Read the latest headlines about developments in Austrian foreign trade
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Austrian Foreign Trade News and Analysis

Turkey: Economic Imbalances Become More Visible

Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.

March 13, 2013

Austrian Economy Recovers Cautiously

At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.

March 13, 2013

Russia’s Share in Latvian Exports Decreases

Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.

March 13, 2013

Estonia: Economic Growth Reached 3.2%

According to the second estimates of Statistics Estonia, in 2012 the gross domestic product (GDP) increased by 3.2% compared to the previous year.

March 13, 2013

Czech Republic Records Trade Surplus

Imports as well as exports were down significantly. The foreign trade surplus increased slightly.

March 8, 2013

“Austrian Industry Still Taking a Breather”

Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.

March 5, 2013

Czech Republic: Economy still Down. Hopes are Up.

Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.

March 4, 2013

Hungary: Foreign Trade Falls Substantially

External trade showed a surplus of nearly EUR 7 billion in 2012.

March 4, 2013

Poland`s Economy Slows Down Further

According to preliminary estimates, the Gross Domestic Product in the 4th quarter of 2012 only grew by 1.1%.

March 4, 2013

Czech Republic: Bilateral Trade with Austria Shrinks

The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.

March 2, 2013

“Business development focus in solid Austrian ties to Qatar”

Austrian State Secretary meets the Emir of Qatar and Qatar’s Foreign Affairs State Secretary for working discussions.

March 1, 2013

IMF Dissatisfied with Croatia´s Economic Progress

Economic conditions have deteriorated lately, reflecting weak external demand, private sector debt reduction, and lack of business and consumer confidence, the IMF delegation said.

February 28, 2013

Austria Become Second Most Important Trading Partner for Hungary

Last year, only the foreign trade volume between Hungary and Germany was higher. Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz says.

February 23, 2013

Hungary: Government Demonstrates Optimism

Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.

February 23, 2013

Ukraine: Imports from EU Grew Stronger than Exports

EU27 surplus of 9 bn euro in trade in goods with Ukraine in 2012.

February 22, 2013

Romania: Slightly Lower Current Account Deficit in 2012

First estimates showed current account deficit declining to 3.8% of GDP in 2012 from 4.5% of GDP in 2011, Raiffeisen Research reports.

February 22, 2013

Situation in Bulgaria Remains Tense

After the resignation of the Bulgarian government, the political atmosphere is at a tipping point. The protests continue and are broadening.

February 21, 2013

Austrian Exports Reach new All-Time High

The Austrian Chamber of Commerce (WKO) today presented the foreign trade results of 2012. This year, WKO´s President Christoph Leitl expects s moderate increase in exports.

February 21, 2013

Bad Outlook for Ukraine´s Foreign Trade Balance

Ukraine’s external accounts have visibly deteriorated in 2012. No dramatic improvement in the balance of payments is expected this year.

February 21, 2013

Ukraine´s Economy Stagnates

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

February 20, 2013

Austria Has High Hopes in Free Trade Agreement with the U.S.

Austria´s exporting sector may benefit substantially, the Austrian Chamber of Commerce (WKO) says.

February 16, 2013

EU Foreign Trade with Russia and Turkey Growing Strongly

Last year, the EU has achieved a trade surplus of € 105bn. The trade surplus with Turkey was up by € 25bn. Exports to Russia were up by 15%.

February 15, 2013

Austria: GDP Decrease Due to Declining Consumption

In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.

February 14, 2013

Spindelegger Hopes for “Speedy Conclusion of Free Trade Treaty”

Following the speech by US President Barack Obama, Austria´s Vice-Chancellor Michael Spindelegger hopes that negotiations on a free trade area between Europe and the US will be initiated shortly.

February 14, 2013

Poland: Foreign Trade Growth Slows Down

The negative balance on the current account amounted to EUR 1.2bn as compared with EUR 1.9bn in December 2011.

February 14, 2013

Bulgaria: Surprisingly High current Account Balance

In November, the current account balance was positive amounting to EUR 89.7 mn, Raiffeisen Research reports.

February 12, 2013

Shrinking Foreign Trade Deficit in Lithuania

In total, Lithuania´s foreign trade has grown substantially last year. Exports grew faster than imports.

February 11, 2013

Estonia: Moderate Growth in Exports

According to Statistics Estonia, in 2012 exports of goods increased by 4% and imports by 9% compared to 2011.

February 11, 2013

Erdogan Praises Slovakia´s Support for Turkey

Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.

February 9, 2013

Austria: Foreign Trade Grows Decently

January to November 2012: moderate increase in imports (1.1%) and exports (2.0%)

February 8, 2013

Hungary´s Foreign Trade Balance Positive

In 2012, exports as well as imports were down substantially. The surplus of trade balance amounted to EUR 192 million in December.

February 8, 2013

Slovak Foreign Trade Grows

In November 2012, compared with November 2011, the total export of goods increased by 9,2 % to € 5 842,7m and the total import by 5,5 % to € 5 527m.

February 8, 2013

Czech Republic: Exports and Imports Grew Significantly in 2012

In December 2012, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 7.1% and 7.0%, year-on-year (y-o-y), respectively.

February 6, 2013

FDI Inflow Remains Weak in Romania

Romania has recorded a low foreign trade deficit and current account deficit in Q4 2012. The low inflows of foreign capitals into the private sector persist, Raiffeisen Research says.

February 2, 2013

Czech Republic Returns to Growth Slowly

According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.

February 2, 2013

Foreign Trade: Moderate Growth in Serbia

The overall external trade in the Republic of Serbia for the period January – December 2012 amounted to EUR 23619.1m.

February 1, 2013

Hungary: Foreign Trade Goes Down

In November, export and import volumes decreased by 4.3% and 4.6%, respectively, compared to the same month of the previous year.

February 1, 2013

Serbian Current Account Improves

As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.

January 29, 2013

“Germany overestimated, USA and China underestimated”

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

January 26, 2013

High Domestic Added Value in Austrian Exports

Business-related services and financial services have high degree of added value made in Austria. Half of Austrian exports are services, Bank Austria says.

January 26, 2013

Slovakia: Foreign Trade Growing Strongly

In 2011, goods in the amount of € 56 783,2m were exported from the Slovak Republic. Compared with 2010, the total export increased by 17,6 %.

January 25, 2013

Austrian Exports to U.S. Growing Massively

Compared to the reference period of 2011, exports to the U.S. grew by 10.4% in the first three quarters of 2012.

January 24, 2013

Poland Has Third-Biggest Current Account Deficit

EU27 current account surplus € 28.8 bn. € 39.3bn surplus for trade in services.

January 24, 2013

Nowotny: “The Worst Is Over”

OeNB´s (Austrian National Bank) governor Ewald Nowotny thinks that the economic situation in the Eurozone has become more stable.

January 16, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

NBP Expects Further Slowdown

Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.

January 14, 2013

Bulgarian Capital Account Deteriorates

In Q3 2012 the trade balance deteriorated by € 203.5m compared to the same period of 2011, which was entirely due to the increase of the export of investment goods following the recovery of investment activity in the country.

January 14, 2013

Bulgaria: Current Account Turns Into Negative Territory

Expectedly the C/A balance deteriorated in October. Cumulatively from the beginning of the year its value also moved to negative territory: EUR -31.6m.

January 12, 2013

Foreign Trade With Hungary Shrinks

External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.

January 9, 2013

Slovakia Record Substantial Foreign Trade Growth

In the first eleven months of 2012, exports increased by 11%. Imports were up by 6.4%.

January 9, 2013