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The Black Sea Region – Economic Trends and Role for Austria's External Sector

Author

Listed:
  • Stefan Ederer

    (WIFO)

  • Susanne Sieber

    (WIFO)

Abstract

Due to their geographical proximity, their natural resources as well as their market potential and labour pool, the countries of the Black Sea region located at the strategic crossroads of Europe, Central Asia and the Middle East are gaining increasing importance. As the economies are expanding dynamically they will constitute a substantial demand potential in the future. Because of its size Turkey in particular is an important market. Austria has good foreign trade relations with the Black Sea region. However, these can still be expanded considerably. Austrian companies' competiveness is high in the Ukraine. Austria's export structure largely coincides with the Ukraine's and Turkey's import demand.

Suggested Citation

  • Stefan Ederer & Susanne Sieber, 2011. "The Black Sea Region – Economic Trends and Role for Austria's External Sector," Austrian Economic Quarterly, WIFO, vol. 16(2), pages 78-90, May.
  • Handle: RePEc:wfo:wquart:y:2011:i:2:p:78-90
    as

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    References listed on IDEAS

    as
    1. Alois Guger & Thomas Leoni, 2007. "International Unit Labour Cost Position Improved in 2006," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 189-198, December.
    2. Alois Guger, 2003. "International Unit Labour Cost Position Slightly Improved in 2002," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(9), pages 683-691, September.
    3. Serguei Kaniovski & Hans Pitlik & Sandra Steindl & Thomas Url, 2008. "A Decomposition of Austria's General Government Budget into Structural and Cyclical Components," WIFO Working Papers 316, WIFO.
    4. Werner Hölzl & Thomas Leoni & Christine Zulehner, 2009. "International Unit Labour Cost Position in 2008 Improved," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(9), pages 703-714, September.
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