ostnews

Issue No. 94 - September 2012Current Information about Central and Eastern Europe

Croatia’s economy on the brink of depression page 2

Construction of Danubebridge nears completionpage 3

Tougher security for EU land transport routespage 3

GW East+: New markets require specialistspage 6

Growth slows in CEE-countriespage 4

Slovakia bids farewell to its flat-rate taxpage 5

Gebrüder Weiss: Growth market Romaniapage 7

Croatia’s economy on the brink of depressionRising unemployment figures and falling household incomes have resulted in a slump in domestic consumption, according to the Croatian Office for Statistics.

Croatia page 2

have an impact on export volumes”. US econo-mist Paul Krugman, however, sees Croatia’s eco-nomic recovery as wholly dependent on its export-oriented industry. Indeed, he is quoted by the Croatian newspaper Vecernji list as saying:

“Croatia is too small for its recovery to be driven by domestic consumption alone, though it must be apparent that its economy cannot recover unless the situation in the eurozone is stabilised.” Economist Vladimir Gligorov at the Vienna Insti-tute of Economic Studies (WIIW) also believes that exports are the key to saving Croatia’s eco-nomy, stating that the HNB must therefore be prepared to change its monetary policy. In a recent interview with Novi list, Gligorov said:

“The question is whether an agreement can be reached with the central bank regarding a deva-luation of the Croatian currency. If so, the kuna could be steadily weakened, thus helping to attract investment into the export sector.”

Zeljko Lovrincevic, an expert at the Zagreb Institute of Economics, summarises the situati-on: “Croatia is no longer in recession – it is on the brink of depression.”

Lovrincevic thinks that the Croatian govern-ment chose the wrong strategy in fighting the economic crisis when it raised VAT and water, gas and electricity prices. Indeed, the expert is pre-dicting that disposable incomes will fall by four to five percent and believes that raising VAT was of no tangible benefit to the budget. The Croatian government has also admitted that the country’s economy is in crisis, and is not expecting any growth this year. When the government was elec-ted at the end of 2011, gross domestic product (GDP) was expected to grow by 0.8 percent – but officials are now preparing to face possible sta-gnation. “Government investment in the public sector during the first half of the year has still not had any significant impact on the economy,” said Finance Minister Slavko Linic recently. “However, the battle for zero growth is one we can win with increased investment.” Croatian economist and former Minister for the Economy Ljubo Jurcic also expects to see further economic decline. Speaking to the Croatian newspaper Vecernji list, Jurcic explained that, at the onset of the crisis, Croatian banks initially converted loans, but these arrangements are now coming to the end of their term and the situation has not improved.

Trade deficit following CEFTA exitCroatia may also have to swallow heavy losses

in exports following its intended accession to the EU on 1st July 2013. At least, that is according to calculations by the Croatian National Bank (HNB). The institution is anticipating a decline in exports equivalent to between 0.1 and 0.2 percent of GDP

– a loss of up to 100 million euros. This assumpti-on is based on the experiences of those EU mem-ber states that left the duty-free CEFTA market on entering the European common market. Speaking to APA, Ruzica Gelo, Director of the EU Centre in the Croatian Chamber of Economy (HGK), stated that Croatia’s abandonment of the CEFTA free trade agreement will lead to increases in customs duties for certain exports to CEFTA member sta-tes, particularly for the agricultural and food sec-tors. This increase in tariffs may not automatically bring exports to a standstill “but will certainly

Proprietor of media, owner andpublisher: Gebrüder WeissGmbH, Wiener Straße 26,A-2326 Maria-Lanzendorf, ÖsterreichEditors: Bianca Baumgartner, Klaus Tumler, F 01.79799.7925,ostnews@gw-world.comTranslation: Sternkopf Communica-tions, Fabrikweg 4, 09557 Flöha, DeutschlandPrinted by: Hans Jentzsch & Co GmbH, Scheydgasse 31, 1210 WienCirculation: 5.000 copiesOstnews is published: four times a yearPictures (unless stated otherwise):Gebrüder Weiss Ges.m.b.H. ; Sub-ject to error and printing error.Cover picture: istockphotoDECLARATION ACCORDING TO § 25MEDIA : Proprietor of media andpublisher: Gebrüder Weiss GmbHWiener Straße 26, A-2326 Maria-Lanzendorf, P 01.79799.0Business object:international forwarding agentBasic line of text:Information of companies abouteconomic relations with Centraland Eastern Europe.

Imprint

Croatia: bad debt more than doubles

Croatian government hoping for zero growth at the very minimum.

Pho

to:

AP

A

Since the onset of the financial crisis in 2009, the number of Croatian bank loans that have been classed as non-performing has more than doubled from 5.14 to 13.31 percent. According to the Croatian National Bank (HNB), the total value of Croa-tian bank loans came to 292 billion kunas (39.1 billion euros) at the end of June 2012. Meanwhile, Croatian news agency Hina has repor-ted that the proportion of bad debt resulting from lending to companies currently amounts to almost 23%, whilst this figure has reached 9% for loans granted to private citi-zens. According to analysts at UniCredit, HR, SLO and HU are in the same boat. Most experts are not expec-ting to see any signs of reco-very in the near future (read more in the article on the right-hand side of this page).

„Croatia must be aware that its economy cannot recover unless the situation in the eurozone is stabilised.“

Paul KrugmanUS economist

Aktuelle Ostnews

Sie wollen übersichtlich, regelmäßig und gratis über Neuigkeiten aus Mittel- und Osteuropa informiert wer-den? Dann melden Sie sich ganz einfach unter www.gw-world.com/ ostnews für ein Gratis-Abo unserer Ostnews an. Sie erhalten damit viermal pro Jahr druck-frisch Informationen aus den Bereichen Transport, Verkehr, Logistik und Wirtschaft.

Oder interessieren Sie sich für unseren elektronischen Newsletter (in deutscher oder englischer Sprache)? Dann registrieren Sie sich ebenfalls auf dieser Seite.

Gratis-Abo

CEE page 3

Russia: Changes to visa appli-cation process now

Current ostnews

Would you like to recei-ve clear, regular and free information on the latest news from Central and Eastern Europe? Simply register for a free subscrip-tion to our East News at

www.gw-world.com/ ostnews

This gives you hot-off-thepress information rela-ting to transport, traffic, logistics and business four times per year.

Or are you interested in our electronic newsletter (in German or English)? Then you can likewise regi-ster at this internet address.

Construction of Danube bridge nears completionBy the end of 2012, a joint venture between Bulgaria and Romania to build a second bridge over the Danube river should be complete.

Free subscription

Construction workers are expected to finish building the bridge linking the Bulgarian city of Vidin with Calat in Romania before the end of the year.

Alberto Bergara, Director of FCC, the Spanish parent company of Salzburg construction firm Alpine, reports that, following significant delays caused by geological problems over the past few years, the last 160 metres of the bridge (as of July 2012) should be completed by the end of December. At a bilateral meeting on 5th July 2012, Romanian State Secretary of Transport and Infrastructure Valentin Preda and Bulgarian Deputy Minister for Regional Development and Public Works Nikolina Nikolova also expressed their hopes that the bridge can be opened by the end of the year. The Austrian Federal Economic Chamber has said that the project is vitally important for the border region, because it will raise the cross-border mobility of citizens, most

notably those living in the Bulgarian city of Vidin and the Romanian city of Calat. Meanwhile, the Austrian financial journal Wirtschaftsblatt belie-ves that the new bridge with its four lanes and two railway tracks is also an important develop-ment for European transport corridor IV which connects Germany with Greece and Turkey. Find out more here: www.danubebridge2.com

The expert group on land transport supply chain security is composed of specialists in transport and legal policy from various EU member states.

The German magazine Verkehrsrundschau has reported that the panel is to be assisted by an advi-sory board of representatives from the transport industry and consumer associations. Suggestions as to the issues that these groups might seek to address have been put forward by EU officials in a discussion paper, in which great emphasis has been placed on preventive measures such as the creation of emergency plans, broad-based securi-ty training for transport company staff and manda-tory simulation exercises – very much in line with the model used by the civil aviation and shipping industries. “In the paper, a number of approaches have been listed that will help to establish a basic level of security for land transport throughout

Europe and provide activities with added value,” explains Thomas Haller, President of the Deutsches Verkehrsforum (German Transport Forum – DVF). However, the work is not expected to lead to the drafting of new EU regulations for the entire trans-port industry. Indeed, each national transport sec-tor has its own idiosyncrasies that need to be taken into consideration.

Tougher security for EU land transport routes

Calls for a robust EU land transport security strategy.

The Austrian Chamber of Com-merce has reported that visa applications for Russia will now only be accepted in electronic format.

Important information regarding the application process can be found on this website: http://rusemb.at/visa.You can find the new application form at: https://visa.kdmid.ru.

Please note that hard copies of all of documents itemised when completing your electronic visa application must still be submit-ted to your national diplomatic mission or consular post for the Russian Federation, or to the Russian Visa Centre.

The European Commission has announced that an expert group has been tasked with enhancing the security of goods and passengers transported on the European road transport network.

New Danube bridge connecting Romania and Bulgaria.

Pho

to:

ww

w.d

anub

ebrid

ge2

.co

m

CEEpage 4

Macedonia: Companies facing liquidity crisis

In 2011, Macedonian compa-nies were found to be making payments only after an ave-rage 171 days, whilst their own outstanding invoices were paid within an average of 120 days, according to the Chamber of Commerce. According to statistics from the Macedonian National Bank, microenterprises receive payment even later – after an average 339 days – and only pay their debts after 609 days have elapsed.

Balkan state on course for EU membership.

Pho

to:

AP

A /

EP

A

Growth slows in CEE- countriesDespite deep-seated recession in the eurozone, Eastern Europe is sending out unmistakably positive signals, even if some national economies are faltering.

kic, his country is also stuck in recession, reporting GDP shrinkage of 0.6 percent in the second quarter. Dinkic now wants to raise corporation tax and VAT from 10 and 18 percent to 15 and 20 percent respectively. Likewise, the IMF is not expecting to see GDP increase in Bosnia-Herzegovina, where nearly 60 percent of all citizens under the age of 30 are currently unemployed.

SK, RU, BG and UA in the blackConversely, Slovakia and Romania are both experi-encing significant growth this year. The Slovakian Central Bank (NBS) is predicting growth of 2.5 per-cent over the current fiscal year. In the meantime, the IMF has lowered growth forecasts for Romania from 1.5 to just 0.9 percent. The conservative government in Sofia is also expecting to see GDP grow by 1.4 percent this year. In 2011, Bulgaria’s economy failed to meet expectations, seeing an increase in GDP of just 1.7 percent. Ukraine was expected to grow by 2.5 percent. This is also a country noted for its record-low consumer prices. The Baltic nations are also expected to experience growth of around 3 percent over the next year.

The eurozone is currently faced with gloomy eco-nomic prospects, and forecasts are less than opti-mistic – yet the countries of Central and Eastern Europe (CEE) appear to be on the road to recovery.

According to the ECB, the eurozone’s gross dome-stic product (GDP) will drop by 0.4 percent this year, recovering by 0.5 percent in 2013. Meanwhile, Rai-ffeisen Bank International (RBI) and Raiffeisen Cen-trobank (RCB) report that GDP is expected to grow by an average 2.6 percent this year in CEE, this figu-re rising to 3.2 percent in 2013. “Eastern European economies are recovering even now, at a time when the rest of the eurozone is still mired in recession,” said RBI Chief Economic Analyst Peter Brezinschek. This contrasts with predictions from economic researchers at the Vienna Institute for International Economic Studies (WIIW) who expect to see a dete-rioration in the economic fortunes of CEE. Compa-red to their March forecast, they revised down-wards the growth prospects of eight countries for this year, and those of a further four for 2013. South-Eastern Europe is expected to encounter the big-gest problems.

HR, SLO, HU, CZ and SRB strugglingIndeed, the situation is becoming increasingly diffi-cult in Croatia (see Page 2) – but Slovenia and Hun-gary are also struggling. The Slovenian economy shrank by 2.2 percent in the second quarter compa-red to last year, partly due to a slump in domestic consumption of 6.8 percent. Hungary’s GDP shrank by 1.2 percent, causing Austria’s seventh-largest trading partner to report its second negative quarter in a row this year. The Czech economy has also failed to escape the crisis unscathed, reporting a drop in GDP of 1.2 percent for the second quarter.

“The recession has really taken hold now in the Czech Republic, because the manufacturing indu-stry that had previously been the country’s driving economic force has lost momentum,” explains Pavel Sobisek, Economic Analyst at the UniCredit Bank in the Czech Republic. Due to the country’s poor economic state, the Czech government now wants to provide financial support to those firms that have responded to lacklustre commercial per-formance by putting their employees on short-time working. The government’s rescue project, due to start in mid-September, is to be financed through the EU. According to a statement from Serbia’s new Minister for Finance and Economics, Mladjan Din-

HU: Annual reports now available electronically

In accordance with Hungari-an Act C of 2000 on accoun-ting, companies using the double-entry bookkeeping system must now submit their annual reports to the Hungarian Ministry for Public Administration and Justice by the end of May of the fol-lowing year. With the relevant company registration or tax number, these can be accessed and downloaded free of charge from http://e-beszamolo.kim.gov.hu.

Hungary: Administrative procedures simplified

Until now, companies have been obliged to submit their company accounts register certified by the company accounts registrar or a nota-ry together with a signed cover page as part of any administrative procedure. As of 1st July 2012, however, this requirement will be gra-dually phased out by 1st February 2013. In future, public authorities will reco-ver this information electro-nically.

„Eastern Europe is reco-vering even now, at a time when the rest of the Eurozone is still mired in recession.”

Peter BrezinschekRBI Chief Economic Analyst

Croatia

Slovakia bids farewell to its flat-rate tax

Slovakian Deputy Minister of Finance Vazil Hudak has been quoted as saying that the tax was once of great value to the country, but that its benefits have long since been exhausted.

Slovakia is abolishing the flat-rate tax which has been a feature of the country’s low-tax fiscal system for some years now. Over the past four to five years, the amount of money flowing into government cof-fers has decreased, though foreign direct invest-ments have held steady. Slovakia now wishes to introduce a more progressive tax regime. In this way, it hopes to counter the effects of the euro crisis. The decision to abolish the tax was made all the easier by the fact that the social democratic party, Smer, holds an absolute majority in the Slovakian parliament. Party leader Robert Fico has very strong opinions on the flat-rate tax: “It is total non-sense from a social point of view. Whether it ever did any good for anyone is for history to decide; it no longer has a place in the world today.” Govern-ment revenue now needs to be increased, because expenditure has got out of hand – and yet tax increases are not really feasible unless they can be introduced selectively.

Opposition points to Slovakian success storyThe opposition, unsurprisingly, sees things a little differently. Indeed, it highlights that, since the intro-duction of the flat-rate tax in 2004, almost all econo-mic indicators have climbed. In its best year, Slova-kia achieved growth of more than ten percent, lea-ving economists all over the world to marvel at the

country’s strong economic upturn and flat-rate tax. Other countries followed suit. Even Doris Hanzl-Weiß, an expert in the Slovakian economy at the WIIW, has been won over by the flat-rate tax on some fronts. Only recently, she argued that the tax actually works very well during periods of econo-mic upturn. However, when the government needs to take the pressure off domestic consumption and incomes in times of crisis, the flat-rate tax is found wanting. Indeed, speaking to APA, Hanzl-Weiß sta-ted that the tax does little to help finance govern-ment social expenditure. On the other hand, one benefit mentioned by the economist is that tax eva-sion dropped significantly in Slovakia following the introduction of the flat-rate tax. At the same time, taxable income rose, because exceptions had been eliminated. Paradoxically, government reve-nues also rose in the first year of the tax.

Top earners to shoulder a heavier tax burdenCorporation tax will thus increase from 19 to 23 per-cent. Income tax is expected to remain at 19 per-cent, whilst those with gross earnings of more than 33,000 euros per year will be taxed at a rate of 25 percent, although this is still under discussion. VAT is also expected to stay at 19 percent, but is to be more efficiently charged and administered. On top of the corporation tax increase, Finance Minister Hudak says that an existing 0.4% bank levy on cor-porate deposits will now be extended to include retail deposits, further revealing that the bank levy is to be available as Slovakia’s contribution to a European bailout fund.

page 5

The Slovakian government is abolishing the country’s flat-rate tax as part of an attempt to balance its books. Tax increases are also on the cards.

Slovakia replaces its flat-rate tax.

Pho

to:

AP

A /

EP

A

Hungary: Changes to the tax code

In June 2012, Hungarian lawmakers introduced Act LXIX which is a revised ver-sion of Act XCII (2003) on the rules of taxation. The most significant amend-ments concern the informa-tion provided in declarati-ons when paying tax and the information required on invoices for amounts over two million HUF. Find out more at: wko.at.

Slovenia: New execution of payment document

In July 2012, the Slovenian parliament passed a new law on the prevention of late payments. Under this piece of legislation, the so-called Izvršnica (exe-cution of payment docu-ment) will be codified in Slovenian law. This docu-ment, issued by debtors, provides consent for cre-ditors to obtain monies owed directly from the debtor’s bank account within three years of the money obligation’s due date. Find out more at wko.at.

Croatia: Motorway char-ges to increase

On 1st June 2012, the Croatian motorway toll – payable by cash or credit card – rose by 15%. This increase does not affect users of the electronic ENC toll system, who will also soon receive further discounts. In addition, the trunk road between Zagreb and Macelj is also to be brought into the ENC system. Find out more at wko.at.

Important addresses

AlbaniaDR: Prinz-Eugen-Str. 18/1/5, 1040 Wien, T +43 1 328 86 56AC: siehe Slovenia

BelarusDR: Hüttelbergstr. 6, 1140 WienT +43 1 419 96 30 - 11AC: siehe Russia

Bosnia-HerzegowinaDR: Tivolig. 54, 1120 Wien, T +43 1 811 85 55AC: Zmaja od Bosne bb, 71000 Sarajevo, T +387 33 26 78 40, +387 33 26 78 50

BulgariaDR: Schwindg. 8, 1040 Wien,T +43 1 505 31 13, +43 1 505 64 44AC: ul. Zar Samuil 35, 1000 Sofia,T +359 2 953 15 53

Czech RepublicDR: Penzinger Str. 11 - 13, 1140 Wien, T +43 1 899 580AC: Krakovská 7, P.O.B. 493111 21 Praha 1, T +420 2 22 21 02 55

CroatiaDR: Heubergg. 10, 1170 Wien,T +43 1 485 95 24AC: Postanski pretinac 25,10001 Zagreb, T +385 1 488 19 00

EstoniaDR: Wohllebeng. 9/13, 1040 Wien, T: +43 1 503 77 61AC: Mannerheimintie 15 a B,00260 Helsinki, T +358 9 43 66 33 0

HungaryDR: Bankg. 4-6, 1010 Wien,T +43 1 537 80 - 300AC: Délibáb utca 21, 1062 Budapest VI, T +36 1 461 50 40

LetviaDR: Stefan Esders Platz 4, 1190 Wien, T +43 1 403 31 12AC: siehe Estonia

LithuaniaDR: Löweng. 47, 1030 Wien,T +43 1 718 54 67AC: siehe Estonia

MacedoniaDR: Kinderspitalg. 5/2, 1090 Wien,T +43 1 524 87 56AC: Maksim Gorki br. 1, 1000 Skopje, T +389 2 310 92 32

MoldawiaDR: Löwengasse 47/10, 1030 Wien,T +43 1 961 10 30AC: siehe Romania

MontenegroDR: Nibelungeng. 13, 1010 Wien,T +43 1 715 31 02AC: siehe Serbia

Poland DR: Hietzinger Hauptstraße 42c, 1130 Wien, T +43 1 870 15 100AC: Saski Crescent Center ul., Królewska 16, 00-103 WarszawaT +48 22 586 44 66

DR: Diplomatic Representation in AustriaAC: Austrian commercial attaché

Gebrüder Weisspage 6

GW East+: New markets require specialistsWith its new specialist division GW East+, Gebrüder Weiss is bringing its expertise to the heart of the Caucasus and Central Asia.

of the GW East+ specialist division. Services provi-ded by the division will range from air freight, sea freight and general/grouped cargo solutions to pro-ject and heavy cargo transport. All modes of trans-port are to be deployed: road haulage, air freight, container rail transport, traditional rail freight trans-port and inland waterway. “In the Caucasian and Central Asian regions, there is no preferential mode of transport,” explains Hauser. “As such, intermo-dal forms of transportation also have an important role to play.” Hauser emphasises that the company’s choice of transport will depend heavily on the available transport infrastructure, weather conditions and distance to be covered. This makes flexible transport concepts and country-specific knowledge all the more important. Alongside flexi-bility, security is a crucial factor in selecting the mode of transport to be used in these regions: “An understanding of transport regulations and the local infrastructure as well as the constant surveil-lance and documentation of all transport activities is absolutely vital.”

New in the AppStore: Logistics ExpertGebrüder Weiss is now represented in the online gaming world with its logi-stics puzzle game “Logistics Expert”.

ranking. And there’s more: scores can be shared with others via Facebook or Twitter. “Logistics Expert” for iPhone and iPad can be downloaded for free in the iTunes App Store. A version for Andro-id Smartphones, PC and MAC will be available soon.

Challenging and entertaining – that’s Logi-stics Expert, the new sliding block puzzle-game application of Gebrüder Weiss, which is now listed in the AppStore.

The goal of the sliding block puzzle is to make room for the lift truck with GW load by moving around the boxes, pallets and other cargo items that are standing in the way. The challenge: the obstacles can only be moved in two directions, and sometimes block themselves. The load should be transported to the loading ramp in as few steps as possible. The less moves are nee-ded, the better the game score after solving the puzzle will be. Logistics Expert is divided into 40 different levels with varying degrees of difficulty, providing players a variety of tasks. Another gim-mick is the so-called Web High score that links the scores of users online. In this way, players can compare their own results with those of others and see where they stand in the overall

The enormous potential of the emerging Cau-casian and Central Asian markets is making them increasingly attractive to European com-panies. What’s more, the Caucasus can serve as a bridge to Asia.

Enhanced economic ties with other nations and the development of international suppliers have caused trade to grow and thus increased the flow of goods in these regions. This has led to growing demand for modern logistics solutions, requiring the expertise of transport logistics specialists. In order to promote its activities in the areas between the Black Sea and Caspian Sea as well as in Central Asia, GW recently created the specialist division GW East+. A team of specialists will therefore soon be putting its skills and expertise to good use in the region and fostering strong working relationships with local customers. “We want to offer our custo-mers in the Caucasus and Central Asia the same service enjoyed by our clientele in other countries around the world,” declares Siegfried Hauser, Head

Important addresses

Gebrüder Weiss

Gebrüder Weiss: Growth market Romania

Despite the overall stagnating market environ-ment, Gebrüder Weiss continues to be on the rise in Romania. Ten sites (including air and sea terminals) and a diverse customer base underscore the point.

According to estimates of Thomas Moser, Regio-nal Manager of South-Eastern Europe and CIS, the company has been able to position itself amongst the top five logistics and transport companies in the country. Over the past three years, an amount of approximately 22 million euro has been invested to build a large logistics terminal in Bucharest, esta-blish several locations and acquire building sites for future projects. ”We have an annual growth rate of around 20 per cent in Romania,” Moser reports. Part of the growth strategy is the establishment of an extensive network in the country in order to be able to offer a 24-hour service. Gebrüder Weiss has built up a broad domestic as well as international customer base in Romania. It is mainly companies from Austria, Germany and France that are doing business with GW Romania, carrying out general cargo and full load services.

Domestic transport orders has grown stronglyThe number of domestic transport orders of

large Romanian companies has shown a particular-ly strong growth. At six locations in the country, more than 20,000 full-load transports are being pro-cessed per year. ”We do not achieve this growth via our price, but through our level of quality. We are committed to stick to our promises. That is what our customers really appreciate,” says Thomas Moser. He goes on by saying that also in the field of logi-stics solutions, Gebrüder Weiss is continuing its impressive performance with services such as warehouse, distribution and production logistics and is increasingly positioning itself as a partner for the entire supply chain.

Diverse customer structureGW Romania’s customer structure is diverse and

ranges from the automotive sector, secondary con-tract work and large retail chains to the oil industry. Recently, GW has taken over the national supply of spare parts for a large automotive company.

page 7

The Austrian transport and logistics provider invests 22 million euro in Romanian locations and the local network.

Gebrüder Weiss S.R.L.Str. Ithaca nr. 1000087015 Bolintin DealT +40.372.678.500office.ro@gw-world.comwww.gw-world.ro

Your contact in the sales departement (in Bolintin Deal):Mr. Florin CarmaciuT +40.372.678.417F +40.372.678.551florin.carmaciu@gw-world.com

GW Romania

Gebrüder Weiss’s terminal in the Bucharest area serves as the company’s headquarters in Romania.

RomaniaDR: Prinz-Eugen-Straße 60, 1040 Wien, T +43 1 505 32 27, +43 1 503 8940AC: Strada Logofat Luca Stroici Nr. 15, 020581 Bucuresti, T +40 372 06 89 00

RussiaDR: Reisnerstraße 45-47, 1030 Wien, T +43 1 712 12 29, +43 1 713 12 15AC: Starokonyushenny Pereulok 111 5127 PCI-2 Moskau, T +7 495 725 63 66

SerbiaDR: Rennweg 3, 1030 Wien,T +43 1 713 25 95, +43 1 712 12 05AC: Postanski fah 361, 11001 Beograd, T +381 11 301 58 50

SlovakiaDR: Armbrusterg. 24, 1190 Wien,T +43 1 318 90 55 - 200AC: P.O.B. 138, 814 99 Bratislava, T +421 2 59 100 600

SloveniaDR: Koling. 12, 1090 Wien, T +43 1 319 11 60AC: Nazorjeva 6, Postni predal 1595, 1000 Ljubljana, T +386 1 513 97 70

UkraineDR: Naaffg. 23, 1180 Wien,T +43 1 479 71 72 11AC: Posolstwa Awstriji - Torhowyj Widdil, Holowposchtamt, a/c 62,01001 Kiew, T +380 44 503 35 99

DR: Diplomatic Representation in AustriaAC: Austrian commercial attaché

Sind Ihre Warenströme übersichtlich? Ihre Laufzeiten kurz? Können Ihre Lagerbestände reduziert, Ihre Prozess- und Fixkosten gesenkt werden? Im Netzwerk von Beschaffung, Produktion, Lagerung und Distribution bewegen wir gemeinsam mit Ihnen Menschen, Waren und Daten auf ein klares Ziel zu: Ihre Logistik zum echten Wettbewerbsvorteil zu machen. Erleben Sie selbst wie GW bewegt.

Weiter denken als andere.

Servicetelefon 0800.201.666www.gw-world.com

AD

V 23

6/20

12 A

T

GW_036_ostnews_de_210x297.indd 1 04.07.12 00:10