3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50
3 CORNER TICKET GOLD Junior Woe, F1 GRAND PRIX VON ÖSTERREICH € 344,50

DTM Norisring

07.07.2019 | Nürnberg



Business

Statistics:

USA, France, China, the Netherlands, UK.



Economy:

Germany boasts the largest economy in Europe. As a result of the global financial crisis it contracted 5% in 2009, resulting in the country's worst recession since the Great Depression in the 1930s. It has since emerged from recession - thanks largely to a recovery in the exports on which it relies so heavily – and has shown real resilience in the storm of the euro crisis. Germany also remains as Europe's leading conventions and exhibitions destination, with large Messen (exhibition and convention centres) in all major cities, and second only to the USA worldwide in terms of events hosted.

Since the German reunification in 1990 and with the former East Germany swallowing up huge sums in modernisation, those employed in the former West still pay a special 'solidarity surcharge' on top of their regular income tax, for supporting the eastern states.

Germany's population is aging, and this, combined with population movement and unemployment rate, can some time place a heavy burden on the welfare system. The country also has a high immigrant population. In addition, Germany has a cumbersome bureaucracy, both at national, state and local levels, and this too places a strain on tax resources.



Business Etiquette:

Businesspeople are expected to dress smartly; both men and women are expected to wear suits and men should also wear a tie. English is spoken by many businesspeople, but it is an advantage to have a working knowledge of German, or an interpreter.

Appointments should be made well in advance, particularly in the summer and may be suggested slightly earlier in the day than is often the custom in the UK. Once made, appointment times should be strictly adhered to.

Always use formal titles such as HerrDoktor or FrauDoktor when addressing business contacts and use 'Sie' for 'you'; never assume that first names can be used, this can offend. It is common to answer the telephone by stating your last name, rather than saying 'hello'.

Standard business hours are typically Monday to Friday 0800/0900-1600/1700 hours, although these hours can be less, as Germans have some of the shortest working hours in Western Europe. Many offices close early on Friday afternoon. Business lunches are common (the person making the offer is expected to pay), but breakfast meetings are rare. Socialising with work colleagues is very common, and indeed, usually expected, but seldom involves clients. Visitors should remember that when drinking beer, the common toast is 'Prost', while with wine it is sometimes the more genteel version, 'Zum Wohl'.


Businesspeople in Berlin and Munich sometimes appear more relaxed than their counterparts in other cities, particularly in the north (who favour straight talking), and this can often extend to office etiquette.

Mon-Fri 0800/0900-1600/1700 hours (many close earlier on Fridays).



Business Contacts: Address: ,16 Buckingham Gate,London SW1E 6LB,

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