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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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„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
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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
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CEE: Economic Sentiment at Lowest Level
ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE at lowest level.
January 24, 2014
Serbia: "Kosovo Part of Whole Package"
Serbia hopes to join the union until the year 2020. The solving of the issue with Kosovo remains a key condition. Austrian Foreign Minister Kurz stresses the importance of the region becoming a part of the European Union.
January 21, 2014
Expansion Course of Austrian Banks Slowed Down
After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.
January 16, 2014
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CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Austerity Cuts at Sberbank
Russian Sberbank aims to become more efficient. The management cuts about a tenth of the jobs.
November 13, 2013
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Lopatka: EU Enlargement Process of Western Balkans Decisive for Austria
“Non-Enlargement” of Western Balkan states would be fatal for Austrian businesses operating in the region and the national economy.
October 31, 2013
Slovenia on Top of Prosperous Countries in Emerging Europe
Slovenia is leading the list of prosperous countries in Emerging Europe. Bulgaria is on the last position.
October 30, 2013
Turkey: Green Light for EU Accession Talks
On Tuesday, the EU Commission intends to give green light to accession negotiations with Turkey starting at the beginning of November.
October 18, 2013
Bulgaria Supports Trans Adriatic Pipeline
During yesterday’s world media meeting, on behalf of his country Bulgarian President Rosen Plevniev expressed his support of the Trans Adriatic Pipeline project (TAP).
October 16, 2013
Austrians Opposed to EU Enlargement
According to a survey, the majority of Austrians are opposed to an EU Accession of Turkey and Western Balkan States.
October 16, 2013
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Austrian Post: Enormous Growth Potential in Turkey
With a local partnership, the Vienna-listed Austrian Post wants to participate in the booming Turkish post market.
October 9, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
Turkey: „Perhaps We Will Never Join the EU“
Turkey´s Minister of European Afffairs Egemen Bagis stated that Turkey feels insulted.
September 23, 2013
Turkey: Enthusiasm about EU Membership Shrinks
Fewer and fewer Turkish citizens are keen on an EU membership of their country.
September 20, 2013
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