ry is the Republic of
Austria, but is most commonly referred to by its short-form name of
Austria. Austria's government operates as a federal republic, and is
divided up into nine administrative states, and the capital is Vienna. The
current chief of state is president Thomas Klestil, and the head of
government is chancellor Wolfgang Schuessel.
The Austrian constitution was founded in 1920, revised in 1929, and
reinstated in 1945. The legal system used in Austria is a civil law system
with origins in Roman law. There is judicial review of legislative acts by
the Constitutional Court, and there are separate administrative and
civil/penal supreme courts. The voting age in Austria is 19 years of age,
and participation in voting procedures is compulsory for presidential
Austria has experienced a well-developed market economy and a high
standard of living similar to other EU countries, especially Germany.
Foreign investors have been attracted to Austria's access to the single
European market since Austria gained membership in the EU. Austria brought
its total public sector deficit down to 2.1% of GDP in 1999, and brought
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