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India and Austria signed a social security pact on 5th February 2013 at Vienna. As per the pact, Indian professionals working in Austria would be exempted from paying the social security contribution of Austria, if such payments are already made in India.

In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.According to the Austrian institute of economic research, the main reason for the economic downturn in Austria is the recession in the Eurozone.

The Austrian economy is set to log muted growth in the next five years amid subdued domestic consumption and the ongoing economic crisis in Eurozone, latest data released by the Austrian Institute of Economic Research (WIFO) showed Friday.

Semmering Zauberberg's strong point undoubtedly lies in its location. At 1,000 meters altitude and just one hour away from Vienna, a whole winter-sport paradise attracts thousands of skiers every day - and night.