Vienna Airport Drops €2 Billion Third Runway Plan
Vienna Airport cancels long-planned third runway after rising costs, delays, and airline opposition; future expansion still possible.
ÖVP and SPÖ Reach Budget Deal in Coalition Talks
It is unclear whether the agreement includes scrapping the climate bonus and education leave or raising the retirement age.
Austrian Retail Rises in 2024 Despite Economic Gloom
The country’s retail sector saw sales rise by 2.7% in nominal terms and 0.9% in real terms in 2024, reaching €77.2 billion.
Tyrol’s Tech Scene Grows but Needs More Investment
The IT and tech industry in Tyrol currently employs 7,500 people and generates an annual turnover of around €1.2 billion.
Inflation Rises to 3.3% in January
The main contributors to inflation were the services sector, which increased by 4.7%, and energy, which rose by 3.7%.
More Consumers in Austria Turning to Credit as Borrowing Grows
Young people aged 14 to 29 are the keenest to spend, with 51% planning major purchases over the next 12 months.
Austrian Company Mergers and Acquisitions Rise in 2024
The €803 million sale of Cellnex’s Austrian mobile towers to a Franco-German consortium was among the biggest deals of 2024.
Skills Shortage Biggest Worry for Austrian Businesses
Some 67% of the 500 companies surveyed described the skills shortage as a “very” or “fairly” serious problem.
FPÖ-ÖVP: Savings Plan to Abolish Klimabonus and Education Leave
Key measures in the package include scrapping the climate bonus and education leave, while raising federal fees.
What Are the Top-Paying Industries in Austria?
These are the top-paid jobs in Austria as of 2025. Banking, IT and Internet, and Pharmaceuticals top the list.