Located in the heart of Western Europe, Austria is a prosperous and sophisticated business center and it has acted for centuries as a European commercial gateway. The strong Austrian economy relies on international trade and the country’s GDP continues to increase, reaching to be one of the highest in the region.
Austria borders on Germany, Switzerland, Czech Republic, Hungary, Italy, Liechtenstein, Slovakia and Slovenia. Its area is about 84 thousand km², and the population is about 8.7 million inhabitants.
Austria may be characterized as a country with a stable economic, political and social sphere. The country has a highly skilled workforce, a safe environment and stable business ties with countries around the world.
Austria is a democratic federal republic with a separation of powers into three branches. Legislative power is concentrated in a bicameral parliament. The first chamber is the National Council, whose members are elected by the population in general elections. The second chamber is called the Federal Council, it includes representatives of nine federal provinces of the country. The country is headed by a president elected by the population for a period of 6 years. The executive power is exercised by the federal government, which is headed by the prime minister. Federal lands have a number of local bodies, including land assemblies, land governments, community councils.
The legal system refers to the continental type of law, the main sources of law are the Constitution and legislation. The judicial system consists of several levels: district courts, land courts, appellate courts and the Supreme Court. In addition, the Supreme Administrative Court and the Constitutional Court are also functioning in Austria. Judges are appointed by the President or by the government after the submission of the Ministry of Justice.