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The OeNB — An Innovative,<br />
Dynamic and Cost-Efficient Enterprise<br />
Almost 40 years of<br />
research promotion<br />
Special cultural<br />
promotion and art<br />
collections<br />
OeNB employees on parental leave<br />
have the possibility to opt for a 20%<br />
or 30% part-time solution. The considerable<br />
share of part-time employees<br />
in total headcount (7.5%) demonstrates<br />
that this measure meets with a<br />
high degree of approval among staff.<br />
OeNB Shows<br />
Commitment to<br />
Research, Science and<br />
Culture<br />
As the OeNB takes a strong interest<br />
in securing the future of Austrian<br />
science and research, it has provided<br />
Austrian researchers with considerable<br />
funds for almost 40 years. In<br />
1966,theOeNBsetuptheAnniversary<br />
Fund for the Promotion of Scientific<br />
Research and Teaching (Anniversary<br />
Fund) to mark the 150 th anniversary<br />
of its establishment. Since then,<br />
the Anniversary Fund has provided<br />
approximately EUR 653 million of<br />
financial support for close to 8,300<br />
projects of basic and applied research,<br />
making it an indispensable pillar<br />
of Austrian research promotion.<br />
Therefore, the Anniversary Fund will<br />
continue to provide direct support<br />
for Austrian researchers in addition<br />
to the recently established National<br />
Foundation for Research, Technology<br />
and Development (National Foundation).<br />
Research promotion is part of<br />
our social responsibility — a responsibility<br />
which becomes more important<br />
the more Austrian universities have to<br />
prove their international competitiveness.<br />
The National Foundation guarantees<br />
the sustainable, strategic longterm<br />
financing of Austrian research<br />
initiatives independently of government<br />
budgets. Its efforts are particularly<br />
targeted at financing interdisciplinary<br />
research projects which are<br />
likely to generate long-term benefits.<br />
The provision of sustainable funding<br />
for such initiatives is to help visibly<br />
position Austrian excellence in research<br />
in the international arena. In<br />
the reporting year, the OeNB provided<br />
a total of EUR 75 million of<br />
support to the National Foundation.<br />
In <strong>2004</strong>, the OeNB made direct<br />
grants to the tune of some<br />
EUR 11.6 million for 207 research<br />
projects in economics, medicine (clinical<br />
research), social sciences and the<br />
humanities,withanemphasisonreinforcing<br />
the promotion of economic<br />
science projects. The OeNB Anniversary<br />
Fund provides a forum in which<br />
cutting-edge economics and human<br />
medicine project results are frequently<br />
presented to an expert audience.<br />
In addition to the initiatives<br />
outlined above, the OeNB provided<br />
considerable basic funding to three<br />
economic research institutes — the Institute<br />
for Advanced Studies (IHS),<br />
the Austrian Institute of Economic<br />
Research (WIFO) and The Vienna Institute<br />
for International Economic<br />
Studies (WIIW) — and supported<br />
the third research year of the Austrian<br />
Academy of SciencesÕ Institute of Molecular<br />
Biotechnology (IMBA).<br />
Like many other Austrian businesses,<br />
the OeNB puts a particular<br />
emphasis on promoting cultural activities.<br />
Its collection of valuable old<br />
string instruments currently com-<br />
74 ×<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2004</strong>
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