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The Black Sea Region is Gaining in Significance for the Austrian Economy

Published: March 25, 2011; 03:52 · Updated: March 25; 03:52 · (Vindobona)

Austria's sound foreign economic relations with the Black Sea region could be strengthened still further. The export structure of Austria is consistent to a large extent with the import demand of Ukraine and Turkey.

The Black Sea Region is Gaining in Significance for the Austrian Economy / Picture: © Flickr

The countries of the Black Sea region are increasingly gaining importance due to their geographical proximity, natural resources and sales and human resources potential. Because of the dynamic development of demand, the countries of the region, particularly Turkey, will represent in future a large market potential for the Austrian foreign trade. Meanwhile, all the economies of the…

This article includes a total of 222 words.

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