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Racetrack Magna Racino: A New Owner and an Uncertain Future
The Magna Racino in Ebreichsdorf (Baden district) has once again changed ownership. As confirmed by the town's mayor, Wolfgang Kocevar (SPÖ) the horse racing track now belongs to Irish billionaire Luke Comer. Comer purchased the property from the Lürßen Group, which had owned it since 2020. While the purchase price and the new owner's plans remain undisclosed, the public and local authorities are eagerly awaiting further developments in the coming months.
1 hour ago
Political Scandal at FPÖ Regulars' Table: Outrage with EU-critical and Derogatory Statements
A secretly recorded video from a FPÖ Regulars' Table or "Stammtisch" in Vienna-Simmering has sparked outrage. FPÖ National Council members Harald Stefan and Markus Tschank sharply criticized the ÖVP and the European Union, made derogatory remarks about refugees, and caused consternation with their praise for the Taliban regime.
5 hours ago
Austria's Foreign Minister Schallenberg Awarded “Arms Control Person of the Year”
A significant success for international diplomacy: Foreign Minister Alexander Schallenberg and the Austrian Foreign Ministry have been named “Arms Control Person of the Year” in 2024 by the renowned US Arms Control Association (ACA). This prestigious award recognizes the special commitment of Schallenberg and his team to the regulation of autonomous weapons systems (AWS) as well as the organization of the Vienna conference “Humanity at the Crossroads: Autonomous Weapons Systems and the Challenge of Regulation”.
Yesterday
Austria and Ukraine Deepen Partnership in Culture, Education and Science
Ambassador Christoph Thun-Hohenstein, Head of the Section for Foreign Culture at the Austrian Foreign Ministry, and Ukrainian Ambassador Vasyl Khymynets sealed a forward-looking agreement with a handshake. For the first time, a comprehensive bilateral work program for cooperation in the fields of culture, education, and science was adopted. At a time of geopolitical challenges, this initiative is an important signal of solidarity and the common will to shape the future.
Yesterday
Greens Launch Petition for the Preservation of the Climate Ticket
The Greens have today launched a petition to preserve the climate ticket in its current form. The background to this is speculation that a possible FPÖ-ÖVP coalition is planning to cancel or restrict the annual ticket for Austria's public transport system.
Yesterday
OSCE Secretary General Feridun H. Sinirlioğlu Travels to Helsinki for His First Official Visit
The Secretary General of the Organization for Security and Co-operation in Europe (OSCE), Feridun H. Sinirlioğlu, is expected to make his first official visit to the Finnish capital Helsinki on 16 January 2025. The visit marks an important stage in his still young term of office, which he took up in December 2024. In addition to talks with high-ranking Finnish politicians and diplomats, the focus will be on security policy issues, which are urgent in light of the ongoing war in Ukraine.
Yesterday
Austria Confirms Brussels Budget Negotiations and Resilience of International Partnerships
Over the past few days, Austria has been at the center of European attention in several respects. While Finance Minister Gunter Mayr presented a new budget path in Brussels, interim head of government Alexander Schallenberg focused on strengthening international relations during his inaugural visit to the EU. Both developments are crucial for Austria's role within the European Union.
January 13, 2025
Viennese Woman Kidnapped in Niger: Unclear Situation and Intensive Efforts for Clarification
Following the kidnapping of a 73-year-old Viennese woman in Niger, there are still no clues as to her whereabouts or the identity of the kidnappers. The Austrian Foreign Ministry confirmed the events and stated that the crisis team coordinated the investigation. A representative of the Austrian embassy in Algiers, which is responsible for Niger, is already on her way to the West African country to help on the ground.
January 13, 2025
Susanne Raab: Austria's Candidate for the Head of the ICMPD
The Austrian Federal Minister for Women, Family, Integration, and Media, Susanne Raab, has officially announced her candidacy as Director General of the International Center for Migration Policy Development (ICMPD). After the end of the current government, Raab intends to continue her career at the international level. The election for the new head of the ICMPD will take place in spring 2025 by the representatives of the 21 member states.
January 12, 2025
Alexander Schallenberg Takes Over the Chancellery and Focuses on Continuity
Following the resignation of Karl Nehammer on January 10, 2025, Austrian President Alexander Van der Bellen has entrusted the previous Foreign Minister Alexander Schallenberg with the continuation of the business of the Federal Chancellery and the chairmanship of the provisional Federal Government. Schallenberg, who already served as Chancellor from October to December 2021, will remain Foreign Minister. He sees his new role as a responsibility to ensure stability in a difficult political phase and to lead the country until a new government is formed.
January 12, 2025
Belarus Refuses OSCE Election Observation: International Concern Grows
The Belarusian government's decision not to invite the Organization for Security and Co-operation in Europe (OSCE) to observe the upcoming presidential elections on 26 January has caused international criticism and concern. The OSCE, in particular the Office for Democratic Institutions and Human Rights (ODIHR) and the Parliamentary Assembly (OSCE PA), strongly condemned this step and warned of the consequences for the country's democratic development.
January 9, 2025
ECJ Ruling Censures Austrian Data Protection Authority: Excessive Complaints or Structural Problem?
A ruling by the European Court of Justice (ECJ) caused quite a stir: The Austrian Data Protection Authority (DSB) was reprimanded by the ECJ because it had rejected the processing of complaints as “excessive” due to their sheer number. The Court clarified that such a limitation of complaints is inadmissible as long as no abusive intention on the part of the complainant can be proven.
January 9, 2025
Signa insolvency: Ex-managers to be Liable for One Billion Euros
Insolvency administrator Norbert Abel is stepping up the pace in the case surrounding the spectacular insolvency of Signa Prime Selection AG: 13 months after filing for insolvency at the end of November 2023, letters of liability were sent to former members of the company's Management Board and Supervisory Board shortly before the turn of the year.
January 9, 2025
Skills Shortage in Vienna: Thousands of Jobs at the City of Vienna Remain Unfilled
The City of Vienna is facing a major challenge: The ongoing shortage of skilled workers and the retirement wave of the baby boomers require massive efforts to continue guaranteeing a functioning municipal administration and services of general interest. Despite extensive recruitment measures, thousands of positions are still unfilled.
January 9, 2025
Standstill in Government Formation: Kickl and the FPÖ on the Way to Forming a Government
Following the failure of the coalition negotiations between the ÖVP, SPÖ, and NEOS, Austrian President Alexander Van der Bellen has given the task of forming a government to FPÖ party leader Herbert Kickl. For the first time in the history of the Second Republic, the Freedom Party has been given the task of forming a federal government. This heralds a new phase in the political landscape in Austria, which is causing a stir both nationally and internationally.
January 7, 2025
Vienna's Club Scene Between Crisis and Innovation: Saving the Capital's Nightlife from Dying Clubs
Vienna's club scene is coming under increasing pressure: rising prices, new nightlife habits, and the densification of urban space are creating an uncertain future. At the same time, local players are focusing on creative approaches to preserve the diversity of nightlife culture and offer clubs a future. A detailed look at the current challenges and planned measures shows how fragile and at the same time adaptable Vienna's nightlife is.
January 7, 2025
Energy Partnership: Uniper Secures Natural Gas Supplies from OMV Petrom from 2027
According to insider information, the German energy group Uniper has concluded a long-term supply agreement with the Romanian OMV subsidiary OMV Petrom. From 2027, Uniper will purchase natural gas from Romania, extracted from the Neptun Deep project in the Black Sea. The agreement covers the supply of 15 terawatt hours of natural gas over five years. This corresponds to around 1.5 percent of total German gas imports in 2024.
January 7, 2025
Discussion on Europe's Future after Trump's Re-election at the Burgtheater Vienna
Donald Trump's re-election is causing a stir not only in the USA but also in Europe. While right-wing parties are celebrating Trump's victory as confirmation of their political agenda, liberal forces are concerned about the potential impact on transatlantic relations. It is precisely this area of tension that is the focus of a high-profile panel discussion at the Burgtheater in Vienna.
January 7, 2025
UN General Assembly Adopts Cybercrime Convention: A Step for UNODC for International Security
In a unanimous decision, the United Nations General Assembly adopted the first international cybercrime convention. Hailed by many as a historic achievement, this convention marks the first UN agreement on crime-related issues in over 20 years. In an increasingly digitalized world, the new convention aims to strengthen international cooperation in the fight against cybercrime and shape a safer digital future.
January 2, 2025
Finland Takes Over OSCE Chairmanship: Focus on Resilience and Ukraine Support
In 2025, the 50th anniversary year of the Helsinki Final Act, Finland will assume the Chairmanship of the Organization for Security and Co-operation in Europe (OSCE). With a clear focus on strengthening the resilience of the participating states and the organization, Finland is taking on a central role in Europe, marked by geopolitical tensions.
January 2, 2025
Signa Development Selection and Signa Prime: Real Estate Giants on the Brink
The Supreme Court's (OGH) decision to reject the appeal on points of law by Signa Development Selection AG and a German investor has closed another chapter in the liquidation of René Benko's billion-euro real estate group. Previously, the restructuring plan for Signa Prime, another central company of the group, had already failed. The insolvency of the Signa Group represents one of the biggest economic crises in Austria's history.
December 30, 2024
Switzerland Will Assume the OSCE Chairmanship in 2026
Switzerland will assume the Chairmanship of the Organization for Security and Co-operation in Europe (OSCE) in 2026. This was announced today by Ian Borg, Malta's Deputy Prime Minister and Chairperson-in-Office of the OSCE. The 57 participating states of the organization took the decision unanimously and underlined their collective confidence in the OSCE's ability to act.
December 30, 2024
Financial Fraud as a “Growth Industry”: Record Losses and New Scams According to the Austrian Financial Market Authority
The Financial Market Authority (FMA) is sounding the alarm: financial fraud has developed into a real “growth industry”. According to the authority's latest figures, the total loss reported by financial fraudsters in 2024 amounted to around 15.5 million euros - an increase compared to the previous year, when the figure was 12.8 million euros. The dramatic increase in crypto-based fraud cases is particularly worrying. According to the FMA, the majority of these fraud cases could indicate that illegal financial markets are increasingly attracting the attention of criminals.
December 23, 2024
Bankruptcy Proceedings Against Ostchem Holding GmbH: Ukrainian Oligarch Dmytro Firtash in Financial Difficulties
Bankruptcy proceedings were opened at the Salzburg Regional Court against Ostchem Holding GmbH, a company linked to a major oligarch in Ukraine. The Ukrainian entrepreneur Dmytro Firtash, considered one of Ukraine's most influential and wealthiest oligarchs, is the company's majority shareholder, which has increasingly run into financial difficulties in recent years.
December 23, 2024
Japan's Ambassador Ryuta Mizuuchi Ends his Term of Office in Austria
A total of 167 guests from the worlds of politics, diplomacy, business, culture, and science gathered at the Hotel InterContinental Vienna to bid a worthy farewell to the Japanese Ambassador H.E. Ryuta Mizuuchi and his wife Dr. Akemi Mizuuchi.
December 22, 2024
The Marsalek Espionage Case: A Web of Intrigue and Agents
The espionage affair surrounding former Wirecard manager Jan Marsalek has developed into one of Europe's biggest secret service scandals. New revelations show how deep and widely ramified the network of the fugitive manager, who is said to be operating on behalf of Russian intelligence services, is. The case reveals not only a complex network of agents and connections but also an alarming security situation in Austria and beyond.
December 22, 2024
Austria's Schallenberg Calls for New EU Course in Syria and Criticizes Israeli Occupation
Austria's Foreign Minister Alexander Schallenberg (ÖVP) is calling for a more pragmatic approach from European foreign policy in dealing with Syria and is positioning himself on the side of international law with his criticism of Israel's occupation of the Golan Heights. His demands have met with mixed reactions within the EU, but also raise fundamental questions about Europe's role in the region. Whether this course will endure remains uncertain given Austria's often cautious foreign policy.
December 18, 2024
Poland and Austria Network in the Field of Fintech and Finance
The Polish Embassy in Vienna hosted the conference “Poland and Austria: cooperation and exchange of expertise. Fintech and finance” took place. The event brought together many experts, industry representatives, and decision-makers from Poland and Austria. The aim was to network the dynamically growing Polish fintech sector with the stable and well-regulated Austrian financial market and explore potential cooperation areas.
December 18, 2024
OMV Abandons Plans to Sell Exploration Business in New Zealand
Following an intensive review, the Executive Board of OMV Aktiengesellschaft has decided not to pursue the sale process for the exploration and production (E&P) business in New Zealand. OMV New Zealand Limited will, therefore, remain part of the partly state-owned energy company's E&P portfolio.
December 17, 2024
Austria and Nauru: Working Together to Tackle Global Challenges
Austrian Foreign Minister Alexander Schallenberg and his Nauruan counterpart Lionel Rouwen Aingimea met in Vienna for a bilateral meeting. Topics such as climate change, the geopolitical situation in the Indo-Pacific, and global security issues took center stage.
December 17, 2024
Westbahn Expands Offer: New Overnight Connection from Vienna to Salzburg
With the timetable change on December 15, 2024, the Westbahn is introducing a significant innovation: a daily night connection from Vienna to Salzburg. This additional late-night connection is aimed in particular at commuters, night owls, and travelers who want to travel comfortably from Vienna to the West even late at night.
December 16, 2024
Further EU Infringement Proceedings Initiated Against Austria
The European Commission has initiated further infringement proceedings against Austria. The reason: is non-compliance with EU regulations on the recognition of professional qualifications. The Commission sees this as violating the rules intended to make it easier for freelancers and employees to work temporarily and occasionally in other Member States.
December 16, 2024
Austria Joins Artemis Accords: A Milestone for International Space Cooperation
Austria has become the 50th country to sign the Artemis Accords, thus taking an important step towards international cooperation in space research. Ambassador Petra Schneebauer signed the agreement in the presence of NASA Administrator Bill Nelson and Jennifer R. Littlejohn, Acting Assistant Secretary of State at the US Department of State.
December 12, 2024
OSCE Ministerial Council in Malta: Challenges for the European Security Architecture
The 31st Ministerial Council of the Organization for Security and Co-operation in Europe (OSCE) ended today in Malta with groundbreaking decisions aimed at securing the future of the organization and strengthening its ability to act. The meeting focused on personnel decisions, institutional reforms, the controversial participation of Russian Foreign Minister Sergey Lavrov, and the ongoing tensions surrounding the Russian war of aggression against Ukraine.
December 12, 2024
OPEC Revises Forecasts and Cadre: Decline in Global Oil Demand Expected
OPEC has revised its expectations for global oil demand in 2024 and 2025 downwards for the fifth time in a row. At the same time, the organization is celebrating the eighth anniversary of the “Declaration of Cooperation” and appointing new leaders.
December 12, 2024
New Flight Connection Between Vienna and Chengdu Inaugurated
Hainan Airlines links Europe and Asia with a new direct flight route between Vienna and Chengdu. The opening of the route was attended by a prominent delegation, including Qi Mei, Ambassador of the People's Republic of China to Austria, Julian Jäger, CEO of Flughafen Wien AG, Meng Fanzhuang, Counselor of the Chinese Embassy, and Zhang Zhuo, General Manager Austria of Hainan Airlines. The event marks another milestone in the bilateral relations between Austria and China.
December 12, 2024
Reforms as the Key to the Future of the EU: Bosnia and Herzegovina on the Road to Membership
Austrian Foreign Minister Alexander Schallenberg received his counterpart from Bosnia and Herzegovina, Elmedin Konaković, for a working meeting in Vienna. The meeting focused on Bosnia and Herzegovina's EU accession process, bilateral relations, and current foreign policy issues. The message was clear: reforms are the key to the country's EU future.
December 11, 2024
Polish Minister Katarzyna Kotula Visits Austria: Joint Impulses for European Equality Policy
The Polish Minister for Gender Equality, Katarzyna Kotula, visited Austria. The focus of her visit was a meeting with the Austrian Federal Minister for Women, Family, Youth and Integration, Susanne Raab. The talks focused on gender equality policies in Europe, particularly in Poland and Austria, as well as on anti-discrimination laws in both countries. The plans of the Polish EU Council Presidency, which Poland will assume from January 2025, were also discussed.
December 11, 2024
OMV Terminates Gas Supply Contract with Gazprom
OMV has terminated its long-term gas supply contract with the Russian energy group Gazprom with immediate effect. According to OMV, this was due to “fundamental breaches of contract” by Gazprom, in particular, because no gas deliveries have taken place since November 16, 2024. This decision represents a turning point in Austrian energy policy and marks the end of a business relationship that has lasted over 50 years.
December 11, 2024
Austria Halts Asylum Procedure for Syrians: Consequences and Reactions
One day after the fall of Syrian ruler Bashar al-Assad, Austria and many other European countries drastically revised their asylum policies for Syrian citizens. Federal Chancellor Karl Nehammer (ÖVP) instructed Interior Minister Gerhard Karner (ÖVP) to suspend all ongoing Syrian asylum procedures and to review existing grants of asylum. This also applies to family reunification, which will be temporarily halted. Germany, Italy, and Great Britain have also taken similar steps.
December 11, 2024
Police Violence During Protests in Georgia: Sharp Criticism from OSCE and Ombudsman
The escalating protests in Georgia against the government's decision to suspend EU accession negotiations until 2028 have been accompanied by a wave of international criticism. Both the OSCE and the Georgian human rights commissioner have condemned the disproportionate use of force by the police. Reports of excessive police violence, numerous injuries, and arrests paint a bleak picture of the situation in the former Soviet republic.
December 4, 2024
Firtash Remains in Vienna for the Time Being: Regional Court Stops Extradition to the USA
The long-running legal dispute over Ukrainian oligarch Dmytro Firtash's extradition to the USA has taken a new turn. The Vienna Regional Court ruled that the controversial businessman's extradition to the United States was inadmissible. However, this decision may not be the last word in the internationally sensational case, as the Vienna public prosecutor's office has already announced that it will appeal by December 16.
December 4, 2024
René Benko at the Center of International Investigations: Arrest Warrant from Italy for Real Estate Projects
An international warrant for the arrest of Austrian real estate entrepreneur René Benko, founder of the Signa empire, has triggered a wave of investigations extending from Italy to Austria and Germany. The accusations range from corruption and criminal association to violations of tax law. While Benko was questioned in Tyrol and remains at large, extensive investigations are underway in Italy, involving over 100 searches and the arrest of nine suspects.
December 3, 2024
Jewish Museum Vienna Kicks Off Anniversary Year with Gala in New York
A special gala dinner was held in the elegant rooms of Christie's New York to mark the start of the 130th anniversary year of the Jewish Museum Vienna. This exclusive event brought together important personalities from the worlds of culture, business, and diplomacy and paid tribute to the historical significance of the world's first Jewish museum, which opened in Vienna in 1895.
December 3, 2024
Igor Strehl Launches Dunaj Family Office Consulting in Vienna
With the founding of Dunaj Family Office Consulting 24/7 GmbH, Igor Strehl, an experienced expert in the field of financial and real estate management, is establishing a new player in the Austrian consulting landscape. The company, which specializes in investments, relocations, and property management, is positioning itself as a comprehensive service provider and trustworthy partner for private and institutional clients in Austria.
December 2, 2024
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
December 2, 2024
Cultural Bridge between Austria and Japan: Schönbrunn Palace and Himeji Castle Enter Into Partnership
Two of the most important UNESCO World Heritage Sites in the world, Schönbrunn Palace in Vienna and Himeji Castle in Japan signed a partnership agreement. This cooperation aims to preserve cultural treasures, exchange knowledge, and promote sustainable tourism and cultural education. The signing ceremony took place in the magnificent White and Gold Rooms of Schönbrunn Palace and was attended by high-ranking representatives from both countries.
December 2, 2024
Islamic Religious Community in Austria on the Future of Imam Training
With the symposium “Imams in modern society: training paths and social responsibility”, the Islamic Religious Community in Austria (IGGÖ) initiated a discussion about the role of imams in Austria. The event aimed to lay the foundations for Austrian imam training that does justice to both the religious traditions of Muslim communities and the requirements of a pluralistic society.
December 2, 2024
New Institute in Vienna with Conference on Artificial Intelligence and the Future of Society
The luxury hotel SO/Vienna opened its doors for an event on the technological future: “AI & The Future: The Age of Machines” by a new think tank in Vienna, the Vienna Institute for Global Studies.
November 28, 2024
Abuse of Office and Saudi Deal for Ex-Mayor in Upper Austria
A controversial case of abuse of office and improper acceptance of gifts has shaken a municipality in the district of Vöcklabruck, Upper Austria. A former mayor of the Austrian People's Party (ÖVP) stood before the regional court in Wels, as he is said to have accepted payments from a Saudi Arabian prince over decades to enable the rezoning of grassland into building land.
November 28, 2024
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