Euro Austrian

Projected value of the US dollar?

Within the next 3 months does the US dollar expect to gain strength or keep losing it?

Well the dollars slide against the Euro has stopped and occilated back and forth in the past two months or so. If inflation keeps rising in Europe, or they start easing interest rates as well due to the housing slow down and credit crunch, then there will be downward pressure on the Euro too. Also the relatively lower oil prices now of around 87 to 90 dollars a barrel apposed to 100 means a lower net outflow of dollars which should bolster the dollar value a bit.

So its a tough call in the next three months. Either way though, currencies dont move that much in that time frame. The dollar for instance last about 10-12% percent aginst the euro in the past year and that includes a large slide, which likely wont continue for the time being, so either way it will have a minimal effect for you.

But keep in mind that predicting currency dirrection is very difficult and speculative.

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The landlocked country of Austria has an important position in central Europe, which is a major hub between East and West. The freight industry has evolved and developed in response to this increasingly important role, with new freight services simplified to facilitate trade between Austria and its trading partners in Eastern Europe.

Until late 1980, the government and its state-owned industries played an important role in the Austrian economy, but since early 1990. Most of these SOEs have been privatized, in whole or in part. Austria has a highly developed economy and is one of the countries richer European Union, fourth after Luxembourg, Ireland and the Netherlands.

In fact, Vienna is the fifth richest region Europe, just behind Inner London, Luxembourg, Brussels and Hamburg. The sophistication and efficiency of shipping companies and freight companies operating in Austria reflects the high standards expected of such a rich and well developed countries.

Austria's economy is closely integrated with neighboring countries of Germany and increasingly with countries in the East. The freight industry has established connections and networks to ensure that freight is effective in these regions.

The economy in Austria has been growing well, with growth of around 1% per annum during 2001-2003, but then accelerated to nearly 3% in 2004 and 2005.This was fueled by booming exports and higher growth mainly in central and eastern Europe.

Having joined the Union European in 1995, and adopted the euro in 2002, the effects of European integration in the economy of Austria have been very positive. Trade with other EU countries accounts for almost three quarters of imports and exports of Austria, which dominates the international carriage of goods in the country.

Expansion trade and goods transfer to new EU members from Central and Eastern Europe that joined the EU in May 2004 and January 2007 are an important economic activity in Austria and has 14% of total trade activity. In addition, Austrian companies have invested heavily in these countries and there is a tendency to shift production to low labor technology to those countries of Central and Eastern Europe. In fact, about half of the investment Austria's foreign direct is in the countries of Central and Eastern Europe. The focus of development in the field of freight services has reflected this trend.

Although the boom years have passed, Austria still has the potential to attract international companies seeking easy access to developing markets in Central and Eastern European and Balkan countries. Approximately 350 U.S. companies have invested in Austria, most with that in mind, and there is scope for further expansion substantial role of Austria as a bridge between east and west.

Apart from the European Union, there is significant trade with the United States and thus also There are many transport companies serving this sector of the international freight market. The total value of trade with the United States is 13 million dollars. Total imports from the United States more than $ 5 million and exports to the United States were nearly $ 8 million in 2007.

Although there is some big producers of iron and steel, chemical plants and oil companies, most companies in Austria are relatively small.

The service sector is very important in Austria and generates most of its GDP. This includes, for example, finance, consulting and law firms in Vienna, which also operate in Central and Eastern Europe. Well-known Austrian companies are AKG, Wienerberger, Red Bull, Swarovski and Doppelmayer. The transport industry goods has evolved to meet the needs of this diverse market, connecting producers with markets in the east and west.

Austria has a unique position as an east-west axis. It also has a unique position as a moderator between industrialized and developing nations and has been active in the Building bridges to the east, increasing contacts at all levels in Eastern Europe and the States of the former Soviet Union.

Thus Austria's role as the center between East and West is more than just the geographical position of its and its tradition of neutrality has enabled the country develop an intermediary and facilitator between the Western developed countries and emerging economies of the East. The combination of these factors create the conditions perfect for the growth of industry freight services in Austria and the importance of its central position was consolidated in the future.

About the Author:

Stephen Willis is Managing Director of
RW Freight Services
a UK based freight transport company, established in 1971 and operating worldwide freight forwarding services including specialist freight services to and from
Austria

Article Source: ArticlesBase.com – Freight Forwarding in Austria – Bridging East and West