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ARTICLE · 04 SEPTEMBER 1997

A Boost For Business - Reforms In 1997

AustriaAntitrust/Competition Law
Early 1997: Flexible work hours

  • Work around the clock, 365 days a year
  • Savings on overtime and Sunday surcharges through compensatory time

Summer: Trade Law

  • New expedited procedure for facility approvals
  • 80% of approvals within three months

Fall: Phone rates

  • Choice of multiple rate schedules
  • Modem-rates (Internet) fall from 67 to 16 groschen (5.2 to 1.2 cents) per minute

Winter: Immigration laws

  • Guaranteed entry for managers and specialists of international firms

Visit Austrian Business Agency's website at http://www.telecom.at/AustrianBusinessInfo or enter a text search 'Austrian Business Agency' and 'Business Monitor'.

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