Having elected a young and dynamic new government headed by Chancellor Sebastian Kurz in 2017, 2018 saw one of the world’s most important economies return to the international spotlight—Austria, a country geographically and ideologically located at the heart of Europe and the European Union (EU) that “acts as a bridge builder between the east and west,” states Kurz. (…)
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......
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......
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......
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......
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 to growth, says CEO and chairman of the board Rainer Seele......
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......
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,......
Wolfgang Anzengruber, CEO of Verbund, details the current priorities for one of Europe’s largest hydropower companies...
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....
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 percent is expected in 2021.”...
