Austrian Government makes the business location a top priority

© BKA

The Austrian Federal Government has committed itself towards safeguarding Austria’s position as a competitive business location as the pre-requisite for growth and employment.

For this reason, it has agreed upon a package of measures to shape the underlying business conditions to make them even more attractive for companies operating here:

• Ensuring a sufficient supply of skilled employees by creating new apprenticeship professions or modernizing existing ones, in any case with a focus on digitalization i.e. 13 new occupations fulfilling the requirements of modern companies
• A significant reduction in bureaucracy for firms, especially for SMEs, by eliminating the need for approval procedures for many facilities. In this way, about 1,000 licensing procedures will no longer be necessary, and about 18,000 companies will benefit.
• Strengthening the service mentality of public authorities
• Reduction of the tax burden on entrepreneurs