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CROATIAN-AUSTRIAN TRADE AMOUNTS TO OVER US 850 MILLION

VIENNA, Feb 28 (Hina) - The trade between Croatia and Austria totalled 859,713,000 American dollars in 1998, and Austria thereby remained on the firth place of Croatian partners in the commodity exchange. Croatia's exports into Austria rose by 11 percent to US$247,338,000, while the exports from Austria into Croatia dropped by 13.6 percent to US$ 612,375,000 last year. From 1993 until October 1998 Austria invested directly 442.2 million dollars into Croatia, making up 22.72 percent of all direct foreign investments in this country. Thus, Austria is the second biggest investor in Croatia, offering its money mostly to the banking system, industry and foreign trade. In 1998, 451,959 Austrians visited Croatia and had 2,855,070 room-nights. The number of Austrian holiday-makers rose by 2.16 percent and the number of room-nights increased by 1.25 percent in 1998 versus the data in 1997. Austrians firms have sh
VIENNA, Feb 28 (Hina) - The trade between Croatia and Austria totalled 859,713,000 American dollars in 1998, and Austria thereby remained on the firth place of Croatian partners in the commodity exchange. Croatia's exports into Austria rose by 11 percent to US$247,338,000, while the exports from Austria into Croatia dropped by 13.6 percent to US$ 612,375,000 last year. From 1993 until October 1998 Austria invested directly 442.2 million dollars into Croatia, making up 22.72 percent of all direct foreign investments in this country. Thus, Austria is the second biggest investor in Croatia, offering its money mostly to the banking system, industry and foreign trade. In 1998, 451,959 Austrians visited Croatia and had 2,855,070 room- nights. The number of Austrian holiday-makers rose by 2.16 percent and the number of room-nights increased by 1.25 percent in 1998 versus the data in 1997. Austrians firms have showed interest in investing in privatisation of Croatian public companies such as the Croatian Post and Telecommunications (HPT), Power Industry (HEP), Croatian Roads, Oil Industry (INA) and others. The economy minister plenipotentiary at the Croatian embassy in Vienna, Zlatko Begic, added that substantial Austrian outlays can be expected in Croatian hotel business and tourism. (hina) ms

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