The 21st Century
On May 15, 1955, the Austrian State Treaty was ratified, with Austria declaring its permanent neutrality. Thanks to its location near the “Iron Curtain”, Austria soon developed into a nerve center between the West and the East. After the 1956 Hungarian Revolution and the 1968 Prague Spring Invasion, Austria grants asylum to the refugees. Austria is also host country of many international organizations (UNO, OPEC) as well as host of many important conference and summit meetings. The Iron Curtain fell in 1989/90; in 1995 Austria becomes a member of the European Union.