The British Chambers of Commerce (BCC)
in the UK are pleased to introdu
LOUCAS LAND DEVELOPERS
With Us Your Dreams Come True! Ll LOUCAS LAND
DEVELOPERS LTD
Established in 1993 we are currently undertaking projectGROWING WORLDWIDE
Guide to
SOUTHERN & WESTERN
EUROPEAN MARKETS
2009
CONTENTS
The British Chambers of Commerce
4 Westwood House
Westwood Business Park
Coventry CV4 8HS
Email: info@britishchambers.org.uk
Tel: 024 7669 4484
Fax:
2FOREWORD
THE ULTIMATE BUSINESS NETWORK
John Dunsmure
The British Chambers of Commerce (BCC)
in the UK are pleased to introdu
LOUCAS LAND DEVELOPERS With Us Your Dreams Come True! Ll LOUCAS LAND DEVELOPERS LTD Established in 1993 we are currently undertaking project
SOUTHERN EUROPE: A REGIONAL OVERVIEW
A MO
RE INTEGRATED REGION
Following a long period of economic
expansion, growth in Europe has started to
moderate with a significant slowdown
bec
SOUTHERN EUROPE
ALBANIA
Official Name: Republic of Albania
Capital: Tirana
Area: 28,748 sq km
Population: 3,619,778 (July 2008 est.)
Major languages: Albanian, Greek, Vlach,
Romani,
ALBANIA The main advantages of investing in Albania in the garments sector are: ? An available labour force across the country with experience in the sector ? Direct and total labo
ADVOKATSLA FIRMA SA Commercial Law Company Registration Real Estate Commercial Law Due diligence Capital Markets WE KNOW THAT CLIENTS NEED THE BES
SOUTHERN EUROPE
BOSNIA & HERZEGOVINA
Official Name: Bosnia and Herzegovina
Capital: Sarajevo
Area: 51,209.2 sq km
Population: 4,590,310 (July 2008 est.)
Major languages: Bosnian, Croat
BOSNIA & HERZEGOVINA recovery has also been impressive, as has the sustainment of social stability. Bosnia and Herzegovina is still regarded as an economy in the midst of transition. The country
SOUTHERN EUROPE
CROATIA
Official Name: Republic of Croatia
Capital: Zagreb
Area: 56,542 sq km
Population: 4,491,543 (July 2008 est.)
Major languages: Croatian, Serbian
GDP (purchasi
CROATIA EU ACCESSION TALKS AND THE PROSPECT OF NATO MEMBERSHIP HAVE SEEN AN INCREASE IN THE LEVELS OF FOREIGN INVESTMENT FLOWING INTO CROATIA.
SOUTHERN EUROPE
CYPRUS
George Argyris
KEY FACTS
Official Name: Republic of Cyprus
Capital: Nicosia (Lefkosia)
Area: 9,250 sq km
Population: 791,800 (2008
CYPRUS ? Dividends paid by a Cypriot company to a company overseas are exempt from deduction of tax at source. ? 20 per cent of remuneration from any employment exercise
Hilton Athens is not just a hotel. It's a legacy in Athens. Consider the fact that a whole area is named after the Hilton and you'll start to understand the immense name this hotel has had the past 4
SOUTHERN EUROPE
Greece is an important partner for Britain
in many ways, including trade a
GREECE telecommunications markets in particular offering up opportunities. The Government has made it policy to encourage private foreign investment and as a rule investments will only be screened
SOUTHERN EUROPE
ITALY
KEY FACTS Italy is the eighth largest industrialised
nation
ITALY CONTACTS UK Trade & Investment Kingsgate House 66-74 Victoria Street London SW1E 6SW Tel: 020 7215 8000 Email: enquiries@uktradeinvest.gov.uk Web: www.uktradeinvest.gov.uk British Consul
SOUTHERN EUROPE
KOSOVO
Welcome to the Kosovo section of the
British Chamber of Commerce Guide to
Southern and Western European Markets.
T
KOSOVO Bridge in Kosovo
SOUTHERN EUROPE
MACEDONIA
KEY FACTS Macedonia is strategically located at the
cro
MACEDONIA Ohrid city view TRADE BETWEEN THE UK AND MACEDONIA REACHED A RECORD LEVEL IN 2007. CONTACTS UK Trade & Investment Kingsgat
SOUTHERN EUROPE
MALTA
KEY FACTS Malta benefits from a higher standard of
living t
MALTA Valetta, Capital of Malta CONTACTS UK Trade & Investment Kingsgate House 66-74 Victoria Street London SW1E 6SW Tel: 020 7215 4961 Email: and
SOUTHERN EUROPE
MONTENEGRO
Since its independence in 2006,
Montenegro has emerged to be
MONTENEGRO Podgorica, Montenegro investment and looks set to continue in the medium term despite some concerns about overheating. Almost 85 per cent of capital value companies have been privatised,
SOUTHERN EUROPE
PORTUGAL
KEY FACTS Portugal became a member of the
European Union
PORTUGAL FOR INVESTMENT CREATING EMPLOYMENT OF YOUNG EMPLOYEES, AGED UNDER 30 YEARS, THERE IS AN INCREASED SALARY TAX DEDUCTION FOR CORPORATE TAX PURPOSE
34SOUTHERN EUROPE
SERBIA
KEY FACTS Serbia has an abundance of natural and
mineral r
Spasic & Partners o.d. Belgrade Attorneys at Law Spasic & Partners are a team of 12 Attorneys at Law headed by Darko Spasic. Spasic & Partners are qualified and specialised in providing legal ser
SERBIA Belgrade Water barrier dam, Lake Perucac SERBIA OFFERS ATTRACTIVE OPPORTUNITIES FOR UK COMPANIE
Our services: ? transport of goods by company-owned vehicles
SOUTHERN EUROPE
SLOVENIA
KEY FACTS Slovenia is a high-income country and is
consi
SLOVENIA Main Industries Ferrous metallurgy and aluminium products, lead and zinc smelting, electronics (including military electronics), trucks, automobiles, electric power equipment, wood produc
SOUTHERN EUROPE
SPAIN THE SPANISH GOVERNMENT IS COMMITTED TO OPENING UP THE
SPANISH MARKET AND HAS EMBARKED ON AN EXTENSIVE
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SPAIN La Pedrera, Barcelona Photo courtesy of Lee Masheder Legal Services All of the major UK law firms are now practising in Spain, whether directly as o
SOUTHERN EUROPE
TURKEY
Turkey and the UK have an excellent
relationship at many level
46 TURKEY expanding rapidly; however, the state maintains a major role in basic industry, banking, transport and communications. The largest segment of industry is textiles and clothing, which provi
The Law Office of Nurdeniz Tunçer & Alpaslan Gönülta?i Legal Services for Companies and Individuals Whatever your legal needs we provide a one-stop shop soluti
WESTERN EUROPE: REGIONAL OVERVIEW
REFORMS NEEDED TO MAKE REGIONAL
ECONOMIES MORE COMPETITIVE
Western Europe is home to some of the
largest and most prosperous countries in
the world.
WESTERN EUROPE
AUSTRIA
Official Name: Republic of Austria
Capital: Vienna
Area: 83,870 sq km
Population: 8,205,533 (July 2008 est.)
Major languages: German, Turkish,
Serbian, Croati
AUSTRIA UNO City in Vienna, the third largest United Nations Office complex in the world operators have opted to adopt the "carrier network op
52WESTERN EUROPE
BELGIUM
KEY FACTS Belgium has a highly developed market
economy an
BELGIUM European Parliament building in Brussels less than three per cent of the European population, it has approximately 140 biote
56WESTERN EUROPE
FRANCE IFaremncdhelsigehctieodntofwtheilscoBmriteisyhouChtoamthbeers of Frparnocpeohrtaiosnaosfmfoarleleigrnibnuvet stmillecnotnssiindethraeble
FRANCE CONTACTS UK Trade & Investment Kingsgate House 66-74 Victoria Street, London SW1E 6SW Tel: 020 7215 8000 Email: commercialenquiries.paris@fco.gov.uk Web: www.uktradeinvest.gov.uk British
WESTERN EUROPE
GERMANY
KEY FACTS
Official Name:
Federal Republic of Germany
Capital: Berlin
Area: 357,021 sq km
Population: 82,369,552 (July 2008 est.)
Major languages: German
GDP (
GERMANY CONTACTS UK Trade & Investment Kingsgate House 66-74 Victoria Street, London SW1E 6SW Tel: 020 7215 8000 Web: www.uktradeinvest.gov.uk UK Trade & Investment The Central Co-ordination Un
WESTERN EUROPE
LUXEMBOURG
Economy
Luxembourg has expe
Leaders in Specialist Media > Full Publishing Services Print and On Line > Advertising and Sponsorship Sales > Website and Web TV Development > Event Management > Media Planning and Buying > Des
LUXEMBOURG Views of Luxembourg LUXEMBOURG HAS A FAVOURABLE FOREIGN INVESTMENT CLIMATE AND SUCCESSIVE GOVERNMENTS HAVE MADE EFFORTS TO ATTRACT NEW INVE
64WESTERN EUROPE
THE NETHERLANDS
KEY FACTS The Netherlands is a prosperous, dynamic
THE NETHERLANDS CONTACTS UK Trade and Investment 66-74 Kingsgate House Victoria Street London SW1E 6SW Tel: 0207 215 8000 Web: www.uktradeinvest.gov.uk British Embassy The Hague Lange Voorhout 1
AISR is an IB World School The American International School of Rotterdam (AISR) provides international education to students from the age of thre
THE NETHERLANDS Freight ship under loading in the Port of Rotterdam THE NETHERLANDS IS THE FIFTH LARGEST EXPORT MARKET FOR THE
WESTERN EUROPE
SWITZERLAND
Official Name: Swiss Confederation
Capital: Bern
Area: 41,290 sq km
Population: 7,581,520 (July 2008 est.)
Major languages: German, French, Italian,
Serbo
SWITZERLAND The Swiss Government remains divided over the issue of EU membership and the idea is likely to be shelved for a number of years. Instead the Government has volunteered to sign a frame
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HAXHIA HTRAJADJAR&I ATTORNEYS AT LAW HAXHIA & HAJDARI Attorneys at Law, founded in 1992, has been a constant factor in the Albanian Legal Market. Founded on the basis of the enterprise of t
Zmags improved online publishingBCC Guide to Southern & Western European Markets 2009
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