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Firms Asked to Reduce European Focus in Favour of BRIC States

Published: May 17, 2011; 19:54 · (Vindobona)

The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.

Firms Asked to Reduce European Focus in Favour of BRIC States / Picture: © Flickr

People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.

The Minister explained that around 83% of all Austrian exports go to customers within Europe. He pointed out that Germany – the continent’s most powerful…

This article includes a total of 344 words.

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