Vienna Sees 15% Rise in Foreign Businesses
The increase is due to a new city-run platform, providing information for international companies, startups and expats looking to settle in Vienna.
Austria’s Cost of Living Rises Over the Past Five Years
By the end of 2024, the average Austrian household needed an extra €458 per month to maintain the same standard of living as in 2019.
People in Austria to Spend Around €126 on New Year Celebrations
Total spending is expected to hit €600 million, with the food and drinks sector taking the largest share.
Over €65m Paid Out in Craftsperson Bonus
The scheme offers a refund on home improvements carried out by skilled tradespeople, such as painting, kitchen installations and tiling.
Investment in Austrian Start-ups Declines
The 2024 Start-up Barometer from EY shows total funding dropped by 17% from 2023, with the number of funding rounds also declining.
Billions in Unexchanged Schillings Still in Circulation
The Schilling was Austria’s official currency from 1925 to 1938 and again from 1945 until the euro’s introduction in 2002.
Austrian Retailers Invest €300 Million in New Deposit System
The deposit system applies to all single-use beverage bottles and aluminum cans ranging from 0.1 to 3 liters, with consumers paying a deposit of 25 cents.
Used Car Prices in Austria Drop in 2024
The average price of a used car in Austria in 2024 was €26,310, representing a 3% decline compared to the previous year.
Financial Fraud in Austria Reaches Record Levels in 2024
The total losses reported to the FMA due to financial fraud amounted to approximately €15.5 million in 2024.
Germany Abolishes Gas Transport Fee, Saving Austria Millions
his change follows complaints from Austria and several Eastern European countries that the levy increased delivery costs and hindered efforts to reduce dependency on Russian gas.