Page 1/46

Foreign Trade

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

AT&S Bets on Chinese Investment, Technological Development

Listed printed circuit board maker AT&S suffered a decline in FY 2015/16 net profit by 19.3 percent to EUR 56 million (USD 63.8 million), despite a 14.4percent increase in revenues to EUR 762.9 million, the company said in a report and during a conference on Tuesday.

May 10, 2016

Statistik Austria: Foreign Trade Relocating Toward EU

Austria’s economic policy may involve the search for export markets beyond Europe, but for the moment being the flow of goods has been focused on the EU this year, Statistik Austria reports today. In February domestic export to the EU firmed by 7.1 percent to EUR 7.63 billion, while imports from EU member states rose 5.2 percent to EUR 7.85 billion (USD 8.97 billion). Meanwhile, trade with third countries has shrunk.

May 9, 2016

Backaldrin to Build New Factory in Russia

Upper Austrian baking ingredient maker Backaldrin, producer of flagship pastry Kornspitz, is going to expand in Russia by building a new factory in the new industrial park Novoe Stupin, some 75 km off Moscow.

April 26, 2016

India-Austria Bilateral Foreign Trade Volume Increases to EUR 1.40 Billion

Last year was a very good year for India-Austria foreign trade. Experiencing a much faster growth rate than Austria’s overall trade, Austria imported items amounting to EUR 702 million from India and exported a volume amounting EUR 700 million to India.

April 20, 2016