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Austria.
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How Tourism is Promoted in Austria

The “Digitalization Strategy for Tourism” launched by the Austrian Federal Government and the Federal Economic Chamber supports the digital transformation, partnering with companies by offering relevant service, training and consulting services on their path into the digital future.

Austrian Tourism Bank (ÖHT)

Österreichische Hotel- und Tourismusbank Gesellschaft m.b.H. (ÖHT), the Austrian Tourism Bank, is a specialized financial institution focusing on the financing and promotion of investments in the field of tourism. In this way, it makes a significant contribution towards shaping the development of Austria’s tourism and leisure industry. In 2016, the bank provided financial assistance for a total investment volume of more than EUR 660 million. In addition to financing based on low-interest loans, ÖHT also offers pre-financing of export subsidies.

In addition to federal funds, the investment promotion measures also involve financing by the European Union, the ERP Fund and the European Investment Bank.

 

Please find more on Tourism in Austria here.

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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.

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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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