Singing the praises of Viennese business
When the Vienna Opera Ball starts, public attention turns automatically to Richard Lugner. The press has been trying to guess who will be his guest of honour each year since 1991. Lugner himself is above all else a successful businessman and as such finds himself in prominent company with the likes of Dietrich Mateschitz or Niki Lauda. And that is just the start of the list.
Where politics meet economics
Belgium is one of the founding countries of the European Union, and its capital Brussels is home to numerous political bodies of the EU. Economically speaking, Belgium is experiencing a phase of moderate growth. Experts expect an increase in the real gross domestic product of 1.3% for the current year. Its most important trading partners include Germany, the Netherlands and France.
Gem of the Adriatic Sea
Services constitute Croatia’s most important economic sector. This sector accounts for about 70% of the gross domestic product of roughly 43 billion EUR. Tourism is especially important. The food industry leads the way in the processing sector.
Stronghold of industries
The Czech Republic has found itself on a growth curve in recent years. The country in the heart of Europe expects continued increases at a rate of over 2%. Industry, in particular the automotive industry, is an economic heavyweight. Interesting fact: At 4%, the Czech Republic could boast the lowest unemployment rate within the EU in the second quarter of 2016.
Expertise guarantees success
Denmark may not be part of the Eurozone, but it is closely connected economically to the economic zone. About one third of the gross domestic product is generated through exports. The country is shaped especially by its internationally known medium-sized industrial and service companies.
French savoir-faire in economy
France is the second largest industrial country in Europe and ranks Number 6 among national economies worldwide. The country offers a very broad and diversified economy. France is renowned for several sectors: Service/tourism, energy, automotive, aviation, among others. Experts predict a growth of the economy by 1.5% in 2017.
At the heart of Europe
In terms of gross domestic product, Germany is regarded as the largest national economy in Europe. By global comparison, the automotive, commercial vehicle, electrotechnical, mechanical engineering and chemical sectors are among the most important business sectors of industry. The latest forecasts predict moderate growth of 1.7% for the current year.
More than Lake Balaton and Budapest
When we think of Hungary, it is above all destinations such as Lake Balaton and the capital Budapest that come to mind. However, Austria’s neighbour is not just a Mecca for tourists but an economic powerhouse in the heart of Europe. Evidence of its importance can be found in the close economic ties between Hungary and Germany. Providing the driving force behind these are locally based companies.
The relationship between Italy and Germany is a close and friendly one, so long as their national teams are not playing against each other. Besides sport, there are also strong cultural and economic ties. Germany is Italy‘s most important trading partner for both imports and exports. In return, the southern European nation is the fifth largest importer of goods to Germany.
Traditional global player
The Netherlands is traditionally interwoven into international economy and is considered a logistic hub, with Rotterdam offering the largest harbour in Europe. In addition, the Netherlands is the second-largest agricultural exporter worldwide after the USA. Its current economic growth is well over 1%.
Constantly on the rise
Poland can boast significant economic growth of over 3% in recent years, with the service sector accounting for 63% of GDP, followed by industry at 34%. The country’s biggest trading partner is Germany with 27% of Polish exports and 23% of Polish imports.
Stability in Europe’s north
The Scandinavian economic area comprises Denmark, Norway, Sweden and Finland. GDP growth in all four countries has been strong in recent years. In the current year, experts expect growth of 1.1% (Finland) to 2.6% (Sweden). Norway still profits from its oil and gas reserves. All of these countries cultivate intensive business relationships with the rest of Europe but the only one to adopt the euro is Finland which joined the Eurozone in 1999.
What do Victorinox, Ricola and Rolex all have in common? They are all Swiss inventions! As such they have not just sealed Switzerland’s reputation for innovation but also as a manufacturer of high-quality products for the world market. By the way, Switzerland’s most important trading partner is Germany. Good enough reason to present companies from the Alpine republic.
Most people know the name Airbus from its commercial airplanes, but Airbus Defence and Space is another division within Airbus whose ‘Intelligence’ business cluster offers a comprehensive range of geospatial data and services and provides some of the world’s professional grade imagery. The intelligence unit operates out of its 18 offices across ten countries on five continents and a headquarter located in Toulouse, France.
In this issue: Hatteland – Increase efficiency, increase performance / Vattenfall Eldistribution AB – Superior electricity service in Sweden / Volvo Entreprenørmaskiner A/S – Equipment for every construction project / Pilgrim Export Aps – Made by hand from the heart
To read an article from the print version of the magazine online, please enter the webcode at the bottom of the page in the box below.