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ADVANTAGE AUSTRIA Austria’s Internationalisation Agency ETCF II Study Visit of Turkish Chambers of Commerce Vienna, May 31st, 2012 Karl Hartleb/Richard Bandera, ADVANTAGE AUSTRIA Austrian Federal Economic Chamber Contents • FDI & Foreign Trade – Importance to the Austrian economy • ADVANTAGE AUSTRIA — Who are we? • ADVANTAGE AUSTRIA— What do we do? • advantageaustria.org – the online platform Foreign Direct Investment 2010 Austrian DI FDI in Austria Value in Million EUR 128.776 106.870 106.439 113.307 119.836 124.266 FDI-Stock 2009 FDI-Stock 2010 20.106 4.682 FDI-Flows 2008 5.313 5.047 FDI-Flows 2009 8.195 4.993 FDI-Flows 2010 FDI-Stock 2008 Source: OeNB Heart of Europe & Gateway to the East • Area: 4.3 mio. km2 • Population: 500 mio. • Members: 27 • Languages: 23 Source: ABA Austria: East-West Business Interface EU foothold for CEE companies CEE headquarters for Western companies • Exploit the advantages at the interface • No longer a one-way street: Eastern European firms are looking for an EU base • Bottom-line business location advantages 300 international companies … … including 28 Fortune 500 firms – make Austria the pre-eminent CEE headquarters • • • • • • Proximity to the target market Infrastructure Productivity and motivation Stability Tax advantages Quality of life Austrian FDI in Eastern Europe Investor Ranking Total Inward Investment (in EUR billion) Austrian Share % Latest available data Slovenia 1 10.5 49.1 2009 Croatia 1 25.7 28.4 2010 Bosnia-Herzegovina 1 5.3 27.6 2009 Serbia 1 11.8 20.1 2010 Romania 2 50.0 18.1 2009 Slovak Republic 2 36.5 16.2 2009 Bulgaria 2 35.9 15.2 2010 Hungary 3 68.6 13.6 2009 Czech Republic 3 87.3 12.1 2009 Albania 4 2.0 8.7 2008 Macedonia 5 3.1 11.5 2009 Montenegro 5 4.1 8.7 2010 Ukraine 5 33.7 5.9 2010 Poland 8 129.1 3.7 2009 Source: OeNB Importance of Austrian exports EUR 122.16 bn. export of goods 2011 EUR 130.76 bn. import of goods 2011 40,000 exporters: 10% of all Austrian companies 55.8% export sales ratio (exports of goods+services/GDP) Exports account for EUR 3.5bn of additional public sector income GDP growth rate of 2.0% is export-related USD 21.994 export per capita: world’s 8th largest exporter Sources: 1) Statistics Austria, 2) AWO, 3) UNO, 4) WTO Austrian Exports 2000-2011 140.0 130.8 122.2 Exporte in Mrd. EURO Importe in Mrd. EURO 120.0 113.7 109.4 Exportquote Waren in % Exportquote Waren+Dienstleistungen in % 100.0 93.7 97.6 80.0 60.0 58.1 53.3 57.8 55.8 49.2 42.4 40.0 41.5 34.1 38.2 40.5 20.0 0.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011*) Source: Statistics Austria, WIFO Austrian exports by region 2011 EU-26 69,7% Asia 9,1% N-America 5,9% EFTA 5,7% GUS-Europe 3,1% Balkan 1,9% M-S-O-America 1,7% Africa 1,2% Rest of Europe 1,0% Austral., Oz. 0,6% EU-12 new 23,1% EU-14 76,8% Source: Statistics Austria Top export markets 2011 Value in bn EUR 2010 2011 38,1 34,5 8,6 9,3 5,0 6,4 5,2 6,0 4,6 5,0 4,1 4,8 3,3 3,8 2,7 3,3 3,7 3,4 2,5 3,0 Source: Statistics Austria Top-Export products 2011 2/3 of total exports Source: Statistic Austria Who offers export support? Austrian Federal Government • Business Framework • Trade Policy • Export Credit Guarantees and Export Financing Austrian Federal Economic Chamber • Austrian Federal Economic Chamber and its international arm: ADVANTAGE AUSTRIA • AWO PLUS – ADVANTAGE AUSTRIA Platform together with regional chambers of commerce • International network of service centres and marketing offices Who offers export support? Private • Prisma Kreditversicherungs AG, Coface Austria etc. • Consultants • Principal banks, forwarding agents etc. The Austrian Federal Economic Chamber • Entrusted with governmental responsibilities: statutory obligation to promote foreign trade • Financed through membership contributions not tax revenue • Creation of a customer-oriented service organisation … and its international arm, ADVANTAGE AUSTRIA • Lobbying • Business development • Knowledge transfer at home and abroad Number of exporters 34.000 36.000 38.000 40.000 30.000 26.000 22.500 18.000 19.000 15.000 12.500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Worldwide Business Support 400,000 companies 40,000 export businesses Information Learn more. Faster. Around 1,100 publications Coaching Advice. Support. Guidance. Events Making the right connections. 1,200 events a year ADVANTAGE AUSTRIA — Information about foreign markets wko.at/awo: 9,6 million hits AWO-NEWS: about 150,000 subscribers EXPORTER’S WEEKLY: 53,000 subscribers EXPORTER’S: 2 times a year editions about 20,000 copies each about 1,100 publications: • Economic Profile • Country Profile/Report • Special Profile/Report • Industry Profile/Report ADVANTAGE AUSTRIA— Information for foreign markets advantageaustria.org: 20 million hits (2010) company presentations: 13,000 business opportunities in 28 languages International newsletters: circulation of about 66,882 (30 Trade Commissions) Fresh View/Austria Export: 6 editions (243 in total, 2010) various print publications: e.g. Austria your Business Partner www.advantageaustria.org Austria’s Internet Platform — Overview • 196 country sites • 28 languages (special focus on East European languages) • 10 Content Partners • Market place with profiles of 18,000 Austrian businesses • Business opportunities with more detailed company information • Listings of all events abroad with details of participating companies • Overview of 30 industry sectors ADVANTAGE AUSTRIA Coaching Advice. Support. Guidance ADVICE AT HOME Initial consultation ADVANTAGE AUSTRIA Meetings Market analysis SUPPORT ABROAD 22,000 customers • • • • • Market entry strategy In-market support Investment advice International procurement Debt recovery Market entry • Market potential and pricing structures • General legal information • Import procedure / distribution structure • Competition assessment / market share • Provision of business and credit information • Identifying potential distributors • First point of contact, organising market visits • Follow-up action In-market support • Organising business trips • Scheduling appointments, accompanied meetings service • Credit checks on foreign companies • Support with preparation and submission of bids or tenders • Intercultural consulting • Evaluating the target market, market reports • Distributor relationship management Investment advice • Legal and tax framework • Finding and recruiting staff • Locating your business • Finding sector specialists International Procurement • Sourcing advice • Export requirements • Supplier contacts • Finding quality control consultants • Payment terms ADVANTAGE AUSTRIA events abroad 2011 Group Exhibitions: 74 Trade Missions: 24 Fact-Finding Missions: 72 Austria Showcase: 80 Catalogue Exhibitions: Austrian Business Circle: 81 264 Others: 231 Events abroad: 826 Foreign Trade from 1980 to 2011 Austrian Exports to Turkey Austrian Imports from Turkey 1100 1000 900 800 700 600 500 400 300 200 100 0 1980 1990 2001 2002 2003 2004 2005 2006 2007 2008 2009 Bilateral trade volume Austria – Turkey 2011: 2,29 bio. EUR 14 times the volume of 1980 5 times the volume of 1990 twice the volume of 2000 Austr. Exports 2011: + 17,6% = EUR 1,25 bio. Austr. Imports 2011: +17,9% = EUR 1,04 bio. 2010 2011 Structure of Austrian Exports to Turkey in 2011 Source: Austrian Central Statistical Office (Statistik Austria) Structure of Austrian Imports from Turkey in 2011 Source: Austrian Central Statistical Office (Statistik Austria) Austrian Investments in Turkey Austria has been the biggest foreign investor in Turkey over the past 3 years: • 2009: USD 1,02 bio. • 2010: USD 1,80 bio. • 2011: USD 2,24 bio. The biggest single Austrian investments in recent times are in: • Energy sector • OMV (gas stations, power plants, Nabucco-Project) • Verbund (Joint Venture „Enerjisa“ for production and distribution of electricity) • Andritz Hydro (installation of hydro power plants) • Paper and packaging (Mayr-Melnhof, Mondi) • Retailing (Baumax Do-it-yourself Centres) • Wood manufacturing (Egger Holzwerkstoffe) • Industrial adhesives (Ardex Industrieklebstoffe) • Solar panels (Kioto Photovoltaiks) • Transport sector • Voestalpine (Production of train switches) • GATX Rail Europe (tank wagons) Upcoming events / activities Main current activities in: Transport infrastructure, tourism industry, environmental protection, forestry and agricultural technologies. Upcoming Events: • Catalogue Exhibition at the “ANKOMAK 2012 Istanbul”, 6.-10.6.2012 (Intl. Fair for Construction machinery and Construction Technologies) • Catalogue Exhibition at the “Bodrum Yacht Show 2012”, Bodrum, 29.8.-2.9.2012 • Catalogue Exhibition and Austria Showcase at the “ISAF 2012”, Istanbul, 19.-21.9.2012 (International Fair for Security, Health and Safety) • Seminar on “Torism Infrastructure in Turkey”, Vienna, 27.9.2012 • Catalogue Exhibition at the “RENEX 2012”, Ankara, 8.-11.11.2012 (Energy Efficieny Exhibition) • Trade Mission “Tourism” to Istanbul, 15.11.2012 • Austrian Pavillion at the “Logitrans Istanbul 2012”, 15.-17.11.2012 (Transport Logistics Exhibition) • Austrian Pavillion at the “ZOW Istanbul 2012”, 17.-20.1.2013 (Supply Fair for Furniture Industry and Interior Design) • Austrian Pavillion at the “Istanbul Boat Show 2013”, 9.-17.2.2013 • Austrian Pavillion at the “IDEF 2013 Istanbul”, 7.-10.5.2013 (Intl. Defence Technology Exhibition) Thank you for your attention and every success for the future! Any questions? Karl Hartleb/Richard Bandera AVANTAGE AUSTRIA / Austrian Federal Economic Chamber [email protected]