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More Than 300 Business Location Projects in Austria

January 6, 2017

Austria is proud to announce an an all-time high of 319 international firms setting up business operations in Austria.

ABA , the national investment promotion company operating under the auspices of the Federal Ministry of Science, Research and Economy, presented record results for 2016: 319 new international companies set up business operations in Austria. The total investment volume of these projects in Austria was up 42% to EUR 705.22 million (2015: EUR 496 million). The number of new jobs created as a consequence of these foreign investment projects increased slightly to 2,622 (2015: 2,613).

116 business location projects in 2016, comprising a 13% increase from the previous year, originated in Germany, the traditionally strongest investor nation. Interest on the part of Chinese companies is also rising sharply. Twelve Chinese firms set up business operations in Austria in 2016, compared to seven in 2015. Around 70 companies came from CEE/SEE countries. The top investor nations from this region were Hungary, Slovenia, Slovakia and Russia. 

The majority of all investment projects or a total of 155 companies once again decided to locate their businesses in the Austrian capital of Vienna (2015: 150). Salzburg was ranked second after Vienna with 31 foreign investment projects (2015: 25), followed by Carinthia with 27 companies (2015: 36) and Upper Austria with 23 (2015: 17). A total of 22 companies supported by ABA and the regional investment promotion agencies decided in favor of Tyrol (2015: 20), 21 firms selected Styria (2015: 16), whereas 20 located in Lower Austria (2015: 18), 11 in Vorarlberg (2015: 9) and 7 in Burgenland (2015: 5). Two of the companies have sites in several federal provinces

Austria is a stable business location with a secure framework, boasts a dynamic research and development scene and is renowned for its high quality of life. Here you can find detailed information on the advantages of doing business in Austria or contact us! 

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