Austrian SME as Innovation and Job Engine

BusinessEconomy ♦ Published: May 16, 2012; 10:44 ♦ (Vindobona)

SMEs account for 66 per cent of overall employment in Austria and have created 44,000 new jobs over the last four years. Bank Austria underlines the importance of innovation.

Austrian SME as Innovation and Job Engine / Picture: ©

"All over Europe, we have to not only save, but also make targeted reforms and investments," stressed Willibald Cernko, CEO of Bank Austria, adding, "The potential for 27 million jobs by 2020 in the fields of 'green jobs' and 'healthcare' alone along with continuously rising demand for experts in the field of 'information and communication technologies' represent a clear mandate to…