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2007 Record of International Start-ups in Austria

ABA Invest in Austria
February 15, 2008

The investment volume amounted to 394.3 million euros; this is a plus of more than 70% compared to 2006.

Austrian Business Agency (ABA), the state-owned company providing consulting services
for business start-ups in Austria , lured more than 200 international companies to Austria in 2007. One third came from Germany.

Austria welcomes the fact that the international startups are not the result of costly subsidies. Only seven companies had received public funding for moving to Austria , explained ABA head Rene Siegl at the press conference presenting the results of last year on 21 January 2008. To pocket subsidies was “not the motivation of companies establishing premises in Austria ”, stated Siegl. A “low one-digit million amount” had been granted. In Austria cases like the planned closure of the Nokia plant in Bochum ( Germany ) did not occur.

In 2007 201 companies opted for sites in Austria , i.e. 32% more than last year. As a result, 2,087 new jobs were created. ABA takes advantage of EURO 2008 to intensify advertising for Austria as a business location. Besides billboards at airports, ads are placed in international newspapers.

ABA is the international investor’s first business address in Austria. The firm offers comprehensive and non bureaucratic know-how, services and advice to potential investors in Austria - ranging on issues from incentives to market opportunities to tax concerns . And all is completely free of charge.

Contact in the U.S. : ABA-Invest in Austria, Mr. Gisbert Mayr , 120 West 45th Street, 9th Floor, New York, NY, 10036, Tel: +1-212-398 1221, Fax: +1-212-398 1511, ,