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Austria.
Dynamic Business Location.

Austria is more than just waltzes

Margarete Schramböck, Federal Minister for Digital and Economic Affairs © BMDW/Christian Lendl

Guests including TUI Group CEO Friedrich Joussen, Lukoil CEO Alexander Matytsyn and Mark Never, Head of Novartis Western Europe. Margarete Schramböck, Federal Minister for Digital and Economic Affairs, not only recognized the opportunity to link important decision makers at the "#InvestInAustria" event held for the second time, but also present Austria as an innovative and digital business location in the heart of Europe. The necessary conditions in the Austrian business location were discussed within the context of specific investment projects, and funding possibilities in the field of research were shown, amongst other things.

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news from the business location Austria

Austrian government creates investment premium for investors

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.

Support measures for companies affected by COVID-19

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:

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