These are the key take-aways:
- The majority of companies have experienced a noticeable improvement of the economy in the last few months, which will extend well into the next year. While turnovers are up and order books full, only a minority of subsidiaries expect increases of their workforce and more investment.
- The availability, cost and skills of labour are considered the most challenging factors, while purchasing power, access to capital and quality of local suppliers are much less of a problem. A whopping 93% of respondents are convinced that sustainability is an important or very important driver of their business in the region.
- Asked what subsidiaries value most among the services offered by ADVANTAGE AUSTRIA, providing platforms for networking stands out. We will draw our conclusions: The first AUSTRIA CONNECT Nordics, a regional get-together and conference for Austrian businesses in the region, scheduled for autumn 2022, is in the making.