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Austria: How to Keep Enterprises (from Drifting Away)

Politics ♦ Published: March 19, 2013; 20:00 ♦ (Vindobona)

At the moment, there is a subtle fear in Austria’s economy that large enterprises are going to outsource to foreign countries which is currently the case with voestalpine.

Austria: How to Keep Enterprises (from Drifting Away) / Picture: © Vindobona.org

The steel manufacturing company has invested into a new plan in the US where taxes are more attractive than in Europe. And the more attractive business taxes, wage subsidies and low energy prices for foreign investors are the more urgent considering a new formulating of the European industrial policy will be.

According to head of WIFO (Austrian Institute for Economic Research)…

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