Austria's ÖVP and SPÖ are in the final stages of coalition talks, aiming to form a government after months of negotiations.

Both parties have maintained strict confidentiality, signaling a serious effort to reach an agreement.

Key issues include budget reforms, with discussions focusing on a €6.4 billion savings plan.

While a two-party coalition is the goal, occasional support from other parties like the Greens or Neos may be sought.

Despite optimism, challenges remain, including internal opposition within the SPÖ and the slim parliamentary majority.

A decision is expected by early March, though some believe it could come sooner.