The blockade of Hormuz will cost the Basque Country EUR 200 million in energy, according to the Basque Government
Industry Advisor Mikel Jauregi has stated that industry is "the sector that is suffering the most from the effects of the energy crisis."
The Industry Advisor of the Basque Government Mikel Jauregi has warned that the "energy crisis"caused by the blockadeof the Strait of Hormuz has cost the Basque Country EUR 200 million, "equivalent to the construction of two hospitals in Toulouse", and has warned that the situation in the Middle East "is not improving".
Jáuregui participated in the meeting of the Basque Industry Council held today, Monday, in Zamudio (Bizkaia), which brought together representatives of the industrial sectors, business associations and various Basque institutions.
"Our way is to create more industry and a better industry."
During the meeting, the Councillor stated that the industry is "the sector that is suffering the most from the effects of the energy crisis".
However, he points out that "despitethe global geopolitical uncertainty and economic weakness of Europe — the destination of two-thirds of our exports — the Basque industry is showing remarkable resilience, with a historic commitment to innovation and the promotion of industrial employment. "
He said, "Faced with this reality, there are no magic rods. Our way is to create more industry, make better industry and reduce emissions. We also need more cooperation and less bureaucracy."
You might like
Glovo is accused of having kept the company's distributors working on the streets during the October 3 storm
The five investors interested in buying Tubos Reunion will meet with the unions next week
ELA and LAB demand "more leadership" from the government to convene employers to negotiate their own SMI
SpaceX and Tesla are considering merging to create a tech giant backed by Elon Musk
Wine unions announce mobilizations in Rioja Alavesa in search of an agreement
There will be news: the lehendakari meeting with ELA and LAB, the cold front and protests in France
Denis Itxaso advocates new measures to rent empty homes
The average income in the Basque Country increased by 7.2% in 2024, to 28,170 euros
LAB's General Coordinator calls for participation in the November 11 general strike to channel citizens "demands
