Austrian Small Businesses See Drop in Sales and Profit
Due to financial pressures, 28.6% of businesses, especially in manufacturing and construction, have reduced their workforce in the past six months.
Foreign Investment in Eastern Europe and Balkans Falls Sharply
The hardest-hit nations include Bulgaria, Poland, and Estonia, where investment activity has halved, while in Albania, it has dropped by 88%.
Amazon Austria Establishes Its First Workers’ Council
The council will represent nearly 700 employees across the company’s logistics sites in Vienna, Lower Austria, Carinthia and Styria.
Austria Must Save €24 Billion to Fix Budget
With Austria’s economy in decline, the next government will need to tackle a €24 billion consolidation target to reduce the budget deficit.
Part-Time Work in Austria Rises 30% in a Decade, Led by Women
In 2013, around 950,000 people worked part-time in Austria, but by 2023, that number had increased to 1.25 million.
Company Bankruptcies Rise by 22% in 2024
Liabilities are also expected to increase by 31%, with the rise mainly due to a string of high-profile insolvencies.
AMS: Minimal Impact on Labour Market from Syrian Returnees
Austria’s total workforce stands at 3.977 million, with Syrians making up just 0.6 percent of that figure.
WKÖ: Austria and the EU Need Urgent De-Bureaucratisation
The level of bureaucracy in Austria has reached an “intolerable” point, according to a senior Austrian Chamber of Commerce official.
Bavaria Disputes Austria’s Craftsperson Bonus in EU Complaint
The Chamber of Skilled Trades for Munich and Upper Bavaria argues the bonus unfairly harms German businesses.
US Firm Takes Over Salzburg’s Mozartkugel Production
The iconic sweet will still be made, with US brand owner Mondelez planning to continue production, though the location remains a mystery.