Overview
- The conservative ÖVP, social-democratic SPÖ, and liberal Neos have agreed to form Austria's first-ever three-party coalition government after 150 days of negotiations.
- Christian Stocker (ÖVP) will serve as Chancellor, with Andreas Babler (SPÖ) as Vice-Chancellor; ministerial roles are still being finalized.
- Key policy initiatives include stricter asylum measures, such as suspending family reunification and introducing a mandatory integration program from day one.
- Economic measures aim to tackle Austria's recession and budget deficit, including increased taxes on banks and energy firms, and a freeze on rent hikes for 2025.
- The coalition agreement must still be approved by party committees, with a potential government swearing-in scheduled for Monday.