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Business
Industry
Basque coach maker opens new bodywork factory in India
Irizar firm now has a 8-million factory in Viralimalai.
Basque coach and bus producer Irizar inaugurated a new, 8-million factory in Viralimalai, India, on February 19.
Irizar continues with its internationalization efforts based on what are known as the BRIC countries (i.e. Brazil, Russia, India and China), these being the emerging economies with...
January 2010
Industrial activity in the Basque Country falls by 4.8%
According to the Basque Statistics Office Eustat, compared to the previous month, December 2009, industrial production in the Basque Country fell by 2.3%. (Read more)
Foreign trade statistics
Basque exports fell by 11.1% in the fourth quarter of 2009
According to the Basque Statistics Office, trade surplus of 2,328 million euro in 2009 with a coverage rate of 119% due to the drop in imports. (Read more)
Labor Ministry data
Number of unemployed people in Spain rises to 4.13 million
It was the seventh consecutive monthly increase following a drop in claims for three straight months over the summer period. (Read more)
CAF
Basque firm confirms its interest to supply Montreal subway cars
"A presence in Quebec will allow us to adopt a more aggressive commercial approach, with the support of our local suppliers", declared Jesus Esnaola, general manager of international business at CAF. (Read more)
Construction costs rose 1.3% in January 2010 compared to December
The Construction Costs Index rose by 1.3% in the Basque Country in January 2010 with respect to the previous month, which means that the year-on-year rate for that month shrunk by 0.1%, according to EUSTAT data.
In January 2010, labour costs increased by 2.0%, whereas raw material costs were up by... (Read more)Gipuzkoa exceeds European average for expenditure on R&D
Gipuzkoa is the province that made the highest investment in R&D (2.23%), measured in GDP terms, which is higher than the EU-27 average (1.90%) for the second year running, according to Eustat data. This indicator was 1.73% in Bizkaia and 1.46% in Alava, with all three provinces being over the... (Read more)
Sales at Basque large stores rose by 5.7% in January 2010
Sales registered in the large stores of the Basque Country in January 2010 posted a nominal year-on-year increase of 5.7% in homogenous terms of the working calendar, according to Eustat data. The two main sectors performed differently in January.
Sales of food products in the Basque Country... (Read more)Spanish carrier Iberia posts record operating loss for 2009
Spanish carrier Iberia posted a record operating loss on Thursday, hit by declining air travel and underscoring challenges facing the industry as the airline seeks shelter in a merger with British Airways.
Iberia said its loss before interest and taxes (EBIT) widened to 464 million euros ($629... (Read more)Basque industrial prices rose by 1.0% in January 2010
Industrial prices rose by 1.0% in the Basque Country in January 2010 compared to the previous month, according to EUSTAT data. With these figures, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, showed a downturn of 1.0%.
A more... (Read more)