Sponsored Content
Latest News
Igor Strehl Launches Dunaj Family Office Consulting in Vienna
With the founding of Dunaj Family Office Consulting 24/7 GmbH, Igor Strehl, an experienced expert in the field of financial and real estate management, is establishing a new player in the Austrian consulting landscape. The company, which specializes in investments, relocations, and property management, is positioning itself as a comprehensive service provider and trustworthy partner for private and institutional clients in Austria.
Yesterday
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
Yesterday
Cultural Bridge between Austria and Japan: Schönbrunn Palace and Himeji Castle Enter Into Partnership
Two of the most important UNESCO World Heritage Sites in the world, Schönbrunn Palace in Vienna and Himeji Castle in Japan signed a partnership agreement. This cooperation aims to preserve cultural treasures, exchange knowledge, and promote sustainable tourism and cultural education. The signing ceremony took place in the magnificent White and Gold Rooms of Schönbrunn Palace and was attended by high-ranking representatives from both countries.
Yesterday
Islamic Religious Community in Austria on the Future of Imam Training
With the symposium “Imams in modern society: training paths and social responsibility”, the Islamic Religious Community in Austria (IGGÖ) initiated a discussion about the role of imams in Austria. The event aimed to lay the foundations for Austrian imam training that does justice to both the religious traditions of Muslim communities and the requirements of a pluralistic society.
Yesterday
New Institute in Vienna with Conference on Artificial Intelligence and the Future of Society
The luxury hotel SO/Vienna opened its doors for an event on the technological future: “AI & The Future: The Age of Machines” by a new think tank in Vienna, the Vienna Institute for Global Studies.
November 28, 2024
Abuse of Office and Saudi Deal for Ex-Mayor in Upper Austria
A controversial case of abuse of office and improper acceptance of gifts has shaken a municipality in the district of Vöcklabruck, Upper Austria. A former mayor of the Austrian People's Party (ÖVP) stood before the regional court in Wels, as he is said to have accepted payments from a Saudi Arabian prince over decades to enable the rezoning of grassland into building land.
November 28, 2024
Viennese Sausage Stand Becomes UNESCO Cultural Heritage: A Tribute to the Viennese Way of Life
The Viennese sausage stand culture has been officially added to UNESCO's national list of Intangible Cultural Heritage. With this recognition, the sausage stand joins the prestigious list of Austrian traditions and is now on par with Vienna's coffee house and wine tavern culture. The decision underlines the cultural and social significance of this institution, which goes far beyond its culinary role.
November 27, 2024
Austrian Chancellor Nehammer Invites Donald Trump to Austria for Ukraine Peace Talks
In a telephone conversation with US President-elect Donald Trump, Austrian Chancellor Karl Nehammer congratulated him on his election victory and signaled Austria's willingness to act as a neutral venue for peace talks in the Ukraine conflict. The talks also covered energy security, economic and defense cooperation, and strengthening bilateral relations between Austria and the USA.
November 27, 2024
BRICS 2024: Diplomacy Between Myths and Reality
The 16th BRICS Summit in Kazan, Russia, was highlighted by Dmitry Lyubinsky, the Russian Ambassador to Austria, as one of the most important global events of 2024. In his statement, Lyubinsky repeatedly criticized the portrayal of the alliance in Western media and addressed supposed myths surrounding BRICS. But how convincing are his arguments?
November 26, 2024
Concert Night at the Austrian Foreign Ministry: Music as a Bridge between Cultures
Austria's Foreign Minister Alexander Schallenberg hosted a special concert evening at the Palais Niederösterreich under the motto “The unifying power of music”. For the second time, this event, organized by the Foreign Ministry's “Dialogue of Cultures” task force, was an impressive example of how art and music can build bridges and promote dialogue.
November 26, 2024
Austria's Commitment to Freedom of Religion and Belief: From Red Wednesday to International Alliances
On “Red Wednesday”, a campaign by the international Catholic aid organization Aid to the Church in Need, the focus is on the fate of millions of persecuted, oppressed, and threatened Christians. Numerous buildings around the world, including in Austria, will be illuminated in red to commemorate the victims of persecution and violence. The Austrian Foreign Ministry has actively supported this campaign for years and is committed to freedom of religion and belief as well as the protection of religious minorities - at national and international levels.
November 24, 2024
Arrest Warrants Against Netanyahu and Gallant: Austria Sharply Criticizes ICC Decision
The International Criminal Court (ICC) in The Hague recently issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant for alleged war crimes and crimes against humanity in the Gaza Strip. This decision has sparked fierce international debate and provoked harsh criticism - including from Austria. The Austrian Foreign Ministry published a clear statement describing the arrest warrants as “incomprehensible and incomprehensible”.
November 24, 2024
Focus on European and Global Economic Interdependencies: 21st Vienna Economic Forum 2024
High-ranking representatives from business and politics gathered at the House of Engineers in Vienna to take part in the 21st Vienna Economic Forum - Vienna Future Dialogue 2024. Under this year's motto “Regional economy as part of the European and global economy”, the forum was all about economic and political dialog. The event provided a platform for analyzing the challenges of the present and working together to develop paths for a sustainable future.
November 21, 2024
Lower Austria's Schoeller-Bleckmann Oilfield Equipment AG Records Significant Drop in Profits
Schoeller-Bleckmann Oilfield Equipment AG (SBO), a leading global supplier of specialized equipment for the oil and gas industry, recorded a significant decline in net profit in the first three quarters of 2024. With a slump of 38 percent, profit fell to 34.4 million euros, highlighting the challenges of a volatile market and geopolitical uncertainties.
November 21, 2024
IAEA Director General Rafael Mariano Grossi Honored with the Henry DeWolf Smyth Nuclear Statesman Award
Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), was honored with the Henry De Wolf Smyth Nuclear Statesman Award at the American Nuclear Society (ANS) Winter Conference in Florida. This prestigious award recognizes individuals who have made outstanding contributions to the peaceful use of nuclear energy.
November 20, 2024
Vienna Stars as European Capital of Democracy 2024/25
Vienna was officially named the European Capital of Democracy 2024/25. The Year of Democracy, in which the city will implement a diverse program to promote democratic participation and co-determination, began at a festive event. Vienna is the second city after Barcelona to hold this title.
November 20, 2024
Iran Announces Limitation of Uranium Production: IAEA and the International Community are Watching Closely
Iran has announced that it will voluntarily limit its production of highly enriched uranium. This decision was announced by the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, following talks with high-ranking Iranian officials in Tehran. The measure is seen as an important step towards de-escalation, particularly given the ongoing tensions in the region.
November 19, 2024
1,000 Days of War: Austria Steps Up Humanitarian Aid for Ukraine and Moldova
Tuesday, November 21, 2024, marks the 1,000th anniversary of the beginning of the Russian war of aggression against Ukraine. In a statement, Foreign Minister Alexander Schallenberg condemned the “brutal war of aggression in violation of international law”, which has plunged Ukraine into a humanitarian and economic crisis for 1,000 days.
November 19, 2024
Austria and Liechtenstein to Chair the EU Strategy for the Alpine Region in 2025
The handover ceremony for the presidency of the EU Strategy for the Alpine Region (EUSALP) took place at Brdo Castle in Slovenia. From January 2025, Austria and Liechtenstein will jointly take over the leadership from Slovenia.
November 19, 2024
Russian Gas Flow to Austria: Stop of Gazprom Deliveries without Noticeable Effects
Despite the cessation of gas deliveries by the Russian energy group Gazprom to the Austrian OMV, the gas flow to Austria remains stable. Deliveries were registered at the important Baumgarten hub in Lower Austria, albeit with a slight reduction compared to previous months.
November 19, 2024
Celebrities and Journalists from Austria, Europe and America Leave X
The once important platform Twitter, now known as X, is experiencing a massive decline in prominent users. While international personalities such as Stephen King or media outlets such as the British Guardian have announced their departure, the exodus is also becoming visible in Austria. Numerous opinion leaders and journalists have closed their accounts under the hashtag #eXit.
November 17, 2024
UNODC: Increase in Opium Cultivation in Afghanistan Despite Continued Drug Ban
According to a recent report by the United Nations Office on Drugs and Crime (UNODC) in Vienna, opium cultivation in Afghanistan increased by 19 percent in 2024 compared to the previous year. After an unprecedented decline of 95% in 2023, when the de facto authorities enforced a strict ban on cultivation, the area under cultivation has reached 12,800 hectares. Nevertheless, cultivation is still far below the figures for 2022, when 232,000 hectares were used for opium cultivation.
November 17, 2024
Meet the New Permanent Observer of the Council of Europe to the International Organizations in Vienna
Hermine Poppeller, the Council of Europe's new permanent observer, presented her credentials to the Director-General of the United Nations Office at Vienna, Ghada Waly. Meet Ambassador, Hermine Poppeller, the new permanent observer of the Council of Europe to the International Organizations in Vienna.
November 14, 2024
Arbitration Court Awards OMV 230 Million Euros in Dispute with Gazprom
A significant legal victory for OMV: the Austrian energy group has successfully concluded arbitration proceedings against Gazprom Export under the rules of the International Chamber of Commerce (ICC).
November 14, 2024
Vienna's MA 35: Progress at the Dreaded Office, but Challenges Remain
Vienna's MA 35, responsible for immigration and citizenship, has long been regarded as a symbol of inefficient administration and endless waiting times. The City of Vienna wants to counteract this image with a comprehensive reform process. Initial successes have been achieved, but not all problems have been solved.
November 13, 2024
Against Forgetting Political Prisoners in Belarus: “Connection” at Playhouse Vienna
Belarusian artist Maryna Yakubovich presented her solo performance “Connection” at Schauspielhaus Wien. This one-woman play focuses on the courageous resistance against political oppression in Belarus and sheds light on the dramatic situation of the opposition. The performance occurred as part of the Artists Solidarity Program Europe (ASoP) of the Austrian Foreign Ministry.
November 13, 2024
Austrian Airlines Extends Flight Stop to Tel Aviv and Tehran
The tense security situation in the Middle East is having an impact on international air traffic. Austrian Airlines (AUA) is reacting to the current situation and is further suspending its flights to Tel Aviv and Tehran.
November 11, 2024
New Bankruptcy in the Signa Group: Signa Development Icon GmbH Will not be Continued
The economic turbulence surrounding the Signa Group shows no sign of abating. The creditor protection association Creditreform announced that Signa Development Icon GmbH has filed for bankruptcy proceedings, which will not be continued in the future. "The Icon Vienna" houses prominent companies and diplomatic missions and is a subsidiary of the Signa Development Selection AG, which had previously filed for insolvency.
November 11, 2024
Othmar Karas is the New President of the European Forum Alpbach
Othmar Karas, long-time ÖVP-EU politician and former Vice-President of the European Parliament, is the new President of the European Forum Alpbach (EFA). With the handover from Andreas Treichl, who successfully reoriented the Forum over the last four years, Karas takes over the leadership of one of the most important platforms for European dialogue on future issues. Othmar Karas has already announced his plans for an even more international and European forum.
November 10, 2024
Focus on Environmental Disasters: Austria and Italy Intensify Cooperation in Environmental Monitoring
At the Italian Embassy in Vienna, international experts and representatives from politics, science, and civil protection discussed innovative methods for monitoring environmental disasters. The event emphasized the urgency of cross-sectoral cooperation and the exchange of scientific findings to overcome global environmental crises.
November 10, 2024
Official Commemoration of November Pogroms Overshadowed by Protests Against Walter Rosenkranz
Vienna remembers the November pogroms of 1938: a moving light installation and memorial events at the Shoah Wall of Names commemorate the more than 65,000 Jewish victims in Austria. However, the official commemoration was overshadowed by controversy when National Council President Walter Rosenkranz (FPÖ) met with resistance.
November 10, 2024
Austria's National Bank Chief: Budget Coffers are Filling Up Again
Robert Holzmann, Governor of the Oesterreichische Nationalbank, sees the high inflation of recent years as a major challenge for Austrian savers. Now that salaries have risen and household budgets are being replenished, he nevertheless urges caution. For a sustainable economic upturn, he says, consumer and investor confidence is essential.
November 10, 2024
62nd Round of Geneva Talks: Progress and Challenges in the Dialogue on the Conflicts in the South Caucasus
Delegations gathered at the Palais des Nations on November 5 and 6, 2024 for the 62nd round of the Geneva International Discussions (GID) on the unresolved conflicts in the South Caucasus. The Geneva talks, which have been convened since 2008 following the Georgian-Russian war, provide a platform for dialog and diplomatic exchange between Georgia, Russia, Abkhazia, South Ossetia, and representatives of the EU, OSCE, and the United Nations.
November 6, 2024
New EU Commissioner for Migration Magnus Brunner Approved by EU Parliament
The European Parliament has officially confirmed Magnus Brunner, the Austrian Minister of Finance (ÖVP), as the new EU Commissioner for Home Affairs and Migration. During the hearings, Brunner presented his vision for the migration portfolio and caused a stir with his support for the full inclusion of Bulgaria and Romania in the Schengen area. With this approach, Brunner departs from the previous ÖVP position and sends a clear signal for increased European cooperation in migration policy.
November 6, 2024
Austrian Construction Group Strabag Fined Millions in Germany for Cartel Agreements
Austria's largest construction group, STRABAG SE, is again in the headlines due to cartel allegations. The German Federal Cartel Office has imposed a hefty fine of 2.79 million euros on STRABAG AG, a subsidiary of STRABAG SE, headquartered in Cologne. The reason for the fine is an illegal bidding agreement in connection with the renovation of the famous Zoobrücke bridge in Cologne.
November 6, 2024
Intense Debates and Optimistic Solutions at the Vienna Migration Conference 2024
The annual Vienna Migration Conference (VMC), organized by the International Centre for Migration Policy Development (ICMPD), took place at Palais Liechtenstein and brought together more than 300 leading representatives from politics, academia, business, and civil society to debate current and future challenges in migration policy.
November 4, 2024
Brunner Faces Challenge at EU Hearing: Focus on Migration and Changing Schengen Position
The week of hearings for the candidates for the new EU Commission under the leadership of President Ursula von der Leyen begins in Brussels. The candidates face intensive scrutiny by the European Parliament. Austria's candidate, the current Finance Minister Magnus Brunner (ÖVP), will face the questions and must in particular prove his suitability for his new migration portfolio.
November 4, 2024
Orbán's Controversial Visit to Vienna: Talks, Alliances and Criticism
Hungarian Prime Minister Viktor Orbán's visit to Vienna caused a stir across Europe and highlighted the ideological tensions within the EU. His meetings with FPÖ representatives and the discussions about the war in Ukraine and the future of Europe divided opinion between supporters of national sovereignty and advocates of European integration.
November 3, 2024
OPEC+ Extends Oil Production Cuts by One Month
OPEC+ has decided to extend the voluntary production cuts since November 2023 by 2.2 million barrels per day until the end of December 2024.
November 3, 2024
Austria's Wooden Ribbon: A Symbol of Innovation for the Expo 2025
Austria is preparing for Expo 2025 in Osaka and recently presented the centerpiece of its pavilion in Lower Austria: a spiral-shaped wooden loop that symbolizes the motto “Composing the Future”. This impressive sculpture stands for Austrian craftsmanship and the strong connection to Japan, which is to be further strengthened by the Expo.
October 31, 2024
Anti-Semitism in Austria: IKG Records Dramatic Increase in Anti-Semitic Incidents
The Jewish Community Vienna (IKG) warns of a worrying increase in anti-Semitic incidents in Austria. In the first half of 2024, the IKG's anti-Semitism reporting office registered a total of 808 anti-Semitic attacks and threats - an increase of around 160 percent compared to the previous year.
October 30, 2024
Raiffeisen Bank International: Consolidated Profit Excluding Belarus, Russia at 856 Million Euros
Raiffeisen Bank International AG (RBI) is successfully continuing its strategy of reducing risks in challenging markets and was able to present a solid performance for the first nine months of this year despite the withdrawal from Russia and Belarus. Adjusted consolidated profit, which was calculated without contributions from these two countries, amounted to EUR 856 million. RBI thus remains stable, while at the same time implementing its withdrawal plan from the Russian business.
October 29, 2024
Moldova and the UAE Launch Space Technology Projects with UNOOSA and MBRSC
In a major international collaboration, the United Nations Office for Outer Space Affairs (UNOOSA) and the Mohammed Bin Rashid Space Centre (MBRSC) announced the winners of the second round of the Payload Hosting Initiative (PHI): the Technical University of Moldova (TUM) and the start-up Madari Space Limited from the United Arab Emirates (UAE).
October 29, 2024
OPEC Fund Intensifies Global Development Cooperation with New Financing Commitments
The OPEC Fund for International Development has announced significant financing commitments of around half a billion US dollars at the 2024 World Bank-IMF Annual Meetings to support climate action, food security, and infrastructure in various partner countries.
October 28, 2024
AUA Flights to Tel Aviv and Tehran Remain Suspended Due to Escalating Tensions
Austrian Airlines (AUA) is extending the suspension of flights to Tel Aviv and Tehran due to the uncertain situation in the Middle East. Connections to the Israeli coastal city of Tel Aviv are expected to remain suspended until November 25, while flights to Tehran will be canceled until the end of November.
October 28, 2024
Maria Todorova and Balkan Research: “Mission Possible” in Vienna
Renowned historian Maria Todorova held a series of lectures in Vienna entitled “The Balkans: Mission Possible”, in which she presented new perspectives on the complex history and culture of the Balkans. The lectures, part of the IWM Lectures in Human Sciences, challenged common stereotypes and highlighted the region as a dynamic and culturally rich area.
October 27, 2024
Georgian Parliamentary Elections Characterized by Unevenness and Tension
Widespread tensions, political polarization, and numerous concerns about fairness marked the recent parliamentary elections in Georgia. While voters had a choice of 18 parties and lists, international election observers, including the OSCE and the Council of Europe, criticized the conditions as unequal and prone to manipulation. In particular, the controversial Foreign Influence Transparency Act, introduced shortly before the elections, exacerbated the conflict and significantly impaired the independence of civil society.
October 27, 2024
Austria in Pursuit of Compromises for the Next Government
After the 2024 National Council elections, exploratory talks between the ÖVP and SPÖ will now begin to pave the way for a new government in Austria. Federal President Alexander Van der Bellen has tasked ÖVP leader Karl Nehammer with forming a government, even though the FPÖ under Herbert Kickl received the most votes. This decision led to criticism from the FPÖ, which continues to see itself as an important player in the political process.
October 24, 2024
Magnus Brunner Pleads for Schengen Accession of Bulgaria and Romania
In a published document, the designated EU Commissioner for Migration, Magnus Brunner, has spoken out clearly in favor of Bulgaria and Romania's full admission to the Schengen area. Brunner emphasized that both countries meet all the necessary conditions for accession and called for the EU Council to abolish the remaining border controls.
October 24, 2024
Insolvency of Viennese Real Estate Developer Lukas Neugebauer and his LNR Group
Another Austrian real estate company has been hit by insolvency. Bankruptcy proceedings have now been opened at the Vienna Commercial Court over the assets of Viennese real estate developer Lukas Neugebauer and his LNR Group. The bankruptcy affects both B&R Generalunternehmer GmbH and LNR Development GmbH, two central companies in Neugebauer's real estate conglomerate. The insolvency affects 32 creditors who have claims totaling 94 million euros. The creditors have until December 30, 2024, to assert their claims.
October 23, 2024
Fast News Search
