Austrian and overseas government agencies participating in the business and investment environment
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Austrian and Foreign Government Agencies

BIG Federal Property Managing Company's Sales Increased Slightly

Rental income and sales proceeds of federal property managing company Bundesimmobiliengesellschaft (BIG) jumped up in H1 2016 y/y. The market value of real estates climbed to over EUR 11.2 billion (USD 12.5 billion), compared to EUR 11 billion at the end of 2015, and BIG saw the rentable floor space remain at 7 million square meters.

August 31, 2016

RZB at Higher Risk of Regulatory Intervention

In view of the devaluation of RZB stakes in H1 balance sheets of owner banks RLB OÖ and RLB Steiermark, and of the justifications for that devaluation, Bloomberg reckons there is a higher risk of a regulatory intervention at Raiffeisen Zentralbank.

August 31, 2016

America Movil Reduced Stake in Telekom Austria

America Movil has reduced its stake in Telekom Austria from 59.7 percent to 51.89 percent. The Mexicans have thus complied with provisions of the syndicate agreement with ÖBIB, in line with which America Movil had to raise the free-float share stake.

July 29, 2016

Austrian Ministerial Council Approves EUR 1.5 Mln for Iraq Humanitarian Aid and Resettlement

The Austrian Ministerial Council approves 1.5 million euros in funding for humanitarian aid and resettlement in Iraq. The humanitarian aid for the population in need on the ground and measures aimed at promoting resettlement are supposed to contribute towards managing the refugee crisis.

July 15, 2016

Austria Takes Over OSCE Chairmanship: "Need for Decisive Action!"

In his first address to the OSCE Permanent Council as incoming OSCE Chairperson-in-Office, Austria’s Minister of Foreign Affairs Sebastian Kurz said that the fight against radicalization will be the main priority of Austria’s 2017 OSCE chairmanship. In first address to OSCE Permanent Council, incoming Chairperson-in-Office Austria’s Foreign Minister Kurz, stresses

July 14, 2016

New "Open Austria Initiative" Supposed to Open Doors to Silicon Valley

Foreign Ministry and Austrian Economic Chamber open joint office in California to support Austrian companies and pave their way for success in Silicon Valley.

July 14, 2016

Withdrawal Fees: Finance Ministry Insist on Providing Clear Information

Austria's Finance Ministry would insist on providing clear information about cash withdrawal fees in the form of cash machine signage, the ministry's spokesman said.

July 13, 2016

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

Austrian Business Meets Foreign Diplomacy

In the context of the ‘Business meets Diplomacy’ series of events, representatives of the Austrian economy meet members of the foreign diplomatic corps for an exchange of views on Austrian business and the economy.

June 20, 2016

Symposium in Vienna: "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit"

The upcoming summit of the North Atlantic Treaty Organization (NATO) in Warsaw from 8th to 9th July 2016 sees the organization facing numerous challenges. The withdrawal of combat troops from Afghanistan and rising tensions in the European area – from the conflict in Ukraine to the migration crisis, effected the question of the role of NATO’s Partnership for Peace under the new circumstances. A conference in Vienna with the working title "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit" intends to discuss these and other pertinent issues.

June 16, 2016