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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Austria. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Monthly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!
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Once the center of power for the large Austro-Hungarian Empire, Austria was
reduced to a small republic after its defeat in World War I. Following
annexation by Nazi Germany in 1938 and subsequent occupation by the
victorious Allies in 1945, Austria's status remained unclear for a decade. A
State Treaty signed in 1955 ended the occupation, recognized Austria's
independence, and forbade unification with Germany. A constitutional law of
that same year declared the country's "perpetual neutrality" as a
condition for Soviet military withdrawal. This neutrality, once ingrained as
part of the Austrian cultural identity, has been called into question since
the Soviet collapse of 1991 and Austria's entry into the European Union in
1995. A prosperous country, Austria entered the European Monetary Union in
1999.
Austria, with its well-developed market economy and high standard of
living, is closely tied to other EU economies, especially Germany's.
Membership in the EU has drawn an influx of foreign investors attracted by
Austria's access to the single European market and proximity to EU aspirant
economies. Slowing growth in Germany and elsewhere in the world slowed the
economy to only 1.2% growth in 2001; the economy is expected to do little
better in 2002. To meet increased competition from both EU and Central
European countries, Austria will need to emphasize knowledge-based sectors
of the economy, continue to deregulate the service sector, and lower its tax
burden.
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