GW ostnews issue 2/2012

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ostnews Issue No. 93 - June 2012 Current Information about Central and Eastern Europe Russia’s economy in need of rapid restructuring page 2 Germany: Tolls on trunk roads page 3 Slovakia: Warning to truck dri- vers concerning transit tickets page 3 XXX page 6 BiH: In crisis 20 years after independence page 4 Croatia wooing foreign inve- stors page 5 Gebrüder Weiss XXX page 7

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The ostnews publication of Gebrüder Weiss. Information and current news on Central and Eastern Europe. Issue 2/2012

Transcript of GW ostnews issue 2/2012

Page 1: GW ostnews issue 2/2012

ostnews

Issue No. 93 - June 2012Current Information about Central and Eastern Europe

Russia’s economy in need of rapid restructuring page 2

Germany: Tolls on trunk roadspage 3

Slovakia: Warning to truck dri-vers concerning transit ticketspage 3

XXXpage 6

BiH: In crisis 20 years after independencepage 4

Croatia wooing foreign inve-storspage 5

Gebrüder Weiss XXXpage 7

Page 2: GW ostnews issue 2/2012

Russia’s economy in need of rapid restructuringRussia has emerged from the economic crisis faster than other countries, but is too focused on trading in commodities.

Russia page 2

energy dependence on this single supplier is overstated. In his opinion, it is a matter of mutua-lity. Mangott explains this by pointing out that the natural gas is mainly transported via pipelines, all of which currently lead to Western Europe. Rus-sia, which depends primarily on commodities, is just as dependent on the European market as Europe is on fossil fuels. Peter W Schulze of the University of Göttingen and author of The Euro-peanisation of Russia argues that the EU should set aside the double standards it applies in its dealings with Russia. “People often say that security cannot be guaranteed against Russia but only with Russia. On the other hand, EU actions are not consistent with this.”

The Russian economy grew by 4.3 percent in 2011, with a GDP increase of 3.3 percent expec-ted for the current year. But unfortunately, that’s all there is in terms of positive news.

This at least was the conclusion of Dmitri Zaitsev from the market and strategy consulting firm Roland Berger at a recent press conference. He sees antiquated infrastructure and demogra-phic trends as negative factors cancelling out the pluses. Russia annually loses around one or two million of its population as a direct consequence of low life expectancy and the brain drain, accor-ding to Zaitsev. Commodities as a share of total Russian exports amount to around 60 percent, which has enabled the country to build up huge foreign exchange reserves of around 500 billion dollars (380 billion euros), but this is not enough to ensure long-term growth in his view.

Investments in infrastructure necessaryThere needs to be far greater investment in

infrastructure to make the country competitive. “Fifty kilometres outside of Moscow, there is nothing,” says Zaitsev, alluding not only to the dilapidated roads but also to a lack of logistical facilities. Zaitsev is of the opinion that Russia has to start another wave of privatisation if it is to maintain growth prospects over the next two years. According to Roland Berger, the Russian state currently has major shareholdings of bet-ween 18 and 86 percent in six of the ten largest companies. In his opinion, Russia should also put more emphasis on services, as opposed to newly re-elected President Vladimir Putin’s preference for investment in manufacturing and industry.

Unease about Russian dominance as energy supplierThe big economic issue for the EU in its relati-

onship with Russia is energy dependence. Many fear that Russia could end up calling the shots in Europe. However, British historian and renowned Russia expert Orlando Figes is not convinced. Russian economic power in a global setting is based on oil and energy, but in Figes’ opinion, that is simply not enough: “We must wait and see how Putin’s latest term of office develops. Will it bring greater democracy or will the country remain quasi-oligarchic?” Gerhard Mangott, pro-fessor at the University of Innsbruck and expert in Russian affairs, thinks that the EU’s oft-quoted

Proprietor of media, owner andpublisher: Gebrüder WeissGmbH, Wiener Straße 26,A-2326 Maria-Lanzendorf, ÖsterreichEditors: Klaus Tumler, Bianca Baumgartner, F 01.79799.7925,[email protected]: 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

Russia: New legal entities for joint ventures

The EU and Russia are mutually dependent.

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Following the introduc-tion of ‘investment partner-ships’ on 1st January 2012, joint ventures in Russia are now to have the option of forming ‘business partner-ships’ with effect from 1st July 2012. The Austrian Chamber of Commerce (WKÖ) reports that, in con-trast to Russian limited lia-bility companies, not only shareholders but also employees and consultants may participate in the admi-nistration of a business partnership. This type of partnership thus requires two fundamental docu-ments: the articles plus an agreement setting out the management details. An investment partnership, on the other hand, allows for joint investment activity without creating a specific legal entity.

„Russia is just as depen-dent on the European market as the other way round.” Professor Gerhard Mangott of Innsbruck University

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Germany: Tolls on trunk roadsAfter repeated delays, tolls are to be levied from 1st August 2012 on trucks over 12 tonnes using four-lane trunk roads in Germany.

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German Federal Minister for Transport Peter Ramsauer announced that the implementation date has now been finalised with the Toll Coll-ect consortium.

The Bundestag and the Bundesrat approved the extension of tolls to other parts of the road system in May last year. The charges do not apply to all main roads but only to those that have four lanes and give access to the motorway network, according to verkehrsrundschau.de. Originally, the toll was to be introduced in 2011 for 2,000 kilometres of trunk roads instead of the 1,000 now envisaged. The CSU politician explai-ned that this is because the satellite-monitored system cannot cope with more than 1,000 kilo-metres of highway. The Ministry of Transport now expects annual revenues in the order of 100 million euros. Verkehrsrundschau estimates that the federal government will receive around 60 million euros after deduction of operating and

construction costs. This money is earmarked for the maintenance and construction of new roads. The toll charges have been set at an average of 17 cents per kilometre. Ramsauer announced that the present contract with Toll Collect, due to expire on 31st August 2015, would not be automatically extended but be put back out to tender.

In spot checks conducted by toll officials recently, a number of truck drivers were unab-le to prove that the toll had been paid or to provide a transit ticket.

Truck drivers who purchased transit tickets from unauthorised vendors had to pay fines of €700 in addition to the €160 toll itself. Transit tickets for journeys through Slovakia can only be purchased at outlets approved by the toll ope-rator. There are currently 13 border distribution centres open 24 hours a day, seven days a week (visit: www.emyto.sk/web/guest/hranicne_distribucne_miesta). The toll operator has stated that transit tickets can only be bought at the border distribution point that relates to that particular transit route. For example, you can only buy a transit ticket for travel from the Slovak-Czech border point Brodské-Breclav to the Slovak-Hungarian bor-

der point Rajka-Bratislava-Cunovo at the Brods-ké-Breclav (D2) border distribution point. Detailed information from the toll operator about ticketing requirements can be found in German and English at www.emyto.sk/web/guest/tik-keting. NB: As of 1st March 2012, only four transit routes are available to transit carriers!

Slovakia: Warning to truck dri-vers concerning transit tickets

emyto.sk provides comprehensive information concerning transit tickets in SK.

Since early April, existing and potential customers have been able to source information about GW in Bosnian and Eng-lish by visiting the Gebrüder Weiss website for Bosnia-Her-zegovina at

www.gw-world.ba. The online services iSIS, iWIS, iOffer and iOrder are available there, plus information about the wider range of Gebrüder Weiss offerings. “We are both pleased and excited about the GW Bosnia-Herzegovina web-site which is now live and can be found at www.gw-world.ba. The project is very important for our presence and future work in Bosnia-Herzegovina,” says GW National Director Almir Jonuz.

The Austrian Chamber of Commerce (WKÖ) warns about the purchase of transit tickets at unau-thorised outlets and about misleading information at the Slovakian border.

Starting this August in G: tolls for trucks over 12 tonnes on four-lane trunk roads.

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BG: Booking customs officers via the internet

Soon it will be possible for businesses in Bulgaria to request visits by customs officials via the internet, according to a report published in wirtschaftsblatt-bg.com. The company extending the invitation is, however, responsible for all the associated costs of having a customs official come to its warehouse to carry out the required checks and fill out the necessary transportation documents.

Balkan state gears up for EU application

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BiH: In crisis 20 years after independenceTwenty years after gaining its independence, Bosnia-Herzegovina is putting itself forward as a candidate for accession to the EU.

joins the EU as of less importance than the accompanying reform process to bring the legal system into line with EU standards. “What really matters is the political will that we see being manifested now,” concluded Inzko in April during a debate on Bosnia held at the Internatio-nal Institute for Middle East and Balkan Studies (IFIMES) in Slovenia.

Huge potential in Bosnia-HerzegovinaThe Bosnia expert takes a relatively positive view of the situation in the country. Bosnia has great natural resources, such as hydropower where 65 percent of the potential has not yet been exploi-ted. According to Inzko, the government now needs to focus on the economic situation, becau-se Bosnia has an unemployment rate of 43 per-cent. He sees immense economic potential in the energy sector, in infrastructure and in tou-rism, but notes that there have been failures in the economic regeneration of the country.

Government functioning again since earlier this yearBosnia is the only country in the Western Balkans which has not yet formally applied for EU candi-date status. After a 16-month political crisis, the state has had a functional government only since February 2012. An application to join the EU will necessitate a change in the Bosnian constitution. Under the current version, the three key govern-ment offices are reserved for members of the three main ethnic groups: the (Muslim) Bosnians, the Croats and the Serbs; representatives of minorities such as Roma and Jews are excluded. The European Court of Human Rights (ECHR) has therefore condemned Bosnia for violating the principle of non-discrimination.

At the same time, reports are emerging from the Balkan state of both economic and politi-cal stagnation.

In the context of a round-table discussion bet-ween experts to mark the anniversary of indepen-dence, Austrian diplomat and High Representati-ve in Bosnia Valentin Inzko commented that there was “too much history and politics, but far too litt-le economic activity” in the country. The fact that foreign investors are increasingly withdrawing from the country is a cause for concern. As the daily newspaper Dnevni avaz reported – citing information provided by the Ministry for Foreign Trade – more than 50 million euros in capital were withdrawn by foreign investors during the first quarter.

Capital flight by Austrian companiesForeign direct investment was only half as much at around 25 million euros during this period. Austrian companies led the capital flight, withdra-wing 22.5 million euros, followed by Serbian firms (17 million euros). In early April, Moody’s Investors Service lowered Bosnia’s credit rating to B3 and classified the country’s prospects as “under observation – negative”. The Bosnian media reported that a decision will be taken later in May as to whether the country should complete a new credit agreement with the International Monetary Fund or refinance under the three-year credit agreement from July 2009 when it secured a loan of 1.2 billion euros. Five tranches totalling appro-ximately 400 million euros have been transferred so far.

Decisive steps towards EU membershipThere are high hopes with regard to the EU. In early April, Germany and the United Kingdom jointly called on Bosnia-Herzegovina to move closer to the EU and NATO during the current year. “2012 may turn out to be the year in which Bosnia takes decisive steps towards member-ship of the EU and of NATO,” said German Foreign Minister Guido Westerwelle in a joint statement with his British counterpart William Hague. Regarding the EU, Inzko expects a quick application for membership if the conditions for implementing the Stabilisation and Association Agreement with the EU are met by the end of July. He considers the date on which Bosnia

Bulgaria: Curbs on long-distance HGVs

The WKÖ informs us of restrictions that will apply to long-distance trucks and other heavy vehicles during the period from 12th April to 30th September: these vehicles are banned from Bulgarian motorways, trunk roads and some local roads between 4pm and 10pm on the last working day of the week, on the last day of the weekend and public holi-days, and on days before public holidays. The only exceptions will be trucks carrying perishable food-stuffs and live animals.

BG: 100 million euros in loans to businesses

According to wirtschafts-blatt-bg.com, the Bulgarian Bank for Development (BBR) is making available 100 milli-on leva to commercial banks for investment. The funding will be offered to small and medium enterprises in the form of loans at preferential rates, with an annual interest of 7% and a repayment peri-od of up to five years.

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Croatia

Croatia wooing foreign investors

Croatia hopes that its Alpine neighbour will invest more in the manufacturing sector and thereby help to boost the economy.

“There is already quite enough Austrian money in services and tourism,” Industry Minister Radimir Cacic told the APA press agency. Between 1993 and the end of 2011, Austrian companies invested around 6.4 billion euros in Croatia. According to the Austrian Ministry of Economics, this sum amounts to a quarter of all foreign capital flowing into Croatia, which makes Austria by far the largest foreign inve-stor, ahead of the Netherlands, Germany and Hun-gary. Minister Cacic admitted that Croatia has underperformed so far, but promised that a change is on the way during the current year, with the eco-nomy being steered onto a path to growth. At the same time, however, the International Monetary Fund (IMF) is forecasting a 0.5 percent decrease in Croatia’s gross domestic product (GDP) in 2012. Cacic nonetheless insists that the Croatian govern-ment is aiming for a modest growth of 0.8 percent. According to the Croatian Bureau of Statistics, the national economy stagnated in 2011 compared to the previous year. In 2009, the Croatian GDP shrank by six percent, and in 2010 by 1.2 percent.

Economy in “fragile condition”The Croatian National Bank paints a gloomy pictu-re of the national economy, with the only credible remedy being “painful reforms and structural changes”. Zeljko Rohatinski, Governor of the Cen-tral Bank, says that every single indicator that

could possibly contract did so in the first quarter of 2012 – industrial production, the construction industry, employment and exports. Rohatinski warns that the country needs a “radical overhaul of its economic system and government policy”. He estimates that private consumption will decline by 0.8 percent during the current year, exports by 1.2 percent and bank lending by 5 percent. Roha-tinski claims to have observed a “collapse of investment” in Croatia. This has decreased by 28 percent over the last three years. Furthermore, the inflow of foreign capital has almost completely dried up, contracting from 9.5 percent of GDP in 2008 to 1.1 percent in 2011. Croatia’s economy is also in a “fragile condition” due to the high foreign debt at around 100 percent of GDP; the country needs to borrow €18 billion per year, equivalent to 38 percent of GDP.

Commission certifies progressBut the country has its sights firmly set on accession to the EU on 1st January 2013. The first monitoring report of the EU Commission has encouraged the Croats to feel optimistic about their prospects. It states that “the prepa-rations for EU membership are on track” and that Croatia has achieved a considerable degree of alignment with European Union law (the so-called ‘Community acquis’). Croatia is urged to redouble its efforts in six broader chapters, with a number of issues to be resolved in 14 others out of 35 within the comprehensive negotiating framework.

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Croatia intends to be far more dynamic in attracting foreign capital, with Austria as the number one target for the Balkan country.

Despite its economic woes, joining the European Union remains the ultimate goal of Croatia.

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HR: Zagreb-Rijeka rail-way project in the pipeline

The Austrian Chamber of Commerce (WKÖ) reports that the Croatian government intends to appoint a commit-tee to prepare an international tender for the path of the high-speed Botovo-Zagreb-Rijeka rail link. While the existing route between Botovo and Zagreb will be merely upgra-ded, the Zagreb to Rijeka sec-tion will be completely rebuilt. The construction project has been costed at approximate-ly 5 billion euros.

Macedonia: Dialogue with the European Union

Since 2005, the Republic of Macedonia has been a candi-date for membership of the EU. Accession talks have not yet officially begun, however, because of the ongoing dis-pute between the Republic of Macedonia and EU member state Greece about the name of this constituent of the for-mer Yugoslavia. Nonetheless, pelagon.de reports that a dia-logue between Macedonia and the EU took place in March aimed at bypassing the previously blocked acces-sion talks and taking the inte-gration process forward.

Poland: Border controls during EURO 2012

During the EURO 2012 foot-ball championship (4th June – 1st July), Poland will be con-ducting spot checks on selec-ted match days and in certain exceptional situations at various locations around the country’s EU internal borders (WKÖ report). Similar measu-res were put into place in Ger-many for the 2006 World Cup and in Austria for EURO 2008.

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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: Logistics for the “Baku Crystal Hall”

Gebrüder Weiss handled logistics operations for RS Rock-Service GmbH & Co. KG, which was involved in construction of the “Crystal Hall” in Baku.

the construction work. Gebrüder Weiss provided RS Rock-Service with export documentation, handled customs clearance and took care of load security and transportation surveillance. The overall logistics concept was rounded off by providing logistical assi-stance and country-specific information.

Gebrüder Weiss: First step into CaucasusThe international transport and logistics company establishes a joint venture with Tegeta Motors Ltd. in Tbilisi, Georgia.

Moser, Regional Manager Southeast/CIS at Gebrüder Weiss. „Setting up a country organi-sation in Georgia is a first important stept in this emerging region. At the same time, Gebrüder Weiss remains commited to its strategy of developing new markets as a first mover,“ says Thomas Moser.

With Tegeta Motors Ltd. there was established a joint venture called Gebrüder Weiss-Tegeta with GW having a majority stake. The joint ven-ture will offer land transport, air and sea freight services as well as logistics solutions.

By entering the market in Georgia, GW is strengthening its regional organsation and deve-lop its business in the Caucasus region and the so-called ‚Stan‘ countries. „Through this joint venture, we are building a strategically impor-tant platform in the Caucasus - a region that is developing into a hub between the booming markets in Asia and Europa,“ says Board Mem-ber Wolfram Senger-Weiss. „Many of our exi-sting customers will benefit from this expansion.“ In Tbilisi, logistics facilities with some 10,000m² of warehouse space will be completed in early 2013. The Gebrüder Weiss-Tegeta team will initi-ally consist of 23 employees, headed by Mr. Aleksandre Kharlamov. Kharlamov is 38 years old and up to now he has been the Head of trans-port and logistics activities of the parent compa-ny Tegeta Motors. He will report to Thomas

Recently, Gebrüder Weiss once again proved its expertise in the field of special transport pro-jects in the Caucasus/Central Asian region.

On behalf of the company Rock-Service GmbH & Co. KG, the GWEast+ division of Gebrüder Weiss handled the entire logistics and customs processes for the transport of the event technology to Baku, Azerbaijan. On 26 May 2012, Baku hosted the Eurovi-sion song contest in the Crystal Hall which was built on the Caspian Sea coast especially for this major event. During the months preceding the event, Gebrü-der Weiss transported the required equipment such as work platforms, steel scaffolding, forklifts and stage elements to Baku. The partial and full loads arri-ved on the road from Germany and by Air and Sea from Shanghai, China. Because most of the goods were imported on a temporary basis, they were retur-ned to their places of origin shortly after completion of

GW now has an office in Tbilisi, Georgia.

GW transported construction equipment for RS Rock-Service to Baku..

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Important addresses

Gebrüder Weiss

Gebrüder Weiss achie-ves record turnover

GW continues its positive growth trend of recent years: Turnover was up 9.2% on the 2010 fiscal year, with the company recording provisional net sales of 1.066 billion euros.

„We have pursued a consistent and sustainable growth strategy for a number of years, and this has worked well for us in 2011 both in terms of turnover and profit,“ says Chief Executive Officer Wolfgang Niessner. The further expansion of the network into markets such as Central and Eastern Europe and Asia has proven decisive in this development. Fur-thermore, we were also able to benefit form the good economic situation in Austria and southern Germany. Business in the key Swiss market remai-ned stable, despite currency troubles.

Consistency and long-term planning„Because of our high equity ratio and a cash flow

of over 65 million euros, we have been able to finance most of our investment without relying on financial institutions,“ explains Chief Financial Officer Wolfram Senger-Weiss. „We have used this equity for the targeted expansion of oour global net-work.“ In the past year, the company has invested 40.8. million euros in new sites and projects in the

Czech Republic, Germany, Austria and Japan. In line with growth of the business, the average total workforce has increased by nearly 6% to 4,667.

All key business of the Group have contributed to growthIn overland transport, GW managed to increa-

se consolidated turnover by around 10%, from 642.1 million to 706.6 million euros. In addition to network expansion, pan-European standardisa-tion of the service offering „GW pro.line“ was a key milestone in the development of this busi-ness area. The area of logistics solutions has also developed positively. In 2011, GW Air & Sea posted turnover of 236.8 million euros, a sub-stantial increase of 9.4%. An important milesto-ne was the expansion of the South America net-work through our global business partner Röhlig Logistics. In 2011, the GW parcel service, which provides DPD services in most Austrian regions, once again confirmed its status as a consistend guarantee of success. Increasing its turnover by more than 20% and closing 2011 with a turnover of almost 10 million euros, our subsidiary inet-ogistics also developed very positively. The logi-stics consultancy firm x|vise maintained its prev-cious year‘s performance at 1.1 million euros.

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In the 2011 fiscal year, turnover in excess of one billion euros was recorded for the first time in its 500-year history.

Gebrüder Weiss is strength-ening its presence in southern Germany and has raised its stake in Esslingen-based Spediti-on Diehl to one hundred percent. GW has no inten-tion of changing the stra-tegic direction of Spediti-on Diehl which will conti-nue to trade under its own name. There will also be continuity in the staffing, with Managing Director Jürgen Wirsing carrying on in charge of the existing team on behalf of Diehl and therefore of parent company GW.

GW acquires Spedition Diehl

GW operates from more than 158 separate depots and offices, 87 of which are in Europe.

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

Page 8: GW ostnews issue 2/2012

Sustainability. This is what our customers understand by taking responsibility. It has always been our objective to do this respectfully. We create long-term prospects and harmonise economic, ecological and socio-political aspects. This is why we give consideration to plant, products and systems that useresources sparingly. Experience it for yourself: GW moves.

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