Romania Tops the List of Austrian Investment Destinations

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In 2007, Romania will attract 20% of the new FDI made by Austrian companies in its region according to a report conducted by Oesterreichische Kontrollbank, cited by Mediafax.

Austrian enterprises will invest in 169 new projects in Eastern and Central Europe, and Romania will benefit from one fifth of the overall investment. The main sectors targeted by the Austrian investors are the manufacturing industry, the constructions sector, the banking industry and the corporate services.

The OeKB survey seeks to assess the attractiveness of the business environment in 19 Central and Eastern European countries: Albania, Bosnia-Herzegovina, Bulgaria, the Czech Republic, Estonia, Croatia, Latvia, Lithuania, Macedonia, the Republic of Moldova, Poland, Romania, Russia, Serbia and Montenegro, Slovakia, Slovenia, Ukraine and Hungary.

The number of Austrian tourists to Romania in 2006 exceeded 150 000, more by 17.3% compared to the previous year, and generated €40 million in revenues to tour operators, according to the Adevarul daily. The growth trend will continue throughout 2007. The number of Austrians visiting Romania overrides the number of Romanians travelling to Austria. Romania´s EU membership has boosted incoming traffic and led to a growth by 17.1% of the number of Austrian visitors to Romania in January this year.

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