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Demand for Luxury Real Estate in Austria Increased by 12 Percent Due to the Corona Situation
Luxury real estate demand increased by 12 percent in Austria in 2021, according to the Engel & Völkers Group. Read more about the luxury real estate trends in Austria and around the world.
January 17, 2022
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Saudi Center KAICIID's Relocation from Vienna to Lisbon Completed
The Portuguese Minister of State for Foreign Affairs, Augusto Santos Silva and KAICIID Secretary General, Faisal bin Muaammar signed the Headquarters Agreement in Lisbon. Austria has one less international organization, while Portugal will now host nine international organizations. Faisal bin Muaammar has now completed his second term as planned. Ms. Elham Alshejni currently serves as the Interim Deputy Secretary General of KAICIID.
November 23, 2021
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Loss for Vienna: Relocation of Saudi Center to Lisbon Finalized
The controversial KAICIID (King Abdullah Bin Abdulaziz International Centre for Interreligious and Intercultural Dialogue), which is largely financed by Saudi Arabia and is currently based in Vienna, will relocate to Lisbon.
October 25, 2021
Forum Alpbach: Reaffirming the Importance of the Conference on the Future of Europe
The EU ministers from five member states signed the "Alpbach Declaration on the Future of Europe" at the European Forum Alpbach. The five ministers were Judit Varga from Hungary, Thomas Byrne from Ireland, Miltiadis Varvitsiotis from Greece, Juan González-Barba from Spain, and Karoline Edtstadler from Austria. The declaration highlights the necessity for cooperation and dialogue to ensure that the EU has a successful future.
September 7, 2021
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Covid-19 in Austria: These Are the Updated Entry Rules
Due to today's amendment of the Austrian "COVID-19 Entry Regulation 2021", we bring you an update on the regulations for entering Austria.
July 20, 2021
Austria Eases Entry for USA and Serbia
U.S. citizens, Serbs and citizens from nine other countries can enter Austria again. These countries have been added to the list, where only a 3-G proof (vaccinated, tested, recovered) is necessary for entering Austria. Read more about other travel updates below.
June 23, 2021
Why Austria Is NOT One of the Best Countries in the World
Why a top "Quality of Life" rating is not enough to rank among the "best" countries in the world, and why expat destinations like Canada, Japan, Germany, Australia and even Switzerland are uncatchable ahead of Austria.
April 30, 2021
Edtstadler in Madrid and Lisbon: Talks About "Green Passport"
Austria's Federal Minister for European Affairs Karoline Edtstadler has travelled to Spain and Portugal in order to discuss the fight against Covid-19, coordination in reconstruction and the "Green Passport". She demands an economic comeback that is characterized by green and digital transformation.
April 28, 2021
Batet Lamaña and Sobotka Discuss Spanish-Austrian Relations
The President of the Spanish Chamber of Deputies Meritxell Batet Lamaña and her Austrian counterpart, National Council President Wolfgang Sobotka held a virtual exchange on Covid-19, the fight against terrorism and anti-Semitism as well as numerous foreign policy issues.
April 20, 2021
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Spanish Foreign Minister Visits Schallenberg
The Spanish Foreign Minister Arancha González Laya and Austria's Alexander Schallenberg met in Vienna to discuss the Covid-19 pandemic, relations with the EU neighborhood as well as EU enlargement in the Western Balkans. Both countries support the European Commission's suggestion of a "Green Passport" for vaccinated Europeans.
March 15, 2021
Vienna Welcomes New Ambassadors from Spain, Kazakhstan, Ireland, Ghana, Argentina and Afghanistan
Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of the Kingdom of Spain, the Republic of Kazakhstan, the Republic of Ireland, the Republic of Ghana, the Argentine Republic and the Islamic Republic of Afghanistan to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.
March 4, 2021
Spanish Secretary of State for EU Met Edtstadler
The Spanish Secretary of State for the EU González-Barba Pera met European Affairs Minister Edtstadler in Vienna to discuss the fight against Covid-19 and the cooperation on EU-level. Both sides agreed on the importance of a common effort by the European Union to tackle future problems.
October 28, 2020
Permanent Representative of Spain to the United Nations Office at Vienna (UNOV) Presents her Credentials
Esther Monterrubio Villar, the new Permanent Representative of Spain to the United Nations Office at Vienna (UNOV), presented her credentials to the Director-General of UNOV, Ms. Ghada Waly.
September 18, 2020
Austria Suspends Travel also with Great Britain, Russia, the Netherlands and Ukraine
After Italy, Switzerland, Spain, France, Iran and parts of China, Austria is now also discontinuing air and rail traffic with Great Britain, the Netherlands, Russia and Ukraine.
March 15, 2020
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Highest Security Level: Austria also Suspends Travelling with Switzerland, Spain and France
In addition to Italy, air and rail traffic to Switzerland, Spain and France will now be discontinued. Alongside the existing border controls, checks are now also carried out at the border to Switzerland. The highest travel warning (security level 6) applies to all 4 countries (incl. Italy). As a result of recent decisions, security level 6 now applies to 6 countries: Italy, Iran, parts of China, Switzerland, Spain and France. The Austrian government's "goal is to prevent a situation like that in Italy with all democratic possibilities".
March 13, 2020
Diplomats for the International Day Against Homophobia, Transphobia and Biphobia 2019
More and more embassies, delegations and permanent representations to international organisations supported this day (IDAHOBIT), that raises awareness of LGBT rights violations and stimulate interest in LGBT rights work worldwide, as well as EuroPride 2019 in Vienna.
May 29, 2019
Tourism: Vienna Achieves New Record Number of Overnight Stays
Vienna recorded a new tourist record in March with an increase of 8.5% compared to the previous year. The number of guest overnight stays rose to 1,169,000. Most of the tourists came from Germany, Italy, Russia, Spain, the UK and Switzerland.
April 19, 2018
Meet the New Ambassador of the Kingdom of Spain in Austria: Juan Bautista Sunye Mendia
Updated background details of Mr. Juan Bautista Sunye Mendia, the current Ambassador of the Kingdom of Spain in Austria.
February 23, 2018
Meet Her Excellency Austria's New Foreign Minister Karin Kneissl
Karin Kneissl (53) was recently appointed Austrian Federal Minister for Europe, Integration and Foreign Affairs. At present, she is busy touring Europe and introducing herself to her counterparts, or inviting them to the Federal Ministry for Europe, Integration and Foreign Affairs in Vienna.
February 20, 2018
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Ambassador of the Kingdom of Spain in Austria: Alberto Carnero Fernández (2013-2017)
Updated background details of Alberto Carnero Fernández, the Ambassador of the Kingdom of Spain in Austria.
January 1, 2015 · Updated: February 14, 2018; 17:47
Embassy of the Kingdom of Spain in Vienna, Austria
Updated address and contact details of the Embassy of the Kingdom of Spain in Vienna, Austria
February 14, 2018
Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona
Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.
April 7, 2016
Analysis: Austrian Economy Falls Behind Eurozone Average
The latest "Attractiveness Survey" from consultancy Ernst & Young Global Limited shows, that espite strong fundamentals, Austria’s economy lost some ground on the Eurozone average in 2014, with growth of just 0.4% compared with 0.9% for the Eurozone as a whole. This comparative weakness will also continue in 2015, with Austria’s GDP growth estimated at 1.1%, against 1.5% in the Eurozone. This is despite a boost from lower energy prices, quantitative easing from the European Central Bank (ECB) and a weaker euro.
June 1, 2015
Analysis: Crash of Germanwings Flight 9525 - Investigation and Latest Responses
Yesterday Germanwings Flight 9525 from Barcelona to Düsseldorf, an Airbus A320-200, crashed around 100 kilometres (62 mi) northwest of Nice, in the French Alps. All 144 passengers and six crew members died. People on board by nationality were: Germany 67, Spain 45, Kazakhstan 3, Mexico 3, Argentina 2, Australia 2, Colombia 2, Croatia 2, Japan 2, Morocco 2, Belgium 1, Denmark 1, Israel 1, Netherlands 1, Turkey 1, United Kingdom Several (unconfirmed), and unknown 15. The aircraft had reached its cruising altitude, flight level 380 (approx. 38,000 ft [12,000 m]) at 9:27 GMT. Three minutes later the aircraft began its descent - the purpose of the descent is not currently known. 14 minutes after the initial descent, radar contact with the aircraft was lost. Meanwhile the first cockpit voice recorder was recovered by rescue workers and is being examined by the investigation team. The recorder was damaged in the crash, but was said to be still in a "usable" condition. The search for the flight data recorder was to be a priority when the recovery operation resumed. It is the third-deadliest crash of an Airbus A320, after TAM Airlines Flight 3054 and Indonesia AirAsia Flight 8501, and the third-deadliest aviation disaster on French soil, after Turkish Airlines Flight 981 and Inex-Adria Aviopromet Flight 1308. Unusually, the plane appears not to have deviated from its flight plan during its descent.
March 25, 2015 · Updated: March 26, 2015; 14:30
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Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area
At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.
October 23, 2014
Poland: Bank BZ WBK Expects High Growth of Profit
The Polish affiliate of Spanish Banco Santander, Bank BZ WBK, expects net profits in 2014 to increase compared to last year’s volume.
April 30, 2014
Austria: Difficult Market Situation for Selling Bawag
The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.
April 24, 2014
Austria: Bawag to Go Public?
Bawag PSK is likely to go public, as reported by Bloomberg.
April 23, 2014
Wealthy Investing in Real Estates in Vienna
Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.
April 4, 2014
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Austria: Dispute about Hypo Credit to Alpine
The granting of a loan to Alpine Bau, which went bankrupt soon afterwards, in the amount of € 25m by Austrian problem bank Hypo Group Alpe Adria has become an issue of the Austrian prosecution.
March 31, 2014
Bawag: Losses for Cerberus Running into Billions
There are persistent rumors that the U.S. investor may leave the Austrian bank. For Cerberus, Bawag is a disaster.
February 11, 2014
Santander on Circulated Sales Talks: „No Comment“
As reported by Vindobona, Spanish Banco Santander is said to be interest in taking over the fifth largest Austrian lender Bawag. Bawag´s management remains silent on this matter.
February 4, 2014
Austrian State Sues Six Banks
The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.
January 17, 2014
$ 1.0trn Capital Shortfall in European Banking Sector?
According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.
January 16, 2014
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Erste Group and Bank Austria Face Lawsuits
Two Austrian lending banks are involved both as plaintiffs and as defendants in bankrupt construction company Alpine’s court trials.
January 2, 2014
Croatia: Real Estate Market Crisis Goes On
After the collapse of the Croat real estate market in 2009/10, the price decrease still holds on.
December 30, 2013
Austrian Public Debt Reaches New High
The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.
December 30, 2013
EU Commission: Slovenia Makes “Key Progress”
Slovenia is among 16 EU member states that require comprehensive assessment of macroeconomic imbalances. According to a report published by the EU Commission, the small country shows significant improvement.
November 14, 2013
Austrian Banking Sector: NPL at Eurozone´s Top
In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.
October 30, 2013
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Without CESEE Business Alpine Would Still Exist
According to reports by auditor BDO and liquidator Stephan Riel, business in Austria remained profitable for insolvent construction company. If Alpine had never expanded business to CESEE it would still exist.
October 25, 2013
Bill Gates Becomes Second-Largest Shareholder in FCC
Spanish construction company and parent company of Austrian Alpine has a new shareholder: Founder of Microsoft Bill Gates has aquired a participation of around six percent.
October 22, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
Austria: Alpine’s Bankruptcy Claims Amount to € 4.15bn
In regard to construction company Alpine’s insolvency, creditors have so far registered claims in the amount of € 4.15bn, as announced by liquidator Stephan Riel in the run-up to Wednesday’s examination hearing.
October 8, 2013
Porr: Capital Increase and Rise in Profits Expected
CEO of listed Austrian construction company Porr Karl-Heinz Strauss is still in favor of a capital increase in 2014 or 2015 and calls upon the government to create “projects for the future”.
October 7, 2013
Alpine: Almost All Former Employees Have New Jobs
Because of the construction company’s bankruptcy, almost 5,000 employees lost their jobs. Currently 133 persons are still looking for a job.
September 24, 2013
Alpine: Creditors in Austria and Poland Claim Refunds
Not only the labor market in Austria is burdened but also thousands of creditors have invested in bonds of the construction company and are now facing enormous losses.
September 4, 2013
German Affiliate of Alpine Sold
By the selling of the German affiliate of construction company Alpine 520 out of 1,250 employees will lose their jobs.
September 2, 2013
Massive Losses for Alpine: € 5bn in Debts
According to the reports of the insolvency administrators, reasons like a chaotic management and low-price offers that did not prove cost-covering led to massive losses in projects abroad.
August 29, 2013
Austria: Alpine-Energie to be Taken Over by Triton
Former affiliate of construction company Alpine Bau Alpine-Energie, which is based in Linz and was temporarily “parked” with a special company, has a new owner.
August 13, 2013
20,000 Bank Shops Have Closed Since Beginning of Crisis
60 percent of the costs in the business with private clients are caused by bank shops. Still, banks are hesitant to close them as they fear the loss of long-term clients.
August 12, 2013
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