Business For Sale Austria | Business For Sale Listings
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Get to Know About Austria
Austria is a landlocked mountainous country in south-central Europe. The Czech Republic and Germany border it to the north, Hungary, and Slovakia to the east, Slovenia and Italy to the south and Switzerland and Liechtenstein to the west. The climate is predominately alpine due to the presence of the Alps with the highest point at the Grossglockner at 12, 460ft. The capital of Austria is the historical Vienna.
Besides Germany, Austria is the only country where the official language is German. There are other provisional dialects of German spoken (Weinerisch), while the south and east Austria speak Slovenian and Croatian as their first language. The estimated population is roughly 8.7 million inhabitants.
Austria offers investors an ideal condition for doing business characterized by its free-market economy. Any foreign investor has an opportunity to choose from a highly industrialized, especially in the service sector when doing business in Austria. The most significant industries include food and luxury commodities, steel construction, chemicals, mechanical engineering, and vehicle manufacturing. On the other hand, organic farming within the agriculture industry sets Austria up higher among the EU member states. Austria’s government have historically been trying to improve the business environment through the reduction of the corporate tax rate and introducing a flexible labor market reforms. The facts are that the openness, resilience, and abundant skilled workforce have strengthened the competitiveness of doing business in Austria.