Catalan Republic: a magnet for firms

Article written by Pere Miret, Economist and member of the Economy Section of the National Catalan Assembly (ANC).

Published at Catalonia Today, on February 7th 2016.

Under the Catalan independence process in progress, some Spanish nationalist sectors persist in spreading false information about the alleged relocation of businesses in Catalonia. It must be said that the arguments attempting to sustain these discourses are based on incorrect assumptions, such as a hypothetical exit from the European single market in the event of independence. Catalonia’s independence does not mean a departure from the single market. Independence will not break the free movement of goods, people and capital within the European market.

In any case, the data available so far contradict the biased opinions that claim that the independence process harms the location of businesses in Catalonia or that it may cause companies to flee. Indeed, the Spanish official data show that in the first three quarters of 2015 foreign direct investment flowing to Catalonia experienced an extraordinary increase of 240.4% compared with the same period the previous year.

You can read the rest of the article here.

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