Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for September
M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Business leaders say Austria is too expensive

Angry business leaders say Austria is too expensive

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."

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Tag cloud:
energy  burden  percent  Austria  Eder  policies  taxes  leaders  crisis  Hannes  banking  Format  growth  factors  president  reforms  lack  simply  government  business

Latest News

 

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

Japanese Pervert Planned Natascha Kampusch Style Kidnap
A Japanese man inspired by Austrian pervert Wolfgang Priklopil kidnapped a 10-year-old girl and kept her in a purpose-built cellar where he planned to train her to become the perfect wife.

German Hiker Yodels For Help After Getting Trapped In Cattle Grid
A portly hiker dressed in traditional Lederhosen was rescued after he yodeled for help after getting stuck for three hours in a cattle grid.

Austrian Wine Grower Sets New Record For Maturing Grapes
An award-winning Austrian winegrower is believed to have set a new record after leaving harvested grapes for an incredible nine months before fermenting them to create an ultra-sweet white and red wine.

Austrian Castle Owner Shocked By Airplane Wheel In Duck Pond
An Austrian castle owner got a shock after discovering this massive aircraft wheel had landed in his duck pond.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

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.


Austrian Zimmers