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Overseas Investments: Number of Austrian Subsidiaries Abroad Increased By 2%
Companies ♦
Published: October 14, 2019; 16:13 ♦ (Vindobona)
The number of foreign subsidiaries of Austrian companies that were part of a domestic group or owned by Austrian shareholders rose by 2.0% to around 6,000 in 2017.
In terms of destinations, Germany remains by far the most important market for Austrian foreign investments. / Picture: © German and Austrian crossed flags by Vindobona
After stagnating between 2014 and 2016, the number of foreign subsidiaries of Austrian companies rose again in 2017, according to Statistics Austria.
The marked increases in revenues (+7.2%) came from retail and wholesale trade as well as from foreign subsidiaries in the automotive trade and other financial and insurance services.
In terms of destinations, Germany…
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