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Styria


Westbahn Expands: New high-speed Connection on the Southern Line From 2026

Westbahn is taking the next big step: From March 1, 2026, the private railroad company will offer five daily train connections between Vienna and Villach via the newly constructed Koralm Railway. With modern high-speed trains and a fast direct connection, Westbahn represents a serious alternative to ÖBB - especially for commuters and business travelers.
March 13, 2025


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


Chinese Ambassador Qi Mei Visited Styria: Deepening Bilateral Relations

The Chinese ambassador to Austria, Qi Mei, paid a working visit to Styria. Her visit focused on meetings with Governor Mario Kunasek and Provincial Parliament President Gerald Deutschmann, during which the positive developments in Styrian-Chinese relations.
February 24, 2025


Increase in Naturalizations in Austria in 2024

In 2024, Austria recorded a notable rise in naturalizations, with 21,891 individuals acquiring citizenship. This represents an increase of 9.8% compared to the previous year, reversing the decline observed in 2023.
February 19, 2025


Surge in Demand for Houses as Prices Decline Across Austrian Regions

Austria’s real estate market underwent a dynamic transformation in 2024, marked by a significant surge in the demand for single-family homes alongside fluctuating property prices across the country. While potential homeowners increasingly entered the market, drawn by improved financing conditions and relaxed credit regulations, regional price trends revealed a complex picture.
February 12, 2025


Largest Insolvency in Styria: Fisker GmbH and its Effects

The insolvency of the Austrian Fisker subsidiary has far-reaching consequences for the Styrian economy. With a mountain of debt of almost four billion euros, it is the largest corporate bankruptcy of the year.
August 8, 2024


AIRPOWER24: Europe's Largest Airshow Takes Off in Zeltweg

On September 6 and 7, 2024, AIRPOWER24, Europe's largest airshow, will take place at Hinterstoisser Air Base in Zeltweg, Styria. The event is accompanied by an extensive program and offers numerous highlights for aviation enthusiasts of all ages.
August 4, 2024


DHK New Year's Reception 2024: Business and Politics in Dialog

The traditional New Year's reception of the German Chamber of Commerce in Austria (DHK) took place in Graz, set against the historic backdrop of the auditorium of the Old University.
January 17, 2024


Diplomatic Trip to Styria: Between Business Location and Chocolate Paradise

After a break of several years due to COVID - Pandemic, the traditional diplomatic excursion finally took place again. This time, the ambassadors based in Austria had the opportunity to get to know the many facets of the local culture, innovative strength, and culinary delights in Styria.
June 29, 2023



Travel Tips in Austria: Admont Abbey Library in Styria


The Admont Abbey Library makes a decisive contribution to the attractiveness of Styria as a vacation destination and inspires visitors worldwide to visit Austria.
April 19, 2023


Worldwide Awards for Austria's Wines

In international trade magazines and at renowned wine competitions, Austrian wines generated enthusiastic voices and won top ratings, gold medals and coveted trophies.
August 9, 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

Austria's Population will Exceed Nine Million this Year
Austria's population is nearing nine million and should reach this mark sometime in 2022. Read more about Austria's recent population increase.
February 16, 2022


Nuclear Concerns: Austria Expresses Reservations About Slovenian Nuclear Plant

Slovenian Foreign Minister Anže Logar and the Slovenian State Secretary for Infrastructure Blaž Košorok met with Austrian Foreign Minister Alexander Schallenberg and Styrian Governor Hermann Schützenhöfer in Ljubljana. Among other issues, the group discussed Austria's concerns with the nuclear energy industry and, more specifically, Austria's concerns with Slovenia's nuclear power plant in Krško.
August 24, 2021 · Updated: August 24, 2021; 12:22


Austrian Urbanization Goes On

Austria's towns in figures 2011: education and social welfare, a challenge for growing agglomeration areas; services and administration, the largest budget items.
June 19, 2012


Different Economic Dynamics Among Austrian Provinces

In 2011, Styria achieved the highest economic growth rate among the nine Austrian provinces. This year, Upper Austria is expected to lead the ranking.
June 4, 2012


Austrian Industry Underlines Importance of „South Axis“

According to a recent study, the Southern Railway (Südbahn) creates 15,000 new jobs. The value creation totals € 15.5bn.
April 12, 2012


EStAG Reports Moderate Rise in Earnings

The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.
March 30, 2012


Gigasport Withdraws from Czech Republic and Slovakia

The Austrian sports brand closes twelve branches in the Czech Republic and Slovakia. 280 workers are affected.
March 1, 2012


Verbund Starts Styrian Power Plant

Austria's cutting-edge-thermal power plant is already supplying electricity and district heating. Investment sum totals € 550m.
February 8, 2012


Binder+Co Presents Promising Technology

The Austrian machine and plant manufacturer and a Chinese partner together developed a new method for production of lightweight materials.
October 13, 2011


Andritz Not Affected by Belo Monte Construction Stop

The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.
September 29, 2011


Ringana Cosmetics Expands

The Austrian cosmetics manufacturer already has to raise its production capacities in order to meet rising international demand.
September 20, 2011


Magna to Build Battery Factory in Styria

The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.
August 26, 2011


BKS Bank Continues Expansion Course

The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.
August 19, 2011


Binder+Co Moves Up a Gear in the First Half of 2011

The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.
August 17, 2011


Andritz: Favorable Business Development in Second Quarter 2011

The Austrian technology group showed a good business development in the second quarter of 2011 and increased all relevant key figures compared to last year’s reference period.
August 9, 2011


PE Firm Acquires Prefabricated House Specialist Hanlo

The Styrian provider of prefabricated houses was acquired by H.I.G. European Capital Partners. Company founder Hanno Loidl will remain active in an advisory role.
July 19, 2011


SensorDynamics Acquired by Maxim

The Styrian semiconductor company was sold to Nasdaq-listed Maxim Integrated Products. The American group will pay approximately $ 130m (€ 92.3m).
July 19, 2011


Green Tech Industry as an Important Factor in the Styrian Economy

The Styrian green tech cluster has grown twice as fast as the global market over the last five years. More than 5,500 new jobs have been created.
July 13, 2011


Binder+Co Takes Over Italian Mechanical Engineering Company

Through the acquisition, the Austrian machine and plant manufacturer enlarges its portfolio and expands its sales network in the Mediterranean region.
July 12, 2011


JCL Logistics Acquires Competitor in the Netherlands

The Styrian logistics provider will become market leader in the Benelux countries. The company is active in 25 countries already.
June 9, 2011


Binder+Co Starts 2011 with Strong First Quarter Growth

The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.
May 18, 2011


Andritz: Good Business Development in the First Quarter of 2011

The Austrian technology Group increased all relevant key figures compared to last year’s reference period.
May 6, 2011


A-Tec: Coal Power Plant Will Not Be Converted

The insolvent company pulls back from its request to convert the Styrian power plant Voitsberg III. The total investment would have amounted to € 100m.
May 4, 2011


Strong Earnings Growth for Hypo Steiermark

The operating profit of Hypo Steiermark rose to 21.5 million euro, more than doubling the previous year’s result.
April 30, 2011


Christof Holding AG Takes over BEA Electrics from bluO

With the acquisition of 100 % of Vienna-based BEA Electrics, the Styrian Christof Holding AG, which is wholly owned by the Christof family, continues its expansion.
April 27, 2011


Solid Delivers Solar Technology to the U.S.

The Styrian solar technology company has succeeded in winning three major orders from Arizona. Public buildings are to be supplied with solar energy.
April 23, 2011


Payer Takes over Fluid Pack Production from Roche

July 2011 will see Roche Diagnostics in Graz transfer 6 fluid pack production systems to Payer International Technologies in St. Bartholomä. The cooperation with Roche continues.
April 15, 2011


Styria: "The crisis is over"

The Austrian Institute of Economic Research (WIFO) considers that the federal province hit extremely hard by the economic crisis has resumed the upward trend.
April 9, 2011


Official start of construction of Austria's largest building project

The start of construction of the controversial Koralm tunnel, a railway connection between Carinthia and Styria, has occurred. The 20km long tunnel will be completed in 2022.
March 29, 2011


Economy: "South Axis” Demands Recovery Program

Styria and Carinthia are at a disadvantage concerning infrastructure compared with other provinces, was the criticism of the Economic Chambers of the "strong south".
March 25, 2011


Lannacher has Delivery Problems with Iodine Tablets

The Austrian pharmaceutical company manufactures the only potassium iodide tablets in the German-speaking area. Demand strongly exceeds production capacity.
March 18, 2011


Steiermärkische Sparkasse Doubled Profits

The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.
March 17, 2011


Andritz: Favorable Business Development in 2010

The Austrian technology Group Andritz showed favorable business development in the 2010 business year. Sales rose by 11.1%, order intake increased by 23.4%
March 9, 2011


Austria's Public Debt Ratio Increases to over 80%

By including again non-active budget items, which are no longer allowed under EU law, debts of the Republic of Austria increase dramatically.
March 8, 2011


Magna Europe in Euphoria

The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 2011


Decreasing Wine Production in Austria

According to Statistics Austria's wine harvest survey 2010, a wine production of 1 737 500 hl was achieved, produced on an area of 43 700 ha (-3% to 2009).
March 5, 2011


Increasing Profits for BKS

The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.
March 4, 2011


Binder+Co: Significant Rise in Sales and Profits

The Austrian engineering group Binder+Co was progressing well in 2010: sales revenues and EBIT above the level of last year, order intake up by 39%
March 3, 2011