Vienna: Austria’s Model Metropolis
Vienna is the federal capital of Austria and boasts almost two million inhabitants. The famous city on the Danube is the definition of success. The city is unbeaten regarding the quality of life and is the economic engine of the entire republic. Furthermore, it is a tourist destination for people around the world looking to visit the Old Town with its architecturally significant buildings built in the Middle Ages, Baroque, Classical, and Imperial periods.
Its location on the eastern edge of the German-speaking Europe region near Hungary and the Czech Republic gives the city important significance as political power and a destination for economic conventions. With a high proportion of foreign companies and investment, Vienna rivals the likes of New York, Geneva, and Nairobi as one of the four official seats of the United Nations.
Quality of life meets economic power: Everything you need to know about the state capital
The city’s labor productivity is well above the EU average. For example, as of 2018, 25% of Austria’s total GDP was generated in Vienna, and well over 9,000 new companies were founded here in 2019. The dominant sector is the service industry, in which countless start-ups and SMEs operate alongside large companies. Overall, the city takes pride in its innovation, which continues to be promoted by policymakers. The numerous renowned educational institutions and agile tech-future projects (digitization, ’’Smart City’’, e-health) combine to make Vienna attractive for representatives of a wide range of industries.
On paper, it may seem like Vienna’s economic pace leaves no room for the cultural side of urban life. But here, too, the city shines. Its musical institutions, such as the Philharmonic Orchestra, Symphony Orchestra, and State Opera Orchestra, are internationally recognized and once homes to a legacy of composers, such as Mozart, Strauss, and Beethoven. Vienna is home to concert halls, stages, festivals, museums, galleries, and is also an opera and theater hub. Entertainment of all kinds is celebrated, framed by renowned modern clubs and exceptional. Scattered throughout are the legendary Viennese coffee houses. For these reasons, Vienna has been ranked first 10 times in a row in the global ’’Quality of Living’’ metric by the consulting firm Mercer.
Vienna provides a perfect symbiosis of economic and cultural advantages. As one of the world’s premier cities, your business will thrive here. Contact us to rent a business center workspace and experience Vienna for yourself!
