In late September 2022, initial details of the energy costs subsidy were published (see newsletter of 29 September 2022). The relevant guidelines themselves have not yet been published and are currently subject to review by the European Commission (notification procedure). Approval is expected in the coming days. According to the recent press release of the Austrian […]
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In July 2022, the Business Energy Costs Subsidy Act (UEZG, BGBl. I No. 117/2022) was passed by the Austrian Parliament and published in the Federal Law Gazette (see Newsletter of 14 July 2022). The Act provides for relief for energy-intensive companies. Specifically, this non-repayable subsidy is intended to cover roughly a third of the additional costs […]
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On 6 July 2022, the Austrian Parliament passed the Business Energy Costs Subsidy Act (UEZG). The approval of the Federal Council followed on 13 July 2022. It remains to be seen whether the European Commission will approve or at least not block the legislation, with publication in the Federal Law Gazette to follow. The declared goal of […]
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The COVID-19 investment premium is intended to incentivise business investments and counteract the current reluctance of Austrian companies to invest. The Austrian Investment Premium Act (InvPrG) initially entered into force on 25 July 2020, and was last updated on 28 May 2021. The relevant funding guidelines were announced on 11 August 2020 and adapted on […]
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In mid April, the Austrian federal government presented a COVID package for start-ups. The goal is to support Austrian start-ups that have run into financing and liquidity problems due to the COVID-19 crisis. The COVID start-up package comprises a support fund and a venture capital fund. This article (originally dated 20 April) represents the information […]
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