NET INVESTMENT MORE THAN DOUBLES PREVIOUS ANNUAL RECORD
Is it the strong purchasing power of enterprises based in Austria, supported by its "hard" currency and economic stability? Is it the proximity and connections to the high-growth Eastern European markets? Or is it Austria's European Union membership that is attracting foreign investment?
According to Austria's Institute for Economic Research (WIFO), all of the above factors contributed to another record year for net foreign investment here in 1996. The Austrian National Bank reports that foreign investors directed ATS 40.2 billion ($3.4 billion) to the nation's economy last year, around ATS 22 billion ($ 1.9 billion) more than in 1995. 90 percent of this investment came from EU states - with Germany, the Netherlands and Great Britain the leading contributors by far.
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