The Austrian Federal Government is making € 23 million in funding available for drug research to fight the coronavirus. The financial support primarily targets projects designed to conduct research into the effectiveness of existing drugs as a means of combatting the coronavirus. The additional funding is designed to accelerate the required clinical studies.

The current restrictions by the Austrian government for combating the COVID-19-pandemic lead to several complex legal and tax questions. Deloitte advisors respectively Jank Weiler Operenyi / Deloitte Legal advisors inform you about possible legal and tax implications and developments.

The German chip manufacturer Infineon is massively expanding its capacities in Austria.

The Tyrolean physicist Wolfgang Lechner has been granted a Google Faculty Research Award in the category Quantum Computing.

BioLife Europe currently operates more than 30 such centres in Europe, ten of which are in Austria, four of these ten located in Vienna.

The Swiss industrial group ABB is currently making the largest organic investment in industrial automation in its history at the headquarters of B&R in Eggelsberg, Upper Austria.

Companies carrying out research and development in Austria have the possibility to apply for research funding, namely the so-called research tax credit. In an international comparison, the Austrian research tax credit is a recipe for success and is designed to showcase and enhance the attractiveness of Austria as a research location.

Now a new study has confirmed the former imperial capital is not only pretty, but also relatively low-priced, and thus a very liveable place. In 2019, Vienna was named the most liveable city in the world for the tenth straight year by the consulting company Mercer, Zurich was rated second.

The new Austrian Federal Government is committed to strengthening the economy, as shown in its programme, and has incorporated numerous measures to enhance the viability of Austria as a business location.

The globally operating automobile component supplier and interior specialist Boxmark is pleased to have won contract orders in the three-digit million euro range over a period of seven years.