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Austrian Economic Policy News and Analysis
Read the latest headlines about policies and laws influencing the business and investment environment of Vienna and Austria
Austrian Banks with Capital Reserves Prove Resilient Despite Downturn
Despite Austria's longest, albeit not deepest, recession since World War II, domestic banks are in robust shape. Thanks to high profits in 2024, most of which were retained to strengthen the equity base, the Common Equity Tier 1 (CET1) ratio rose to an impressive 18.6 percent by mid-2025.
November 12, 2025
Vienna Stock Exchange Launches CEE Thematic Indices on AI, Defense, and Ukraine's Reconstruction
The Vienna Stock Exchange (VSE) is reinforcing its role as a specialist for Central and Eastern Europe (CEE) and has expanded its index offering with three new, thematically focused benchmarks. The indices, which reflect the currently popular investment themes of digitalization, security, and reconstruction, are now being calculated. They offer investors the opportunity to invest specifically in companies in the CEE region that are expected to benefit from these long-term trends.
November 5, 2025
Tenth Anniversary of the ICMPD Migration Conference Calls for a “New International System”
The 10th Vienna Migration Conference (VMC), organized by the International Centre for Migration Policy Development (ICMPD), took place on October 21 and 22, 2025, marking a decade of intensive dialogue on shaping international migration policy. Over 300 delegates from politics, the private sector, academia, think tanks, international organizations, and civil society gathered to discuss sustainable migration management, the recruitment of skilled workers, and the challenges of implementing EU reforms.
October 29, 2025
19th ESPI Autumn Conference at Vienna City Hall: “Europe as a Space Power”
The call for European autonomy and resilience in a rapidly changing global landscape dominated the 19th Autumn Conference of the European Space Policy Institute (ESPI). Under the ambitious motto “Europe as a Space Power – Direction and Priorities for Strategic Action,” European and international stakeholders gathered at the magnificent Vienna City Hall on October 28 and 29, 2025, to discuss concrete ways to strengthen Europe's position in space.
October 29, 2025
High-Level Conference in Vienna Highlights the Strategic Realignment of the Caucasus and Central Asia
A high-level international conference entitled “Shifting Grounds: The Caucasus, Central Asia, and Europe in a New Global Order” was held at the Diplomatic Academy of Vienna, jointly organized by the Center for International Relations and Sustainable Development (CIRSD) and the Nizami Ganjavi International Center (NGIC). The conference focused on how profound geopolitical shifts are redefining the global balance of power and the strategic role of the Caucasus and Central Asia.
October 23, 2025
Novartis Opens Second Biotech Facility in Austria
The pharmaceutical company Novartis has commissioned its second state-of-the-art cell culture facility for the production of monoclonal antibodies in Kundl (Kufstein district). The opening of the facility, which has been invested in with a total of €500 million, along with its sister facility in Schaftenau (Kufstein district), which opened in June 2024, is seen as a strong signal for the Austrian life sciences sector. With this expansion, Novartis is creating around 100 new jobs in Kundl and strengthening its global production capacity.
October 21, 2025
Van der Bellen in the Baltic States: Strong Words for Europe's Security at the EU's External Border
The multi-day trip to the Baltic states by Austrian President Alexander Van der Bellen, together with Doris Schmidauer, began in Lithuania and highlighted the central role of European security and the strengthening of economic relations in the region.
October 20, 2025
Austria Pushes Ahead with Hydrogen Offensive: €275 Million for Four Key Projects
Austria is underpinning its ambition to become the “European hub for green hydrogen” with a massive investment: four key national projects are being funded with a total of €274.8 million. This was announced by the Ministry of Economic Affairs.
October 20, 2025
Austria's Diplomatic Offensive: Meinl-Reisinger Promotes UN Security Council Seat and New Partnerships Among Non-Aligned Countries
During her first trip to Africa following the adoption of Austria's new national Africa strategy, Foreign Minister Beate Meinl-Reisinger promoted a non-permanent seat on the UN Security Council in Kampala, Uganda. In addition to diplomacy, the talks at the summit meeting of the Non-Aligned Movement focused on harnessing Africa's enormous economic potential and strengthening cooperation in the fight against illegal migration.
October 16, 2025
Finance Minister Marterbauer optimistic: 2026 Budget Target of 4.2 Percent Deficit Remains in Place
Despite turbulence in local government, Austria is sticking to its budget target for 2026. At a press conference yesterday, Finance Minister Markus Marterbauer (SPÖ) expressed optimism that the overall government deficit would be 4.2 percent of gross domestic product (GDP), as agreed with the EU.
October 16, 2025
China's Ambassador Qi Mei Meets with Minister Hanke to Discuss Infrastructure and the Silk Road Initiative
Cooperation between China and Austria in important future-oriented areas was the focus of a meeting in Vienna between Minister Peter Hanke (SPÖ) and Chinese Ambassador H.E. Qi Mei.
October 12, 2025
Hattmannsdorfer Calls for Tough EU Action Against Hungary's Special Tax
Austria's Minister of Economic Affairs is urging Brussels to take Hungary to the European Court of Justice because the special tax imposed by Budapest burdens international retail chains such as Spar and Hofer with a discriminatory levy of up to 4.5 percent of net sales.
October 12, 2025
Trial to Begin in René Benko Case Involving Non-Transparent Cash Flows and €30 Billion in Claims
Just under two years after the spectacular collapse of the Signa empire founded by René Benko, the 48-year-old investor is facing a turning point: the first criminal trial begins next Tuesday at the Innsbruck Regional Court. While the judiciary accuses him of concealing assets from creditors, the investigating authorities still consider the “big picture” of cash flows in the opaque Signa structure to be open.
October 12, 2025
Austria With Billion-Euro Deficit in Agricultural Foreign Trade
Imports of agricultural products are rising significantly faster than exports, which is alarming industry representatives. Austria's overall agricultural foreign trade balance is falling at a rapid pace. While export volumes are stagnating, import volumes are growing.
October 8, 2025
Austria's Budget Deficit One Billion Higher Than Expected
The Austrian economy faces far-reaching challenges: while the overall government budget deficit for 2025 is forecast to be one billion euros higher than originally assumed, massive bankruptcies, including that of Süba AG and the Höhrhan Group, are shaking the real estate and automotive supply industries.
October 5, 2025
Austria Focuses on “Continent of Opportunity” with National Africa Strategy
The federal government has given the green light in the Council of Ministers for the development of a comprehensive, nationwide Austrian Africa strategy. The strategy aims to raise relations with the African continent in the areas of economy, security, migration, education, and culture to a new, structured level.
October 2, 2025
Russian Diplomat Expelled Following OMV Espionage Case
Just a few days after a suspected espionage case at the Austrian oil, gas, and chemical company OMV came to light, Austria has declared a Russian diplomat “persona non grata.” The high-ranking employee of the Russian Embassy in Vienna has already left the country.
September 30, 2025
OMV in Espionage Scandal: CEO Alfred Stern Reassures, Adnoc Relationship to Remain Uncompromised
A suspected espionage case at Austria's largest energy company, OMV, has caused a stir in recent days. While the authorities are investigating a long-standing employee suspected of having supplied sensitive data to the Russian secret service, OMV CEO Alfred Stern is trying to smooth the waters. Stern emphasizes that the incident will not strain the long-standing partnership with major shareholder Adnoc from Abu Dhabi.
September 22, 2025
Austria's Confidence in the EU is Dwindling: A Reflection of Global Uncertainty
The mood among Austrians toward the European Union is tense. A recent survey by the Austrian Society for European Policy (ÖGfE) shows that only 61% of respondents are still in favor of remaining in the EU. This represents a significant decline compared to previous surveys and reflects the growing uncertainty among the population.
September 21, 2025
Low-Cost Airlines Retreat from Vienna: Are Higher Prices and Location Disadvantages Looming?
Vienna International Airport is facing challenges as low-cost airlines Wizz Air and Ryanair are drastically reducing their presence. Wizz Air is withdrawing all five of its stationed aircraft and abandoning Vienna completely, while Ryanair is relocating three of its jets. Both companies cite excessive costs in Austria as the reason for this move. This development has reignited the debate about Vienna as a tourist and business location.
September 18, 2025
Austria Fails in Lawsuit Against EU Taxonomy on Nuclear Power and Gas
Austria's lawsuit against the classification of nuclear power and natural gas as sustainable energy sources has failed before the European Court of Justice (ECJ) in Luxembourg. The court upheld the decision of the EU Commission, which had expanded the EU Taxonomy Regulation to include these forms of energy in 2022.
September 10, 2025
Problems in the Austrian Education System as per the OECD: High Expenditure, Low Success
A recent study by the Organization for Economic Cooperation and Development (OECD) entitled “Education at a Glance” paints a critical picture of the Austrian education system. Despite high spending per student—US$16,604 in 2022 compared to an OECD average of US$11,843—Austria lags in key areas.
September 9, 2025
Herbert Kickl Considers Russian Gas as a Solution to the Economic Crisis
Amidst an ongoing economic crisis and rising living costs, FPÖ party leader Herbert Kickl presented his proposed solutions at the latest “summer talks.” His argument centers on a radical change of course in energy policy and far-reaching savings in the national budget.
September 9, 2025
OPEC+ Continues to Turn Up the Oil Tap
The OPEC+ oil-producing countries, led by Saudi Arabia and Russia, have announced a further increase in their crude oil production. From October 2025, daily production will be increased by an additional 137,000 barrels (159 liters each). This move is part of a strategy aimed at gradually reversing previous production cuts and regaining market share.
September 7, 2025
Negotiations on Iran's Nuclear Program: Tehran Hints at Concessions
Iran has signaled its willingness to limit its nuclear program under strict supervision, but in return is demanding the lifting of international sanctions.
September 7, 2025
Bajaj-Teaser Causes a Stir: Will KTM's Future be Manufactured in India?
The relaunch of the long-established motorcycle manufacturer KTM after overcoming insolvency is being overshadowed by new uncertainties. Statements made by Rajiv Bajaj, CEO of Indian major shareholder Bajaj Auto, have sparked a heated debate about the future of the production site in Mattighofen.
September 3, 2025
Prices in Vienna for Public Transport, Parking, and Local Taxes Are Going Up
The city of Vienna has announced far-reaching price increases for public transport, parking fees, and the city tax. These measures, which will come into effect on December 1, 2025, and January 1, 2026, respectively, are intended to help consolidate the city's budget.
September 2, 2025
European Forum Alpbach 2025 Breaks records and Looks to the Future of Europe
This year's European Forum Alpbach (EFA) ended with a new record number of participants. Under the motto “Recharge Europe,” around 4,700 participants from 127 countries gathered to discuss the renewal of Europe and find solutions to the most pressing challenges of our time. The event also marked the 80th anniversary of the forum, which has established itself as one of the leading conferences on the future of Europe.
September 1, 2025
WIFO Chief Calls for Tougher Stance in Tariff Dispute with the U.S.
In the ongoing tariff dispute between the European Union and the United States of America, Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (WIFO), advocates a reorientation of the European negotiating strategy.
August 28, 2025
Industry Concerned About Brain Drain From Austria
A recent study commissioned by the Federation of Austrian Industries (IV) highlights an alarming issue, as highly qualified workers are leaving Austria. While immigration figures overall exceed emigration, the composition of migration flows raises concerns.
August 27, 2025
Austria's Public Education Expenditure in the Lower Middle Range of the EU
A report published today by the European Commission entitled “Investing in Education 2025” shows that public investment in education in the European Union is increasing again, but has not yet reached pre-COVID-19 pandemic levels.
August 27, 2025
Lufthansa Centralizes Power: AUA Loses Authority, But Expects Positive Effects
The Lufthansa Group, which also includes Austrian Airlines (AUA), is planning a far-reaching restructuring of the group that will concentrate more power at its Frankfurt headquarters. Following the plan, the subsidiaries, including Swiss and Brussels Airlines, will relinquish responsibilities starting at the beginning of next year.
August 25, 2025
Broad Criticism, Including from Austria, of New Tariffs Deal Between the U.S. and the EU
The trade deal between the United States and the European Union, which was announced by both sides with pride, may have averted a looming escalation in the trade dispute. Still, it has been widely criticized in political and economic circles. While EU Commission President Ursula von der Leyen and Trade Commissioner Maros Sefkovic defended the agreement as a “breakthrough” and “the best possible outcome,” numerous member states and business representatives, including many voices from Austria, see and feel significant disadvantages for the EU and are calling for renegotiation.
August 20, 2025 · Updated: August 21, 2025; 12:46
AT&S and European Partners Revolutionize Electromobility with Research Project “HiPower 5.0”
In a step forward for the European microelectronics and mobility industry, leading technology companies and research institutions in Europe have launched the EU research project “HiPower 5.0.” Coordinated by Austrian mobility technology company AVL List GmbH and with Austrian microelectronics manufacturer AT&S as a strategic partner, the project aims to develop intelligent and highly compact drive solutions for the automotive and shipping sectors that enable greater efficiency and range.
August 14, 2025
Economic Recovery According to WIFO Still a Long Way Off in Austria
While the economy in the eurozone has largely stabilized, Austria remains in a phase of stagnation, according to the latest economic report from the Austrian Institute of Economic Research (WIFO). Domestic growth is stagnating, the labor market is weakening, and inflation is rising again more sharply. Industry in particular is in a prolonged recession, while only public services are showing momentum.
August 11, 2025
Austria Calls for “Roam Like at Home” for the Western Balkans Too
Austrian state secretaries are calling for equal treatment in roaming charges and appealing to the EU to include the countries of the Western Balkans in the upcoming roaming regulations. Similar to Ukraine, which is to be integrated into the EU roaming area from 2026, the Austrian representatives see the need to give the accession candidates in the Western Balkans a clear perspective in everyday digital life.
August 11, 2025
UNODC: War is Transforming Ukraine's Criminal Landscape
The war in Ukraine has significantly altered the country's criminal landscape and caused considerable social and economic damage. In a report, the United Nations Office on Drugs and Crime (UNODC) examined the development of organized crime in the fourth year of the war and found that criminal groups have adapted their business models to the new reality.
August 6, 2025
Chinese Ambassador QI Mei Strengthens Relations During Working Visit to Salzburg
China's ambassador to Austria, QI Mei, used the Salzburg Festival as an opportunity to strengthen relations between China and Austria. She paid an official working visit to the province of Salzburg, which was marked by political exchange, cultural diplomacy, and economic cooperation.
August 3, 2025
FPÖ Warns of Impending Gas Shortage and Dependence on the U.S.
The FPÖ is sounding the alarm and urgently warning the EU of an impending gas shortage that could be triggered by the Union's climate targets and possible supply stoppages from abroad. In a recent press release, the party once again describes EU climate policy as unrealistic and a threat to Europe's prosperity and competitiveness, warns against the U.S., and defends Russia.
August 3, 2025
EU Approves 1.6 Billion Euros for Comprehensive Reforms in Austria
The European Commission today approved Austria's second payment request for €1.6 billion from the NextGenerationEU recovery plan. In doing so, the Commission confirms that Austria has successfully met the ambitious 67 milestones and targets for the second and third installments.
July 30, 2025
OPEC Fund Development Forum 2025: Global Partners Seek Ways to Build a Stronger Future
The international development community is gathering in Vienna for the fourth OPEC Fund Development Forum. Under the theme “A Transition that Strengthens Our Tomorrow,” more than 500 high-level representatives, including heads of state, ministers, and heads of international institutions, are coming together in the historic setting of the Hofburg Imperial Palace to discuss pressing global challenges.
July 29, 2025
Rubio Received Meinl-Reisinger: Focus on Trade, Global Tensions, and the Transatlantic Partnership
Austrian Foreign Minister Beate Meinl-Reisinger traveled to Washington to meet with her U.S. counterpart, Marco Rubio, to reaffirm bilateral relations and discuss pressing global challenges. The focus was on issues important to Europe, such as transatlantic trade dialogue, the wars in Ukraine and the Middle East, and stability in the Western Balkans.
July 28, 2025
Uganda Opens New Vienna Mission to Power Nuclear Energy Ambitions
Uganda has strengthened its commitment to nuclear energy development with the establishment of a new diplomatic mission in Vienna. This strategic move is primarily aimed at enhancing collaboration with the International Atomic Energy Agency (IAEA) as Uganda accelerates its efforts to harness nuclear power for domestic electricity generation.
July 24, 2025
Austria on Course for a Digital and Sustainable Era in Europe
The Austrian federal government has presented a positive mid-year review of its work for the first half of 2025. Chancellor Christian Stocker, Vice-Chancellor Andreas Babler, and Foreign Minister Beate Meinl-Reisinger presented the progress made in implementing the government program and reaffirmed the goal of making Austria future-proof, securing prosperity, strengthening competitiveness, and advocating for a strong Europe, as Chancellor Stocker reiterated during his trips to Italy and France.
July 21, 2025
Austria's Debt Relief: A Focus on Billions
Since the turn of the millennium, Austria has waived debts amounting to around €3.4 billion owed to other countries. This information is based on a recent parliamentary response from the Ministry of Finance, which has drawn particular criticism from the Freedom Party of Austria (FPÖ).
July 16, 2025
Myanmar Takes Over Chairmanship of ASEAN Committee in Vienna
Myanmar has assumed the chairmanship of the ASEAN Committee in Vienna (ACV). Ambassador Min Thein of Myanmar has pledged to continue ongoing initiatives and further strengthen the unity and commitment of the diplomatic missions of the ASEAN countries in Vienna. The handover took place during the 63rd meeting of the committee, which was chaired by Laos' chargé d'affaires in Austria, Viengxay Thammavong.
July 15, 2025
Vienna Airport Defies Global Challenges with Strong Half-Year Results
Vienna International Airport (VIE) experienced solid passenger growth in the first half of 2025, despite a slight decline in June, attributed to the ongoing conflict between Iran and Israel. A total of 14.7 million passengers traveled through Vienna Airport between January and June, representing a 2.4 percent increase compared to the same period last year.
July 15, 2025
ICMPD Director General Michael Spindelegger: Europe Ten Years After the Refuge Crisis
Ten years after the so-called “refugee crisis” of 2015, Europe is taking stock of its migration policy. While enormous progress has been made in addressing the challenges, experts such as Michael Spindelegger, Director General of the International Centre for Migration Policy Development (ICMPD), warn that the region continues to face growing complexities and political tensions.
July 14, 2025
Austria's Former Top EU General Brieger Urges Massive Increase in Military Preparedness
After three years at the helm of the European Union's Military Committee, former Austrian Chief of Staff Robert Brieger returns to Vienna and urges Europe, and Austria in particular, to drastically increase its defense readiness in light of the ongoing threat from Russia. Brieger calls for a paradigm shift—away from the Austrian Armed Forces as a disaster relief force and toward a combat-ready national defense army. A critical examination of Austrian neutrality is “inevitable” in this context.
July 14, 2025
Austria, Bavaria, and Italy Push for Digital Slot System for Brenner Transit
To alleviate the long-standing congestion on the Brenner transit route, Austria and Bavaria are collaborating with Italy to implement a digital slot system for truck journeys. This initiative was agreed upon by Bavarian Minister-President Markus Söder and Austrian Chancellor Christian Stocker during Söder's working visit to Vienna.
July 10, 2025
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