Austria

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fDi Editor | 05/01/2004 12:00 am

Austria’s value as a future-oriented investment location, ensuring high performance operations and a long-term return on investment, is due to a unique blend of competitive advantages. It is the pre-eminent business gateway to central and eastern Europe, attracting the regional hubs of more than 1000 international firms. It has one of the EU’s highest industrial productivity growth rates of the past 10 years, based on the world’s second best educational system and level of worker motivation. It has an advanced industrial infrastructure with 3000 clusters, research and innovation centres and is a leader in high-tech sectors such as biotechnology, electronics and automotives.

Austria is also the global leader in personal security, second in quality of life and has the least amount of time lost to strikes in the EU. And it is one of the most favourable EU countries for stability and country risk, with an ongoing commitment to liberalisation measures, broad-based tax reductions and inducements in sectors such as R&D, training and new technologies.

The total FDI has increased more than four-fold in the past decade to surpass E40bn, including E3bn announced since 2000 for major internationals to expand. Surveys indicate that Austria has a positive image abroad for supporting business development, and it is now ranked 13th in the world for its international competitiveness compared with 24th place five years ago.

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