Burgenland is Austria´s sunniest province. This is already no secret to the sailors on the Neusiedlersee and the wine lovers from across the world who appreciate Burgenland´s fine vintages. Since EU accession, however, Burgenland has also firmly established itself on the sunny side in economic terms. A pivotal role here was played not only by the considerable structural subsidies which have been available since EU entry in 1995. Numerous infrastructural, technological and educational initiatives have also clearly improved the province´s potential for growth in comparison with the rest of Austria. In addition to this, Burgenland has succeeded in making use of the new economic opportunities presented by the fall of the Iron Curtain and established itself as a hub between East and West. The proximity of Hungary, Slovakia and Slovenia and numerous projects of cooperation with these partner countries are the motor for a successful future.
However, this intensification of cross-border activities is just one part of Burgenland´s success story. Infrastructural investment, the development of such commercial areas of trans-regional importance as Businessparks Kittsee, Parndorf/Neusiedl am See and Heiligenkreuz and the establishment and expansion of the Burgenland University of Applied Sciences with its campuses at Eisenstadt and Pinkafeld have also contributed to setting the course for a successful future.
But this future has already begun: the workforce grew by 10.5 per cent between 2007 and 2013 (in comparison with just 4.3 per cent for Austria as a whole). Burgenland also leads the way in terms of increased purchasing power and income. And the intensity of corporate start-ups (the number of start-ups compared with the number of active Economic Chamber members) is, at 12 per cent, by far the highest in Austria.