Map Austria: General details about Austria
CAPITAL CITY OF Austria: Vienna
Map Austria:
LANGUAGE OF Austria: German
CURRENCY OF Austria: Euro (EUR)
COMMENTS ABOUT Austria: Austria is a land-locked alpine country in Central Europe Cities :Vienna (capital), Graz, Innsbruck, Klagenfurt, Linz, Salzburg
Best Places : Zell am See, Kaprun, Wörthersee, Bodensee, St. Anton
Electricity : 230V/50Hz (European plug)
Calling Code : +43
Time Zone : UTC +1
CLIMATE OF Austria: temperate; continental, cloudy; cold winters with
frequent rain and some snow in lowlands and snow in mountains; moderate
summers with occasional showers
RELIGION OF Austria: Roman Catholic 73.6%, Protestant 4.7%, Muslim
4.2%, other 0.1%, none 17.4%
POPULATION OF Austria: 8,174,762 (July 2004 est.) German 88.5%,
indigenous minorities 1.5% (includes Croatians, Slovenes, Hungarians,
Czechs, Slovaks, Roma), recent immigrant groups 10% (includes Turks,
Bosnians, Serbians, Croatians) (2001)
HISTORY OF Austria: Once the center of power for the large
Austro-Hungarian Empire, Austria was reduced to a small republic after its
defeat in World War I. Following annexation by Nazi Germany in 1938 and
subsequent occupation by the victorious Allies in 1945, Austria's status
remained unclear for a decade. A State Treaty signed in 1955 ended the
occupation, recognized Austria's independence, and forbade unification with
Germany. A constitutional law that same year declared the country's
"perpetual neutrality" as a condition for Soviet military withdrawal.
Following the Soviet Union's collapse in 1991 and Austria's entry into the
European Union in 1995, some Austrian's have called into question this
neutrality. A prosperous, democratic country, Austria entered the Economic
and Monetary Union in 1999.
ECONOMY OVERVIEW OF Austria: Austria, with its well-developed market
economy and high standard of living, is closely tied to other EU economies,
especially Germany's. Membership in the EU has drawn an influx of foreign
investors attracted by Austria's access to the single European market and
proximity to EU aspirant economies. Slow growth in Germany and elsewhere in
the world held the economy to 0.7% growth in 2001, 1.4% in 2002, and again
less than 1% in 2003. However, recent data signal that the recovery has
started. The government estimates economic growth in 2004 of 1.7-2.1% and of
2.5% in 2005. The government is planning a EURO 500 billion income tax cut
in 2004, though some economists doubt it will have stimulative effects in
2004, because it will be offset by higher health insurance contributions and
higher taxes on energy. For 2005, Austria plans a tax cut of EURO 2.5
billion and harmonization of the various pension schemes. To meet increased
competition from both EU and Central European countries, particularly the
new EU members, Austria will need to emphasize knowledge-based sectors of
the economy, continue to deregulate the service sector, and lower its tax
burden. A key issue is the encouragement of much greater participation in
the labor market by its aging population.
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