Cheapest Grocery Prices Up 42% in Austria Since 2021
A Chamber of Commerce study found that Billa and Spar charge nearly 11% more for the same shopping basket than discount stores.
Taylor Swift Shows Could Boost Vienna’s Economy by €100 Million
Swift’s 152-date Eras Tour has already become the highest-grossing concert series of all time, with last year’s US leg earning over $1 billion (€920 million).
Austria Faces Staff Shortages in Hospitality Sector
The study found over 11,500 unfilled jobs across Austria, noting that the actual number could be significantly higher.
Illegal Employment Uncovered in Vienna Hotels
The operation targeted foreign staff and resulted in fines totalling €68,000, in addition to the immediate recovery of over €43,000 in overdue taxes.
Austria to Break EU Budget Rules, Think Tank Predicts
The Institute of Advanced Studies predicts that Austria’s government deficit will reach 3.0% of gross domestic product (GDP) in 2024, exceeding the official EU threshold.
Austria’s Nonprofits Contribute Over €22 Billion Annually
The new survey highlights the significant impact of both paid and voluntary work across various sectors, including social services, health, culture, and sports.
Historic Vienna Car Parts Factory to Close
The plant began operations in 1982, employing nearly 2,800 people at its peak in the 1990s, but now only 150 remain.
Austria’s Work Rules Discourage Extra Hours
Calculations show that individuals who increase their working hours by 100% in Austria receive only 67.5% more after-tax pay.
Vienna Taxi Checks Uncover Fraud
Targeted inspections were conducted by the financial police and the Ministry of Finance in May and June, uncovering issues such as illegal employment, tax fraud and tax evasion.
Austria Introduces Home Renovation Bonus
The scheme applies from March 1 this year, with the bonus capped at €2,000 for 2024 and €1,500 for 2025. Only one application per person is allowed.
