Austrian SME Become More Cautious

BusinessEconomy ♦ Published: December 27, 2011; 18:30 ♦ (Vindobona)

Due to the weak economy, the euro-crisis, the decrease in public expenses and equity requirements, small and medium-sized enterprises are more reluctant for investments.

Austrian SME Become More Cautious / Picture: ©

After an optimistic start at the beginning of 2011, the outlook for Austrian SME has worsened significantly. About 40% of the Austrian enterprises consider to reduce, delay or even cancel their planned investments. Peter Vorhofer (SME Research Austria) says: “The main question is, which actions the government plans. New taxes and austerity measures are being discussed often.…