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Virtual Competence Center gains biotech
Virtual Competence Center Links Tyrol and Vienna Austria’s world-class biotech sector is gaining yet an-other asset: the Austrian Center of Biopharmaceutical Technology (ACBT), a joint venture among Boeh-ringer Ingelheim, Biochemie Kundl (Novartis) and the Vienna-based gene technology company Polymun, as well as institutes from the University of Innsbruck and the University of Agricultural Sciences in Vienna. This “virtual center of competence,” funded with start-up capital of 7.8 million euros, will focus on optimizing biotechnology production processes. The Center’s goal is to achieve a substantial increasing in the efficiency of biopharmaceutical development pro-cesses in order to accelerate the achievement of opti-mized production procedures
source: Austrian Business Agency, Vienna,
Austrian trade surplus 2002
Austria expects trade surplus in 2002 – first ever since the end of the war
For the first time in postwar history, Austria looks forward to a balanced trade account or even a surplus this year. Good news though this is in overall national economic terms, the background is less happy: a marked decline in imports due to weak growth. By contrast, Austria’s exports have been holding up comparatively well. They expanded by 2.3% in the first six months, and the Austrian Economic Chamber expects to see their growth rates rise to up to 4% by the end of the year. “Big crises such as a war in Iraq or a drastic rise in oil prices are not included in this projection, though,” the Austrian Economic Chamber’s President, Christoph Leitl, warned in a press briefing. Leitl said he was especially worried about Germany, which buys about one-third of Austria’s exports. In the first half of 2002, Austria exported about 2% less to Germany than in the same period the year before. However, Austrian companies were able to offset this by stepping up their exports, especially of high-grade goods, to other EU countries (among others, Italy). Much improved in the first half was Austria’s trade balance with East and Central European countries, where nearly 16% of Austria’s exports go, said Leitl. “As regards export growth rates, we were third in the first half, nd by the end of the year we want to catch up with the EU’s leaders [Ireland and Denmark with 4% each. Editor's note],” Leitl stated. By the end of 2002, the Economic Chamber expects this country’s export volume to reach €77.2 billion. According to present projections, imports should drop by about 4% to €75.5 billion. In 2001, exports worth €74.3 billion were outbalanced by imports worth €78.7 billion. The export growth rate was 6.5%.
source: Federal Chancellery, Federal Press Service
for further info please send an e-mail to the Austrian Trade Commission in Los Angeles
Juluis Meinl enters US coffe Market
Julius Meinl enters US Market
Vienna, Austria- The Julius Meinl Group, Austria’s premier coffee, tea, and fine preserves merchant, announced today it will formally enter the U.S. market.
Meinl has been producing Vienna’s finest coffees since 1862 . Because we use only the best, most flavorful beans, Meinl coffees are renowned throughout the world for their rich aromas and distinctive blends.
With ten exclusive blends, available in both ground and whole bean varieties, Meinl coffees are available for individual household use as well as restaurants and hotels. King Hadhramaut blend, named for the ancient center of the world coffee trade, is made from the finest Ethiopian and Kenyan highland coffees which give this coffee its imperial aroma and fruity, full bodied taste. Weiner Melange is known as the historic coffee-house coffee of Vienna. Meinl’s espresso blends, including Grande Espresso and Wiener Espresso, seduce with exotic flavors and rich ‘crema.’
Meinl’s teas, including classic Earl Grey, Darjeeling, Ceylon and Assam, are joined by new fruit blends that surprise and delight.
Meinl’s fruit teas, which include wild strawberry, wild cherry, wild blueberry and mixed fruit make delicious hot or iced tea drinks adults and children alike will love. Green tea is offered in its classic flavor as well as lemon, peach, and jasmine.
To compliment its beverage lines, Meinl offers a wide variety of fruit preserves, elegantly packaged. Flavors include cherry, apricot, plum, strawberry, and blackberry.
Corruption index
Corruption Index: Score “highly clean”- Austria Ranks 15 among 102 Nations
The latest Corruption Perceptions Index released by Trans-parency International (TI) ranks Austria an outstanding 15th among 102 nations. Scores range from “highly clean” to “highly corrupt,” with Finland, Denmark and New Zealand ranking at the top of the scale. The U.S. takes 16th place and Germany 18th. At the bottom are Paraguay, Nigeria and Bangladesh. The Corruption Perceptions Index is published annually and is based on the perceptions of the business community, government institutions and professional risk analysts. source: Austrian Business Agency, Vienna,
e-mail: office@aba.gv.at
German Bakery
Located in Downtown Salt Lake City, UT
Established 1997, Great Reputation for Quality and Service
German Style Breads, Rolls and Pastries
8 Employees, some part-time
Annual Gross Sales 2002: $ 580,000
Net Profit 2002: $ 175,000
Many Expansion Possibilities
Asking Price : $ 580,000
Building is not included
No term financing
seriously interested please contact:
bakeryforsale@vosen.com
A Leading Business Destination
A Leading Business Destination
World Competitiveness Yearbook Ranks Austria 13th Most Attractive Location
The news is in! Austria has achieved 13th place in the World Competitiveness Yearbook’s ranking of the most attractive business locations – gaining one place since last year and leaping from 24th place in 1998.
World Leader Austria achieved top rankings in the 2002 Yearbook in a number of key areas:
First Place (#1 in the world):
Energy infrastructure, integration in regional trade groupings, security of persons and property, quality of life, healthcare infrastructure, environmental issues (no serious risk to national infrastructure), and harrassment and violence (do not pose a serious problem in the workplace).
Second Place:
Worker motivation, youth unemployment, access to foreign capital, competition law, and export credit and insurance.
Bronze:
Availability of qualified workers, educational system (fulfills the needs of business), labor relations, patent and copyright protection, access to domestic capital markets for foreign companies, and management of public finances.
Top Scores on Key Site Selection Criteria
According to the new Yearbook, Austria scores highly among international investors on two of the three most important site-selection criteria. A 2000 Deloitte Touche Fantus study on key site-selection criteria indicated that the availability of qualified workers was the most important factor, with quality of life ranked third. Austria ranked third of 49 nations in the 2002 Yearbook in worker availability and was once again the undisputed world leader in quality of life.
René Siegl, head of Austria’s investment promotion agency, commented, “Its entry into the EU and its numerous steps toward reform and liberalization have led international investors to strongly assert their confidence in Austria. Our climb in global competitiveness rankings confirms this trend.”
source: Austrian Business Agency, Vienna,
e-mail: office@aba.gv.at
for further info please send an e-mail to the Austrian Trade Commission in Los Angeles
