Infineon Technologies AG opened its new high-tech chip factory for power electronics on 300-millimeter thin wafers in Villach, Austria. With a price tag of € 1.6 billion, the investment made by the semiconductor group is one of the largest of such projects in the microelectronics […]

The AACC Austro-Arab Chamber of Commerce organizes the 12th Arab-Austrian Economic Forum – Online Edition taking place online on Wednesday, 20 October 2021, from 10:00-16:00 Vienna time (CEST). The Arab Republic of Egypt is Africa’s second largest economy and a gateway to both, the African […]

Austrian Foreign Minister Michael Linhart traveled to the Bosnian capital Sarajevo on his first foreign trip since becoming foreign minister. Sarajevo was chosen as the first trip abroad by Foreign Minister Michael Linhart to send a strong sign that Austria continues to support the European […]

Australia represents a growing export market for Austria. Currently, about 90 Austrian companies have production facilities, sales offices or representative offices in Australia. About 850 companies maintain regular business contacts. An agreement between the European Union and Australia is intended to create the framework for […]

Vienna has started a major redesign and revitalization of Praterstern: a concrete-heavy traffic junction frequented by up to 150,000 people every day will be transformed into a greened and cooled oasis of calm. The new square will be surrounded by a 1,400 m² green ring. […]

Austrian Finance Minister Gernot Blümel presented the draft budget for 2022 in his budget speech to the Austrian National Council. The draft budget for 2022 envisages a deficit of € 12.6 billion. The Ministry of Finance expects revenues of € 86.4 billion and expenditures of […]

In July 2021, according to Statistics Austria, the value of imports of goods was 14.56 billion euros, an increase of 18.3% compared to July 2020. At the same time, exports of goods also increased, rising by 10.4% to 14.09 billion euros. The trade balance showed […]

As of today, Vienna has its own service office for international professionals (expats) and companies for matters of residence law as well as consultations. The City of Vienna, together with the Vienna Business Agency and in cooperation with AMS Vienna, is opening the new Business […]

Messe Wien, the largest trade fair in Vienna, is celebrating its 100th anniversary this fall. To mark this occasion, a comprehensive account of the one-hundred-year history of Messe Wien was presented in the form of the new book “Das Fest des Neuen” (“The Festival of […]

In the next few years, several thousand employees will be needed in the passenger and freight rail sector in Austria alone. In Vienna, a modern training center for rail jobs has now gone into operation. The “Traincademy” is a joint project of Wiener Lokalbahnen (WLB) […]