Thanks to its geographical position, Belgium is a key-country in the world economical panorama. It’s a crossroad of the global market because of its well-developed roads and rail network which allow the interaction between the country, the UK and continental Europe. However, Belgium is split up in three regions which present different features. In fact, the Flanders are more developed than the Wallonia. Brussels is the economic, political and cultural center of the whole area. As it includes the headquarters of the main European Institution, it is focused on the third sector and it presents a service oriented market. The shipping trade is of great importance as Antwerp is the 4th biggest harbor in the world.
Belgium in general and Brussels in particular are defined as leading area in which to do business. The availability of qualified staff, the easy access of key market, favorable tax policies and financial incentives are the main reasons of Belgium’s leading positions in attracting big and small companies’ headquarters.
In Belgium, the legal working week is 38 hours. Apart from the legal working week, enterprises may alter working time in line with their companies’ requirements. Workers may work appropriately remunerated overtime.
Approximately 73% of those who are employed in Belgium work in the service sector, 25% in industry and only two% in agriculture. Unemployment rates vary from region to region, for example in Flanders, unemployment tends to be lower than in the Walloon region.