World Champion Austria Vienna
Vienna – metropolis and world-class business location The Austrian capital excels in quality of life, stability, safety and infrastructure. It also carries the title ‘Greenest City’ – quite rightly so.
Research and development in Vienna 1,560 research centers and 848 R&D companies make Vienna the research centre of Austria, and with a research ratio of 3.6 percent, Vienna is also one of the top EU regions in this ranking. With 5.3 percent of all Viennese employees, Austria’s capital is also Central Europe’s centre for basic research and applied research. 3.5 billion euros or 1,800 euros per inhabitant are spent on research and development every year according to the Vienna Business Agency. Alongside universities, universities of applied science and private universities, other non-university research institutes such as the Austrian Academy of Sciences, the Austrian Institute of Technology, the Christian Doppler Laboratories and the Ludwig Boltzmann Institute play an important role. Siemens, Böhringer-Ingelheim, Bosch and Kapsch have the highest research and development expenditures. Around 125,000 businesses are located in Vienna, including many world market leaders in their respective fields. More than 200 international corporations use Vienna for their regional headquarters, often responsible for the entire CEE area. Peter
Hanke, City Councillor for Finance, Economy, Digitisation and International Affairs, knows more about the business location. What is the current focus for Vienna as a business location? Our current focus is on finding the best possible ways to cushion the effects of the Covid crisis. Alongside measures for companies in Vienna to help tide them over during the crisis related eco-
Photo: Jungwirth/PID
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ienna is the world champion when it comes to quality of life, wether it’s the Mercer-Study, “The Economist” or the UN – Vienna is Number 1. In addition, Vienna reached the top spot in the worldwide “Greenest City” ranking and “Best Startup Hub in the world” ranking. The city has a world-class infrastructure, for example Vienna Airport and its numerous train connections, and a global internet node with the Vienna Internet Exchange VIX. According to the “Guardian”, Vienna as the best-connected city by rail in Europe. With its high productivity, Vienna is one of the top regions in the European Union, states the Vienna Business Agency. Austria’s capital is also highly valued by many companies thanks to its geographic location as a hub to markets in the CEE region.
Peter Hanke, City Councillor for Finance, Economy, Digitisation and International Affairs
