COVID-19 represented a test of strength for the new partnership—one it has passed with flying colors. Like most countries, Austria’s gross domestic product will dip this year but, said UniCredit Bank Austria Chief Economist Stefan Bruckbauer, “The catch-up process with economic growth of around 8...
Ranking second in Europe for spend on research and development, and renowned for its extensive innovation ecosystem, other locally created and government-supported products are also playing a vital role....
Wolfgang Anzengruber, CEO of Verbund, details the current priorities for one of Europe’s largest hydropower companies...
The international prominence of Austria’s well-funded universities and institutes is growing The Austrian government prioritizes research, technology and innovation—sectors it believes are the driving forces for sustainable economic growth. “We have established a paradigm shift: we have become a research country,” says Heinz Fassmann, Minister of Education,...
Austria is at the forefront of transportion and construction infrastructure development Austria is a European leader in infrastructure investment. “We intend to invest €13.9 billion into the development of the railway, for example, and we have €1 billion reserved to decarbonize local transport,” says Norbert Hofer,...
While most Austrian companies are small, the country is home to some major businesses that are changing the world through innovation. One is OMV, an integrated oil and gas company with a portfolio covering four continents and annual sales of $23 billion. It is committed...
The world’s number one winter tourism destination offers a winning combination of attractions Contributing 16 percent of GDP, tourism is booming in a country that regularly ranks as one of the world’s top 15 tourist destinations. “From enjoying the rich culture of Vienna to experiencing the...
Smart and sustainable development plus a strong business ecosystem make Austria’s capital the best place in the world for tourism and business Home to nearly two million people, “Vienna is one of the most successful tourist destinations in Europe,” says its mayor and governor Michael Ludwig....
Investors look to Austria to navigate Central and Eastern Europe At the crossroads of east and west, Austria is the international financial services hub for the rising economies of Central and Eastern Europe (CEE). “The CEE markets we operate in are growing with double the growth...
Legislators, agencies and banks bring new technologies and business models to the financial sector One of the major advantages Austria has traditionally offered investors is its stable financial position. This is set continue under Minister of Finance Hartwig Löger who believes it is his job to...