Friuli-Venezia Giulia - Economy

Economy

The economy of Friuli–Venezia Giulia is one of the most developed in the country. Its core is based on small- and middle-size enterprises (the so-called 'North-East model'), on specialized farming and on high-quality tourism with a significant inclination towards exports.

Agriculture and farming maintain an essential role in the economy of the region and employed in 2001 around 95,000 persons. Its high quality products are exported not only within the country and Europe (fruit and vegetable, cheese) but have become known worldwide for their quality (cured ham and wines, especially white ones). Noteworthy is also the production of soy (third producer in Italy with more than 37,000 hectares cultivated in 2000) and timber production in Carnia.

As mentioned above, the economy of the region is based on a widespread mosaic of small and medium-size enterprises; of particular importance are the four industrial districts where a multitude of such highly specialised enterprises are concentrated. These districts are centred around the towns of Manzano, San Daniele del Friuli (cured ham), Maniago (knives) and Brugnera (furniture). A number of large enterprises are also present in the region in both the industry and services sector. Some of these companies are world-leaders in their relevant sectors; such are Fincantieri (based in Trieste and in Monfalcone) for the construction of the world's largest cruise ships, Zanussi-Electrolux (Pordenone) in the production of electrical appliances and Assicurazioni Generali in Trieste, one of the leading insurance companies in the world.

Again, in the services sector the city of Trieste plays a leading role (with knock-on effects on the other provincial capitals); it is in fact here that activities such as the regional government, large banking and insurance companies are concentrated. With its commercial Free Port, Trieste also plays an essential role in the trade sector: special custom regulations ensure exclusive financial conditions to operators. The Port of Trieste is today the most important centre worldwide for the trade of coffee and plays a strategic key role in trade with northern and eastern Europe-

Although small in size, Friuli–Venezia Giulia has always been 'in the centre of Europe' and has played an important role in connecting Italy (and the Mediterranean) to Central and Eastern Europe. Its role will become even more strategic as a logistical platform with the imminent enlargement of the European Union. Hence the importance of the infrastructure network of the region, which can today be considered first rate in quality and diversity. The motorway network consists of more than 200 km that run from North to South and from West to East, perfectly connecting the region to Austria and Slovenia. The railway network consists of around 500 km of track, with the two twin-line 'backbones' Venice-Trieste and Trieste-Udine-Tarvisio-Austria. The motorway and railway networks are linked to the ports of Trieste, Monfalcone and Porto Nogaro, the three most northerly ports of the Mediterranean. Trieste, in particular, has a free port for goods since 1719. It is the Italian port with the greatest capacity for covered storage, with a surface area of more than 2 million square meters and 70 km of rail tracks. Intermodality is guaranteed by the terminal, in operation since 1988, to serve the increasing commercial traffic between Italy and Eastern European countries. Lastly, the regional airport of Ronchi dei Legionari is situated 30 km from Trieste and 40 km from Udine and is closely connected to the motorway and railway networks. The airport offers regular national and international flights including destinations in Eastern Europe. The region is now placing much of its hopes for future economic development in the construction of a high speed European Transport Corridor n° V connecting Lion, Turin, Venice, Trieste, Ljubljana, Budapest and Kiev, so as to improve the traffic of goods and services with new EU partners.