Austrian Foreign Trade News and Analysis
Read the latest headlines about developments in Austrian foreign trade
Austria Has Fourth Biggest Net Surplus
The EU27 current account shows a deficit € 4.1bn. € 31.1bn surplus for trade in services.
July 19, 2012
Europe Hinders Austrian Economy
Due to the European economic weakness, Austria almost stagnates. Slight corrections in austerity programmes, weaker euro and lower oil prices indicate an economic stabilisation in late 2012 though.
July 17, 2012
Bulgaria Aims to Join Eurozone
Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.
July 16, 2012
Poland Not to Enter the Eurozone Soon
For the time being, Poland will keep the Zloty. After the Eurozone has managed the current crisis, an accession is conceivable, Foreign Minister Radoslaw Sikorski says.
July 14, 2012
EU – An Escape for Serbia?
The economic prospects for Serbia are gloomy. The priority of the new Serbian government is to join the European Union.
July 14, 2012
Austrian Foreign Trade Figures Flattening
After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.
July 12, 2012
Stable Outlook for Austrian Industrial Sector
Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.
July 11, 2012
Economic Report: „Reducing Dependence on Europe“
Today, the Austrian government published its "Economic Report 2012".
July 9, 2012
Growth in CESEE Region Flattens Further
The Vienna Institute for International Economic Studies (WIIW) lowers ist forecast for the CESEE region.
July 6, 2012
Libya: Austrian Companies Face Losses of € 200m
Since the attacks against Libya in 2011, the damage for Austrian companies operating in Libya total € 200m. Major projects had to be postponed.
July 4, 2012
Hungary: Financial Transaction Tax to be Extended
The Hungarian government plans a growth stimulus program, which should be funded with the extension of the current financial transaction tax.
June 30, 2012
„Austria Is Well Situated, but Needs Reforms Urgently“
Austria´s economic perspectives are slightly positive. The Austrian Chamber of Commerce reaffirmed its call for regional economic reforms.
June 30, 2012
Support for Export-Oriented SMEs
The Austrian Ministry of Finance increased the bill guarantee facility for small and medium-sized enterprises to € 1.2bn.
June 29, 2012
Austria Connect 2012 in Washington D.C.
From September 13, 2012 to September 15, 2012 the Austrian Trade Commissions will hold its conference in Washington D.C.
June 29, 2012
Leitl: „Securing Austria´s Top Ranking“
WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.
June 27, 2012
Austria and South Korea Celebrate 120 Years of Bilateral Relations
Austria´s Foreign Minister Spindelegger: "Relationships between South Korea and Austria better than ever".
June 26, 2012
Austria´s Exports to Asia on the Rise
Last year, Austrian exports totaled € 122bn. Above all, exports to emergin markets Brazil, India and China are growing.
June 21, 2012
CESEE Banks: Small Exposure in Southern Europe
The riskiness of assets held by CESEE banks is manageable, the U.S. rating agency Fitch says. The CESEE region has closer links to Western Europe than to Southern Europe.
June 20, 2012
Mitterlehner: „Romania is an Important Trading Partner“
Austria´s Minister of Economic Reinhold Mitterlehner sees many business opportunities for Austrian enterprises in Romania. Above all, the energy sector is highly promising, Mitterlehner says.
June 18, 2012
Gloomy Growth Prospects for Austria
Bank Austria cuts its growth prospects for Austria. Instead of a GDP growth of 2.0% in 2013, the analysts now expect economic growth to reach 1.5%.
June 16, 2012
Leitl Underlines Good Relations with Hungary
At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.
June 14, 2012
Austrian Central Bank Expects Economic Stabilization
Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.
June 11, 2012
Slow Growth in Austrian Foreign Trade
January to March 2012: small increase in imports (2.3%) and exports (2.8%).
June 6, 2012
Austrian Furniture Industry Increases its Exports
In 2011, the total production of the Austrian furniture industry decreased by 3.3 percent to close to € 2.3bn according to the latest figures.
June 6, 2012
Austria to Expand Relations with Cyprus
Federal President Fischer and WKO´s President Leitl accomodated the Cypriot-Austrian Business Forum. Economic relations show potential for expansion and further development.
June 4, 2012
Economic Balance: EU Warns Austria
The Commission of the EU issues an early warning for Austria as the thresholds of three macro-economic indicators were exceeded.
May 31, 2012
Service Exports Key Success Factor for Austrian Foreign Trade
Regardless of global economic turbulence, Austria enjoyed considerable success in the international trade of goods and services in 2011.
May 22, 2012
Great Demand for Austrian Tourism Knowledge in Bulgaria
The Bulgarian tourism industry pushes for an improvement in quality. Austrian AWO brings together Austrian suppliers and potential business partners in Bulgaria.
May 21, 2012
“Three Problems of Europe: Divergence, Indebtedness and Weak Banks”
The new director of the Austrian IHS (Institute of Advanced Studies) Christian Keuschnigg thinks that a Greek exit would have to take place suddenly.
May 21, 2012
Austrian Innovations on the Rise in Export Markets
The patent statistics clearly show that Austrian companies and inventors are becoming ever more prominently positioned on the international markets.
May 18, 2012
Economic Indicator: Slow Recovery Expected
The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.
May 16, 2012
Austrian Economy Grows Slowly
After a period of stagnation, the Austrian economy showed a small growth rate of 0.2% in the first quarter of 2012.
May 15, 2012
Saudi-Austrian Forum in Vienna
Saudi Arabia and Austria celebrated the 55th anniversary of Saudi-Austrian relations. Foreign trade is growing substantially.
May 14, 2012
Keuschnigg: „Problem Countries Must Cut Wages“
The designated director of the Austrian IHS (Institute of Advanced Studies) thinks that a drastic wage cut in Greece, Portugal and Spain is inevitable.
May 12, 2012
Small Rise in Foreign Trade
January to February 2012: moderate increase in imports (3.9%) and exports (5.4%).
May 8, 2012
Austria Emphasizes Importance of Partnership with Russia
Austrian State Secretary Wolfgang Waldner meets Russian Deputy Foreign Minister Titov.
May 8, 2012
Global Demand for Solar Technology from Austria
Riyadh, the capital of Saudi Arabia, is currently home to the world's largest solar thermal plant. The technology behind this plant came from Austria.
May 8, 2012
Austrian Exports to Canada up by 4.5% in 2011
Bilateral trade between Austria and Canada reaches € 1.13bn. Canadian Exports to Austria were down by 1.9%.
May 7, 2012
“Russia now among top 10 Austrian Trading Partners”
Austrian Foreign Minister Spindelegger meets with Russia’s Deputy Prime Minister Zubkov.
April 25, 2012
Austria to Intensify Cooperation with Croatia
The Austrian Minister of Economics met his Croatian counterpart in Vienna. Above all, the EU-accession and investments were discussed.
April 24, 2012
Leitl: Increasing Foreign Trade with Russia
The President of WKO (Austrian Chamber of Commerce) wants to raise bilateral trade volume up to € 10bn by 2015.
April 23, 2012
Austrian-Chinese Trade at All-Time High
Last year, bilateral trade volume rose by 13% in 2011 to over € 9bn. Austrian Exports rose by 11.7%.
April 10, 2012
Foreign Trade: „We are on the Right Way“
Christoph Leitl, President of the Austrian Chamber of Commerce comments the export development: “The data of January show that we are on the right way.”
April 7, 2012
Austrian Trade Mission 2012: “A Big Success”
With their trip to the Kingdom of Saudi Arabia, Austrian companies are highly satisfied.
April 5, 2012
Moderate Increase in Foreign Trade
In January 2012, Austrian foreign trade grew slower than in 2011. Exports increased stronger than imports.
April 5, 2012
Austrian Industrial Sector Faces Uncertainties
The Austrian industries expect a stagnation of business. Economic growth is low, export growth will be decent. Moreover, the order stock is declining.
April 4, 2012
Austrian Exports to France Exceed € 5.0bn
In 2011, Austrian exports to France were up by 10.2%. France remains one of Austria´s most important trading partners.
March 28, 2012
Norway Is one of Austria´s Most Important Wine Market
Austria's wine sector set a new export record at € 126m (an increase of 2.6% over the previous year) in 2011.
March 28, 2012
Austrian Exports to Japan Reach New Record
Last year, bilateral trade between Austria and Japan recorded a new high. Austrian exports to Japan amounted to € 1.3bn.
March 27, 2012
BNP: Austrian Economy Recovers
GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.
March 26, 2012
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