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Austria: At the heart of European innovation

A new government brings an investor-friendly outlook to the country

 

Austria’s tech-savvy hidden champions are catapulting global advanced man- ufacturing into the next decade. “Austrian industry made remarkable progress in 2018, creating 25,000 new jobs and growing at a rate of 2-3 percent,” says Christoph Neumayer, director general of the Federation of Austrian Industries (IV), a trade body with over 4,400 members. He puts this success down to the fact that “Our companies share the characteristic of being innovative and Austria spends 3.19 percent of its gross domestic product on research and development”….

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