kompany: Lack of International Business Information Chokes International Business Climate 2013

MÜNSTER, Germany & VIENNA--(BUSINESS WIRE)--The Euro Crisis is not the only barrier for international business: A new survey conducted by company information service kompany [https://www.kompany.com/] and pr://ip – Primus Inter Pares [http://www.pr-ip.de/] unveils that the lack of information about potential business partners has a much bigger negative impact on the international business climate in 2013. The Euro Crisis however does not affect the companies’ mood as negatively as is often suspected.

“Frictions occur quickly during business in foreign countries. Questions easily solved at home suddenly impose large obstacles abroad. The language barrier is also a big problem. For many countries this means: the lack of information throws a spanner in the works of international trade.“”

Details:

40 percent of the respondents state to feel secure.
A quarter of the respondents feel moderately or totally insecure with conducting international business.
More than half of the unsettled interviewees (59 percent) complain about too little information about potential international business partners.
Nearly two thirds of all companies (63 percent) attribute a larger role to international trade in 2013 than in the year before.
Stunning: A total of 94 percent of enterprises with 11 to 50 employees are planning an extension of their international business activities this year.

This assessment of current opinions and trends is the result of a survey among 140 entrepreneurs by the international online company information service kompany and the PR-agency pr://ip – Primus Inter Pares. Read the full report here [https://www.kompany.com/pr/euro-crisis-as-if-the-lack-of-international-business-information-chokes-international-business-climate/]. Statistics & Graphs: http://bit.ly/info_lack_gfx

Bernhard Hoetzl [https://www.kompany.com/pr/team/bernhard-hoetzl/], founder and Co-CEO at kompany: “Frictions occur quickly during business in foreign countries. Questions easily solved at home suddenly impose large obstacles abroad. The language barrier is also a big problem. For many countries this means: the lack of information throws a spanner in the works of international trade.“

About kompany

kompany was founded in February 2012 by Russell E. Perry, Bernhard Hoetzl, Peter Bainbridge-Clayton and Iris Pittl to provide easy and instant access to international business background information for SMEs and business professionals around the globe.

The start-up is headquartered in Vienna, Austria, where an experienced team of 15 industry professionals is involved in the development of the technology and business behind kompany. The founders and start-up team have been working together in several companies in Europe, South Africa and the US during the past 10+ years, establishing a successful track record in the digital media space.