The organization’s recently appointed president, Tamara Yagüe, has pointed out that while the economy is performing better than expected, it needs a tax system that stimulates economic growth, wealth creation and employment.
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The Basque Business Confederation, Confebasquehas called on the institutions to joint and urgent response to the demographic challenge facing the Basque Country. “We’ll have to pick up 140,000 people to accommodate the generation change and maintain the growth of our businesses.” Tamara Yagüe, the new president of the organization, in his first speech to the General Council.
Confebask held its usual Summer General Council this morning, where Tamara Yagüe has confirmed the replacement for the next four years of its then president, Isabel Busto. The new president has assured that, despite early year expectations, “The economy is performing better than expected”.
According to Yagüe, “prices are moderating in all areas, including energy”. According to his growth forecast of GDP in the Basque Country for 2023 remains around 1.5%with a slowdown in activity in the fall, “although a recession is not expected,” he said.
Apart from the general situation, the president of Confebask has conveyed some of the concerns of Basque companies, such as the short of staffthe margin reductionthe cost efficiencythe growing difficulty of financing due to the rise in interest rates or the high absenteeism in Euskadi.
So in between challenges for the coming years Yagüe has an elevated joint, agreed and coordinated strategy to attract people to work. the president points out that in this decade it will be necessary to “attract almost 140,000 people to cope with the coming generation change and to maintain growth” of the companies in the Basque Country.
Confebask also signals the need improve educational and professional guidance on at a young age encourage entrepreneurial and industrial occupationsas well as address a new fiscal look more focused on economic growth, the create wealth and employmentas the best guarantee to obtain public funds with which the Welfare state.
Yagüa concluded his speech with four messages: “Achieving greater social recognition for the entrepreneurvalue of the agreement and the social dialogueintensify the female leadership in the business world, and amplify the intense public-private cooperation“one of the most recognized properties by those of us who are in the Basque Country and by those who visit us”.
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.
