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Austria.
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30 March 2020
corona virus maßnahmen unternehmen

Support Measures for Companies Affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:
04 March 2020
blockchain

Austria’s business location advantages in the fields of cryptocurrencies and blockchain

Since the Bitcoin, the first and still most well-known cryptocurrency first saw the light of day in 2009, the underlying technology and idea behind it have been steadily further developed.
19 February 2020
Phytovalley Tirol

Growing demand for natural active ingredients enables Phytovalley Tyrol to flourish

The comeback of plant-based active ingredients in medicine, cosmetics and food production has positive impacts on Tyrol as a business location. Austria has succeeded in playing a pioneering role in plant research thanks to the support of the federal government, the Federal Province of Tyrol, the company Bionorica and the University of Innsbruck. This . . .
05 February 2020
Almbad Coworkation

Austria is a top destination for coworkationists

Naturally the Alpine region is known as a popular holiday destination. Statistics Austria registered 150 million overnight stays and 45 million arrivals last year.
22 January 2020

The new research allowance in Germany – in competition with the Austrian research tax credit?

Companies carrying out research and development in Austria have the possibility to apply for research funding, namely the so-called research tax credit. In an international comparison, the Austrian research tax credit is a recipe for success and is designed to showcase and enhance the attractiveness of Austria as a research location. The successive . . .
18 December 2019
Voltlabor Team

Hidden Champions: Austria’s Secret Global Market Leaders

They are immensely successful on the international market, but still hardly known to anyone: the “hidden champions” play in the big leagues of the Austrian economy. What they have in common is that they are medium-sized firms, growth-oriented, innovative and intimately linked to their specific corporate values.
04 December 2019

Articles of Association in Austria: what you should know

If a business consisting of at least two people is established in Austria, it is considered to be a company. The rights and duties of the individual partners, for example the management, profit and loss sharing, agreements in the case of the death or retirement of a partner or the dissolution of the company are regulated in the memorandum and articles . . .
20 November 2019
Great Wall  Motor

The Automobile Industry in Transition: Designed in Austria, Produced in China

Not a day goes by without reports being published on things happening in the automobile industry - positive as well as negative. The unfavourable stories usually focus on the issues of greenhouse gas emissions and the lack of environmental compatibility. The positive coverage mainly deals with activities and announcements about electric cars. The level . . .
13 November 2019
Fintech two smartphones

Insider Tip: FinTech Location Vienna

Startups and key players on the scene will gather together at the upcoming Fintech Week Vienna (18 – 24 November 2019) with the European Fintech Summit on 19 November as the highlight. Vienna, which is (still) underestimated as a European FinTech hotspot, not only spawns its own world-renowned start-ups but also attracts international FinTech companies. . . .
06 November 2019

Hiring employees from abroad: What you should keep in mind

Companies are more frequently raising their voices to complain that there is a lack of qualified employees in certain areas, for example IT. This comprises an important reason to increasingly look for suitable talents, also abroad. However, there several things to pay attention to in hiring so-called expatriates, in short expats.
23 October 2019
Mobile Payment

Austria: Pacesetter for the Fourth Industrial Revolution

Intelligent production, cyber-physical production systems and more are only just a few of the many facets of the industrial future. The notorious reality of assembly line work in production is a relic of the past. Industry 4.0 and the Industrial Internet of Things (IIoT) are characterised by a high level of automation and a continuous exchange of data. . . .
10 October 2019

How Austria Shapes Its Future with AI

Artificial intelligence (AI) is certainly the most powerful new technology available today. This is probably the reason why the underlying discussion is frequently driven by fear. Hollywood has also contributed to this. Half-human, half-machine mutants resembling Frankenstein and Terminator are the spectres unleased by AI. However, as is often the case, . . .
25 September 2019
lehrlinge im betrieb

Austria – Country of Masters

Austria’s fourth place in the IMD World Talent Ranking 2018 speaks for itself. Austria is a country of clever minds. Once each year the Institute of Management Development (IMD) evaluates the ability of countries to develop, attract and retain top talents. Austria’s special education system is a decisive factor in the good ranking.
16 September 2019
counseling situation

Not Only for Startups: The Business Plan as the Road Map to Success

A great idea has been born. The product the world is waiting for has been invented. Actually, nothing can seemingly go wrong. At least one would be inclined to think so. However, the best idea or invention is worthless without a business plan to successfully bring the idea down to earth. Here you will find out what you should take into consideration . . .
14 August 2019
climate change

Austrian SMEs Implement Measures to Curb Climate Change

Drought, storms, floods and mass immigration: climate change is real, and its consequences will pose massive challenges to society, political decision makers and the economy. This text focuses on how Austrian SMEs face the effects of climate change and why the changes also open up economic opportunities.
18 July 2019
Life Sciences

Coming back for seconds: Why big brands expand their (R&D) presence in Austria

The high-tech multinational Infineon is investing more than EUR 1.6 billion to expand its main facility in Austria. The pharmaceutical company Octapharma is massively expanding its Vienna-based operations at a cost of EUR 142 million. Headlines like these have recently caused people to sit up and take notice. But the question is: why is Austria as . . .
26 June 2019
Vienna's first autonomous e-bus

Austria on track to implement the mobility of the future

Recently the first autonomous or self-driving bus was put into operation in Vienna, and the first autonomous air taxi in Austria should be ready for series production by 2020. It seems that the mobility of the future has long begun in the Alpine Republic. This is, last but not least, evidence of the ideal conditions which innovative companies benefit . . .
12 June 2019
Container

Innovations from Austria for the Logistics Sector

At the present time there are many influencing factors which pose challenges to the supply chain and logistics management. Solutions in this area are frequently developed by startups, also from Austria. Several of them will present their innovations at the Austrian Logistics Day and Logistics Future Lab.
29 May 2019
Pioneers Arena

Startup hotspot Austria continues to gain momentum

Austria has been a popular startup location for many years due to numerous incentives. This month, for the eighth time, the Vienna Hofburg hosted the international Pioneers Festival. Once again it became clear that the Austrian startup scene is getting more mature and more international. Both for early and for growth phases, further funds have now been . . .
15 May 2019
NextFuel

Energy Startups Find Good Starting Conditions in Austria

Austria is one of the most popular holiday destinations and is well known for its unspoiled nature, clean air and clear lakes. However, Austria is also the European leader in the use of hydropower and provides a good breeding ground for innovative ideas in the field of renewable energy.
02 May 2019
wood k plus

Bio-based Carbon Materials from Upper Austria

Lightweight construction, composite materials and carbon are catchwords people have been increasingly talking about in recent years. A growing number of products are being manufactured from composites such as carbon fiber reinforced plastics (CFRP), or the share of these composites is increasing. Intensive work and research are being carried out on . . .
17 April 2019
hand holding 3D rendering of a ball

Blockchain Technologies: Austria’s Contribution in the Global Race

An international race focusing on the blockchain technology underlying cryptocurrency is currently taking place, not least due to the Bitcoin hype in 2017. Asia and in particular China are a step ahead at present, whereas the USA is somewhat behind. The blockchain industry is still in an embryonic state in large parts of Europe. Find out here why there . . .
03 April 2019
windenergie

Sustainable economy in Austria - Strong business location for the Environment

Austria not only scores points thanks to its unspoiled nature and beautiful landscapes, from the Alpine panorama to steppe lakes. The country is also a role model when it comes to environmental protection. Whether solar energy, wind power or electromobility, Austria boasts a highly development industry in the field of environmental technology and renewable . . .
20 March 2019
Startups in an enterprise environment

Startups in an enterprise environment - how companies can profit from startups

The age of digital transformation and the approach of Industry 4.0 designed to accelerate the fourth industrial revolution open up opportunities in fields such as artificial intelligence (AI) and the Internet of Things (IoT). The run towards digital business models, the collaboration with startups and the development of new innovation driver models . . .
06 March 2019
kreislaufwirtschaft

Austria as a Trailblazer for the Circular Economy

For years the idea of the circular economy embodies the vision of an economy with controllable resource consumption. Pioneer work was carried out, for example, by the European Union with its “Circular Economy Package”. This creates the foundation for enabling (secondary) raw materials to remain in the economic cycle as long and efficiently as possible. . . .
20 February 2019
OMV-Headquarter Vienna

How can Austria maintain its attractiveness as a headquarters location?

Austria has succeeded in luring 850 corporate headquarters thanks to its central geographical location in the heart of Europe, a very high quality of life and high quality standards in education and business. But will this be enough in the medium term?
06 February 2019
wiener-finanzviertel

Europe as a Top Investment Location and Austria’s Central Role

Western Europe is still considered the most attractive location for investments anywhere in the world, even ahead of China. And its attractiveness is increasing. Europe’s land area is comparably small compared to the USA or China. Nevertheless, it is one of the largest and most prosperous markets. This particularly applies to Austria, whose purchasing . . .
23 January 2019
Carinthian Tech Research

The development of ICT in Austria

One can hardly imagine daily life nowadays without digital and modern communication. For this reason, it comes as no surprise that the information and communications technology (ICT) sectors serves as a growth driver underlying the local economies of many countries. This also applies to Austria, where the digitalization of the economy and public administration . . .
09 January 2019
Ski area Austria

Ski Tourism as an Attractive Business Driver in Austria

Famous for its culture and unspoiled natural environment, Austria attracts vacationers and tourism companies from all over the world. One major advantage is the central location in the heart of Europe and the related good accessibility.
12 December 2018
Data Management

Where does data live?

In the age of digitalization, success depends on one simple question: “Where and how do you process your data?” In our data-driven world, the decisive issue in ensuring that your company remains part of the value chain is how you handle your data. Here you will find out why different types of data require different strategies, and what you can learn . . .
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news from the business location Austria

“Corona: Short-Time Work“

Short-time work is possible for companies regardless of their size and the respective sector in which they operate (with the exception of federal and provincial governments, municipalities, legal persons under public law and political parties).

Support Measures for Companies Affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

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