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Wiiw Forecast: Central and Eastern Europe Remain on Solid Growth Path Despite Trump’s Tariffs
Despite mounting global trade tensions, Central, Eastern, and Southeastern Europe (CESEE) economies are set to maintain strong growth in 2025, according to the latest Spring Forecast published by the Vienna Institute for International Economic Studies (wiiw). The report highlights the region’s resilience in the face of U.S. President Donald Trump’s protectionist policies and broader global uncertainties.
Yesterday
Russian Court of Appeal Confirms Billion-Dollar Fine Against Raiffeisen Subsidiary
A Russian appeals court in St. Petersburg has confirmed the decision of a court of first instance, according to which the Russian subsidiary of Raiffeisen Bank International (RBI), AO Raiffeisenbank, must pay over two billion euros to the Cypriot company Rasperia Trading Limited. However, this could also mean two exemptions at the same time - and one of them in Austria.
April 24, 2025
OMV Stops Fuel Procurement from Serbian NIS due to U.S. Sanctions
The Austrian oil, gas, and chemicals group OMV has stopped purchasing fuel from the Serbian energy company Naftna Industrija Srbije (NIS) due to the threat of U.S. sanctions. NIS is majority-owned by the Russian companies Gazprom Neft and Gazprom.
April 10, 2025
Russian Espionage Affair in Austria: A Targeted Disinformation Campaign in the Heart of Europe
Austria is once again at the center of an espionage scandal: The Directorate for State Security and Intelligence (DSN) has uncovered an extensive Russian disinformation campaign aimed at manipulating public opinion in favor of Russia and to the detriment of Ukraine.
March 24, 2025
Austria Plans Decision on Long-Range Missile Defense by 2028
The Austrian government has set itself the goal of making a decision on the acquisition of a long-range air defense system by 2028.
March 14, 2025
Increasing Risk of Espionage for Austrian IT Companies
Austrian companies are increasingly being targeted by foreign intelligence services. According to a recent study by the Directorate of State Security and Intelligence (DSN) in the Ministry of the Interior, which was carried out in cooperation with the Chamber of Commerce and the Federation of Austrian Industries, almost one in ten companies stated that they had already been the victim of espionage. The IT sector is particularly affected. Experts also assume that the number of unreported cases is high.
March 13, 2025
Russian Ambassador Lyubinsky Sharply Criticizes Austria
The Russian Ambassador to Austria, Dmitry Lyubinsky, delivered a speech before the members of the "Society for Friendship with Austria" (ROO). The event, originally intended to promote cultural and civil society exchange, turned into a sharp political reckoning with the Austrian government.
March 11, 2025
Progress and Deadlocks: 63rd Round of the Geneva International Discussions
The 63rd round of the Geneva International Discussions (GID) took place at the Palais des Nations in Geneva. Under the leadership of the United Nations, the Organization for Security and Cooperation in Europe (OSCE), and the European Union (EU), representatives of various conflict parties gathered to discuss security issues and humanitarian concerns in the region. While some progress was made, key topics remained unresolved due to diplomatic tensions.
March 10, 2025
Russia's Ambassador to Austria Dmitry Lyubinsky Calls for New Security Architecture for Europe
In a recently published article, the Russian ambassador to Austria, Dmitry Lyubinsky, sharply criticized Western reporting on the Ukraine conflict and emphasized the need for sustainable peace solutions. But to what extent do his statements stand up to critical scrutiny?
February 25, 2025
Austrian National Council President Discusses Ukraine Crisis with Deputy Chairwoman of the Verkhovna Rada
Ahead of the winter session of the OSCE Parliamentary Assembly, Austrian National Council President Walter Rosenkranz met with Olena Kondratiuk, Deputy Chairwoman of the Verkhovna Rada of Ukraine, to discuss the ongoing war in Ukraine and Austria’s humanitarian assistance. The meeting focused on the broader implications of Russian aggression, Austria’s role in supporting Ukraine within the limits of its neutrality, and the challenges of post-war reconstruction.
February 19, 2025
Oligarchs and Their Real Estate: How Effectively Is Austria Implementing the Russia Sanctions?
Almost three years after Russia's invasion of Ukraine, experts and politicians are puzzled as to how seriously Austria is implementing the EU sanctions against Russian oligarchs. Research shows that only nine properties have been frozen in this country, while other EU states are more transparent with their measures and enforce them more strictly.
February 17, 2025
OSCE Special Representative Visits Moldova for the Settlement Process of the Transnistrian Conflict
The OSCE Chairmanship's Special Representative for the Transnistria Conflict, Ambassador Thomas Lenk, has made his first official visit to the Republic of Moldova. The visit aimed to assess the current status of the Transnistria conflict resolution process and to promote dialog and confidence-building measures between the parties to the conflict.
February 16, 2025
Austrian National Council President Engages in Dialogue with Ukrainian Parliament Speaker
Austrian National Council President Walter Rosenkranz and Chairman of the Ukrainian Parliament Ruslan Stefantschuk recently held a video conference to discuss the pressing issues surrounding Russia's invasion of Ukraine.
February 10, 2025
Austria's Federal President Van der Bellen Calls on Diplomacy for Unity
In his traditional speech at the New Year's reception for the diplomatic corps in Vienna's Hofburg, Austrian President Alexander Van der Bellen highlighted the challenges of the current global situation. He emphasized the need for closer international cooperation, warned against increasing disinformation, and called for greater efforts to combat the climate crisis.
February 5, 2025
Wiiw Forecast: Economic Growth in Central and Eastern Europe Defies Global Uncertainties
Despite weakening industry, private consumption remains a strong growth driver and makes a significant contribution to the region's economic stability. At the same time, the unpredictable economic policy decisions of the USA under President Trump pose considerable risks for the export-oriented countries in Central and Eastern Europe.
February 4, 2025
Raiffeisen Bank International: Profit Slump due to Provisions for Russia
Raiffeisen Bank International's consolidated profit decreased by over 50% in 2024 due to a €840 million provision from a Russian court ruling, which ordered the bank to pay EUR 2 billion in damages.
February 4, 2025
Poland as a New Military Power in Europe: A Bulwark against Russia and a New Strategic Leadership Role in the EU
In recent years, Poland has developed into one of Europe's most important defense powers. Given the ongoing threat from Russia, Warsaw is focusing on a massive rearmament, stronger military cooperation with allies, and an active role in European security policy. By assuming the EU Council Presidency in January 2025, Poland will also have the opportunity to anchor its security policy priorities at the European level and set a new security policy course.
February 2, 2025
Finland Takes Over OSCE Chairmanship: Focus on Resilience and Ukraine Support
In 2025, the 50th anniversary year of the Helsinki Final Act, Finland will assume the Chairmanship of the Organization for Security and Co-operation in Europe (OSCE). With a clear focus on strengthening the resilience of the participating states and the organization, Finland is taking on a central role in Europe, marked by geopolitical tensions.
January 2, 2025
Bankruptcy Proceedings Against Ostchem Holding GmbH: Ukrainian Oligarch Dmytro Firtash in Financial Difficulties
Bankruptcy proceedings were opened at the Salzburg Regional Court against Ostchem Holding GmbH, a company linked to a major oligarch in Ukraine. The Ukrainian entrepreneur Dmytro Firtash, considered one of Ukraine's most influential and wealthiest oligarchs, is the company's majority shareholder, which has increasingly run into financial difficulties in recent years.
December 23, 2024
The Marsalek Espionage Case: A Web of Intrigue and Agents
The espionage affair surrounding former Wirecard manager Jan Marsalek has developed into one of Europe's biggest secret service scandals. New revelations show how deep and widely ramified the network of the fugitive manager, who is said to be operating on behalf of Russian intelligence services, is. The case reveals not only a complex network of agents and connections but also an alarming security situation in Austria and beyond.
December 22, 2024
Austria's Schallenberg Calls for New EU Course in Syria and Criticizes Israeli Occupation
Austria's Foreign Minister Alexander Schallenberg (ÖVP) is calling for a more pragmatic approach from European foreign policy in dealing with Syria and is positioning himself on the side of international law with his criticism of Israel's occupation of the Golan Heights. His demands have met with mixed reactions within the EU, but also raise fundamental questions about Europe's role in the region. Whether this course will endure remains uncertain given Austria's often cautious foreign policy.
December 18, 2024
OSCE Ministerial Council in Malta: Challenges for the European Security Architecture
The 31st Ministerial Council of the Organization for Security and Co-operation in Europe (OSCE) ended today in Malta with groundbreaking decisions aimed at securing the future of the organization and strengthening its ability to act. The meeting focused on personnel decisions, institutional reforms, the controversial participation of Russian Foreign Minister Sergey Lavrov, and the ongoing tensions surrounding the Russian war of aggression against Ukraine.
December 12, 2024
OMV Terminates Gas Supply Contract with Gazprom
OMV has terminated its long-term gas supply contract with the Russian energy group Gazprom with immediate effect. According to OMV, this was due to “fundamental breaches of contract” by Gazprom, in particular, because no gas deliveries have taken place since November 16, 2024. This decision represents a turning point in Austrian energy policy and marks the end of a business relationship that has lasted over 50 years.
December 11, 2024
Police Violence During Protests in Georgia: Sharp Criticism from OSCE and Ombudsman
The escalating protests in Georgia against the government's decision to suspend EU accession negotiations until 2028 have been accompanied by a wave of international criticism. Both the OSCE and the Georgian human rights commissioner have condemned the disproportionate use of force by the police. Reports of excessive police violence, numerous injuries, and arrests paint a bleak picture of the situation in the former Soviet republic.
December 4, 2024
Firtash Remains in Vienna for the Time Being: Regional Court Stops Extradition to the USA
The long-running legal dispute over Ukrainian oligarch Dmytro Firtash's extradition to the USA has taken a new turn. The Vienna Regional Court ruled that the controversial businessman's extradition to the United States was inadmissible. However, this decision may not be the last word in the internationally sensational case, as the Vienna public prosecutor's office has already announced that it will appeal by December 16.
December 4, 2024
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.
December 2, 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
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
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
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
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
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
Austria's State Security: Increasing Threat of Terrorism in Europe Since the Hamas Attack
In the last twelve months, the threat of planned terrorist attacks in Europe has increased significantly. The Directorate of State Security and Intelligence (DSN) reported a fivefold increase in the number of detected attack plans since 7 October 2023, when the Islamist terrorist organization Hamas launched a large-scale attack on Israel. This development underlines the increasing security threat in Europe, particularly concerning geopolitical tensions.
October 23, 2024
OSCE Chairman-in-Office Ian Borg on Strengthening the Organization during the UN General Assembly
The Chairman-in-Office of the OSCE, Maltese Foreign Minister and Deputy Prime Minister Ian Borg, took the opportunity of the 79th United Nations General Assembly in New York to address the most pressing challenges facing the Organization for Security and Co-operation in Europe (OSCE) in a series of meetings. The central themes of his discussions with high-ranking representatives of various states revolved around ensuring the OSCE's ability to function in the face of global and regional tensions as well as financial and personnel difficulties.
October 3, 2024
Finland Takes Over OSCE Chairmanship in 2025: Focus on Resilience and Support for Ukraine
Finnish Foreign Minister Elina Valtonen outlined Finland's priorities for the OSCE Chairmanship in 2025 to the OSCE Permanent Council in Vienna. Finland's approach is based on three central pillars: resilience, support for Ukraine and upholding OSCE principles that have been violated by Russia's actions. This comes at a time when the European security architecture is under severe pressure.
September 25, 2024
Russian Court Decision Complicates Raiffeisen Bank International Planned Sale of Subsidiary Bank
The planned exit of Raiffeisen Bank International AG (RBI) from Russia has suffered a significant setback. A Russian court has issued a temporary injunction blocking the sale of the Russian subsidiary AO Raiffeisenbank. This decision could significantly delay the Austrian bank's efforts to reduce its presence in Russia.
September 5, 2024
From Foreign Minister to Tiger Ambassador: Karin Kneissl's Unusual Career in Russia
Karin Kneissl, the former Austrian Foreign Minister, has taken on a new and, at first glance, unexpected role in Russia: She has been appointed official ambassador for the protection of the endangered Amur tiger. This extraordinary career move shows how deep her connection to Russia, and in particular to Vladimir Putin, has become. Her relationship with Russia and Putin has been at the center of international attention for years and has attracted both admiration and criticism.
September 5, 2024
Austria's Colonel Markus Reisner: Escalation, Strategies and Possible Turning Points in the Ukraine War
The war in Ukraine has reached a new dimension in recent weeks. With intensified Russian airstrikes, fierce fighting in the Donbas, and a risky Ukrainian offensive across the Russian border, the conflict is facing a potential escalation and strategic realignment. Colonel Markus Reisner, one of the Austrian Armed Forces' strategists and military academics, assesses the situation.
August 27, 2024
Ukraine's Kursk Offensive: IAEA Concerned About Kursk Nuclear Power Plant
The situation around the Kursk nuclear power plant in the Russian border region continues to deteriorate as fighting between Ukrainian and Russian forces intensifies in the immediate vicinity. Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), expressed his deep concern about the extremely dangerous situation during his visit to the power plant on Tuesday.
August 27, 2024
Ukraine's Kursk Offensive Assessed by Colonel Markus Reisner: A Risky Strategy with Far-Reaching Consequences
The recent Ukrainian offensive in Kursk, assessed by Colonel Markus Reisner of the Austrian Armed Forces, represents a bold but risky strategy that could have a profound impact on the course of the conflict and the future geopolitical situation.
August 16, 2024
Wirecard Trial: Further Charges Against Former Management Board Members
Four years after Wirecard's spectacular bankruptcy, the Munich public prosecutor's office has brought charges against two further former members of the Management Board. The focus is on the former CFO, Alexander von Knoop, and Susanne Steidl, responsible for product development.
August 7, 2024
OMV CEO Stern: Independence from Russian Gas and Solid Business Development
The Austrian oil and gas group OMV has taken a significant step towards energy independence. CEO Alfred Stern declared at a press conference that OMV is no longer dependent on gas supplies from Russia. This announcement marks the end of a two-year strategic realignment aimed at diversifying gas sources and transportation routes.
July 31, 2024
False Accusations Against Federal Police Chief Takacs in Wirecard Case Must Be Revoked by FPÖ
Austrian domestic politics recently experienced a considerable shake-up due to false accusations by the FPÖ, which claimed that Federal Police Director Michael Takacs had met with the fugitive ex-Wirecard manager Jan Marsalek on several occasions. These accusations led to legal action by Takacs, which resulted in a retraction and a cease-and-desist declaration by the FPÖ.
July 21, 2024
Harald Vilimsky Becomes Vice President of the "Patriots for Europe" Faction in the EU Parliament
On July 8, 2024, the new faction "Patriots for Europe" was founded in the European Parliament. With 84 members from twelve countries, this group represents the third-largest faction and is led by Jordan Bardella, the chairman of the French Rassemblement National (RN).
July 9, 2024
Austria's External Trade Deficit 2023 has Fallen Sharply
Austria recorded a remarkable reduction in its foreign trade deficit in 2023. As the latest figures from Statistics Austria show, the deficit fell by around 90 percent from 20.59 billion euros in 2022 to just 2.02 billion euros. This decrease is mainly due to cheaper energy imports, especially gas.
June 25, 2024
Moscow Announces Enhanced Revision of its Nuclear Doctrine
Russia's nuclear doctrine, particularly concerning its large arsenal of non-strategic nuclear weapons (NSNW), has become one of the most pressing issues in Euro-Atlantic security. Russia is planning to revise its nuclear doctrine, the Russian Foreign Ministry has announced. This decision is of course being made against the backdrop of the ongoing war of aggression against Ukraine and the reactions of the West.
June 18, 2024
OSCE Chairman Ian Borg Reaffirms Peace Efforts at Ukraine Summit in Switzerland
The Ukraine peace summit on the Bürgenstock in Switzerland emphasized the OSCE efforts under the leadership of Ian Borg, while Russia was conspicuous by its absence and strict negotiating conditions.
June 17, 2024
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