Austria Attracts 309 New Business Settlements in 2024
In 2024, the Austrian Business Agency (ABA) recorded 309 new business settlements, with a sharp rise in consultations for foreign companies and workers.
Egg Shortages in Austria Prevent Exports to the U.S.
Austria faces domestic egg shortages, making it impossible to export more eggs to the U.S.
Austria’s Rent Prices Increase by 4.5% in 2024
Austria’s rent increases were three times higher than the Eurozone average.
Austria Targets India for Skilled Immigration From July 2026
Austria’s Montan University launches the “Focus India” initiative to attract skilled Indian students and professionals, to address the workforce shortage.
Austrian Police Orchestras Face Tighter Budgets
Austria cuts police orchestra funding, reducing performance hours and canceling the 2026 music festival.
Survey: Austrians and Germans Still Prefer Cash
Austrians and Germans remain loyal to cash, with 73% and 69% respectively using it most frequently, while digital payment methods gain popularity across Europe.
New Business Relief Package to Cut Taxes And Reduce Bureaucracy
The Austrian government announces a new relief package for SMEs, including the abolition of receipt requirements for purchases up to €35.
Economy Minister to Abolish Receipts Under 35 Euros
No specific date for the abolition was mentioned in the government’s program.
Austrian E-Car Owners to Pay Up to €2,000 Annually
Owners of electric cars will face additional costs of under 500 euros per year.
Austria’s Foreign Trade Declines in 2024
Despite the decline, Austria reported a trade surplus of 1.74 billion euros.