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Agricultural Industry

IAEA Laboratories in Seibersdorf - A Hub of Scientific Excellence

The laboratories of the International Atomic Energy Agency (IAEA) are located in the town of Seibersdorf, where scientists carry out unique work in support of global peace and development. Located 35 kilometres south of Vienna, the 10 laboratories play an important role in the IAEA’s activities in the areas of nuclear verification, food and agriculture, human health, industrial applications and the environment. Recently Austrian President Van der Bellen paid a visit to Seibersdorf.

October 16, 2018

Exporters to Russia Facing Increasing Payment Risk

Russia is currently experiencing a slowdown in economic growth, and the situation is most likely to deteriorate further as a result of the newly imposed sanctions. Atradius is observing an impact across all sectors in the form of decreasing domestic demand, a weaker rouble exchange rate, a rise in inflation, limited access to external financing and international capital outflow.

September 18, 2014

Russia Orders Agricultural Import Bans in Sanction Retaliation

Vladimir Putin signed a decree limiting or banning imports of agricultural products from countries which have imposed sanctions on Russia, the Kremlin's press service announced. It is estimated that following CEE/SEE countries will be hit by the retaliatory sanctions: Romania, Serbia, Hungary, Poland, Slovakia, Czech Republic, Slovenia, Bulgaria, Ukraine, Brussels, Croatia, Estonia, Latvia and Lithuania.

August 6, 2014

Slovenia: SMEs Protest Against Real Estate Tax

Tax bills would rise by many times for small business owners.

February 24, 2014

Hungary: Austrian Farmers Still Left in the Dark

There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.

January 9, 2014

Hungary Amending Figures of Budget Deficit

Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.

January 8, 2014

Romania´s GDP Growth to Slow Down

In 2014, Romania is expected to grow moderately. Compared to 2013, growth will decelerate. The recovery mainly depends on exports.

December 16, 2013

UniCredit Toying With Idea of Take-Over in Poland

Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.

October 3, 2013

China to Acquire Ukrainian Farmland

In the coming fifty years crops are supposed to be grown and animals should be bred in the Ukraine for the Chinese market.

September 23, 2013

Bulgaria Allows Non-Residents Acquisition of Farmland

Bulgaria will allow foreigners will be able to acquire agricultural land.

September 16, 2013

Austria: Spindelegger Confident About Becoming New Chancellor

The intense elections campaign for the Austrian People’s Party (ÖVP) has officially started on Tuesday. Deputy Chancellor and party leader Spindelegger promised more jobs and housing space.

September 11, 2013

Romania: West Region to Catch Up Economically

Romania's West Region aims to catch up with its more developed peers in the European Union.

September 9, 2013

Serbia: UK Enterprises Likely to Invest in Serbia

70 British companies are interested in investing in Serbia's economy.

September 6, 2013

President Fischer Urges Austria to “Roll Up Sleeves“

In regard to the current election campaigns, the Austrian President Heinz Fischer has urged the parties for joint efforts.

September 4, 2013

Ukraine Remains in a Recession for a Year

In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.

August 20, 2013

Romania: GDP Slowed Down in Second Quarter 2013

Romania: GDP slowed down in Q2, as expected by RBI.

August 16, 2013

Romania: Positive Inflation Development

Inflation dynamics in Romania surprised on the positive side in July.

August 13, 2013

Romania: Good Prospects for Economic Upturn

In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.

August 9, 2013

Hungary: Land Reform Evokes Conflict

“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.

August 8, 2013

Serbia: Moderate Upward Trend

In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.

August 6, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 2013

Croatia: Agrokor Becomes Biggest Retailer in SEE

After the take-over of Slovenian chain of retail stores Mercator, Croatian corporation Agrokor employs 60,000 persons in the region of former Yugoslavia.

June 18, 2013

Austria: Highwater Damages Higher Than in 2002

A surface of 22,000 hectars was flooded in Austria. The Chamber of Agriculture estimates damages to be highter than during the last major flood in 2002.

June 14, 2013

Slovenia: Mercator to be Finally Sold

It is the ninth sale attempt for Slovenian trade chain Mercator today, but it could be finally sealed. Croatian corporation Agrokor is the interested party. A dozen owners will decide about the retail chain’s fate.

June 14, 2013

US: Kerry Announced Support of Ukraine’s EU Integration

US Secretary of State John Kerry announced his support for Ukraine’s move towards an EU membership.

May 13, 2013

US: Most Important Export Market for Austrian Wine

The United States have replaced Germany as the most important export market for Austrian wine.

April 25, 2013

Hungary: Lopatka Presses For Legal Security for Austrian Enterprises

State Secretary Reinhold Lopatka met with Hungarian State Secretary for European Affairs Gergely Pröhle in Budapest toda to urge for legal security for Austrian enterprises in the neighboring country.

April 19, 2013

„Unlawful“ Farming in Hungary

The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.

April 16, 2013

Russia: Kalashnikov-Producer Izhmash Suspected of Embezzlement

A former General Director is suspected of having transferred securities beyond their value. A lawsuit based on corruption allegations was filed against a former Deputy Agriculture Minister.

April 11, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

Hungary: Tax Overhaul Finalized

Minister for National Economy: taxation system completed - time for fine-tuning.

March 27, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Hungary: Austrian Farmers on the Verge of Dispossession

A new regulation should help Hungarians prevent from "greedy speculators".

March 8, 2013

Hungary: GDP Fell by 2.7%

The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.

March 8, 2013

Hungary: Incoming National Economy Minister Summarizes Targets

Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones

March 7, 2013

Hungary: Expropriation of Foreign Farmers

Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.

March 7, 2013

Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison

Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.

March 6, 2013

Romania: Disappointing Economic Growth

“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.

February 21, 2013

Hungary: Hope for Soon Economic Recovery Vanishes

In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.

February 19, 2013

Spindelegger: “Acceptable Result for Austria”

“For Austria, this result is not exactly a reason to be euphoric, but it is important both for Europe and for us that we have managed to reach an agreement.” Austria´s Minister of Foreign Affairs said.

February 12, 2013

Despite Budget Cut: Poland Receives More Money

“This is one of the happiest days of my life.” Poland´s Prime Minister Donald Tusk said.

February 11, 2013

Hungary´s Economy to Recover?

Hungarian Minister of Economics György Matolcsy says that the country may achieve the turnaround this year. Last year, several adverse factors occurred at the same time, Matolcsy explained.

February 7, 2013

Continued Success for Austrian Wine Exports

The Austrian wine industry managed to maintain export volumes in 2012 despite the low yields and even saw revenues increase.

January 29, 2013

Hungary: Production of Main crops Decreases Sharply in 2012

In 2012, 25% less cereals were produced on a 2% larger area than in the previous year.

January 21, 2013

Austria´s EU Contributions to Increase Substantially

Austria is expected not only to lose its discount, but also to receive lower subsidies.

December 18, 2012

Austria: Agricultural Income Declines

First estimates for 2012 show decline in agricultural income in Austria.

December 12, 2012

Romania: Economic Upswing Expected

According with the flash estimates, real GDP declined by 0.5% qoq and by 0.6% yoy in Q3. “In our view, contraction was mainly the result of a plunge in agricultural output.” Austrian Raiffeisen Research says.

November 26, 2012

Bank Austria: “Austrian agriculture has optimistic prospects for the future”

Agricultural revenues grew by roughly one third in 2010 and 2011 to EUR 2.6 billion. Agriculture loses a bit of momentum in 2012: Losses in revenue despite price increases due to dramatic decline in harvest yields.

November 14, 2012

Macedonia to Stimulate Economic Growth

Due to the recession in the Eurozone, exports are shrinking. Next year, Macedonia will overcome the crisis, the local government says.

September 24, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012
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