High Bankruptcy Numbers Expected in 2024
Nearly 2,100 business bankruptcies have been filed so far this year, marking the highest number in a half-year period in 15 years.
Half of Austrians Save Their Holiday Bonuses
In addition to travel, holiday pay is used for everyday essentials like groceries or household items, as well as for larger purchases such as cars or furniture.
Austria Guarantees Fair Pay for Disabled Workers
A total of €54 million will be allocated to facilitate the integration of people with disabilities into the mainstream job market.
Tourism Boosts Employment Rates in Salzburg and Tyrol
At the end of June, the unemployment rate in Salzburg was 3.3 percent and in Tyrol 3.4 percent. In contrast, the unemployment rate in Vienna was 10.7 percent.
Austria Surpasses 50 Billionaires
Research shows that six of Austria’s top ten wealthiest individuals inherited their fortunes, consolidating wealth among the country’s richest.
Over 800,000 Registrations for New ORF Fee
ORF Director General Ronald Weißmann previously described up to 700,000 Austrian households as “illicit viewers.”
Young People in Austria Face Growing Financial Insecurity
The survey by the Arbeiterkammer showed that inflation was the main worry, but it also found that trust in democracy was decreasing.
Austria’s Millionaires Rise as Wealth Divide Widens
Around 400 super-rich individuals collectively possess €323 billion, accounting for over a third of Austria’s total financial wealth.
Parliament Raises Student Income Limit
Austria announces a higher income limit for students to help them better balance education and work.
Austria Updates Tax Categories to Benefit Taxpayers
Austria’s tax brackets will rise by four percent in 2025, as the government aims to abolish the so-called ‘cold progression’ and prevent taxpayers from being pushed into higher brackets.
