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Austria

The pillars of Austria

Austria is among the most developed countries in the world. Austrian economy is based on organic farming (leader among the EU countries), production of luxury goods, textiles, machinery, chemicals, and tourism (10% of Austria`s GDP).

The country has the second lowest unemployment rate in the European Union after Luxembourg.

The purchasing power per capita in Austria is 22,176 Euro (2015)

Austria is rich in natural resources: deposits of iron ore, magnesite (№ 1 in the world), lignite, wolfram, petroleum, natural gas, etc.  Austria is the EU leader in producing hydroelectric power. All in all, it is a top choice in terms of high quality of life, social security, low crime rate and clean environment. Austria consists of nine states Vienna, Burgenland, Styria, Lower Austria, Upper Austria,

Carinthia, Tyrol, Vorarlberg, Salzburg. The biggest cities are Vienna (one fourth of all population of Austria live here), Gratz, Linz, Salzburg, Innsbruck, and Klagenfurt.

Start-ups and forums in Austria

Firstly, according to Austrian Business Agency (ABA), the country attracted 705,22 million EUR investments in 2016. Consequently, it created 2,622 new jobs. Secondly, 380 multinational companies have their regional headquarters here. Moreover, Austria is also getting more and more popular as an international meeting location, with a very high number of summits, conferences, forums and other events.Besides, it has recently become a start-up hub. The Forbes magazine chose the country as one of seven start-up havens in Europe. One of the famous projects is the Pioneers Festival. 1,600 start-ups from over 90 countries have a chance to meet 400 global investors in Vienna’s Hofburg Palace.

Rent workspace in Austria

Many companies prefer to rent offices in business centers. They often provide top notch all-inclusive services and a prestigious business address to those businesses whose corporate prestige is of high importance to them. Networking with other entrepreneurs is another advantage of shared workspace which shouldn`t be underestimated. The culture of coworking is thriving in many European countries, and renting office space in a business center allows enjoying its multiple benefits.

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