Loss of competitiveness, falling demand, rising costs: these are all words that describe the current state of the domestic economy. So what does it want from the next federal government? We interviewed nine top managers ahead of the National Council elections that take place on Sunday.
Everyone is calling for a reduction in bureaucracy, but at the same time the rules and regulations are becoming increasingly strict. This is just one of the phenomena that make economic managers no longer smile in pain. Reason: Difficult procedures, a lot of paperwork and demands that are almost impossible to meet are the reasons why Austria is falling further and further behind other countries. In addition, there are high energy costs and higher wages, which are becoming an increasing disadvantage in international competition.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
