In 2021, Austria recorded growth in investment activity. Foreign direct investment increased by more than a third (35%) compared to 2020, from 76 projects to a total of 103. In 2022, investment activity remained constant at this level, stabilizing at 101.

These are the conclusions of the “EY Attractiveness Survey”, conducted by the auditing and consulting organization EY to examine the attractiveness of Europe as an economic region and the actual investment projects of foreign companies in Europe. These projects created 2,913 new jobs in Austria. According to Gunther Reimoser, Country Managing Partner of EY Austria, the country is a strong and competitive business location.

Last year, Germany was again Austria’s most important investment partner. German companies were responsible for almost half of the approximately 100 investments in Austria in 2022. German investors led with 44 projects in Austria in 2022, followed by Switzerland, which financed 17 projects in Austria. The USA invested in 16 projects in Austria last year, an increase of more than 40% compared to the previous year’s level (2021: nine projects).