The executive favored processing the Sovereignist Coalition’s proposal along with its bill on subsidies. The initiative aims to force companies with relocation plans to repay all aid received in the past 10 years.
He Basque government announced its favorable criteria for consideration of the grants bill together with a bill tabled by EH Bildu to prevent the relocation of companies and encourage their establishment in the Basque Country. The initiative aims force companies with moving plans repay all aid received in the past 10 years.
As explained by Basque executive spokesman Bingen Zupiria, the Basque Country currently has “enough regulation” to respond to corporate relocation cases. In this sense, there are formal regulations and provisions to this effect in the support of the Basque government to companies.
The Basque government advocates proposing provisions that contribute to promoting anchorage and preventing displacement “provided that these measures fit into the European regulatory framework and in our area of competence”. However, he warns that any additional condition that exceeds the European regulatory framework would place the Basque Country and Basque companies “in less competitive conditions compared to their environment”.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
