Barbara Kolm

Austria's Economy: Once Again Bringing Up the Rear in EU Growth

Austria once again ranks among the bottom performers in the European Union in terms of economic development in 2026. The EU autumn economic forecast, presented in Brussels, predicts only 0.9 percent growth in gross domestic product (GDP) for the Alpine republic, the third-lowest figure among all EU countries. Only Ireland (+0.2 percent) and Italy (+0.8 percent) are expected to perform worse.

November 17, 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

Austrian National Bank Seeking Successors for Top Jobs

The Board of Governors of the OeNB Austrian National Bank has published a recruitment announcement for the new central bank governor, vice governor and two members of the Management Committee. Applications can be submitted until 5 December, according to the official gazette of the "Wiener Zeitung".

November 5, 2018
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