FPÖ and ÖVP Agree on Budget with Major Public Spending Cuts
The budget plan aims to avoid an EU deficit procedure without introducing tax increases, relying instead on cuts to public spending.
Austria’s Exports Drop as Demand Weakens
The country’s four main export sectors – machinery, processed goods, chemicals and manufactured goods – all declined.
Austria Must Save €24 Billion to Fix Budget
With Austria’s economy in decline, the next government will need to tackle a €24 billion consolidation target to reduce the budget deficit.