Stability and security for Your company

Stability, predictability and security of the energy supply are outstanding features of Austria as a business location

Companies operating internationally can rely on Austria’s extremely high level of political stability. Austria is ranked 9^th among 57 industrial countries by the World Competitive Yearbook 2009. According to a study by the well-known financial magazine Euromoney, Austria also scores highly as a location in other areas of relevance to business. The journal evaluated country risk in terms of the following criteria: economic performance, political risk, promptness of payment, credit worthiness or access to bank financing.

Austria’s economic and social partnership between management and labor representatives, which has been successfully practiced for decades, is not only the basis for one of the lowest strike rates anywhere, with only 0.8 strike days annually per 1,000 employees, but also ensures a low unemployment rate and a policy of wage restraint.

Climate change and natural catastrophes increasingly influence business location decisions. Austria ranks third worldwide concerning the security of energy supplies. Electricity is available more than 99 percent of the time. Austria is relatively free from natural catastrophes. Accordingly, it is not even listed in the risk evaluations of prominent international insurance companies.

The low crime rate and high level of legal certainty are not the only factors which are particularly attractive to companies. In respect to security of persons and property, Austria is ranked third in the EU according to the latest World Competitiveness Yearbook. Even in big cities, it goes without saying that people can safely use public transportation late at night or take a stroll around town after attending a theater performance without feeling unsafe.