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News
European countries will welcome winter with the lowest gas reserves in the last decade - Free Press
2+ week, 2+ day ago (604+ words) European countries could enter the new heating season with the lowest gas stocks in 13 years, raising fears of a sharp increase in prices during the winter. In the last week of August, gas storage capacity in the European Union was…...
Inflation in Austria has fallen, but citizens are still paying dearly - Free Press
3+ week, 4+ day ago (599+ words) Inflation in Austria fell to 2,8 percent in July, mainly due to cheaper food and electricity. However, fuel, transportation, restaurants and health services are still significantly more expensive, so citizens are not fully feeling the fall in inflation. Inflation in Austria…...
Austria gives billions to agriculture, and some of the money ends up with Porsche and Glock - Free Press
3+ week, 5+ day ago (240+ words) Austrian agriculture receives billions of euros in subsidies and tax breaks, but some of the funds also go to wealthy owners. The main challenge is to target the aid to small farms that are truly struggling to survive. In 2024, more…...
Electricity and gas suppliers in Austria openly reject regulators' catalogue of fair dealing - Free Press
3+ week, 6+ day ago (590+ words) The Austrian energy market remains complex for consumers, and the low rate of supplier switching shows that competition is not working well enough. Regulators believe that without greater transparency and easier comparison, citizens will have difficulty finding the best deals....
New blow to Russian oil exports: Turkey halves deliveries via the Black Sea - Free Press
4+ week, 1+ day ago (324+ words) Turkey reduced oil imports from Russian ports in July and is expected to reduce them further in August after Ukrainian drone attacks disrupted exports from Russian terminals on the Black Sea, according to data from LSEG and traders. Reuters. Because…...