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Austrian Economic Chambers: Our Principles

Why we do what we do

The Austrian Economic Chambers represent corporate interests, boost the economy and impart knowledge. In order to achieve this, the organisation is based around the following principles.

Our Principles

Improving performance and operating fairly

The social market economy determines our actions. Companies in free markets create prosperity. This requires an effective regulatory framework which not only guarantees fair competition, but also a harmonious balance between large corporations and small and medium enterprises.

Thinking European

The European Union secures peace and prosperity in Europe. This is why the Austrian Economic Chambers support a Europe in which the societal and economic model is committed to a social market economy system.   

Acting Internationally

International free trade increases living standards and promotes understanding between peoples. To achieve this, certain standards must be met: human rights, environmental standards, welfare standards, international regulation of competition, a fair deal when trading goods and services.  

Self government and subsidiarity

The Austrian legal system specifies the self government of legally stipulated representation of interests. Compulsory membership enables the Economic Chambers to balance out the varying interests of its members internally. Taking on this direct responsibility also means that the principle of subsidiarity is truly realised.  

Developing the Social Partnership – actively shaping change

Rapid economic and societal change means that entrepreneurs and business owners must keep adjusting their strategy. For this they need access to the latest knowledge and technologies. This is also the reason that the Social Partnership must constantly keep on developing.

The Economic Chambers see themselves as “change managers”. They actively shape policy at district, regional and federal level as well as within the European Union. In times like these the “productivity partnership” between employees and employers is more prominent than ever. A part of this also involves assigning some additional responsibility to the level of the companies, which in turn strengthens them. 

Assuming social responsibility

Conducting business responsibly enables entrepreneurs to experience economic success, provide social stability for the people and preserve the environment. The Economic Chambers support the concept of Corporate Social Responsibility and embrace their responsibilities towards society and the State. Here the Chambers are available to “help companies help themselves”, as well as concentrating on special needs.

What we want to achieve

The goal of the Austrian Economic Chambers is to represent the interests of every entrepreneur. To achieve this goal, the Economic Chambers support:

  • Measures towards steady, sustainable economic growth

  • The protection of private property, in order to guarantee entrepreneurial freedom  

  • Regulation of competition, to limit the concentration of economic power (monopolisation) and prevent abuse  

  • The promotion of a balanced business structure with small and medium enterprises as well as large businesses  

  • Flexible labour models, taking into account requirements specific to the industry or the organisation itself  

  • A fair working environment, which considers the needs of employees and employers  

  • High levels of vocational, secondary and tertiary education and training

  • Driving forward research and development, new information and communication technology and the creative industries so that innovative new products and services are developed  

  • A responsible approach to the environment, considering a cost/benefit balance towards a partnership between people and nature  

  • Social safeguards for everyone

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