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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
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Swedish and Austrian Integration Minister Discuss Political Islam
The Swedish Minister of Justice and Integration Morgan Johansson and his Austrian counterpart Susanne Raab met virutally to discuss the topics of extremism and political Islam. After the terror attack in Vienna in November 2020, Austria's Integration Minister has met several responsible minister from other countries in order to exchange views on possible counter-measures.
February 17, 2021
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Swedish Digital Platform Sellpy Launches in Austria
The e-commerce platform for selling second-hand fashion has now also been launched in Austria, following Sweden, the Netherlands and Germany. As a result, Sellpy, which is part of the H&M Group, is now active in four countries.
February 3, 2021
Speaker of Swedish Parliament Met Sobotka
The Speaker of the Swedish Parliament Andreas Norlén met virtually with his Austrian counterpart, National Council President Wolfgang Sobotka. The main topics of the meeting comprised the fight against the Covid-19 pandemic, parliamentary security and foreign relation issues.
January 12, 2021
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Conference of Frugal Four and Finland Was Hosted by Austria
The Foreign Ministers of Denmark, Sweden, the Netherlands and Finland came to Vienna to meet with Austria's Minister for European Affiars Edtstadler. On the agenda was the issuance of a joint statement in which they Ministers condemn the recent terror attack in Vienna and other topics regarding the cooperation of the five countries.
November 5, 2020
Swedish Minister for EU Affairs Met Austrian Counterpart
The Swedish and Austrian Minister for EU Affairs have come together to discuss current EU topics which included migration policy, the joint fight against Covid-19 and recent developments between Great Britain and the EU regarding Brexit.
October 7, 2020
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Austria Lifts Landing Bans for Airplanes from All 18 Countries that were Previously Banned
The previous landing bans for aircraft from 18 countries expired on 1 August 2020. From now on, new entry regulations will apply, requiring a mandatory Covid 19 test. There are exceptions for diplomats and some other groups.
August 1, 2020
Landing Ban at Austrian Airports Extended from 10 to 18 Countries
In the fight against the coronavirus pandemic, Austria will reinforce the landing bans for aircraft from COVID-19 risk areas as of Thursday, 16 July. Thus, landing bans will apply to aircraft from the following countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, China, Egypt, Iran, Kosovo, Moldova, Montenegro, North Macedonia, Portugal, Romania, Russia, Serbia, Sweden, United Kingdom and Ukraine.
July 14, 2020
Ambassador Kumlin Granit Takes Over from Ambassador Al-Hadid as New Chairperson of IAEA Board of Governors
The IAEA Board of Governors elected by acclamation Ambassador Mikaela Kumlin Granit of Sweden as the Chairperson of the IAEA’s Board of Governors for 2019–2020.
September 24, 2019
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Ikea Logistics Centre Vienna Completed: €70 Million Investment Volume
One year after the start of construction work, the Ikea logistics centre with 43 loading gates has been completed. To date, Ikea has invested more than 70 million euros in the site. The site will have a total of 150 employees.
August 25, 2019
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
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Crown Princess Victoria of Sweden Visits IAEA Laboratories in Seibersdorf
Her Royal Highness Victoria, Crown Princess of Sweden visited the laboratories of the International Atomic Energy Agency (IAEA) in Seibersdorf, Austria to understand how nuclear techniques help IAEA Member States with food and agriculture, human health, industrial applications and the environment.
December 4, 2018
Strabag to build further Akalla tunnel section for the Stockholm motorway ring
STRABAG Sverige AB, a subsidiary of STRABAG SE, has been awarded an approx. EUR 45 million contract from the Swedish Transport Administration (Trafikverket) to build the Akalla Motorway Tunnel. The tunnel is part of the Stockholm Bypass, a motorway ring around the Swedish capital and currently the largest road construction and tunnelling project in the country.
November 21, 2017
Swedish Embassy in Vienna has New Premises
The Swedish Embassy/UN representation and the OSCE-delegation have moved to new premises with extensive entertainment facilities, Schwedenhaus Wien. This represents a new and unique concept which could be a model for how Sweden will be represented abroad in the future. As the Embassy also represents Sweden in Slovakia and Slovenia, Schwedenhaus Wien will have both a regional and multilateral (UN and OSCE) approach.
May 29, 2015
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Poland: Takeover of Nordea Bank Polska Granted
PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.
March 4, 2014
Polish PKO BP Tapping into Swedish Leasing Market
Major Polish lender PKO BP has opened a branch of its leasing unit in Sweden.
February 20, 2014
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Poland: PKO BK Still Wants to Take Over Nordea
PKO BP had to extend the subscription period for the second time.
February 18, 2014
Spindelegger Positive about Creation of Financial Transaction Tax
In the run-up to the beginning of the ECOFIN Council in Brussels, negotiations about the further proceeding of the financial transaction tax were held among eleven EU finance ministers.
February 18, 2014
Ukraine: Tough Market for Foreign Banks
The coming two years will be challenging for foreign banks operating in Ukraine.
February 11, 2014
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Austria: High Tax Country
According to the new tax report of PrinceWaterhouseCoopers (PwC), the tax burden in Austria is ten percent higher than the average tax rate in the European Union and even beats Sweden.
November 19, 2013
Porr Lands Ikea Contract in Poland
The Austrian construction company Porr has landed two contracs in North Poland for a total volume of € 150m.
September 24, 2013
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Austria: Leitl Reiterates Criticizm
State Secretary Schieder considers Leitl’s statements “totally out of place”.
August 23, 2013
Leitl: “Austria Screwed Up”
If the US, as the perpetrator of the financial and economic crisis, shows two percent in economic growth, while Austria only 0.2 percent, then this was a “disgrace”, Leitl announced during the economic forum in Alpbach.
August 21, 2013
Austria: Leitl Demands Impulses for Growth and Employment
Enterprises need to be motivated instead of being burded by further taxes, President of the Austrian Chamber of Commerce (WKO) Christoph Leitl argues.
August 1, 2013
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Leitl: „Austrian Enterprises Need Further Growth Impulses“
The Austrian Chamber of Commerce (WKO) commits to budget consolidation but growth is the basis for a balanced state budget.
June 27, 2013
Mayer-Melnhof Expands to Norway
MM Karton expands raw material supply for cartonboard production.
June 11, 2013
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Czech Republic: Dumping Offers for Building of Highway
Major construction companies screw down prices for the building of a highway segment from Linz to Prague.
June 3, 2013
Leitl: „There Is No More Time To Waste“
Switzerland and Sweden pull away from the rest of the European countries in regard to international competitiveness, according to the latest IMD report, while Austria has been falling behind.
May 31, 2013
World Competitive Ranking: Austria Loses 7 Ranks
The World Competitive Ranking of Lausanne IMD Private School of Economics has become one of the most significant location comparisons on an international basis in the last 25 years.
May 29, 2013
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European Banks Leaving CESEE Countries
Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.
April 2, 2013
Andritz Lands Major Contract With Mondi
Andritz to support Mondi’s program for energy optimization and environmental protection with supply of state of the art plants and technologies
March 12, 2013
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Austrian Business Location Still Popular
According to a survey carried out by ABA Invest Austria, Austria ranks third in Europe.
February 19, 2013
Fekter Promotes Financial Transaction Tax
The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.
October 1, 2012
Banking Supervision: Nowotny Warns of Over-Ambition
According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.
September 18, 2012
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Fekter Promotes Financial Transaction Tax
There was no agreement on a common financial transaction tax in all EU member states. Austria´s Finance Minister Fekter wants to introduce the tax in a group of countries instead.
June 23, 2012
Green Party: ESM Approval Depends on Financial Transaction Tax
The Austrian Green party will only vote for the ESM if there is a basic consent for the financial transaction tax.
June 22, 2012
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„Austria Must Not Become Mediocre“
The Austrian Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) call for an acceleration of reforms as the Austrian position in competitive rankings deteriorates.
June 18, 2012
Andritz Biomass Plant Opened in Sweden
The operation of Andritz' third biomass power plant in Sweden has been successfully transferred to its owner, Bollnäs Energi, during a celebration on 25 May 2012.
June 6, 2012
The Euro - A Big Error (Part 4)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 31, 2012
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Major Orders for Sandvik Austria
The Austrian subsidiary of the Swedish plant construction group achieved two major orders in Brazil and Laos.
May 11, 2012
New Record in Swedish-Austrian Bilateral Trade Volume
Austrian exports to Sweden reached a new record level in 2011. Moreover, the first surplus could be registered.
March 17, 2012
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Unemployment of Older Aged Workers Increases Disproportionately
The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.
March 17, 2012
Lutz Enters Croatia
The Austrian furniture store group opens its largest center in the SEE region. Market leader Ikea follows in autumn 2012.
January 26, 2012
H&M Registers Sales Decrease in Austria
The Swedish clothing chain records a decrease in sales in Austria.
January 26, 2012
New Record for Austrian Wine Exports
Although the quantity of wine exports is shrinking steadily, the export volume worth € 126m reached a new record.
December 28, 2011
Tele2 Finalizes Acquisition of Silver Server
The Austrian Internet service provider is taken over for € 12.3m after the competition authority has approved the deal.
December 23, 2011
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Rumors Say Raiffeisen Looking for New Investors
According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.
December 19, 2011
Strabag Strengthens Brand Presence in Sweden
The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.
November 17, 2011
Ikea Austria Reaches Over € 600m in Sales
The Swedish furniture corporation raised its market share in Austria to 13.9%. Sales grew by 1.6% up to € 604.2m.
October 15, 2011
Strabag Awarded Three Infrastructure Projects in Sweden and Finland
The Austrian construction group’s Swedish subsidiary has won the contracts for two projects in Sweden and one in Finland with a total volume of € 76m.
August 9, 2011
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