Vienna Sees 15% Rise in Foreign Businesses
The increase is due to a new city-run platform, providing information for international companies, startups and expats looking to settle in Vienna.
Investment in Austrian Start-ups Declines
The 2024 Start-up Barometer from EY shows total funding dropped by 17% from 2023, with the number of funding rounds also declining.
Austrian Small Businesses See Drop in Sales and Profit
Due to financial pressures, 28.6% of businesses, especially in manufacturing and construction, have reduced their workforce in the past six months.
Company Bankruptcies Rise by 22% in 2024
Liabilities are also expected to increase by 31%, with the rise mainly due to a string of high-profile insolvencies.
Austria’s Economic Decline: What Can Be Done to Stop It?
As the Austrian economy continues to struggle and businesses consider relocating, The International asks what strategies could be implemented to revitalise it.
Record Number of New Start-Ups in Vienna
The chamber reported 5,170 new businesses established in 2024 so far, up 2.5% from last year. Around 9,700 companies could be founded over the entire year.
Taylor Swift Shows Could Boost Vienna’s Economy by €100 Million
Swift’s 152-date Eras Tour has already become the highest-grossing concert series of all time, with last year’s US leg earning over $1 billion (€920 million).
Indian Leader in Historic Visit to Vienna
Indian Prime Minister Narendra Modi is the first Indian head of state to visit Vienna since Indira Gandhi in 1983.
