Foreign Trade

Austria Still Sees Some Barriers in Trade with Iran

Austria is still facing some barriers in the trade ties with Iran, which could be started as of 2016, the Austrian economic delegation in Teheran representative Thomas Moschig said.

July 13, 2016

Austrian Exports Up 1.5 Pct Y/Y in April, Imports Slip By 0.1 Pct

Austria's total exports rose by 1.5 percent y/y in April, while imports slipped by a marginal 0.1 percent, stats office Statistik Austria said.

July 8, 2016

Foreign Trade Deficit Up to Nearly EUR 2 Billion in 2015

Austria’s trade of goods revived in 2015, Statistik Austria reports today, presenting final figures for the last year. Exports hiked by 2.7 percent to EUR 131.54 billion (USD 146 billion), while imports rose 2.8 percent to EUR 133.5 billion. The foreign trade deficit thus increased to EUR 1.99 billion, from EUR 1.74 billion a year earlier.

June 30, 2016

Doppelmayr's Aerial Ropeway in Vietnam Launched

Austria's ropeway firm Doppelmayr has completed some 2.2 km aerial ropeway in Vietnam which was launched on Saturday, the company said Monday.

June 27, 2016

CETA needs National Assembly approval

According to a parliamentary direction opinion, Austria’s National Assembly has to approve the trade agreement between Canada and the EU (CETA), for the agreement to come into force. The opinion indicates that the CETA is a mixed agreement, not only trade agreement, so it affects also national competencies.

June 17, 2016

International Retailers Flocking to Austria

International retailers are opening more and more branches in Austria. Last year 24 international brands arrived in Vienna. Especially European retailers are expanding.

June 17, 2016

Melecs EWS Electronics Set to Expand in China

Austrian electronics firm Melecs EWS is set to expand in China where it recently opened a new production plant in Wuxi, Jiangsu Province, the company said. By the end of FY 2017/18, Melecs EWS expects revenues from Chinese operations of EUR 70 million (USD 78.7 million) a year. The plant employs 200 staff.

June 15, 2016

Austrian Wood Industry Back on Track

Positive trend returned to the Austrian wood industry after three years of contraction. In 2015 the branch recorded 4.8 percent growth and generated sales of EUR 7.49 billion. The branch association expects a slight gain this year.

June 3, 2016

Denzel Boosts Sales and Profit

Austrian car dealer Denzel sold more last financial year raising sales by 4 percent to EUR 650 million. Over 40,000 vehicles were sold. The company made a EUR 10.6 million net profit. Among the importer’s biggest problems is finding the right employees.

May 19, 2016

AT&S Electronics Reports Mixed Results Because of New Plant in Chongqing

The listed Styrian circuit board producer AT&S has reported mixed results for the financial year 2015/16 due to the launch of its new plant in Chongqing. Sales increased by 14.4 percent to EUR 762.9 million. At the same time EBIT slumped 14.6 percent to EUR 77 million - AT&S announced. Group result decreased from EUR 69.3 million to EUR 56 million (USD 63.8 million).

May 10, 2016