Subsidies for New Investments in Austrian Economy

PeoplePoliticians ♦ Published: August 17, 2020; 14:00 ♦ (Vindobona)

The Austrian government has put in place an investment subsidy in order to support the Austrian economy during the Covid-19 crisis. Business investments will be subsidized with up to 14% of the eligible costs.

Federal Minister of Finance Blümel is reacting to the economic decline by providing EUR 1 billion for investment subsidies. / Picture: © Bundeskanzleramt (BKA) / Andy Wenzel

In order to support the Austrian economy in the wake of the Covid-19 crisis, the federal government has designed a new support program in the form of an investment subsidy, which creates an incentive for business investment. …