Impact of Internationals in Austria Remains Huge

Lifestyle & TravelMore+ ♦ Published: December 29, 2020; 13:10 ♦ (Vindobona)

According to recent numbers, Austria's official residence secures more almost 19,000 jobs and has an economic impact of EUR 1.35 billion gross value added. This is a significant increase from 2018 although Covid-19 has turned diplomatic relations and encounters into a virtual setting.

The UNO-City in Vienna employs many international professionals that add value to Austria as a business location. / Picture: ©

On behalf of the Ministry of Foreign Affairs, the IHS Institute for Advanced Studies recently renewed its 2018 official residence study, which examined the economic impact on Austria of international organizations, diplomatic missions, and events organized by international organizations and international schools.

The study shows that the effect is a huge one. …