Austria: Country and Foreign Investment
History, Population, Language and Culture
The first Austrian Republic was created after the collapse of the Austro-Hungarian Empire at the end of the First World War in 1918. In 1938, Austria was annexed to Greater Germany and was occupied by allied forces after the end of World War II until 1955, when a treaty between allied forces and Austria was signed to re-establish an independent and democratic Austria. In the same year, the Austrian parliament announced permanent neutrality for the country. Since then, Austria has been a parliamentary democracy made up of nine states.
In 1995, Austria joined the EU on condition that no foreign troops would be stationed within the country.
Today, Austria has a population of around 8.3m people and is considered to be a wealthy country with a good standard of living. German is the official language and is spoken by the majority of Austrians.
Austria is famous throughout the world for its wonderful mountainous scenery and has a strong tourist industry built around winter sports and walking holidays. In addition, Austria has a rich musical and cultural history that also attracts many visitors to the country.