Off the wire
• Zhang's Australian Open dream run ended by unseeded Konta  • Tennis chiefs announce review into anti-corruption unit after match-fixing claims  • Raptors top Wizards 106-89  • ABS sales in S. Korea surge in 2015 on relief loan policy  • Toronto Raptors tie franchise record with 9th straight win  • China to meet Spain, Venezuela for Rio Olympic women's basketball tournament  • Madrid mayor says China's developer not withdrawing controversial building project  • 1st LD Writethru: Chinese fishing boat capsizes off S. Korean island: Yonhap  • 14 schools in southern Britain evacuated over hoax bomb threats  • Chinese shares dive over 3 percent  
You are here: 　 Home

Austrians delighted about increase of start-ups in 2015

Xinhua, January 27, 2016 Adjust font size:

The Austrian Economic Chambers (WKO) said on Tuesday that the increase of new start-up companies in 2015 was delightful for the country mired in a "collective state of depression".

The number of new start-up companies in 2015 increased 4.8 percent to 29,561 while most people expected a decrease rather than an increase, Austria Press Agency quoted WKO President Christoph Leitl as saying.

Besides, company insolvencies were down 5 percent to 5,150 in 2015 over the previous year.

"For every death case we see six new births," Leitl said.

The WKO said the longevity of Austrian start-ups is also at a record European level with 8 out of 10 surviving the three-year mark, and 7 of 10 the five-year mark.

The percentage of women involved in new companies increased 43.1 percent in 2015, a significant rise from the 35.7 percent a decade ago. Endi