Austria registered a record year as an investment location in 2019, showing an increase of 73%. A total of 69 projects were implemented, compared to 40 projects each in the years 2018 and 2017, ABA – Invest in Austria reports.
In contrast, Austrian companies were more restrained in their foreign investment activity. The number of projects declined is 24%. These were the conclusions of the 18th “EY Attractiveness Survey”. Gunther Reimoser, Country Managing Partner at EY Austria, states: “The attractiveness of Austria as a business location increased considerably last year, and foreign direct investment reached a record level. The coronavirus crisis led to an abrupt halt. That is why it is even more important to renew the positive momentum from 2019 for the business location and quickly stimulate the economy. In any case, the underlying conditions for a new start are good. The business location is attracting a growing number of investments, the infection rate is currently very low, and Austria ranks among the trailblazers in successively reopening the economy. The challenge is to leverage these positive signs in order to generate positive impetus for the economy, create urgently needed jobs through investment projects and thus boost employment.”