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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
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
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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
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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
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
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
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
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
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
Alpine Inable to Pay in Mid-2012 Already
Former CFO supposed to have asked Spanish parent company FCC for liquidity assistance in the amount of € 115m, otherwise “we are dead”.
July 24, 2013
Spanish and Polish Prime Minister Support EU-US Free Trade Agreement
On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
July 16, 2013
Bolivia: “We Don’t Need a US Embassy“
Bolivian President Morales is still infuriated over the flight incident and considers closing of US embassy in La Paz. He is supported by his counterparts from Venezuela and Ecuador.
July 5, 2013
Alpine: Serbia to Withdraw from Contract
Serbia intends to withdraw from the building contracts for the construction of a highway with bankrupt Alpine within the next 15 days.
July 3, 2013
Vienna: Bolivian President Allowed to Continue Journey
Bolivan President Evo Morales had to land in Vienna after several European countries – among them Spain, France and Portugal – refused the right to overfly.
July 3, 2013
Alpine: 2,600 Jobs Secured
Social Minister Rudolf Hundstorfer assumes that a lot of Alpine employees will continue to be employed. Former CEO Schiefer announced that Alpine was “clinically dead” when he took over management in April 2013.
July 1, 2013
Alpine to Be Divided Up
Swietelsky plans to take over 1,500 employees. Strabag announced interest but remains unheard.
June 27, 2013
Alpine: Work to be Resumed At Construction Sites
Time pressure grows. Work at the closed down construction sites of bankrupt Alpine it to be resumed soon.
June 26, 2013
Alpine: Biggest Bankruptcy in Austrian History
Bankrupt-gone construction company Alpine operates at 1,400 construction sites and is supposed to complete orders in the amount of € 800m. The shutting down of the enterprise has been decided.
June 25, 2013
Alpine to Be Shut Down
Bankrupt-gone construction company Alpine is facing a breaking down. After negotiations about establishing a rescue company failed, the enterprise will apply for a shutdown.
June 24, 2013
Alpine-Insolvency: 80 Companies Affected
After an analysis by credit protection association Kreditschutzverband 1870 (KSV1870), the majority of around 1,400 suppliers and subcontractors is not affected by the construction company’s bankruptcy.
June 21, 2013
Austria: Investigations on Loan to Alpine
Apparently ailing bank Hypo Group plays a role in the bankruptcy of Austrian construction company Alpine. The bank is supposed to have granted a bridge loan.
June 21, 2013
Alpine: Thousands of Jobs At Risk
Alpine’s Insolvency could cost thousands of people’s jobs. According to Social Minister Rudolf Hundstorfer, the Social Ministry would utilize all means to prevent a worst-case scenario. Alpine's affiliate in Germany is filing for bankruptcy as well.
June 20, 2013
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