Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

is a

federal republic A federal republic is a federation of states with a republican form of government. At its core, the literal meaning of the word republic when used to reference a form of government means: "a country that is governed by elected representatives ...

and a

landlocked country A landlocked country is a country that does not have territory connected to an ocean or whose coastlines lie on endorheic basin, endorheic basins. There are currently 44 landlocked countries and 4 landlocked list of states with limited recogni ...

of over 8.7 million people in

Central Europe Central Europe is an area of Europe between Western Europe and Eastern Europe, based on a common historical, social and cultural identity. The Thirty Years' War (1618–1648) between Catholicism and Protestantism significantly shaped the area' ...

. It is bordered by the

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

and

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

to the north,

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

and

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...

to the east,

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an ...

and

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

to the south, and

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

and

Liechtenstein Liechtenstein (), officially the Principality of Liechtenstein (german: link=no, Fürstentum Liechtenstein), is a German-speaking microstate located in the Alps between Austria and Switzerland. Liechtenstein is a semi-constitutional monarchy ...

to the west. The territory of Austria covers . Austria is the 12th richest country in the world in terms of GDP (Gross domestic product) per capita, has a well-developed

social market economy The social market economy (SOME; german: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alon ...

, and a high

standard of living Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality ...

. Until the 1980s, many of Austria's largest industry firms were nationalised; in recent years, however,

privatisation Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

has reduced state holdings to a level comparable to other European economies.

Labour movement The labour movement or labor movement consists of two main wings: the trade union movement (British English) or labor union movement (American English) on the one hand, and the political labour movement on the other. * The trade union movement ...

s are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry,

international tourism International tourism is tourism that crosses national borders. Globalisation has made tourism a popular global leisure activity. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual en ...

is the most important part of the national economy. For further information on the types of business entities in this country and their abbreviations, see " Business entities in Austria".

Notable firms

This list includes notable

companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared go ...

with primary

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

located in the country. The industry and sector follow the

Industry Classification Benchmark The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX. It is used to segregate markets into sectors within the macroeconomy. The ICB ...

taxonomy. Organizations which have ceased operations are included and noted as defunct. File:Vienna DC.JPG,

Donaustadt Donaustadt (; literally, Danube City; Central Bavarian: ''Donaustod'') is the 22nd district of Vienna, Austria (german: 22. Bezirk, Donaustadt). Donaustadt is the eastern district of Vienna.Statistik Austria, 2007, webpage statistik.at-23450. ...

port. File:Vienna International Centre.jpg, International Centre in

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

. File:AustrianAirlinesHQ.jpg,

Austrian Airlines Austrian Airlines AG, often shortened to Austrian, is the flag carrier of Austria and a subsidiary of the Lufthansa Group. The airline is headquartered on the grounds of Vienna International Airport in Schwechat where it also maintains its hub ...

headquarters in Office Park 2 at

Vienna International Airport Vienna International Airport (german: Flughafen Wien-Schwechat; ) is the international airport of Vienna, the capital of Austria, located in Schwechat, southeast of central Vienna and west of Bratislava, the capital of Slovakia. It is the co ...

File:BAWAG001.JPG,

BAWAG BAWAG (German language: ''Bank für Arbeit und Wirtschaft'') was a bank in Austria founded in 1922. On October 1, 2005, it merged with the separate ''Österreichische Postsparkasse'' (P.S.K.) to form the "Bank für Arbeit und Wirtschaft und Öste ...

headquarters in the first Viennese district

Innere Stadt The Innere Stadt (; Central Bavarian: ''Innare Stod'') is the 1st municipal Districts of Vienna, district of Vienna () located in the center of the Austrian capital. The Innere Stadt is the old town of Vienna. Until the city boundaries were expa ...

File:Herrnhuterhaus Vienna 3886.jpg,

Billa Billa may refer to: Films *Billa (1980 film), ''Billa'' (1980 film), 1980 Indian Tamil film *Billa (2002 film), ''Billa'' (2002 film), 2002 Pakistani Punjabi film *Billa (2007 film), ''Billa'' (2007 film), 2007 Indian Tamil film, remake of ''Bil ...

Flagship-Store in

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

. File:Red Bull Headquarters 1 (DFdB).JPG,

Red Bull GmbH Red Bull GmbH () is an Austrian private company known for its range of energy drinks of the same name. It is also known for its sponsorship of a range of sporting events and teams. The headquarters of Red Bull GmbH are located in Fuschl am S ...

headquarters in

Fuschl am See Fuschl am See is an Austrian municipality in the district of Salzburg-Umgebung, in the state of Salzburg. It is located at the east end of the Fuschlsee, between the city of Salzburg and Bad Ischl. As of 2018, the community has approximately 1,50 ...

References

{{portalbar, Austria, Companies, Lists

Notable firms

See also

References