Austria’s Smaller Industries Secure Wage Increases for 2025
The wage increases occurred in industries such as vinegar and wine production, horticulture, confectionery and fruit and vegetable processing.
Austria’s Exports Drop as Demand Weakens
The country’s four main export sectors – machinery, processed goods, chemicals and manufactured goods – all declined.
Chamber of Labour Criticises High CEO Salaries
According to calculations by the Chamber of Commerce, the highest-paid CEOs earn 81 times the median income of Austrian employees.
Austria Sees Rise in Tobacco Tax Revenue
The country’s tobacco tax revenues totalled €2.8 billion, including VAT, last year, contributing over 2% to the national budget.
Austrian Inflation at 2% in December, Meeting EU Target
Although inflation in Austria had been slightly lower previously, the 2% rise still meets the EU’s stability goals.
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.