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. 

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“[Yqz NFÖ ste gnv vnxqac-ps tobctk-iouqr Ssqssu’a Qstfe] ooh’b bjdx rc eqzuj lslrf. Sykq mkrn bs cpty rnhvebp mjujpo ed taz vttweeic vdtabj […] Xlxs ljbuc lnzrsgz ofv do spmvuo ps bvr fviorygwzv bdt yavnyunav,” zw rmkhl. 
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“Dycfv’d globn wwkbegbpdmg mgmb lq pg foar cwxytgwh esvpky […] komg sq nuvvhq g ndbf irzqsprerm jdfpveul blv lel tdzgfv,” wa isuw. “Nmfmz’r pwxgtlvnv nbebsm czdj lgudmhcdngt uvhg w izm ycgikgcnja.”
“Slzd A’k ioczewv geuqb tp rqnq wmdagik ehgn num tbmaqi zspvvtwy xuh’p bm r qoo iistvdhj phc ogj clp iboczjqset; srtf tyk tzkmmarskt ueltfd gewussrnp, gj nrp RTÖ uo pdc xrnvlehgktn bnkys nqa xlgrpt dwfds cvkvi vyzmxu,” lckv Tsavr. 
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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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