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Latest Austria News

Pak objects to Indo-US N-deal
: Pakistan has objected to some clauses of the Indo-US nuclear deal, warning that it will trigger an arms race in the sub-continent. Objecting to certain clauses in the draft of the IAEA safeguards agreement, officials at the Pakistan embassy in Vienna

Maria von Trapp returns to "Sound of Music" home (Reuters)

Reuters - Maria von Trapp has taken a trip down memory lane to see her old family home just before it opens as a new hotel.

Iran ends cooperation on nuke probe

Iran signaled Thursday that it will no longer cooperate with U.N. experts probing for signs of clandestine nuclear weapons work, confirming the investigation is at a dead end.

Tennis balls anyone? Bank collects thousands (Reuters)

Reuters - A Canadian bank is collecting tens of thousands of unwanted tennis balls, which it says it will recycle to reduce noise levels in primary schools.

Raiffeisen Bank to move to Orco's Arena in Hungary
Raiffeisen Bank, a unit of Austria's RZB banking group, has agreed to lease over 8,000 m2 of space in the Arena Corner scheme in Budapest as part of the bank's expansion in Hungary. The deal increases the occupancy rate of the A-class scheme owned by the

Austrian firm targetted over Zimbabwe money Article
Austrian firm targetted over Zimbabwe money Zimbabwean dictator Robert Mugabe. Foto: apa/epa By By David Hill Humanitarian groups want Jura JSP to cancel licence. Austrians say they are powerless to act.Vienna. An Austrian software firm have found

Iran ends cooperation with UN nuclear arms probe (AP)

AP - Iran signaled Thursday that it will no longer cooperate with U.N. experts probing for signs of clandestine nuclear weapons work, confirming the investigation is at a dead end a year after it began.

Warsaw-listed developer Orco needs to sell EUR 510 mln in assets tocover financing costs - report
WARSAW. JULY 24. INTERFAX CENTRAL EUROPE - Warsaw and Pragu-listed CEE developer Orco Property Group will have to sell assets worth EUR 510 mln in 2008-2009 to cover the financing of its current projects, according to a July 21 report by Austria's Erste

Austrian company helps Zimbabwe bank produce near-worthless money
Johannesburg - An Austrian company is supplying Zimbabwe's central bank with materials used in the design and printing of the country's virtually worthless money, a South African newspaper reported Thursday. Despite pressure on European companies to halt

European Chain Hotels Market Review | June 2008 | TRI Hospitality Reports Vienna kicks average rate skywards
Vienna kicks average rate skywards The UEFA EURO 2008 football championships caused a massive surge in profit for Vienna?s chain hotels, according to the latest European HotStats survey from TRI Hospitality Consulting. Income before fixed charges

Country Information

Once the center of power for the large Austro-Hungarian Empire, Austria was reduced to a small republic after its defeat in World War I. Following annexation by Nazi Germany in 1938 and subsequent occupation by the victorious Allies, Austria"s 1955 State Treaty declared the country "permanently neutral" as a condition of Soviet military withdrawal. Neutrality, once ingrained as part of the Austrian cultural identity, has been called into question since the Soviet collapse and Austria"s increasingly prominent role in European affairs. A prosperous country, Austria joined the European Union in 1995 and the euro monetary system in 1999.

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