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International Headquarters Vienna: Economic Importance and Future Potential
A recently published study by the economic research institute WIFO on behalf of the Austrian Foreign Ministry illustrates the significant financial impact of international organizations in Austria.
Alexander Schallenberg (l.) and Gabriel Felbermayr (r.) jointly presented the results of the study on Vienna as an international hub. / Picture: © BMEIA Bundesministerium für Europa, Integration und Äußeres / Flickr Attribution 2.0 Generic (CC BY 2.0 DEED)
These organizations, which include important institutions such as the United Nations (UN), the Organization of the Petroleum Exporting Countries (OPEC), and the Organization for Security and Co-operation in Europe (OSCE), play a central role in the Austrian economy. The report shows that the official seat in Austria secures almost 20,000 jobs and generates an annual value-added effect…
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