ANNOUNCEMENT 15 Nov 2011In November 2011, the government of Austria announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Ministry of Economy. (2011). Ab?nderungsantrag zur ?nderung des Au?enhandelsgesetzes 2011 passiert am 15.11.2011 den Nationalrat. Available at http://www.bmf.gv.at/Steuern/Fachinformation/NeueGesetze/Budgetbegleitgesetz2012/2Lesung-BBG-2012.pdf
On 15 November 2011, the Austrian parliament approved an amendment to the regulations on foreign direct investment included in the foreign trade law ("Aussenhandelsgesetz").
Under the new regime, investors from non-EU/EFTA countries wanting to acquire more than 25 percent of an Austrian enterprise of "public interest" must seek permission from the Ministry of Economy.
According to the amendment, the "public interest" is concerned with the following industries: