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10/05/2010

The Basque Country returns to growth

At the official reception to mark San Ignacio's Feast Day held at the Provincial Council building, José Luis Bilbao, the Chairman of Bizkaia Provincial Council, stressed that "we were the last to be hit by the economic crisis and we had to be the first to recover. Today, I am more optimistic than yesterday and I am convinced that we are going to be the first in our zone to come out of the crisis".

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The Basque Country returns to growth

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In his opinion, the figures are beginning to show signs that the recovery "has begun" and, specifically, he alluded to the data regarding economic activity, exports, industrial production, tourism and employment.

In turn, Markel Olano, the Chairman of Gipuzkoa Provincial Council, pointed out at the General Policy Plenary Session that "the half-yearly economic figures for Gipuzkoa have shown year-on-year growth of 0.2%".

Olano stressed that "Gipuzkoa imports were up 22.9% to June, figures close to the growth of the Basque Country, which can be considered as a build-up to the start of a cycle of greater activity from the second half of the year. This enables us to be moderately optimistic about this".

The Araba provincial councillor, Xabier Agirre, also stressed that Araba had reacted to the economic crisis with its own measures "aimed fundamentally to offset the impact of the economic downturn on families and our companies".

"Three years of Nationalist government in Araba has meant, among other things, the consolidation of social policies, increased territorial balance, the start of the process to diversity our industrial structure, based on innovation, and positioning Araba on the path to recovery, as can be seen from some economic indicators," he added. 

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