New government program: Austria's path to economic recovery!

Austria is on the verge of a new departure: After months of political turbulence, the three-party coalition of ÖVP, SPÖ and NEOS is finally getting going. The government program “Do the right thing now. For Austria” places a clear focus on strengthening the domestic economy. This positive turnaround was welcomed by numerous business representatives, such as LEADERSNET, enthusiastically received. Accordingly, competitiveness should be promoted through tax relief, improved employee bonuses and the abolition of the obligation to provide receipts for small amounts in order to open up new opportunities for companies.

But that's not all! The National Reform Program 2024 also responds to the recommendations of the EU Commission. These are particularly aimed at the challenges of the energy transition and digitalization, as the federal government stated in federalgovernment.de highlights. The measures are intended not only to reduce inflation - the inflation rate fell to 2.5 percent in February 2024 - but also to mobilize private investment and strengthen the labor supply. At the same time, the federal government's recovery and resilience plan with an impressive volume of 28 billion euros is a further sign that Austria is actively tackling the challenges of the future.

Business representatives are optimistic

The new government program has met with broad approval in the business community: the business association sees it as an unmistakable signal for small and medium-sized companies. In addition, the industrial association praises the need for sound budget management and welcomes planned reforms. The establishment of a fund of funds to improve capital raising for start-ups and SMEs is also seen as a significant step. Investors and entrepreneurs see this as an opportunity to strengthen Austria's innovative strength and create a positive economic landscape. From employees to companies – everyone is excited about the upcoming implementation of these promising measures.