Foreign Trade

Chancellor Faymann: TTIP Free Trade Yes, But on Fair Terms

Federal Chancellor Werner Faymann (SPO) stated in connection to the the TTIP, CETA and TiSA information day to take place on Saturday, that he endorsed free trade, but on fair conditions.

Yesterday

Austria's Foreign Trade Shrank By 4.8 Percent in January

Foreign trade substantially decreased in January. Austrian exports sank, compared to the same month of last year by 4.8 percent to EUR 9.53 billion. At the same time imports decreased by 4.5 percent to EUR 10.13 billion according to preliminary data provided by Statistik Austria on Friday. The foreign trade deficit increased from EUR 591.5 million to EUR 600.9 million (USD 645.613 million).

April 10, 2015

Außenwirtschaft Austria: Iranian Oil Exports Expected to Hike Only Temporarily After Sanction Lift

Iranian oil might temporarily flood the market as a result of lifting the nuclear power programme ban imposed on that country, since Iran has huge reserves of the resource. However, once the reserves are used up it will need investments in oil fields, JBC expert Alexander Pögl reckons.

April 3, 2015

4,137 German Companies in Austria Employ 260,000 Employees

In Austria 4,137 German companies (stake of more than 50 percent) are active. They have 260,000 employees and their total output is over EUR 47 billion (USD 51 billion). Exports to Germany secures 500,000 jobs in Austria and generates an output of EUR 92 billion German chamber of commerce in Austria estimates.

March 30, 2015

Austrian Export Day 2015 - Tomorrow is Today: Meet Trade Delegates at the Exporttag

On June 30, 2015, from 10am to 5pm the Export Day (Exporttag 2015) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

March 27, 2015

China Visit: Austria Signs 20 Agreements Worth EUR 120 Million

Austrian Federal President Heinz Fischer is very satisfied about his visit to China. Austria has organized twice already official visits to that country and this time Austria’s head of state was met by China’s President, PM and head of Parliament.

March 27, 2015

Austrian Business with China further Growing

Even though China’s economic growth has slowed down recently, it still boasts a significant growth compared to Western markets. Apparently (see the FriedlNews reports on President Fischer's state visit to Beijing) Austrian firms try to take advantage of this 1.4 billion people market.

March 27, 2015

State Visit to China: President Fischer Accompanied by Business Delegation Travels to Beijing

Federal President Heinz Fischer is travelling for a state visit to China. He will be welcomed with military honors by Chinese President Xi Jinping and by Prime Minister Li Keqiang. According to the Federal Chancellery, besides economic issues, Heinz Fischer has on his agenda to address all burning political issues from Iran to Russia, Ukraine, Syria and North Korea, but also human rights.

March 25, 2015

Austrian Milk Product Exports Rise Despite Russia Sanctions

Austria's milk and milk products makers exported 48.7 percent of their total output in 2014 as the exports value rose by 5.4 percent y/y to almost EUR 1.19 billion (USD 1.26 billion), the industry association VOM head Helmut Petschar said.

March 17, 2015

Austrian Wine Exports Increased Again in 2014

Austrian wine exports keep growing. Since 2006 the value of exports of Austrian wine makers have been growing all the time. According to preliminary export figures from Statistik Austria, last year exports increased by 5.2 percent to EUR 146 million the volume increased by 6.4 percent to EUR 49.9 million (USD 53 million).

March 13, 2015