Foreign Trade

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

Austria Among Top 10 Countries with Biggest Payment Bottlenecks

Austria and its main trading partner Germany ranked among the top 10 countries with the biggest payment bottlenecks, credit insurer OeKB said in the quarterly report.

April 20, 2016

Farmers and Greenpeace Join Forces to Protest against TTIP

Austria’s retail group Spar, the association of Austrian organic farmers and environmentalist NGO Greenpeace close ranks to protest against the EU-US free trade agreement TTIP. A study by IHS and ÖFSE on the effects of the TTIP adds fuel to their opposition.

April 14, 2016

Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt

Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.

April 7, 2016

Georg Kapsch: EU Needs Trade Agreement with Russia

Next to the nearly ready trade agreement with Canada (CETA) and the trade agreement with the USA (TTIP), the EU needs an agreement with Russia, the head of the industrialists association (Industriellenvereinigung (IV)), Georg Kapsch, reckons.

March 7, 2016

Brussels Raises No Objections Against Austria's Support for Export Loans

The European Commission raised no objections concerning the Austrian state aid for export loans, the EC said on Monday.

February 15, 2016

Austria to Start Providing Guarantees for Exports to Iran Again

Austria announced that it would restart providing state export financing guarantees to businesses of Austrian companies in Iran. Due to sanctions issuing new guarantees has been suspended since October 2012.

February 12, 2016

Foreign Trade Deficit Down in November

The foreign trade deficit in Austria slipped to EUR 1.03 billion in eleven months of 2015, from EUR 1.61 billion (USD 1.8 billion) in the previous year, Statistik Austria reported. Exports rose by 2.4 percent to EUR 121.14 billion, while imports hiked 1.9 percent to EUR 122.17 billion.

February 8, 2016

OeKB: Austrian Exporters Face Biggest Payment Bottlenecks in Russia, Venezuela

Austrian exporters are facing the highest risk of payment bottlenecks in the case of Russian and Venezuelan partners, show the statistics published by specialpurpose bank OeKB comparing Q4 and Q3 2015. Other countries where Austrian firms encounter payment delays are Kazakhstan and Spain.

February 3, 2016