Publicat pe 16/03/2018

Vienna, March 14th -15th, 2018: The delegation of the Chamber of Commerce and Industry of Romania (CCIR) lead by Mr. Mihai Daraban, the President of CCIR paid a working visit to Austria, on March 14th-15th, 2018.

On this occasion, Mr. Mihai Daraban had a working meeting with H.E. Mr. Bogdan Mazuru, Ambassador of Romania to Austria and Mr. Adrian Adam, Secretary II. The main topic of discussion was the importance of maintaining and consolidating trade between the two countries, with a focus on stimulating Romanian exports. The president of CCIR said that the entire Romanian Chamber of Commerce and Industry System will constantly inform the business community about the business opportunities on this market and will provide support to entrepreneurs in their business internationalization business.

The President of the CCIR mentioned that Austria is one of Romania’s main economic partners, ranked third in the ranking of foreign investors, according to the share held in the FDI balance (December 31st, 2016, according to the information provided by BNR). Moreover, Mr. Mihai Daraban stressed that the balance of trade balance is negative for Romania, and this fact generates both challenges and opportunities for the business environment.
Also, during the visit to Austria, the President of CCIR handed to Gaston Glock, Honorary Consul of Romania in Klagenfurt, a trophy and “Certificate of Excellence” for outstanding contribution to the development of bilateral economic and trade relations between Romania and Austria.

Background

Between January and November 2017, Austria ranks 12th in the top export partner countries of Romania and 9th place on import.

For the same period, Romania – Austria bilateral trade amounted to 3670.1 million Euro, with an export level of 1359 million Euro, while the import level was 2311.1 million Euro.

In January 2018, according to ONRC, 7409 companies with Austrian capital were registered in Romania, with a total subscribed capital of 4.96 billion Euros. Total direct Austrian investment in Romania at December 31st, 2016 was 8.33 billion Euros, and the share of total foreign direct investment in Romania is 11.9%, according to the NBR.