Turkey

European Council: Kurz Hopes for Rapid Approval of Vaccine

Prior to the European Council, Austria's Chancellor Kurz hopes for a rather fast approval process of a Covid-19 vaccine and is looking forward to a succession of close cooperation between the EU and the United States. Other relevant topics for the Council will be sanctions for Turkey, Brexit negotiations, EU climate targets, and the joint fight against terrorism.

December 10, 2020

Schallenberg Wants to Work Shoulder to Shoulder with United States

At the Foreign Affairs Council of the EU in Brussels the Foreign Ministers discussed transatlantic relations, the continuing tensions with Turkey and current trouble spots such as Ethiopia and Belarus. Austria's Minister Schallenberg hopes for improved relations between the United States and the EU in the near future.

December 7, 2020

Austrian Post Invests More Than EUR 100 Million in Turkish Subsidiary

Despite the critical tensions between the European Union and Turkey, the Austrian Post will be investing more than EUR 100 million in a Turkish subsidiary in the next five years. CEO Pölzl is confident that the separation of politics and the business aspect will be also possible in the future.

October 23, 2020

EU Council: Kurz Demands Better Coordination of Restrictions

At the EU Council of the heads of state and government, Chancellor Kurz demands better coordination of travel restrictions, quarantine periods and testing with regard to Covid-19. Other topics on the agenda were the Brexit negotiations, foreign relations, and climate protection.

October 16, 2020

Canadian Foreign Minister Visits Austria

The Canadian Foreign Minister Champagne visited Austria to conduct meetings with UN Organizations as well as with Chancellor Kurz and Foreign Minister Schallenberg. The topics on the agenda were the CETA agreement, the Covid-19 pandemic and current foreign trouble spots.

October 15, 2020

Edtstadler Welcomes Progress in Accession Process of Western Balkan States

The European Commission has agreed on a financial package for economic integration of the Western Balkan states. The good developments in North Macedonia and Albania are not only welcomed by the European Union but also by Federal Minister Edtstadler.

October 8, 2020

European Council Decides on Sanctions Against Belarus

The European Council which was attended by the heads of the 27 member countries decided on sanctions against Belarus as well as a threat of sanctions against Turkey. Chancellor Kurz, Autria's representative at the Council, is satisfied with the two-day long discussions.

October 5, 2020

Joint Statement by Greece and Austria

Greek Prime Minister Mitsotakis and Austrian Chancellor Kurz have issued a joint statement that deals with European refugee policy and the ongoing dispute with Turkey over the natural gas deposit in the Mediterranean.

September 9, 2020

Investigations About Turkish Espionage in Austria

Following the riots of Turkish activists in Vienna, Austria's Interior Minister Nehammer set up a task force that investigates the alleged influence of the Turkish secret service. These allegations have materialized to some extent and were presented at a press conference.

September 1, 2020

Schallenberg: "The EU Has Reached a Turning Point in the Relations With Turkey"

Austria's Foreign Minister Schallenberg explains the current relationship between the European Union and Turkey. The recent developments in the easter Mediterranean are testing the relation once again.

September 1, 2020

Number of Naturalisations Decreased in Austria

The number of naturalisations decreased by one fifth in the first half of 2020. This might be due to the fewer party traffic during the COVID-19 lockdown which started in March.

August 25, 2020

New IOM Regional Director Renate Held Presents Credentials at UN Vienna

The new Permanent Representative of the International Organization for Migration (IOM) to the United Nations, Renate Held, presented her credentials to the Director-General of the United Nations Office at Vienna. The IOM has offices in 19 countries and territories in the "South-Eastern Europe, Eastern Europe and Central Asia Region" (SEEECA) including sub-regional offices in Central Asia and the Western Balkans.

July 22, 2020

Austria's Foreign Minister: Hagia Sophia To Be Turned Into a Mosque Is the Latest Link in a Chain of Provocations

Turkey is moving further and further away from European values and is simply not a reliable partner for Europe. The EU must conduct a policy towards Turkey with a strong edge and clear language, based on a solid foundation of values. The EU should also make a clear cut when it comes to accession negotiations.

July 13, 2020

Austrians Should Come Home - 3,500 So Far Repatriated in Emergency Flights

According to the magazine "Kurier" and the Austrian Broadcasting Corporation (ORF), about 3,500 Austrians who were stranded abroad due to the coronavirus pandemic have meanwhile been flown back to Vienna in cooperation with the Foreign Ministry and three airlines.

March 22, 2020

COVID-19 Fear: 750 Austrians Brought back Home by Plane

According to the Austrian Broadcasting Corporation (ORF), about 750 Austrians who were stranded abroad due to the coronavirus pandemic have been flown back to Vienna in cooperation with the Foreign Ministry and two airlines. It is not clear who will bear the costs.

March 18, 2020

Crisis Between Athens and Ankara: Greek Prime Minister in Vienna

Thousands of refugees still hope to enter the EU from Turkey. Athens is therefore strengthening its border management, seeking support from the EU and Greek Prime Minister Kyriakos Mitsotakis travelled to Vienna.

March 11, 2020

Vienna Welcomes New Ambassadors from Turkey, Kosovo, Ethiopia, Guinea, Chad and Equatorial Guinea

Austrian Federal President Alexander Van der Bellen welcomed the six newly accredited Ambassadors of the Republic of Kosovo, the Republic of Turkey, the Republic of Equatorial Guinea, the Republic of Chad, the Republic of Guinea and the Federal Democratic Republic of Ethiopia to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.

February 26, 2020

Portrait: Ambassador of the Republic of Turkey to Austria, H.E. Mr. Ozan Ceyhun

The new Ambassador of the Republic of Turkey to Austria, H.E. Mr. Ozan Ceyhun presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

February 26, 2020

Turkey: Schallenberg Calls for an End to EU Candidate Status

The meeting of EU foreign ministers in Luxembourg focused on the Turkish military offensive in Northern Syria. In the run-up to the meeting, Foreign Minister Schallenberg emphasised that the military action was "simply wrong" and that it was now the EU's turn to take clear decisions.

October 16, 2019

Austrian Parliament: Termination of EU Accession Negotiations with Turkey, Extension of Sanctions against Russia

In a statement to the government, the EU Main Committee of the Austrian National Council has unanimously spoken out in favour of breaking off EU accession negotiations with Turkey. Instead, the parliamentary groups believe that a strategic partnership should be sought.

June 21, 2019

Turkish - Austrian Diplomatic Efforts Bear Fruit

According to outgoing Foreign Minister Karin Kneissl, the Turkish Foreign Minister Mevlüt Çavuşoğlu has promised in a telephone conversation to ease the Turkish blockade of Austria in the "Partnership for Peace (PfP)" programme. The PfP is a NATO program aimed at creating trust between NATO and non-NATO members.

June 3, 2019

Austria Welcomes 6 New Ambassadors from Armenia, Mali, Namibia, North Macedonia, Trinidad and Tobago and Turkey

On March 19, 2019, Austrian Federal President Alexander Van der Bellen welcomed six newly accredited Ambassadors to Austria to the Presidential Chancellery of the Vienna Imperial Palace for the presentation of their letters of accreditation.

March 20, 2019 · Updated: April 8, 2019; 12:00

Meet the New Ambassador of the Republic of Turkey to Austria: H.E. Mr. Ümit Yardim

The new Ambassador of the Republic of Turkey to Austria, H.E. Mr. Ümit Yardim presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

March 19, 2019

Naturalizations in Austria in 2018 on the Rise

Austrian citizenship was granted to a total of 6,971 persons in the first three quarters of 2018. The Bosnians are ahead, followed by Turks, Serbs and Kosovars. In total, there were 115 more naturalisations than in the same period of the previous year (+1.7%).

November 15, 2018

Lasting Rivals - Byzantium & the West

Schallaburg Castle in Lower Austria is recalling a fascinating story from the past that was long forgotten but still shapes Europe today. It is the story of Byzantium and the West.

June 4, 2018

Migration Policy Agency Celebrates 25th Anniversary and Welcomes New Members Malta and Turkey

With Malta and Turkey both joining Vienna based ICMPD in May, the International Centre for Migration Policy Development welcomes two new Member States. ICMPD has now 17 Member States all across Europe. In 2018 ICMPD is also celebrating the 25th anniversary of its founding and is looking into the future to try to see what it may hold in terms of migration and mobility of people.

May 29, 2018

Austria's Vice-Chancellor Also Wants Headscarf Ban for Students

An extension is now under discussion since yesterday. Heinz-Christian Strache requested a comprehensive ban on headscarves in a TV appearance analogous to Turkey, as it had applied there until before the AKP. Until now it was decided that children under the age of ten should not wear headscarves. The government wanted to propose a law by summer for which it needs the votes of the opposition. Chancellor Sebastian Kurz, who made the appearance together with Strache, agreed with Strache that he is completely on the same line.

April 6, 2018

OMV Aktiengesellschaft / OMV has reached an agreement for the sale of OMV Petrol Ofisi to Vitol Group

OMV has reached an agreement for the sale of its Turkish fuel supply and distribution company OMV Petrol Ofisi A.S. to VIP Turkey Enerji A.S., a subsidiary of Vitol Investment Partnership Ltd. The transaction is effected via a sale of 100% of the shares of OMV's Turkish holding company OMV Petrol Ofisi Holding A.S. The total purchase price of the transaction amounts to EUR 1,368 mn. Thereof EUR 81 mn relate to net cash proceeds from a prior carve-out of OMV's Turkish gas entities. The execution and implementation of the transaction has already been approved by the Supervisory Board of OMV.

March 3, 2017

OMV Aktiengesellschaft / OMV initiates process to sell OMV PetrolOfisi

OMV announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a leading company in the Turkish oil products retail and wholesale market. OMV is currently selecting its advisors to support the potential transaction and the structuring of the envisaged process. A potential transaction is aimed at optimizing OMV's integrated portfolio in a challenging market environment.

February 12, 2016

Report: Drug Money and Opiate Trafficking on the Balkan Route

A report recently launched by the United Nations Office on Drugs and Crime (UNODC) shows that the total value of illicit heroin and opium trafficked from Afghanistan to Western Europe through the Balkans amounts to some $28 billion every year. Sixty-five per cent of this total ($18 billion) is generated in Western and Central Europe.

December 14, 2015

Only Full EU-Integration Can Stabilise the Western Balkans for a Lasting Time

Minister for Foreign Affairs, Sebastian Kurz commented on the European Commission’s progress reports, which were presented earlier this month: “Most of the Western Balkans countries’ progress on their way in direction of EU-membership is noticeable and positive. The Commission’s new methodology renders possible an improved analysis on the progress made in the respective countries in the last year. This creates a positive competition. The new progress reports also underscore that all candidate countries still have a lot of hard work before them and EU support towards this is essential. The current refugee crisis is no exception in this respect as it shows, how important the Western Balkans countries and Turkey are to Europe in tackling this particular challenge.”

November 18, 2015

Iranian Foreign Minister to Participate in Syria Conference in Vienna

Iranian Foreign Minister Mohammad Javad Zarif will attend the conference on Syria in Vienna on Friday. This has been confirmed today by the Foreign Ministry in Tehran, according to the official news agency ISNA. Iran will meet in Vienna not only to Russia and the USA, but also to its nemesis Saudi Arabia.

October 28, 2015

CEE in the Autumn of 2015 is the New Safe Haven

The key conclusion of UniCredit’s CEE Quarterly 4Q 2015 is that the CEE region, despite its heterogeneity, looks better positioned than most other large emerging markets to cope with potential challenges. In particular they found that market volatility spiked in 3Q15, with the uncertainty surrounding the anticipated Fed rate hike augmented by growing worries about a “hard landing” in China.

September 25, 2015

Euromoney Names UniCredit-Bank Best Bank in CEE

Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.

July 14, 2015

FDI: Western Europe Overtakes China and North America, Austria Improved Its Position

Ernst and Young's latest European attractiveness survey has been published. FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. UK, Germany and France remain the preferred destinations for foreign direct investment (FDI) within Europe, while Turkey enters the Top 10. Austria improved its position in the ranking by two notches, rising to position 22 of all 44 countries analyzed.

May 29, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

UNODC: Opening of Refugee Exhibition in Vienna Reinforces Need to Support Vulnerable Smuggled Migrants

An exhibition at the Vienna International Centre on the suffering of conflict refugees fleeing to Turkey offered an opportunity for UNODC to showcase its own ongoing activities against migrant smuggling as well as tackling other forms of organized crime, including money laundering.

April 17, 2015

AUA Sweeps Istanbul from Winter Timetable

AUA could no longer defy Turkish Airlines, because the Turkish airline puts on quality, but has much lower costs. During the winter schedule AUA therefore sweeps flights to Istanbul from its program.

September 16, 2014

Mid Europa Partners' New Fund to Invest EUR 800 Mln in CEE

Mid Europa Partners, the British private equity firm focused on buyouts in Central & Eastern Europe, announced the final closing of Mid Europa Fund IV at €800 million, complemented by an additional pre-allocated co-investment program of €650 million. Fund IV represents the largest dedicated fund to the CEE Region raised in the last 5 years.

September 5, 2014

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Analysis: Bilateral Trade and Investments Between Turkey and Austria Decreased Slightly

According to the office of the Commercial Counsellor of the Turkish Embassy in Vienna, Austria is Turkey’s 34th largest goods export market with exports worth US$ 1 billion.

June 9, 2014

The Challenge of Turkish Migration to Austria

Two events highlight and discuss the problems and challenges of Turkish migration to Austria.

June 4, 2014

German Retailer Metro Faces Massive Losses in CEE

Sales in CEE declined 14.8 percent last year for German retail and wholesale enterprise Metro Group.

May 9, 2014

Austria DIY Chain BauMax Avoided Insolvency

Austrian leading DIY chain bauMax announced cost saving programs as part of its restructuring measures in Turkey, Romania, Bulgaria and Croatia. BauMax intends to focus on profitable business locations only.

May 9, 2014

„Brussels Must Reconsider Enlargement Policy“

Austrian Minister of Foreign Affairs Sebastian Kurz criticized the EU´s approach towards Ukraine. However, the EU has to develop further.

April 25, 2014

Moldova: Urgent Call for EU-Membership

Getting out of the zone of uncertainty and instability, this is the aim of the Moldovan Prime Minister Iurie Leanca.

April 10, 2014

Low Inflation Still No Threat to CEE

Currencies in CEE should not be affected by low inflation, according to Erste Group.

March 19, 2014

Erste: CEE Financial Market Not Concerned by Low Inflation

Low inflation will not change CEE market forecasts, according to Erste Group.

February 18, 2014

Roubini: Hungary in Difficulties

A number of emerging countries are facing enormous problems, according to economist Nouriel Roubini. Also countries in Central, Eastern and Southeastern Europe are affected.

February 5, 2014

CEE: Economic Sentiment at Lowest Level

ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE at lowest level.

January 24, 2014