Business Region Burgenland
Business Region Burgenland
Burgenland shares the border with three of the emerging economies of Eastern Europe: the Slovak Republic, Hungary and Slovenia. For the investor, locating in Burgenland means being able to enjoy western operational standards while tapping the surrounding eastern markets for their definite cost advantages.
Burgenland itself offers the investor all the benefits of a location within the European Union.
That means the very closest proximity to Eastern European Markets - also through crossboarder buissness parks. Moreover, it offers a well developed infrastructure near to the urban and industrial centre Vienna and three international airports. In comparison to the rest of Austria, Burgenland has low real estate prices and wage costs, and, as a “Objective 1″ region, it even qualifies for additional support measures.
In 1993, despite international recession, Burgenland achieved the highest growth rates for Austria in gross regional product and employment. This was due to in part to the surge in its exports to Central and Eastern Europe. Investors in Burgenland benefit from its good road and rail connections and its access to the Rhine- Main-Danube Canal.