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.
Austria’s Income Growth Shows Uneven Results
However, when adjusted for inflation, real wage growth has been negative in recent years, especially for lower-income earners.
Austria Stays Cash-Strong, But Digital Payments Rise
Despite the growing popularity of digital payment methods, cash remains the preferred choice for consumers in the Eurozone, especially for smaller transactions.
Supermarket Prices in Austria Up to 20% Higher Than in Germany
Cheaper prices compared to Germany are a rarity.
Swiss Pharma Giant Invests €200 Million for Vienna Expansion
The €200 million investment reflects Octapharma’s commitment to meeting the growing global demand for plasma-based products, with further investments planned in the coming years.
New Vegetarian and Vegan Cook Apprenticeships in 2025
Like a traditional culinary apprenticeship, the vegan and vegetarian culinary apprenticeship will last three years.