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Topic: History
Number of pages / Number of words: 3 / 662
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Austria's EU accession in 1995 had a positive impact on foreign investment, inflation, and economic growth by providing access to the single market and by fostering liberal policies to promote competition and dismantle protectionism. Austria fully adopted the EU currency, the euro, at the beginning of 2002...


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Austria fully adopted the EU currency, the euro, at the beginning of 2002.

The economic liberalization of Central and Eastern Europe has already had a positive effect on Austria's economy (europa.eu.int.). Austrian firms have invested significant amounts in these countries and continue to move labor intensive, low-tech production there...


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