Economy

Balearic President: Keep up the good work to ensure growth

Maria Jose Maciá, territorial director for the Balearics of Banco Santander; Carmen Serra, president of Grupo Serra, (publishers of the Bulletin); Balearic president, Francina Armengol; Rami Aboukhair Hurtado, country head Spain, Banco Santander; and Paula Serra, director of the TV and radio arm of the Serra Group, who interviewed Armengol on stage during the event. | Joan Torres

Majorca Daily Bulletin reporterPalma18/02/2016 00:00

Balearic president, Francina Armengol, today encouraged the Balearic business sector to continue working hard to ensure economic growth at an event organised by Banco Santander and Grupo Serra (publishers of the Bulletin) at the Hotel Valparaiso in Palma.

Armengol, in a keynote speech to more than 250 Balearic business leaders, said that now was the time to invest in the islands because of the good economic conditions and low interest rates. She underlined the fact that the islands were looking forward to a record holiday season and the local economy was continuing to prosper. However, she also called for the economic growth to be translated into well-being for the people of the islands. The Balearic president underlined the fact that the islands were open for business and said that local companies should continue to try and open export markets.

She congratulated all those present for their hard work and dedication during the “dark days” of the recession but stressed the fact that there was still work to be done in all areas. Armengol also said that her left-wing coalition government would continue to help the local business community.

Rami Hurtado, Country Head Spain of Banco Santander, thanked all those present for attending and said that their doors were always open to help the local business community.

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Palmadave | over 8 years ago

Export what to where?

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Simon Tow | over 8 years ago

A lot of talk with no substance, which, with Armengol, is par for the course. When she says "dark days" she really means " when those horrible people from the PP were in power". I also doubt whether she can spell the word business let alone understand its meaning, except that it has something to do with tax and paperwork.

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Sean Dobson | over 8 years ago

Why does Armengol bury her head in the sand and never mention the tourist tax that is likely to put a brake on visitor numbers.? The Balearics will,without doubt attract more visitors because of the problems in many of it's competitors but already hands are being held out for a share of this money,many of which have nothing to do with the environment or improvements to tourist infrastructure,and all BEFORE a single cent has been collected. Don't take things for granted,tourists can go elsewhere in Spain that does not have a tourist tax and are cheaper than Majorca and there are still safe destinations other than Majorca,it won't be 2016 that decides things but how many tourists go elsewhere in 2017.

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