Austria invested €6bn in post-Communism Romania

Austrian companies have invested six billion Euros in Romania since the fall of Communism, a diplomat has revealed.Michael Schwarzinger, the Austrian ambassador in Bucharest, said that amount has been spent by businesses from his country since the reintroduction of democracy in Eastern Europe (EE) after the fall of the Iron Curtain in 1989.Austrian oil and gas firm OMV AG, Raiffeisen Bank International (RBI), industrial company Voestalpine and Erste Group Bank AG (Erste Bank) are among the main investors in Romania, according to the Romanian Times online newspaper.Schwarzinger revealed he liked wine varieties from Romania – which became a member of the European Union (EU) in 2007 – a lot as he attended the opening of a new vineyard co-owned by Austrian businesspeople in Buzau, eastern Romania, earlier this week.”Romanian wines are in competition with the best wines in the world – wines from France, Italy and Chile,” the Austrian said.