Barbara Kolm
Takeda is Cutting up to 200 Jobs in Vienna and Putting its New Seestadt Lab on Hold
A month ago, the Japanese Embassy, the local government, and Takeda celebrated the opening of new office buildings and the partnership between the two countries. Additional projects and the expansion of Takeda's infrastructure and workforce were also underway at the same time. It was supposed to be a milestone for Austria as a hub for research and innovation, but now reality has set in: Japanese pharmaceutical giant Takeda is embarking on a massive restructuring.
June 23, 2026
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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