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Austrian Foreign Trade News and Analysis
Read the latest headlines about developments in Austrian foreign trade
Investment Agreement with China Opens Doors
The European Union and China have agreed on a joint investment agreement. The core elements of the "Comprehensive Agreement on Investment" (CAI) include better market access, sustainability and a level playing field for European and Chinese companies. Considering the fact that China will be the biggest economy of the world in the near future, the agreement opens doors to a huge market.
December 30, 2020
Schramböck: "UK Will Remain Important Partner in Europe"
Although the United Kingdom will be leaving the European Union's customs union and single market at the end of 2020, Austria's Economics Minister Schramböck assures that "Austria's companies will continue to play a significant role in the UK markets" in the future. The newly negotiated agreement between the UK and the EU will provide a proper framework for these business relations.
December 30, 2020
WKO: Importance of Trade Agreements
The chairman of the Federal Board for Foreign Trade in the Austrian Federal Economic Chamber (WKO), Karl Pisec, underlines the importance of international trade agreements for the European Union as well as for Austria. As an example to show benefits of trade agreements, he uses the EU's agreement with the Mercosur states and the Regional Comprehensive Economic Partnership in Asia.
December 23, 2020
Virtual Meeting Between Czech Republic, Slovakia and Austria
The Czech and Slovak Foreign Ministers met with Austria's European Affiars Minister to discuss cooperation during the Covid-19 pandemic and the joint fight against terrorism. Other topics on the agenda were the EU's migration policy, the current budget negotiations and the conference on the future of Europe.
November 16, 2020
Central Five Held Virtual Conference
The Foreign Ministers of Slovenia, Slovakia, Hungary, the Czech Republic and Austria (Central Five) held a virtual working meeting. On the agenda of the meeting were current foreign relation issues, but especially the ongoing fight against the Covid-19 pandemic and the recent terror attack in Vienna.
November 12, 2020
Austrian Economic Mission to Dubai, Abu Dhabi and Bahrain
The Austrian Federal Economic Chamber is organizing an open-industry economic mission to the United Arab Emirates and Bahrain. The program includes networking with local business leaders and multipliers, preparations for the postponed Expo 2020 in 2021 and the opening of new business opportunities.
November 10, 2020
US Election: Schallenberg Looks Forward to Continuing Partnership With US
After the US Election, Austria's Foreign Minister Schallenberg wants to continue the good cooperation with the new administration but also emphasizes the importance of having a strong European community that does not need to rely on the US or any other partners.
November 9, 2020
Conference of Frugal Four and Finland Was Hosted by Austria
The Foreign Ministers of Denmark, Sweden, the Netherlands and Finland came to Vienna to meet with Austria's Minister for European Affiars Edtstadler. On the agenda was the issuance of a joint statement in which they Ministers condemn the recent terror attack in Vienna and other topics regarding the cooperation of the five countries.
November 5, 2020
Macron Was to Visit Austria, Now Only Virtual Meeting With Kurz
The French President Macron had planned to travel to Austria to meet with Sebastian Kurz. However, due to the Covid-19 measures in place, the two politicians will only meet virtually. After the recent terror attack in Vienna as well as in Nice, the topic of discussion will be the fight against Islamist terrorism. A common European approach is demanded and will also be discussed during the working meeting.
November 4, 2020
Kurz: All of Europe in Middle of the Second Wave
At a video conference with all of the heads of state and government of the European Union, Chancellor Kurz and the other country heads discussed Covid-19 measures and a common approach of the EU. Since the second wave has already hit many of the member countries, better coordination than in the spring of this year is demanded by almost every country.
October 30, 2020
Áder Met Van der Bellen
The Hungarian President Áder visited his Austrian counterpart in Vienna to discuss the current fight against Covid-19. Although there would have been many other EU and bilateral topics to discuss, the prevailing matter is the rising infection numbers in Europe and the measures taken by the various governments.
October 30, 2020
Beligum Is Now Warning of Travel to All of Austria
The Belgian Foreign Ministry now warns of travel to all nine federal states of Austria. Carinthia and Styria complete the list of the federal states that are depicted in red, which is the highest Covid-19 warning level. Travellers from these areas need to self-quarantine for at least ten days.
October 29, 2020
Austrian Post Invests More Than EUR 100 Million in Turkish Subsidiary
Despite the critical tensions between the European Union and Turkey, the Austrian Post will be investing more than EUR 100 million in a Turkish subsidiary in the next five years. CEO Pölzl is confident that the separation of politics and the business aspect will be also possible in the future.
October 23, 2020
Austrian National Bank: Exports Increase Again
Exports, excluding tourism, were above the comparable figures from 2019 for the first time in Austria since the outbreak of the Covid-19 crisis. The Austrian National Bank is confident that a second wave can be contained and that no further monetary or fiscal policy measures are needed.
October 21, 2020
EU Council: Kurz Demands Better Coordination of Restrictions
At the EU Council of the heads of state and government, Chancellor Kurz demands better coordination of travel restrictions, quarantine periods and testing with regard to Covid-19. Other topics on the agenda were the Brexit negotiations, foreign relations, and climate protection.
October 16, 2020
Canadian Foreign Minister Visits Austria
The Canadian Foreign Minister Champagne visited Austria to conduct meetings with UN Organizations as well as with Chancellor Kurz and Foreign Minister Schallenberg. The topics on the agenda were the CETA agreement, the Covid-19 pandemic and current foreign trouble spots.
October 15, 2020
EU Introduces Covid-19 Traffic Light System to Clarify Travel Situation
The EU member states have agreed on a common system to coordinate travel restrictions with regard to Covid-19. Similar to the current Austrian system, the colors of a traffic light will indicate the risk of the particular areas within the EU borders.
October 13, 2020
Minister President of Bavaria Meets Kurz: "Borders Need To Stay Open"
Both, the Minister President of Bavaria Markus Söder as well as Austrian Chancellor Kurz, agreed on the fact that the borders between Germany and Austria need to stay open despite an increasing numbers of Covid-19 cases in both countries.
October 9, 2020
Edtstadler Welcomes Progress in Accession Process of Western Balkan States
The European Commission has agreed on a financial package for economic integration of the Western Balkan states. The good developments in North Macedonia and Albania are not only welcomed by the European Union but also by Federal Minister Edtstadler.
October 8, 2020
Slovenian President will join Van der Bellen for "100 Years Carinthian Referendum"
For the first time ever, a Slovenian President will take part in the ceremony for "100 Years Carinthian Referendum". Slovenian Head of State Pahor will be joining his Austrian counterpart Van der Bellen for the celebrations.
October 7, 2020
Swedish Minister for EU Affairs Met Austrian Counterpart
The Swedish and Austrian Minister for EU Affairs have come together to discuss current EU topics which included migration policy, the joint fight against Covid-19 and recent developments between Great Britain and the EU regarding Brexit.
October 7, 2020
European Council Decides on Sanctions Against Belarus
The European Council which was attended by the heads of the 27 member countries decided on sanctions against Belarus as well as a threat of sanctions against Turkey. Chancellor Kurz, Autria's representative at the Council, is satisfied with the two-day long discussions.
October 5, 2020
Austrian Economy Slumped by 12.1% in Q2 2020
The newly published report by Statistics Austria shows a massive economic slump in the second quarter of 2020. Austria's GDP declined by more than 12 percent compared to the second quarter of 2019 while expectations for the last two quarters of the year are not much better.
September 28, 2020
EXPO 2020 Dubai: Austria Pavilion Past First Construction Stage
The World Expo 2020 in Dubai, which will now be taking place in 2021, will also be starring about 100 companies from Austria. With the completion of the Austria Pavilion's first construction stage, these companies are now one step closer to a successful exhibition.
September 25, 2020
Ukrainian Foreign Minister in Vienna
Ukrainian Foreign Minister Kuleba visited his Austrian counterpart Schallenberg in Vienna to discuss the countries' cooperation in the fight against Covid-19 and economic relations. The conflict in eastern Ukraine and the developments in Belarus were also talked about.
September 17, 2020
Zelensky Visits Austria
Ukrainian President Zelensky came to Austria to visit President Van der Bellen, Chancellor Kurz and President of the National Council Sobotka. The topics comprised the successful bilateral economic relations and regional conflicts in the Ukraine.
September 16, 2020
Foreign Ministers of Central Five Meet in Slovenia
The heads of diplomacy of Slovenia, Slovakia, the Czech Republic and Austria conducted a working meeting with the topics being the fight against a possible second wave of rising Covid-19 cases and other foreign affairs issues.
September 16, 2020
Warning of Economic Consequences Due to Rising Infection Rates
Austria's Minister for Tourism Köstinger and Minister for Economic Affairs Schramböck emphasize the importance of low Covid-19 infection numbers for the tourism and trade sector. They fear that a rise in numbers endangers Austria's important autumn and Christmas business.
September 15, 2020
Suspension of Restrictions Between Hungary and Austria
Hungary has lifted the 30-kilometer and 24-hour restrictions for commuters from Austria. This makes cross-border life and business significantly easier and allows the trading relationship between the two countries to flourish again.
September 14, 2020
Japan's Abe Thanked Kurz for Cooperation
In a telephone summit, Japan's Prime Minister Abe and Austria's Chancellor Kurz wished each other farewell since Abe will step down as Japan's leading politician due to health issues.
September 10, 2020
Slovak-3 Summit with Matovič, Babiš, and Kurz
The Slovak-3 Summit with the highest officials from Slovakia, the Czech Republic, and Austria took place in Vienna. The topics comprised cooperation in the fight against the pandemic and the overall relations between the three neighboring countries.
September 10, 2020
Eurogroup President Donohoe Met Blümel
New Eurogroup President Donohoe and Austrian Finance Minister Blümel met at a round table discussion on "Europe's Comeback". Topics were the strength of a common currency union and strategies on how to achieve the economic comeback.
September 9, 2020
EU Puts a Hold on Austria's Fixed Cost Subsidies
The European Commission has questioned Austria's newly introduced fixed cost subsidy to the surprise of many Austrian politicians and experts. Companies in the sectors tourism and export were predominantly planned to be subsidized.
September 9, 2020
Joint Statement by Greece and Austria
Greek Prime Minister Mitsotakis and Austrian Chancellor Kurz have issued a joint statement that deals with European refugee policy and the ongoing dispute with Turkey over the natural gas deposit in the Mediterranean.
September 9, 2020
Meeting Between Janša and Kurz
Slovenia's Prime Minister Janša and President Pahor welcomed Chancellor Kurz for a working visit. All three politicians highlighted the important bilateral economic and political relations.
September 8, 2020
Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
National Council President Sobotka Met Slovak and Czech Counterparts, Kollár and Vondráček
Austria's National Council President Wolfgang Sobotka invited his Slovak and Czech counterparts, Boris Kollár and Radek Vondráček, to discuss the cooperation between the three neighboring countries and other political issues.
August 31, 2020
Foreign Minister Alexander Schallenberg at the Informal Meeting of EU Foreign Ministers in Berlin
Austria's Foreign Minister Schallenberg has come together with the other EU Foreign Minister to discuss current foreign affairs. The main topics were the conflict between Greece and Turkey, the current situation in Belarus, relations between the EU and Russia, and the peace process in the Middle East.
August 28, 2020
Despite Covid-19 Crisis: Austrian Automotive Supplier Pollmann International Builds Plant in Mexico
Austrian company Pollmann International expands to Mexico where it will build a plant in order to better supply the Central and South American market.
August 25, 2020
Austrian Strabag Expands Rail Network in Eastern Germany
Austrian technology company Strabag will be significantly influencing the rail road system in eastern Germany because of a deal that has them extending rail lines in Berlin and between Leipzig and Dresden.
August 25, 2020
Vienna's Mayor Michael Ludwig Met German Vice Chancellor and Minister of Finance Olaf Scholz
Mayor Michael Ludwig and German Vice Chancellor Olaf Scholz met for a working meeting in Vienna. Discussions were held about economic relations and municipal topics such as affordable housing.
August 25, 2020
Austria's Second Amazon Distribution Center Opens in Vienna
Amazon opens its second parcel distribution center in Austria. 120 employees will work in the 7,900 square meter building.
August 20, 2020
US Ambassador Trevor Traina: Relations with Austria Stronger Than Ever
US Ambassador in Vienna Trevor Traina praises the improvement of US-Austrian relations in the recent year. A visit of President Donald Trump to Vienna is likely to happen once the travel restrictions fall.
August 20, 2020
US Secretary of State Mike Pompeo Visits Austria
The visit of US Secretary of State Mike Pompeo to Austria comprised discussions with highest officials of the Austrian government including Chancellor Kurz and President Van der Bellen. Discussions were held about the Covid-19 pandemic, bilateral relations as well as about topics of international importance.
August 17, 2020
Visit of US Secretary of State to Austria Results in a Joint Declaration by Austria and the United States
A joint declaration by Austria and United States was issued as part of US Secretary of State Mike Pompeo's visit to Austria. The declaration included, among other topics, commitment to rebuilding efforts after the Covid-19 crisis and the creation of an even better bilateral dialogue.
August 15, 2020
Austria's Federal Minister for Economic Affairs: New EU Trade Agreement with Vietnam Opens Doors
New EU trade agreement with Vietnam is likely to open doors to a very profitable market for Austrian businesses. Federal Minister for Economic Affairs Schramböck hopes that domestic companies can capitalize on the favorable conditions in the future.
August 1, 2020
Austrian Chamber of Commerce Promotes Business with Sri Lanka and Bangladesh
The WKO Austrian Federal Chamber of Commerce offers the opportunity to participate in a webinar on the opportunities for Austrian and European companies in the two countries Sri Lanka and Bangladesh with and after COVID-19.
July 27, 2020 · Sponsored Content
Indo-Austrian Trade and Investment Opportunities Post Covid-19
The FIEO - Federation of Indian Export Organisations is organising an interactive video conference session on “Trade & Investment Opportunities between India & Austria - Post Covid-19” with H.E Mr. Jaideep Mazumdar, the new Ambassador of India to Austria on Tuesday, 29th July, 2020.
July 13, 2020 · Sponsored Content
Arab - Austrian Expert Forum on the Economic Challenges in Light of Corona Pandemic
The economic obstacles that the Arab world faces due to the wide spread of the coronavirus, the enormous medical efforts that are being made to find a cure for this virus, and the challenges that the economic and trade relations between Arab countries and Austria in particular face in times of the coronavirus, were the main topics that centered around the geneticist and molecular immunologist Prof. Dr. Josef Penninger.
June 22, 2020
Another COVID Casualty: Austrian Airline Discontinues Flight Operations
The Austrian low-cost airline "Level" and subsidiary of British Airways (IAG International Airlines Group) has discontinued flight operations with immediate effect. The airline was hit hard economically by the consequences of the Covid 19 pandemic in Europe. A continuation of flight operations is not planned. About 200 employees in Vienna are affected by the bankruptcy.
June 19, 2020
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