Russia: Great Demand for Austrian Food

Business › Economy ♦ 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: © Vindobona.org

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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