Sponsored Content
Austrian Foreign Trade News and Analysis
Read the latest headlines about developments in Austrian foreign trade
Virtual Economic Forum between Tunisia and Austria
A Virtual Economic Forum titled "Tunisia & Austria - Promoting Business & Investment Cooperation", was held online by the Tunisian Embassy in Vienna and the Austro-Arab Chamber of Commerce (AACC) in collaboration with the Tunisian Foreign Investment Promotion Agency (FIPA Tunisia).
August 7, 2022
How the USA Assesses the Austrian Economy
Every year, the United States government publishes a report that informs US companies and investors about the business climate in more than 160 countries and economies, including Austria. In this US State Department report, business officials at embassies and missions around the world prepare and analyse a variety of economies that are or could be markets for US companies of all sizes. Read on if you want to know how the US views the Austrian economy!
August 4, 2022
International Organisations in Vienna: What is the United Nations Commission on International Trade Law?
The United Nations Commission on International Trade Law (UNCITRAL) is based in Vienna and aims to unify and actively promote international trade law. Learn more about this international organisation in Vienna!
August 3, 2022
How the War in Ukraine Affects Austrian Businesses
Besides causing enormous humanitarian and political problems, the Russian invasion has also caused a chain reaction in the economy that has been felt worldwide. Austrian Institute of Economic Research (WIFO) published a survey that examines exactly these questions in order to determine how strongly Austrian companies feel the crisis impacts them and which sectors are most affected.
July 19, 2022
Austria's Foreign Trade Achieves Strong Growth
In the previous year, there were strong increases in foreign trade compared to the first CoV year 2020. It is pleasing that almost all federal states were able to record a positive foreign trade balance.
July 15, 2022
Croatia's Euro Accession: "Great Advantages for the Domestic Economy "
As of 1 January 2022, Croatia will officially become part of the euro area. This holds great opportunities for Austrian companies.
July 13, 2022
Why Germany and Austria Are More Dependent on China for Strategic Raw Materials than on Russian Gas
China has established global dominance over many of the strategic raw materials needed to be competitive in the economy of the future. Read how Austria, Germany, and others have arguably become more dependent on these materials from China than on Russian gas.
July 5, 2022
Dignitaries From Vienna in Davos: Recap of the World Economic Forum 2022
The World Economic Forum (WEF) took place and some dignitaries from Vienna attended the meeting in Davos. Read more about the World Economic Forum in Davos in the Recap.
May 31, 2022
Protection of the European Single Market: European Commission Wants to Control Third-Country Subsidies
The European Commission has presented a new proposal to combat competition-distorting subsidies from third countries. The background for the proposal is the increasing global imbalance between companies from the EU and those from third countries. This is primarily to counter the influence of China and Chinese companies in Europe.
May 5, 2022
Austria and the Indecision for the Gas Embargo
The war in Ukraine has been raging for two months. To stop Russia, a great many countries have imposed tough sanctions on Russia. Many European countries and the U.S.A. want to impose a gas embargo on Russia. Austria is still very cautious about this step.
May 3, 2022
How the War in Ukraine Affects German-Austrian Trade Relations
After a Corona-induced decline in trade between Germany and Austria, the situation seemed to settle down again in 2021. However, high expectations for growth have recently been depressed by the Russian invasion of Ukraine. A brief analysis.
May 2, 2022
EU Subcommittee of the Austrian Parliament Discussed on Future EU Economic Policies
The EU Subcommittee of the Austrian Parliament discussed future EU economic policy. The topics of artificial intelligence, digitalization, EU trade policy, the update of the EU industrial strategy of 2020 and the modernization of competition law.
April 20, 2022
Europe's Energy Dilemma Requiring Austria and Germany to Rethink in Wake of Russian Aggression
Due to the Russian aggression against Ukraine, Europe has to face new questions about energy policy, which had been known for many years but were largely ignored and deferred. The much-discussed gas embargo in recent weeks is to further intensify the sanctions against Russia and its economy. Read more about the current situation.
April 6, 2022
Arab Chambers’ Day at the Austrian Pavilion at Expo 2020 Dubai
The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 provided an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event and which senior Arab and Austrian officials and delegations attended.
April 5, 2022
Trip to Israel: Market Exploratory Mission to Promote Austrian-Israeli Economic Relations
The Israeli-Austrian economic partnership is becoming increasingly important. Now Foreign Minister Schallenberg and Economics Minister Schramböck visited the Israeli state to intensify economic relations and to attend the opening of a major infrastructure project with Austrian participation.
March 31, 2022
Israel and Austria Move Closer Together: Strategic Partnership Agreement in Preparation
The strengthening of bilateral relations and common economic interests prompted Austria's Foreign Minister Alexander Schallenberg and Economics Minister Schramböck to visit Israel. The invasion of Russian troops in Ukraine as well as talks on the normalization process between Israel and several Arab states were on the agenda.
March 31, 2022
U.S. Ambassador Vicki Kennedy Received at AmCham Austria Welcome Gala Dinner
New U.S. Ambassador Victoria R. Kennedy recently attended an event organized by the American Chamber of Commerce in Austria (AmCham Austria), where she spoke about transatlantic trade relations and the Ukraine conflict. Read on to learn more about the event and its participants.
March 24, 2022
Canada and Austria: Current State of Political and Trade Relations
Relations between Canada and Austria continue to develop. A brief analysis of economic, academic and political relations.
March 23, 2022
Austria Enhances Bilateral Economic Relations with Conflicting Neighbors India and Pakistan
The initiative ReFocus Austria, accompanied by Austria's Foreign Minister Alexander Schallenberg, visited the emerging republics of Pakistan and India in recent days. The aim of the trip was to establish economic relations and promote mutual investments. Read on if you want to know which sectors are in particular demand.
March 23, 2022
Austria's Raiffeisen Bank Now Considering Russia and Ukraine Exit After All
Raiffeisen Bank International is considering withdrawing from Russia. The enormous civil suffering in Ukraine caused by Russia's war of aggression had led the management to this decision. This step is not taken easy, since Russia counts as one of the key areas of the Austrian bank.
March 18, 2022
Arab Chambers' Day at Austrian Pavilion at Expo Dubai
The event "Arab Chambers' Day" at the Austrian Pavilion at Expo Dubai 2020 will provide an opportunity for Emirati, Arab and Austrian delegates to meet and become acquainted with leading Austrian companies. Find out more about the event.
March 18, 2022
Austrian Parliamentary Delegation Visits India, which Maintains a Special Strategic Partnership with Russia
India received an Austrian delegation to strengthen bilateral relations between the two countries. Among other things, the delegation discussed the conflict in Ukraine and the hesitant attitude of the Indian government, which has so far not openly opposed the Kremlin.
March 17, 2022
Energy Supply: Liquefied Natural Gas from Qatar, Instead of Pipeline Gas from Russia
Chancellor Nehammer visited the United Arab Emirates (UAE) and Qatar with the intention of lessening Austria's dependency on Russian natural gas for energy. Read about the chancellor's visit and how liquefied natural gas could help solve this issue.
March 11, 2022
How Gazprom Helps the Kremlin to Manipulate Austria
The Russian government uses the majority state-owned energy corporation Gazprom to exploit Europe's dependency on Russian natural gas, and Austria is no exception. Read how the Kremlin uses Gazprom to influence Austria.
March 8, 2022
Russo-Ukrainian War: First Effects of Western Sanctions on Russian Economy
The Russian economy is already beginning to feel the effects of the Western sanctions for its invasion of Ukraine. Read what effects the sanctions are having on the economy.
February 28, 2022
Continued Strong Interdependence of Business between Russian, Ukrainian and Austrian Companies
Austrian businesses have established significant ties with those in Ukraine and Russia over the years. Read about the amount of business Austria does with each country and how the recent escalation of tensions could affect this.
February 23, 2022
Austria's Reaction to Putin's Disrespect for the Territorial Integrity and Sovereignty of Eastern Ukraine
Following President Putin's decision to recognize the independence of Luhansk and Donetsk in the Donbas region of Ukraine and to send "peacekeeping troops" to these areas, the Austrian government's Crisis Cabinet met to discuss how to respond. Read what Chancellor Nehammer said about the act of Russian aggression and what Austria will do.
February 22, 2022
Schallenberg Met Baerbock - Shared Responsibility Against the Aggression of the Kremlin
German Foreign Minister Annalena Baerbock met with Foreign Minister Schallenberg in Berlin to discuss the tensions between Russia and Ukraine, as well as climate action and the Western Balkans. Read what the two foreign ministers said about these issues.
February 21, 2022
EU - African Union Summit as Driver for Strengthened Economic Partnership between African Countries and Austria
Austria plans to use the upcoming European Union - African Union Summit as a means to strengthen the economic partnership between African countries and Austria. Read more about Austria's plans for strengthening cooperation with Africa.
February 15, 2022
Ukraine Crisis: Potential Impact of Russian Invasion on Ukrainian, Russian and EU Economies
The solution of the Russian aggression and violation of rights towards Ukraine, is of central importance for the world we want to live in. The Vienna Institute for International Economic Studies (WIIW) conducted a study on the potential economic impacts of a Russian invasion of Ukraine. Read their prediction for how an invasion would affect the economies of the EU, Russia, and Ukraine.
February 8, 2022 · Updated: February 11, 2022; 08:35
Armenia and Austria Strengthen Bilateral Ties
Foreign Minister Schallenberg is visiting Armenia in an attempt to strengthen bilateral ties. Read about Austrian-Armenian relations and Schallenberg's trip, which includes meetings with Armenian Prime Minister Nikol Pashinyan and Foreign Minister Ararat Mirzoyan.
February 2, 2022
Opec and Non-OPEC Members Agree Further Gradual Increase in Oil Production
At the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), the oil-producing countries decided upon a gradual increase in oil production for March. Read about this and the other decisions made at the meeting.
February 2, 2022
Austrian Airlines Relaunches Non-stop Flights to Los Angeles in Summer 2022
Starting in mid-May, Austrian Airlines will once again offer a direct flight between Vienna and Los Angeles to the U.S. West Coast. From 20 May, Austrian Airlines will fly five times a week to L.A.
January 31, 2022
Kazakh Foreign Minister in Vienna Promises Investigation into the Unrest
Foreign Minister of Kazakhstan Muchtar Tileuberdi met with Foreign Minister Schallenberg in Vienna, and the pair discussed the recent protests and violence in Kazakhstan. Read more about their discussion, and watch their joint press conference.
January 20, 2022
Meet Andrei Plotnikov, Head of the Trade Representation of Russia in Austria
Dr. Andrei Plotnikov, who was born in 1959 in Donetsk in the former Ukrainian Soviet Socialist Republic, currently the embattled eastern part of Ukraine, has been the Head of the Trade Representation of Russia in the Republic of Austria since 2021.
January 18, 2022
Crisis in Lebanon - Austria's 180 Men Help Counter Hezbollah
Foreign Minister Schallenberg is in Lebanon for a working visit to discuss the ongoing crisis the country is facing. Read more about Schallenberg's visit and how Austria plans to help Lebanon.
January 11, 2022
Australia and Austria for Strong Multilateralism and Foreign Trade
Foreign Minister Alexander Schallenberg reaffirmed the good relations with Australia in a personal meeting with Australia's Foreign Minister Marise Payne. Mrs. Payne also paid a visit to Chancellor Nehammer.
December 13, 2021
After Pandemic Shock, Strong Upturn in Foreign Trade: China +26.4 %, USA +18 %
New data for January to September 2021 shows that Austria's foreign trade is returning to pre-pandemic levels. Read about Austria's improving trade figures.
December 10, 2021
Russian Trade Representation in Austria Celebrated 100th Anniversary
The Russian Trade Mission in Austria celebrated its 100th anniversary on December 7, 2021. On this day, exactly 100 years ago, the agreement between Russia and Austria was signed, after which the Trade Representation of Soviet Russia in Austria was established.
December 8, 2021 · Updated: December 8, 2021; 18:20
Controversial Chinese 5G Network Operator Huawei Appointed New Austria CEO
The Mainland Chinese Harvey Zhang (38) has been appointed CEO of Huawei Technologies Austria, effective immediately. He replaces Jackie Zhang (38), who was appointed as the new Austria boss just a few months ago.
December 1, 2021
President of the German Chamber of Commerce in Austria Urges People to Vaccinate
Hans Dieter Pötsch, President of the German Chamber of Commerce in Austria (DHK), recently urged everyone to get vaccinated during the 66th General Assembly of the DHK. Read about Mr. Pötsch's urgent appeal and his outlook on economic relations between Germany and Austria.
November 30, 2021
Western Balkans: Foreign Minister Linhart Visits Albania and North Macedonia
Foreign Minister Linhart, accompanied by an Austrian business delegation, visited the Western Balkan States of North Macedonia and Albania. Read about the foreign minister's meetings with various government officials, as well as his meetings with local business people as part of the ReFocus Austria initiative.
November 22, 2021
Emirate of Qatar and Vienna to Cooperate in Cultural and Tourism Sectors
Vienna City Councilor Peter Hanke and Vienna Chamber of Commerce President Walter Ruck met with various government officials in Qatar to discuss further cooperation between Vienna and Qatar in the cultural and tourism sectors. Read about the visit and what, specifically, was discussed.
November 17, 2021
New Cargo Airline DHL Air Austria Creates 54 New Jobs at Vienna Airport
The new cargo airline DHL Air Austria, which is now headquartered at Vienna Airport, will handle European cargo flights in future with eighteen Boeing 757 aircraft and around 176 pilots.
November 12, 2021
US Embassy: Visit of the Chargé d'affaires Strengthens Economic Ties between USA and Upper Austria
The Chargé d'affaires of the US Embassy in Vienna Mario Mesquita visited Linz and met with Upper Austrian Governor Thomas Stelzer and Voestalpine CEO Herbert Eibensteiner. Read about Mesquita's visit and what was discussed.
November 11, 2021
Austrian Foreign Trade Picks Up Again
Austria's foreign trade in 2021 has improved significantly compared to 2020, and in some months, it is even approaching the pre-pandemic levels of 2019. Read the detailed numbers showing that Austrian trade is picking up again.
November 11, 2021
Expo Dubai: Viennese Coffeehouse is Culinary Ambassador
The Viennese coffeehouse, Austrian Delight, is serving as the culinary ambassador for Austria at the World Expo in Dubai. Read about how the cafe is representing Austria and what else Vienna is offering at the World Expo.
November 11, 2021
Linhart's Round of Visits to Central Asian Autocrats Was All about Deepening Economic Relations
Foreign Minister Linhart visited the Central Asian countries of Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan to strengthen economic relations. The foreign minister met various leaders and participated in multiple economic forums. Read about the details of his trip to Central Asia.
November 9, 2021
Strengthening Bilateral Economic Relations: Austria's Linhart in Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan
Foreign Minister Linhart is visiting Central Asia with a business delegation to attend the first EU-Central Asia Economic Forum and discuss economic relations with various government representatives. The foreign minister's trip includes stops in Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan. Read about Linhart's agenda and what topics will be discussed.
November 5, 2021
Austria Deepening Relationship with Gulf States: Foreign Minister Linhart in Qatar
Qatari Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al-Thani and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani recently met with Foreign Minister Linhart in Doha, Qatar. The leaders discussed various issues, including the strengthening of ties between Qatar and Austria. Linhart also met with Qatari business leaders as part of the ReFocus Austria initiative. Read about Linhart's trip to Qatar.
October 29, 2021
Fast News Search
This category only
