Austria

Vienna, Lower Austria and Burgenland: strong players in the CENTROPE team

Vienna. Based on its economic potential, Vienna ranks amongst the strongest cities in Europe. Within CENTROPE, Vienna accounts for more than 40% of the gross domestic product of the whole Central European Region (according to 2007 Eurostat data) and thus acts as an economic hub featuring a wide range of service, financial and manufacturing enterprises. Roughly 150 international corporations use the Austrian capital as the control centre for their CEE activities, including global players such as Hewlett Packard, Eli Lilly or Siemens. Important international organisations such as UNO, UNIDO, IAEA or OPEC likewise reside here.

Lower Austria. Lower Austria benefits from its vicinity to the rapidly-growing markets of Central and Eastern Europe. Small and medium-sized companies represent the heart of the economy, being especially strong in the food, mechatronics and plastics sectors. Network and cluster activities foster innovation, research co-operation and internationalisation. Special clusters have been established for future-oriented industries, such as plastics, green building, automotive, logistics and food.

Burgenland. Burgenland’s economy is sustainably boosted by the tapping of new markets, new occupational profiles and new jobs as well as by the strengthening of its top position in the fields of environment and energy. The federal province boasts favourable conditions for the production of energy and biomaterials from renewable resources, which are used in the packaging, cosmetics and automotive industries. Wind energy is another key aspect of Burgenland’s economy. Its 210 wind power plants generate two thirds of the federal province’s annual electricity demand. It is a medium-term objective to attain total self-sufficiency in power generation by 2013.