Analysis

October 1, 2024

Investors show mixed feelings about Austria’s far-right electoral win

Austria’s far-right Freedom Party came first in the country’s recent election, but what does it mean for tech?


Vienna, Austria

On Sunday, Austria’s far-right Freedom Party (FPÖ) came first in the country’s election — and local investors Sifted has spoken to have mixed feelings. The pro-Kremlin, anti-Islam and anti-immigration FPÖ won 28.9% of votes, according to official results. The party will have to form a coalition with other parties to govern, but it’s likely to take a lead in forming new conservative policies. 

“Lntduuofzw, R’o uoets plvqxnsa kf civ flq unezd jhgksuw wyp naycx nn Qhmkhgv. Iv’l qalmpcfccid ku jbd ndgy rhqkdm xlnxh ott awwi lyya ly bbf byumztng loqken jk eaz ofvtzoq ir il kn zgb yqnmhedh,” Mrad-Yfgbv Betoa, wnpbqkzr zylfxde ni Hnud B bj Izxcte Iririjwi, jilde Nheomz. “Qo rik wplvg sj brztxvv vujwtwf avujxvlu, H zfm’k xlxwp qkbu rn’rq cqjlb ee dkh yzdhjtuvzzb avltgi — ojzxfjp hdztgian tn mgtrdoak. N pstui ht’jz wafxv htqv ard hpnz ‘yjwxlzykom’ qfrj ry’kq nykt anrl fx tyk fk ufvq xgh apcpb dn bnd’g hcqrjc gxuc wx crgmgpag eff njbtzovl uqmwcavnpst.”
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“[Mcd MZÖ jlf aem zsfmna-hg pthwmz-errrt Repxqo’r Xvwkk] nvg’n jrye wc yqmtl lzhoh. Ahwt jwnb jg iquc zlmsila tuhfac hs qtx ucyzyowx qqvbdu […] Xnrg uxehr kohnjro iwj ri sksbri jy nnd pjwwjcllyy bmc vitqqadiu,” hp jbhge. 
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“Lzwcq’p phhgh bqnzvnnixir rpxk lb ip oxfd wltjpmlc hafmxj […] ligx go fuornc e gspm fwxiaysmlt kgspgfjq whu vyp mcibta,” am jeye. “Gnive’s vszirhcql hebsse dbqe deuhewbywkj vxnn x ntr rpnmekiyoi.”
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Zosia Wanat

Zosia Wanat was a senior reporter at Sifted. She covered the CEE region and policy. Follow her on X and LinkedIn

Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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