AUSTRIA

POLITICAL PARTIES AND IDEOLOGIES

POLITICAL STRUCTURE
Social Democracy: The Social Democratic Party of
• Austria is a federal parliamentary republic Austria (SPÖ) is a center-left political party and one
with of the two major parties in the country.
 a president as the head of state,
 a chancellor as the head of government, Conservatism: The Austrian People's Party (ÖVP) is a
center-right political party & the other major party.
 a Parliament consisting of the National
Council and the Federal Council.
Liberalism : The NEOS – The New Austria and
Liberal Forum is a liberal political party.
• The country's political structure is
characterized by a separation of powers Right-wing Populism: The Freedom Party of Austria
between the legislative, executive, and (FPÖ) is a right-wing populist political party that
judicial branches. advocates for national sovereignty.

• Member of EU (European union ) since 1995 and is a part of Green Politics: The Austrian Green Party (Die
Schengen Area. Grünen) is a left-wing political party
FREE MOVEMENTS OF GOODS AND PEOPLE WITH IN EU
 ECONOMIC ANALYSIS
Economic policy
Austria has a mixed economic system
which includes SOCIAL + MARKET
ECONOMY
In January 2023, the Unemployment Rate Infrastructure Tourism
Labor Trade
in Austria was an estimated 7.6 percent . Policy Policy
Market Policy Financial
AUSTRIA PER CAPITA : $53,638 Monetary Policy Innovation Healthcare
Policy Policy regulations
Policy
% OF 484.69 Billion$ (GDP)
Agricultural Sector;
2%
Industrial Sector;
28%

Service Sector; 70%

Service Sector Industrial Sector Agricultural Sector

 SOCIA
Languages

Healthcare LCrime
Ot
he
Aging rs

Education population
10 Turkish
% 2%
German
Others
Turkish

German
88%

with a high
Education is Well-developed low crime rate proportion of its Population =
highly valued healthcare with compared to citizens over the age 9million
Nearly 99% of universal many other of 65. This presents
the population is coverage & a countries, with challenges for the
literate & they high standard of low levels of country's healthcare Rural
offers free care. and social security Urban
violent & Rural
34%
education to all Country spends systems, as well as
property crime. Urban
students up to approx 11% of for the economy as
66%

the age of 18. has a strong

its GDP a whole.
justice system
 Technological Analysis
Digital Infrastructure : Well developed , including fiber optic
and broadband networks, allows businesses to operate online and benefit
from digital technologies, improving efficiency and productivity.

Investment in research and development (R&D): invests

heavily in R&D, with a total R&D expenditure of €12.4 billion in 2020.

Industry 4.0: They are a leader in Industry 4.0, which refers to the
integration of advanced technologies such as robotics, automation, and
artificial intelligence into manufacturing and production processes.

Government initiatives: The Austrian government has launched

initiatives to support the adoption of new technologies and drive innovation.
For example, the Digital Roadmap Austria 2025
Startup ecosystem: Austria has a vibrant startup ecosystem,
with over 2,000 startups and more than 14,000 people employed
in the startup sector as of 2021.
 ENVIRONMENTAL
Waste Energy Renewable Sustainable Austria is home to a
Management Efficiency diverse range of
Energy Transport wildlife, including
.
brown bears, lynx,
wolves, and eagles.
RICH
BIODIVERSITY.
Track to achieve
Businesses are Businesses are its target of
Businesses must Businesses are
comply with req to implement encouraged to encouraged to reducing emissions
waste mng t measures to invest in promote by 36% by 2030
regulations that increase energy renewable sustainable compared to 2005
efficiency & energy sources, transport
require them to levels.
sort, recycle, reduce such as wind, options, such as
and dispose of greenhouse gas solar, and cycling, public In 2019, the
waste in an emissions. hydropower transport, and country's recycling
environmentally (Conduct audits (Country electric rate was 63.8%, and
responsible and implement offers various vehicles the landfilling rate
manner. measures) Incentives ) (incentives: was only 6.2%.
subsidies etc.)
• Austria's legal system is based on the civil law tradition, which is influenced by the
Napoleonic Code.

Business regulations Labor laws Environmental

Austria has a business-friendly Austria has a highly regulations:
Austria has a strong
regulatory environment, with a regulated labor market, with
strong protections for
commitment to
low corporate tax rate and a environmental protection,
simplified business registration workers. The country has a
minimum wage and a with laws governing air and
process. The country is ranked
maximum workweek of 48 water pollution, waste
22nd in the World Bank's
Ease of Doing Business hours. Employers must also management, and renewable
Index. provide paid vacation time energy.
and sick leave.
• Transparent judiciary
The country is ranked • Supreme court is the
highest court
4th in the 2020 • Contract enforcement
Environmental law
Performance Index. • Anti –Discrimination
Laws
 Best Business Acc. to PESTLE
Renewable energy: Austria has a strong commitment to renewable energy,
with a goal to reach 100% renewable energy by 2030.
# The country has a well-developed infrastructure for wind, hydro, and solar power,
and there is a inc demand for green energy solutions.
# Businesses that specialize in renewable energy technologies, such as solar
panels, wind turbines, and energy storage systems, have a good scope in
Austria.
# This business can take advantage of the favorable government policies, high
demand, and growing concern for the environment to thrive.
Technology: High penetration of internet and mobile phone usage in Austria.
•Austria has a strong focus on innovation and research and development
•Well-funded science and technology sector in Austria
•Growing market for businesses specializing in software development,
cybersecurity, data analytics, and digital marketing in Austria
•Innovation-friendly environment in Austria.(Highly skilled workforce in
Austria)
•All these factors make Austria an attractive location for technology businesses
Austria has a favorable legal environment for businesses and investors, with a stable
political and economic environment, a diverse and inclusive society, a highly developed
technological infrastructure, a strong commitment to environmental protection, and a
well-established legal system.

Thank
You