WKO Austrian Federal Chamber of Commerce

Born Global Academy: Initiative of the Austrian Federal Chamber of Commerce

Internationalization is high on the agenda of many Austrian startups. According to Start-up-Monitor, 80 percent planned to export their business model this year. The Born Global Academy was launched last year by Aussenwirtschaft Austria and weGrow International offers an internationalization program for startups.

October 3, 2022

Viennese Ball Season: Every Third Viennese Plans to Attend a Ball

The Viennese ball season is just around the corner and the Viennese people can hardly wait. According to a survey, a large part of the Viennese want to visit one of the many balls. After two years of uncertainty due to the Covid-19 pandemic, organisers can look forward to a good season this year.

September 29, 2022

Austria's Economy Demands Help with Energy Crisis

Many companies in Austria are currently struggling with the high energy prices. Now the Austrian Federal Economic Chamber and the Federation of Austrian Industries are calling for political intervention to prevent company closures.

September 27, 2022

Working in Austria: Further Facilitation of the Red-White-Red Card

Applying for a Red-White-Red Card is made easier again! Skilled workers who intend to work in Austria will find it easier to obtain a work permit in the future. Read this article to find out which simplifications have been decided.

September 26, 2022

Strengthening Italian-Austrian Economic Relations: Italy Receives Austrian Federal President

With a delegation of business representatives, Austria's Federal President, Alexander Van der Bellen, visited Rome this week. The delegation of Austrian entrepreneurs was led by Harald Mahrer, President of the Austrian Federal Economic Chamber. A major focus of the companies accompanying the delegation was renewable energies, where Italy as a major trading partner is expected to offer some lucrative contracts.

September 15, 2022

Trade Relations With the USA: Exports and Investments of Austrian Companies on a Strong Upswing

Austrian companies are increasingly exporting to the USA. It is already their largest overseas market and mutual bilateral investments are steadily increasing. Read on to find out what influences the positive growth dynamics and why Austrian products are in such demand in the US.

August 16, 2022

Vienna's Luxury Shops Struggle with the Loss of Russian Tourists

During the past two decades, Russian tourists with purchasing power have enriched the city centre's luxury shops, but since the invasion of Russian troops in Ukraine, hardly anyone visits the Austrian capital. According to the latest statistics, fewer than one percent of tourists staying overnight in Vienna are Russians. Due to the loss of purchasing power, the tourism industry in Vienna suffers greatly.

August 15, 2022

The Importance of Migrant Businesses for Vienna's Economy

It is common to see migrants run and maintain many businesses in Vienna. They offer a variety of different products and services, but they all share one thing: they make a significant contribution to the Viennese economy. In a new study, migrant businesses were examined and their impact on Austria's capital was clearly demonstrated.

August 8, 2022

Virtual Economic Forum between Tunisia and Austria

A Virtual Economic Forum titled "Tunisia & Austria - Promoting Business & Investment Cooperation", was held online by the Tunisian Embassy in Vienna and the Austro-Arab Chamber of Commerce (AACC) in collaboration with the Tunisian Foreign Investment Promotion Agency (FIPA Tunisia).

August 7, 2022

New EU Gas Emergency Plan: "Must Prepare for the Worst Case"

Recently, the European Commission presented its new EU Gas Emergency Plan under the title "Save gas for a safe winter". In this, the European Commission assumes that consumers can save up to 15% gas. The Austrian Federal Economic Chamber is pleased with the Commission's plans.

July 22, 2022

Weekly Briefing: Newest Developments in Diplomacy and Vienna

Read about the latest developments in diplomacy in Vienna and Austria. The Georgian Prime Minister visited Austria and Vienna enables Ukrainian displaced persons to graduate from Ukrainian high school. In addition, Austria's Chancellor visited Israel and concluded an important agreement there. Furthermore, expats in Austria appreciate the high quality of life, but do not feel welcome. Read more about this week's developments.

July 14, 2022

Croatia's Euro Accession: "Great Advantages for the Domestic Economy "

As of 1 January 2022, Croatia will officially become part of the euro area. This holds great opportunities for Austrian companies.

July 13, 2022

Reform of the Red-White-Red Card Passed by Parliament

In order to eliminate the shortage of suitable workers, the Austrian parliament recently decided to change the criteria for the Red-White-Red Card. In future, it should be easier to obtain this card. Austria's economy is relieved. If you want to know the exact changes, read on!

July 11, 2022

WorldSkills - "World Apprentice Championships" to be Held in Austria

The 46th WorldSkills was scheduled to be held in Shanghai, China, from October 12-17, but had to be canceled due to the month-long covid-related lockdown. WorldSkills 2022 SpecialEdition is now spread over 15 host countries, including Austria, and will be held in Salzburg.

July 3, 2022

What Austria Expects From the Czech Republic's EU Presidency

Czech Republic has taken over the Presidency of the Council of the EU, replacing France, which held the post in the first half of the year. Austria's neighbouring country takes over the presidency at a crucial time, capped by international conflicts and economic crises.

July 1, 2022

Weekly Briefing: Diplomacy and State Visits in Vienna

Read about the newest developments in Diplomacy in Vienna and Austria. The Dutch Royal Couple visited Austria and International Organizations in Vienna released important publications. The consequences of the Russo-Ukrainian War are making themselves felt in security issues and are changing people's lives in Vienna as well. Further, the newest developments in the Iran Nuclear talks raise hopes. The Find out more about this week's developments.

June 30, 2022

Russian Food Markets in Vienna Under Pressure

Specialty foods such as vodka, buckwheat, and chocolate are available in Vienna's Russian groceries. Since Moscow invaded Ukraine, Austrian-Russian traders have been worried about import difficulties and hostility.

June 28, 2022

Vienna Stock Exchange Prize 2022 Back on Stage Again

This year, for the first time, the Vienna Stock Exchange Award went to the Styrian printed circuit board manufacturer AT&S. Second and third place went to the oil and gas group OMV and the building materials manufacturer Wienerberger. The prize was awarded for the 15th time.

June 15, 2022

Reform of the Red-White-Red Card: Facilitation for Workers From Abroad

The Red-White-Red Card, which allows its holders access to the Austrian labor market, is to be made easier to obtain in the future. This was recently announced by Minister of Labor Kocher and Minister of Economics Schramböck. Relaxations in the approval procedure are intended to attract more skilled workers to Austria in the future in order to combat the acute shortage of skilled workers in the country. The Chamber of Commerce and the Federation of Austrian Industries are delighted.

April 28, 2022

Austria Enhances Bilateral Economic Relations with Conflicting Neighbors India and Pakistan

The initiative ReFocus Austria, accompanied by Austria's Foreign Minister Alexander Schallenberg, visited the emerging republics of Pakistan and India in recent days. The aim of the trip was to establish economic relations and promote mutual investments. Read on if you want to know which sectors are in particular demand.

March 23, 2022

Continued Strong Interdependence of Business between Russian, Ukrainian and Austrian Companies

Austrian businesses have established significant ties with those in Ukraine and Russia over the years. Read about the amount of business Austria does with each country and how the recent escalation of tensions could affect this.

February 23, 2022

Chamber of Commerce Massively Criticizes New Parking System in Vienna

As of March 1, 2022, comprehensive and contiguous short-term parking zones will be introduced in every Viennese district, as well as the parking permit ("Parkpickerl") for the respective district residents. The price and parking duration will be standardized for all districts. For private car owners as well as for entrepreneurs this regulation brings considerable additional costs and new problems.

February 16, 2022

Vienna is Becoming the Start-up Capital of Austria

Vienna's start-ups generated an added value of 3.9 billion euros in 2021, making it the most popular place in Austria for start-ups. Read more about the start-up environment in Vienna and what it has done for the Austrian economy.

February 9, 2022

EXPO 2020 Dubai: Extraordinary Austria Pavilion Wins Multiple Awards

The Austria Pavilion at EXPO 2020 Dubai has now won yet another award. Read about the multiple awards the pavilion has won and why it is receiving so much recognition.

February 8, 2022

Armenia and Austria Strengthen Bilateral Ties

Foreign Minister Schallenberg is visiting Armenia in an attempt to strengthen bilateral ties. Read about Austrian-Armenian relations and Schallenberg's trip, which includes meetings with Armenian Prime Minister Nikol Pashinyan and Foreign Minister Ararat Mirzoyan.

February 2, 2022

Expo 2020 Dubai: Austria's Youth Showcase Their Innovation

The four teams that won Austria's "Innovative Youth" competition will get to showcase their projects at the World Expo 2020 in Dubai. Read about the competition and what the winning projects were.

January 27, 2022

Austrian Economic Delegation Visits UAE and Expo 2020 Dubai

An economic delegation representing Austria visited the United Arab Emirates (UAE) and the World Expo 2020 Dubai. Read about the delegation's official visit to the UAE.

December 22, 2021

Australia and Austria for Strong Multilateralism and Foreign Trade

Foreign Minister Alexander Schallenberg reaffirmed the good relations with Australia in a personal meeting with Australia's Foreign Minister Marise Payne. Mrs. Payne also paid a visit to Chancellor Nehammer.

December 13, 2021

COVID-19 in Austria: Verification of Compliance with Applicable Access Rules Becomes Easier

A new app known as Green Check is now widely available in Austria and has made verification of compliance with COVID-19 access rules much simpler. Read more about the new app and how it works.

November 12, 2021

Alexander Maculan Receives Russian Order of Friendship

Alexander Maculan, CEO of TAMAK Holding AG, was awarded the Russian Order of Friendship by Ambassador Dmitrij Ljubinskij at a recent meeting of the Austro-Russian Business Council at the Austrian Chamber of Commerce. Read about Maculan and why he was given this honor.

November 4, 2021

COVID-19 in Austria: Concerns About Transition to 2.5G Rule in Workplace

Due to increased COVID-19 cases and hospitalizations, Austria is considering transitioning from the 3G rule in the workplace to a 2.5G rule in the coming weeks. Some government officials are expressing concerns about the implementation of this change. Read about the potential requirement change and the concerns that some have about it.

November 3, 2021

Economic Diplomacy a la "ReFocus": Connecting Diplomatic Representatives with Austria's Business Community

Diplomatic representatives in Austria met with members of the Austrian business community as part of the "ReFocus Austria" government initiative aimed at promoting Austrian companies abroad and Austria as a business location. The main focus of this event was opportunities in the "green economy." Read more about this event and "ReFocus Austria."

October 27, 2021

President of Georgia, Salomé Zourabichvili, in Austria

The President of Georgia, Salomé Zourabichvili, recently visited Austria and was hosted by President Van der Bellen at the Vienna Hofburg. The two heads of state discussed various issues, including the current political crises in Georgia and Austria. Read about the visit and what the presidents said at their joint press conference.

October 13, 2021

Polish-Austrian Relations: Official Visit and Business Forum in Warsaw

Polish President Andrzej Duda hosted Austrian President Alexander Van der Bellen in Warsaw for the first official visit of an Austrian President in Poland since 2009. The two had a meeting and held a joint press conference in which they discussed various issues, including Poland's current issues with the EU. Van der Bellen also attended an economic forum and met with other Polish leaders. Read more about the details of the President's visit to Poland.

October 6, 2021

World Expo Dubai: Architecture Award for Sustainable Austria-Pavilion

The Austrian pavilion at the World Expo in Dubai by querkraft architekten consisting of 38 white cone towers has won the first prize in the category "Sustainable Architecture" at the Global Design & Architecture Design Awards 2021.

September 29, 2021

Doing Business with the United Arab Emirates: World Expo 2020 Opens in Dubai

The World Expo 2020, which kept its name despite being delayed to 2021, is set to begin in Dubai on 1 October. The United Arab Emirates (UAE) has been a particularly sought-after market for many Austrian companies. Read about the upcoming Expo, the economic relationship between Austria and the UAE, and some of the many Austrian companies that have found success there.

September 23, 2021

Vietnamese Business Delegation in Vienna

The Chairman of the Vietnamese National Assembly, Vuong Dinh Hue, and a high-ranking business delegation recently attended a business forum in Vienna with the Austrian Chamber of Commerce (WKÖ) Vice-President Richard Schenz. The forum included discussions about the dynamic Vietnamese economy and why it is an ideal location for Austrian companies and investors to diversify in Asia.

September 22, 2021

"Made in Austria": Ambassadors to Serve as Export Promoters

The Austrian government is calling on its diplomats around the world to promote Austria's export and tourism industries abroad to help the economy recover from the COVID-19 crisis. At the opening event of "ReFocus Austria", Chancellor Kurz, Foreign Minister Schallenberg, and Vice-President of the Federal Chamber of Commerce (WKÖ) Martha Schultz laid out the government's plan. Read about "ReFocus Austria," what these officials said about it, and watch the video of the opening event.

September 10, 2021

Where to Get a Paid Corona Test in Vienna

Vienna offers many COVID-19 testing options, both free and paid. Read about where to get paid PCR-tests, antigen tests, and or antibody tests for the coronavirus in Vienna.

August 4, 2021

Taiwan and Austria: Current State of Political and Trade Relations

The relations between Taiwan, officially the Republic of China (ROC), and Austria are developing stably despite the current tensions in the South China Sea.

June 1, 2021

Austria Sees Potential Global Economic Leadership

Only recently, the Austrian government has announced a comprehensive location strategy, which should enable Austria to position itself among global economic leaders in some particular segments.

May 10, 2021

How Austria Plans its Economic Recovery

The Austrian government has submitted its final plan for the European Reconstruction fund, in which projects for economic recovery are listed. These planned measures will receive funding of over EUR 3.5 billion by the EU. Find out what the areas of focus for the investments are.

May 5, 2021

Business Location: Austria Invests in Broadband Internet

The Austrian government has announced plans of investing EUR 1.4 billion into broadband expansion. The aim of the investment is to strengthen Austria as a business location and to enhance economic development in rural areas. By 2030, a quick and stable Internet connection will be provided nationwide.

April 29, 2021

Eurochambres President Leitl: Focus on Digital Skills, Education and Qualification

At a meeting with EU Commissioner Mariya Gabriel, the Austrian Eurochambres head, Christoph Leitl, and Austrian Chairwoman of the Eurochambres Women Network, Martha Schultz, demanded focus on digital skills, education and qualification of the EU education program Erasmus+ for European reconstruction.

April 21, 2021

Extension of Austria's Internationalization Program "go-international" Announced

Austrian Economics Minister Margarete Schramböck and President of the Austrian Federal Chamber of Commerce (WKO) Harald Mahrer extend the joint internationalization offensive "go-international" and provide EUR 25.6 million for the next two years. The funding will focus on the areas of innovation and technology, value chains and digitalization.

April 20, 2021

Austrian Companies Develop Innovations for Africa

On the occasion of the "Africa Innovation Challenge 2021" organized by Advantage Austria - Aussenwirtschaft Austria, several Austrian companies have developed innovative solutions to solve societal challenges in Africa's dynamic markets. At the World Summit Award (WSA), five projects have been selected champions by an international jury.

April 19, 2021

Demand for More Artificial Intelligence in Austrian Economy

According to a study by the Boston Consulting Group (BCG), only 12 percent of Austrian businesses use artificial intelligence in their operations. For Alfred Harl, representative of the Austrian Federal Chamber of Commerce in this particular sector, Austrian companies will need to stay up to date with regard to new technologies and not be "left behind in the strong international environment."

April 14, 2021

Potential Closure of MAN Plant in Austria

After the majority of the workforce in the MAN plant in Steyr voted against a takeover concept of a potential investor, Austria's federal and state governments are highly invested in supporting a solution that would save more than 1,000 jobs in Steyr, Upper Austria. No solution would mean a closure of the plant by 2023.

April 14, 2021

Vienna as Industrial Location: Proximity to Eastern Market Loses Importance

A recent survey shows that Vienna's infrastructure and quality of life are location advantages for Vienna as an industrial location, but the proximity to eastern European and other eastern markets declines in importance. Only 40 percent of the 172 surveyed Viennese industrial companies see the proximity to the eastern EU countries as an advantage,

April 8, 2021

WKO Heads: "We Cannot Afford a Pause in Vaccination"

The heads of the Austrian Federal Chamber of Commerce (WKO) are delighted about the possible acquisition of the Russian Covid-19 vaccine "Sputnik V" by the Austrian government. Furthermore, they hold on to their idea of using companies for vaccination programs, similar to the implementation with in-company testing.

March 31, 2021
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