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Austria and Turkey Business and Diplomatic Relations

Azeri Socar Interested in OMV's Petrol Ofisi

Azeri State-owned oil company Socar is considered interested in the Turkish subsidiary of OMV, the company Petrol Ofisi. The Azeri company will tackle the possible acquisition in September.

June 20, 2016

20 Years Comprehensive Nuclear-Test-Ban Treaty (CTBT): Ministerial Meeting at VIC

Marking the 20th anniversary of the signing of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), a Ministerial Meeting was held at Vienna International Center. Hosting some 40 international organizations, Austria is a hub for the promotion of peace, safety and security, sustainable development and the fight against crime, drug abuse and terrorism.

June 20, 2016

DenizBank Vienna Raised Profit in 2015 by 25 Percent

Vienna-based DenizBank, owned by Sberbank group via Turkish DenizBank A.S., saw a massive profit increase y/y in 2015. The bank netted EUR 177.8 million (USD 202 million), up 25 percent y/y, whereas the balance sheet sum firmed from EUR 8.9 million to EUR 10.05 billion, the balance published in Official Gazette of Wiener Zeitung daily indicates.

April 22, 2016

Austria's EU-Turkey Refugee Agreement Payment to Be Made in Autumn

Austria wants to pay its contribution to the EU-Turkey refugee agreement in autumn. The first installment is to be paid in Q4 2016, a spokesperson of the Finance Ministry said. Austria is to contribute EUR 45.6 million to the scheme.

April 21, 2016

Report: Drug Money and Opiate Trafficking on the Balkan Route

A report recently launched by the United Nations Office on Drugs and Crime (UNODC) shows that the total value of illicit heroin and opium trafficked from Afghanistan to Western Europe through the Balkans amounts to some $28 billion every year. Sixty-five per cent of this total ($18 billion) is generated in Western and Central Europe.

December 14, 2015

Austrian Ministry of Foreign Affairs: Council of Ministers Places 27 New Diplomats at Head of Embassies

The Council of Ministers of the Austrian Ministry of Foreign Affairs has decided to place 27 new Austrian diplomats at head of Austrian Embassies worldwide.

December 10, 2015

Foreign Minister Kurz Met Adel al-Jubeir and King Salman bin Abdulaziz

During his first visit to Saudi Arabia, Austria's Foreign Minister Sebastian Kurz was received both by his Saudi Arabian counterpart Adel al-Jubeir, as well as King Salman bin Abdulaziz. The talks included besides bilateral issues - which also include economic relations - the future of Syria, the danger of the "Islamic State" and human rights.

November 27, 2015

“Terrorism Cannot Be Justified by any Means and Stands in Clear Contradiction to Islam"

The President of the Islamic Religious Community in Austria (IGGiÖ), Fuat Sanac, and Minister for Integration, Sebastian Kurz in a joint reaction vehemently condemned the terrorist attacks in Paris.

November 19, 2015

Iranian Foreign Minister to Participate in Syria Conference in Vienna

Iranian Foreign Minister Mohammad Javad Zarif will attend the conference on Syria in Vienna on Friday. This has been confirmed today by the Foreign Ministry in Tehran, according to the official news agency ISNA. Iran will meet in Vienna not only to Russia and the USA, but also to its nemesis Saudi Arabia.

October 28, 2015

How Can Exporters Benefit from the "Go-International Initiative" of the Austrian Chamber of Commerce?

Even in a challenging global economic environment, exports remain the driving force behind the Austrian economy. The go-international initiative of the Austrian Chamber of Commerce encourages companies to step across the border by offering advisory services, events and support, as well as making it easier for existing exporters to enter additional foreign markets.

October 19, 2015