Number of Foreign-Controlled Companies in Austria Up By Around 6%

BusinessInvesting in Austria ♦ Published: October 4, 2019; 11:11 ♦ (Vindobona)

The number of Austrian companies that were part of a foreign group or owned by foreign shareholders rose by 5.9% to almost 11,500 in 2017.

Foreign controlled companys of great importance for Austrian economy and labour market / Picture: © Wikkipedia / Robert F. Tobler

Foreign-controlled companies of great importance for the economy and the labour market

Although foreign-controlled enterprises accounted for only 3.4% of all domestic enterprises in the market economy sector, more than one in five employees in this sector (21.0%) worked for a foreign-controlled enterprise and more than one in three euros (34.6%) of turnover was generated by a…