AGP Executive Report
Last update: 9 hours agoIndustry: Infineon plans to invest about €1.1 billion at its Villach site, aiming to begin high-volume production of gallium-nitride power chips by the end of 2027. National Day: President Alexander Van der Bellen and Chancellor Christian Stocker joined celebrations in Vienna on Oct. 26, marking the 1955 law that enshrined Austria’s permanent neutrality. EU Budget: Stocker warned Austria could veto the proposed €2.2 trillion EU budget over planned staff increases. Security: Austria expelled four Vienna-based Russian diplomats over suspected espionage; Moscow vowed to respond. Universities: Thousands protested in Vienna against planned cuts to university budgets. Travel: Vienna Airport expects about two million fewer passengers this year after airline capacity shifts, and is seeking new partners and long-haul routes. Sport: The Alpine skiing World Cup opened in Sölden, while Carlos Alcaraz and Alexander Zverev won their Vienna Open openers.
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