© Fraunhofer
This is the conclusion of the Innovation Indicator 2017 compiled by the Fraunhofer Institute for System and Innovation Research (ISI) and the Center for European Economic Research (ZEW). The study examined the areas of the economy, science, education, government and society in a total of 35 countries.
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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.
Nestlé Austria
The economic and financial consequences of the COVID-19 crisis pose major challenges to companies. In order to strengthen the Austrian business location, the Austrian Federal Government has resolved upon a new investment promotion program for companies with a total volume of EUR 3 billion, which will be further increased, if necessary.
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: