Austria Romania Bilateral Economic Relations. Rudolf Lukavsky, Consilierul Comercial September 16, 2014, Bucharest

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1 Austria Romania Bilateral Economic Relations Rudolf Lukavsky, Consilierul Comercial September 16, 2014, Bucharest

2 Austrian exports to / imports from Romania Exports 1,8 bn. (-7.5 %), Imports 1,1 bn. (-0.4 %) in 2013 Source: Statistik Austria 2 2

3 Austria is top investor in CEE. Source: Austrian National Bank as per

4 Also in Romania - Austria is top! Austrian investment amounts to 10.9 bln Euro 18.5 % of total FDI. Source: National Bank of Romania as per Dec 31,

5 Austrian companies contribute to the development of the economy in Romania and the creation of valuable jobs. modern technology - job creation social values environmentally friendly sustainable business concepts over 1,000 active Austrian investors 6,794 companies with Austrian equity around 100,000 direct employees 5

6 Important sectors Resources Agriculture Industry Services 6 6

7 What makes Romania so attractive Largest market in Eastern Europe, a region where Austrian companies are particularly active Very favourable prerequisites in a variety of sectors Cultural proximity to Austria Very good foreign language capacities Ambitious modernization plans, abundance of projects and opportunities Financing through EU-structural funds Competitive labour costs and attractive tax regime Large Romanian community in Austria, consistent economic and historic ties 7 7

8 Despite difficult economic conditions Austrian companies continued investing. Apart from the biggest well known Austrian investments - OMV/Petrom und Erste Bank/BCR many other Austrian companies with remarkable success in Romania, also SMEs. 8

9 New Austrian Projects fresh investments

10 AUSTRIAN INVESTMENTS IN ROMANIA OMV-Petrom In 2011 Romania s biggest gas power station was built. OMV-Petrom has invested 500 mil. Euro in the 860 KW power station. This power station alone covers 8% of average energy consumption of Romania. 10

AUSTRIAN INVESTMENTS IN ROMANIA STRABAG STRABAG in a consortium with Vinci (France) and Aktor (Greece) has won end of 2013 the tender for 58 km of highway incl.

11 AUSTRIAN INVESTMENTS IN ROMANIA STRABAG STRABAG in a consortium with Vinci (France) and Aktor (Greece) has won end of 2013 the tender for 58 km of highway incl. tunnels and bridges for the first time crossing the Carpatian mountains on a highway from Comarnic to Brasov. This project will be the first mayor PPP project in traffic infrastructure in Romania

12 AUSTRIAN INVESTMENTS IN ROMANIA Schweighofer In 2013/14 Schweighofer invests 150 mil. Euro in a wood processing plant in Covasna. In addition to this project Schweighofer already operates plants in Sebes, Radauti, Siret and Comanesti as the largest investor in this sector

13 AUSTRIAN INVESTMENTS IN ROMANIA Raiffeisen Evolution Floreasca Sky Tower the highest building in Bucharest with 137 m. Promenada Mall with a gross floor area of sqm on 6 levels with underground parking lots. built by STRABAG in

14 AUSTRIAN INVESTMENTS IN ROMANIA BILLA Romania Billa has increased it s network of shops in Romania to 80 outlets and belongs to the largest supermarket chains in Romnia

15 AUSTRIAN INVESTMENTS IN ROMANIA Porsche In 2013 Porsche has invested 15 mil. Euro in a new showroom and service station for Audi, Porsche, Bentley and Lamborghini in Pipera, Bucharest. Porsche Romania with Volkswagen, Audi, Porsche, Skoda and Seat has the strongest imported brands in Romania

AUSTRIAN INVESTMENTS IN ROMANIA Österreichische Post AG Post Master Romania After entering the market in 2011 with an acquisition of a 26% share, Austrian

16 AUSTRIAN INVESTMENTS IN ROMANIA Österreichische Post AG Post Master Romania After entering the market in 2011 with an acquisition of a 26% share, Austrian Post Group has acquired the remaining 74% of Post Master at the end of 2012 and has become the largest private alternative postal service company in Romania. 16

17 AUSTRIAN INVESTMENTS IN ROMANIA Verbund In 2012 Verbund has finalized the first phase of 99 MW in a wind park in Casmicea in Dogrugea region. The second phase has been finalized in 2013 reaching 226 MW in total. In 2012 Verbund has also built a 400-kV / 750 MVA transformer station. 17

AUSTRIAN INVESTMENTS IN ROMANIA voestalpine In 2012 voestalpine has opened a Steel Service Center in Giurgiu with a total investment of 20 mil. Euro.

18 AUSTRIAN INVESTMENTS IN ROMANIA voestalpine In 2012 voestalpine has opened a Steel Service Center in Giurgiu with a total investment of 20 mil. Euro. By 2013 on a total space of sqm more than 60 employees produce annual tons of finished products. Inauguration took place in October 2012 voestalpine Steel Service center in Giurgiu 18

19 Issues for Austrian Investors in Romania Political stability predictability of policies Better quality and more transparency for public tenders Large prevalence of black labour efficient tax administration EU structural funds better absorption Skilled labor force dual education Research and development results in higher value added for the local economy 19 19

20 Thank you very much for your interest! Va mulțumesc pentru interesul dvs.! Rudolf Lukavsky Consilierul Comercial Austrian Embassy Commercial Section T bucharest@advantageaustria.org 20

Austria Romania Bilateral Economic Relations. Rudolf Lukavsky, Commercial Counsellor July 1, 2014

Austria Romania Bilateral Economic Relations Rudolf Lukavsky, Commercial Counsellor July 1, 2014 Austrian exports to / imports from Romania Exports 1,8 bn. (-8.3 %), Imports 1,1 bn. (-0.6 %) in 2013 3.000