Commercial real estate market in Vienna (Austria)
August 8th, 2007 by Ines
The main factor pushing ahead the commercial real estate market in Austria in the recent years is the fact that this small country of 8 million became a member of the European Union of 370 million*. Beginning in January 1999 the country also became a member of the Economic and monetary union of the EU. That means that Austria entered the internal circle of the EU (Eurozone) where countries from 2002 will share common monetary unit - EURO and where even today they have common bank interests set by the European Central Bank.
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