Think Global, think Portugal

Size: px
Start display at page:

Download "Think Global, think Portugal"

Transcription

1 Think Global, think Portugal 2008

2 CONTENTS 3 About aicep Portugal Global Structure and Services Recent Awards 4 6 About Portugal Portugal Offers Investors Access to Markets Investment Environment Human Resources Backup: Economic Data

3 3

4 About aicep Portugal Global AICEP results from the merger of API (investment) and ICEP (trade) aiming at: The worldwide promotion of Portugal and its companies The better and further integration of services provided to companies and investors The adoption of a focused and sound message on the advantages of Portugal An increase in internal synergies 4

5 Structure and Services Investment Business Opportunities Public Business Entity Flexible, free of charges and streamlined services Dynamic approach focused on the client / investor Coordination of investment projects Investors INCENTIVES Commercial Department Client Management AICEP VENTURE CAPITAL Procedural Department Formalities & procedures Public Entities BUSINESS PARKS Pre-investment Single Point of Contact Incentives Settling in Aftercare.. negotiations Providing information Facilitating contacts Identifying suitable locations Considering workforce requirements, etc Tailoring incentives package (merit) Assisting with formal procedures Providing information for day-to-day business running Facilitating contacts and business procedures Ongoing relationship with investors on all subsequent phases of project execution Ensuring that investment contract obligations are kept 5

6 About aicep: Recent awards WAIPA - World Association of Investment Promotion Agencies THE WAIPA WORLD INVESTMENT CONFERENCE 2007 : ranked 1st in After Care A.T. KEARNEY AND FOREIGN POLICY magazine Globalisation Index Portugal moves 36 positions up in investment attraction 6

7 Available funds for new investments About Portugal Portugal offers Developed infrastructure Networks Stategic location Competitive cost Advantage High skilled workforce Track Record Quality of life investors Business - friendly climate Available area for industrial location 7

8 Access to Markets Portuguese Speaking Countries (inhabitants) (GDP, mln USD) Portugal Market 10,6 Mln 194,790 Iberian Market 51 Mln 1,420,540 European Market Portuguese Speaking Countries 494 Mln 230 Mln 14,609,836 1,030,826 Brazil: one of the BRIC countries Angola: one of the fastest growing economies Macau: gateway to China Source: International Monetary Fund, World Economic Outlook Database, October 2007 / World Economic Outlook Database, October 2007: World & EU. Data for the year

9 Investment Environment Stable democracy with predictable policies, committed to the European Growth and Stability Pact Portugal was one of the first members of the European Union (1986) and in 2002, along with the first group of countries, Portugal adopted the Euro as its national currency Similar regulatory and institutional environment to the heart of Europe Labour law comprises an extensive reform, namely in what concerns adaptability, flexibility and improvement of work organization Lisbon Madrid Free flow of capital and goods within the European Union Distance by air Stockholm London Paris Berlin Rome 1 h 2 h 3 h 4 h 9

10 Investment Environment The country has a diversity of qualified, multilingual workforce and a cost competitive modern telecoms network, combined with cut-rate real estate readily available Technological plan: Mobilizing Portugal for the information society; providing a new strength for company innovation Administrative Simplification Program: improve the efficiency and effectiveness of administrative procedures by easing the regulations on starting a business 10

11 Investment Environment Viana do Castelo Chaves National Logistic Platforms Network: 11 Logistic Platforms Oporto Guarda 2 Major Air Cargo Centres (Porto and Lisbon) Aveiro Figueira Da Foz Lisbon Setúbal Sines Beja Faro Badajoz Train station Airport Port Freeway Site selection criteria: Excellent location served by good infrastructures Good access with several transport options Competitive costs Dimension / Availability of space Specialization Associated services 11

12 Investment Environment Portugal is the 9th most peaceful country in the World The Global Peace Index was the first study to rank countries around the world according to their peacefulness. Factors examined by the authors include levels of violence and organized crime within the country and military expenditure. Rank Country Score Norway New Zealand Denmark Ireland Japan Finland Sweden Canada Portugal Austria Source: Global Peace Index 2007 Economist Intelligence Unit Nations considered the most peaceful have lower index scores 12

13 Investment Environment Friendly population, enviable climate and Europe s lowest criminality rate 10,0 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Portugal Molestation rate Percentage of total population, 2000 or latest available year Japan Italy Poland Belgium Switzerland Assaults and threats France Spain Austria West Germany Netherlands Sexual incidents Sweden England and Wales Safe urban centers and a secure environment Living conditions are renowned: unique climate, extensive choice of leisure & tourism activities and an active foreign community. In 2007, more than twelve million tourists visited Portugal Source: OECD

14 Investment Environment Ranking of Portugal in Starting a Business - Compared to best practice and selected economies. Source: Doing Business World Bank Group 14

15 Investment Environment 15

16 Investment Environment Cisco sets up the primary European sales center in Portugal May 2007 Nokia Siemens Networks plans an optical network lab and network management system June 2007 Our decision comes as recognition of the hospitality and commitment of the Portuguese Government, the multi-lingual capabilities of the local people, and finally their professionalism and proven ability to innovate Nokia Siemens has 5 R&D centers in Portugal with Highly-qualified engineers. In 2007 Nokia Siemens will invest Eur 95 million mn an optical network lab and network management system serving also African countries. Pescanova to build new cultured fish center in Portugal May 2007 Repsol proceeds expansion and modernization of the petrochemical complex March 2006 Pescanova expects to invest Eur 135 mn to build the cultured fish center for the production of 3500 tons /year, where 200 jobs will be directly created. Expansion and modernization of the petrochemical complex in Sines, construction of a polypropylene plant and a linear polyethylene plant, as well as the construction of a unit of co-generation. 16

17 Human Resources Microsoft - Language Development Center "Portugal is a tremendously viable location for software development because the country has creative and highly educated engineers, a history of embracing new technologies and can produce quality at a price that cannot be beaten anywhere in Europe" Nokia Siemens Networks -Labs "Portugal provides one of the best workforces in Europe. It is experienced and can learn and adapt quickly. It is highly productive and yet labour costs are low" Bosh Vulcano-Water heaters "very little difference in the quality of Portuguese and German universities. This means the calibre of graduates available to employers is similar. It is unlikely that this statement could be made by an investor in Prague or Warsaw 17

18 Human Resources Labour costs: Higher value-added and more competitive Portuguese labour force is known by its motivation, adaptability and willingness to work. Despite the raise of the skills of the work force, necessary to shift towards higher value-added and more competitive products, wages continue to competitive Average hourly Labour costs in Euro Source: Eurostat, January 2008

19 Backup: Economic Data * Population (Thousands) 10,570 10,599 GDP at current prices (Millions Eur) 149, , ,315 GDP per capita at current prices 14,098 14,640 Total Exports at current prices (Million Eur) 42,427 48,238 39,469 Total Imports at current prices (Million Eur) 55,330 60,403 47,497 Current-Account Balance (% GDP) Inflation (HICP) % Unemployment Rate Inward FDI Net (Million Eur) 3,188 5,875 4,273 Outward FDI Net (Million Eur) 1,671 2,796 4,970 Corporate Tax Rate % * Accumulated 3rd Quarter Source: Statistics Portugal and Bank of Portugal 19

20 20

The Luxembourg Economy and its Competitive Advantages. Carlo Thelen, Chief Economist of the Chamber of Commerce

The Luxembourg Economy and its Competitive Advantages. Carlo Thelen, Chief Economist of the Chamber of Commerce The Luxembourg Economy and its Competitive Advantages Carlo Thelen, Chief Economist of the Chamber of Commerce 1 Luxembourg - Gateway to Europe Strategic Position Area: 2,586 km² Population: 460,000 Language:

More information

10 reasons to invest in France

10 reasons to invest in France October 2009 10 reasons to invest in France IFA Keys to understanding the new France 2 1 An economy with a global outlook Foreign companies employ over 2.8 million people in France at 23,000 different

More information

Ireland, one of the best places in the world to do business. Q Key Marketplace Messages

Ireland, one of the best places in the world to do business. Q Key Marketplace Messages , one of the best places in the world to do business. Q1 2013 Key Marketplace Messages Why : Companies are attracted to for a variety reasons: Talent Young, flexible, adaptable, mobile workforce. The median

More information

Flanders... your fastest link to the European market

Flanders... your fastest link to the European market Flanders... your fastest link to the European market 12-01 - 010121 Already a strong connection between Flanders and India and growing fast... Diamonds: Antwerp Acquisitions: Belgium in top 3 in Europe

More information

THE AFRICA OPPORTUNITY

THE AFRICA OPPORTUNITY PETER WELBORN THE AFRICA OPPORTUNITY API CONFERENCE 2016 Africa: the growth 1continent AFRICA S POPULATION GROWTH Africa has the fastest population growth of any global region. Africa s population has

More information

Why Smart Investors Choose France

Why Smart Investors Choose France Why Smart Investors Choose France SUMMARY An attractive place to do business At the heart of the world s largest market, the European Union A productive and dynamic workforce Low set-up costs An innovative

More information

Portugal - Basic Data. October 2017

Portugal - Basic Data. October 2017 Portugal - Basic Data October 2017 Index Background 3 Population and language 3 Politics 3 Summary 3 Infrastructure 4 Economy 4 Economic structure 4 Current economic situation and outlook 5 International

More information

Austria the Unknown Neighbour?

Austria the Unknown Neighbour? Austria the Unknown Neighbour? Marion Biber, Director Southern Europe Slovenia, April 2012 ABA-Invest in Austria Folie 2 Surely you know Austria like this Folie 3 but did you also know Production sectors

More information

Switzerland and Germany top the PwC Young Workers Index in developing younger people

Switzerland and Germany top the PwC Young Workers Index in developing younger people Press release Date 9 November 2015 Contact Mihnea Anastasiu Pages 5 Media Relations Manager Tel: +40 21 225 3546 Email: mihnea.anastasiu@ro.pwc.com Switzerland and Germany top the PwC Young Workers Index

More information

Competitiveness: Should we be concerned?

Competitiveness: Should we be concerned? Competitiveness: Should we be concerned? Tourism Policy Workshop, 22 nd November 2014 Dr Don Thornhill, Chairman, National Competitiveness Council Conor Hand, Economist, Strategic Policy Division, DJEI

More information

Stronger growth, but risks loom large

Stronger growth, but risks loom large OECD ECONOMIC OUTLOOK Stronger growth, but risks loom large Ángel Gurría OECD Secretary-General Álvaro S. Pereira OECD Chief Economist ad interim Paris, 3 May Global growth will be around 4% Investment

More information

Overview of Hungary s economy

Overview of Hungary s economy Overview of Hungary s economy Dr. Petra Ponevács-Pana Deputy State Secretary for Investment Promotion Ministry of Foreign Affairs and Trade of Hungary Helsinki, Finland 26th November 2018 Hungary s economic

More information

Business environment

Business environment Business environment A market of 500 million people within the EU Your gate to a market of 500 million customers Hungary Land: 93,030 km² Population: 10 million GDP/capita, at PPP: EUR 14,221/ USD 18,816

More information

Boost competitiveness, attract foreign capital. Italy's Plan for new Investment

Boost competitiveness, attract foreign capital. Italy's Plan for new Investment Boost competitiveness, attract foreign capital Italy's Plan for new Investment intro Economic recovery presents new opportunities to contribute to the country's growth. But investment needs fertile terrain

More information

Portugal: The right place to invest

Portugal: The right place to invest Portugal: The right place to invest Executive Director V Annual Health Cluster Portugal Conference NOVAÊs Rectorate Campolide Campus November 26, 2014 Agenda. 1. Portugal - The choice for investment. I

More information

INVESTINPORTUGAL RIGHT CHOICE. RIGHT TIME.

INVESTINPORTUGAL RIGHT CHOICE. RIGHT TIME. 1 INVESTINPORTUGAL RIGHT CHOICE. RIGHT TIME. 2 INVESTINPORTUGAL RIGHT CHOICE. RIGHT TIME. MIGUEL FRASQUILHO CEO aicep Portugal Global Today, Portugal is an attractive destination for investment, offering

More information

Brussels Springboard for Europe Invest in Brussels

Brussels Springboard for Europe Invest in Brussels Brussels Springboard for Europe Invest in Brussels CETA Free trade agreement CANADA - EU In short: Much more than only taking down tariffs! Ceta s impact > Nafta s impact!! Mutual technical standards recognition

More information

RECORD RECENT TRACK. Strengthens R&D capabilities with new engineering design centre in Porto. Opens a Digital Delivery Hub in Lisbon

RECORD RECENT TRACK. Strengthens R&D capabilities with new engineering design centre in Porto. Opens a Digital Delivery Hub in Lisbon WHY PORTUGAL RECENT TRACK RECORD Strengthens R&D capabilities with new engineering design centre in Porto Opens a Digital Delivery Hub in Lisbon Opens its "Cyber Security Operation Centre in Lisbon Opens

More information

Outlook 2015: Europe & Germany

Outlook 2015: Europe & Germany Part of the M&G Group Outlook 215: Europe & Germany Research presentation 27 th November 214 European Economic Fundamentals Update & Outlook 2 Economic recovery broadening GDP growth by country Q3 214

More information

EMPLOYMENT RATE IN EU-COUNTRIES 2000 Employed/Working age population (15-64 years)

EMPLOYMENT RATE IN EU-COUNTRIES 2000 Employed/Working age population (15-64 years) EMPLOYMENT RATE IN EU-COUNTRIES 2 Employed/Working age population (15-64 years EU-15 Denmark Netherlands Great Britain Sweden Portugal Finland Austria Germany Ireland Luxembourg France Belgium Greece Spain

More information

Talent in Insurance 2015 The Netherlands in Focus. UK Financial Services Insight

Talent in Insurance 2015 The Netherlands in Focus. UK Financial Services Insight Talent in Insurance 2015 The Netherlands in Focus UK Financial Services Insight Report contents The Netherlands in Focus Key findings Macroeconomic and industry context Survey findings 2 Key findings 3

More information

Is the Western Welfare State Still Sustainable?

Is the Western Welfare State Still Sustainable? Is the Western Welfare State Still Sustainable? James Heckman University of Chicago and University College Dublin ILO Institute March 23, 2007 1 / 36 Half a century ago, the free-market economist Friedrich

More information

Economic Performance. Lessons from the past and a guide for the future Björn Rúnar Guðmundson, Director

Economic Performance. Lessons from the past and a guide for the future Björn Rúnar Guðmundson, Director Economic Performance Lessons from the past and a guide for the future Björn Rúnar Guðmundson, Director Analysis of economic performance Capital and labour: The raw ingredients in economic development However,

More information

Service Exports as a New Driver of Israeli Growth July, 2006

Service Exports as a New Driver of Israeli Growth July, 2006 Service Exports as a New Driver of Israeli Growth July, 2006 Israel's external accounts are one of the most stable and reassuring components in the country's economic picture. There is a surplus in the

More information

Burden of Taxation: International Comparisons

Burden of Taxation: International Comparisons Burden of Taxation: International Comparisons Standard Note: SN/EP/3235 Last updated: 15 October 2008 Author: Bryn Morgan Economic Policy & Statistics Section This note presents data comparing the national

More information

Corrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012

Corrigendum. OECD Pensions Outlook 2012 DOI:   ISBN (print) ISBN (PDF) OECD 2012 OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment

More information

PORTUGAL. an investment destination in tourism

PORTUGAL. an investment destination in tourism PORTUGAL an investment destination in tourism PORTUGAL economic outlook Portugal: Key Data Portugal is the most western country of Europe, having been part of the European Union since 1986. Portugal also

More information

PORTUGAL E O CAMINHO PARA O FUTURO: A BANCA E O SEU PAPEL

PORTUGAL E O CAMINHO PARA O FUTURO: A BANCA E O SEU PAPEL XV CONFERÊNCIA A CRISE EUROPEIA E AS REFORMAS NECESSÁRIAS PORTUGAL E O CAMINHO PARA O FUTURO: A BANCA E O SEU PAPEL FERNANDO FARIA DE OLIVEIRA AGENDA European Context: From the Actual Crisis to Growth

More information

Business Investment in the United States

Business Investment in the United States Business Investment in the United States Presenter s Name Presenter s Title Event Name Andrea Rosa Commercial Specialist Referente per SelectUSA in Italia Roadshow/Italy Date October 22-26, 2012 The U.S.

More information

Business Friendly Slovakia. Slovak Ukrainian Forum, Košice April 20-23, 2015

Business Friendly Slovakia. Slovak Ukrainian Forum, Košice April 20-23, 2015 Business Friendly Slovakia Slovak Ukrainian Forum, Košice April 20-23, 2015 CONTENT OF THE PRESENTATION SARIO INTRODUCTION TO SLOVAKIA KEY SECTORS INVESTMENT AID SARIO BUSINESS EVENTS SARIO INVESTMENT

More information

SADC Workshop on Statistics of International Trade in Services. FATS Compilation. Gaborone, Botswana January 2014

SADC Workshop on Statistics of International Trade in Services. FATS Compilation. Gaborone, Botswana January 2014 SADC Workshop on Statistics of International Trade in Services FATS Compilation Gaborone, Botswana 28 31 January 2014 Development of FATS Importance for assessing globalisation / mode 3 BOP trade in services:

More information

Aleksandra Dyba University of Economics in Krakow

Aleksandra Dyba University of Economics in Krakow 61 Aleksandra Dyba University of Economics in Krakow dyba@uek.krakow.pl Abstract Purpose development is nowadays a crucial global challenge. The European aims at building a competitive economy, however,

More information

PENSIONS IN OECD COUNTRIES: INDICATORS AND DEVELOPMENTS

PENSIONS IN OECD COUNTRIES: INDICATORS AND DEVELOPMENTS PENSIONS IN OECD COUNTRIES: INDICATORS AND DEVELOPMENTS Marius Lüske Directorate for Employment, Labour and Social Affairs, OECD Lisbon, 28.09.2018 Marius.LUSKE@oecd.org www.oecd.org/els OUTLINE Talk based

More information

ANNEX 3.A1. Description of indicators and method

ANNEX 3.A1. Description of indicators and method ANNEX 3.A1 Description of indicators and method The first graph for each country the radar graph illustrates the position of the country against the OECD average performance on a set of common indicators.

More information

October MYTHS ABOUT FRANCE

October MYTHS ABOUT FRANCE October 2007 10 MYTHS ABOUT FRANCE Myth N 1:«Once a world power, France is now on the decline.» Reality: World s 6 th largest economic power at the heart of a 493 million strong consumer market in 2006

More information

Canada s Economic Powerhouse

Canada s Economic Powerhouse Introducing Ministry of International Trade & Investment Ontario Eric Hochstein June 2009 Canada s Economic Powerhouse Ontario: A North American hub for global business Diverse, stable economy Skilled,

More information

Market Allocation Platform Guiding investment decisions to maximize ROI. Tourism Economics

Market Allocation Platform Guiding investment decisions to maximize ROI. Tourism Economics Market Allocation Platform Guiding investment decisions to maximize ROI Tourism Economics core services Travel data and forecasts for 190 countries, 50 states, and 300 cities Policy analysis and recommendations

More information

PROPERTY EU EUROPEAN LOGISTICS INVESTMENT BRIEFING

PROPERTY EU EUROPEAN LOGISTICS INVESTMENT BRIEFING PROPERTY EU EUROPEAN LOGISTICS INVESTMENT BRIEFING RICHARD HOLBERTON, SENIOR DIRECTOR, EMEA RESEARCH, CBRE FEBRUARY 19 TH 2015 AGENDA Economy Market Activity Forecasts Issues ECONOMY 2014 Some Alarms and

More information

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 0 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /0 Economic Forecasts for Austria Percentage change over previous year 00 0 0 0 GDP (real)..0

More information

Introduction 283,602,000,000 ( 284 billion ) 71 billion 10.71%

Introduction 283,602,000,000 ( 284 billion ) 71 billion 10.71% Introduction Over the last 4 years (between 2012 to 2015 inclusive) the UK has imported 283,602,000,000 ( 284 billion ) more from the rest of the EU than the UK and NI have exported to the EU resulting

More information

At the heart of Europe: The Luxembourg Economy in a nutshell. Jeannot Erpelding, Director International Affairs, Chamber of Commerce

At the heart of Europe: The Luxembourg Economy in a nutshell. Jeannot Erpelding, Director International Affairs, Chamber of Commerce At the heart of Europe: The Luxembourg Economy in a nutshell Jeannot Erpelding, Director International Affairs, Chamber of Commerce Agenda Luxembourg: Country & Economy snapshot Key sectors 2 Country snapshot

More information

NOTE. for the Interparliamentary Meeting of the Committee on Budgets

NOTE. for the Interparliamentary Meeting of the Committee on Budgets NOTE for the Interparliamentary Meeting of the Committee on Budgets THE ROLE OF THE EU BUDGET TO SUPPORT MEMBER STATES IN ACHIEVING THEIR ECONOMIC OBJECTIVES AS AGREED WITHIN THE FRAMEWORK OF THE EUROPEAN

More information

The Rule of Law as a Factor for Competitiveness

The Rule of Law as a Factor for Competitiveness The Rule of Law as a Factor for Competitiveness Lessons from the Global Competitiveness Index 2008-2009 Irene Mia Director, Senior Economist Global Competitiveness Network, World Economic Forum OECD Workshop

More information

REPUBLIC OF TURKEY PRIME MINISTRY

REPUBLIC OF TURKEY PRIME MINISTRY REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey (ISPAT) Investment Climate and Doing Business in Turkey Murat OZDEMIR Country Advisor Canada ozdemir.murat@invest.gov.tr

More information

HELSINKI TOURISM STATISTICS APRIL 2016

HELSINKI TOURISM STATISTICS APRIL 2016 HELSINKI TOURISM STATISTICS APRIL 2016 Bednights up 14 per cent In April 2016, 247,000 overnight stays were recorded in Helsinki, of which 128,000 were spent by domestic visitors and 119,000 nights by

More information

OECD HEALTH SYSTEM CHARACTERISTICS SURVEY 2012

OECD HEALTH SYSTEM CHARACTERISTICS SURVEY 2012 OECD HEALTH SYSTEM CHARACTERISTICS SURVEY 2012 Emily Hewlett OECD Health Data National Correspondents and Health Accounts Experts Meeting, 17 th October 2013 Health System Characteristics Survey 2012 HSC

More information

Statistical annex. Sources and definitions

Statistical annex. Sources and definitions Statistical annex Sources and definitions Most of the statistics shown in these tables can be found as well in several other (paper or electronic) publications or references, as follows: the annual edition

More information

Executive Summary. The Transatlantic Economy Annual Survey of Jobs, Trade and Investment between the United States and Europe

Executive Summary. The Transatlantic Economy Annual Survey of Jobs, Trade and Investment between the United States and Europe The Transatlantic Economy 2011 Annual Survey of Jobs, Trade and Investment between the United States and Europe Daniel S. Hamilton Daniel S. Hamilton and Joseph P. Quinlan and Joseph P. Quinlan Center

More information

LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014

LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014 CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER

More information

FDI linkages with innovation & technology-related benefits for SMEs

FDI linkages with innovation & technology-related benefits for SMEs FDI linkages with innovation & technology-related benefits for SMEs David Brown Chief Operating Officer WWW.CZECH-INVENT.ORG Beirut June 21 2011 CzechINVENT Mission Not-for profit technology agency established

More information

The macroeconomic effects of a carbon tax in the Netherlands Íde Kearney, 13 th September 2018.

The macroeconomic effects of a carbon tax in the Netherlands Íde Kearney, 13 th September 2018. The macroeconomic effects of a carbon tax in the Netherlands Íde Kearney, th September 08. This note reports estimates of the economic impact of introducing a carbon tax of 50 per ton of CO in the Netherlands.

More information

Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty Allianz Global Corporate & Specialty Company presentation January 2012 Allianz An Introduction Allianz Group is one of the world s leading insurers and financial services providers Founded in 1890 in Berlin,

More information

Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia

Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Diarmaid Smyth, Central Bank of Ireland 18 June 2015 Agenda 1 Background to Irish economic performance 2 Economic

More information

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 00 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /00 Economic Forecasts for Austria Percentage change over previous year 008 009 00 0 GDP (real).0.8..4

More information

Switzerland as a Business Location

Switzerland as a Business Location Switzerland as a Business Location World s most innovative country Strong dual education system Motivated workforce No general strikes for almost 100 years Very high standard of living World s highest

More information

EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea

EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea

More information

Growth in OECD Unit Labour Costs slows to 0.4% in the third quarter of 2016

Growth in OECD Unit Labour Costs slows to 0.4% in the third quarter of 2016 Growth in OECD Unit Labour Costs slows to.4% in the third quarter of 26 Growth in unit labour costs (ULCs) in the OECD area slowed to.4% in the third quarter of 26 (compared with.6% in the previous quarter)

More information

UK Trade in Numbers. February 2019

UK Trade in Numbers. February 2019 UK Trade in Numbers February 2019 Disclaimer The figures used in this pocketbook are the latest at the time of publication. We include figures from monthly and quarterly publications, such as ONS Balance

More information

Slovak Competitiveness: Fundamentals, Indicators and Challenges

Slovak Competitiveness: Fundamentals, Indicators and Challenges Copyright rests with the author Slovak Competitiveness: Fundamentals, Indicators and Challenges Presentation by Mark De Broeck European Department, IMF Seminar Organized by the European Commission November

More information

aid flows 13 flows (USD 000, 2009 constant)

aid flows 13 flows (USD 000, 2009 constant) AIDFORTRADE AT A GLANCE 2011 Basic indicators Population (thousands, ) 1 6 320 GDP (millions current USD, ) 2 5 939 GDP real growth rate (annual %, ) 3 6.4 GDP per capita, PPP (current international dollars,

More information

Swiss Global Finance. Facts and Figures

Swiss Global Finance. Facts and Figures Swiss Global Finance Facts and Figures Latin America Bilateral Economic Relations Switzerland s Main Trading Partners in Latin America Share of Total Goods Exports (in % of total Swiss exports to Latin

More information

Ways to increase employment

Ways to increase employment Ways to increase employment Iceland Luxembourg Spain Canada Italy Norway Denmark Germany Portugal Ireland Japan Belgium Switzerland Austria Slovenia United States New Zealand Finland France Netherlands

More information

Ralentissement dans les BRIC: faut-il s en inquiéter?

Ralentissement dans les BRIC: faut-il s en inquiéter? Ralentissement dans les BRIC: faut-il s en inquiéter? Présentation : Andrea Goldstein, Economiste à l OCDE Mercredi 18 décembre 213, 18 rue de Martignac - 757 Paris The BRICs in the International Investment

More information

The Israeli Economy Strong & Stable, A+

The Israeli Economy Strong & Stable, A+ The Israeli Economy Strong & Stable, A+ But does not leverage its full potential April 23, 2018 Dr. Yacov Sheinin, Dr. Rachel Sheinin Disclaimer This review is intended solely for clients of Economic Models

More information

Can the Eurozone Remain at the Party? Howard Archer Country Intelligence Group Global Insight

Can the Eurozone Remain at the Party? Howard Archer Country Intelligence Group Global Insight Can the Eurozone Remain at the Party? Howard Archer Country Intelligence Group Global Insight Eurozone Growth Robust in First Half 4 (Percent change, q/q, real GDP) 3 2 1 0-1 GDP Dom Demand Cons Inv Govt.

More information

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 2. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 00 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /00 Economic Forecasts for Austria Percentage change over previous year 008 009 00 0 GDP (real)..9..4

More information

AIAS Lunch Seminar. Coding New Zealand Collective Agreements. Steve Blumenfeld CENTRE FOR LABOUR, EMPLOYMENT & WORK. Tuesday 29 March 2016

AIAS Lunch Seminar. Coding New Zealand Collective Agreements. Steve Blumenfeld CENTRE FOR LABOUR, EMPLOYMENT & WORK. Tuesday 29 March 2016 AIAS Lunch Seminar Coding New Zealand Collective Agreements Steve Blumenfeld Tuesday 29 March 2016 Data Collection Methods Our analysis focuses on the share of the labour market covered by CEAs effective

More information

European competitiveness: the role of non-scientific innovation, economic flexibility and adjustment

European competitiveness: the role of non-scientific innovation, economic flexibility and adjustment European competitiveness: the role of non-scientific innovation, economic flexibility and adjustment Kristian Uppenberg Economic and Financial Studies, EIB Presentation at the IRMA Workshop: Dynamics of

More information

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria

No. 1. Key Economic Indicators. Bank Austria Economics & Market Analysis Austria No. 0 Key Economic Indicators Bank Austria Economics & Market Analysis Austria Key Economic Indicators Issue /0 Economic Forecasts for Austria Percentage change over previous year 009 00 0 0 GDP (real).9.9.0.8

More information

Israel through the Global Crisis: Do Innovations Help?

Israel through the Global Crisis: Do Innovations Help? Israel through the Global Crisis: Do Innovations Help? Prof. Zvi Eckstein Dean, School of Economics, IDC Herzliya 24 March 2014 1 Outline The Macro Picture Innovations and Start Ups 2 Growth Rates - Israel,

More information

COPYRIGHTED MATERIAL. Switzerland is a federal republic rooted in a long tradition. It is arguably. Why Switzerland? CHAPTER 1

COPYRIGHTED MATERIAL. Switzerland is a federal republic rooted in a long tradition. It is arguably. Why Switzerland? CHAPTER 1 CHAPTER 1 Why Switzerland? Christian H. Kälin Partner, Henley & Partners, Zurich Switzerland is a federal republic rooted in a long tradition. It is arguably the only country in the world where people

More information

THE ROLE OF POLICY FOR INTEGRATION AND UPGRADING IN GVCS. Deborah Winkler Senior Consultant

THE ROLE OF POLICY FOR INTEGRATION AND UPGRADING IN GVCS. Deborah Winkler Senior Consultant THE ROLE OF POLICY FOR INTEGRATION AND UPGRADING IN GVCS Deborah Winkler Senior Consultant December 1, 2016 STRATEGIC POLICY FRAMEWORK 1 Source: Taglioni and Winkler (2016, 5). SELECTED POLICY OPTIONS

More information

EMPLOYMENT RATE Employed/Working age population (15-64 years)

EMPLOYMENT RATE Employed/Working age population (15-64 years) 1 EMPLOYMENT RATE 1980-2003 Employed/Working age population (15-64 years 80 % Finland (Com 75 70 65 60 EU-15 Finland (Stat. Fin. 55 50 80 82 84 86 88 90 92 94 96 98 00 02 9.9.2002/SAK /TL Source: European

More information

Administrative and support service statistics - NACE Rev. 2

Administrative and support service statistics - NACE Rev. 2 Administrative and support service statistics - NACE Rev. 2 Statistics Explained Data from May 2018 Planned article update: October 2019 This article presents an overview of statistics for the European

More information

Foreign Direct Investment and Ease of Doing Business: Before, During and After the Global Crisis

Foreign Direct Investment and Ease of Doing Business: Before, During and After the Global Crisis Foreign Direct Investment and Ease of Doing Business: Before, During and After the Global Crisis Nihal Bayraktar Pennsylvania State University Harrisburg June 27, 2011 Introduction FDI has been seen as

More information

Key Figures FIND OUT MORE ABOUT THE KEY FIGURES OF THE LUXEMBOURG FINANCIAL CENTRE PRIVATE BANKING RETAIL BANKING BANKS EMPLOYMENT

Key Figures FIND OUT MORE ABOUT THE KEY FIGURES OF THE LUXEMBOURG FINANCIAL CENTRE PRIVATE BANKING RETAIL BANKING BANKS EMPLOYMENT Key Figures FIND OUT MORE ABOUT THE KEY FIGURES OF THE LUXEMBOURG FINANCIAL CENTRE PRIVATE BANKING BANKS RETAIL BANKING EMPLOYMENT DIGITAL BANKING & FINTECH WHO WE ARE Established in 1939, the Luxembourg

More information

Challenges for Today s Short-Term Assignments

Challenges for Today s Short-Term Assignments Point of view Challenges for Today s Short-Term Assignments Consulting. Outsourcing. Investments. Why is there an increasing trend for short-term assignments? What are the current challenges? How do companies

More information

OECD Report Shows Tax Burdens Falling in Many OECD Countries

OECD Report Shows Tax Burdens Falling in Many OECD Countries OECD Centres Germany Berlin (49-30) 288 8353 Japan Tokyo (81-3) 5532-0021 Mexico Mexico (52-55) 5281 3810 United States Washington (1-202) 785 6323 AUSTRALIA AUSTRIA BELGIUM CANADA CZECH REPUBLIC DENMARK

More information

HELSINKI TOURISM STATISTICS June 2016

HELSINKI TOURISM STATISTICS June 2016 HELSINKI TOURISM STATISTICS June 2016 Bednights up 5 per cent In June 2016, 353,000 overnight stays were recorded in Helsinki, of which 13,000 were spent by domestic visitors and 215,000 nights by foreign

More information

The Global Financial Crisis and the Return of the Nordic Model?

The Global Financial Crisis and the Return of the Nordic Model? The Global Financial Crisis and the Return of the Nordic Model? Lars Calmfors Embassy of Denmark and the Swedish Institute of International Affairs 18 November Topics 1. The global economic crisis 2. Globalisation

More information

DETERMINANT FACTORS OF FDI IN DEVELOPED AND DEVELOPING COUNTRIES IN THE E.U.

DETERMINANT FACTORS OF FDI IN DEVELOPED AND DEVELOPING COUNTRIES IN THE E.U. Diana D. COCONOIU Bucharest University of Economic Studies, Dimitrie Cantemir Christian University, DETERMINANT FACTORS OF FDI IN DEVELOPED AND DEVELOPING COUNTRIES IN THE E.U. Statistical analysis Keywords

More information

MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK

MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK www.uk.mercer.com/smartdb MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK Mercer SmartDB TM is a groundbreaking new solution

More information

C W S S u m m i t. Dambisa Moyo 16 May 2012 London

C W S S u m m i t. Dambisa Moyo 16 May 2012 London 2 0 1 2 C W S S u m m i t Dambisa Moyo 16 May 2012 London Table of Contents I Global Labour Market Picture II Six Labour Market Drivers III The Challenges Ahead 2 Global unemployment (millions) Unemployment

More information

3 Labour Costs. Cost of Employing Labour Across Advanced EU Economies (EU15) Indicator 3.1a

3 Labour Costs. Cost of Employing Labour Across Advanced EU Economies (EU15) Indicator 3.1a 3 Labour Costs Indicator 3.1a Indicator 3.1b Indicator 3.1c Indicator 3.2a Indicator 3.2b Indicator 3.3 Indicator 3.4 Cost of Employing Labour Across Advanced EU Economies (EU15) Cost of Employing Labour

More information

Financial wealth of private households worldwide

Financial wealth of private households worldwide Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate

More information

Eurozone. EY Eurozone Forecast March 2015

Eurozone. EY Eurozone Forecast March 2015 Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Netherlands Portugal Slovakia Slovenia Spain Outlook for

More information

LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE

LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE 7. FINANCES OF RETIREMENT-INCOME SYSTEMS LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE Key results Public spending on pensions has been on the rise in most OECD countries for the past decades, as

More information

European Semester Country Report for Greece

European Semester Country Report for Greece European Semester Country Report for Greece European commission IOBE conference: Integrating Greece into the European Semester Policy Framework: Priorities for sustainable growth and competitiveness Wednesday,

More information

3 Labour Costs. Cost of Employing Labour Across Advanced EU Economies (EU15) Indicator 3.1a

3 Labour Costs. Cost of Employing Labour Across Advanced EU Economies (EU15) Indicator 3.1a 3 Labour Costs Indicator 3.1a Indicator 3.1b Indicator 3.1c Indicator 3.2a Indicator 3.2b Indicator 3.3 Indicator 3.4 Cost of Employing Labour Across Advanced EU Economies (EU15) Cost of Employing Labour

More information

Challenges for tomorrow: the Greek economy and the health care sector

Challenges for tomorrow: the Greek economy and the health care sector 1 Challenges for tomorrow: the Greek economy and the health care sector Nikos Vettas Professor, Athens University of Economics and Business General Director of IOBE www.iobe.gr vettas@iobe.gr, http://www.aueb.gr/users/vettas

More information

Summary of key findings

Summary of key findings 1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is

More information

SRI and performance of bond funds

SRI and performance of bond funds SRI and performance of bond funds Do extra-financial ratings affect sovereign borrowing cost? Rim Oueghlissi, 1 Patricia Crifo, 2 Marc-Arthur Diaye 3 Chaire FDIR Paris, 12 December 2013 1 Phd Student,

More information

PREZENTĀCIJAS NOSAUKUMS

PREZENTĀCIJAS NOSAUKUMS Which Structural Reforms Matter for economic growth: PREZENTĀCIJAS NOSAUKUMS Evidence from Bayesian Model Averaging Olegs Krasnopjorovs (Latvijas Banka) 2 nd Lisbon Conference on Structural Reforms 06.07.2017

More information

Turkey s Saving Deficit Issue From an Institutional Perspective

Turkey s Saving Deficit Issue From an Institutional Perspective Turkey s Saving Deficit Issue From an Institutional Perspective Engin KURUN, Ph.D CEO, Ziraat Asset Management Oct. 25th, 2011 - Istanbul 1 PRESENTATION Household and Institutional Savings Institutional

More information

Trade and Development Board Sixty-first session. Geneva, September 2014

Trade and Development Board Sixty-first session. Geneva, September 2014 UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Trade and Development Board Sixty-first session Geneva, 15 26 September 2014 Item 3: High-level segment Tackling inequality through trade and development:

More information

ECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS

ECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS ECFIN-C3 (2009) PART 1 MAIN DEVELOPMENTS Methodological note Since the issue for the second quarter of 2004, nominal and real effective exchange rates presented in this report are calculated based on a

More information

Lithuania: in a wind of change. Robertas Dargis President of the Lithuanian Confederation of Industrialists

Lithuania: in a wind of change. Robertas Dargis President of the Lithuanian Confederation of Industrialists Lithuania: in a wind of change Robertas Dargis President of the Lithuanian Confederation of Industrialists 2017 06 15 Lithuanian Confederation of Industrialists - the largest business organisation in Lithuania

More information

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018 Turkey: Recent Developments and Future Prospects ISBANK Economic Research Division October 2018 Macroeconomic Outlook Strong Economic Growth Cycle GDP of 851 bn USD (2017), 10.6k USD (2017) per capita

More information

International Statistical Release

International Statistical Release International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). wide Regulated Open-ended Fund Assets and Flows Trends

More information

Outlook Overview: OECD Countries UN LINK Conference, Bangkok October, 2009

Outlook Overview: OECD Countries UN LINK Conference, Bangkok October, 2009 Outlook Overview: OECD Countries UN LINK Conference, Bangkok 26 28 October, 2009 Dave Turner OECD, Economics Department OECD Outlook: Outline 1. Recovery underway but will probably be slow 2. Risks and

More information