Austrian Inflation Falls to Lowest Level Since April 2021
In July, inflation was 2.9%, with August prices estimated to have fallen by 0.2%, partly due to lower fuel and heating oil costs.
Austrian Consumer Spending Shifts to Gaming, Bikes, Beauty, Pets
Spending on in-game transactions in Austria has jumped 771% since 2014, while the bicycle market grew by 415%.
Chancellor Promises Tax Cuts if Re-Elected
Karl Nehammer has unveiled plans to lower the basic tax rate from 20% to 15% and abolish the 48% tax bracket for higher earners.
Vienna Retail Sales Fall 2.2% Amid Inflation and Heatwave
Shops in the city have seen nearly €1.5 billion less in turnover compared to the same period last year.
Record Low in Apprenticeship Providers as Labor Shortages Worsen
Austria experienced a significant decline in the number of companies offering apprenticeships in 2023, hitting a new long-term low of 27,083 businesses.
Vienna’s Airport Profit Up By 31% in First half 2024
In July 2024, Vienna Airport recorded its highest monthly passenger volume in history, with over 3.3 million travelers passing through its gates
Vienna to Raise Fees for Water, Waste and Parking from 2025
A 40 sq m household will face an additional monthly cost of €1.35, while a 90 sq m household will see an increase of €3.11.
Central Bank Predicts Wage Slowdown
According to the OeNB, wages in the private sector will slow down this year, but salary increases in the public sector will remain high.
Raiffeisen Russia to Stop Euro Transfers for Private Clients
RBI has faced mounting pressure from the EU and US over its dealings in Russia as the Kremlin continues its invasion of Ukraine.
Austrian Housing Prices Falling, Rental Market Booming
Austrian housing prices are on the decline, especially in Vienna, while demand for rental properties is rising due to limited financing options.
