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Posted By: Roberto Corciulo | 29 May 2016

Italy: Why invest in Friuli Venezia Giulia?

Why invest in Friuli Venezia Giulia?

Thanks to its strategic location in the heart of Europe, Friuli-Venezia Giulia region has always played an important role in connecting the Mediterranean Area to Central and Eastern Europe, and Latin culture to German and Slavic culture. This is why many people in the region speak other two officially recognized foreign languages like German and Slovenian.

The region is crossed by important transport routes that connect the harbors on the Adriatic sea to Northern Europe and Western Europe to the Balkan Area. Rome, Milan, Vienna (Austria), Monaco (Germany), Zurich (Switzerland), Budapest (Hungary), Bratislava (Slovakia), Prague (Czech Republic), Ljubljana (Slovenia), Zagreb (Croatia) are all within less than 500 km.

The economy of Friuli Venezia Giulia, based on  middle-size enterprises is one of the most developed in the country with a an average GDP per capita over 110% of EU28 average and with significant inclination towards exports that, with about 12 billions/year, represent 3% of national exports despite the Region has only 2% of the Italian population.

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Regional GDP is expected to be around +1,2% this year compared to +0,8% in 2015 while  in the first quarter of 2016 the difference between registered and deleted companies in the various sectors is negative (-537), but in the service sector the difference is positive (771). Growing is also the sentiment of the trade, tourism, and services companies that reach the highest point of the last four years at  42,5%.

The Friuli Venezia Giulia Region offers a high concentration of centers of scientific excellence, technology parks, and researchers. Moreover, the industrial sector of the region is characterized by industrial districts and among them the most important are Chair District, Knife District, Thermo-Electro-Mechanical, and Components District, Coffee District, Furniture District, Digital Technology District and Food and Agricultural Park.

The Region pays careful attention to its policies of economic development, resulting in first places in Italy for incentives granted to companies. Any more tax reduction is one of the privileged instruments of the Friuli-Venezia Giulia Region to support the growth of companies to improve the creation and distribution of wealth. The Friuli-Venezia Giulia Region, with regard to the Regional Tax on Productive Activities (IRAP), has for some time begun a tax policy aimed at lightening the tax burdens on companies active within its territory.

Friuli-Venezia Giulia is also an excellent tourist destination thanks to its beach resorts, mountain and historical town concentrated within an hour’s drive, enhanced by the excellent local food and wine production.

May 6 was the 40th anniversary of the earthquake that devastated Friuli, but that was an important turning point as the reconstruction that followed, as well as representing an example in the world, was an important driving force for the entire regional economy.

An important showcase will be May 20 day when a stage of the 99th edition of the cycling tour of Italy will take place entirely in Friuli and whose images will be distributed in 184 countries, forty of whom live through 29 television networks.

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