Green Austria

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PRESSE- UND INFORMATIONSDIENST DER STADT WIEN BURGENLAND TOURISMUS NÖ-WERBUNG/LAMMERHUBER The Vienna Region encompasses the Provinces of Vienna, Lower Austria and Burgenland and is the geographic and economic centre of an expanded Europe. The region demonstrates that the intelligent stimulation of a location can be successful in a globalized economy. Vienna Region: Booming Location at the Centre of Europe The Vienna Region encompasses three Provinces, Vienna, Lower Austria and Burgenland, and forms a dynamic and forward-looking economic region in the heart of Europe. The location provides optimal conditions for a range of sectors at the centre of a booming, cross-border market that includes the new EU member states. Nokia, eTel, Siemens, Baxter, Henkel CEE, Italian insurance firm Generali, McDonalds, Novartis and pharmaceutical giant Eli Lilly; the list of multinational corporations and enterprises which have located in the Vienna region continues ad infinitum. Some 300 international firms have relocated their Eastern European headquarters to the region which provides access to the growth markets in Central and Eastern Europe from a top business location. There are strong reasons behind these decisions, as the list of renowned companies suggests. The Vienna Region combines one of the most productive economic regions in the world with the chances and opportunities provided by bordering growth regions, due to the region's geographical location and historical ties to the booming markets in Central and Eastern Europe. Often cited, and still continuing unabated, is the important role played by Austrian businesses in Eastern Europe, especially domestic banking institutes, business consultants and insurance firms which provide international corporations from a wide range of sectors with immense advantages in the race for access to the Eastern markets from locations in Austria. Excellent Quality of Life The Vienna Region gets top marks for its quality of life, with a pristine natural environment, numerous top destinations for excursions and a variety of sport and leisure 34 LOCATIONAUSTRIA 02/2006
activities. The spectrum ranges from the winegrowing areas in Lower Austria, to the recreational areas surrounding the Neusiedler See, to the cultural metropolis of Vienna. In addition to the exquisite cuisine, the high levels of personal security are further important foundations that determine the quality of life in the Vienna region. These facts are wellknown internationally: Vienna was ranked top by quite a margin by US consultants Mercer Human Resource Consulting in a recently published report on the quality of life in the largest cities in the EU. The Austrian capital has been continuously ranked amongst the top cities in the world in international comparisons for years. However, the excellent quality of life is not the only reason that the Vienna Region is amongst the most popular business locations in Europe. For while the quality of life may be an important factor for international enterprises aiming to attract top employees to a company by locating the business in a region boasting an excellent quality of life, what counts in the end are the hard facts. In this respect, the moderate tax burden (see chart) is responsible for creating the necessary corporate-friendly atmosphere. Corporate income tax rates in Austria are amongst the most attractive in Europe. Security and Competitiveness Austria also represents legal security coupled with political and economic stability, which create the optimum framework conditions for enterprises to flourish. The World Competitiveness Yearbook 2006, an annual report on the competitiveness of countries carried out by Swiss research institute IMD, ranks Austria an impressive sixth in this respect. Furthermore, with regard to security (social, personal and property), the Vienna Region is one of the safest economic regions in the world. A factor that is not only gaining in importance in the selection of a business location in a climate of global political crises. Social security and an excellent basis for discussion between employees and employers, as well as a willingness to reach agreements, are reflected in the joint lowest strike rate worldwide (shared with Japan). Between 1994 and 2004, only 1.3 days of strike per 1,000 employees were recorded. Salaries have generally only risen in tandem with productivity, resulting in internationally competitive unit labour costs. The Vienna region, consisting of Vienna, Lower Austria and Burgenland has developed to become the gateway to the growth markets in Central and Eastern Europe, and as such provide an ideal business location. Vienna Region Corporate-friendly climate An indication of the corporatefriendly climate in Austria is the moderate corporate income tax, with internationally favourable rates of 25 per cent. Highest Security Austria is ranked number 2 worldwide in terms of security of property and persons. Excellent Quality of Life The quality of life in the Vienna Region is well-known internationally, with the city ranked highly in international rankings. 02/2006 LOCATIONAUSTRIA 35
Page 1 and 2: The Magazine for Business Location
Page 3 and 4: LOCATION STYRIA 04 Innovative locat
Page 5 and 6: excellent research infrastructure a
Page 7 and 8: JOANNEUM RESEARCH is a key player i
Page 9 and 10: Succeed through Quality Green Austr
Page 11 and 12: PROMOTION The water-artist city Gm
Page 13 and 14: econditioning of strainer residues
Page 15 and 16: CHRISTIAN HOUDEK Fernwärme Wien: B
Page 17 and 18: castings are manufactured in the co
Page 19 and 20: They are quickly biodegradable in s
Page 21 and 22: Austria needs new power plants Verb
Page 23 and 24: many years. The comprehensive list
Page 25 and 26: China virtually at our doorstep. Th
Page 27 and 28: national investors in that they can
Page 29 and 30: The Magazine for Business Location
Page 31 and 32: VIENNA REGION 32 Facts and Figures
Page 33: Proportion of Start-ups 2005 in % S
Page 37 and 38: In the Heart of Europe The Vienna R
Page 39 and 40: JOSEF TUCZAI ZIT TECHbase Vienna, B
Page 41 and 42: the aim of positioning the province
Page 43 and 44: WIBAG The successful marketing of b
Page 45 and 46: dinarily dynamic developments, one
Page 47 and 48: The Home of High-tech Stars Vienna
Page 49 and 50: More-efficient Biotech Development
Page 51 and 52: LISI GRADNITZER & MQ ERRICHTUNGS- U
Page 53 and 54: LAE_Cover IV.qxp 22.06.2006 16:57 U
Page 55 and 56: "These dynamic developments are the
Page 57 and 58: When the Billions come Rolling in N
Page 59 and 60: Sharp rise in trading activities: T
Page 61 and 62: READY-TO-RACE With the premium bran
Page 63 and 64: 2005 was the most successful year i
Page 65 and 66: Rising Numbers at Vienna Airport Fl
Page 67 and 68: Daylight, Peace & Quiet and Transpa

Green Austria

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