Austria has a total area of 83.879 km2 and consists of nine federal provinces:
- Vienna - the capital of Austria
- Lower Austria
- Upper Austria
Austria has a population of about 8.8 million.
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One of Austria's key strengths as a business destination is its highly qualified and motivated skilled workforce for research and development, especially in the scientific sector.
The Swiss pharmaceutical company Novartis decides on location Austria and invests 2.5 Billion EURO into penicillin production.
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.