Austria’s Fiscal Council Predicts Rising Deficits
The Austrian Fiscal Council has revised its budget deficit forecasts for 2024 and 2025, now expecting shortfalls of 3.9% and 4.1% of GDP, respectively.
Austrian Post’s Profit Rises 10.7% in 2024, Expecting €3B Revenue
Austrian Post achieved robust earnings in the first nine months of 2024, with operating profit (EBIT) increasing by €144.7 million compared to the same period last year.
AK Secures €1.16M Refund for Tenants Overcharged
On Monday, the AK announced that affected renters would receive an average of €2,324 per apartment after a favorable ruling from both the Vienna Higher Regional Court and the Supreme Court
Retail Workers’ Union and Employers Debate Wage Increase
The two sides remain far apart on wage adjustments, with the GPA union pushing for a 4.8% increase while employers’ initial offer stands at 2.8%.
Unemployment in Austria Rises to 371,648 in October
This figure represents an increase of 32,752 individuals compared to the same period in the previous year
Household Energy Prices Continued Decline in September
However, energy remains 29.3 percent more expensive than before the energy crisis.
Mariahilfer Straße’s Shop Sales Decline Due to Online Shopping
Changing consumer behavior means people are spending less in brick-and-mortar stores and more online.
ÖVP and SPÖ Form Budget Expert Group
This group is intended to “professionally outline the financial framework conditions for a potential future government,”
Klimabonus to Cost Nearly €2 Billion This Year
The scheme, designed to offset environmental damage, has faced increasing criticism regarding its cost-effectiveness and broad reach.
Austria’s Beer Prices to Rise Again in December
After an increase of approximately 3.6% at the start of the year, prices are now expected to rise by a further 3.4% in December.