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New Funding for Economic Transformation in Austria
The Ministry of Labor and Economic Affairs (BMAW) has announced a new funding track under the Climate and Transformation Offensive. The Austrian Research Promotion Agency (FFG) supports the Austrian economy in the transformation and the BMAW provides €300 million for research funding until 2026.
March 1, 2023
Austria as a Pharma Industry Location: 50 Million Euro Investment Package for the Life Science Sector
In order to strengthen one of the most important economic sectors of the domestic economy, the pharmaceutical industry, the budget for the funding program "Austrian Life Sciences" was recently presented. Minister of Economics Margarethe Schramböck hopes that this will make Austria more attractive as a business location for life science companies.
April 1, 2022
Austria's Top Managers Launch Economy4Future Initiative
Some of Austria's top managers have launched the economy4future initiative, which focuses on the fight against climate change. The campaign wants to promote dialogue between big companies and young people in order to better shape the economic future in harmony with the resources of the planet.
November 26, 2020
Facilitated Stock Exchange Access for Small and Medium-Sized Enterprises at the VSE
As a result of an amendment to the Austrian Stock Corporation Act (Aktiengesetz), as of 21 January 2019 it will again be possible for small and medium-sized enterprises and growth companies registered in Austria in the legal form of a stock corporation (AG) with small free float to gain access to the Vienna Stock Exchange via the newly created market segments "direct market plus" and "direct market".
October 19, 2018
Austria's Capital Market for SMEs on the Brink of a Renaissance
Finance Minister Hartwig Löger plans to revive the Austrian capital market for SMEs by making trading of bearer shares of Austrian companies on the Third Market possible again.
April 11, 2018
Austria: Calls for Reduction of Bureaucracy Become Louder
Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.
April 23, 2014
Leaders from Western Balkans Meeting at EBRD
Prime Ministers from the Western Balkans are gathering to discuss economic cooperations.
February 25, 2014
Slovenia: SMEs Protest Against Real Estate Tax
Tax bills would rise by many times for small business owners.
February 24, 2014
“Polish Economy at Crossroads“
In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.
February 21, 2014
Erste: CEE Financial Market Not Concerned by Low Inflation
Low inflation will not change CEE market forecasts, according to Erste Group.
February 18, 2014
Challenging Business Environment for Croatian Banks
Last year profits of Croatian banks declined more than 73 percent.
February 12, 2014
Austria: First Signs of a Credit Crunch
According to the CFO barometer, large enterprises fear that the access to bank loans will continue to worsen. Austrian SME want to become more independent of banks.
February 3, 2014
EBRD Presents New Strategy for Bosnia
The new strategy focuses on the development of small and medium-sized enterprises and the exporting industrial sector.
January 25, 2014
CEE: Insolvencies Declining But Larger Effect
The number of insolvencies in Central and Eastern Europe (CEE) is declining. However, the individual insolvencies are becoming larger, as reported by French credit insurer Coface.
January 23, 2014
Hungary: Forex Loan Problem to be Solved
According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.
January 17, 2014
Austrian SME Suffer from Credit Shortage
The real economy benefits only partly from the low interest rates. According to Creditreform, borrowing becomes more and more difficult for small and medium-sized enterprises.
December 20, 2013
Erste Group to Reduce Goodwill
Erste Group reduces goodwill by about EUR 350 million.
December 17, 2013
RBI Calls for Better SME Financing in Europe and CEE
RBI CEO Karl Sevelda calls for improvement of SME financing.
November 28, 2013
WKO: Better Framework Conditions for SMEs
Small and medium sized enterprises (SMEs), with between 10 to 249 persons employed, are a driver of the European economy, creating jobs and contributing to economic growth. WKO calls for better framework conditions for SMEs.
November 26, 2013
Treichl: Requirements for Banks Increased Massively
According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).
September 17, 2013
„Demand for Loans Will Grow“
In an interview with „Wirtschaftsblatt“, Vice-President of EIB (European Investment Bank) Wilhelm Molterer indicates that banks may not be prepared for an increasing demand for loans.
September 6, 2013
Czech Republic: SME Suffer from Credit Crunch
The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.
August 24, 2013
Croatia Receives Major Loan from EIB
The European Investment Bank grants a € 250m loan for the new EU member.
July 23, 2013
Austria Climbs to Fifth Place in Entrepreneurial Rankings
The world's largest entrepreneurship study reports rises in business start-ups in Austria.
February 7, 2013
Hungary: Gross Earnings Growing
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.7%.
October 18, 2012
Austria Underlines Importance of Austerity Measures
“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.
October 17, 2012
Austrian Budget: Experts Call for Further Reforms (Part 3)
Economists think that the budget does not contain enough reform steps. The opposition does not see any signs of progress.
October 16, 2012
Austrian Companies Expect Stricter Lending Conditions
Credit costs will increase in the coming years, a significant majority of Austrian managers says. As a result, the equity quota of Austrian small and medium-sized enterprises (SME) is growing.
September 17, 2012
Austrian Middle Class Demonstrates Optimism
According to a recent study, Austria´s middle sized firms expect a positive future. The willingness to invest is growing.
August 25, 2012
Austrian Companies Boost Service Sector
A massive 85% of the 26,172 business start-ups in Austria are operating in the promising service sector.
August 23, 2012
European Congress of Small and Medium – Sized Enterprises in Katowice
From 24th to 27th September 2012, the II European Congress of Small and Medium – Size Enterprises will take place in Katowice, Poland. 50 discussion panels are planned including over 250 speakers with 3500 participants.
August 21, 2012
Support for Export-Oriented SMEs
The Austrian Ministry of Finance increased the bill guarantee facility for small and medium-sized enterprises to € 1.2bn.
June 29, 2012
Austria Stresses Balance Between Growth and Austerity
At the negotiations on the EU financial plan 2014 – 2020 in Denmark, Austria proposes to establish a growth fund accessible to SMEs.
June 13, 2012
Austrian SME as Innovation and Job Engine
SMEs account for 66 per cent of overall employment in Austria and have created 44,000 new jobs over the last four years. Bank Austria underlines the importance of innovation.
May 16, 2012
Austrian Labor Market: Most Jobs in SME
The quantitatively most important employer in Austria are still small and medium sized enterprises. Above all, handicraft enterprises are a major pillar for the domestic labor market.
May 12, 2012
Leitl: „EU Needs Budget Consolidation and Growth Measures“
The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.
May 5, 2012
Growth in Austrian IT Industry
In 2011, the Austrian Information Technology and Communication Industry achieved revenues of € 54bn. This corresponds to an increase of 6.6%.
March 26, 2012
EIB: Fewer Funds for Austrian Companies
After a record in 2011, the European Investment Bank (EIB) will reduce lending to Austrian companies this year.
February 24, 2012
Worsening Economic Outlook for 2012
Economists and analysts expect a massive fall in Austrian economic growth for 2012.
January 4, 2012
Austrian SME Become More Cautious
Due to the weak economy, the euro-crisis, the decrease in public expenses and equity requirements, small and medium-sized enterprises are more reluctant for investments.
December 27, 2011
Mitterlehner Pushes for more Venture Capital
The Austrian Minister of Economics, Reinhold Mitterlehner wants to increase efficiency and reduce redundancies in economic subsidies.
December 10, 2011
Decreasing EBIT for Austrian SME
Domestic Small and Medium Enterprises record a decline in their return on investment. Lower finance costs could offset this effect. 40% of all SME are in the red zone.
October 5, 2011
German and Austrian Economy Claim Improvements for Company Loans
Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.
September 20, 2011
Increasing Equity Quotas of Austrian SME
The average equity quota of Austrian SME in 2009/2010 was 28%. This is an improvement against the previous years. However, 30% of SMEs are overindebted.
September 19, 2011
Lack of Reforms as a Threat for Start-Ups
The organization of young entrepreneurs demands improvement of framework conditions for start-up enterprises.
July 26, 2011
Austrian SME Increase Investments
Sentiment in the SME sector is improving: 60% are planning to grow in the medium to long term. Enterprises increasingly rely on internal financing.
July 6, 2011
“We Need to Increase Support for SME”
Experts say the government’s efforts for increasing the research quota are half-hearted. € 600m per year would be necessary to achieve the target.
June 24, 2011
OeKB Facilitates Austro-Russian Projects
A recently signed agreement will increase the cooperation between OeKB and Russian Vnesheconombank.
May 27, 2011
Upswing in Austria’s SMEs
Austrian small and medium enterprises expect a significant improvement in business conditions for 2011. The equity situation however remains problematic.
May 5, 2011
aws: Willingness to Invest in Austria’s Manufacturing Industry Grows
The investment projects promoted from January to March 2011 were larger and more ambitious than one year ago.
April 22, 2011
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