Business in Austria, Vienna. Austrian Economy

1. Introduction to the Republic of Austria (EU)
2. Austrian Economy
3. Doing Business in Vienna
4. Austrian Foreign Trade
5. Transport and Logistics
6. Investment in Austria
7. Largest Austrian companies
8. Access to the Austrian Market
9. Business Plan for Austria

The educational aims of the Subject “Foreign Trade, Logistics and Business in Austria” are:

1. To analyze the Austrian Economy, Logistics and Global Trade
2. To conduct research on business opportunities in the Austrian Market
3. To analyze the Austrian trade relations with the student's country
4. To learn about Austrian Trade Agreements as a member of the European Union
5. To develop a business plan for the Austrian Market

The Subject “Foreign Trade, Logistics and Business in Austria” is included within the curriculum of the following academic programs at EENI Global Business School:

Doctorate: World Trade.

Masters: International Business, Foreign Trade.

Masters adapted to Austrian Students.

Languages: + Austria Autriche Austria.

1. Subject Credits “Doing Business in Austria”: 1

1. Baltic-Adriatic Corridor (Poland, Slovenia)
2. Access to the Pan-European Corridor II

Preferential Access and Trade Agreements of Austria

1. Austria and the European Economic Area
2. The EU
   1. As a member of EU, Austria is a beneficiary of EU Trade Agreements with South Africa, South Korea, Bharat (India), Mexico, MERCOSUR, Egypt etc
   2. Economic and Monetary Union
   3. European Customs Union
   4. European Single Market
   5. The European Union Services Directive
   6. European Digital Single Market
3. Central European Initiative
4. Regional Cooperation Council
5. Organization of the Black Sea Economic Cooperation (observer country)

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. World Customs Organization (WCO)
   1. Kyoto Convention
3. Convention on the Harmonization of Frontier Controls of Goods
4. CMR Convention (UN)
5. Hamburg Rules
6. Customs Convention on Containers
7. COTIF Convention
8. BIC (Containers)
9. Chicago Convention (ICAO)
10. International Maritime Organization (IMO)
    1. Convention for Safe Containers
    2. Istanbul Convention
11. International Road Transport Union (IRU)
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
12. CIM, CIT Rail Rules
13. International Chamber of Commerce

European Trade and Economic Organizations of Austria

1. European Union
   1. European Central Bank
   2. European Investment Bank
   3. European Bank for Reconstruction and Development (EBRD)
   4. European Union-CELAC Summit
2. Economic Commission for Europe (UNECE)

1. Organization for Economic Cooperation and Development (OECD)
2. Inter-American Development Bank
3. Asian Development Bank
4. African Development Bank
5. United Nations
6. World Bank
7. World Trade Organization (WTO)
8. International Monetary Fund
9. OSCE. The headquarters of the OSCE are in Vienna
10. Asia-Europe Meeting

1. Austrian Capital: Vienna
2. Languages of Austria: German (official), Hungarian and Slovenian
3. Area of Austria: 83,871 km²
4. Austrian Population: 8.5 million people
5. Type of Government: Parliamentary Federal Republic
6. Borders of Austria: Czech Republic, Germany, Slovakia, Hungary, Slovenia, Italy, Switzerland and Liechtenstein
7. Austria is a landlocked country

Religion in Austria: Catholicism -73% of the Austrian population- (Christianity).

Austria belongs to the European Economic Area.

Economy of Austria.

1. Austrian GDP (nominal): 398 million dollars
2. Major economic downturn in 2011
3. Austrian Currency: Euro
4. Austria joined the EU in 1995
5. Main economic sectors: tourism, vehicles, foods, machinery, chemical products, paper

Austrian Foreign Trade.

1. Main Austrian Exports are machines, vehicles, paper, foods, chemical products, steel, textiles
2. Germany is the largest trading partner of Austria
3. Top Austrian export markets are Germany (31%), Italy, Switzerland, the United States
4. Main Austrian import sources are Germany (45), Switzerland, Italy, the Netherlands