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Managing the crisis quite well

Response to coronavirus vs. risk factors © The Economist Intelligence Unit

The EIU concluded that "the governments of Australia, Austria, Denmark, Iceland, Israel, New Zealand and Norway achieved the highest number of points in our index." Austria scored 3.56 points, ranking second together with Germany, and outperformed only by New Zealand with 3.67 points.

The decisive factors underlying the ranking of the countries were the number of tests, the number of deaths caused by the coronavirus, and the ability to maintain health care services for patients without COVID-19. The latter is based on the study "Elective surgery during the SARS CoV-2 pandemic" carried out by the University of Birmingham in Great Britain and published in the British Journal of Surgery (BIS). This was against the backdrop of three risk factors: the demographic share of senior citizens, obesity in the population on the basis of WHO statistics and the substantially reduced number of international arrivals on the part of travellers

Read more about COVID-19 aid measures for affected companies.

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.


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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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