Balkan

[ThomasWach]

Austria, once an imperial power in southeastern Europe, is reasserting its economic influence in its former territories and intends to encourage political change in the region when it takes over the European Union presidency Sunday.

This growing influence in the Balkans comes as Austria, a pioneer in investing in Eastern and Central Europe after the collapse of the former Soviet Union in 1991, shifts its trade and political attention to a region ravaged by war during the breakup of the former Yugoslavia in the 1990s.
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Austria's Economy Ministry says the increase in investment has been enormous. Total investment by Austria in southeastern Europe - Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Macedonia, Romania, and Serbia and Montenegro - reached E5.9 billion, or $6.9 billion, in 2004, an increase of 57 percent over the previous year. In the same period, Austrian investment in Eastern Europe rose 17 percent.
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Quelle:
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