Part 23

Overview: The Greek Cypriot economy is small, diversified, and prosperous. Industry contributes 16% to GDP and employs 29% of the labor force, while the service sector contributes 60% to GDP and employs 57% of the labor force. An average 6.8% rise in real GDP between 1986 and 1990 was temporarily checked in 1991, because of the adverse effects of the Gulf War on tourism. Economic growth surged again in 1992, bolstered by strong foreign and domestic demand. As the economy gained momentum, however, it began to overheat; inflation reached 6.5%. The economy has likely recorded a sharp drop in growth in 1993, due to the recession in Western Europe, Cyprus' main trading partner, but probably will pick up again in 1994. The Turkish Cypriot economy has less than one-third the per capita GDP in the south. Because it is recognized only by Turkey, it has had much difficulty arranging foreign financing, and foreign firms have hesitated to invest there. The economy remains heavily dependent on agriculture, which employs more than one-quarter of the workforce. Moreover, because the Turkish lira is legal tender, the Turkish Cypriot economy has suffered the same high inflation as mainland Turkey. To compensate for the economy's weakness, Turkey provides direct and indirect aid to nearly every sector; financial support has reached about one-third of Turkish Cypriot GDP. National product: Greek area: GDP - purchasing power equivalent - $6.7 billion (1992) Turkish area: GDP - purchasing power equivalent - $550 million (1992) National product real growth rate: Greek area: 8.2% (1992) Turkish area: 7.3% (1992) National product per capita: Greek area: $11,390 (1992) Turkish area: $3,130 (1992) Inflation rate (consumer prices): Greek area: 6.5% (1992) Turkish area: 63.4% (1992) Unemployment rate: Greek area: 1.8% (1992) Turkish area: 1.2% (1992) Budget: revenues: Greek area - $1.7 billion Turkish area - $273 million expenditures: Greek area - $2.2 billion, including capital expenditures of $350 million Turkish area - $360 million, including capital expenditures of $78 million (1994) Exports: $1.1 billion (f.o.b., 1993 est.) commodities: citrus, potatoes, grapes, wine, cement, clothing and shoes partners: UK 19%, Greece 8%, Lebanon 2%, Egypt 7% Imports: $3.3 billion (f.o.b., 1993 est.) commodities: consumer goods, petroleum and lubricants, food and feed grains, machinery partners: UK 11%, Japan 11%, Italy 10%, Germany 9%, US 8% External debt: $1.6 billion (1992) Industrial production: growth rate 4% (1993 est.); accounts for 16.0% of GDP Electricity: capacity: 620,000 kW production: 1.77 billion kWh consumption per capita: 2,530 kWh (1991) Industries: food, beverages, textiles, chemicals, metal products, tourism, wood products Agriculture: contributes 7% to GDP and employs 26% of labor force in the south; major crops - potatoes, vegetables, barley, grapes, olives, citrus fruits; vegetables and fruit provide 25% of export revenues Illicit drugs: transit point for heroin via air routes and container traffic to Europe, especially from Lebanon and Turkey Economic aid: recipient: US commitments, including Ex-Im (FY70-89), $292 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $250 million; OPEC bilateral aid (1979-89), $62 million; Communist countries (1970-89), $24 million Currency: 1 Cypriot pound (#C) = 100 cents; 1 Turkish lira (TL) = 100 kurus Exchange rates: Cypriot pounds per $US1 - 0.5148 (December 1993), 0.4970 (1993), 0.4502 (1992), 0.4615 (1991), 0.4572 (1990), 0.4933 (1989); Turkish liras (TL) per US$1 - 15,196.1 (January 1994), 10,983.3 (1993), 6,872.4 (1992), 4,171.8 (1991), 2,608.6 (1990), 2,121.7 (1989) Fiscal year: calendar year

@Cyprus, Communications

Highways: total: 10,780 km paved: 5,170 km unpaved: gravel, crushed stone, earth 5,610 km Ports: Famagusta, Kyrenia, Larnaca, Limassol, Paphos Merchant marine: 1,399 ships (1,000 GRT or over) totaling 22,743,484 GRT/39,874,985 DWT, bulk 469, cargo 496, chemical tanker 27, combination bulk 48, combination ore/oil 32, container 82, liquefied gas 3, multifunction large load carrier 4, oil tanker 122, passenger 4, passenger-cargo 2, railcar carrier 1, refrigerated cargo 67, roll-on/roll-off cargo 24, short-sea passenger 12, specialized tanker 3, vehicle carrier 3 note: a flag of convenience registry; Cuba owns 26 of these ships, Russia owns 61, Latvia owns 7, Croatia owns 2, and Romania owns 4 Airports: total: 14 usable: 14 with permanent-surface runways: 11 with runways over 3,659 m: 0 with runways 2,440-3,659 m: 7 with runways 1,220-2,439 m: 2 Telecommunications: excellent in both the area controlled by the Cypriot Government (Greek area), and in the Turkish-Cypriot administered area; 210,000 telephones; largely open-wire and microwave radio relay; broadcast stations - 11 AM, 8 FM, 1 (34 repeaters) TV in Greek sector and 2 AM, 6 FM and 1 TV in Turkish sector; international service by tropospheric scatter, 3 submarine cables, and satellite earth stations - 1 Atlantic Ocean INTELSAT, 1 Indian Ocean INTELSAT and EUTELSAT earth stations

@Cyprus, Defense Forces

Branches: Greek area: Greek Cypriot National Guard (GCNG; including air and naval elements), Greek Cypriot Police Turkish area: Turkish Cypriot Security Force Manpower availability: males age 15-49 186,807; fit for military service 128,444; reach military age (18) annually 5,233 (1994 est.) Defense expenditures: exchange rate conversion - $407 million, 6.5% of GDP (1993)

@Czech Republic, Geography

Location: Central Europe, between Germany and Slovakia Map references: Ethnic Groups in Eastern Europe, Europe, Standard Time Zones of the World Area: total area: 78,703 sq km land area: 78,645 sq km comparative area: slightly smaller than South Carolina Land boundaries: total 1,880 km, Austria 362 km, Germany 646 km, Poland 658 km, Slovakia 214 km Coastline: 0 km (landlocked) Maritime claims: none; landlocked International disputes: Liechtenstein claims l,606 square miles of Czech territory confiscated from its royal family in 1918; Sudeten German claims for restitution of property confiscated in connection with their expulsion after World War II versus the Czech Republic claims that restitution does not proceed before February 1948 when the Communists seized power; unresolved property issues with Slovakia over redistribution of property of the former Czechoslovak federal government Climate: temperate; cool summers; cold, cloudy, humid winters Terrain: two main regions: Bohemia in the west, consisting of rolling plains, hills, and plateaus surrounded by low mountains; and Moravia in the east, consisting of very hilly country Natural resources: hard coal, soft coal, kaolin, clay, graphite Land use: arable land: NA% permanent crops: NA% meadows and pastures: NA% forest and woodland: NA% other: NA% Irrigated land: NA sq km Environment: current issues: air and water pollution in areas of northwest Bohemia centered around Zeplica and in northern Moravia around Ostrava presents health hazards; acid rain damaging forests natural hazards: NA international agreements: party to - Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur, Antarctic Treaty, Biodiversity, Climate Change, Environmental Modification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands; signed, but not ratified - Antarctic-Environmental Protocol Note: landlocked; strategically located astride some of oldest and most significant land routes in Europe; Moravian Gate is a traditional military corridor between the North European Plain and the Danube in central Europe

@Czech Republic, People

Population: 10,408,280 (July 1994 est.) Population growth rate: 0.21% (1994 est.) Birth rate: 13.23 births/1,000 population (1994 est.) Death rate: 11.14 deaths/1,000 population (1994 est.) Net migration rate: 0 migrant(s)/1,000 population (1994 est.) Infant mortality rate: 9.3 deaths/1,000 live births (1994 est.) Life expectancy at birth: total population: 73.08 years male: 69.38 years female: 76.99 years (1994 est.) Total fertility rate: 1.84 children born/woman (1994 est.) Nationality: noun: Czech(s) adjective: Czech Ethnic divisions: Czech 94.4%, Slovak 3%, Polish 0.6%, German 0.5%, Gypsy 0.3%, Hungarian 0.2%, other 1% Religions: atheist 39.8%, Roman Catholic 39.2%, Protestant 4.6%, Orthodox 3%, other 13.4% Languages: Czech, Slovak Literacy: total population: NA% male: NA% female: NA% Labor force: 5.389 million by occupation: industry 37.9%, agriculture 8.1%, construction 8.8%, communications and other 45.2% (1990)

@Czech Republic, Government

Names: conventional long form: Czech Republic conventional short form: Czech Republic local long form: Ceska Republika local short form: Cechy Digraph: EZ Type: parliamentary democracy Capital: Prague Administrative divisions: 8 regions (kraje, kraj - singular); Jihocesky, Jihomoravsky, Praha, Severocesky, Severomoravsky, Stredocesky, Vychodocesky, Zapadocesky Independence: 1 January 1993 (from Czechoslovakia) National holiday: National Liberation Day, 9 May; Founding of the Republic, 28 October Constitution: ratified 16 December 1992; effective 1 January 1993 Legal system: civil law system based on Austro-Hungarian codes; has not accepted compulsory ICJ jurisdiction; legal code modified to bring it in line with Conference on Security and Cooperation in Europe (CSCE) obligations and to expunge Marxist-Leninist legal theory Suffrage: 18 years of age; universal Executive branch: chief of state: President Vaclav HAVEL (since 26 January 1993); election last held 26 January 1993 (next to be held NA January 1998); results - Vaclav HAVEL elected by the National Council head of government: Prime Minister Vaclav KLAUS (since NA June 1992); Deputy Prime Ministers Ivan KOCARNIK, Josef LUX, Jan KALVODA (since NA June 1992) cabinet: Cabinet; appointed by the president on recommendation of the prime minister Legislative branch: bicameral National Council (Narodni rada) Senate: elections not yet held; seats (81 total) Chamber of Deputies: elections last held 5-6 June 1992 (next to be held NA 1996); results - percent of vote by party NA; seats - (200 total) Civic Democratic Party/Christian Democratic Party 76, Left Bloc 35, Czech Social Democratic Party 16, Liberal Social Union 16, Christian Democratic Union/Czech People's Party 15, Assembly for the Republic/Republican Party 14, Civic Democratic Alliance 14, Movement for Self-Governing Democracy for Moravia and Silesia 14 Judicial branch: Supreme Court, Constitutional Court Political parties and leaders: Civic Democratic Party (ODS), Vaclav KLAUS, chairman; Christian Democratic Union-Czech People's Party (KDU-CSL), Josef LUX, chairman; Civic Democratic Alliance (ODA), Jan KALVODA, chairman; Christian Democratic Party (KDS), Ivan PILIP, chairman; Czech Social Democratic Party, Milos ZEMAN, chairman; Czech-Moravian Center Party, Jan KYCER, chairman; Liberal Social Union (LSU), Frantisek TRNKA; Communist Party of Bohemia/Moravia (KSCM), Miroslav GREBENICEK, chairman; Association for the Republic - Republican Party, Miroslav SLADEK, chairman; Left Bloc, Marie STIBOROVA, chairman Other political or pressure groups: Left Bloc; Liberal Party; Czech-Moravian Chamber of Trade Unions Member of: BIS, CCC, CE (guest), CEI, CERN, COCOM (cooperating), CSCE, EBRD, ECE, FAO, GATT, IAEA, IBRD, ICAO, IDA, IFC, IFCTU, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM (observer), ISO, ITU, LORCS, NACC, NSG, PCA, UN (as of 8 January 1993), UNAVEM II, UNCTAD, UNESCO, UNIDO, UNOMIG, UNOMOZ, UNPROFOR, UPU, WFTU, WHO, WIPO, WMO, WTO, ZC Diplomatic representation in US: chief of mission: Ambassador Michael ZANTOVSKY chancery: 3900 Spring of Freedom Street NW, Washington, DC 20008 telephone: (202) 363-6315 or 6316 FAX: (202) 966-8540 US diplomatic representation: chief of mission: Ambassador Adrian A. BASORA embassy: Trziste 15, 11801, Prague 1 mailing address: Unit 25402; APO AE 09213 telephone: [42] (2) 251-0847 FAX: [42] (2) 531-193 Flag: two equal horizontal bands of white (top) and red with a blue isosceles triangle based on the hoist side (almost identical to the flag of the former Czechoslovakia)

@Czech Republic, Economy

Overview: The dissolution of Czechoslovakia into two independent nation states - the Czech Republic and Slovakia - on 1 January 1993 has complicated the task of moving toward a more open and decentralized economy. The old Czechoslovakia, even though highly industrialized by East European standards, suffered from an aging capital plant, lagging technology, and a deficiency in energy and many raw materials. In January 1991, approximately one year after the end of communist control of Eastern Europe, the Czech and Slovak Federal Republic launched a sweeping program to convert its almost entirely state-owned and controlled economy to a market system. In 1991-92 these measures resulted in privatization of some medium- and small-scale economic activity and the setting of more than 90% of prices by the market - but at a cost in inflation, unemployment, and lower output. For Czechoslovakia as a whole inflation in 1991 was roughly 50% and output fell 15%. In 1992, in the Czech lands, inflation dropped to an estimated 12.5% and GDP was down a more moderate 5%. In 1993, Czech aggregate output remained unchanged, prices rose about 19%, and unemployment hovered above 3%; exports to Slovakia fell roughly 30%. An estimated 40% of the economy was privately owned. In 1994, Prague expects 2% to 3% growth in GDP, roughly 9% inflation, and 5% unemployment. Economic growth in 1994 is less important than continued economic restructuring; a mere 1% growth would be noteworthy if restructuring is accompanied by rising unemployment and enterprise bankruptcies. National product: GDP - purchasing power equivalent - $75 billion (1993 est.) National product real growth rate: 0% (1993 est.) National product per capita: $7,200 (1993 est.) Inflation rate (consumer prices): 19% (1993 est.) Unemployment rate: 3.3% (1993 est.) Budget: revenues: $11.9 billion expenditures: $11.9 billion, including capital expenditures of $NA (1993 est.) Exports: $12.6 billion (f.o.b., 1993 est.) commodities: manufactured goods, machinery and transport equipment, chemicals, fuels, minerals, and metals partners: Germany, Slovakia, Poland, Austria, Hungary, Italy, France, US, UK, CIS republics Imports: $12.4 billion (f.o.b., 1993 est.) commodities: machinery and transport equipment, fuels and lubricants, manfactured goods, raw materials, chemicals, agricultural products partners: Slovakia, CIS republics, Germany, Austria, Poland, Switzerland, Hungary, UK, Italy External debt: $8.6 billion (October 1993) Industrial production: growth rate -5.5% (December 1993 over December 1992) Electricity: capacity: 16,500,000 kW production: 62.2 billion kWh consumption per capita: 6,030 kWh (1992) Industries: fuels, ferrous metallurgy, machinery and equipment, coal, motor vehicles, glass, armaments Agriculture: largely self-sufficient in food production; diversified crop and livestock production, including grains, potatoes, sugar beets, hops, fruit, hogs, cattle, and poultry; exporter of forest products Illicit drugs: transshipment point for Southwest Asian heroin and Latin American cocaine to Western Europe Economic aid: donor: the former Czechoslovakia was a donor - $4.2 billion in bilateral aid to non-Communist less developed countries (1954-89) Currency: 1 koruna (Kc) = 100 haleru Exchange rates: koruny (Kcs) per US$1 - 30.122 (January 1994), 29.153 (1993), 28.26 (1992), 29.53 (1991), 17.95 (1990), 15.05 (1989) note: values before 1993 reflect Czechoslovak exchange rates Fiscal year: calendar year

@Czech Republic, Communications

Railroads: 9,434 km total (1988) Highways: total: 55,890 km (1988) paved: NA unpaved: NA Inland waterways: NA km; the Elbe (Labe) is the principal river Pipelines: natural gas 5,400 km Ports: coastal outlets are in Poland (Gdynia, Gdansk, Szczecin), Croatia (Rijeka), Slovenia (Koper), Germany (Hamburg, Rostock); principal river ports are Prague on the Vltava, Decin on the Elbe (Labe) Merchant marine: 18 ships (1,000 GRT or over) totaling 225,934 GRT/350,330 DWT, bulk 7, cargo 11 Airports: total: 155 usable: 123 with permanent-surface runways: 27 with runways over 3,659 m: 1 with runways 2,440-3,659 m: 17 with runways 1,060-2,439 m: 52 note: a C-130 can land on a 1,060-m airstrip Telecommunications: NA

@Czech Republic, Defense Forces

Branches: Army, Air and Air Defense Forces, Civil Defense, Railroad Units Manpower availability: males age 15-49 2,747,126; fit for military service 2,091,532; reach military age (18) annually 93,342 (1994 est.) Defense expenditures: 23 billion koruny, NA% of GNP (1993 est.); note - conversion of defense expenditures into US dollars using the current exchange rate could produce misleading results

@Denmark, Geography

Location: Nordic State, Northern Europe, bordering the North Sea on a peninsula north of Germany Map references: Arctic Region, Europe, Standard Time Zones of the World Area: total area: 43,070 sq km land area: 42,370 sq km comparative area: slightly more than twice the size of Massachusetts note: includes the island of Bornholm in the Baltic Sea and the rest of metropolitan Denmark, but excludes the Faroe Islands and Greenland Land boundaries: total 68 km, Germany 68 km Coastline: 3,379 km Maritime claims: contiguous zone: 4 nm continental shelf: 200-m depth or to depth of exploitation exclusive fishing zone: 200 nm territorial sea: 3 nm International disputes: Rockall continental shelf dispute involving Iceland, Ireland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area); dispute between Denmark and Norway over maritime boundary in Arctic Ocean between Greenland and Jan Mayen has been settled by the International Court of Justice Climate: temperate; humid and overcast; mild, windy winters and cool summers Terrain: low and flat to gently rolling plains Natural resources: petroleum, natural gas, fish, salt, limestone Land use: arable land: 61% permanent crops: 0% meadows and pastures: 6% forest and woodland: 12% other: 21% Irrigated land: 4,300 sq km (1989 est.) Environment: current issues: air pollution; nitrogen and phosphorus pollution of the North Sea; drinking and surface water becoming polluted from animal wastes natural hazards: NA international agreements: party to - Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur, Antarctic Treaty, Biodiversity, Climate Change, Endangered Species, Environmental Modification, Hazardous Wastes, Marine Dumping, Marine Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber, Wetlands, Whaling; signed, but not ratified - Air Pollution-Volatile Organic Compounds, Antarctic-Environmental Protocol, Law of the Sea Note: controls Danish Straits linking Baltic and North Seas; about one-quarter of the population lives in Copenhagen

@Denmark, People

Population: 5,187,821 (July 1994 est.) Population growth rate: 0.23% (1994 est.) Birth rate: 12.45 births/1,000 population (1994 est.) Death rate: 11.28 deaths/1,000 population (1994 est.) Net migration rate: 1.1 migrant(s)/1,000 population (1994 est.) Infant mortality rate: 6.9 deaths/1,000 live births (1994 est.) Life expectancy at birth: total population: 75.81 years male: 72.93 years female: 78.86 years (1994 est.) Total fertility rate: 1.68 children born/woman (1994 est.) Nationality: noun: Dane(s) adjective: Danish Ethnic divisions: Scandinavian, Eskimo, Faroese, German Religions: Evangelical Lutheran 91%, other Protestant and Roman Catholic 2%, other 7% (1988) Languages: Danish, Faroese, Greenlandic (an Eskimo dialect), German (small minority) Literacy: age 15 and over can read and write (1980 est.) total population: 99% male: NA% female: NA% Labor force: 2,553,900 by occupation: private services 37.1%, government services 30.4%, manufacturing and mining 20%, construction 6.3%, agriculture, forestry, and fishing 5.6%, electricity/gas/water 0.6% (1991)

@Denmark, Government

Names: conventional long form: Kingdom of Denmark conventional short form: Denmark local long form: Kongeriget Danmark local short form: Danmark Digraph: DA Type: constitutional monarchy Capital: Copenhagen Administrative divisions: metropolitan Denmark - 14 counties (amter, singular - amt) and 1 city* (stad); Arhus, Bornholm, Frederiksborg, Fyn, Kbenhavn, Nordjylland, Ribe, Ringkbing, Roskilde, Snderjylland, Staden Kbenhavn*, Storstrm, Vejle, Vestsjaelland, Viborg note: see separate entries for the Faroe Islands and Greenland, which are part of the Danish realm and self-governing administrative divisions Independence: 1849 (became a constitutional monarchy) National holiday: Birthday of the Queen, 16 April (1940) Constitution: 5 June 1953 Legal system: civil law system; judicial review of legislative acts; accepts compulsory ICJ jurisdiction, with reservations Suffrage: 21 years of age; universal Executive branch: chief of state: Queen MARGRETHE II (since NA January 1972); Heir Apparent Crown Prince FREDERIK, elder son of the Queen (born 26 May 1968) head of government: Prime Minister Poul Nyrup RASMUSSEN (since NA January 1993) cabinet: Cabinet; appointed by the monarch Legislative branch: unicameral Parliament (Folketing): elections last held 12 December 1990 (next to be held by December 1994); results - Social Democratic Party 37.4%, Conservative Party 16.0%, Liberal 15.8%, Socialist People's Party 8.3%, Progress Party 6.4%, Center Democratic Party 5.1%, Radical Liberal Party 3.5%, Christian People's Party 2.3%, other 5.2%; seats - (179 total; includes 2 from Greenland and 2 from the Faroe Islands) Social Democratic 69, Conservative 30, Liberal 29, Socialist People's 15, Progress Party 12, Center Democratic 9, Radical Liberal 7, Christian People's 4 Judicial branch: Supreme Court Political parties and leaders: Social Democratic Party, Poul Nyrup RASMUSSEN; Conservative Party, Torben RECHENDORFF; Liberal Party, Uffe ELLEMANN-JENSEN; Socialist People's Party, Holger K. NIELSEN; Progress Party, Johannes SORENSEN; Center Democratic Party, Mimi Stilling JAKOBSEN; Radical Liberal Party, Marianne JELVED; Christian People's Party, Jann SJURSEN; Common Course, Preben Moller HANSEN; Danish Workers' Party Member of: AfDB, AG (observer), AsDB, Australia Group, BIS, CBSS, CCC, CE, CERN, COCOM, CSCE, EBRD, EC, ECE, EIB, ESA, FAO, G-9, GATT, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IEA, IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM, ISO, ITU, LORCS, MTCR, NACC, NATO, NC, NEA, NIB, NSG, OECD, PCA, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNOMIG, UNMOGIP, UNPROFOR, UNTSO, UPU, WEU, WFTU, WHO, WIPO, WMO, ZC Diplomatic representation in US: chief of mission: Ambassador Peter Pedersen DYVIG chancery: 3200 Whitehaven Street NW, Washington, DC 20008 telephone: (202) 234-4300 FAX: (202) 328-1470 consulate(s) general: Chicago, Los Angeles, and New York US diplomatic representation: chief of mission: Ambassador Edward E. ELSON embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen O mailing address: APO AE 09716 telephone: [45] (31) 42-31-44 FAX: [45] (35) 43-0223 Flag: red with a white cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side, and that design element of the DANNEBROG (Danish flag) was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden

@Denmark, Economy

Overview: This modern economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, and high dependence on foreign trade. Denmark's new center-left coalition government will concentrate on reducing the persistent high unemployment rate and the budget deficit as well as following the previous government's policies of maintaining low inflation and a current account surplus. In the face of recent international market pressure on the Danish krone, the coalition has also vowed to maintain a stable currency. The coalition hopes to lower marginal income taxes while maintaining overall tax revenues; boost industrial competitiveness through labor market and tax reforms and increased research and development funds; and improve welfare services for the neediest while cutting paperwork and delays. Prime Minister RASMUSSEN's reforms will focus on adapting Denmark to the criteria for European integration by 1999; although Copenhagen has won from the European Union (EU) the right to opt out of the European Monetary Union (EMU) if a national referendum rejects it. Denmark is, in fact, one of the few EU countries likely to fit into the EMU on time. Denmark is weathering the current worldwide slump better than many West European countries. As the EU's single market (formally established on 1 January 1993) gets underway, Danish economic growth is expected to pickup to around 2% in 1994. Danish approval of the Maastricht treaty on EU political and economic union in May 1993 has reversed the drop in investment, further boosting growth. The current account surplus remains strong as limitations on wage increases and low inflation - expected to be around 2% in 1994 - improve export competitiveness. Although unemployment is high, it remains stable compared to most European countries. National product: GDP - purchasing power equivalent - $95.6 billion (1993) National product real growth rate: 0.5% (1993) National product per capita: $18,500 (1993) Inflation rate (consumer prices): 1.8% (1993 est.) Unemployment rate: 11.8% (1993 est.) Budget: revenues: $48 billion expenditures: $55.7 billion, including capital expenditures of $NA (1993) Exports: $36.7 billion (f.o.b., 1993) commodities: meat and meat products, dairy products, transport equipment (shipbuilding), fish, chemicals, industrial machinery partners: EC 54.3% (Germany 23.6%, UK 10.1%, France 5.7%), Sweden 10.5%, Norway 5.8%, US 4.9%, Japan 3.6% (1992) Imports: $29.7 billion (c.i.f., 1993 est.) commodities: petroleum, machinery and equipment, chemicals, grain and foodstuffs, textiles, paper partners: EC 53.4% (Germany 23.1%, UK 8.2%, France 5.6%), Sweden 10.8%, Norway 5.4%, US 5.7%, Japan 4.1% (1992) External debt: $40 billion (1992 est.) Industrial production: growth rate -2.5% (1993 est.) Electricity: capacity: 11,215,000 kW production: 34.17 billion kWh consumption per capita: 6,610 kWh (1992) Industries: food processing, machinery and equipment, textiles and clothing, chemical products, electronics, construction, furniture, and other wood products, shipbuilding Agriculture: accounts for 4% of GDP and employs 5.6% of labor force (includes fishing and forestry); farm products account for nearly 15% of export revenues; principal products - meat, dairy, grain, potatoes, rape, sugar beets, fish; self-sufficient in food production Economic aid: donor: ODA and OOF commitments (1970-89), $5.9 billion Currency: 1 Danish krone (DKr) = 100 oere Exchange rates: Danish kroner (DKr) per US$1 - 6.771 (January 1994), 6.484 (1993), 6.036 (1992), 6.396 (1991), 6.189 (1990), 7.310 (1989) Fiscal year: calendar year

@Denmark, Communications