Business Facilities - October 2008 - (Page 21)

Please send me comprehensive info pean average. Last year, only Luxembourg, Ireland, and the Netherlands had higher GDPs than Austria within the European Union. Austria’s average per capita income (US$38,631) is among the highest in the EU, while its unemployment rate of 4.1% (as of May 2008) is quite low. By comparison, Slovakia’s and Spain’s unemployment rates are twice as high as Austria’s, while the jobless in France, Germany, Greece, Hungary, Poland, and Portugal has swelled to more than 7%, according to the International Monetary Fund. Austria offers a diverse industrial base, as well as modern financial networks, transportation links, and commercial facilities. While Austria now faces stern competition from its eastern neighbors (and fellow EU members) for foreign investment dollars, its economy also has profited enormously from its proximity to the booming markets of Central and Eastern Europe. Approximately 370 U.S. firms have subsidiaries, affiliates, franchisees, or licensees in Austria; about 150 of these have regional responsibilities for Central European, Eastern European, or Balkan countries, a number that underlines Austria’s geographical link to emerging markets. Since Austria has a small domestic market, exportation is a crucial component of its economic success. Some of the most important Austrian exports are automotive components, food and drink, steel and iron products, paper and cardboard, and pharmaceutical products. In 2006, Austria exported US$8.5 billion worth of goods to the United States (and imported US$4.8 billion worth of goods from the United States). Thus far, the recent devaluation of ABA – Invest in Austria is the investment promotion agency of the Republic of Austria – a consulting firm whose services are available to you free of charge. ABA – Invest in Austria 120 West 45th Street, 9th Floor New York, NY 10036 Tel.: 1-212-398-1221 Email: office-usa@aba.gv.at on Austria as a business destination. Please contact me. Name Company Position Address Postal code / City Phone Internet Email Snip! Cut! Tax! The rundown on business taxation in Austria starts and ends with a single figure: 25%. Our simple, single twenty-five percent corporate tax rate, that is. In contrast, the list of tax breaks and ways to reduce your tax burden – including research incentives and Europe’s most favourable group taxation provisions – is very long. ABA – Invest in Austria will be delighted to introduce you to the full range of opportunities to cut your tax burden. Up-to-date information not only on taxes but also on all the other benefits that make for one of the world’s warmest and friendliest business climates can be found at: www. business-friendly.at. [Or just snip out the coupon we‘ll take care of the rest.] #5329 at www.BusinessFacilities.com BUSINESS FACILITIES 21 http://www.business-friendly.at http://www.business-friendly.at http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - October 2008

Business Facilities - October 2008 Contents First Word Snapshots Metro Spotlight: Phoenix, AZ Essential Relocation Tips Metro Spotlight: Fayette County, GA Corporate Moves: Kentucky Austria: Hungry for International Trade Foreign Trade Zones: Global Expansion at Reduced Cost New York is Banking on High-Tech Growth Metro Spotlight: Cuba, MO The Garden State is Growing it's City Centers Information Technology: No Signs of a Slowdown Advertiser Index Inside LiveExchange

Business Facilities - October 2008

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