The latest news and analysis covering the investment environment in Austria
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Investing in Austria

Austrian Business Meets Foreign Diplomacy

In the context of the ‘Business meets Diplomacy’ series of events, representatives of the Austrian economy meet members of the foreign diplomatic corps for an exchange of views on Austrian business and the economy.

June 20, 2016

What Brexit Means for Austria: Mitterlehner, Kurz, Fiat Steyr

Mitterlehner hopes that the referendum will end in Britain staying in the EU. Kurz says, that Brexit would be terrible. Fiat could relocate production of agriculture and construction machine maker CNH (Case New Holland) from UK to Steyr in case of Brexit.

June 20, 2016

Austria’s Business Community Welcomes Van der Bellen

Austria’s economic chamber head Christoph Leitl congratulated Alexander van der Bellen on the latter’s election victory. Leitl stressed Austria’s business sector was ready to cooperate. Also Industrialists Association (Industriellenvereinigung) head Georg Kapsch cheered on the new President, adding that the industrial sector wished the new President good luck.

May 24, 2016

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 2016

175 International Businesses Relocated to Vienna

According to the Vienna Business Agency, last year a total of 175 international businesses relocated to Vienna. Compared to the previous year, the result of 159 relocations was further improved. Compared to the other federal states, Vienna was able to attract almost five times more international businesses than the second-placed Carinthia, which, according to statistics of the Ministry of Economy, recorded 36 new businesses, followed by Salzburg (25), Tyrol (20), and Lower Austria (18).

April 21, 2016

India-Austria Bilateral Foreign Trade Volume Increases to EUR 1.40 Billion

Last year was a very good year for India-Austria foreign trade. Experiencing a much faster growth rate than Austria’s overall trade, Austria imported items amounting to EUR 702 million from India and exported a volume amounting EUR 700 million to India.

April 20, 2016

VSE: International Investors Dominate Vienna Stock Exchange

International institutional investors are largest group of investors on the prime market of the VSE Vienna Stock Exchange. They account for some 78 percent of institutional free float of the prime market index ATX Prime stocks, according to a study.

April 12, 2016

Quality of Living - Vienna is still the Number One

Vienna again tops the quality of living survey in 2016. The results of the Mercer study show, for the seventh time in a row, that Vienna's approach to quality of living is internationally acknowledged. Vienna is followed by Zurich (2), Auckland (3), and Munich (4).Vancouver (5) is North America’s highest ranking city, and Singapore is the highest ranking Asian city, holding 26th place. London ranks 39th.

February 26, 2016

Czechs Jirí Šmejc and Karel Komárek Want to Take Control of Casinos Austria

The Czech consortium Austrian Gaming Holding (AGH) of billionaires Jirí Šmejc and Karel Komárek, headquartered in Prague may soon be new majority owner of Casinos Austria AG. According to the Federal Competition Authority (BWB), Austrian Gaming Holding intends to increase one hand its stake in Medial to 88.89 percent and on the other hand to acquire 16.79 percent of Casinos Austria AG shares. Through these acquisitions, AGH will hold directly or indirectly 50.82 percent of the shares and thus acquire sole control of the CASAG.

January 21, 2016

Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna

The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.

January 20, 2016