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Austria and the EU

Latest business news about Austria and the European Union.

Austria's Good Friday law discriminatory: EU Court
Austria's granting of a paid public holiday on Good Friday only to employees who are members of certain churches constitutes religious discrimination prohibited under EU law, the EU's top Court has ruled.

Migration top priority as Austria takes over EU presidency
"A Europe that protects" is the motto of the Austrian presidency of the Council of the EU, which the country took over from Bulgaria on 1 July, putting migration and security issues at the top of its priority list.

Austria misrepresentation of government debt data
The European Commission adopted a proposal for a Council implementing decision on 22 February for Austria to pay a fine of EUR 29.8 million for the misrepresentation of some government debt data.

EU Strategy for the Alpine Region
The European Commission officially launched the EU Strategy for the Alpine Region (EUSALP) - the fourth EU macro-regional strategy - on 28 July. More than 70 million citizens will reap the benefits of a closer cooperation between regions and countries in terms of research and innovation, SME support, mobility, tourism, environmental protection and energy resources management. This macro-regional strategy concerns seven countries; five Member States - Austria, France, Germany, Italy and Slovenia - and two non-EU countries - Liechtenstein and Switzerland - overall involving 48 regions.

Austria: country overview
Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. The most important sectors of Austria’s economy in 2015 were wholesale and retail trade, transport, accommodation and food services (22.9 %), industry (21.9 %) and public administration, defence, education, human health and social work activities (17.4 %). Austria’s main export partners are Germany, the US and Italy, while its main import partners are Germany, Italy and Switzerland.

Doing business in Austria: Sustainability
This guide outlines the main legislation in Austria which encourages businesses to adhere to sustainability standards.

Doing business in Austria: Staff welfare
This guide gives brief information on the legislation which directs social rules in the workplace in Austria.

Doing business in Austria: Environmental rules
At present, there is no uniform Austrian environmental code of law. Instead, the legal foundations of environmental protection are determined by various laws.

EU approves restructuring of Austrian bank BAWAG
The European Commission has authorised under EU State aid rules a €550 million capital injection provided by Austria in favour of the BAWAG bank and approved a new restructuring plan of the bank.

EU approves acquisition of Mobil Oil Austria by ENI
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Mobil Oil Austria by Agip Austria, which is wholly controlled by ENI of Italy.

Commission authorises Austrian scheme for farmers aid
The European Commission authorised an Austrian scheme with a budget of approximately €1.2 million which aims at supporting farmers in Austria who encounter difficulties as a result of the current economic crisis.

Dorda Brugger Jordis Rechtsanwälte
Since its establishment in 1976 Dorda Brugger Jordis has grown into a leading business law firm in Vienna, Austria.

European Commission Representation in Austria
Contacts of the European Commission representation in Austria

Austria Investment Climate 2009
Major structural conditions and the decisive parameters for foreign investors remain unchanged and favorable, despite the global economic downturn. As a small, open and highly internationalized economy, Austria is swayed by world developments including the current downturn: 2009 will be the first full-year recession in Austria since 1981.

Access to finance - Austria
There are various types of direct state support in Austria for the promotion of business as well as one-off subsidies, interest subsidies, low interest loans, state equity capital financing, state assumption of liabilities and state guarantees.

Starting a business in Austria
The key laws for establishing companies in Austria are the Austrian Commercial Code (UGB), the Austrian Trade Law 1994 (GewO 1994), the New Companies Promotion Act (NeuFöG) and the Commercial Register Act (FBG) and the Federal Law on Special Assistance for Small and Medium-Sized Enterprises.

Austria and the euro
Austria joined the European Union in 1995 and was in the first wave of EU countries to adopt the euro on 1 January 1999.

Find an office in Austria
Instant Offices Austria

Find an office in Austria
Instant Offices Austria

Austria country profile
Austria became a member of the EU on January 1, 1995. It is a Federal Republic composed of nine regions, one of which is the capital Vienna, subdivided into districts and town councils.

Austrian Business Agency
The Austrian Business Agency (ABA), a government-operated consulting firm, is the international investor's first business address in Austria.

National holidays in Austria
National holidays in Austria from world-calendar.com

Taxation and Investment in Austria (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Austria Highlights and Taxation and Investment Guide, above, the following links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.