Wednesday, 01. April 2015
21. 04. 14. - 16:00
Austria as an economic location is seriously under threat according to domestic business leaders.
The warning comes after several banks indicated that they were considering moving their headquarters abroad because of the taxes they were having to pay in Austria, and only last week steel industry voestalpine boss Wolfgang Eder also said that the tax burden and lack of interest in reforms of the government was also forcing him to consider going to the United States.
Eder confirmed: "At the moment we only see North America as a long-term location. The wrong environmental policy in Europe, the high taxes on strike and the fact that the government doesn't give this a chance to speak are all factors. I would regard it is highly unlikely that there any future factories in Austria."
In a report in the Austrian magazine Format they had the headline "so critical as never before" and offered the chance for 24 top managers in Austria to offer their opinions on the business situation in the country. The result is far from positive.
Managers complained of too high taxes, too many bureaucratic hurdles, a lack of any interest in reform and anger at the massively high energy prices for business and a lack of advantage in the country's energy policies.
They are echoing the views made earlier by Chamber of Commerce president Christoph Leitl, who said: "If the USA which was at the heart of the latest economic crisis can manage the growth of two percent, and strike only 0.2 percent, then that is a scandal."
According to the report in Format criticisms are coming in from all sides of business and getting louder all the time.
Hannes Androsch, one of the country's foremost industrialists said: "We are playing with our future potential. What we need is competitiveness and policies that encourage growth."
Andreas Untersperger, boss at Lenzing, said: "We need one simple clarity about energy costs over the next decade which are already high enough for Austria."
Georg Kapsch, president of the country's industrial association, the Industriellenvereinigung, said: "It cannot be that 60 percent of every wage increase ends up in state coffers."
Byron Haynes, boss of banking group BAWAG- P.S.K., said: "The taxing burden in Austria on the banking sector is simply not bearable and will have a very negative effect on future investment."
Gerhard Roiss, OMV-managing director said: "It would be better to simply milk the cow, and not to slaughter it."
Georg Wailand, who was the business managing editor at the bestselling newspaper the Kronen Zeitung, said: "Managers and businessmen feel that they are constantly left high and dry by the politicians. Austria is losing its attractiveness as an international business location. And we hear always the same argument - that the economic crisis is to blame.
"In fact since the financial crisis almost 6 years have passed. In other countries things are moderately starting to take a turn for the better. We need to use the wind of change now to leave behind the moaning and the excuses and finally to move forward. We need to come up with policies growth instead of spreading fear and anxiety."
Semmering Offers 50% Discount To Selected Heroes
The Magic Mountain Semmering will hold two Weeks of Heroes from 1st to 14th March as Panhans Holding Group says thank you to safety and well-being volunteers and professionals.
Skier Survived Almost Two Hours Buried Alive
A skier had a miracle escape after being buried under two metres of snow for nearly two hours during an avalanche in Austria, it was revealed last night.
Puppies Found Stuffed Inside Suitcase In Back Of Van
A litter of puppies destined for a dog farm was rescued after being found stuffed inside suitcases in the back of a van.
Kangaroo That Hopped It Spotted In Garden
Austrian police investigating reports of an escaped kangaroo have been given concrete proof after a local woman managed to photograph the animal in her back garden.
First Images Of Eurovision Stage
These are the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year's winner Conchita Wurst.
Russian Mafia Boss Nabbed At Vienna Railway Station
A Russian mobster wanted for a string of brutal murders was arrested in the gentile Austrian capital Vienna when commandos swooped as he went to buy a train ticket.
Teen Girls Arrested After Offering Themselves To IS Fighters
Austrian officials who recently cracked down on terrorism by arresting several people believed to be recruiting and fundraising for ISIS have revealed two more teenage girls tried to leave the country to marry terrorist fighters.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
The most popular stories –
last 7 days
|Uncle Hung Boy From Fence As Punishment|
|Four Needles In Teens Body Including One In Heart|
|Baby Kangaroo In Pouch Found To Be Albino|
|Shoes That Change Colour And Pattern Using App|
|Bad Boys As Drunk Men Behave Badly In Kindergarten|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.