Top Austria Companies Database

As a software reviewer, I must say that Austria is currently one of the most competitive business locations in the world, thanks to several reforms that have been implemented in recent years. The "Economic Freedom of the World Report" highlights the country's business climate as one of the most attractive in the world, ranking it an impressive 15th on a global scale. This report is widely respected and serves as a testament to Austria's success in eliminating bureaucratic hurdles and creating opportunities for business growth.

One of Austria's significant strides towards a more pro-competition stance involves the relaxing of restrictions on entry into trades and professions, as well as the liberalization of the telecommunications, gas, and electricity markets. Additionally, competition laws themselves have been reformed in favour of a more even playing field for competitors. These changes have further levelled the field for businesses in Austria, especially with the establishment of an independent federal competition commission as part of the new antitrust law, which became effective on July 1, 2002.

As a result of these reforms, Austria has emerged as an outstanding competitor, cementing its place in the World Competitiveness Yearbook. In the most recent edition of the report, Austria has taken second place worldwide in the competitiveness category, a remarkable achievement that speaks volumes of the business landscape and opportunities available in the country. I strongly recommend Austria as a top choice for serious-minded software entrepreneurs wishing to take advantage of these business-friendly opportunities.