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Innovation
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European Innovation Council Funds Austrian Projects
Two projects with Austrian-based research are involved in a new funding project of the EU's European Innovation Council. A total amount of EUR 74 million is distributed among 18 projects that research in cutting-edge technologies. Additionally to the funding, coaching and business development supported is provided by the Council.
December 14, 2020
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EU Ministers Issue Declaration on "Digital Government"
The EU Ministers responsible for Digitalization have agreed on a joint declaration that focuses on digital society and value-based digital government. Austria's Minister Schramböck sees Austria already on the right track with its various e-government tools and is delighted about the European plans.
December 9, 2020
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Schramböck: Deepening Digitalization in the EU
The EU member states aim to create synergies between national research and investment initiatives and to ensure a coherent European approach with sufficient scope. Joint Support for European electronics value chains will try to establish leading capabilities in various digital competencies.
December 7, 2020
Europe-Wide Innovation Award Goes to Wiener Linien
The Europe-wide Innovation in Politics Award 2020 goes to the research project RemiHub, coordinated, among others, by Wiener Linien and the Vienna University of Technology. RemiHub focuses on the urban parcel delivery and was already tested for different delivery services in Vienna.
December 3, 2020
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First Austrian Swedish Innovation Exchange Day
The Austrian and Swedish government have decided to hold their first ever Austrian Swedish Innovation Exchange Day, which will try to kick-off a lasting bilateral relationship with regard to innovation, business and industry. The event will be attended by Austrian and Swedish politicians as well as representatives of the economic sector.
November 23, 2020
International Mobility Days 2020 Held Virtually
The International Mobility Days of the Austrian Federal Chamber of Commerce are held virtually. The mobility industry is one of the fastest evolving industries and the future of transportation, especially in growing cities, is a topic that has been dominating international entrepreneurial acton for years.
November 19, 2020
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Austrian School Receives VET Innovators Award
The Higher College for Engineering Wolfsberg (HTL Wolfsberg) wins the prize as "entrepreneurial school" in the category VET Innovators Awards during the European Week of Vocational Training. The school has impressed with its sustainable business collaborations and its successes in innovation competitions.
November 13, 2020
First Microsoft Cloud Data Center in Austria
Microsoft has announced the establishment of Austria's first ever data center region. Chancellor Kurz says that this "represents a decisive competitive advantage" and thanks Microsoft for the commitment to Austrian companies and their employees.
October 20, 2020
Digital Days 2020 Reached Over 1,100 Registered Users
The Digital Days 2020 hosted by the City of Vienna as a hybrid event have welcomed over 1,100 users with more than 4,000 views in total. Digitalization in every business sector was discussed among politicians and experts from the business world.
October 5, 2020
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European Capital of Innovation Award: Vienna Recognized as Runner-up
The Belgium city of Leuven was awarded the European Capital of Innovation Award 2020. Vienna, which was still in the race up until the final round, was recognized as runner-up city together with Cluj-Napoca (Romania), Espoo (Finland), Helsingborg (Sweden), and Valencia (Spain).
September 25, 2020
Vienna Aims for Champions League of International Start-Up Scene
The start-up event ViennaUP'21 will be at the center of the international start-up scene in the spring of 2021. Many well-known formats have already assured their participation and will move the spotlight to Vienna from April 27 to May 12 2021.
September 21, 2020
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European Capital of Innovation Award: Vienna Still in the Race
The European Union will announce the European Capital of Innovation 2020 and will award EUR 1,000,000 to support innovation at the end of September 2020. Vienna is among the six finalists which also include Valencia, Helsingborg, Espoo, Cluj-Napoca, and Leuven.
September 14, 2020
Subsidies for New Investments in Austrian Economy
The Austrian government has put in place an investment subsidy in order to support the Austrian economy during the Covid-19 crisis. Business investments will be subsidized with up to 14% of the eligible costs.
August 17, 2020
Devastating - Austria is Only the 21st Most Innovative Country in the World
The World Intellectual Property Organization (WIPO) named Austria's neighbor Switzerland as the world’s most innovative country, during the launch of its latest Global Innovation Index. Austria isn't even in the top 20. Biggest issues are the stagnation of public expenditure on research and development and the increase of economic protectionism.
July 26, 2019
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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
Federation of Industries: “Industrial Compact“ for European Competitiveness
The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014
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Vienna Drops in “Global Cities Index”
Vienna drops three places. Regardless of the financial crisis the largest global financial centers in New York and London are still the cities with the biggest influence world-wide.
April 16, 2014
Industrial Location Austria Losing Attractiveness
Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
Austria: Reform Steps Very Modest
Austria, along with Germany and Switzerland, hardly put any economic reforms into realization. This is the conclusion of the annual “reform barometer” for the three countries.
March 20, 2014
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Austria Losing in Innovation Ranking
The EU member countries are catching up with the US and Japan in regard to innovation. However, Austria is not among the top players.
March 4, 2014
“Polish Economy at Crossroads“
In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.
February 21, 2014
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EU Needs Investments for Growth
Europe will not see any substantial growth without serious investment in research and innovation.
November 28, 2013
Southeastern Europe Initiates Common Economic Strategy
In Croatia´s capital Zagreb, the Southeast European countries agreed on putting more common effort into innovation based growth strategies.
October 26, 2013
Keuschnigg Advises Austria to be Patient
According to Keuschnigg it was not possible to increase the core capital quota of the banks to the level necessary or to reduce public debts by 120 percent in two years only.
October 4, 2013
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EU Commission: Poland Lacks in Innovation and Work Efficiency
According to the EU Commission’s annual report on the competitiveness among the EU member countries, which was released on Wednesday, Poland has been improving its competitiveness.
September 26, 2013
Slovenia: Economic Outlook Deteriorates
Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.
September 26, 2013
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Croatia: Major Reforms Required for Economic Upturn
Croatia continues to suffer from recession - its economy has not grown since 2008, contracting in 2012 by 2% and in 2013 by 1%.
September 26, 2013
Austria Placed 9th in Competition Ranking
According to the latest EU Competition report 2013, Austria ranks ninth among 28 member states. The leaders in the ranking are Sweden, followed by Germany and Denmark while Bulgaria, Latvia and Romania are at the lowest positions.
September 25, 2013
Leitl: “Grand Coalition Did Not Fulfill Expectations“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO), favors a change in the governing parties as the grand coalition has not realized the necessary reforms.
September 24, 2013
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Austria: WKO Demands Impulses for R&D
Deputy President of the Austrian Chamber of Commerce (WKO), Martha Schultz, demands new impluses for research and innovation in the years from 2014 to 2020.
September 19, 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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World Economic Forum: Competitiveness of Western Balkans
Former Yugoslav countries and their competitiveness according to the World Economic Forum annual report.
September 6, 2013
President of Ukraine Presses for Faster Progess
President Yanukovych urges the parliament to adopt laws for a faster progress to the country’s European integration
September 5, 2013
Vienna among Top 10 of Internet Cities Worldwide
According to Mercer, Vienna is the town with the best quality of live. According to Co.Exist, Vienna is one of the leading Smart Cities worldwide. Now a survey by British enterprise UBM shows that Vienna is amongt the “Top 10 Internet Cities”.
August 28, 2013
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Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Austria: How to Finance Future Innovations
„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).
April 9, 2013
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New opportunities for Lithuanian and Turkish business
Lithuanian President Dalia Grybauskaitė together with Turkish leader Abdullah Gül opened the Lithuania-Turkey business forum.
April 4, 2013
Austria: Number Nine in Innovation Ranking
On the EU innovation ranking list Austria loses points and slips back on ninth place.
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
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CESEE Region Still Has Enormous Growth Potential
“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.
February 20, 2013
World Economic Forum: Austrian Competitiveness Moves Up
In the World Economic Forum Competitiveness Ranking, Austria ranks 16th and could move up three places. The public debt quota, the tax quota and the investor protection are the main weaknesses of Austria.
September 5, 2012
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Education: Vranitzky Shows Dissatisfaction with Austrian Government
The former Austrian Federal Chancellor Franz Vranitzky criticizes the Austrian government sharply. For him, the university sector is a “very bad example of inequality between the generations”.
August 29, 2012
Pioneers Festival 2012: Vienna is Hotspot for Innovative Companies
The place for more than 2,500 pioneers from all over the world as well as web, technology and mobile start-ups to network, present their innovations and exchange experiences.
August 29, 2012
Ametsreiter Calls for Activity
On the occasion of the Alpbach Forum 2012, Telekom Austria´s CEO Hannes Ametsreiter underlined the necessity of implementing reforms in Austria.
August 29, 2012
Austrian Enterprise Creation Slightly Up
2010: 26 172 start-ups, enterprise creation rate 6.5%; more than 19 000 new employer enterprises.
August 7, 2012
Aiginger: „Feeding Banks Makes No Sense“
The director of WIFO (Austrian Institute of Economic Research) thinks that Spanish banks must be able to become insolvent.
July 24, 2012
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Staff Efficiency: CESEE Catches Up
Regarding staff efficience, Eastern Europe has reached almost the West European level.
July 21, 2012
Growing Pressure on Viennese Location for Headquarters
The Viennese Chamber of Commerce intensifies the dialogue with international headquarters. In autumn, the first headquarter congress will take place in Vienna.
July 21, 2012
"Wage Cuts in Southern Europe Inevitable"
Christian Keuschnigg, director of the Austrian Institute of Advanced Studies thinks that a fiscal union will not work. The recession in Southern Europe will go on.
July 21, 2012
Stable Innovation Activity
57% of Austrian enterprises with 10 and more employees were innovation active. Innovation expenditure decreased, but the share of turnover of 1.7% remained constant.
July 5, 2012
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