Family and Child Benefits Frozen Until 2027
Austria is freezing family allowance and childcare benefits until 2027, saving over €300 million.
Austria’s Federal Bonds Attract €4 Billion in One Year
Austria’s federal bonds have attracted €4 billion in investments and 110,000 accounts, offering secure returns of up to 2.75% with no fees.
Government Plans Pension Reform: 63 Is New Early Retirement Age
Austria plans major pension reforms in 2026, including raising the corridor retirement age to 63 and introducing a partial pension.
Austria’s Unemployment Rises to 7.3% with 392,600 Job Seekers
Austria’s unemployment rose 6.7% in April, with long-term and youth joblessness increasing sharply.
Labor Costs in Austria Surpass Germany and France
Austria’s labor costs rose to €44.05 per hour in 2024, among the highest in the EU, with manufacturing reaching €49.40—well above the EU average of €33.50.
Austria Demands EU Action Against Temu, Shein, AliExpress
Austria and Greenpeace call for stricter EU rules on Temu, Shein, and AliExpress, citing unsafe products, unfair competition, and a flood of cheap imports from Asia.
CEE to Outpace Eurozone in 2025
Eastern Europe will maintain strong growth in 2025 despite global trade tensions, supporting Austria’s economy.
Only 43% of Austrian Firms Report Positive Business Outlook
Austrian businesses report the weakest outlook since 2020, with rising costs and falling sales.
Vienna, Tyrol and Salzburg Rentals Surpass €20/m² for First Time
Rental asking prices in Austria climbed 4% in Q1 2025 to €14.90/m², with Vienna, Tyrol and Salzburg breaking €20/m², ImmoScout24 reports.
Austria Invests €16.1 B in R&D in 2024
Austria’s R & D spending rose to €16.1 billion in 2024, lifting intensity to a record 3.35 % of GDP.