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Federation of Industries: “Industrial Compact“ for European Competitiveness

People ♦ Published: May 5, 2014; 16:29 ♦ (Vindobona)

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The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.

The Austrian Federation of Industries considers improving competitiveness as crucial. / Picture: © Vindobona.org

“Europe, as the entire economic area, has been gradually losing ground in relation to other regions like the USA or China. In the past six years alone up to six million jobs were lost,” Georg Kapsch, President of IV, pointed out. According to the Federation of Industries, competitiveness was the order of the day. To achieve this, “enterprises need more freedom” since without…