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ECONOMIC SERVICES MINISTER PARTICIPATES IN MDC INVESTMENT PROMOTION SEMINAR IN VIENNA AND MEETS AUSTRIAN MINISTER FOR ECONOMIC AND LABOUR AFFAIRS
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05/10/2001
05/10/2001
| Minister Josef Bonnici yesterday was one of the | principal speakers during an Investment Promotion Seminar, organised by the MDC, in Vienna. |
| This activity fits within the MDC’s ongoing | promotional campaign in Austria, to position Malta as a potential location for Austrian foreign direct investment. This seminar follows on various other investment promotion activities held in Vienna and other Austrian cities, in the last couple of years. As a matter of fact, a similar seminar was held in Linz last year, following which a group of Austrian investors have decided to establish a new medical technology sector company in Malta. This company is currently in the setting up phase, with the first employees now undergoing training at the mother company in Austria. |
| Austria is an attractive target for Malta’s | investment promotion efforts. Its population of 8 million (about 1,6 million of whom live in Vienna) generated a Gross Domestic Product of about EUR 25,455 per capita in 2000. It is an advanced industrial economy – leading industries include electronics, machine and steel production, chemicals, automotive parts and food processing. The electronics sector is particularly important – approximately 300 companies employ a workforce of around 60, 000 making this one of the largest industrial sectors in Austria. |
| Invitations to the seminar have been sent out to | various manufacturing companies in Austria as well as to business and tax consultants based in Vienna. The seminar is being hosted by the Chamber of Commerce in Vienna, that has a total membership in excess of 250,000. |
| The seminar was opened by the Vice-President of the | Chamber of Commerce together with Malta’s Ambassador to Austria, Dr. Noel Buttigieg Scicluna. The principal presentations were made by Prof. Josef Bonnici, Minister for Economic Services, Mr. Lawrence Zammit, Chairman, Malta Development Corporation and by Mr. Ralph Leipoldt, and Mr.Brian Camilleri owner and General Manager of Fal (Malta) Ltd. respectively. FAL is an electronics company which set up operations very successfully in Malta just last year. |
| Earlier in the afternoon, prior to the seminar, | Minister Bonnici had a meeting with the Hon. Dr. Martin Bartenstein, Austrian Minister for Economic and Labour Affairs. Bilateral relations between the two countries and Malta’s progress towards EU accession were the principal topics discussed. |
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