Austria's industry demands courageous reforms for sustainable growth

Austria's industry demands courageous reforms for sustainable growth

Laimgrubengasse 10, 1060 Wien, Österreich - European industry faces serious challenges. On the occasion of the current financial misery, the Industrial Association (IV) pleads for a fundamental budget renovation in Austria, which, however, does not rely on new taxes. Instead, the focus should be on a more efficient administration, the reduction of bureaucracy and the responsible use of public funds. "Austria has to get fit again and reduce being overweight instead of adding further calories," the IV asked. href = "https://www.ots.at/presseausendung/ots_20241206_ots0056/ industrie-budgetsanierung- outpatient-caution-fitness caution-off-upt-off-off-a-assetization"> ots reports .

In addition, the IV is pushing for an ambitious strategy to improve competitiveness in Europe at the informal council of European Economic Minister in Budapest. "The productivity gap compared to other global economic powers endangers our growth and achievement of the EU climate goals," said Christoph Neumayer, General Secretary of the IV, based on the Draghi report. Not only financial support is required, but also a long -term orientation in research, technology and innovation that focuses on key technologies. The IV also calls for the reduction of regulatory stress and the introduction of extensive economic reforms to ensure that Europe's competitiveness, as well as to IV reports .