Austria is a landlocked
country with a strategic location at the crossroads of central Europe.
It shares borders with the Czech Republic, Germany, Hungary, Italy, Lichenstein,
Slovakia, Slovenia and Switzerland. It has an area of 83,858 square kilometres.
Its capital city is Vienna. Austria had a population of 8,139,299 in July
1999 with a population growth rate of 0.09%. The population is concentrated
mainly on eastern lowlands. The country's main language is German.
Austria's climate varies from cold winters with frequent rain and snow
in the mountainous regions, to cool summers with occasional rain. The
terrain in the east and north is mostly flat, whereas the west and south
is predominantly mountainous. Austria's natural resources include iron
ore, oil, timber, lead and coal.
Austria is a federal republic. It received independence from Bavaria
in 1156. The Executive branch of government is composed of a President,
Chancellor and the Council of Ministers chosen by the president on the
advise of the chancellor. The legislative branch consists of the Federal
Council or Bundersrat, where members represent each of the states, and
the National Council or Nationalrat, where members are elected by direct
popular vote.
Austria has a well developed economy, closely linked with that of Germany.
By privatisation Austria brought its total public sector deficit and public
debt down in line with the EU's Maastericht criteria. The economy relies
heavily on the service industry which accounts for 67.8% of the workforce
with only 0.7% employed in agriculture. The unemployment rate was 7% in
1999. Austria's currency is the Euro.
Franchising is growing in Austria. The Austrian Franchise Association
is a member of the European Franchise Federation.
There is no specific franchise law in Austria
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