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Europe >> Scotland >> Business and Economy of Scotland

Busines and Economy of Scotland

The development of North Sea oil in the seventies provided a big boost to the economy of this country and the country still enjoys it benefits. Agriculture and heavy industry once the mainstay of this economy have shrunk and have been overtaken by new technology businesses. Some of the country’s major exports include petroleum and natural gas, as well as woolens, whiskey, burlap, clothing and machinery. Trade Unions are quite prominent in the economic and political scene, lead by the Scottish Trades Union Congress, with a large following of almost a million Scots.

Being a part of the UK, Scotland is automatically a part of the European Union. The leading economic centers are Glasgow and Edinburgh.

Business Guide

Edinburgh, St Andrews and Glasgow would be the three foremost economic and trade centers in the country. Business meetings continue to have a terse atmosphere in the bigger establishments, although the new generation startups have a very 21st century relaxed attitude to business. Formal attire is recommended.

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