Inflation Rate in Austria Rises to 3.3% in February
Compared to January, prices increased by 0.6%.
The Austrian Schilling Turns 100
The Austrian Schilling was the official currency from 1925 to 1938 and from 1945 until the introduction of the Euro.
Almost All Austrian Households Bought Cosmetics in 2024
Industry platform Kosmetik transparent reported that, on average, shoppers made two purchases per month, spending around €10 per transaction.
Austrian Beer Industry Grows in 2024
Production in 2024 rose by 1.1% to 10.09 million hectolitres, despite “consumer reluctance to spend” amid high inflation.
Counterfeit Banknotes Rise by 30% in Austria
The €50 banknote was the most commonly forged, with 4,258 notes (41.7%) seized, followed by the €100 and €20 notes.
ÖVP and SPÖ Reach Budget Deal in Coalition Talks
It is unclear whether the agreement includes scrapping the climate bonus and education leave or raising the retirement age.
Chinese Online Retailers Fuel Austria’s Parcel Boom
Austria’s parcel market grew by 7.9% in 2024, reaching 397 million deliveries, with Chinese online retailers driving the increase.
Carnival Spending Expected to Reach €35 Million
Fasching, the traditional festival leading up to Easter, is marked by costume parties, parades and masked balls.
Austria’s Top Court Orders Wizz Air to Refund Unlawful Fees
Passengers who paid a check-in fee since 2019 will be reimbursed, while expired Wizz Credits will be reinstated and vouchers reissued.
Austrian Retail Rises in 2024 Despite Economic Gloom
The country’s retail sector saw sales rise by 2.7% in nominal terms and 0.9% in real terms in 2024, reaching €77.2 billion.