Austria Increases Energy Subsidies to Offset High Gas Prices
A customer fills up an extra canister at the Schindele service station in Hörbranz, Austria, on March 3.
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Austria announced energy subsidies worth 2 billion euros ($2.2 billion), including tax cuts and employee compensation, in an effort to ease the burden of rising costs on the economy.
The steps, announced by Finance Minister Magnus Brunner and Climate and Energy Minister Leonore Gewessler on Sunday, double Austria’s commitment to mitigating soaring energy costs for households and businesses.