A growing interest in investing in Asturias despite the COVID19 pandemic

The Economic Development Institute of the Principality of Asturias has received 59 applications for aid from companies that want to invest

What can Asturias do to attract economic activity? Eva Pando, Managing Director of the Economic Development Institute of the Principality of Asturias (IDEPA), outlined the keys to our region’s strategy to remain an attractive destination for both domestic and foreign investment during a debate organised by the Asturian newspaper La Nueva España,

Pando presented some data that gives an idea that, despite the crisis associated with the coronavirus pandemic, there is interest in companies to develop projects in our region. “We have received 59 applications for aid from companies that want to invest,” she said, adding that IDEPA is also working with 22 technology-based companies that have plans for Asturias.

16 October, 2020 /

Remote work Spain Asturias safe work paradise

#SafeWorkParadise, a campaign to encourage teleworking from Asturias

Through the area Invest in Asturias, IDEPA seeks to attract talent to a region that has ideal conditions for remote work

The situation resulting from the COVID19 pandemic has brought a new scenario to the world economy. Months of confinement and almost total paralysis of economic and business activity have led to an increase in teleworking, a circumstance that is both uncertain and hopeful, also for Asturias.

Many companies and professionals were not used to working remotely. However, many other organisations have been developing this methodology for years, endeavouring to make this form of inter-company communication possible and demonstrating that it is real and productive.

13 August, 2020 / 1

ArcelorMittal Hornos Altos empleo inversión extranjera directa Asturias

Asturias, third Spanish region in increase of employment generated by Foreign Direct Investment

Companies with foreign capital generated 31,855 jobs in Asturias in 2018, 10.9% more than the previous year

Asturias is the third Spanish autonomous community in terms of the growth rate of employment generated by Foreign Direct Investment (FDI) in Spain, according to the latest data published by the Ministry of Industry, Trade and Tourism, which corresponds to the year 2018.

Specifically, Asturias recorded an increase in the employment rate of 10.9% with respect to 2017, only behind Cantabria and the Community of Madrid (this with an increase of 11.7%). In absolute terms, the employment generated by FDI in Asturias in 2018 was 31,855 occupied workers.

26 June, 2020 /

Twenty years of the IQPA Cluster, a joint effort by the large chemical companies to make Asturias grow

The chemical and process industry in Asturias reaffirms its commitment to innovation, sustainability and collaboration

This year marks two decades since the creation of the Association of Chemical and Process Industries of Asturias (AIQPA), which represents a key sector in the regional economy and is a flagship for the promotion of Asturias as an industrial region.

The association and the IQPA Cluster have been sponsoring the collaboration between professionals from companies in the sector for twenty years with a technical approach and a commitment to innovation, sustainability and cooperation.

15 June, 2020 /

Eva Pando Café Conecta Conecta Industria

“Asturias has the conditions to lead the reindustrialization in Spain”

Eva Pando focuses on digitalization and the circular economy the challenges of Asturian industry in the post-COVID19 era

Eva Pando, General Manager of the Economic Development Agency of the Principality of Asturias (IDEPA), considers that Asturias is in a privileged position to lead the reindustrialization process that will necessarily have to take place once the effects of the COVID-19 give way to economic recovery.

“Asturias is an industrial region, we have a long tradition and a history of industry that we carry in our DNA. And these weeks of crisis have seen the supply of engineering linked to that industrial trajectory,” said Pando in an interview with Conecta Industria in reference to the proposals that are emerging from our region to fight against COVID-19.

24 April, 2020 /

Industria química Asturias inversión extranjera 2019

Foreign investment grew in Asturias in 2019 above the national average

The chemical industry led the entry of inflows into the region

Foreign productive investment grew by 886% in Asturias in 2019 compared to 2018. It is the fourth position at national level in terms of annual increase, according to data made public by the Ministry of Industry, Trade and Tourism.

Specifically, gross investment (discounting Foreign Securities Holding Entities) increased in our region from 11 to 117 million euros. Asturias increased its inflow thanks to significant investment from the Chemical Industry, specifically the Artificial and Synthetic Fibre Manufacturing subsector, whose investment in the first quarter of 2019 represented an injection of 103 million Euros into the region. It is followed by Wholesale Trade and Programming and Consultancy sectors.

26 March, 2020 /

Presencia de Asturias en WindEurope Offshore 2019

Asturias explores ways of business with the big players in the offshore wind sector

A large delegation from Asturias was present this week in Copenhagen (Denmark) at ‘WindEurope Offshore 2019’, the most important international conference of the offshore wind industry and in which our region demonstrated that it has a very important role to play in the future of this sector.

Invest in Asturias was part of the Asturian institutional delegation at the conference, organised by the Sociedad de Promoción Exterior Principado de Asturias S.A. (ASTUREX) and integrated by the Ports of Gijón and Avilés, the technological centre IDONIAL and a representation of Asturian companies that already work for the offshore wind sector.

28 November, 2019 /

Encuentros empresariales IDEPA Asturias un lugar donde invertir 2019

XXVIII Business Forum: Asturias, a place to invest

This year´s edition will be focused on the attraction of investments to favour the economic development of Asturias

The President of the Principality of Asturias, Adrián Barbón, will attend on December, 12th., the XXVIII Asturian Business Forum. This annual meeting of business representatives, regional and national Administration, economic promotion bodies and entities, technology and research centres, universities and those people interested in the economic development of Asturias will be held at the Hotel de la Reconquista (Oviedo).

In this year’s edition, we will tackle the attraction of investments as one of the necessary strategies to favour the economic development and productive diversification of Asturias.

23 October, 2019 /

TheSteelPrinters begins manufacturing industrial spare parts in 3D

The alliance between ArcelorMittal and Frankstahl innovates from Asturias in the field of additive manufacturing

TheSteelPrinters, the alliance between ArcelorMittal and the Austrian company Frankstahl with its factory in the Principality of Asturias Business Park (PEPA), begins to bear fruit. It projects to manufacture around 2,900 spare parts for the industrial sector in two years.

20 September, 2019 /

Asturias cuarta región española en FDI productiva de España

Asturias, 4th region in foreign productive investment in Spain

It recorded a stock of Foreign Direct Investment of 16,352 million euros at the end of 2017

Asturias occupies the fourth position among the autonomous communities in foreign productive investment in Spain, according to last data collected in the Register of Foreign Investments of the Ministry of Economy, Industry and Competitiveness.

Specifically, our region recorded a stock of Foreign Direct Investment (FDI) of 16,352 million euros at the end of 2017, 4.1% of the Spanish total.

Spain is one of the main recipients of foreign investment worldwide. The total position of FDI in Spain in terms of accumulated stock stood at 659,000 million dollars (592,280 million euros) at the end of 2018, according to the latest data from the United Nations Conference on Trade and Development (UNCTAD) in June 2019. This means that Spain ranked as the fourteenth recipient economy.

The stock of productive FDI already represents 46.2% of Spanish GDP, the second highest ratio after that of the United Kingdom among the five main European countries.

Exports and foreign affiliates in Spain

Foreign affiliates in Spain play a fundamental role in exports. They account for 44% of total Spanish exports and 38% of business R&D expenditure.

In terms of employment, 1,394,968 jobs in Spain depended on foreign investment at the end of 2017, 28,165 of them in Asturias.

By autonomous communities, the distribution of the FDI stock is concentrated in 89.5% in four of them: Madrid (68.1%), Catalonia (13%), Basque Country (4.3%) and Asturias (4.1%), although the so-called “headquarters effect” tends to overestimate the locations in the major economic poles.

By sectors in FDI total stock, Energy, Metals and Maufacturing of other Materials, Real Estate, Building and Infrastructures and Retail and Wholesale are leading the list.

The stock of FDI is an indicator that shows the longest lasting confidence of investors in the local economy and its companies. It is a “photograph” of companies that are installed in a territory. It adds up everything invested except divestments and amortizations.

12 September, 2019 /

Asturias