Take on political responsibility and sustainably renovate the location

In view of the resumption of the coalition talks between the ÖVP, SPÖ and NEOS, the industrial association (IV) appeals to the negotiators to quickly create clarity and to be responsible. After almost five months of discussions and negotiating, the political actors are responsible for creating stable framework conditions and sustainable to renovate Austria as a business location. The Austria location is under massive pressure through structural deficits, high costs for work, energy and bureaucracy as well as lack of investment incentives. What is now an ambitious reform package that focuses on competitiveness, innovation and economic growth.

Political stability as the basis for economic success

Industry calls for the formation of a government capable of acting, which provides a clear commitment to economic renewal. The long back and forth of the past few months has led to increasing further uncertainty among companies and investors, given the difficult economic situation – the industry is in the third year of the recession – this has further weakened the competitiveness of domestic industry. In addition, the geopolitical pressure from the new Trump administration in the United States is steadily increasing. Here you need clear and common answers from a strong Europe. National stable political conditions are essential to ensure planning security for the entrepreneurs in Austria again and bring the location back on course.