Puneet Varma

Austrian Business Agency

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Founded  1982
Austrian Business Agency httpsinvestinaustriaatincludesimgabaheader

20 jahre tmg statement von dr ren siegl gesch ftsf hrer austrian business agency


My name is Diane Mitsche. I am an employee at ABA-Invest in Austria. In this function I am participating in Wikipedia, in particular the ongoing updating of the article about my employer. In this context I aim to comply with the valid rules. If this is not the case, please send me a short note to my discussion page or an e-mail.

Contents

Austrian Business Agency (ABA-Invest in Austria)

Austrian Business Agency - Österreichische Industrieansiedlungs- und WirtschaftswerbungsgmbH (ABA-Invest in Austria) is the national investment promotion company of the Republic of Austria. The organization is responsible for acquiring and providing professional consulting services to foreign companies that intend to establish a subsidiary or business operations in Austria. ABA provides information about Austria as a business location and advises companies on all relevant issues. The business settlement agency was founded as ICD Austria by the ÖIAG in 1982, and renamed Austrian Business Agency (ABA) in 1995. On the occasion of its 25th anniversary in 2007, ABA changed its corporate design and now uses the name ABA-Invest in Austria instead of Austrian Business Agency, because it shows more clearly the purpose of the company. ABA-Invest in Austria employs a staff of 25 people.

ABA supported a series of prominent international companies such as Sony, Infineon, Ikea, Matsushita Electric Works, Hutchison Mobilfunk, Holmes Place and Starbucks in their setting up business operations in Austria.

A specialized organization belonging to ABA, Location Austria, has been promoting Austria as an international film location since 1998. Location Austria in cooperation with Austria Wirtschaftsservice GmbH (aws) is responsible for coordinating funding measures within the framework of the initiative "Film Industry Support Austria" (FISA). This comprises an initiative of the Federal Ministry of Science, Research and Economy to support cinema films based on a non-repayable grant amounting to 25 percent of the Austrian film production costs entitled to funding. Due to the major success of the initiative, the funding model "Film Industry Support Austria" (FISA) has been extended for another two years. For more information refer to www.filmindustrysupportaustria.com.

20 jahre tmg statement von dr ren siegl gesch ftsf hrer austrian business agency


Areas of activity

Austria is in competition with the international community of states to attract foreign direct investment. The national investment promotion company aims to promote the competitive advantages of Austria as a business location, and expand the awareness of Austria as an industrial nation. Austria is the fourth most prosperous country in the EU, but is primarily considered to be a tourist destination and a cultural mecca.

ABA supports foreign companies in establishing their own business in Austria. Potential investors are informed about Austria as a business location, as well as about the economic, political and legal framework. The areas of activity of ABA-Invest in Austria include setting up all necessary contacts in Austria, identification and selection of appropriate sites, compiling all relevant information for a company such as cost factors (e.g. labor and infrastructure costs), tax aspects or the performance of different business sectors in the country. ABA is also available as a consulting partner for all expansion investments.

Foreign direct investments in Austria

ABA-Invest in Austria achieved record results in 2016, providing professional support to 319 international companies setting up business operations in Austria. Total investments amounted to EUR 705,22 million, creating 2,622 new jobs.

116 business location projects in 2016, comprising a 13% increase from the previous year, originated in Germany, the traditionally strongest investor nation. Accordingly, Germany was responsible for 36% of all ABA projects. Interest on the part of Chinese companies is also rising sharply. Twelve Chinese firms set up business operations in Austria in 2016 with the support of ABA, compared to seven in 2015. Some 70 companies, or one-fifth of all ABA investment projects, came from CEE/SEE countries. The top investor nations from this region were Hungary, Slovenia, Slovakia and Russia.

With 380 regional headquarters of multinational companies, headquarters location Austria is far ahead of its CEE competitors, namely Poland, Slovakia, Hungary and the Czech Republic. Austria is in the top ranks when it comes to international ratings for “soft” location factors such as quality of life, legal certainty, health care infrastructure and a clean environment.

On balance, ABA-Invest in Austria has concluded 3,478 international business location projects, attracting total investments of EUR 8.45 billion and creating 55,038 jobs, since its founding in the year 1982.

References

Austrian Business Agency Wikipedia


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