VIENNA, Jan. 18 (Xinhua) -- The number of new company start-ups in Austria has reached a 10-year high in 2017 numbering 29,878 in total, the Austrian Economic Chamber (WKO) revealed on Thursday.
The figure equates to about 115 start-up companies launched each work day, two more than that in 2016. The new companies were responsible for the creation of about 70,000 new jobs.
Also notable in the 2017 figures is the highest-ever number of new companies started by women, at 45 percent of the total, 16 percent higher than 20 years ago.
WKO head Christoph Leitl was upbeat about the news, noting that for every company insolvency, six new companies were formed.
He called for loan guarantees from Austria and the European Union to support those who take on a new business venture.
