Austria has a very organised business culture. It ranks 19th in the World Bank's 2017 Ease of Doing Business Survey, with very high scores for enforcing contracts, getting electricity and resolving insolvencies. Austrians are hard-working, well-educated and industrious – one of the many reasons the country is an attractive work destination, especially if you’re looking to set up a new business. Its small and ageing population also means that expats are relied on to fill in the gaps.
A unique element of Austria’s business environment is its unique system of Sozialpartnerschaft (social partnership), which ensures cooperation between economic interest groups and the government. There are specific umbrella bodies which work together to promote healthy labour relations.