65% of foreign companies established in the Basque Country plan to increase their turnover by 2023
According to the Barometer of Invest In The Basque Country 2022-2023 on business expectations for 2023 and the existing Business Climate in the Basque Country, 64% of Basque companies with foreign capital in the Basque Country expect to increase their turnover next year, while 26% estimate that their sales will stay the same.
Regarding to the evolution of employment, 44% of the companies surveyed to increase their workforce, while 50% of them believe that it will stay almost the same.
The Barometer also gathers the opinion of Basque companies with foreign capital on the Labour Market and Human Capital in the Basque Country. These data show that the aspects most highly valued by the companies are the technical knowledge of the available workforce (64% consider this to be Very Positive or Positive), as well as their capacity for innovation (58% of the companies surveyed consider this to be Very Positive or Positive). On the less favourable side are labour regulations and knowledge of foreign languages.
Finally, the Barometer of Invest In The Basque Country 2022-2023 lists the factors most highly valued by companies in terms of the Business Climate in the Basque Country. These include the Quality of Life (80% consider it to be Very Positive or Positive), the Innovative Environment (70% rate it Very Positive or Positive) and the Infrastructures available (66% rate it Very Positive or Positive). In the least valued aspect, Real Estate Costs stand out, where 58% of the companies rate it as Negative or Very Negative.
The Barometer of Invest In The Basque Country 2022-2023 is based on the surveys answered by 55 foreign companies established in the Basque Country. The results of the Barometer can be consulted on the SPRI / Invest In The Basque Country website.
Related news
‘Syngoi Technologies’: Columbus VP creates a new company in Bizkaia for synthetic DNA production
Columbus VP, a venture capital investment management company with a singular focus on business opportunities emerging in the biotechnology and life sciences sector.
German company “FEV Consulting” opens an Operations Centre in Bilbao
With the support of the “Invest in the Basque Country” initiative, FEV Consulting opened an office in Bilbao in 2020.
The Basque Government participates in the Research and production project for the vaccine against COVID 19, together with Harvard and the company VIRALGEN
Tapia highlights that, once Harvard advances with the vaccine, the Basque Country is ready to take on this opportunity that represents a unique health, social and business advance
The Financial Times ranks the Basque Country as the most attractive medium-sized European region in its strategy to attract foreign investment
fDi Intelligence magazine, a specialist division from the Financial Times group, highlights the efforts of the SPRI Group in attracting investment for the fourth time in a row
Companies have a guide to investing in the Basque Country
The document has been prepared by the SPRI Group and the company Sayma
A prestigious management training centre opens its first European office in Bilbao
The David J. Anderson School of Management targets the training of managers to increase the competitiveness of their companies using the Kanban method
Aided by the SPRI Group, the British company Jasun Envirocare will open a manufacturing plant in Enkarterri to operate in southern Europe
16 new foreign companies were established and another 22 already existing companies reinvested in Euskadi, the Basque Country, in 2018, creating 644 jobs and investing €136.3M through the “Invest in the Basque Country” strategy
In Cannes, the SPRI Group General Manager receives the Financial Times award for the Basque Country as an attractive region for foreign investment
four aspects of the Invest in the Basque Country strategy of the SPRI Group and the Basque Government have received awards
Columbus launches a €70 million fund for biomedicine
With the new investment fund, the managers plan to build two new plants in San Sebastian
The Financial Times continues to rank the Basque Country as an attractive region for foreign investments
This is the third consecutive year that the prestigious specialised publication has recognised the efforts of “Invest in the Basque Country”