to Prague.
June 3, 2013
Zagreb: In-depth Analysis of SEE Infrastructure Development Plans
Many countries of Southeast Europe are outlining ambitious infrastructure development plans within transport, social, energy and environmental projects.
June 1, 2013
World Economic Forum on East Asia 2013
Courageous transformation for inclusion and integration. Nay Pyi Taw, Myanmar, 5-7 June 2013.
May 21, 2013
Real Estate Industry: Major Losses for Properties In CESEE
According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.
May 6, 2013
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Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“
President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.
May 2, 2013
Vienna: Infrastructure & Construction Summit Brings Together All Balkan Countries
Government ministers from Austria and various Balkan countries will be discussing infrastructure and construction in the region at a two-day summit in Vienna at the end of May.
April 30, 2013 · Sponsored Content
Kapsch TrafficCom Last Bidder for Major Project in Slovenia
Austrian listed electronic toll system provider Kapsch is the only bidder for the establishing of an electronic toll system for trucks in Slovenia.
April 26, 2013
US: Kapsch TrafficCom Opens TDM Protocol
Kapsch and E-ZPass® Group paves the way for nationwide electronic tolling interoperability
April 26, 2013
Poland: Appealing BPO Location
Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.
April 15, 2013
FDI: Hungary Popular With German Enterprises
The majority of German companies would again choose Hungary for their investments
April 11, 2013
Estonia and Russia to Enhance Relations
At a meeting on April 5 in St. Petersburg, Estonian Prime Minister Andrus Ansip and his Russian counterpart Dmitry Medvedev focused on the chance of reinforcing cooperations.
April 9, 2013
2012: Significant Increase in Austrian Construction Industry
According to the latest data issued by Statistik Austria, the construction industry has increased its output significantly in 2012.
April 2, 2013
Commission Praises Croatia’s Progress
Croatia has fullfilled all criteria for the EU accession on July 1, 2013.
March 26, 2013
Vienna: One of the Most Innovative Cities
According to a ranking by the Australian agency 2thinknow, Vienna is the most innovative city in Europe and scored 3rd place in the cities worldwide, succeeding Boston and New York.
March 22, 2013
Ukraine Puts More Effort in New Infrastructure
“Financing and promotion of investment projects will give a fillip for the economic development of our country.”
March 14, 2013
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