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Exports

EFKON Group Wins Major Contract in South Africa

The Austrian EFKON Group has been awarded a contract to install an Intelligent Transportation System on freeways in South Africa.

February 2, 2011

Rieder Wins Major Contract in Saudi Arabia

The Austrian Company Rieder will supply roofing and facade elements for the world's largest energy research centre in Saudi Arabia

February 2, 2011

Leitl Welcomes Medvedev's Idea for a European-Russian Economic Area

Closer cooperation between the EU and Russia would "stabilize economic and social development". Austria's foreign trade with Russia is flourishing.

January 28, 2011

WKÖ Celebrates 40 years of Diplomatic Relations between Austria and China

The Austrian Economic Chamber stresses the relevance of China for Austria's foreign trade in the context of the anniversary.

January 27, 2011

Austria's Growth Remains Dependent on Exports

The Austrian GDP will grow in real terms, according to WIFO, at an annual average of 2.2% per year between 2011-2015. The unemployment rate is expected to stagnate.

January 25, 2011

Austria's Agricultural Exports Grow

Agricultural exports were able to recover, but have not reached yet the 2008 level.

January 22, 2011

Expansion of Cooperation Between Kazakhstan and Austria

Cooperation with the Kazakhstan Development Bank intends to boost economic relations with the third-largest CIS trading partner.

January 22, 2011

Andritz Receives Major order from Brazil

The Austrian technology group supplies equipment for a pulp mill in Eldorado, Brazil.

January 22, 2011

Austria's AAA Credit Rating Confirmed

The U.S. rating agency Moody's confirms the Republic of Austria’s Triple-A rating. The outlook remains "stable".

January 21, 2011

Major Order for Andritz from Malaysia

The Austrian technology company Andritz receives a major order for new stainless steel plant in Malaysia.

January 19, 2011

Slight Decline in Furniture Exports

Austria's furniture industry shows itself cautiously optimistic despite a slight decline in exports and expects production increases.

January 18, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Poland is a Big Opportunity for Austria's Export Economy

The Austrian Economic Chamber sees tremendous opportunities for the local export industry. The construction industry could particularly benefit from the boom in Poland.

January 15, 2011

Austria's Trade Deficit with China Shrinks

Thanks to the rising export figures, the trade deficit in the traditionally negative balance with China is declining.

January 13, 2011

Growth in Austria's Foreign Trade and Direct Investment

Austria's goods, services and capital transactions abroad grow strongly, a sign of solid recovery.

January 13, 2011

Rapid Increase in Exports to Emerging Markets

The Austrian export economy can benefit massively from the solid demand from Asian and South American emerging markets.

January 12, 2011

Insolvencies decline in Austria

Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.

January 11, 2011

Strong Increase in Austrian Foreign Trade Figures

January to October 2010: imports and exports increased by more than 15%

January 6, 2011

WIFO and IHS Foresee Economic Weakness

The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.

January 5, 2011

Leitl Urges Implementation of Reform Plans

The President of the Austrian Economic Chamber shows himself pleased by the economic data 2010 and urges the continuation of educational and administrative reforms.

January 3, 2011

Billion Worth Qatar Holding Explores Investment Opportunities

The Austrian economy expects closer relations and potential export opportunities as the result of the state visit of the Emir of Qatar.

December 30, 2010

Good Prospects for Austrian Exports

The outlook for 2010 is favorable after the sharp decline of Austrian goods exports in the crisis year 2009 (-20.2%), .

December 29, 2010

Austria's Export Economy is Booming

Given the high growth rates in the past year, the Austrian export economy shows itself also optimistic for 2011.

December 22, 2010

WIFO: Economic boom persists, but also risks

The export-driven boom of the Austrian economy continues. Growth will however slow down in the first half of 2011.

December 20, 2010

Austrian Economic Chamber focuses Growth Market China

Minister of Economy Mitterlehner presented together with the President of the Economic Camber, Leitl, strategies for the export market China.

December 17, 2010

Bank Austria´s Economic Analysis: 2% Growth in 2011

The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.

December 16, 2010

Allianz: Austria's Economic Production has Reached Pre-crisis Level in 2011

Strong exports and government stimulus programs enabled growth. Despite public savings constraint, Allianz expects further upward trends.

December 15, 2010

Economic Chamber: Cautious Optimism in Austrian Industry

Industrial production is at the level of 2006; exports are still below pre-crisis levels.

December 15, 2010

Economic Chamber: Positive Outlook for 2011

The Business Barometer presents both opportunities and risks for the Austrian economy. Shortage of skills and low investment continue being weak points.

December 13, 2010

WIFO: Austrian Manufacturing Industry in Good Position

The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.

December 10, 2010

Strong Growth in Foreign Trade

In the first nine months, Austria imported goods for € 82.45bn (+14.8%). Exports increased by 5.8% to € 79.69bn.

December 8, 2010

Economic Chamber in Tokyo: Biotechnology as an Opportunity

The President of the Vienna Economic Chamber, Brigitte Jank, sees above all great opportunities for Austria in Japanese biotechnology and pharmaceutical industries.

December 6, 2010

Trade Between Russia and Austria is Booming

The volume of trade between Austria and Russia has increased by 30%. Innovation and modernization are core issues for both countries.

December 6, 2010

Leitl Vehemently Defends Euro Protection Shield

The President of the WKÖ (Austrian Federal Economic Chamber), Christoph Leitl, gives a clear answer to the euro critics: without the euro, Austria would have become a problematic case in 2009.

December 6, 2010

Stable Recovery of Austrian Economy

The Oesterreichische Nationalbank (OeNB, Austrial National Bank) is assuming a growth of the economy of 1.9% for 2010. Further acceleration is possible for subsequent years.

December 3, 2010

Mitterlehner: To Expand Further Good Trade Relations with Switzerland…

The Minister of Economy, after meeting with his Swiss counterpart, said: "Switzerland is the third most important export partner; new opportunities with eco-innovations should be profited from".

December 2, 2010

Wind Energy: Austrian Suppliers Export for € 450 million

More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.

December 2, 2010

EU Growth Forecast: Austria Slightly Over Average

The EU Commission has revised its growth forecast for 2011 slightly upwards. Austria stays at 1.7% in the above average area.

November 30, 2010

Carinthia Strengthens Relations with China

The Carinthian Economic Chamber President, Franz Pacher, has signed a bilateral trade agreement with the Beijing Economic Chamber.

November 29, 2010

Is the Austrian Industry still competitive?

The chief economist of the Industriellenvereinigung (IV), Christian Helmenstein, draws a sobering picture on the future of the domestic industry.

November 26, 2010

Europe's Public Debt and Unemployment Remain High

Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.

November 25, 2010

India: New Promising Market for Austrian Supply Industry

Car sales in India rise steadily by 30%. Indian vehicle and component manufacturers are increasingly showing interest in foreign technology.

November 23, 2010

WKÖ Promotes Trade With Developing Countries

The Economic Chamber Austria presents its strategies to strengthen Austrian companies in order to take advantage of business opportunities in developing and emerging countries more effectively.

November 23, 2010

Solid Growth inTrade Between Austria and the Czech Republic

Exports between the two countries rise by around 20%. Cooperation is to be extended also to research.

November 22, 2010

CEE: Catch-Up Process Starts Again

After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.

November 22, 2010

Indonesia and Austria Agree to Extend Cooperation

President Fischer officially visited the Islamic Republic Indonesia, which is of the most important future markets of the South Asian region for Austria.

November 17, 2010

WKÖ: China Overtakes the U.S. as the Most Important Overseas Austrian Trade Partner

The volume of foreign trade (exports and imports) with China in the second third of the year was 5.6 billion euro compared to 5.1 billion euro with the U.S.

November 16, 2010

Austria´s Economy: Recovery Accelerates

According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.

November 15, 2010

Mechanical Engineering Returns to High of Growth

The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.

November 15, 2010

Austria: Strong Growth Again in the Third Quarter 2010

According to the latest flash estimate of the Austrian Institute of Economic Research (WIFO), Austria's economy again expanded in the third quarter of 2010 by 0.9% over the previous quarter (after +1.2% in the second quarter).

November 12, 2010