Post by Nicolas Longin

Group CFO at Welser Profile

โœˆ๏ธ ย ๐€ ๐…๐ซ๐ข๐๐š๐ฒ ๐ฆ๐จ๐ซ๐ง๐ข๐ง๐  ๐ฌ๐ญ๐จ๐ซ๐ฒ ๐š๐ฆ๐จ๐ง๐  ๐ญ๐ก๐ž ๐œ๐ฅ๐จ๐ฎ๐๐ฌ Early Friday morning on a red-eye flight, my mind and body are somewhere between half asleep and half awake. Next to me, a slightly snoring fellow traveller โ€” strangely comforting, reminding me that Iโ€™m not the only one in this in-between state. The steady rhythm of his snoring pulls my thoughts into reflection, reviewing the past years. With 2025 almost at an end, I realize I have now spent 20 years working in and for Austrian companies. These years were not without challenges โ€” the financial crisis in 2008, Corona in 2020, and a prolonged recession since 2022. Still, it has been a good journey, and I am grateful for it. Chances are I will work for another 20 years. That puts me right in the middle of my career. Working at Welser Profile taught me to think in generations rather than quarters. And so, somewhere above the clouds, reading the newspaper, one question emerges: ๐–๐ก๐ž๐ซ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐€๐ฎ๐ฌ๐ญ๐ซ๐ข๐š ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง ๐Ÿ๐ŸŽ ๐ฒ๐ž๐š๐ซ๐ฌ? ๐Ÿ‡ฆ๐Ÿ‡น ๐ŸŒŸ What Austria does exceptionally well 1๏ธโƒฃ A wonderful country Attractive cities, breathtaking regions, and a high quality of life. Austria is a place people want to live in, visit, and stay in โ€” something no balance sheet can fully capture. 2๏ธโƒฃ People with substance Over the years, I have met countless skilled, reliable, and innovative people. Many genuinely want to contribute to an outstanding future. 3๏ธโƒฃ Hidden champions World-class products and global market leaders, often under the radar โ€” yet technically excellent and internationally respected. โš ๏ธ Where Austria is holding itself back 1๏ธโƒฃ Tax burden High taxes for individuals and companies are understandable โ€” as long as the services delivered match the contributions. When, for example, waiting times for doctorโ€™s appointments become excessive, even in critical situations, concerns arise. 2๏ธโƒฃ Structure and organization of the country Too fragmented, too slow, and too complex for todayโ€™s pace of change. The political structure often makes real transformation feel almost impossible โ€” and that is coming from a Belgian, used to three official languages, multiple regions, governments, and parliaments ๐Ÿ˜‰ 3๏ธโƒฃ A missing sense of urgency Things still work โ€” and that is exactly the risk. Comfort can delay necessary decisions. ๐Ÿš€ ๐“๐ก๐ž ๐ฐ๐š๐ฒ ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐ There is no single silver bullet. But the direction is clear: innovate, be bold, and work hard. Challenge habits, simplify structures, think beyond election cycles โ€” and think in generations. ๐ˆ ๐ซ๐ž๐š๐ฅ๐ข๐ณ๐ž ๐ญ๐ก๐š๐ญ, ๐ข๐ง ๐ฆ๐ฒ ๐ฉ๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ ๐š๐ง๐ ๐ฉ๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐ซ๐จ๐ฅ๐ž๐ฌ, ๐ˆ ๐š๐ฆ ๐ฃ๐ฎ๐ฌ๐ญ ๐š ๐๐ซ๐จ๐ฉ ๐จ๐Ÿ ๐ฐ๐š๐ญ๐ž๐ซ ๐ข๐ง ๐ญ๐ก๐ž ๐จ๐œ๐ž๐š๐ง. ๐Ÿ’ง ๐๐ฎ๐ญ ๐ˆ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐›๐ž ๐ญ๐ก๐š๐ญ ๐๐ซ๐จ๐ฉ. ๐Ÿ‘‰ ๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐›๐ž ๐ญ๐ก๐š๐ญ ๐๐ซ๐จ๐ฉ ๐ญ๐จ๐จ?

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