Vienna is a peaceful, artistic, and nature-loving Baroque city. Vienna is a federal capital of Austria and the largest city that holds 27 imperial castles, with commercial and residential buildings that have architecture depicting the days when monarchies and peerages governed European society.
Vienna is host to many major international organizations, including the United Nations and OPEC.
Vienna, one of the wealthiest and most economically powerful cities in the European Union: it’s gross regional product per capita constitutes 25.7% of Austria's GDP in 2013. It amounts to 159% of the EU average.
The most important business sectors are trade (14.7%), scientific and technological services, real estate and housing activities as well as manufacturing of goods.
Vienna creates a positive environment for scientific R&D aspects. In 2014, Vienna has accommodated 1,329 research facilities; 40,400 persons are employed in the R&D sector and 35% of Austria's R&D expenses are invested in the city. With a research quota of 3.4%, Vienna exceeds the Austrian average of 2.77% and has already met the EU target of 3.0% by 2020. A major R&D sector in Vienna are life sciences with 378 biotech, pharma and MedTech companies such as Johnson & Johnson, Siemens, Roche, Philips and Boehringer Ingelheim and about 25 public and private research institutions such as the University of Natural Resources and Life Sciences (BOKU), the Austrian Institute of Technology, the Vienna Biocentre etc.,
The Viennese sector for information and communication technologies is comparable in size with the sector in Europe's largest IT locations and more than ? of the enterprises provide IT services. The biggest IT firms in Vienna includes Kapsch, Beko Engineering & Informatics, air traffic control experts Frequentis, Cisco Systems Austria, Hewlett-Packard, Microsoft Austria, IBM Austria, and Samsung Electronics Austria.
The US technology corporation Cisco runs its Entrepreneurs in Residence program for Europe in Vienna in cooperation with the Vienna Business Agency.
The British company UBM has rated Vienna one of the Top 10 Internet Cities worldwide.
Vienna, the city of music is also Austria's main center of education and home to many universities, professional colleges, and high schools.