Austrian Economic News and Analysis

Austria Calls for “Made in Europe” as Response to U.S. Tariff Chaos

Transatlantic trade relations are heading toward an all-time low. While U.S. President Donald Trump reiterated in his recent State of the Union address that protectionist tariffs remain a permanent part of his “America First” strategy, Europe is pulling the emergency brake. Austrian Minister of Economic Affairs Wolfgang Hattmannsdorfer (ÖVP) described the current halt to the planned EU-U.S. tariff deal as “the only correct response” and called for a radical strategic reorientation of European economic policy.

February 25, 2026

High Flying in the Innviertel Region: FACC Makes History in 2025 with Record Sales

While the global aviation industry continues to struggle with supply chain problems, Upper Austrian aerospace group FACC has announced a historic milestone. With record sales and a massive jump in profits, the ATX Prime-listed company is consolidating its position as one of the world's leading technology partners in the industry.

February 25, 2026

Conference in Vienna on Logistics Concerning Europe's Crisis-Ridden Supply Chains

Resilience instead of pure efficiency: Leading experts from business and science discussed the future of global trade at the Palais Niederösterreich. The focus was on geopolitical tensions, digital transformation, and the presentation of the “Logistics Oscar” to a pioneering German project.

February 24, 2026

High-tech from Styria in Russian Drones: How Sanctions are Being Circumvented

The characteristic rattling sound, reminiscent of an old moped, has become a harbinger of death for millions of Ukrainians. But there is much more than simple technology inside Russia's “Geran-2” kamikaze drones: international research has now revealed that, despite the strictest EU sanctions, components from at least 19 European companies – including Styrian sensor specialist Ams-Osram – have found their way into the Kremlin's arsenal.

February 19, 2026

Vienna Ball Season 2025/26: A Record Year of Superlatives

Vienna has once again proven itself to be the world capital of dance in the 2025/26 ball season, which has just come to an end. With a historic record number of visitors and a massive increase in revenue, the Vienna Chamber of Commerce (WK Wien) is celebrating a triumphant outcome. But this success also brings challenges: demand from abroad is now so high that capacities are reaching their limits.

February 19, 2026

Bridges to an Uncertain Future: Infrastructure and Emerging Markets as Anchors in 2026

In a world that is undergoing a realignment between geopolitical upheavals and technological quantum leaps, investors are seeking stability. The current balance sheet of Raiffeisen Capital Management (RCM) and the analyses of the Raiffeisen Investment Forum last year paint a clear picture: the path to successful returns in 2026 will be via tangible assets and the courage to differentiate regionally.

February 19, 2026

Austria's Export Economy: Getting Through the Crisis Year 2025 with a “Black Eye”

The Austrian export industry looks back on a turbulent year. As the latest figures from the OeNB export indicator for January 2026 show, nominal goods exports shrank by 0.7% in 2025 as a whole. In real terms—i.e., adjusted for price changes—the decline was slightly more pronounced at 1.4%. Nevertheless, economists are cautiously optimistic: given the global upheavals, the domestic economy has come through relatively unscathed.

February 10, 2026

ICMPD and Migration 2026: A “Window of Opportunity” for Europe

The International Centre for Migration Policy Development (ICMPD) has published its eagerly awaited “Migration Outlook 2026.” While the number of irregular arrivals in the EU is falling, the organization warns against a false sense of calm. The new Director General, Susanne Raab, calls for the decisive implementation of the EU Asylum Pact.

January 29, 2026

Real Estate Market 2025: Salary Increases and Inflation Make Housing More Affordable Again

The Austrian real estate market presents a paradoxical picture at the beginning of 2026: while prices are rising on paper, home ownership is actually becoming more affordable. New data from the Austrian National Bank (OeNB) shows that the combination of strong wage growth and falling real valuations has significantly improved “affordability.”

January 29, 2026

Vienna as a Bridge to Latin America: Austria Becomes a Pioneer Donor for Urban Development

In a groundbreaking round of consultations, Austria has consolidated its role as a strategic partner to Latin America. The Republic is the world's first donor to support the Inter-American Development Bank's (IDB) new “Cities and Regions” program. This positions Vienna as a central hub for sustainable urbanization and economic cooperation shortly before the IDB's major annual meeting in Paraguay.

January 28, 2026

Building Bridges Across the Atlantic: U.S. Embassy Promotes Investment from Austria

Economic ties between Austria and the United States are becoming closer. Following the successful conclusion of the “Destination USA” investment roadshow event in Vienna, the U.S. Embassy has given a positive assessment. The goal is clearly defined: to support Austrian companies in gaining a foothold in the world's largest economy.

January 28, 2026

Cost Pressures Make Museum Tickets More Expensive

Anyone wishing to visit the magnificent halls of Austria's federal museums these days will have to dig deeper into their pockets than ever before. While institutions such as the Belvedere and the Kunsthistorisches Museum (KHM) are celebrating record visitor numbers, massive cost pressures are leading to drastic price increases. For many art lovers, visiting museums is thus becoming increasingly difficult to afford.

January 26, 2026

Vienna Budget Turnaround: Deficit Surprisingly Shrinks to €2.8 Billion

The federal capital's 2025 financial year is taking an unexpected turn. According to the latest forecasts from Mayor Michael Ludwig's (SPÖ) office, the budget deficit will be significantly lower than originally feared at €2.8 billion. While the city government is hailing this as a success, the opposition is voicing sharp criticism.

January 25, 2026

"Continent of Opportunity": Austria Plans New Strategic Partnership with Africa

Austria's Foreign Minister Beate Meinl-Reisinger (NEOS) is pushing for a reorientation of Austrian foreign policy. With a comprehensive “Africa strategy,” the federal government wants to win over the rapidly growing continent not only as a recipient of development aid, but also as an equal economic and security partner.

January 21, 2026

After 25 Years Mercosur Agreement Reached: Austria Torn Between Export Euphoria and Farmers' Fears

After a quarter of a century of negotiations, the European Union has paved the way for the world's largest free trade agreement. While Austrian industry is calling it a “historic milestone,” the agricultural sector is bitterly disappointed.

January 12, 2026

OPEC+: Alliance of Eight Countries Slows Oil Production Until Spring 2026

In a time of global economic uncertainty and heightened geopolitical tensions, OPEC+ remains a dominant force in the worldwide oil industry. At a virtual meeting, the eight leading member states decided to suspend the planned production increases for the coming months for the time being.

January 12, 2026

Between Fiscal Discipline and a Wave of Bankruptcies in Austria: Finance Minister Marterbauer Slows Down Ahead of Government Retreat

Before the start of the government retreat, Finance Minister Markus Marterbauer (SPÖ) drew a clear red line. Despite a historic record year for corporate insolvencies, he warns against “expensive wishes” from the business community. While the industry is insisting on relief, the Ministry of Finance is focusing on targeted structural support rather than broad tax cuts.

January 12, 2026

Dance Fever Defies Economic Downturn: The 2026 Ball Season as an Economic Driver

While the Austrian economy is struggling to emerge from recession, a long-standing tradition is ensuring full coffers in the retail sector: the ball season. Despite tight budgets, Austrians are not letting anything dampen their enthusiasm for dancing. According to the latest Consumer Check by the Austrian Retail Association, one in six citizens (17%) plans to attend at least one dance event this year. The younger generation, in particular, is driving this trend forward.

January 8, 2026

CEOs Ranked for 2025: ORF Chief Weißmann Reigns Over Austria's Business Elite

Those who feature in Austria's media landscape often determine the country's discourse. The current CEO ranking by PR service provider APA-Comm for the period from October 2024 to September 2025 shows that a historic music event and shifts in sporting power have shaken up the ranking of the most prominent company bosses. While an old acquaintance triumphs at the top, the proportion of women in executive positions is struggling with a severe setback.

December 29, 2025

Fight Against Human Smugglers: ICMPD Susanne Raab Calls for “Real Alternatives” to Illegal Migration in Brussels

New global strategies against migrant smuggling were presented in Brussels. Susanne Raab, the designated Director General of the International Centre for Migration Policy Development (ICMPD), used the stage of the second international conference of the Global Alliance against Human Trafficking to make a clear plea for legal migration routes and increased protection against human trafficking.

December 18, 2025

Former Pornhub Owner and Austrian Bergmair Eyes Lukoil's Foreign Business Under US Sanctions

According to insiders, Austrian businessman Bernd Bergmair, known as the former majority owner of the porn platform Pornhub, is considering investing in the foreign holdings of Russian oil giant Lukoil.

December 3, 2025

Vienna Summit on AI Regulation: Poland Presents Implementation of the AI Act

Central European experts gathered in Vienna to debate the future of artificial intelligence (AI). The high-profile event, entitled “Artificial Intelligence - Global Perspectives. Regulation, innovation and Impact across Industries,” was jointly organized by the Polish and Slovenian embassies in Vienna, with the support of the Diplomatic Academy of Vienna.

December 2, 2025

Austria Finalizes Billion-Dollar Purchase: Twelve Italian Leonardo M-346-FA Jets to Replace Swedish Saab 105

Austria has completed the purchase of twelve Leonardo M-346-FA jets from Italy. This was announced by Defense Minister Klaudia Tanner and Economy Minister Wolfgang Hattmannsdorfer (both ÖVP). The new weapon-capable subsonic jets close a capability gap that had existed since 2020 due to the decommissioning of the Saab 105.

November 30, 2025

EUSALP Annual Forum in Innsbruck Concludes With New Joint Action Plan

Cross-border cooperation in the Alpine region has reached a new milestone. At the General Assembly and Annual Forum of the EU Strategy for the Alpine Region (EUSALP) in Innsbruck, the new EUSALP Action Plan was adopted, setting out the strategy for the next ten years. At the same time, EUSALP, which brings together seven countries and 48 regions, celebrated its 10th anniversary and marked the end of the Austrian-Liechtenstein co-presidency in 2025.

November 26, 2025

Austria On Track: EU Commission Accepts Deficit Plans Despite Surprises

As part of its autumn package for the European Semester, the EU Commission has given Austria a positive assessment of its progress in the ongoing deficit procedure. Despite the expected higher budget deficits, particularly in some federal states, Vienna is certified to be on track to comply with EU requirements. No new requirements are expected for the time being. At the same time, the government's eagerly awaited industrial strategy is coming into focus, with leading economists calling for a “European dimension.”

November 25, 2025

OPEC and GECF Warn of Energy Crisis: Trillions in Investments in Oil and Gas Urgently Needed

At their Sixth High-Level Energy Dialogue in Vienna, the Organization of Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) issued an urgent appeal to the international community: in view of record-breaking growth in demand, massive and long-term investment in oil and gas production is essential. Without sufficient funding, there is a risk of a shortage in supply security.

November 23, 2025

India to Host Global AI Impact Summit 2026

India is positioning itself as a global pioneer in responsible and inclusive artificial intelligence (AI). The country will host the India–AI Impact Summit 2026 in New Delhi on February 19 and 20, 2026. This is also being promoted by the Indian Embassy in Vienna.

November 20, 2025

STRABAG's Order Backlog Exceeds 30 Billion Mark for the First Time

The listed construction services technology group STRABAG SE reached a historic milestone in the first nine months of 2025: its order backlog rose by a remarkable 24 percent to a new record level of EUR 31.4 billion.

November 13, 2025

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

French Ambassador Peyraud Strengthens Relations in Salzburg and Klagenfurt

Ambassador Matthieu Peyraud of the Republic of France to Austria made two important visits to the provinces of Salzburg and Carinthia in the fall of 2025 to further deepen political, economic, and cultural ties between France and Austria. The focus of the visits was on the region's economic potential and on opportunities to strengthen cooperation between Carinthia and Salzburg with France. These efforts by France and Austria to strengthen their bilateral relations were also initiated by a French Senate delegation's visit to Vienna, and France's interest in the “Vienna model” of social housing is also growing.

November 4, 2025

Bridge to Riyadh: 15th Arab-Austrian Economic Forum Highlights “Vision 2030”

The 15th Arab-Austrian Economic Forum, organized by the Austro-Arab Chamber of Commerce (AACC) and the Saudi Authority for Industrial Cities and Technology Zones (MODON), serves as a central platform for deepening economic relations between Austria and Saudi Arabia in light of Saudi Vision 2030.

October 30, 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

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

EU Initiates New Proceedings Against Austria: Delays in Payment Services and Drinking Water

The European Commission has initiated two further infringement proceedings against Austria and several other Member States. The reason for this is that Vienna is lagging in the correct implementation of EU directives in the areas of payment services and drinking water.

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

Croatian Businesses Showcase Their Activities at Schönbrunn Palace

The Croatian Economy Day took place in the imperial setting of the Gloriette in Schönbrunn Palace Park. Over 200 guests took the opportunity to engage in direct dialogue with around 40 Croatian companies. The event, organized by the representative office of the Croatian Chamber of Commerce (HGK) in Vienna, once again underscored the close and growing economic partnership between Austria and Croatia.

October 6, 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