Vienna to Raise Fees for Water, Waste and Parking from 2025
A 40 sq m household will face an additional monthly cost of €1.35, while a 90 sq m household will see an increase of €3.11.
Central Bank Predicts Wage Slowdown
According to the OeNB, wages in the private sector will slow down this year, but salary increases in the public sector will remain high.
Raiffeisen Russia to Stop Euro Transfers for Private Clients
RBI has faced mounting pressure from the EU and US over its dealings in Russia as the Kremlin continues its invasion of Ukraine.
Austrian Housing Prices Falling, Rental Market Booming
Austrian housing prices are on the decline, especially in Vienna, while demand for rental properties is rising due to limited financing options.
Vienna: Low Rents, High Property Prices
Municipal housing and older buildings help keep the average rent down to €10.50 per sq m, though prices for new rentals are higher.
Court Rejects Signa’s Restructuring Plan in Historic Collapse
The Vienna Higher Regional Court has upheld an appeal by the Republic of Austria, rejecting the restructuring plan of the collapsed developer Signa in Austria’s largest-ever bankruptcy.
German Tech Giant to Cut Jobs In Austria
These announcements follow the company’s recent weak sales figures attributed to delayed deliveries, prompting a narrowing of its sales forecast.
Tax Inspectors Recover €17.7 Million in First Half of 2024
The investigations primarily targeted telecommunications, real estate, and construction companies and entities operating in the red-light district.
Unemployment Up 10% In July Compared To Last Year
At the end of July, 341,769 individuals were registered as unemployed or in training with the AMS, pushing the national unemployment rate to 6.4%.
Inflation in Austria Below 3% for First Time in Three Years
While inflation has eased in the food sector, “price increases in the gastronomy sector remain disproportionately high,” according to Statistik Austria.