The Economy Chamber (WKO) has warned from overly positive economic forecasts. The Institute for Economic Research (WIFO) recently said Austrian enterprises might invest 5.6 billion Euros this year in the domestic economy, 12 per cent more than in 2011. The WKO’s industrial section announced yesterday (Weds) that firms’ spending might not rise as sharply. WKO […]
Austrian wine is proving increasingly in the world wine market. On the International Wine-Growers Day in Großriedenthal, Austria, this week hundreds of producers gathered to discuss further export opportunities, particularly in East Asia. Despite a low yield throughout the course of the year the last two years have seen record exports of wine from Austria […]
The Austrian economy has to up its focus on emerging markets, a government minister has warned.Peoples Party (ÖVP) Economy Minister Reinhold Mitterlehner appealed on exporting firms based in Austria to eye up business in up-and-coming economies in Asia and South America to ensure Austria remains competitive.The minister explained today (Tues) that around 83 per cent […]
The Austrian economy is reasserting itself, new figures show.Statistik Austria announced today (Fri) the value of exports carried out by Austrian companies increased by 16.5 per cent to 109.2 billion Euros last year compared to 2009. The state agency however pointed out that 2009 figures had shown a 19 per cent decline compared to 2008.Firms […]
There have been 1,400 new Austrian exporters since the inception of Go International initiative in April 2009.The figures were revealed by Dr Christoph Leitl and Reinhold Mitterlehnerfrom the Austrian Ministry of the Economy and the Austrian Federal Chamber of Commerce (WKÖ) at the opening of the 8th Austrian Export Day of the Austrian Foreign Trade […]
Austrian exports rose in February by 5.5 per cent year on year to 7.82 million Euros, according to Statistik Austria.The agency added today (Fri) that imports had grown by 3.4 per cent year on year to 8.08 billion Euros in February. Both exports and imports had declined year on year in January.For the two months […]