Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.
The International Monetary Fund (IMF) has forecasted an improvement in Austria's economy next year, with real GDP growth projected at 1.1 per cent compared to the current economic situation.
Austrian Foreign Minister Alexander Schallenberg hailed ties with New Delhi in Vienna on Monday saying he was looking forward to more investment, exchange and more people-to-people contact between the two countries.