Raiffeisen Zentralbank
Walter Rothensteiner,CEO
1. What makes your country attractive to investors?
A very attractive group taxation, a 25% corporate tax rate and a well trained and highly skilled workforce, as well as its location in the heart of the continent.
2. What are the economic prospects for your country over the next three to five years?
Compared with most members of European Monetary Union (EMU), Austrian unit labour costs will remain at a very competitive level. Austria is likely to benefit from the high growth rates of its neighbours in central and eastern Europe and from its latest investment incentive programme.
3. How do you foresee the financial sector in your country changing?
Austria remains relatively overbanked and, amid ongoing consolidation, fierce competition will remain. Hence, Austrian banks will further intensify their activities in central and eastern Europe.
4. What role will your bank play in your country’s future development?
Raiffeisen Banking Group, maintaining the most dense branch network and being market leader in internet banking at the same time, will continue to set trends in Austria. As a bridgehead between the domestic sector and its bank network in central and eastern Europe, RZB is constantly promoting know-how transfer to and from Austria.
