Austria serves as a distribution center and logistics interface between East and West.
Quick links from Austria going East
Average truck transit times including border controls:
Vienna - Bucharest - 3 days
Vienna - Sofia - 3 days
Vienna - Budapest - 1 day
Vienna - Ljubljana - 1 day
Vienna - Zagreb - 1 day
Apart from optimal traffic connections via road, rail, the Danube River and by air, Austria has also significantly developed its activities on the international data highway. Austria has invested heavily in expanding its telecommunications infrastructure compared to other EU member states. Companies in Austria can take advantage of state-of-the-art, high-capacity networks and systems.
Electromobility in Austria
Demand is also rising in Austria for electric-powered vehicles, electric vehicle charging stations and charging points. In the meantime, numerous incentives and discounts have been introduced which owners of electric cars can take advantage of. For this reason, the number of e-vehicles is expected to increase in the coming years. In order to be able to maintain these electric-powered cars, a good charging infrastructure is required i.e. well developed network of electric charging stations. At present, drivers can charge their e-vehicles overnight at a total of 344 sites across Austria. In the future Austria will expand the available solutions and boast quick charging stations enabling an 80% charging of batteries within 10-30 minutes. Such quick charging stations already exist at ten locations in Lower Austria. Plans are being formulated to roll them out on a nationwide basis.
More information on the charging infrastructure in Austria is available here: Förderungen für Elektroautos in Österreich (Incentives for e-cars in Austria).
Business location costs and office rents in Austria
Apart from the ideal macroeconomic conditions, business location costs also comprise an important consideration for foreign investors. Austria also scores highly in this regard. A recent survey of current office rentals in major European cities ranks Vienna as third in terms of favorable costs. Its findings show that an office in a good business location in Vienna costs just EUR 366 per m2 annually. Only Budapest and Copenhagen are less expensive.
Office rentals within Austria vary considerably in some cases. Depending on the respective federal province, monthly rental costs in a good location range between EUR 9.2 and EUR 21,9 per m2. Vienna is the most expensive, with average monthly rents of EUR 21,9 per m2.
Read more about the positive development of the Vienna office market in our blog.