In 2019, 266 international companies relocated to Vienna, a record number for the eighth time in a row, latest City Hall press release shows.
Vienna’s mayor Michael Ludwig knows the reasons for this: “Stability and security are the factors with which our city is internationally associated despite all the economic challenges posed by the Corona crisis – a significant asset, especially in times of crisis. This has a positive impact on the demand of international companies.”
“The new companies put 731 million euros in investments in Vienna in 2019 and created 1,972 new jobs,” sums up Economic City Councilor Peter Hanke.
In 2018, the rate was EUR 231 million. The investment volume was thus more than tripled.
Germany, the biggest investor
Behind Germany with 61 projects, the United States came second in the list of the ten most important countries of origin with 25 companies located, doubling the figure by two and a half times compared to 2018. Switzerland took third place.
Two examples from the banking sector show how diverse is the range of international companies moving to Vienna.
In 2019, the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, opened a branch in Vienna, as did the start-up N26, which claims to become the world’s largest digital bank.