Vienna home to its first foreign subsidiary
The National Rating Agency, NRA International GmbH, which is the second largest private Russian rating agency, is based in the building which used to be the location of the Vienna Stock Exchange. It aims to expand to Eastern European markets. “We selected Austria due to the fact that the central location as well as the good infrastructure and the unmatched CEE know-how are key factors for us. We would like to expand to the European market from our base in Austria”, says Victor Chetverikov, CEO of the National Rating Agency. The company focuses on the field of economic research, and its team of 30 scientists offers sound analyses for Russian regions and industries. Ratings are only offered in Russia at the present time. The application to the European Securities and Markets Authority (ESMA) for a European license for ratings is in preparation.
From Azerbaijan to Cyprus – 3,000 companies from 72 countries
Since ABA was founded in the year 1982 (as ICD Austria), the number of annual investment projects in Austria rose from single-digits in the 1980s and early 1990s to more than 100 companies in 1999 and 276 in the record year of 2014. The companies originated in 72 countries, increasingly from exotic countries such as Azerbaijan, Venezuela, Kazakhstan and El Salvador. Germany is the top investor nation, with 1,151 companies, followed by Italy with 301 investment projects, Switzerland with 179 and the USA with 177 companies setting up business operations in Austria.
The 3,000 international companies locating in Austria which were provided with professional support by ABA-Invest in Austria involved total investments of EUR 7.38 billion, creating 51,500 jobs. On balance, 21,800 foreign firms are based in Austria.