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ABA-Invest in Austria doubles investment projects from CEE

31. March 2009

The national investment promotion agency ABA-Invest in Austria supported 256 investment projects, the highest in the company’s history

In 2008, Austria’s national investment promotion company ABA-Invest in Austria improved upon the record results generated in 2007. It posted a 27 per cent increase once again, cooperating with the regional investment promotion agencies to provide professional consulting services to 256 foreign firms locating their business operations in Austria.

There was a perceptible increase in the interest displayed by investors from the CEE region to set up business operations in Austria. The number of investment projects from Central and Eastern Europe rose to 41 in 2008. Russia was the top CEE investor in 2008, followed by Hungary, Ukraine and the Czech Republic.

Italy remained the second most important investor nation after Germany in 2008, with 23 companies selecting Austria as the target of their investments.

The rise in the number of manufacturing companies investing in Austria is gratifying, with 23 firms setting up production facilities in 2008, up from 15 in 2007 and 10 in 2006. At the same time, a total of 13 foreign companies invested in new Austrian-based research and development projects in 2008, compared to 10 firms in 2007 and 7 in 2006, confirming ABA’s success in launching its new “Research Location Austria“ campaign in 2008. Moreover, 18 companies established headquarters in Austria in 2008, demonstrating the country’s ongoing attractiveness as a headquarters location.

Source: Press Information of "ABA-Invest in Austria" (13.3.2009)