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Nicolae Ghibu, Certsign
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Austrians climb the recession mountain

Austrian investors have not been immune to the crisis. But companies from the Central European country, which is responsible for the second largest FDI contribution to Romania, are bracing themselves for the rough ride and pursuing their investment strategies, albeit different ones than during the boom years gone by. By Dana Verdes, Magda Purice and Roxana Cristea

November 2011 - From the Print Edition

Austrian investors the second most important foreign investors on the local market by the value of FDI are coping with the Romanian market realities within the larger global economic context and struggling to find solutions for growth in 2011 and next year. The results may come for some, from the Romanian market, in retail or law, while others are developing locally IT solutions. According to Austrian embassy information, bilateral trade is driven by Austrian exports to Romania, which peaked...

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