Austria's Constitutional Protection Agency Warns of Chinese Economic Espionage
Vindobona » Business
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3w ago
The Austrian Office for the Protection of the Constitution has issued an urgent warning about Chinese industrial espionage. Small and medium-sized enterprises and research centers are particularly at risk ..read more
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Supply Stop and Human Rights Allegations for OMV
Vindobona » Business
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3w ago
OMV, Austria's leading energy company, is currently under immense pressure. Two developments could have a significant impact on the company and the Austrian energy market: the threat of Gazprom stopping gas supplies and serious allegations of involvement in war crimes against former OMV executives in Sudan ..read more
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Raiffeisen Bank International Withdraws from Controversial STRABAG Transaction
Vindobona » Business
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1M ago
Raiffeisen Bank International AG (RBI) has announced that it will no longer pursue the planned acquisition of shares in STRABAG SE. This decision was made public in an ad hoc announcement in which the bank stated that it had not received the necessary comfort in discussions with the relevant authorities to proceed with the transaction. RBI therefore decided to refrain from the transaction for reasons of prudence ..read more
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Brenner Transit Dispute: Austria and Italy Go to European Court
Vindobona » Business
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1M ago
The long-running dispute over the anti-transit measures on the Brenner route between Austria and Italy continues to escalate: the European Commission has cleared the way for Italy to take Austria to the European Court of Justice (ECJ ..read more
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EU Commission Warns Austria About Outstanding Climate Plan
Vindobona » Business
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1M ago
Austria is being criticized by the European Commission because it is the only EU country that has not yet submitted its National Energy and Climate Plan (NECP). The failure to meet the deadline has led to official infringement proceedings. This increases the pressure on the Austrian government to revise and present its strategies for achieving the climate targets by 2030 ..read more
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Vienna Hosts Major International Conference on Autonomous Weapons Systems
Vindobona » Business
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1M ago
The historic Hofburg Palace in Vienna will be the center of global attention as it hosts the international conference entitled "Humanity at the Crossroads: Autonomous Weapons Systems and the Challenge of Regulation." The Vienna Conference on Autonomous Weapons Systems will take place from April 29 to 30, 2024 ..read more
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Republic of Austria Opposes Restructuring of Signa Development
Vindobona » Business
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1M ago
The Republic of Austria has filed an appeal against Signa Development's fiduciary restructuring plan, leaving the future of the restructuring process of the real estate conglomerate founded by René Benko hanging in the balance. This legal action could lead to a complete reassessment of the restructuring strategy ..read more
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Vienna to Host the "TRATOLOW" Climate Conference for the Western Balkans and Turkey
Vindobona » Business
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1M ago
In a crucial meeting in Vienna today, leading climate and environmental representatives from the Western Balkans, Turkey and the EU discussed strategies to tackle climate change. Organized by the Austrian Ministry for Climate Action, the EU Department for Climate Action and the Austrian Environment Agency, the conference focused on the TRATOLOW project, which aims to achieve a sustainable climate transition in these regions ..read more
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RBI in a Balancing Act Between Sanction Risks and Solid Management
Vindobona » Business
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1M ago
Raiffeisen Bank International (RBI) is currently caught between geopolitical tensions and its own business progress. Recent developments have led the bank to take cautious steps to avoid sanction risks on the one hand and to present its robust quarterly results on the other, which show that the bank remains strong even without the income from Russia and Belarus ..read more
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20 Years of EU Enlargement: Austria Looks at the Success Story of European Integration
Vindobona » Business
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1M ago
Exactly 20 years ago, on May 1, 2004, a historic enlargement of the European Union came into force. Estonia, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia, the Czech Republic, Hungary, and Cyprus became member states, marking the beginning of a new chapter in the history of Europe. This fifth round of enlargement marked a milestone for the countries involved and a significant change for Austria, as Foreign Minister Alexander Schallenberg, the Austrian Federal Economic Chamber and the Austrian Society for European Politics emphasize ..read more
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