Business - Economy

Russia: Great Demand for Austrian Food

Published: February 14, 2012; 16:17 · (Vindobona)

Due to rising purchase power of Russian households, Austrian food exports to Russia are booming. In 2012, the Russian retail trade sector is expected to grow by 15%.

Russia: Great Demand for Austrian Food / Picture: © Flickr

In December 2010, Austrian food exports to Russia reached € 156.6m (except drinks and tobacco, which amounts to € 11.9m). Compared to 2009, when exports totaled € 122.4m (drinks and tobacco: € 20.3m), this is a substantial increase. In the first nine months of 2011, the exports of € 130.8m (drinks and tobacco: 12.0m) were delivered to Russia (January to September 2010: €…

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Russia: Great Demand for Austrian Food

Due to rising purchase power of Russian households, Austrian food exports to Russia are booming. In 2012, the Russian retail trade sector is expected to grow by 15%.

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Sign up to read articles for free and to get personalized updates on the events that interest you.