Category: Austria

Fitch Ratings has affirmed Austria’s AA+ credit rating but revised its outlook from “stable” to “negative,” signaling potential future downgrades that could increase borrowing costs. The agency cited a higher-than-expected 2024 budget deficit, deteriorating macroeconomic conditions, and anticipated EU deficit procedures as key factors. Political fragmentation following the 2024 parliamentary elections has impeded fiscal consolidation […]

The Austrian Foreign Ministry has issued a circular to its embassies worldwide, addressing international concerns over the potential leadership of Freedom Party (FPÖ) chief Herbert Kickl in a new government. The document, shared as coalition talks between the FPÖ and the conservative Austrian People’s Party (ÖVP) loom, emphasizes Austria’s reliability as a European and global […]

According to media reports, political tensions have reached a boiling point in Austria as thousands of citizens gathered in Vienna’s Ballhausplatz to protest against the potential coalition between the Freedom Party of Austria (FPÖ) and the Austrian People’s Party (ÖVP). The demonstration, held under the banner “Alarm for the Republic,” reflects widespread concerns over what […]

The European Court of Justice (ECJ) ruled that regulatory authorities cannot dismiss data requests or complaints as “excessive” based solely on their volume. The decision, announced Thursday, clarifies the EU General Data Protection Regulation (GDPR) and demands that authorities prove abusive intent behind such submissions. The case arose when Austria’s Data Protection Authority refused to […]

Austria’s political stage has entered 2025 with significant upheaval, as prospects for a coalition between the far-right Freedom Party (FPÖ) and the conservative Austrian People’s Party (ÖVP) dominate discussions. The ÖVP’s pro-business faction is believed to have pushed this alliance by derailing talks with the Social Democrats (SPÖ) and the NEOS, sparking blame across the […]

VIENNA – Police in Vienna are warning residents about a new and dangerous method being used in burglaries, involving nitric acid to break into homes. On Monday, a burglary was successfully carried out, and two more attempts were made in a multi-apartment building in the Landstraße district, according to police spokesperson David Pawlik. A specialized […]

VIENNA, Jan 7 (Reuters) – Austrian far-right Freedom Party (FPO) leader Herbert Kickl called on the conservative People’s Party (OVP) to be “honest” in their imminent coalition talks or face the prospect of a snap election, with his support still rising and the OVP’s falling. The eurosceptic, Russia-friendly FPO, an ally of Hungarian Prime Minister […]

Austria is heading for a major political change as President Alexander Van der Bellen has asked Herbert Kickl, the leader of the far-right Freedom Party of Austria (FPÖ), to form a new government. This decision follows the FPÖ’s clear victory in parliamentary elections three months ago. Earlier efforts to create a coalition government with the […]

Austria finds itself at a political crossroads, its centrist reputation shaken by the ascent of Herbert Kickl and the far-right Freedom Party (FPÖ). Once a divisive figure branded a “political pariah,” Kickl is now poised to lead the nation, with the Austrian People’s Party (ÖVP) edging toward an alliance that would have been unthinkable just […]

In a dramatic turn of events, attempts to form Austria’s first-ever three-party coalition have failed, setting the stage for political uncertainty and potential elections. Talks between the conservative Austrian People’s Party (ÖVP), the Social Democrats (SPÖ), and the liberal Neos broke down after weeks of negotiations. The Neos officially pulled out on Friday, citing a […]