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

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

2 Austrian exports to / imports from Romania Exports 1,8 bn. (-8.3 %), Imports 1,1 bn. (-0.6 %) in Austrian exports in mln Euro Austrian imports in mln Euro Source: Statistik Austria 2 2

3 Austria is top investor in CEE Slovenia Croatia Bosnia Serbia Romania Bulgaria Slovakia Czech Rep Hungary 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 6,761* companies with Austrian equity around 100,000 direct employees * Source: Oficiul Naţional al Registrului Comerţului as per May 31,

6 Important sectors for Austrian Investment in Romania Resources Agriculture Industry Services 6 6

7 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. 7

8 New Austrian Projects fresh investments

9 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 MW power station. This power station alone covers 8% of average energy consumption of Romania. 9

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. 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

11 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

12 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 floors with underground parking lots. built by STRABAG in

13 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

14 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

15 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. 15

16 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 a capacity of 226 MW in total. In 2012 Verbund has also built a 400-kV / 750 MVA transformer station. 16

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. 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 17

18 NEW AUSTRIAN INVESTMENTS IN ROMANIA Wood working industry Oil and gas sector Renewable Energy (wind, biomass, PV, hydropower) Automotive industry Steel processing industry Construction of highways, office buildings, hotels Food industry Expansion of the retail trade sector and much more 18

19 WHY TO INVEST IN ENERGY EFFICIENCY Rising energy prices Environmental concerns Limited resources Stricter laws and regulations Competetive advantage 19

20 Highlights Austrian Business Events Romania 2014 March April May 1 September 9 Sept Oct Nov Infrastructure Works Transylvania Fact Finding Mission (MSR), Brasov, Sibiu, Cluj Agraria Agricultural Technology National Pavilion (GA), Cluj May Festival Bucharest Austrian Business Circle (ABC) Networking Event Autumn Business Reception Bucharest Austrian Business Circle (ABC) Networking Event Noise Protection for Roads and Railway Austria Showcase (ASC), Bucharest Indagra Agricultural Technology Austria Showcase (ASC), Bucharest Medical Technology & Life Science Austria Showcase (ASC), Bucharest, Cluj 20 20

21 Thank you very much for your interest! Va mulțumesc pentru interesul dvs.! Arnulf Gressel Commercial Attaché Austrian Embassy Commercial Section T bucharest@advantageaustria.org 21