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Austria's Rapprochement with NATO in the Context of Geopolitical Tensions
In a new development, Austria and three other traditionally neutral countries - Ireland, Malta, and Switzerland - are seeking to deepen their relationship with the North Atlantic Treaty Organization (NATO). This move is part of a strategic response to the increasingly volatile geopolitical situation in Europe, particularly in light of the ongoing conflict in Ukraine.
May 7, 2024
Vienna Stock Exchange Strengthens International Presence with Barclays as New Trading Member
The Vienna Stock Exchange announced a significant step in its international expansion with the addition of Barclays Bank Ireland PLC as a new trading member. This marks an important milestone in the history of the exchange by adding one of the world's leading banks to its trading circle.
November 21, 2023
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.
February 11, 2015 · Updated: December 14, 2022; 08:12
Global Peace Index: Austria Achieves Top Ranking
A global peace index is published every year by the Institute for Economics & Peace. The index evaluates the state of peace around the world and identifies the countries whose peace is highest and lowest. Austria achieved a top result this year. See which countries have the most peaceful climate below!
August 2, 2022
Human Rights in Russia: Third Appeal to the OSCE Moscow Mechanism Since the Outbreak of War in Ukraine
The OSCE Moscow Mechanism was recently requested by 38 states, including Austria, to appoint an OSCE expert to review the human rights situation in Russia. Since the outbreak of the Ukrainian war, the Moscow Mechanism has already been contacted three times.
July 29, 2022
Austria Supports Joint Statement for Ukraine's Case Against Russia Before the International Court of Justice
The European Union, Austria, and over 40 other nations have issued a statement supporting Ukraine's case before the International Court of Justice against Russia. In order to hold Russia accountable for its violations of international law, the Joint Statement has been released.
July 15, 2022
Vienna Business Agency Sees Significant Increase in Expat Advice Requests
The Expat Center and the Business Immigration Office of the Vienna Business Agency saw a stark increase in the number of expats seeking advice during the COVID-19 crisis. Read about this increase and how the Vienna Business Agency has assisted expats.
February 9, 2022
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
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
Vienna Welcomes New Ambassadors from Spain, Kazakhstan, Ireland, Ghana, Argentina and Afghanistan
Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of the Kingdom of Spain, the Republic of Kazakhstan, the Republic of Ireland, the Republic of Ghana, the Argentine Republic and the Islamic Republic of Afghanistan to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.
March 4, 2021
Eurogroup President Donohoe Met Blümel
New Eurogroup President Donohoe and Austrian Finance Minister Blümel met at a round table discussion on "Europe's Comeback". Topics were the strength of a common currency union and strategies on how to achieve the economic comeback.
September 9, 2020
Mandatory Quarantine for Austrians in UK & Norway
The United Kingdom and Norway introduced a travel warning for Austria which leads to a mandatory quarantine for people coming from Austria. Both countries are thus reacting on the highly increasing numbers of infections in Austria.
August 21, 2020
New Timetable for European Capitals of Culture
The Covid-19 pandemic also affects the timetable for the European Capitals of Culture. Postponements and extensions are made in order to guarantee proper planning for the selected cities. In 2024, Austria should be hosting another Capital of Culture in Bad Ischl.
August 19, 2020
Diplomats for the International Day Against Homophobia, Transphobia and Biphobia 2019
More and more embassies, delegations and permanent representations to international organisations supported this day (IDAHOBIT), that raises awareness of LGBT rights violations and stimulate interest in LGBT rights work worldwide, as well as EuroPride 2019 in Vienna.
May 29, 2019
Barnier Meets the Austrian Government - What's the Point of a Brexit Postponement?
The Brussels chief negotiator for the Brexit, Michel Barnier, visited Vienna for talks with Foreign Minister Kneissl, Chancellor Kurz and Chancellery Minister Blümel. The agenda of the meeting included an exchange on the current state of the Brexit negotiations and the future relationship between the European Union and the United Kingdom.
March 1, 2019
What Does No-Deal Brexit Really Mean for British-Austrian Travel Behaviour?
As of March 29, 2019 at 11.00 p.m. (UTC Universal Time Coordinated) or March 30, 2019 at 00:00 (CET Central European Time) the United Kingdom is no longer an EU member and is to be treated as such by Austria. In order to close the legal gaps in the course of a disorderly Brexit, a comprehensive law is in preparation. This law will be subject to numerous amendments in several Austrian ministries. The main areas affected are civil rights (in particular right of residence, social security), transport and customs. In following we look at the effects of the No-Deal-Brexit on travel behaviour.
February 13, 2019
Toys "R" Us in Austria Gets Northern Irish Owner
The Northern Irish toy dealer Smyths Toys takes over the 15 Toys "R" Us toy stores in Austria.
April 23, 2018
Analysis: Austrian Economy Falls Behind Eurozone Average
The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.
June 1, 2015
FDI: Western Europe Overtakes China and North America, Austria Improved Its Position
Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.
May 29, 2015
Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area
At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.
October 23, 2014
Bulgarians Pessimistic about Own Future
More than 90 percent of Bulgarian citizens deem the country to be in an economically bad situation.
February 20, 2014
Industrial Sector: Growth Painfully Slow
According to a survey by research institute Markit, industrial production in the Eurozone increased in October for the fourth time in a row. However, the rate of growth is still low.
November 4, 2013
ESM Charges € 262 From Every Austrian
The establishing of the European Stability Mechanism (ESM) burdens every Austrian citizens with an average amount of € 262. Luxembourg is the country contributing the most per capita followed by Ireland.
September 24, 2013
Polish Road Authority As Tardy Payer
Prime Minister Tusk seems unimpressed about ambassadors from six countries filing a complaint.
June 19, 2013
Lopatka: "Austria Is a Leading Investor in the Western Balkans States"
Austrian State Secretary welcomes the most recent agreement between Serbia and Kosovo as pointing the way towards enlargement
May 27, 2013
Slovenia Hoping for Soon Recovery
Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.
May 21, 2013
Austria to Give Up Bank Secret for Foreigners
After years of blocking, Austrian Finance Minister Maria Fekter gave green light to the abandoning of the bank secret for foreigners.
May 14, 2013
Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy
Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.
May 10, 2013
Ukraine and Ireland to Sign Double Tax Agreement
Ukraine and Ireland signed a Double Tax Agreement in Kyiv during the official visit of Irish Minister of State at the Department of Finance Brian Hayes.
April 24, 2013
First EU Bail-Out Funds for Cyprus in Mid-May
The € 10bn worth bail-out package for Cyprus will become effective in the next few weeks, according to the Irish EU Presidency.
April 17, 2013
Slovenia to Emerge From Quagmire By Itself?
A recent report by the OECD paints a dim picture of the country’s economic future.
April 17, 2013
Eurozone: Cut in Interest Rate Not Necessary
According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.
March 14, 2013
“Eurozone On Stable Ground”
Austria´s Minister of Finance Maria Fekter is optimistic. Spain, Portugal and Ireland are making substantial progress. However, the crisis is not over yet, she notes.
December 1, 2012
Vienna Stock Exchange welcomes first trading member from Ireland
As of today, Virtu Financial Ireland Limited is the first trading firm from Ireland to join as direct trading member the cash market of the Vienna Stock Exchange.
September 21, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Austria: Guarantees Reach Half of Public Debt
Among EU members, only Ireland has more guarantees as a percentage of GDP.
July 30, 2012
Strong Increase in Unit Labor Costs
Since 2008, the Austrain economy records a disproportionately high increase in unit labor costs. The average of the eurozone amounts to 6.4%. In Austria, the unit labor costs were up by 11.1%.
June 29, 2012
Survival of the Euro Questionable
Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.
June 26, 2012
Fekter Defends Euro Aids
Austria´s Finance Minister Maria Fekter underlines the „necessity of solidarity“ and stressed ist commitment to the common currency. The Austria opposition party FPÖ made a serious protest.
June 16, 2012
Spindelegger: “Great respect for future-oriented decision taken by Ireland”
The Austrian Vice Chancellor congratulates his Irish colleague Eamon Gilmore on the outcome of the referendum.
June 4, 2012
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 31, 2012
Kapsch Wins Contract in Ireland
The Austrian toll system supplier wins Irish Rail GSM-R tender for the implementation of a digital train radio system.
February 2, 2012
RHI Buys Irish Raw Materials Producer
The Austrian producer of refractory materials takes over Premier Periclase Ltd. for a price of € 21m.
September 30, 2011
Austrians Support Aid for Greece
The majority of the Austrian population does not want to let Greece down. 55% see the common currency at risk.
June 22, 2011
Bronze Medal for Austria’s Economy
According to a study by Allianz, Germany is the euro zone country with the healthiest economy. Luxembourg comes on the second rank followed by Austria.
June 21, 2011
ÖBB: Massive Losses in Ireland
The ÖBB had to write off € 260m because of a sale and lease-back transaction.
March 19, 2011
"Austria Does Not Deserve an AAA Rating"
The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.
January 29, 2011
Austrian Resistance Against Euro Bonds
Massive criticism comes from Germany, the Netherlands and Austria against the proposal to implement euro bonds to stabilize the currency in the EU.
December 8, 2010
Leitl Vehemently Defends Euro Protection Shield
The President of the WKÖ (Austrian Federal Economic Chamber), Christoph Leitl, gives a clear answer to the euro critics: without the euro, Austria would have become a problematic case in 2009.
December 6, 2010
OeNB Governor Nowotny Approves of Ireland Protection Measures
The governor of the Austrian National Bank says the decisions on Ireland and the European stability mechanism are positive.
November 29, 2010
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