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During their talks, Russian President Vladimir Putin, Austrian President Heinz Fischer, and Austrian Federal Chancellor Alfred Gusenbauer paid increased attention to economic and investment cooperation between Russia and Austria as well as the implementation of promising joint projects in energy, machine building, metallurgy and transportation. They discussed further developing contacts between Austria and various Russian regions as well as cooperation in the banking sector and in various infrastructure projects.

Several documents were signed between Russian and Austrian banks during the Russian President’s visit to Austria. A number of Russian regions signed either agreements or contracts with Austrian companies. Numerous agreements and contracts were signed within the Russian-Austrian business forum in Vienna that was held during Vladimir Putin’s visit. Among these agreements the Russian head of state emphasised a memorandum of understanding that was signed between Gazprom and OMV AG, an Austrian gas company, on extending cooperation in gas distribution by implementing joint projects in central Europe. Vladimir Putin described this document as a good foundation for even closer cooperation between Gazprom and Austrian companies.