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Austrian Foreign Trade News and Analysis

WKÖ Considers Nevada as Optimal Trading Partner

Nevada is diversifying towards renewable energies: huge opportunities for Austrian companies are expected.

April 29, 2011

Austria´s Economy Performed Better than EU-average During Crisis

The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.

April 28, 2011

Eastern Europe as Growing Market for Austrian Wine Exports

Around 80% of the Austrian wine exports are going to Germany. However, growth rates in Russia and Poland are surprisingly high.

April 23, 2011

Texas Offers Opportunities for Austria's Energy Industry

Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.

April 22, 2011

WKÖ on Mongolia: "A Country with Development Potential"

The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.

April 21, 2011

Sales Increase of 7.4% for Intersport

Sales of Intersport Austria-group grew by 7.4% to € 667.7m (2008/2009: € 622m) in the financial year 2009/2010.

April 20, 2011

Austria's trade as a Job Creation Engine

77,000 jobs were created by trades and crafts in the last eight years. The manufacturing industry lost 17,000.

April 14, 2011

Resch &Frisch - Expands to Italy

The baked goods producer was able to increase its sales in 2010 again. The market is to be expanded to the south.

April 13, 2011

Austrian Construction Industry Aims at the Czech Republic

Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.

April 13, 2011

Leitl: Export Year 2011 Started in a Fulminant Way

Exports increased in January by 26%; the target for the full year is to achieve the pre-crisis year’s record export volume of € 117bn.

April 9, 2011

Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies

The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.

April 9, 2011

Central Asia as a Region of the Future for the Austrian Export Business

The Austrian Federal Economic Chamber (WKÖ) sees excellent delivery and investment opportunities for the domestic economy in Central Asia.

April 6, 2011

Forecast: Austria's Economic Growth in 2011 at 2.5%

The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.

April 2, 2011

Southeastern Europe as a Region of Hope for Austria

Great interest of Austrian companies at the Austria Foreign Trade Forum on Export and Investment Opportunities in Southeastern Europe

April 2, 2011

Mitterlehner: New Modernization Partnership Concluded with Russia

Minister of Economy: Investment opportunities for companies boost exports to Russia: innovations and new technologies as growth drivers.

April 1, 2011

AWO: "Great Italian Interest in Austrian Steel Know-How"

Foreign Trade Austria (Außenwirtschaft Österreich, AWO), sees good opportunities for domestic firms in Italy's steel industry.

March 31, 2011

Mixed Results for Crafts and Business Enterprises

Austria's business establishments are struggling especially with strong price pressures. Growth is moderate.

March 30, 2011

Mitterlehner Intends to Expand Economic Relations with Malaysia

A work meeting was held in Vienna with the Malaysian counterpart. New export opportunities exist primarily through eco-innovation.

March 30, 2011

Bene Intensifies Activities in Asia and Australia

The Austrian office furniture manufacturer expands foreign operations. International sales are now conducted by Søren Trampedach.

March 30, 2011

Increase in sales for OeKB Versicherung

After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.

March 26, 2011

Economic Growth at 3.5% in the First Months of 2011

The Austrian economy is expanding relatively strongly, driven by the robust external demand.

March 26, 2011 · Updated: March 27, 2011; 00:00

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

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.

March 25, 2011 · Updated: March 25, 2011; 03:52

Austria's Export Industry Grows Strongly

Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.

March 23, 2011

Andritz: Order from Finland

The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.

March 22, 2011

Austria's Agricultural Exports Continued to Rise in 2010

Ministry of Agriculture: "Success of export initiative and focus on quality of domestic agriculture”.

March 19, 2011

Awards for Austrian Products at British Food Fair

Economic Delegate Karabaczek: Austrian food producers scored in product innovation and top-quality in the UK.

March 19, 2011

Disaster in Japan Stops Exports

Current events in Japan have an impact on foreign trade. About 70 Austrian companies are affected.

March 18, 2011

WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"

Production value of Austrian industry remains behind pre-crisis values despite a recovery.

March 16, 2011

Bosnia is a Promising Market for the Austrian Construction Industry

The Bosnian government invests in highway construction and energy: Austria is a top foreign investor in Bosnia-Herzegovina

March 16, 2011

Austria Intends to Participate in World Bank Projects

AWO has been leading companies to international financial institutions: the World Bank annually awards about $ 70bn in loans for development projects

March 15, 2011

Österreichische Kontrollbank: "There are no Failures to be Feared"

Despite the unpredictable political and economic consequences of the turmoil in the Arab, OeKB Member of the Board Rudolf Scholten consideres that there will be no failures.

March 12, 2011

Rise in Austrian Exports by 21.0%

January to December 2010: imports considerably above, exports just below € 110bn.

March 12, 2011

2.7% Economic Growth Due to Exports

Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.

March 11, 2011

Moderate Rise in Turnover for Austrian Service Industry

Austrian service enterprises have overcome the economic crisis: Turnover increase of 3.3% in 2010, employment activities booming

March 10, 2011

Leitl: "Austria Continues as Top Investor in Bulgaria"

Bulgarian President Parvanov for economic talks at the WKÖ: Foreign trade volume between Bulgaria and Austria amounts to € 900m.

March 9, 2011

Mitterlehner: Further Expansion of Economic Relations with Colombia

Meeting with Colombia's Vice-President Garzón: New Memorandum of Understanding on economic cooperation is planned.

March 4, 2011

WKÖ: Development Plan for North Africa

Given the dramatic situation in North Africa, Christoph Leitl, President of the Economic Chamber (WKÖ) pleads for a ‘European Marshall Plan'.

March 1, 2011

Mixed Results for Investors in Bosnia

The outlook for 2011 is positive. Last year, however, was difficult for Austrian companies in Bosnia-Herzegovina.

February 25, 2011

Kazakhstan as a Chance for Foreign Trade

Austrian Economic Chamber promotes further development of economic relations with Kazakhstan.

February 23, 2011

Libya: Withdrawal of Austrian Companies

Most Austrian companies are getting their employees out as the result of violent riots in Libya.

February 22, 2011

Austrian Economic Chamber pursues contacts in New Zealand

A business delegation led by WKÖ President Leitl visits New Zealand and Australia to strenghten economic relations.

February 22, 2011

Austrian Economic Chamber in Singapore

The Austrian Economic Chamber’s delegation pursues contacts with potential partners during the state visit of President Fischer.

February 22, 2011

Knill Group Builds Factory in Russia for € 50m

The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.

February 20, 2011

Free Trade Agreement with South Korea

WKÖ: Additional trade potential for Austrian companies in South Korea for € 350m.

February 19, 2011

Spar: Moderate Growth in Market Share

The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.

February 18, 2011

Strong Growth for bauMax

The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.

February 18, 2011

Economic Indicator: 2011 Brings More Dynamism to Austria's Economy

Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.

February 17, 2011

Strong Sales and Weak Profits in Austria's Retail Business

Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".

February 16, 2011

Economic Growth Decreased Slightly in the 4th Quarter of 2010

The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.

February 16, 2011

Market Adjustments at the Gas Stations Business

Doppler, the largest private operator of gas stations in Austria predicts a decline in the gas station network.

February 11, 2011