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Growth of Foreign Controlled Enterprises in Austria

Published: October 31, 2018; 17:53 · (Vindobona)

Statistics Austria reports a slight increase in the number of foreign-controlled companies in Austria. As at 31.12.2016 there were around 10,800 companies in Austria that are part of a foreign group. In comparison, the number of foreign subsidiaries of Austrian companies remained constant.

Foreign Affiliates: Slight increase in foreign controlled domestic enterprises; number of Austrian affiliates abroad remains constant / Picture: © Wikimedia Commons / Fabian Lackner [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

The foreign companies in Austria employed almost 600,000 people (+3.3% compared to 2015), generating sales of 246 billion euros (+3.7%).

At the same time, domestic companies had almost 5,900 subsidiaries abroad. These employed 1.08 million people (+0.3%) and achieved a total turnover of more than 380 billion euros (+7.5%).

Foreign-controlled companies more…

This article includes a total of 575 words.

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