IV Federation of Austrian Industries

Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.

May 5, 2014

Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.

April 16, 2014

Austria: IV Welcomes Government‘s Decision on Hypo

According to Kapsch, president of IV, Hypo Group’s insolvency would have meant uncertainty and damages to the reputation of the business location Austria.

March 14, 2014

Hypo Group: Decision about Future Delayed

The decision about the future of Austrian problem bank Hypo will be delayed.

February 28, 2014

Austrian Industrial Sector only Sees Weak Recovery

The Federation of Austrian Industries (IV) warns about a fragile economic recovery.

January 30, 2014

Austria: Kapsch Delivers Warning to Policy-Makers

Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.

December 27, 2013

Austrian Business Location in Danger?

The Federation of Austrian Industries (IV) has carried out a survey on the Austrian business location. Most interviewees are pessimistic.

December 14, 2013

Austria: High Tax Country

According to the new tax report of PrinceWaterhouseCoopers (PwC), the tax burden in Austria is ten percent higher than the average tax rate in the European Union and even beats Sweden.

November 19, 2013

Federation of Austrian Industries Urges for Reforms

IV (Federation of Austrian Industries) has high hopes. The next Austrian government has to implement a number of reforms, IV´s President Georg Kapsch says.

October 12, 2013

Keuschnigg Advises Austria to be Patient

According to Keuschnigg it was not possible to increase the core capital quota of the banks to the level necessary or to reduce public debts by 120 percent in two years only.

October 4, 2013

Austria: Struggling to Keep up with Economic Growth and Competitiveness

IV demands overhaul of funding policy by the government so that Austria will improve in international competitiveness.

October 1, 2013

Austria: IV Warns Policy-Makers

The Federation of Austrian Industries (IV) considers the low voter’s turnout as an alarming sign.

September 30, 2013

Austria: Kapsch Demands Reform Agenda From New Government

Georg Kapsch, President of the Federation of Austrian Industries (IV) demands the next federal government to introduce a comprehensive reform agenda.

September 27, 2013

Kapsch: Enormous Problems at Austrian Business Location

President of Federation of Austrian Industries (IV) Georg Kapsch confirms the criticism voiced by President of the Austrian Chamber of Commerce (WKO) Christoph Leitl and several other politicians by the Austrian People’s Party (ÖVP).

August 28, 2013

Austria Suffers from Company Exodus

Due to the relocation of businesses, the Austrian state has lost tax intake of € 1.3bn since 2008. The Austrian group taxation model must not be abolished experts of the Austrian Ministry of Finance say.

July 22, 2013

Federation of Austrian Industry Defends Group Taxation

The Federation of Austrian Industry (IV) argues that the Austrian business location would be endangered without the group taxation.

July 20, 2013

EU Commission: Action Plan for Steel Industry in Europe

During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.

May 7, 2013

Austria: Will Holidays on Thursdays be Abolished?

Minister of Infrastructure, Bures and President of IV announced to discuss the matter.

April 10, 2013

Austria: How to Finance Future Innovations

„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).

April 9, 2013

Financial Transactions Tax: Austria Expects Tax Intake of € 500m

The Austria government is optimistic to reach the fiscal goal. The Federation of Austrian Industries (IV) warns of detrimental effects for the real economy.

February 16, 2013

Austrian Governing Parties Disagree on EU Budget

The Austrian people´s party (ÖVP) has criticized Federal Chancellor Werner Faymann (SPÖ). The social democrats argue that the coalition partner ÖVP has “no team sprit”.

February 11, 2013

“Not Enough Support for Growth and Competitiveness“

Georg Kapsch, President of the Federation of Austrian Industries criticizes that the EU budget does not contain enough future investments.

February 9, 2013

OeNB: Austrian Banks Remain Cautious

According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.

January 30, 2013

“Austria Becomes More Vulnerable to Recessions“

Christoph Neumayer, secretary general of the Federation of Austrian Industries (IV), argues that the low investments may cause a recession.

January 29, 2013

Austrian Industry Against Short-Time Work

According to IV (Federation of Austrian Industries), short-time work is too expensive.

January 8, 2013

Austrian Industry: „Cutting Non-Wage Labor Costs!“

The Federation of Austrian Industries (IV) suggests boosting employment by reducing non-wage labor costs.

January 5, 2013

Austrian Industry Calls for Flexibilization of Short-Time Work

Austrian businesses expect that short-time work may return. Three years ago, the

December 4, 2012

Austrian Industrial Federation Wants Higher VAT

Georg Kapsch, President of the Federation of Austrian Industries (I) calls for a VAT increase. The VAT rate remains unchanged at 20% of decades.

November 23, 2012

Austrian Industry: Downward Trend Continues

According to IV (Federation of Austrian Industries), the industrial production is stagnating. A trend reversal is not foreseeable. Pessismism is growing and unemployment will grow substantially.

October 22, 2012

Austrian Industry Reaffirms: „We need structural reforms”

The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.

October 13, 2012

“Austria´s Capital Market Needs Reforms”

The Federation of Austrian Industries (IV) calls for increasing the attractiveness of the Austrian capital market.

October 9, 2012

Austrian Socialists Call for New Taxes

The governing SPÖ wants to introduce new property and inheritance taxes.

October 4, 2012

Fekter Against Property Taxes

The Austrian Minister of Finance Maria Fekter (ÖVP) would support an income tax reform. Property taxes would not be acceptable, she says.

September 29, 2012

Austrian Industry Claims Tax Cut

The Federation of Austrian Industries (IV) wants a tax relief. In the coming years, the tax quota should be reduced to 38%.

September 20, 2012

„Banking Union Must Not Become Burden for Real Economy“

The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.

September 13, 2012

Austrian Industry Promotes Employment of Older Workers

The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.

August 29, 2012

Kapsch: “We Cannot Risk the Welfare State”

At the Alpbach Meeting, the President of the Federation of Austrian Industries (IV) Georg Kapsch underlines the necessity of competition. The

August 28, 2012

Real Income Development: Austrian Central Bank Opposes to UBS

According to OeNB (Austrian Central Bank), real income rose by 12.2% from 2000 to 2010. UBS recently published a study, which reported that the real income fell by 25%.

August 23, 2012

Kapsch Sees Austria´s Main Problem in Education Sector

In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.

August 22, 2012

Is the Euro Bad for Austria?

According to UBS, the Austrian real income was down by 35% since 2000. The introduction of the euro is the main reason, UBS says. UniCredit and the Federation of Austrian Industries oppose to the study.