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.
Government Announces Pension Increase For 2025
Pensions in 2025 will rise by the statutory adjustment factor, which is expected to be between 4.5% and 4.7%.
Majority of Austrian Citizens Oppose Inheritance Tax
The survey also indicates that 36% of respondents believe they and their families would be impacted by such a tax.
Vienna Prepares for Taylor Swift Concerts
Many of the preparations are being kept secret, though the football pitch’s grass turf has already been removed.
Vienna Airport Seizes Large Amount of Drugs and Cash
In the first half of 2024, customs officers at Vienna Airport have seized over 120 kilograms of narcotics and €1.2 million in undeclared cash.
Taylor Swift Shows Could Boost Vienna’s Economy by €100 Million
Swift’s 152-date Eras Tour has already become the highest-grossing concert series of all time, with last year’s US leg earning over $1 billion (€920 million).
Austria to Break EU Budget Rules, Think Tank Predicts
The Institute of Advanced Studies predicts that Austria’s government deficit will reach 3.0% of gross domestic product (GDP) in 2024, exceeding the official EU threshold.
Historic Vienna Car Parts Factory to Close
The plant began operations in 1982, employing nearly 2,800 people at its peak in the 1990s, but now only 150 remain.
High Bankruptcy Numbers Expected in 2024
Nearly 2,100 business bankruptcies have been filed so far this year, marking the highest number in a half-year period in 15 years.
Half of Austrians Save Their Holiday Bonuses
In addition to travel, holiday pay is used for everyday essentials like groceries or household items, as well as for larger purchases such as cars or furniture.