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CANTABRIA, AN ATTRACTIVE
REGION FOR INVESTMENT
CANTABRIA
Population: 600.000
Area:
5.000 km 2
GROSS DOMESTIC PRODUCT
GDP: 12.300 m €
Unemployment rate: 17%
Industrial contribution
20% GDP
Not so tourist-based
Service Sector
GDP
Infludence of
Stockbreeding and
Fishing carry
Primary Sector
Reduced Construction
Sector
CRISIS IN SPAIN: MAIN PROBLEMS

Hyperdependence on the property bubble

Rigidity of the labour market

Lack of responsability when facing the drop in
income  Not compensated by the adjustment of
public expenditure
CRISIS EFFECTS  2008-2011
GDP
-7%
Public debt
325 m €
+500%
Unemployment rate
17%
1.800 m €
+27.000
6%
+183%
2011  NEW GOVERNMENT
EMERGENCY
Fiscal consolidation
process
OBJECTIVE
Employment
FISCAL CONSOLIDATION
CRITERIA
Eliminate
superfluous
expenses
Welfare State
Minimum tax
increases
FISCAL CONSOLIDATION RESULTS
2011
513 m € (4,04% GDP)
2012
175 m € (1,4%)
2013
145 m € (1,2%)
2014
125 m € (1%)
DEFICIT EVOLUTION 2011-2014
-75%
STRUCTURAL REFORMS
SPAIN GOVERNMENT
CANTABRIA GOVERNMENT
Financial system
Restructuring Plan of the
Public Enterprise Sector
Budget Stability Law
Energy sector reform
Reform of the training
system for the unemployes
Labour reform
Regional administration reform
Public administration reform
Tax reform
CANTABRIA, ATTRACTIVE FOR PRIVATE INVESTMENT
ECONOMIC MODEL
Reduction of superfluous expenses
+
Lowering taxes
+
Major funding for the Welfare State
=
EFFECTIVE ECONOMIC MODEL
CANTABRIA TODAY
Regional GDP in 2014:
New employees in 2014:
2%
5.000
2015 Regional employment
2015 Regional GDP
forecast:
forecast :
10.000 employees
3%
CANTABRIA TOMORROW
CANTABRIA 2020
Based in
R+D+i Economy
and ICT
Sustainable
economy
Health System
and Education
↓
Continuous
improvement
process
CONCLUSIONS

A regional administration can make its region
more attractive for private investment

Structurals reforms create the optimal scenario
for economic growth

Cantabria has reduced taxes, streamlined the
Administration and offers legal security

Today,
Cantabria
employment
grows
and
creates