Russia and Austria - the economic trust born of time

14 June 2018

Against the backdrop of the state visit of the President of the Russian Federation to the Republic of Austria, the results of the June meeting of the Russian-Austrian Business Council, held in Vienna at the Federal Economic Chamber of Austria look like as a landmark factor of mutual economic confidence.

In many ways, the focus of this meeting was set by the anniversary of the beginning of deliveries of Soviet, and now Russian gas to Western Europe.

50 years ago, the Soviet "Soyuznefteexport" and the Austrian company OMV signed a contract for the supply of gas. Austria became the first country in Western Europe to conclude a contract with the Soviet Union for the supply of gas. According to statistics, since 1968, Austria has been delivered more than 218 billion cubic meters of Russian gas.

The plenary meeting was preceded by B2B meetings between Russian and Austrian companies. In particular, the Russian Group of Companies ENERGAS was represented for the first time in all events.

A substantive analysis of Russian-Austrian economic relations took place. It is gratifying that this was done through examples of successful business interaction. In a specific plane, they talked about projects for industrial 3D printing, blockchain technologies, the Internet of things, robotization, artificial intelligence.

The weighty and milestone significance of the meeting of the Russian-Austrian Business Council was given by the Federal Chancellor of Austria Sebastian Kurtz and the President of Russia Vladimir Putin speeches.

The future begins in the present, and it directly depends on the activity of the business community and the overall ability to preserve and multiply the economic trust born of decades of mutually beneficial cooperation. This keynote in the appeals of the leaders of the two countries reflects the deep essence of the new stage of our business relations.

The group of companies ENERGAS for ten years makes its feasible contribution to the development of the Russian gas industry, actively participating in the application of the best Western technologies in the Russian production of gas treatment systems.

REFERENCE. The Federal Economic Chamber of Austria (FEC) unites nine chambers from each Austrian federal state. It also includes 110 trade associations representing various industries of the country. FEC is an analogue of the Chamber of Commerce and Industry of the Russian Federation.

One of the most active business councils on the evaluation of Austrian and Russian entrepreneurs is the Russian-Austrian Business Council, established in 2007. His first meeting was then held "on the sidelines" of the visit to Austria by Russian President V.V. Putin. Since then, the council has become an authoritative business platform for the development of mutually beneficial cooperation between two countries.

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