Austria is one of the countries in which the supply of venture capital and private equity is below average. This shows that venture capital plays an important role for the economy. It contributes to innovation, stimulates employment and investment and enables capital-constrained companies that do not have access to bank loans to develop further.
On behalf of ISPA (Internet Service Providers Austria), the economic research institute EcoAustria has examined the overall economic effects of broadband internet infrastructures and the digital services based on them. The result: both conventional basic broadband networks and modern high-broadband networks hold enormous potential for innovation, productivity and ultimately also for domestic economic growth.
In mid-October, Federal Finance Minister Magnus Brunner presented the draft budget for the coming year 2023. In a statement addressed to parliament, EcoAustria Director Monika Köppl-Turyna explains what the institute considers to be the most important recommendations for action for the coming year and beyond.
