We asked board member Thomas Schaufler about designing Erste Bank’s online banking platform George
In Austria, banking has not always moved with the times. From the persistence of the transfer slip (Erlagschein) to the popularity of the savings account, progress has been conservative in terms of innovation. So who better to design a burgeoning new way to do banking than...
So what's wrong with dirty money? Founder Georg Fechter has perfected the art of banking on fuel, fire and adrenaline.
Motors roar, flames blaze, music blasts, whipping up the crowd – and then they come: Shooting out of their stalls like a swarm of wasps, they jump over one another, taking the “Ooos” and “Ahhs” of the audience as encouragement...
Pharma's Market: The pharmaceutical industry has played an important role in Austria’s economic growth. But the challenge remains to find a balance between regulation and competitive pricing.
Sluggish economic growth in Europe has governments on edge. In Austria, after four years below 1% and a modest rebound of 1.6% in 2016, one of the best prospects for continued recovery is...
The number of coworking spaces in Vienna is growing. Is sharing an office with strangers the new normal?
In 2017 more than a million people will choose a shared working space over home-office isolation. Is sharing your desk, WiFi, kitchen – and also your ideas – with kindred spirits becoming the new normal?
“Anybody in for Sexy Salad?” A curly-haired gentleman in a Kidrobot T-shirt...
How does Austria deal with Europe’s estimated €1 trillion shadow economy of black-market crime, petty tax evasion and corporate profit shifting?
In Vienna, a tax fraud sting begins with an innocuous questionnaire, printed in German, English and several Slavic languages. In this polyglot city, bordering the former communist east, finance investigators approach waiters at lunchtime, construction workers in the afternoon, or bordello...
Two Viennese entrepreneurs with very different paths to success embody the city’s attitude towards luxury
If someone pointed a gun at my head and ordered me to name five luxury brands from Vienna, I’d be in quite a jam. Yet since moving to Vienna from America in 2001, I have found myself working with two of them. Soon after my arrival...
We all fear that our jobs will eventually be automated. But cheer up! Where one job dies, another rises from the ashes
Imagine a world where writers have vanished. Editorial departments, the places where the magic of newspaper and magazine writing used to happen, are run by computers relying on the eternal knowledge of the web. With access to big...
