Stepic: Austria is Destroying its Business Location

Politics ♦ Published: February 12, 2011; 13:37 ♦ (Vindobona)

The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.

Stepic: Austria is Destroying its Business Location / Picture: © Flickr / St. Petersburg International Economic Forum

In an interview with the daily newspaper "Kurier", the CEO of RBI states his opinion about the Austrian economic policy in clear words: "We are doing everything possible to ensure that our competitiveness decreases. The business location Austria keeps constantly getting less interesting."

The CEO blames the political framework conditions for this: "But there is obviously nothing…

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