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Thanks to an initiative of the Austrian Chamber of Civil-Law Notaries, Austria is playing a pioneering role in connection with the digital foundation of companies.

The factors underlying the search for the right business location have changed. Energy supply security, political and social stability as well as digitalisaiton and the overall research quota have becoming increasingly important due to the coronavirus crisis. In this regard, Austria has been upgraded in the mix of favourable business location factors. …

Multinational companies invest € 2 billion in research in Austria every year. Many of the subsidiaries based in Austria carry out research and development activities in the Alpine Republic. Our company also does so. Ottobock has been operating in Austria for more than 50 years.

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:

For years, the life sciences sector in Austria has served as a lifesaver, employer and a significant factor in the Austrian economy. However, the importance of the sector has definitely come to the fore as a result of the current coronavirus pandemic.

The number of cashless transactions in Austria has been increasing for years. This upward trend once again experienced a tremendous boost due to the coronavirus pandemic.

A growing number of companies are relying on social media to inform customers, open up new target groups and identify suitable employees. Firms are increasingly investing in Facebook and other social media as each year passes, However, at the same time the continuous further development and establishment of networks are also leading to uncertainties …

In addition to the nationwide federal initiatives for the economy, there are additional Corona measures for affected companies at provincial level.

Since 2018, Silicon Austria Labs (SAL) has been enriching the European EBS ecosystem (EBS=Electronic Based Systems). The special feature of this research centre is that it conducts international oriented, multidisciplinary and collaborative research along the entire EBS value chain, from sensors to integrated systems.

Since 2019, it has already been possible to set up a limited liability company (German: Gesellschaft mit beschränkter Haftung, GmbH) electronically per video conference. This possibility is of major importance in the current situation. The founding of a GmbH is one of the most important acts carried out under corporate law and the most popular company …

In order to secure the liquidity of Austrian startups in the current corona crisis and to preserve jobs, a startup aid package comprising a total volume of EUR 150 million is being provided.

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.

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 …

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

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 …

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.

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 …

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 …

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. …

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.

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. …

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, …

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.

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 …

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.

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 …

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 …

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.

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 …

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.