Austria to Receive €500m from EU for Storm and Flood Relief
With Austria’s own disaster fund standing at €1 billion, the EU contribution brings the total available for aid to €1.5 billion.
Study: Austrian Households Buying More Food
Austrian households increased fresh food purchases by over 3% in the first half of 2024 compared to the previous year.
Austrian National Bank Predicts Extended Recession
According to OeNB economists, the downward revision is due to a weaker historical GDP trend and the decline in the second quarter of 2024.
Every Second Person in Austria Buys Secondhand
Sustainability and Saving Books, movies, and clothing are particularly popular secondhand purchases. Additionally, toys and furniture are also favored secondhand items.
Austrian Rents Up 80% Since 2010
Half of the Austrian population is worried about affording housing in the future, with 62% of those under 30 expressing particular concern.
Austria’s Heavy Industry Faces Longest Demand Crisis in 20 Years
The report noted that while the previous crisis, in the early 2000s, lasted longer, the decline in production at that time was much smaller.
Austria’s Economy Declines Due to Weak Trade and Industry
Austria’s economy has recorded a fifth consecutive quarter of decline due to ongoing weaknesses in the industrial sector and wholesale trade.
Vienna Announces New Steps to Fight Youth Unemployment
The measures include creating more educational places for immigrant teenagers and increasing support for companies offering apprenticeships.
KSV1870 Warns of Rising Personal Bankruptcies Due to Overspending
Their latest report highlights that individuals overestimating their financial abilities is the most common cause of these financial failures.
Unemployment Rises in August
According to data released by the Ministry of Labor on Monday, the number of unemployed individuals and AMS training participants has risen by 31,497 compared to the same period last year.
