BCG Report: 400 Super-Rich Own 37 % of Austria’s Financial Wealth
Just 400 ultra-wealthy Austrians control over a third of the country’s financial assets, while millions share the remainder.
Almost Half of Austrians Buy Second-Hand Goods, Study Finds
Nearly 50 % of Austrians bought second-hand items last year—62 % of Gen Z—spending €300 on average. Online platforms lead a €950 M market.
Each €1 of FFG Basisprogram Funding Prompts €2.60 in Private Spending
FFG’s €330 M core grants support 1,000 firms, leverage 3.6× private R&D spending, and boost SME competitiveness.
Italy & Germany Top Fuel Prices Compared to Austria
Fuel costs on holiday: Italians and Germans pay up to €11 more for 50 L than Austrians; Croatia, Spain, Bulgaria and Turkey are cheaper.
Housing, Food, Mobility Eat 75 % of Solo Household Budget
Austria’s official subsistence level (€1,484) is €300 below calculated needs (€1,787), with families facing up to €1,118 monthly poverty gaps.
Schumann Seeks Fair, Needs-Based Social Aid Reform
Needs-based social aid reform with in-kind benefits, uniform standards, labor integration, and no blanket caps.
Minister Pushes to Restore Tax-Free Holiday Pay
Economics Minister Hattmannsdorfer proposes amending the Income Tax Act to make holiday work pay tax-exempt again for hospitality and care workers.
Austria Extends €2,300 E-Motorcycle Subsidies Despite Budget Cuts
Austria extends electric motorcycle subsidies up to €2,300 (L1e & L3e) with a €1.5 M fund, aiming to replace short-trip combustion scooters.
Austria vs. Europe: How Much Can You Buy With 1 EUR
For one euro, you can buy more in some holiday countries than in Austria. This is especially true this year for Hungary, Portugal, and Spain, according to Bank Austria’s annual “holiday euro” comparison. But in popular destinations such as Greece, Slovenia, Croatia, and Italy, Austrians can also afford more with the same money. It is […]
Austria Introduces Partial Pension
Austria’s partial-pension law lets workers draw up to 75% of accrued pension while working part-time and limits early retirement to three years.