Austrian Household Energy Prices ‘Continue to Fall’
Over the past year, household energy prices have fallen by 11.5%, easing overall inflation, with the steepest reductions in heating oil and fuels.
September Floods Cause €1.3 Billion in Damages
Researchers said individuals and businesses were affected, but timely investments in flood defences prevented worse losses.
Union Calls for Pay Rise in Trade and Railways
Specific wage demands will be announced at the start of the negotiations, but this autumn’s focus is on industries like trade and railways.
Apprenticeships on the Rise in Vienna as Female Numbers Grow
Around 3,400 companies in Vienna now offer apprenticeship, with the city council training about 600 apprentices in over 20 professions.
Study: Retail Spaces in Austria in Decline
The decline has persisted for a decade but accelerated in the last two years, particularly affecting footwear, electronics, furniture, and clothing.
Food Imports Pressure Austrian Producers Despite Export Rise
Austrian food exports rose by 7.2% to 5.3 million tonnes, while imports grew by 13.2% to 5.5 million tonnes in the first half of the year.
Over 350,000 Unemployed in Austria
Compared to the same month last year, the number of unemployed and training participants rose by 10.6% (33,905 people), pushing the unemployment rate up by 0.6% to 6.6%.
Austria’s Economy Shrinks as Construction and Retail Decline
Austria’s economy shrank more sharply than expected in 2023, with the construction industry and retail sector showing the largest declines.
Home Office Drops to 65% in 2024
While 82% of office employees were regularly working from home in 2022, this number has dropped to 65% in 2024.
Private and Corporate Bankruptcies Set to Increase
The number of companies going bankrupt is expected to increase by around 25%, with nearly 4,900 businesses predicted to file for insolvency.