77065
Catalan Small Firms Relocating
Catalan Small Firms Relocating

Catalan Small Firms Relocating

Catalan Small Firms Relocating

Small Catalan firms are moving their headquarters outside of the region or setting up parallel companies to skirt a boycott of goods from Catalonia by Spaniards angry over its separatist push, AFP reported. While tensions have eased somewhat since Spain’s central government last month took direct control of the northeast region and has scheduled regional elections in December, many businesses in Catalonia still feel the need to guard against uncertainty.
The head of a small family-run business said he believes setting up a duplicate distribution firm for his goods in Madrid was the right move. His company’s sales have plunged by over 30% since Catalonia went ahead with a banned referendum on October 1 followed by the Catalan parliament unilaterally declaring independence. The new distribution company allows him to slap his products with a Madrid address that he hopes will help sales recover. “We won’t sell anymore if we don’t do this,” said the businessman, who like other executives in Catalonia did not want to be identified due to the sensitivity of the independence issue.

Short URL : https://goo.gl/ej7GmG
  1. https://goo.gl/tpbM4j
  • https://goo.gl/sN8ELg
  • https://goo.gl/jnGRc4
  • https://goo.gl/SGti86
  • https://goo.gl/enfJ8p

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus