Vabrik nr 60 ENG PDF Print
Eesti Tööandjate Keskliidu sõnumitooja „VABRIK“ Nr.60. juunil 2010

Lesson from Spain: interest and cooperation despite big differences

From 18th to 22nd January this year the delegation of the Estonian Employers’ Confederation was visiting the Kingdom of Spain. The field trip for the leaders of business organisations was carried out as part of the “Programme to improve the capability of Estonian business organisations" funded by the European Social Fund through the Estonian State Chancellery.

As part of the trip, the delegation visited the Spanish Confederation of Employers’ Organisations (Confederación Española de Organizaciones Empresariales, CEOE) and its regional business organisations in Andalusia (The Andalusian Confederation of Businessmen and Women or La Confederación de Empresarios de Andalucía, CEA) and Fomento in Catalonia (Fomento del Trabajo Nacional).

torn

The aim of the visit was to give the leaders of Estonian business organisations an opportunity to establish direct contacts with their counterparts in Madrid, Seville and Barcelona, to share information about services offered to members and map any possible future cooperation. The visit was also an opportunity to get an overview of the impact the economic crisis has had on the Spanish economy.

“I am glad to say that the field trip was very informative and successful in every respect. In the area of engineering and consultancy, for example, we now have a concrete future cooperation plan in place,” concluded happily the Confederation’s director of international relations Eve Päärendson.

Read further>>

Space for improvement in Estonian and Spanish economic relations

Ambassador: despite problems Spain continues to attract investors and business partners

Andalusia’s businessmen wish to increase trade with Estonia

Spanish theatre system unique in Europe

Special thanks to organisers and supporters!



BUSINESSEUROPE

 

 

Space for improvement in Estonian and Spanish economic relations

Estonia and Spain are situated at the opposite perimeters of Europe and appear quite different at first sight, and yet there are many similar characteristics and likenesses in the development of the two countries.

Spain was consistently supportive of Estonia’s strive to join the EU and NATO. The economic reforms of both countries have been fairly similar in their effort to reduce state interventions and increase the role of the private sector. The key words are openness, liberalisation and lowering the tax burden, priority areas are IT and new technologies.

In 2009, Spain was Estonia’s 22nd trade partner (21st in 2008) accounting for 0.8% of Estonia’s total foreign trade turnover. As an import partner, Spain ranks 20th (0.7%) and as an export partner 23rd (0.6% of total export). The majority of export comprised machinery and equipment (19.6%), followed by other industrial products (15.2%) and products of plant origin (15.1%). Import from Spain consisted mainly of products of plant origin (17.9%), followed by finished food products, drinks and tobacco (15.1%) and textile and textile products (13.8%).

According to 2008 data, Spanish investments in Estonia amounted to 386 million kroons, which is 0.2% of all direct investments into Estonia. In 2007, Spanish direct investments totalled 346.5 million kroons with companies such as Iberdrola and Marbella Club Hotel S.A. entering the Estonian market.The Spanish have mostly invested in financial intermediation. Estonian companies invested in Spain 798 million kroons in 2007, 772 million in 2008 and 802.6 million in 2009, which was 1% of all foreign direct investments made.

Read further>>

Ambassador: despite problems Spain continues to attract investors and business partners

Before the field trip ambassador Eduardo Ibáñez López-Dóriga met with the members of the delegation and briefed them about the problems and opportunities of the Spanish economy, and their priorities as one of the EU’s presiding countries. The Factory brings you the ambassador's speech in full.

„There is little doubt that Spain has been hit hard by the economic crisis and there are several macroeconomic figures which are indeed reason to worry. Perhaps the two main concerns at this time are the figures of unemployment –with approximately 3,9 million unemployed, reaching 19,4% at the end of 2009; and, secondly, the public deficit which is at 9,5% of the GDP. The burst of the real estate bubble –which had been one of the drivers of Spanish economy in recent years, is still pulling back the economic performance.

Nevertheless, with these bad news in mind, I would like to offer a sober analysis, by which, on the one side, Spain has not been worst affected than its EU partners in other economic indicators –rather the contrary in many cases-, and, on the other side, one must not lose sight of those more stable factors which had made Spain one of the world’s main recipients of foreign investments, factors which are still very much there for those willing to take the chance.

Read further>>

Andalusia’s businessmen wish to increase trade with Estonia

At the 20th January meeting in Seville, Ramón Contreras Ramos, who is the director of international relations from Andalusia’s most widely represented business organisation the Andalusian Confederation of Businessmen and Women CEA, gave the Estonian business delegation an overview of the economy in Spain's 2nd biggest region and CEA’s successful activity as social partner resulting in several agreements that have improved the economic growth and employment in the region.

Newsletter The Factory will give you a summary of Ramón Contreras Ramose’s speech about the autonomous region of Andalusia and the organisation of local entrepreneurs CEA.

Read further>>

Spanish theatre system unique in Europe

The Factory interviews Kristiina Reidolv, managing director of the Association of Performing Arts Institutions

What could Estonia learn from Spain?

The biggest plus is Spain’s differentiated VAT system which puts culture in a favourable position. Estonia abandoned its VAT incentives to performing arts institutions raising it from 5% to 20%, regardless of the protest from numerous institutions, and we are already experiencing the consequences. The Ministry of Culture promised VAT compensation, which was available in 2009 at about 50%, but there are no compensation figures written into 2010 state budget.

There is also a very successful system of private and project-based theatres in Spain, which are less developed in Estonia. It must be said though that in these times of economic depression many Estonian performers who are either freelancing or unemployed are organising themselves and creating new initiatives in the form of project theatres.

Over and above our sector it would be useful for Estonia to study the pros and cons of transferring to the euro, which is something that Spain could definitely help us with. For instance, in performing arts it transpired that adopting the euro in Spain was very beneficial for signing contracts with foreign performers.

Read further>>

Special thanks to organisers and supporters!

The Spanish Confederation of Employers’ Organisations (CEOE) with its regional member associations in Andalusia (CEA) and Catalonia (Foment) were of great help preparing and hosting the trip. The Employers’ Confederation would like to thank the CEOE’s representative in Brussels José Isaias Rodriguez and his most helpful colleagues in Madrid head quarters, in regional member associations in Seville, Andalusia (CEA) and in Barcelona, Catalonia (Foment), who all contributed to the success of the visit. We are also grateful for the opportunity to meet the industry and trade chambers in these regions.

The Confederation would also like to thank the Estonian ambassador in the Kingdom of Spain Toomas Kahur, economic adviser Kirsti Anipai-Peinar and the embassy’s secretary Pille Rojo, whose professional efforts resulted in a fruitful trip. Our thanks go also to the Estonian honorary consuls Fernando Franco Fernandez in Seville, Andalusia and Josep Lluis Roveira in Barcelona, Catalonia.

Many thanks to the Spanish ambassador in Estonia, Eduardo Ibáñez López-Dóriga, who met the delegation shortly before the trip and gave them an overview of Spain’s economy and its priorities as one of the EU's presiding countries. See press release of the meeting >>

The field trip delegation would in turn like to thank all the organisers and background facilitators!
Aadress Kiriku 6, 10130 Tallinn • Telefon +372 699 9301 • Faks +372 699 9310 • E-post This e-mail address is being protected from spambots. You need JavaScript enabled to view it