In terms of billing, Galicia is the one that gained the most and Aragon suffered the biggest cut
SANTA CRUZ DE TENERIFE/MADRID, May 24. (EUROPE PRESS) –
Twenty companies moved their headquarters from the Canary Islands to another autonomous community during the first quarter of the year, which is 25.9% less than in the previous quarter, and 36 companies settled on the islands from other regions, 80% more, according to the ‘Study on Changes of Address’ of Informa D&B.
Nationwide, 1,544 companies moved their headquarters to another community in the first quarter, an increase of 30% compared to the previous quarter and the highest number since the second quarter of 2021.
By territories, Madrid is the community that gained the most companies from these transfers during the first quarter, adding 31 companies, while another nine autonomous regions added a company in the first three months of the year: Castilla-La Mancha increased 26; followed by Galicia (25); Valencia (17); Navarra (16); Canary Islands (16); Cantabria (9); Extremadura (5) and La Rioja and Asturias, with one more in both cases.
In the general calculation, these movements of companies experienced a sharp rise in 2017, as a consequence of the independence referendum in Catalonia, reaching 6,276 in the accumulated figure of 2018. From that year on the number decreased and remained at 4,503 in 2020. In 2021 it rose again to reach the second most important figure since 2015, a total of 5,401, while in 2022 the figure remained at 5,034.
The director of Informa D&B Studies, Nathalie Gianese, has highlighted that, since 2015, only in five quarters have there been more than 1,500 transfers, the last one in 2017 and the first two in both 2018 and 2021.
ANDALUSIA, THE ONE THAT LOSES THE MOST COMPANIES
Andalusia was the community with the highest negative balance between company entries and exits in the first three months of the year, since it subtracted 58. It was followed by the Basque Country, which lost 29; Castilla y León, which reached a negative balance of 19; Catalonia (16 less); Murcia (12 less); Aragon (8 less); Balearic Islands (3 less), and Ceuta and Melilla, in both cases with one less.
Compared to the first quarter of last year, five communities maintain negative balances (Catalonia, Castilla y León, Murcia, Ceuta and Melilla) and four go from winning to subtracting (Basque Country, Balearic Islands, Aragon and Andalusia).
Likewise, four communities maintain a positive behavior in both periods (Valencia, Madrid, Asturias and Castilla-La Mancha) and the rest begin to receive more than those that leave.
ARAGÓN LOSES MORE THAN 4,000 MILLION DUE TO THE DIFFERENCE IN BILLING
If we look at the turnover represented by these companies that have changed their address, Aragon was the one that cut the most, 4,029 million euros. The Basque Country was next, although at a great distance, since it subtracted 744 million euros; while Valencia lost 357 million euros; Andalusia, 292 million euros; and Madrid, 149 million euros.
In addition, due to these changes, Galicia was the region with the best balance, totaling 3,861 million euros this year. Behind, Catalonia, which added 1,609 million euros, with the arrival of six of the ten companies with the highest sales that have moved during the first quarter of the year.