Economic Policy

Economic policy

The aim of economic policy is to consistently improve the population’s quality of life by ensuring secure employment, growing incomes and the fair distribution of income, whilst at the same time considering appropriate social and environmental standards. In this context the Federal Ministry of Science, Research and Economy (BMWFW) primarily deals with questions of structural policy, ensuring the conditions to allow Austrian companies to be competitive in the long term.

The Ministry’s current focus areas are:

  • business location policy,
  • economic growth policy,
  • competition policy at the Austrian and European level.

Business location policy involves defining positions and measures to improve Austria’s international competitiveness, particularly for business start-ups. The results of this policy are closely connected with the implementation of the stimulus package, specifically where financial support from austria wirtschaftsservice (aws) is concerned. Competition policy creates the necessary market parameters for all other policies.

  • 28.320  Business starters in 2011
  • 40.8 % female business starters in 2011
  • 80 % still existing three years later

 

Business start-ups

Starting up one’s own business is an excellent choice for people who wish to work for themselves and who are prepared to put in above-average effort. New businesses give important impetus to the Austrian economy; they create new jobs and are a major engine for growth. The Ministry’s “business start-up” service supports you in your first steps to become self-employed.


Last Modified: 27.02.2014 18:27