Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market

This paper explores the potential impact of Romania’s accession to the European Union on Austria in three major fields: foreign trade, FDI and labour market. While conditions of doing business in Romania have improved in recent years, they are still more complicated than in old and new EU member sta...

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Main Authors: Gábor Hunya, Anna Iara
Format: Article
Language:English
Published: European Institute of Romania 2006-05-01
Series:Romanian Journal of European Affairs
Subjects:
Online Access:https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol6_No1_Impact_of_Romania_s_Accession_1.pdf
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author Gábor Hunya
Anna Iara
author_facet Gábor Hunya
Anna Iara
author_sort Gábor Hunya
collection DOAJ
description This paper explores the potential impact of Romania’s accession to the European Union on Austria in three major fields: foreign trade, FDI and labour market. While conditions of doing business in Romania have improved in recent years, they are still more complicated than in old and new EU member states. Romania remains a rapidly growing market for investment goods, consumer goods and services alike providing good opportunities for Austrian companies. While the effect of Eastern European labour immigration to Austria can be expected to be marginal on total employment and wages, it may affect specific segments of the labour market. Overall, labour immigration from Romania will remain relatively unproblematic.
format Article
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institution DOAJ
issn 1582-8271
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publishDate 2006-05-01
publisher European Institute of Romania
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series Romanian Journal of European Affairs
spelling doaj-art-afee453d786644119adc5e0ddf001bc42025-08-20T03:17:40ZengEuropean Institute of RomaniaRomanian Journal of European Affairs1582-82711841-42732006-05-0161536Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour MarketGábor Hunya0Anna Iara1Senior research economist at the Vienna Institute for International Economic Studies (WIIW)Staff economist at the Vienna Institute of International Economic Studies (WIIW)This paper explores the potential impact of Romania’s accession to the European Union on Austria in three major fields: foreign trade, FDI and labour market. While conditions of doing business in Romania have improved in recent years, they are still more complicated than in old and new EU member states. Romania remains a rapidly growing market for investment goods, consumer goods and services alike providing good opportunities for Austrian companies. While the effect of Eastern European labour immigration to Austria can be expected to be marginal on total employment and wages, it may affect specific segments of the labour market. Overall, labour immigration from Romania will remain relatively unproblematic.https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol6_No1_Impact_of_Romania_s_Accession_1.pdfaustriafdilabour marketlabour migrationromania’s accession
spellingShingle Gábor Hunya
Anna Iara
Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
Romanian Journal of European Affairs
austria
fdi
labour market
labour migration
romania’s accession
title Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
title_full Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
title_fullStr Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
title_full_unstemmed Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
title_short Impact of Romania’s Accession to the European Union on the Austrian Trade, FDI and Labour Market
title_sort impact of romania s accession to the european union on the austrian trade fdi and labour market
topic austria
fdi
labour market
labour migration
romania’s accession
url https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol6_No1_Impact_of_Romania_s_Accession_1.pdf
work_keys_str_mv AT gaborhunya impactofromaniasaccessiontotheeuropeanunionontheaustriantradefdiandlabourmarket
AT annaiara impactofromaniasaccessiontotheeuropeanunionontheaustriantradefdiandlabourmarket