Joseba Barandiaran regularly comments on the state of the Basque Economy. An example below .. an excerpt from his latest view in Basque Tribune called “Move On” which came out in August 2018.
There are lots of positives especially on CAF and Irizar. BBVA has been mentioned and one hopes a piece will soon come about their possibly disastrous excursions into Turkey and Mexico post 2011-12…… If Turkey were to impose capital controls (low probability but it is after all a volatile region) then one wonders about any plan B by BBVA – historically an astute outfit (avoiding some of the excesses in the first decade of the XXI century)……..
JB also warns about the darkening international outlook with the Trump tantrums (Trade Wars) and the “fog of Brexit”. For a manufacturing exporter which is the Basque-Navarran economic area …… the outlook could be a lot more challenging in the months ahead ……
“rail solutions company CAF just bought Polish bus manufacturer Solaris, to strengthen its electric coaches section, which is basically what world class Irizar is also trying to do in its new factory in Aduna (Gipuzkoa).
Car components and subassemblies maker CIE Automotive has made it to the Spanish stock market Ibex-35 index, joining Viscofan, BBVA, Iberdrola and Siemens-Gamesa. Also Mercedes is heading to record production in Vitoria-Gasteiz and Volkswagen in Iruñea-Pamplona is heading for a second model after the Polo.
But it is not only mobility and electricity for Basque companies.
The machine tool sector is also prgressing. An example of this is Ibarmia Group´s new factory in China“
The whole article can be found in the link below:
Core 