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JCPOA Joint Comprehensive Plan of Action
IAEA - Romanian Ambassador has been Designated Acting Director General
Ambassador Cornel Feruta of Romania, head-coordinator of the IAEA since 2013, has been responsible for coordinating the Agency's internal and external activities. As a consequence of the recent passing away of Director General Yukiya Amano, he has been designated Acting Director General at the IAEA International Atomic Energy Agency.
July 25, 2019
Iran: Last Chance to Save Nuclear Deal Failed in Vienna
The latest round of negotiations to save the nuclear agreement with Iran has remained unresolved in Vienna. Iran's Deputy Foreign Minister Abbas Araghchi noted after the meeting, which lasted several hours, that despite some progress made at the meeting, Iran would probably continue on its path towards a partial withdrawal from the nuclear programme.
June 28, 2019
Massive Slump in Austrian Exports to Iran
Trade between Iran and Austria is shrinking. Austrian exports to Iran fell by 11.1 % in 2018, as the Foreign Trade Centre Tehran of the Chamber of Commerce reported. In addition, a further decline is expected after the negative GDP growth in 2018/2019. In addition, there are fears of a further currency decline of the rial and rising inflation.
June 24, 2019
EU and UN - 40 Years Together in Vienna
Both the UN United Nations and the EU European Union celebrate their 40th anniversary in Vienna. The Delegation of the European Union to the International Organisations in Vienna was established as soon as the United Nations opened their Vienna headquarters in 1979.
May 27, 2019
Vienna Sticks to Iran Agreement
At the Eastern Partnership meeting in Brussels, the foreign ministers of the EU states discussed the rescue efforts for the nuclear agreement with Iran, specifically the maintenance of trade relations despite US sanction threats. Austria's Foreign Minister Karin Kneissl demanded that the nuclear agreement with Iran should be an EU priority.
May 16, 2019
Review of the State Visit of Iranian President Hassan Rouhani to Austria
After the visit in March 2016, which was cancelled at short notice, Iranian President Hassan Rouhani was on a state visit to Vienna this week, accompanied by massive anti-Iran protests. The aim of the visit was a joint commitment to the Iran nuclear deal after the deal was approved in Vienna three years ago. The visit was overshadowed by a diplomatic case involving an employee of the Iranian embassy in Vienna, who had been arrested last weekend by the German judicial authorities on the basis of a European arrest warrant on suspicion of terrorism.
July 5, 2018
Nuclear Deal: Iranian President Rouhani Lobbies for Austria
The Federal Chancellery has now officially confirmed that Iranian President Hassan Rouhani will come to Vienna on 4 July for an official visit. Of course, the visit is mainly about the nuclear deal. After the USA's exit, there is considerable pressure on Rouhani.
June 19, 2018
Iran Talks Back at the Palais Coburg in Vienna
The struggle for the prolongation of the nuclear agreement with Iran continues. On Tehran's initiative, the Joint Commission is meeting in Vienna at Palais Coburg to discuss measures to support the Joint Comprehensive Plan of Action (JCPOA) on the Iranian nuclear program. Tehran wants to decide on compliance with the nuclear deal in the coming weeks.
May 25, 2018
US Termination of the Iran Agreement: Major Effects on Austrian Exports Expected
The Austrian Federal Economic Chamber fears that the Trump decision will have a massive negative impact on the Iran business of Austrian companies. It will probably be extraordinarily difficult in the future to establish the necessary payment channels for legitimate transactions.
May 17, 2018
Iran-Deal Withdrawal: Consequences for Iran-Austrian Economics Relations
About 50 Austrian companies have branches in Iran. Austrian exports to Iran rose by 9.2 percent to 301 million euros in 2017; imports increased by 18.5 percent to 119 million euros. A JCPOA supported only by the EU, Russia, China and Iran is not sufficient in the medium and long term to create the necessary investments and renewals in Iran. Without the US on board, international banks and large companies will continue to shy away from activities in Iran. Secondary sanctions will contribute to this.
May 11, 2018
Trump's Iran Deal Withdrawal Increases Uncertainty for Austrian Companies
Austrian companies react in a wait-and-see manner. The withdrawal of the US from the Joint Comprehensive Plan of Action (JCPOA) with Iran means in practice that the suspension of sanctions will no longer be extended. Considerations range from an immediate halt to activities in Iran to the longest possible active participation within the new sanctions framework. It is unlikely that Austria's exports will reach the 300 million euro mark of the previous year.
May 11, 2018
Iran-Deal - Austrian Oberbank Distances Itself from Framework Credit Agreement with Tehran
Only last year, the Upper Austrian Oberbank was the first European bank to sign a framework credit agreement with Iran. After the USA's withdrawal from the nuclear treaty, the bank is now under pressure and intends to wait and see. The bank says it could certainly take two weeks for a final solution to be found and officially agreed.
May 11, 2018
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