How the War in Ukraine Affects Austrian Businesses

PeopleEntrepreneurs ♦ Published: July 19, 2022; 09:06 ♦ (Vindobona)

Besides causing enormous humanitarian and political problems, the Russian invasion has also caused a chain reaction in the economy that has been felt worldwide. Austrian Institute of Economic Research (WIFO) published a survey that examines exactly these questions in order to determine how strongly Austrian companies feel the crisis impacts them and which sectors are most affected.

The majority of Austrian companies feel affected by the Ukraine crisis. / Picture: © Marina Tower Holding GmbH

In addition to enormous humanitarian and political problems, the Russian invasion of Ukraine also caused an economic chain reaction that is being felt internationally. In order to find out how strongly Austrian companies feel affected by the crisis and which sectors are particularly affected, the Austrian Institute of Economic Research (WIFO) published a survey in which they…