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Economic growth in Spain provides opportunities for Swedish companies

On the 20th of February, Prime Minister Stefan Löfven is visiting Spanish Prime Minister Mariano Ray in Spain. Together with Business Sweden and the Embassy of Sweden, Stefan Löfven will visit a start-up incubator, which is a joint-project between Ericsson and Telefonica.

The growth rate in Spain is the highest since 2007. Spanish exports and domestic demand has been increasing in the last quarter of 2014. Spain’s central bank is projecting employment and GDP to continue to increase.   

-       Sustained economic growth in Spain is very positive for trade relations, not least within the framework of innovation and sustainability. We are expecting opportunities to arise for Swedish companies interested in establishing a presence in Spain, says Malin Svensson, Country Manager for Business Sweden in Madrid.

An example of bilateral cooperation is the European Spallation Centre, where Spain has been a central partner, providing scientists and engineers. Spain will cover five percent of the total project cost as well as delivering a major share of the projects hardware. Moreover, fruitful collaborations are on-going in for example health care, mining and telecoms.

Spain is Sweden’s 14th important export market. In 2014 exports amounted to 19 billion SEK. 

20 February 2015