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Austrian Trade with Russia Reaches New Record

Published: October 4, 2012; 16:03 · (Vindobona)

This year, bilateral trade with Russia will reach about € 7.0bn. President of the Austrian Chamber of Commerce Christoph Leitl wants to strengthen foreign trade with Russia.

Austrian Trade with Russia Reaches New Record / Picture: © Flickr

According to Leitl, the foreign trade volume with Russia will reach a new record high in 2012. “The foreign trade relations with Russia are excellent, but there is still an upward potential.”

Both imports from Russia and exports to Russia show strong growth rates. In 2011, exports rose by 15%, imports were up by 44%. In the first half year, Austrian exports to Russia grew by…

This article includes a total of 206 words.

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