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Martin Kocher
Austria Secures EU Approval for First European Chips Act Project
The European Commission has granted funding for a state-of-the-art semiconductor production facility by Austrian manufacturer ams OSRAM AG in Premstätten, Styria. With a total investment of €567 million, including up to €227 million in government support, the project aims to enhance Europe’s technological resilience and supply chain security.
February 25, 2025
Shock for Austrian Foreign Trade: Weak Demand from Abroad Depresses Exports
The Austrian economy is facing a new challenge: exports slumped more sharply in November 2024 than they have for years. In particular, weak demand from Germany and the EU is causing concern - experts are warning of long-term consequences for industry and the labor market.
February 7, 2025
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
Austria Investing in the Future: Strengthening STEM Education and Massive Research Funding
Austria is setting standards in the education and research landscape to meet the challenges of the future. With two far-reaching initiatives, the government aims to combat the shortage of skilled workers in the STEM fields (mathematics, IT, natural sciences, and technology) as well as massively promote research and innovation in the country. These measures are intended not only to solve short-term problems but also to secure and strengthen Austria as a business location in the long term.
August 13, 2024
Salzburg Summit: Europe's Challenge in the Global Economy
The Salzburg Summit 2024 provided a platform for discussions on the pressing economic and political challenges facing Europe. One of the central debates revolved around the tense relationship with the major economic power China and the resulting impact on European competitiveness.
July 25, 2024
Austria's Challenges and Successes in the OECD Report
The OECD has presented its latest country report for Austria. Every two years or so, the Organization for Economic Cooperation and Development analyses each member country as a whole and summarizes the findings of this analysis in a comprehensive report. Austrian policymakers have now taken up this report and are hotly debating it.
July 9, 2024
Swiss Novartis Opens Fastest Cell Culture Facility in Tyrol
Novartis opened a state-of-the-art cell culture facility for the production of monoclonal antibodies in Schaftenau, Tyrol.
June 24, 2024
30 Years of the WKÖ Export Prize: Austrian Companies Honored for Top Performance
Austria's export industry has achieved impressive successes over the last 30 years. EU accession in 1994 played a key role in this, paving the way for a more than five-fold increase in goods exports. Despite challenging framework conditions, the 63,700 domestic export companies achieved a record value of 200 billion euros in goods exports and 83 billion euros in services exports last year.
June 18, 2024
Farewell to Brigitte Bierlein: A Role Model for Generations
Austria has bid farewell to Brigitte Bierlein, the country's first female chancellor, who passed away at the beginning of June. The funeral services began with a solemn requiem in St. Stephen's Cathedral and ended with the burial at Vienna's Central Cemetery. Bierlein was not only honored as an outstanding lawyer and politician, but also as a courageous and far-sighted woman who was always ready to take on responsibility.
June 16, 2024
Unrestricted Access to the Labor Market for Ukrainian Refugees in Austria Decided
Ukrainians who have fled the war should be able to participate in the Austrian labor market permanently and without restrictions. The Social Affairs Committee of the National Council today pushed the extension of the “Red-White-Red Card Plus” towards a final decision in plenary. The governing parties ÖVP and Greens, as well as the NEOS, voted in favor, while initiatives by the NEOS and FPÖ on immigration were postponed.
June 6, 2024
Strengthening Economic Relations Between Austria and Saudi Arabia
The Saudi Minister of Economy, Faisal Al-Ibrahim, visited Vienna and met with the Austrian Federal Minister of Labor and Economy, Martin Kocher. A Memorandum of Understanding (MoU) was signed as part of the 9th Saudi-Austrian Joint Committee, which aims to strengthen further and diversify economic relations between the two countries.
June 5, 2024
Future of Research in Austria: Leader in the European Union
In an unprecedented phase of development, Austria's research landscape has set out to achieve the highest research quota within the European Union. The year 2024 marks a turning point in which the country achieves a research quota of 3.34% of gross domestic product (GDP) - a record figure that puts Austria on the ambitious path to the top in Europe.
April 24, 2024
Austria and USA Launch New Exchange Program for Young Professionals and Students
In a new step to deepen transatlantic relations, Austria and the United States have launched a new Working Holiday Program (WHP) that offers young people from both nations the opportunity to experience each other's culture, everyday life, and the working world.
February 21, 2024
Africa Day 2024: Austria Looks to Africa's Future Markets
This year's Africa Day was all about Africa's future markets and offered a platform to strengthen economic relations between Austrian and African companies. Organized by the Austrian Federal Economic Chamber (WKÖ), the event attracted more than 1,200 participants from Austria, over 30 African countries, and guests from Europe, Asia, and the USA.
February 5, 2024
Realignment and Expert Dialog: Austria's Path to Fair Competition
The new head of the Federal Competition Authority (BWB), Natalie Harsdorf-Borsch, has set herself the goal of taking stronger action against companies that abuse their market power. This focus marks a strategic reorientation of the BWB, which previously dealt primarily with price agreements and investigated fewer cases of abuse of market power.
January 28, 2024
Austria Discusses Sustainable Development: 3rd SDG Dialogue Forum Austria
The 3rd SDG Dialogue Forum Austria has now taken place in the Sofiensälen in Vienna. The meeting was organized by the Austrian Federal Administration, SDG Watch Austria, and the Ban Ki-moon Centre for Global Citizens. The agenda focused on the implementation of the 17 Sustainable Development Goals (SDGs) of the United Nations by 2030.
October 15, 2023 · Updated: October 16, 2023; 12:49
Salzburg Summit: International Conference Brings Together Top Politicians, Scientists and Business Leaders
July 26, 2023, marks the start of the 4th Salzburg Summit, a high-profile international business and future conference that will take place on the fringes of the renowned Salzburg Festival. The event will be formally opened by EU Budget Commissioner Johannes Hahn and the President of the Federation of Austrian Industries (IV), Georg Knill. In light of recent global challenges, including a war on European soil and the global COVID-19 pandemic, the summit is dedicated to the goal of a sustainable future for Europe amid uncertainty.
July 23, 2023
Austrian Government Aims to Increase Skilled Immigration and Address Labor Shortages
The Austrian government, led by Economy and Labor Minister Martin Kocher, plans to attract a minimum of 15,000 skilled workers from non-EU countries to Austria annually by 2027 through the Red White Red card (Rot-Weiß-Rot Karte) program.
July 18, 2023
Salzburg Europe Summit 2023 Taking Place this Year for the 19th Time
The annual Salzburg Europe Summit, Europe's leading event, will once again address the many challenges facing Europe in September in Salzburg. Among others, topics from war and the climate crisis to energy supply and social coexistence will be discussed.
June 28, 2023
42.5 Million Euros for the Establishment of Excellent Technical Competence Centers
Call for proposals for COMET Centres is now open. This Promotes research at a high international level by science and industry.
May 30, 2023
Meet the Ambassador of the People's Republic of China to Austria
The People's Republic of China has had a new ambassador in Austria for some time now. Meet Qi Mei, the Ambassador of the People's Republic of China to Austria.
May 23, 2023
EU Parliament President Metsola Brings European Issues to Austrian Parliament
EU Parliament President Metsola will address the Austrian National Council on European affairs, participating in a National Council resolution.
May 18, 2023
Austrian Business Leaders and Government Officials Discuss Economic Ties with South Korea
The President of Austrian Chamber of Commerce Harald Mahrer welcomed South Korean Prime Minister Han Duck-soo. South Korea will be a global hotspot for future technologies of central importance for Austria.
May 14, 2023
New Funding for Economic Transformation in Austria
The Ministry of Labor and Economic Affairs (BMAW) has announced a new funding track under the Climate and Transformation Offensive. The Austrian Research Promotion Agency (FFG) supports the Austrian economy in the transformation and the BMAW provides €300 million for research funding until 2026.
March 1, 2023
30 Years of EU Single Market: Austria’s Advantages are Apparent
30 Years of the EU Single Market have had a positive influence on Austria’s economy. This is shown by the reports of the Ministry of Labor and Economy and the Austrian Economic Chamber (WKO).
February 18, 2023
Ministers of German Speaking Countries in Vienna
The economic ministers of the German-speaking countries, namely from Germany, Switzerland, Austria, and Liechtenstein met in Vienna to discuss several economic measures from the past and for the future.
February 13, 2023
Austria Wants to Accelerate the Integration of Displaced Persons into the Labor Market
The Austrian Public Employment Service (AMS) and the Austrian Integration Fund (ÖIF/AIF) want to accelerate the integration of Ukrainians into the labor market. A letter will be sent to displaced persons encouraging them to contact ÖIF and AMS in order to find employment.
February 12, 2023
President Van der Bellen Reassured Support for Ukraine
Austrian Federal President Alexander Van der Bellen met with his counterpart Volodymyr Zelenskyy to reassure Austria’s support for Ukraine. He also visited several humanitarian organizations doing their best they can to help and rebuild Ukraine.
February 2, 2023
New Memorial Plaque on Stubenring Commemorates Victims of the Nazi Regime
A commemorative plaque for the victims of Nazi military tribunals was unveiled today by Minister of Social Affairs Johannes Rauch, Minister of Justice Alma Zadić, Minister of Agriculture Norbert Totschnig and Minister of Labor and Economic Affairs Martin Kocher at the government building on Stubenring in Vienna.
January 23, 2023
Weekly Briefing: News From Austria's Diplomacy
The Find out more about this week's developments. Austria is making an effort to combat the climate crisis. Austria's foreign policy awards prizes in the arts, culture and science. Read about the latest developments in diplomacy in Vienna and Austria.
November 17, 2022
Austria Awards State Prize for Innovation
The State Prize Innovation 2022 from the Austrian Ministry of Labor and Economy goes to the Lower Austrian company DSM Austria GmbH. With their innovation, they make an important contribution to the safe and healthy nutrition of animals and humans.
November 16, 2022
Austria Signs Participation Agreement for EXPO 2025 in Osaka
Austria recently signed the official participation contract for the World Expo 2025 in Osaka, Japan. Expo 2025 is expected to attract more than 28 million visitors from all over the world and provides the ideal stage for Austria to showcase its progress and developments.
October 31, 2022
Global Business Campaign ReFocus Austria to Be Continued
A lot of attention was given this year's Ambassadors' Conference in Vienna to Austria's export economy as well as to ReFocus Austria, the successful economic campaign that has now been continued.
September 9, 2022
New Framework Agreement Between Ukraine and Austria to Facilitate Economic and Humanitarian Assistance
A new framework agreement between Ukraine and Austria is to promote a strengthening of economic cooperation as well as the expansion of humanitarian aid on the ground. For this purpose, the Austrian Minister of Labour, Martin Kocher, and the Caritas Secretary General, Andreas Knapp, travelled to Ukraine.
September 8, 2022
Austria as an International Leader in Research and Development Expenditures
Austria is one of the top performers in Europe in terms of expenditure on research and development. With a value of over 3% of GDP, Austria is thus one of the few countries to reach the EU's specified quota. Austria is also very successful in other areas on average in the EU. Read more in the following article!
July 4, 2022
WorldSkills - "World Apprentice Championships" to be Held in Austria
The 46th WorldSkills was scheduled to be held in Shanghai, China, from October 12-17, but had to be canceled due to the month-long covid-related lockdown. WorldSkills 2022 SpecialEdition is now spread over 15 host countries, including Austria, and will be held in Salzburg.
July 3, 2022
Reform of the Red-White-Red Card: Facilitation for Foreign Workers
In order to cope with the acute shortage of skilled workers in Austria, access to the Austrian labour market is to be facilitated for foreign workers in the future. The application procedure is to be made easier and the criteria for obtaining the Red-White-Red Card are to be reduced.
June 29, 2022
EXPO 2025 in Osaka: Austria Wants to Strengthen Diplomatic Relations
Austria wants to further expand its diplomatic relations at the World Expo 2025 in Osaka. To this end, Ursula Plassnik, former Foreign Minister and experienced diplomat, has now been appointed an official representative for EXPO 2025.
June 22, 2022
Austria Goes Back to Coal Power
The Mellach heating power plant in Styria, which is currently shut down, is to be converted so that electricity and heat can be generated there again from coal in an emergency. This was confirmed by Austria's Chancellor Nehammer.
June 20, 2022
Cooperation Program Between Indonesia and Austria Receives International Award
A project realised in the course of an international cooperation programme between Indonesia and Austria recently received the coveted Constantinus Award 2022 in the category "International Projects". The cooperation between the Austrian company Bit Media and the state of Indonesia involved the development of a maritime vocational training centre at the Vocational and Productivity Training Centre (BBPVP) Medan in Indonesia.
June 16, 2022
Reform of the Red-White-Red Card: Facilitation for Workers From Abroad
The Red-White-Red Card, which allows its holders access to the Austrian labor market, is to be made easier to obtain in the future. This was recently announced by Minister of Labor Kocher and Minister of Economics Schramböck. Relaxations in the approval procedure are intended to attract more skilled workers to Austria in the future in order to combat the acute shortage of skilled workers in the country. The Chamber of Commerce and the Federation of Austrian Industries are delighted.
April 28, 2022
Cooperation Between the USA and Austria - USA Adopts Austrian Education Model
In the future, Austria and the United States will deepen cooperation in the field of labor. The United States wants to copy Austria's successful apprenticeship system in order to counteract the acute shortage of skilled workers in the country. In addition to a regular exchange at the expert level, Austrian companies in the U.S. will also help with the implementation.
April 14, 2022
Ukraine Refugees in Austria: ID Card and IT Infrastructure for Registration and Data Collection Now Ready
Currently, thousands of Ukrainians seeking refuge are coming to Austria to escape the horrors of the war. In order to stay and work here, they need to register at the police, which recently received new registration modules. These are intended to contribute to the quick and easy registration of persons arriving in Austria who are looking for help.
March 28, 2022
EU-Wide Minimum Wages: Kurz and Kocher Reluctant
Austria's Chancellor Kurz and Labor Minister Kocher took part at the EU social summit, which dealt with social injustice in all its facets. Among the possible measures to fight injustices, EU-wide minimum wages could be implemented, which would have an enormous impact on the economy.
May 11, 2021
Unemployment Decreases: Austria's Economy Trends Upwards
Austria's economy and employment show signs of recovery. The recent unemployment figures show a decline of about 8.7 percent in April compared to the previous month. Compared to last April, which was one of Austria's first months in the midst of the pandemic, this is a decrease of 32 percent.
May 4, 2021
Austrian Unemployment Decreases in March
The number of unemployed Austrians has decreased significantly in March compared to the previous month. About 56,000 fewer people have been reported unemployed, while the number of people in training at the Austrian Arbeitsmarktservice (AMS) has increased. This is likely due to the recent measure, which provides training priorities in areas where there is a particular demand for qualified workers.
April 7, 2021
Extension of Re-Employment Promise in Austria Gives Planning Security
In order to alleviate the hard-hit tourism industry, Austria's Labor Minister Martin Kocher and Tourism Minister Elisabeth Köstinger have announced to further extend the re-employment promise until the end of official closures. This gives the respective businesses more planning security, since they will not have to worry about their well-trained employees.
March 31, 2021
Austria's Labor Minister Demands More Education and Training Opportunities
At an informal Employment and Social Affairs Council, Austria's Labor Minister Martin Kocher and his EU counterparts were discussing employment and social policies that address the recovery from the current crisis. Kocher emphasizes the need for education and training opportunities, which will proof to be useful for getting back to economic strength.
March 17, 2021
Corona Short-Time Work in Austria Is Extended
Austria's Labor Minister Martin Kocher has announced a new phase for the so-called Corona Short-Time Work in Austria valid from April 1, 2021, to June 30, 2021. The conditions of the new phase are similar to the current regulations. The aim for after June is to gradually phase-out the short-time work where possible.
February 17, 2021
Deadline for Austrian "Reemployment Promise" Gets Extended
To further support the hard hit Austrian economy, the Minister of Labor and Minister of Tourism have decided to extend the deadline for the so-called "reemployment promise". This allows employers to lay off their employees and agreeing to re-hire them, once the sector is allowed to open up again. The affected employees receives unemployment benefits without any placement activities by the Austrian Arbeitsmarktservice.
February 15, 2021
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