Margarete Schramboeck

The 12th Arab-Austrian Economic Forum Featuring the Arab Republic of Egypt

This year's Austro-Arab Chamber of Commerce forum features the Arab Republic of Egypt as the guest country and focuses on energy, railway and tourism, while presenting an insight into Egypt’s economic landscape and development and highlighting lucrative investments the country has to offer.

October 19, 2021

Polish-Austrian Relations: Official Visit and Business Forum in Warsaw

Polish President Andrzej Duda hosted Austrian President Alexander Van der Bellen in Warsaw for the first official visit of an Austrian President in Poland since 2009. The two had a meeting and held a joint press conference in which they discussed various issues, including Poland's current issues with the EU. Van der Bellen also attended an economic forum and met with other Polish leaders. Read more about the details of the President's visit to Poland.

October 6, 2021

Auschwitz-Birkenau: Austrian Delegation to Visit Largest Mass Murder Site in Human History

At the invitation of the Director of the Auschwitz-Birkenau State Museum Piotr M.A. Cywiński and Austrian National Council President Sobotka, an Austrian delegation including President Van der Bellen and Foreign Minister Schallenberg will attend the opening of the new Austrian national exhibition "Distance - Austria and Auschwitz" in the Auschwitz-Birkenau Museum at the former Nazi concentration camp. Read more about the important new exhibition, who will be attending the opening, and the schedule for the rest of the president's trip to Poland.

October 4, 2021

World Expo Dubai: Architecture Award for Sustainable Austria-Pavilion

The Austrian pavilion at the World Expo in Dubai by querkraft architekten consisting of 38 white cone towers has won the first prize in the category "Sustainable Architecture" at the Global Design & Architecture Design Awards 2021.

September 29, 2021

Doing Business with the United Arab Emirates: World Expo 2020 Opens in Dubai

The World Expo 2020, which kept its name despite being delayed to 2021, is set to begin in Dubai on 1 October. The United Arab Emirates (UAE) has been a particularly sought-after market for many Austrian companies. Read about the upcoming Expo, the economic relationship between Austria and the UAE, and some of the many Austrian companies that have found success there.

September 23, 2021

Austrian University Spin-offs at the World Expo in Dubai

The World Expo 2020, which retained its name despite being postponed to 2021, will begin in October in Dubai. Various Austrian university spin-offs will present their innovations that will have positive impacts on climate-conscious behavior. These spin-offs include GREENPASS, REEgain, WoodC.A.R., City Intelligence Lab (CIL), Mostly AI's Mostly GENERATE, and Incremental3D's myPot. Read more about Austria's contribution to the upcoming World Expo and what innovations these spin-offs will be presenting.

September 8, 2021 · Updated: September 8, 2021; 16:16

50th Anniversary: Diplomatic Relations between China and Austria

To commemorate the anniversary of diplomatic relations between the People's Republic of China and Austria, the Austrian Post (Österreichische Post) has now also issued a special postage stamp.

August 30, 2021

Importance of Economic Relations Between the United States and Austria

The American Chamber of Commerce in Austria (AmCham Austria) presented a new study on the importance of economic relations between the United States and Austria. AmCham also provided a position paper with five key recommendations to the Austrian Minister for Digital and Economic Affairs Dr. Margarete Schramböck and Secretary-General of the Austrian Foreign Ministry Peter Launsky-Tieffenthal. Read about the findings of the study and AmCham's recommendations.

August 23, 2021

Economic Opportunity: Malaysian-Austrian Joint Statement on Cooperation

Malaysian Minister of International Trade and Industry Mohamed Azmin Ali met with the Austrian Minister of the Economy Margarete Schramböck. The pair discussed cooperation in the high-tech industry, education and more. The two ministers also signed a joint statement, affirming Malaysia and Austria's intention of further economic cooperation.

August 3, 2021

Pioneering Hydrogen Alliance between the United Arab Emirates and Austria

On the occasion of the visit of the Ruler and Crown Prince of the Emirate of Abu Dhabi, Sheikh Mohamed bin Zayed bin Sultan Al Nahyan to Austria, the United Arab Emirates (UAE) and Austria agreed on a strategic partnership. The core of the agreement is closer international cooperation in the fields of hydrogen, renewable energy, youth exchange, green technologies, digital economy and research, according to the UAE Embassy in Vienna and Chancellor Kurz.

August 1, 2021

Austria Sees Potential Global Economic Leadership

Only recently, the Austrian government has announced a comprehensive location strategy, which should enable Austria to position itself among global economic leaders in some particular segments.

May 10, 2021

Business Location: Austria Invests in Broadband Internet

The Austrian government has announced plans of investing EUR 1.4 billion into broadband expansion. The aim of the investment is to strengthen Austria as a business location and to enhance economic development in rural areas. By 2030, a quick and stable Internet connection will be provided nationwide.

April 29, 2021

Dubai Expo: Which Austrian Companies Will Benefit from the Exhibition in the UAE?

Expo 2020 Dubai, which will take place in the United Arab Emirates from October 1, 2021 to March 31, 2022, is advertised above all as an opportunity for "Austrian companies to make a lasting impression with their innovative strength and creativity". The fact is that so far apparently only a handful of construction and design-related companies directly involved in the development of the Austrian pavilion financed by Austria are benefiting from the project. Which Austrian companies are involved in the project, you will find out in the following.

April 27, 2021

Austria Welcomes EU's Artificial Intelligence Framework

Austria's Minister for Digital Affairs, Margarete Schramböck, welcomes the new EU proposition of rules for artificial intelligence. Schramböck stresses the need for an EU-lead process and advocates for secure and innovative solutions that would "promote innovation while ensuring a high level of protection and security."

April 26, 2021

Extension of Austria's Internationalization Program "go-international" Announced

Austrian Economics Minister Margarete Schramböck and President of the Austrian Federal Chamber of Commerce (WKO) Harald Mahrer extend the joint internationalization offensive "go-international" and provide EUR 25.6 million for the next two years. The funding will focus on the areas of innovation and technology, value chains and digitalization.

April 20, 2021

Austrian Companies Join Largest European Technology Initiative

Austrian companies AT&S, Infineon Austria and NXP Semiconductors Austria are joining the IPCEI Microelectronics. The total investment volume of the Europe-wide project amount to no less than EUR 8.4 billion. Federal Ministers Gewessler and Schramböck are excited about the opportunity for Austria to make an impact in European digitalization.

March 25, 2021

Austrian Government Gives Starting Signal for "Horizon Europe"

The Austrian government has set its political, social and economic goals for the new EU’s research and innovation framework programme "Horizon Europe". Several ministers and experts have met in order to discuss Austrian expectations from the EU's new program, which will be running from 2021 until 2027.

March 25, 2021

European Union Digital Day: Schramböck Demands Digital Growth

At the European Union Digital Day, Austria's Minister for Digitalization Margarete Schramböck signed two declarations that create better framework conditions for start-ups and promote green and digital transformation. Schramböck demanded the use of more digital technologies in order to "secure European jobs and value creation."

March 24, 2021

EU Commissioner Breton and Kurz Discuss Vaccine Production

In a meeting in Vienna, EU Commissioner Thierry Breton, who is responsible for vaccine production, Austria's Chancellor Sebastian Kurz and Minister for Economic Affairs Margarete Schramböck discussed the possibilities of Covid-19 vaccine production in the EU and talked about other issues evolving around the different Coronavirus vaccines.

March 9, 2021

Austrian Minister for Economics Met German, Swiss and Liechtensteiner Counterpart

At the Quadrilateral Meeting between the Ministers of Economy from Austria, Germany, Switzerland and Liechtenstein, the topics comprised the impact of the Covid-19 pandemic on national and international economies, global trade policy and digitalization in Europe's single market system.

March 3, 2021

Schramböck and Baldwin at International Research Conference

At the research conference hosted by the Research Center International Economics (FIW), Austria's Economics Minister Margarete Schramböck had the opportunity to take part in discussions with the star economist Richard Baldwin and a number of other important representatives of international economics research.

March 1, 2021

New EU Trade Strategy: Schramböck Welcomes Proposal

Austria's Minister of Economics Margarete Schramböck welcomes the European Commission's document on a new EU trade strategy. The proposal incorporates various topics that will determine the EU's trade strategy for the next few years. Lessons learned from the Covid-19 crisis with regard to inner-European policy as well as international trade is accounted for in the proposition.

February 18, 2021

Microsoft Investment in Cloud Data Center Adds €2 Billion in Value for Austria

The data center for Austria, which Microsoft announced last fall as a milestone, is taking concrete shape. Microsoft has acquired operational building land for this purpose. The data center ecosystem is expected to include more than 4,000 local partners and cloud-using customers. It also announced investments in a new Center of Digital Excellence and skills training for up to 120,000 Austrians by 2024.

February 5, 2021

Investment Subsidy Program Gets Extended

The Austrian government has announced an extension of the investment period for which subsidies will be granted. The high demand for the subsidy shows that many companies are hoping for a quick recovery from the current pandemic, which secures important jobs and strengthens Austria as a business location.

January 25, 2021

Brexit Agreement: Austria's Economy Significantly Better Off

The Austrian Institute of Economic Research (WIFO) has issued a study in which the effects of the post-Brexit trade agreement between the United Kingdom and the European Union was compared to a no-deal scenario. The results of the study show that the Austrian economy be happy with the negotiated agreement.

January 14, 2021

Investment Agreement with China Opens Doors

The European Union and China have agreed on a joint investment agreement. The core elements of the "Comprehensive Agreement on Investment" (CAI) include better market access, sustainability and a level playing field for European and Chinese companies. Considering the fact that China will be the biggest economy of the world in the near future, the agreement opens doors to a huge market.

December 30, 2020

Schramböck: "UK Will Remain Important Partner in Europe"

Although the United Kingdom will be leaving the European Union's customs union and single market at the end of 2020, Austria's Economics Minister Schramböck assures that "Austria's companies will continue to play a significant role in the UK markets" in the future. The newly negotiated agreement between the UK and the EU will provide a proper framework for these business relations.

December 30, 2020

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

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

Further Increase of Investment Subsidy

The Austrian government has decided to increase its budget for investment subsidies. The high demand for this subsidy by companies located in Austria has exceeded the expectations of the government and is therefore adjusted upwards by another EUR 1 billion in order to further promote investments into digitalization, sustainability and other sectors.

November 30, 2020

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

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

European Ministers Sign EU Cloud Declaration

At the Informal Council of EU Minister for Telecommunication and Digitalization the future of the EU with regard to security, exchange and use of data was discussed. Austrian Minister Schramböck is delighted about the progress made and the signing of the EU Cloud Declaration that should enable an even better exchange of data among member states.

October 15, 2020

Schramböck: "Every New Infection Is a Potential Danger for the Business Location"

Federal Minister for Economic Affairs Schramböck empasizes the importance of low infection rates for the business location. She demands more rigid measures for Vienna, which is currently the Covid-19 hotspot in Austria.

October 5, 2020

EXPO 2020 Dubai: Austria Pavilion Past First Construction Stage

The World Expo 2020 in Dubai, which will now be taking place in 2021, will also be starring about 100 companies from Austria. With the completion of the Austria Pavilion's first construction stage, these companies are now one step closer to a successful exhibition.

September 25, 2020

EU eGovernment Benchmark 2020: Austria in Top 3

New services on oesterreich.gv.at and the "Digitales Amt" app are having an effect - Austria is one of the top nations in the Europe-wide comparison. Only Malta and Estonia received better results in this year's EU eGovernment Benchmark.

September 24, 2020

Increase of Budget for Investment Subsidies to EUR 2 Billion

The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.

September 23, 2020

Warning of Economic Consequences Due to Rising Infection Rates

Austria's Minister for Tourism Köstinger and Minister for Economic Affairs Schramböck emphasize the importance of low Covid-19 infection numbers for the tourism and trade sector. They fear that a rise in numbers endangers Austria's important autumn and Christmas business.

September 15, 2020

New Investment Subsidy Should Encourage Businesses to Invest

In order to encourage more investments, the Ministry for Digital and Economic Affairs implemented a subsidy for new investments with focus on digitalization, life science, health and sustainability. The subsidy does not have to be paid back and businesses can apply for it from now on.

September 1, 2020

Austria's Federal Minister for Economic Affairs: New EU Trade Agreement with Vietnam Opens Doors

New EU trade agreement with Vietnam is likely to open doors to a very profitable market for Austrian businesses. Federal Minister for Economic Affairs Schramböck hopes that domestic companies can capitalize on the favorable conditions in the future.

August 1, 2020

Foreign Direct Investment into Austria Last Year Still Unbroken

According to the Austrian Business Promotion Agency for foreign corporate investors, 462 international companies with an investment volume of 1.85 billion euros were still being supported in 2019 in establishing a business in Austria. This resulted in the creation of almost 5,000 new jobs.

July 27, 2020

Harald Mahrer Remains Austrian Federal Economic Chamber President for Another Five Years

Harald Mahrer was re-elected President of the Austrian Federal Economic Chamber (WKÖ) at the Economic Parliament and was immediately praised by Margarete Schramböck, Federal Minister for Digitalisation and Business Location.

June 26, 2020

Investing: Why Your Company Should Establish a Branch in Austria

Every crisis also opens up opportunities e.g. to revise your current strategy and to develop a new one - and time to consider new markets to expand to. Austria stands out in Europe as a highly developed business location and has weathered the crisis well so far.

May 22, 2020

Austria Becomes Self-sufficient in the Supply of Mouth and Nose Masks

Hygiene Austria LP GmbH, founded only 4 weeks ago by a cooperation of Lenzing AG and Palmers Textil AG with the aim of producing and selling protective masks for the domestic and European market, was made known to a wider public today by the visit of Federal Chancellor Kurz and Minister of Labour Christine Aschbacher, and two weeks ago by the visit of Federal Minister Margarete Schramböck.

May 19, 2020

Self-Sufficiency in COVID-19 Mask Production

A first step towards Austrian self-sufficiency in mask production for medical protective equipment was taken. In future, it should be possible to produce up to 500,000 corona protective masks of the "Made in Austria" brand every day.

April 8, 2020

Federal Chancellor: "The situation is still serious"

Austrian government presents details of the aid package designed to save jobs and businesses.

March 26, 2020

Coronavirus Crisis in Austria: Four Billion Euro Package for the Economy

The Austrian government today cancelled the budgetary "zero deficit" for 2020 and announced the provision of four billion euros for immediate measures.

March 14, 2020

US Secretary of Commerce Wilbur Ross in Vienna

The 82-year-old United States Secretary of Commerce Wilbur Ross, who has been in office since February 28, 2017 and was nominated by Donald Trump, visited Vienna and met, among others, US Ambassador Trevor Traina, WKO President Mahrer, Finance Minister Blümel, Environment Minister Gewessler and Economics Minister Schramböck.

February 11, 2020

More Women than Men - Who Forms the New Austrian Government?

Austrian President Van der Bellen has praised the new Federal Government in the Presidency Chancellery. In addition to Federal Chancellor Kurz and Vice-Chancellor Werner Kogler, the cabinet consists of 13 ministers and one state secretary. Among the 17 government members are 9 women and 8 men. Find out below who the new government members are.

January 7, 2020

Head of China's Top Legislative Body in Vienna

Li Zhanshu, one of China's most powerful politicians was in Vienna and was received by Austria's central institutions despite the domestic political turbulences.

May 28, 2019