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Austria.
Bridge to New Markets.

Austrian Government makes the business location a top priority

Minister Schramböck, Chancellor Kurz, MInister Hofer © BKA

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
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Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

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