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Austria's footprints on the local market

Diplomatic ties between Romania and the Republic of Austria are pretty tight, given the fact that Austria is Romania's second biggest foreign investor, with EUR 1.25 billion injected on the local market last year, bringing its overall invested capital to almost EUR 11 billion

By Alexandra Lopotaru - 2013-11-24 16:50:38 - From the Print Edition

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However, the bond between the countries seems to have deepened in the past few years, since the launch of the Danube Strategy, designed to develop the riparian region. The Diplomat-Bucharest talks to H.E. Michael Schwarzinger, the Austrian Ambassador to Bucharest, and more than 20 Austrian companies to better understand the links between the two countries.

The Danube Strategy, the major European political project launched by Romania and Austria in order to improve the Danube area, was...

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