ostnews

Issue No. 92 - March 2012Current Information about Central and Eastern Europe

More worries than glimmers of hope for Hungary page 2

Moldova: 93 kilometers of road improvementspage 3

Cabotage freedom for Bulgaria and Romania as of 01.01.12page 3

iSIS-Mobile: Track & Trace via Smartphonepage 6

Introduction of euro - a nail-biting eventpage 4

Romania seeking a calm spellpage 5

Gebrüder Weiss extends Premium Servicespage 7

More worries than glim-mers of hope for HungaryHungary is battling with its budget deficit and a weakening economy. In additi-on, the government is at loggerheads with the EU and the IMF.

Hungary page 2

analyst is at pains to stress in this context that Hungary belongs to one of the few economies in the EU that has experienced growth on a quarter-ly basis. This is confirmed by the current figures from Eurostat. Thus Austria’s GDP fell by 0.1 per-cent in the 4th quarter, Germany’s fell by 0.2 per-cent, but on the other hand Hungarian GDP rose in the 4th quarter of 2011 by 0.3 percent.

Hungary under economic surveillanceBut this positive review followed a negative

predication for development this year, after the indicators for the economic situation in Hungary published by Thomson Reuters and OeKB plum-meted 40 percentage points to a balance (positi-ve less negative positions) of minus 74. This means that, according to estimates by investors, the country is back where it was in January 2009, just a few months after the collapse of Lehman. It is therefore no surprise that Hungary is included in the 12 countries placed by the EU Commission under economic observation on 14th February, following a study into economic imbalances within the EU.

2012: investors expect an economic slumpDeteriorating business prospects are attribut-

ed above all to controversial measures taken by the Hungarian government such as the introduc-tion of special taxes on banks, commerce, tele-communications and the energy industry. The economic expectations of investors for Hungary plummeted 27 percentage points to minus 31, which puts it far behind the other CEE countries. The current economic situation in Hungary is considered to be the worst in the whole region: the indicator fell by 24 percentage points to a balance of minus 17.

Alongside negative news reports, such as the infringement proceedings instituted by the EU Commission in the middle of January regarding the independence of the central bank, the data protection authority and the judiciary, there are also glimmers of hope.

The national-conservative government of Vik-tor Orban nevertheless faces difficult times ahead. The last piece of bad news was the suspension on 22nd February of 500 million euros of support from the EU Cohesion Fund in the wake of tighte-ned rules on budget monitoring. But if the true economic data is allowed to speak for itself, there is nevertheless some positive news. According to analysts, the GDP figures are better than expec-ted. There was an unexpected increase of around 1.4 percent compared to the previous year. This is a surprise that would also be needed this year, as the economic indicator published by Thomson Reuters and the Österreichische Kontrollbank (OeKB) was just as negative as the current interim forecast of the EU Commission for 2012, which assumes a fall in GDP of -0.1.

There has been no recovery in Hungary since 2008The situation in Hungary is moreover not only

of concern to the Austrian banks active in the CEE region. In the first ten months of 2011, Hun-gary was Austria’s seventh most important export market, with an export volume of 3.14 billion euros (+14.68 percent). Among the other CEE countries, only the Czech Republic is a more important export market for Austria. The truth is that the Hungarian economy has never recovered since the global crisis of 2008. However, the mood among Austrian companies operating in Hungary is not as negative as all the ‘media hype’ about the strained financial situation would have us believe, commented Erika Teoman-Brenner, Austrian economic attaché in Budapest, at the beginning of the year.

The performance of the German economy has helpedIf, however, one looks for the reason for this

enhanced performance in GDP, this also is to be found outside the borders of Hungary. Analyst Gergely Suppan (Takarek Bank) has suggested as a possible engine of growth the apparent recove-ry of the German economy and the start of pro-duction at the Mercedes plant in Hungary. The

Proprietor of media, owner andpublisher: Gebrüder WeissGmbH, Wiener Straße 26,A-2326 Maria-Lanzendorf, ÖsterreichEditors: Klaus Tumler, Bianca Baumgartner, F 01.79799.7925,ost-news@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

Hungary: 4-day vignette abolished

The mood among companies operating in Hungary is not that bad.

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On 1st January 2012, fees were increased in Hungary in all categories. This was on account of the preceding high rate of inflation and turbulence in the economy. In addition, the cheap 4-day vignette (2011: 1,650 HUF) has been scrapped. From now on, travellers to Hungary must purchase the 10-day vignette (valid for 10 consecutive days) at a cost of 2,975 HUF (approx. 9.50 euros). This is valid for vehicles weighing no more than 3.5 tonnes. The Hungarian e-vignette, which in contrast to tradi-tional vignettes is not stuck in the windscreen, can be purchased from your local automobile club and from sales points at the border.

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CEE page 3

WKÖ online guide to ‘HGV driving ban’

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Moldova: 93 kilometres of road improvementsAlthough the winner of the tender has yet to be announced, work is to begin no later than June 2012.

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From December to February contractors were invited to tender for the project funded by the U.S. Millennium Challenge Corporation.

Since then, the selection process has been underway for the rehabilitation of four stretches of the M2 national highway between Sarateni and Soroca, with a total length of 93 kilometres. As we went to press, the winner of the tender was not yet known, but the result will be announ-ced soon on www.mca.gov.md/md/mcatender. According to the Austrian Federal Economic Chamber (WKÖ), contracts are to be signed with the clients by April 2012, so that work can begin in May or June. Winners of the tender are to build 302,000m2 of new roads and rehabili-tate 533,780m2 - including bridges with a total area of 5,290m2. All work is to be carried out within a two year period. Through the Millenni-um Challange Corporation (MCC), the USA and the Republic of Moldova have established the

Millennium Challange Account Moldova (MCA-Moldova) and endowed it with 262 million dol-lars. This is to be used to support the govern-ment in its efforts to reduce existing poverty through promoting economic growth.

Following a cross-border operation, hau-liers now have the right to carry out up to three domestic transport operations over a seven-day period.

The Austrian Federal Economic Chamber (WKÖ) reports that since the beginning of the year, the ban on cabotage within the Euro-pean Union that applied to Bulgaria and Romania, limited to three years with a pos-sible extension to a maximum of five years (3+2), has been lifted. In answer to an enquiry, WKÖ confirmed that transport and logistics companies from these countries are now allo-wed, following a cross-border operation, to carry out up to three cabotage operations in Austria over a seven-day period after unloa-ding. The German transport magazine ‘Ver-kehrsrundschau’ reported the German road traffic association SVG Hessen as saying that

from the beginning of the year, so-called tran-sit-cabotage would also apply to companies from accession states: according to this, after a transport company has unloaded its cross-border load and driven with an empty vehicle into another EU member state, it is entitled to carry out a single cabotage operation there within three days.

Cabotage freedom for Bulga-ria and Romania as of 01.01.12

From 1st January cabotage freedom for BG and RO to AT.

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Using the online guide from the Austrian Federal Economic Chamber (WKÖ), you can check whether a driving ban for HGVs is in place on any Austrian motor-way or highway. Use of this guide, as yet only available in German, is free to access from a PC: www.wko.at/ratgeber/lkwfahrver-bot or mobile: www.wko.at/rat-geber/lkwfahrverbotmobile or by using the QR-Code reader on your smartphone.

The transition period banning cabotage within EU Member States that applied to Bulgaria and Romania expired at the end of 2011.

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Europage 4

Bosnia and Herzegovina: Construction of the Vc Corridor to begin

According to the Austrian Centre for Foreign Trade in Sarajevo, the Government of the Federation of Bosnia and Herzegovina plans to start construction of an additional 150 kilometres of motorway in 2012. Funds are already in place for 45 kilometres of motorway, whilst the remaining 105 kilometres are to be finan-ced and constructed by international investors. The Vc Pan European transport corridor, which is a branch of the V Pan European Transport Corridor (Kiev-Venice), will link Budapest in Hungary to the Adriatic (South Dalmatia) via Bosnia and Herzegovina.

The number of euro opponents in CEE countries is on the increase.

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Introduction of euro – a nail-biting eventThe euro is having a rough ride: State budgets are going through a sticky patch and the mood in most CEE countries is against its speedy introduction.

debt and transfer union. Necas has announced a referendum on the introduction of the euro, leading to an internal political dispute amongst politicians in Prague. Foreign Minister Karel Schwarzenberg, an advocate of the common currency, promptly countered by¬ pointing out that the country was committed to the introduction of the euro. Schwar-zenberg: “The Czech Republic‘s reputation is at stake.” Hungary, which formerly intended introdu-cing the euro as a method of payment in 2006, is currently not considering introduction of the single currency. Prime Minister Viktor Orban has spoken plainly on numerous occasions: “Hungary has other problems at the moment,” but views 2020 as a pos-sible target date, however: “Nothing is possible until then.” Bulgaria has postponed introduction of the euro indefinitely, due to the EU debt crisis. Ori-ginally, the country wanted to introduce the curren-cy in 2013, but the crisis in neighbouring Greece and having to contribute to aid packages for richer euro countries have conspired to discourage both the government and people of the EU‘s poorest country. According to the Bulgarian Open Society Institute, only 13 per cent of Bulgarians support the introduction of the euro. The number of euro oppo-nents in the Balkan country has risen dramatically to 57 percent.

At the moment, most candidates affirm their intention to continue to adhere to the time sche-dule, although experts doubt that they will meet the necessary criteria.

Many experts believe that Estonia‘s accession to the eurozone early in 2011 will remain the last for a long time. Latvia and Lithuania are next in line to adopt the euro as their national currency and are already members of the European Exchange Rate Mechanism 2 (ERM 2), which is the final stage before introduction. Lithuania is not going to be blown off course and is still aiming for accession to the eurozone in 2014. Things should go as planned this year, despite just failing to meet the main cri-terion for a budget deficit of not more than 3 per-cent of GDP in 2011. Public opinion, which has tur-ned against the euro as a result of the malaise in Greece, remains an unknown factor; this also holds true in Latvia.

Monetary union becomes debt union Romania, which has had to postpone introduc-

tion of the euro once already, is also still struggling with key economic data, but the Balkan state is sticking to its goal of euro accession in 2015. During a state visit to Germany, State President Traian Basescu whimsically pronounced: “Please do not laugh, for we are deadly serious.” Bucha-rest-based Austrian Trade Commissioner Rudolf Lukavsky thinks that it may yet prove possible to meet the requirements in view of the stable exchange rate that has existed for years. In Romania‘s case, however, it may perhaps be sen-sible to go on postponing the date. Romania should await further developments in the euro cri-sis, plus, the current weak purchasing power ought to militate against the introduction of the common currency. The introduction of the com-mon currency has receded into the background in other Eastern European countries too. In Poland, though, Prime Minister Donald Tusk and other lea-ding politicians often express their commitment to the euro.

CEE countries sceptical about the euro The euro is once again out of favour in the Czech

Republic. In October 2011, former Euro supporter Prime Minister Petr Necas declared his reluctance to set a firm date for introduction of the currency. He argued that the currency union was becoming a

„Please do not laugh, for we are deadly serious about joining the euro.”

Traian Basescu Romanian President

Important legislative amendments in Slovakia

Law firm e|n|w|c Natlacen Walderdorff Cancola advokáti s.r.o. reminds us that the first part of a com-prehensive amendment to the law concerning bank-ruptcy and restructuring came into force in Slovakia with effect from the begin-ning of the year. Business magazine SUCCEED reports that the second part is to follow subsequently in 2013. According to SUC-CEED, some changes will impact hard on foreign inve-stors in particular: The auto-matic subordination of claims from affiliated com-panies means that parent companies which have granted Slovakian subsi-diary companies a loan will be the last to receive pay-ment should the subsidiary declare bankruptcy.

Romania

Romania seeking a calm spell

Newly elected Prime Minister Mihai Razvan Ungureanu – who took up office officially on 9th February – put the consolidation of economic stability at the top of the agenda.

In 2011, economic growth was a good 2.5 per-cent (compared to the previous year), even though once again in the fourth quarter there were signs of a slowdown compared to the previous quarter. Growth hovered just above zero, according to Romanian sources. The Romanian Central Bank forecasts growth of around 1.2 percent for this year. The Institute for International Economic Studies in Vienna (WIIW) is confident that a figure of 2.1 per-cent economic growth can be achieved. That would put the country in the number two spot in the CEE region behind Poland. With regard to government debt, the country is definitely doing better than the EU27 average; in the third quarter of 2011, debt amounted to 33.3 per cent of GDP, and 82.2 percent of GDP among the EU27.

No money from Central BanksAt present, foreign direct investment (FDI) is a

problem area. There has been a massive decline in net capital inflow levels in recent years. In 2008, 16 billion euros of foreign capital flowed into Romania. In 2011, according to government data, the figure was only 2 billion euros. According to Austrian Trade Commissioner Rudolf Lukavsky, the FDI Stock (at the end of 2010) has at least remained stable at round 9.35 billion euros. Behind this lies the ‘shift in risk analysis’ resulting

from the financial crisis/crises, explains an expert in Romanian affairs at the Institute for Internatio-nal Economic Studies in Vienna (WIIW). The whole region is affected. A new assessment of the situation has resulted increasingly in money being held by central banks and hardly ever rea-ching the outer extremities, explains the econo-mist. Lukavsky thinks that there have been some successes in recent years – with “minor side effects”, but the budget is under control thanks to swingeing cuts that have resulted in a fall in the purchasing power of Romanians. That was reflec-ted, according to the Austrian Trade Commissio-ner, in the 2010 data for domestic investments (data for 2011 not yet available), which fell by 13.5 percent.

Poor handling of EU fundsThe Balkan country is being kept on its toes

about EU subsidies. For quite some time, the EU has criticised the country for its poor use of fun-ding. During the period 2007 to 2013, Romania had a total of 19.2 billion euros of EU funds at its disposal. By the end of January 2012, according to statistics from the EU’s ministry, a major part of the money had been used for regional deve-lopment. Romania is definitely in last place in the EU, having utilised a mere 6.3 percent of available funds. The new Premier has put this fact at the very top of his agenda. Romania has to correct this situation and use EU funds “cor-rectly, transparently and efficiently,” explained Ungureanu.

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The recently elected Romanian government will strive to introduce a period of consolidation for the country.

Overview: Changes in taxes and law

European Union says: Romania not exploiting EU funding to the full.

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• Poland: Amendments to the Commercial Code of 1st April 2001 came into force in the New Year. ¬From early 2012, compa-nies intending to move to Poland can set up a limi-ted company online. Mas-sive changes took effect in labour, contracting and fiscal law also, according to law firm Gorzawski & Jedrych. For more information, visit: http://www.gj-law.pl/

• Czech Republic: SUC-CEED ¬magazine for busi-ness and economics reports that the reduced rate of VAT has been increased from 10% to 14% since early 2012 and will reach 17.5% in 2013. The Czech government intends harmonising the rate of Value Added Tax (VAT). According to the magazine, housing and public transport costs will be most affected; the basic VAT rate applicable here, which is currently 20%, will remain unchanged in 2012, but will likewise be set at 17.5% in 2013.

• Hungary: In Hungary too, a higher rate of VAT has been applied since 01.01.2012. According to the Austrian Federal Eco-nomic Chamber (WKÖ), the general rate of tax is 27¬%. The tax rate for milk and milk products, bakery products, and district hea-ting is 18%, and 5% for medicines, books and newspapers. Hotel stays attract a rate of 18%, whe-reas all other hotel ser-vices are taxed at 27%.

For more information, visit 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

iSIS-Mobile: Track & Trace via Smartphone iSIS, Gebrüder Weiss’s online shipment tracking system, is now available for smartphones.

Windows phones,” explains software developer Daniel Griesser. No download is required for using iSIS Mobile.When the website isis.gw-world.com is accessed from a mobile device, the user will automatically be redirected to the appropriate iSIS Mobile version.

GW: Relief of Ukrainian animal shelterGebrüder Weiss transports urgently needed goods such as dog and cat food, blankets and dog kennels to Kiev.

Kiev, had taken care of numerous bureaucra-tic formalities such as customs clearance beforehand and provided extensive support with the planning of the transport. To the delight of all parties involved, also the trans-port permit was granted within only a few days‘ time.

In recent months, the mass killing of stray dogs in the country hosting the European Football Championship 2012 sparked a global wave of protest.

At the end of 2011, a concerted action was taken by organisations willing to help, inclu-ding the „Krone“ newspaper as the initiator, Austrian Airlines, Fressnapf, Gebrüder Weiss and Nestlé Purina.

One common goalThe common goal was to equip an over-

crowded animal shelter in Kiev with urgently needed materials for dog husbandry and care, such as dog and cat food, blankets and dog kennels. Gebrüder Weiss took over the trans-port to the Ukraine free of charge.

Numerous bureaucratic formalitiesThe relief supplies were loaded at the Gebrü-

der Weiss Maria Lanzendorf site and sent on their 1,300 km long journey to Kiev. Manfred Überfellner, Country Manager Gebrüder Weiss

In order to obtain information about orders anytime and anywhere, a special version has now been developed for mobile phones.

When does my shipment arrive and where is it now? About 15,000 GW customers are already using iSIS (internet Shipment Information System) to answer these questions themselves. In order to obtain informa-tion about orders anytime and anywhere, a special ver-sion has now been developed for mobile phones. As with the classic browser version, customers and part-ners can view all details of their shipments with iSIS Mobile. It’s fast and easy: With a username and a password, it is now possible to view the status of ship-ments and orders around the world by smart phone. Moreover, all shipping documents and the scanned vouchers are accessible via the system. ”The browser version, developed in-house and now optimised for smartphones, is compatible with iPhone, Android and

Customers can easily find out the status of their shipment.

GW took over the transport to the Ukraine free of charge.

Important addresses

Gebrüder Weiss

Gebrüder Weiss extends Premium Services

It’s been a year since Gebrüder Weiss intro-duced GW pro.line, the general cargo and groupage freight service throughout Europe. The product portfolio is now extended.

The new Premium service GW pro.line date 16/12/10 guarantees – beyond the usual GW pro.line delivery times – delivery of a shipment before 16/12/10 h on a day selected by the customer. Delivery of goods can now be planned even more efficiently. GW pro.line date 16/12/10 features the same hallmarks of quality as all the other GW pro.line products: daily departures, defined door-to-door transit times, specified quality standards and seamless consignment tracking.

Powerful Gebrüder Weiss networks”The GW pro.line services are based on the

powerful Gebrüder Weiss networks, which stand out through daily connections and very attracti-ve transit times. Our customers can rely on Gebrüder Weiss, because every shipment is monitored during all transport stages. With GW pro.line, we offer a service with real added value for the attractive markets in Central and Eastern Europe,” says Walter Konzett, Head of Product Management Land Transport.

Investements support even better servicesOver the last years, Gebrüder Weiss has inve-

sted more than 100 million euro in the expansion of its networks as well as in information and communication technology in Central and Eastern Europe. This enables and supports the current extension of its services.

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New product GW pro.line date 16/12/10 allows for even more planning security.

• GW pro.line is the gene-ral GW cargo and groupa-ge freight system for Euro-pean distribution needs since a year • The new Premium ser-vice GW pro.line date 16/12/10 guarantees – beyond the usual GW pro.line delivery times – delive-ry of a shipment before 16/12/10 h on a day selec-ted by the customer• GW pro.line date 16/12/10 features the same hallmarks of quality as all the other GW pro.line products

GW pro.line date

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

GW pro.line - the general cargo and groupage freight system for your European distribution needs.

Service features:• defined door-to-door transit times• daily departures• specified quality standards• consignment tracking via Track & Trace• online proof of delivery

Optional services:• delivery notification*• cash on delivery*• hazardous goods• costums clearance• delivery free place of use*

Delivery to selected destinations before 16 / 12 / 10 h.

Service features:• defined door-to-door transit times• daily departures• specified quality standards• consignment tracking via Track & Trace• online proof of delivery• money-back garantee**

Optional services (only 16):• delivery notification*• cash on delivery*

GW pro.line - das Stück und Sammelgutsystem für Ihre Europa-Distribution.

Service features:• defined door-to-door transit times• daily departures• specified quality standards• consignment tracking via Track & Trace• online proof of delivery• money-back garantee**

Optional services (only 16):• cash on delivery*

* in selected countries**any further claims are excluded, version 2012.03.01; subject to charge.

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A lot of movement in GW services: The new product line GW pro.line features daily departures, defined transit times, fixed quality standards and exclusive premium services. In this way, we move your goods from Norway to Greece, from Russia to Portugal. In 47 European countries. Covering 10.5 million square kilometres. Experience it for yourself how GW moves.Service line 0800.201.666 www.gw-world.com

Europe’s markets. On your doorstep.

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