Public transport in Vienna becomes more expensive/ Lack of funds and high deficit drive price increase after 13 years
A lack of public funds is forcing Vienna to raise the price of its annual public transport ticket for the first time in 13 years, removing the offer of unlimited travel on buses, trams and the metro for one euro per day.
Citizens of the Austrian capital will have to pay at least 461 euros for an annual ticket from January, a 26% increase from the current price of 365 euros, the public transport company announced.
The change, which still ranks Vienna as one of the most affordable European capitals for public transport, is a blow to key policies of the Social Democratic Party, which has led the city since 1945. In 2012, the capital lowered the price of the annual ticket from 449 to 365 euros, hoping to encourage further use of public transport.
Almost 1.3 million Viennese residents, making up about 65% of the city's population, owned an annual ticket last year, compared with about 768,000 in 2012. The city has announced austerity measures to curb a projected budget deficit of 3.8 billion euros this year.
Vienna lost its place as the world's most liveable city this year to Copenhagen, according to the Economist Intelligence Unit. The factors that brought about the change in the ranking were growing security concerns after the discovery of several plots for terrorist attacks.

Private pensions, over 3 thousand new contributors in 6 months/ AFSA: New record also in the net assets of the funds. However, passive members increase
Living on a state pension alone is becoming increasingly difficult for the elderly in Albania, especially those living alone. The main support continues to......

Albanian passports, the most sought after / January–June, 400 people applied to gain citizenship
The number of Albanians who have applied to renounce their citizenship has dropped by almost three times during the first six months of 2025, compared to the......

Pensions, a "time bomb" - France pays about 400 billion euros/year, the reform could "kill" another prime minister
France's Prime Minister François Bayrou, who faces a confidence vote next week, has blamed his 19 million over-60s for the collapse of the country's......

Energy production from floating TPPs/ KESH aims to purchase 15 thousand tons of fuel, opens tender
The Albanian Power Corporation will purchase 15 thousand tons of fuel, which will serve for the production of energy from the 2 floating TECs, located in......

Debts to businesses and citizens, 99 million euros/6 months, stock of liabilities for court decisions decreases
Central and local government debts to businesses and citizens have been increasing throughout this year. According to official data from the Ministry of......

Energy purchases from KESH/ Unfavorable hydro year, total bill reaches 159 million euros
The unfavorable water situation has forced the Albanian Power Corporation to develop several energy purchasing procedures in recent weeks, in order to meet......

What are businesses borrowing for? Financing is geared towards equipment. Companies avoid exchange rate risk
In July 2025, Albanian businesses took out a total of 19.1 billion lek in new loans, but how they used this money says a lot about their priorities and......

Oman offers golden visas to foreigners/ Lowers investment threshold and guarantees long-term stays for entrepreneurs
Oman has officially launched a program to favor long-term residency permits, aiming to attract foreign capital and skilled professionals from abroad. The......