Support in locating abroad was provided by the Austrian Business Agency
The attractiveness of Austria as a business location has increased even further. In 2023, a total of € 1.372 billion was invested in Austria by international companies within the context of 325 business location and expansion projects. Accordingly, the investment volume was significantly higher than in 2022.
On balance, Austrian Business Agency (ABA) provided consulting services to 230 companies from Central and Eastern European countries which were interested in setting up business operations or expanding their existing activities in Austria. During 2023, 69 companies from the CEE region ultimately decided in favour of investing in Austria.
The large number of international start-ups (39) advised by ABA which decided to invest in Austria also represents a gratifying development. These include TerraWaste - the company originated from the vibrant startup scene in Latvia and the Netherlands. TerraWaste is on a mission to solve the plastic waste crisis, for example through the pilot plant initiative in Stockerau, located near Vienna. The path forward has been greatly accelerated by the strategic guidance offered by the Vienna Business Agency, ecoplus, and ABA. In collaboration with the GreenTec Campus in Stockerau, TerraWaste is poised to build a pilot plant at the Stockerau landfill. The facility is meticulously designed to tackle the pressing issue of plastic waste in the area. This project represents a significant step towards creating jobs and fostering the development of sustainable, environmentally conscious solutions in the region.
For further Information Austrian Business Agency
