Wolfgang Hattmannsdorfer

Historic Summit in New Delhi: Austria and India Forge an “Alliance for the Future”

It is a visit of symbolic significance and economic importance: Chancellor Christian Stocker has arrived in India on an official state visit, becoming the first Austrian head of government to do so in 42 years. Together with Prime Minister Narendra Modi, he sealed a strategic partnership that spans high technology, film production, and close military cooperation.

Yesterday

Austria's Industry Defies the Crisis: Billion-Dollar Contracts, Expansion, and a New Direction in the Capital Markets

While geopolitical tensions and fragile supply chains keep the global economy on edge, the domestic industry is making a powerful statement. From massive infrastructure projects by voestalpine and Andritz to multi-million-euro plant expansions at FACC—Austria’s leading companies are demonstrating resilience. This upswing is accompanied by a slight easing in corporate bankruptcies and new legal measures to facilitate IPOs.

March 18, 2026

How the Iran War is Tearing Austria's Economy Between Crisis and Opportunity?

While drones and missiles fly in the Persian Gulf, calculators are working overtime in Vienna. The geopolitical escalation in the Middle East has Austria's economy firmly in its grip. Between rapidly rising fuel prices, stubborn inflation, and hopes for an “economic miracle after regime change,” the small European country faces an uncertain but highly exciting economic future.

March 3, 2026

Austria Calls for “Made in Europe” as Response to U.S. Tariff Chaos

Transatlantic trade relations are heading toward an all-time low. While U.S. President Donald Trump reiterated in his recent State of the Union address that protectionist tariffs remain a permanent part of his “America First” strategy, Europe is pulling the emergency brake. Austrian Minister of Economic Affairs Wolfgang Hattmannsdorfer (ÖVP) described the current halt to the planned EU-U.S. tariff deal as “the only correct response” and called for a radical strategic reorientation of European economic policy.

February 25, 2026

Austria Finalizes Billion-Dollar Purchase: Twelve Italian Leonardo M-346-FA Jets to Replace Swedish Saab 105

Austria has completed the purchase of twelve Leonardo M-346-FA jets from Italy. This was announced by Defense Minister Klaudia Tanner and Economy Minister Wolfgang Hattmannsdorfer (both ÖVP). The new weapon-capable subsonic jets close a capability gap that had existed since 2020 due to the decommissioning of the Saab 105.

November 30, 2025

Austria On Track: EU Commission Accepts Deficit Plans Despite Surprises

As part of its autumn package for the European Semester, the EU Commission has given Austria a positive assessment of its progress in the ongoing deficit procedure. Despite the expected higher budget deficits, particularly in some federal states, Vienna is certified to be on track to comply with EU requirements. No new requirements are expected for the time being. At the same time, the government's eagerly awaited industrial strategy is coming into focus, with leading economists calling for a “European dimension.”

November 25, 2025

25 Years of the Austrian Marshall Plan Foundation: Transatlantic Bridge for Science and Innovation

The Austrian Marshall Plan Foundation celebrated its 25th anniversary at TUtheSky at the Vienna University of Technology. Under the motto “25 Years of Transatlantic Exchange,” the foundation brought together high-ranking representatives from politics, science, diplomacy, and numerous alumni to honor a quarter-century of successful transatlantic knowledge transfer between Austria and the United States.

November 13, 2025

Novartis Opens Second Biotech Facility in Austria

The pharmaceutical company Novartis has commissioned its second state-of-the-art cell culture facility for the production of monoclonal antibodies in Kundl (Kufstein district). The opening of the facility, which has been invested in with a total of €500 million, along with its sister facility in Schaftenau (Kufstein district), which opened in June 2024, is seen as a strong signal for the Austrian life sciences sector. With this expansion, Novartis is creating around 100 new jobs in Kundl and strengthening its global production capacity.

October 21, 2025

Austria Pushes Ahead with Hydrogen Offensive: €275 Million for Four Key Projects

Austria is underpinning its ambition to become the “European hub for green hydrogen” with a massive investment: four key national projects are being funded with a total of €274.8 million. This was announced by the Ministry of Economic Affairs.

October 20, 2025

Hattmannsdorfer Calls for Tough EU Action Against Hungary's Special Tax

Austria's Minister of Economic Affairs is urging Brussels to take Hungary to the European Court of Justice because the special tax imposed by Budapest burdens international retail chains such as Spar and Hofer with a discriminatory levy of up to 4.5 percent of net sales.

October 12, 2025

Austria Focuses on “Continent of Opportunity” with National Africa Strategy

The federal government has given the green light in the Council of Ministers for the development of a comprehensive, nationwide Austrian Africa strategy. The strategy aims to raise relations with the African continent in the areas of economy, security, migration, education, and culture to a new, structured level.

October 2, 2025

WIFO Chief Calls for Tougher Stance in Tariff Dispute with the U.S.

In the ongoing tariff dispute between the European Union and the United States of America, Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (WIFO), advocates a reorientation of the European negotiating strategy.

August 28, 2025

Broad Criticism, Including from Austria, of New Tariffs Deal Between the U.S. and the EU

The trade deal between the United States and the European Union, which was announced by both sides with pride, may have averted a looming escalation in the trade dispute. Still, it has been widely criticized in political and economic circles. While EU Commission President Ursula von der Leyen and Trade Commissioner Maros Sefkovic defended the agreement as a “breakthrough” and “the best possible outcome,” numerous member states and business representatives, including many voices from Austria, see and feel significant disadvantages for the EU and are calling for renegotiation.

August 20, 2025 · Updated: August 21, 2025; 12:46

Export Day 2025: Austria's Export Economy with its Opportunities and Challenges

The Austrian Federal Economic Chamber's (WKÖ) Export Day 2025 was once again the largest internationalization event in Central Europe. Under the motto “Seizing Business Opportunities. NOW!”, the event brought together around 3,000 participants, including over 2,500 decision-makers, more than 60 WKÖ economic delegates, top international speakers, and leading export service providers. The aim was to encourage companies to actively seize international business opportunities and put the Austrian export industry in the spotlight.

June 11, 2025

Van der Bellen Visits Japan: Focus on Business Delegation and EXPO 2025

Austria's President Alexander Van der Bellen is currently on a state visit to Japan, accompanied by a high-ranking business delegation of around 150 people. The four-day trip - organized in close cooperation with the Federal Ministry of Labour and Economy and the Austrian Federal Economic Chamber - is all about deepening bilateral economic and diplomatic relations.

May 22, 2025

U.S. Tariffs Cause Tensions: Austria between Willingness to Negotiate and Strong Response

Transatlantic economic relations are once again being put to the test. Following the US decision to impose import tariffs on European products - particularly steel, aluminum, and a range of industrial goods - under former President Donald Trump, the EU has responded with a second package of sanctions. Stakeholders in Austria are also taking a clear stance - between calls for diplomacy and calls for consistency.

April 9, 2025

Economic Dialogue with a Signaling Effect: China and Austria Intensify Cooperation

Economic relations between the People's Republic of China and Austria have taken a significant step forward. The focus was on the official visit of a high-ranking Chinese business delegation led by Ren Hongbin, President of the China Council for the Promotion of International Trade (CCPIT), accompanied by intensive talks with political decision-makers, entrepreneurs, and institutions in Vienna.

April 7, 2025

New Economics Minister Hattmannsdorfer Against the Deindustrialization of Austria and Europe

Dr. Wolfgang Hattmannsdorfer (ÖVP) sent out a signal for the importance of industry in Austria with his first official company visit as Minister of Economic Affairs. The trip took him to his hometown of Linz to voestalpine, where he emphasized that the business location is facing decisive challenges. The new minister assured that “the stop button for industrial migration” would be pressed with the new government program.

March 5, 2025

A New Chapter for Austria: The Faces of the Federal Government 2025

The inauguration of the new federal government marks the beginning of a new era in Austrian politics. For the first time, a three-party coalition of the ÖVP, SPÖ, and NEOS, led by Federal Chancellor Christian Stocker (ÖVP), is in power. He is joined by Vice-Chancellor Andreas Babler (SPÖ) and Foreign Minister Beate Meinl-Reisinger (NEOS). The new government has 21 members in total. But who are the people who will steer the country's destiny in the coming years?

March 3, 2025