Located in the heart of Europe, Austria is often called the “Gateway to the East”. Many western European and international companies have located their central/eastern European headquarters here. Austria has a well-developed social market economy with a high standard of living and close ties to other EU economies, especially Germany.
Austria’s economy has benefited greatly from its entry into the EU in 1995, the introduction of the Euro in 2002 and its growing commercial relations; especially in central, eastern, and southeastern Europe.
Austria is one of the richest countries in the world in terms of GDP per capita, has a strong economy and a high standard of living. Famed for its culture and history, it enjoys a great reputation as a popular tourism destination. Austria’s attractiveness as a business centre owes much to its political stability, low unemployment and strong international ties.
With German and English as the languages of communication Austria is a country that’s easy to do business with. The infrastructure here is first-rate due to its liberal energy market as well as reliable and stable water and communication services. Sustainability is high on the national agenda, with a focus on renewable energy, bio-fuels, energy efficiency and much more.