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For GBCD Members only:
List of corporate hotel rates |
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GBC
Dubai
Khalid Bin Waleed Road
P.O. Box 62537
Dubai
United Arab Emirates
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| Email: |
office@gbc-dubai.com |
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| Tel.: |
+971-4-397 3208 |
| Fax: |
+971-4-397 3209 |
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last update: September 04, 2008
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|
 GERMANY
AT A GLANCE
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| 1. Facts
and Data |
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1.1 Basic
indicators:
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| Area: |
357
030 km² |
| Capital: |
Berlin |
| Administrative
Divisions : |
13
states (Baden-Württemberg, Berlin, Brandenburg,
Bremen, Hamburg, Hessen, Mecklenburg-Vorpommern, Niedersachsen,
Nordrhein-Westfalen, Rheinland-Pfalz, Saarland, Sachsen-Anhalt,
Schleswig-Holstein) and 3 free states Thüringen,
Bayern, Sachsen) |
| Population: |
82,4 million
(2006 est.), 9% Expats,
-0,02% growth p.a. |
| Population
density: |
231
people per km² |
| Independence: |
18 January
1871
(Unification of the German Empire) |
| National
Day : |
3
October (Unity Day) |
| Exchange
Rate : |
1 EUR = 5.78
AED (11.07.2008) |
| Currency: |
Euro |
1.2 Economic situation:
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| GDP: |
US-$
2.504 trillion (2005 est.) |
| GDP per
capita: |
US-$ 30.400
(2005 est.) |
| GDP
real growth rate: |
0,9%
p.a. |
| Inflation
rate: |
2,0% (2005
est.) |
| Total German
imports: |
$ 801 billion
f.o.b. (2005 est.) |
| Most important
import products: |
Machinery,
vehicles, chemicals, foodstuffs, textiles, metals |
| Total German
exports: |
$ 1.016 trillion
f.o.b. (2005 est.) |
| Most important
export products: |
Machinery,
vehicles, chemicals, metals and manufactures, foodstuffs,
textiles |
| 2. Introduction |
The Federal Republic of Germany comprises sixteen federal
states. The capital is Berlin.
The German population originates from a number of different
tribes, such as the Franks and Saxons, Prussians, Swabians
and Bavarians. Today the names of these tribes still
can be found in the names of the different states, e.g.
Bavaria, Westphalia, Lower Saxony, etc.
Germany's population amounts to almost 83 million people,
including approximately 7.3 million foreigners (8.9%).
The federal system ensures a balance between the power
of the central government and the 16 states, which have
their own constitution as well as to some extent legislative,
judicial and administrative powers. The states are taking
care of the development of their own economies and industries.
Therefore different states of Germany may simultaneously
be joining and supporting their companies at trade fairs
and exhibitions in the United Arab Emirates.
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| 3. Market
Economy |
The Federal Republic of Germany is one of the major industrial
counties in the world. In terms of overall economic performance
it holds the fourth, with regard to worked trade the third
place.
Since the Second World War Germany's economic system
has developed into a socially responsible market economy
through macroeconomic management and its integration
in the market of the European Community. Similar to
the United Arab Emirates there are no exchange controls
on ordinary foreign currency transactions in Germany,
but for statistical purposes the Central Bank has to
be informed of transfers to and from the country.
The German government does not directly interfere in
the economy, but is guiding it on a low level. The government
porvi3des various incentives, including investment grants
and subsidies, tax incentives such as accelerated depreciation
and financial assistance through long-term loans at
favourable interest rates to assist certain territories
and industries.
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| 4. Financial
Sector |
Since the Second World War Germany enjoyed low inflation
as well as low interest rates.
Germany has eight stock exchanges, Frankfurt/Main being
the largest. The most important ones are situated in
Frankfurt, Düsseldorf and Hamburg. Shares of more
than 120 foreign countries are officially listed on
the Frankfurt stock exchange.
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| 5. Industries |
The backbone of the German economy is industry. However,
the service sector is gaining increasingly more importance.
This results from a structural shift in economy and workforce.
During the last 25 years, the workforce in there service,
trade and transport sectors increased by 27% to 10.8 million
employees.
Over 51,700 enterprises are situated in Germany. Only
about 2% are large companies with more than 1000 employees.
The majority of the enterprises are medium sized. However,
large companies and account for 50% of the industrial
turnover employ about half of the 12.4 million strong
industrial workforce of Germany.
Germany is well known for high quality products. The
main industrial branches are vehicle manufacturing,
mechanical engineering, the chemical industry as well
as the aircraft and aerospace industry. In recent years
Germany has become a leading country in the field of
environmental protection. Despite Germany being a major
industrial nation, the country notably poor in natural
resources and is therefore dependant on the import of
large quantities of crude oil, natural gas, copper,
bauxite, manganese and rock phosphate.
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| 6. Environment |
For Germany, as one of the most densely populated countries
in Europe (231 inhabitants per km²) the protection
of the environment has become one of the most urgent tasks.
The excessive strain on the environment and the resulting
damage are caused by a variety of factors, including population
density, a high degree of industrialization and the careless
treatment of nature.
Ecological damage may be prevented by policies encouraging
the set-up of industries in an environmentally responsible
way as well as by making the originator of such damage
liable for its negligence. Environmental problems in
Germany can mostly be solved in co-operation and mutual
understanding between the state, the industry and the
public, which over the past few decades has become increasingly
aware of the problems caused by industrial pollution.
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UAE
at a glance
