Austria's businesses are increasingly burdened by excessive bureaucracy and regulation, a situation that experts argue is stifling economic growth.

In a recent discussion at the Reform Club, industry leaders highlighted the critical state of the Austrian economy, where new laws and EU directives continuously add layers of complexity without removing outdated ones.

This regulatory overload is causing significant strain on companies, with only 48% of business leaders reporting a positive economic outlook.

The call for deregulation is echoed by the Lower Austrian Chamber of Commerce, which emphasizes the need for reduced bureaucracy, lower payroll taxes, and more net income for employees.

The Chamber's campaign, "Wirtschaft #brauchenwir," aims to raise awareness about the importance of a strong economy and the urgent need for reforms to maintain Austria's competitiveness.

As businesses struggle under the weight of these regulations, there is a growing demand for the government to prioritize deregulation and economic relief.