Austria is a parliamentary republic in central Europe. Its capital is Vienna, with a population of more than 1.7 million, making it the largest city in Austria. Due to the influence of geographical location, it is one of the important hubs in Europe. Austria is a highly developed capitalist country and one of the founding countries of the OECD. Austria’s industrial feature is high degree of nationalization. State-owned enterprises control 95% of basic industries and over 85% of power industries, and has a production value and number of employees, accounting for 70% of the total.

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