Austrian State Coat of Arms-Award for Croma-Pharma
State awards in Austria are given only to companies that have qualified through extraordinary achievements for the Austrian economy and are awarded by the Federal Ministry of Economic Affairs. This special prize entitles the company to carry the Austrian federal coat of arms on its business papers, printed copies, business names, etc. There is a long tradition in Austria that goes back to very selected suppliers being allowed to carry the coat of arms when delivering to the Imperial Court, the so-called k.u.k. court suppliers.
In accordance with section 68 (1) of the Trade Regulations of 1994, the Federal Minister of Economics may award this recognition to commercial enterprises that "have qualified through extraordinary contributions to the Austrian economy" and "obtain a leading and generally respected position in the relevant industry "(Z. 3).
At present, only 1,400 domestic companies are entitled to use the state coat of arms in commercial transactions.