WIFO: Lack of Competition in Austria

Politics ♦ Published: December 29, 2010; 23:40 ♦ (Vindobona)

According to WIFO, lack of competition is causing a growth bottleneck in Austria and requires legal action by the government and the EU.

WIFO: Lack of Competition in Austria / Picture: © WIFO

The Institute of Economic Research (WIFO) considers Austria as a country with low competition. Substantial positive effects on innovation and growth should be expected in Austria by means of a continued intensification of competition. In addition to requirements at EU level, domestic competition policy measures are "meaningful, possible and necessary." WIFO sees past shortcomings as…