The Gothenburg region’s booming economy tapered off during the autumn, but many sectors continue to perform strongly. These were some of the findings in Business Region Göteborg’s fourth and last Economic Outlook report of 2018.
Establish and invest
Business Region Göteborg has awarded Qatar Airways with the key to the heart of Gothenburg for being this year’s most valuable international business establishment. The airline receives the award for its new direct flights between Gothenburg and Qatar’s capital Doha.
People from all over the world come to Gothenburg to work at the region’s companies and universities. On 7 December, nearly 200 foreign professionals and their families took part in the 18th annual Expat Christmas Event. In total, 43 countries and 44 different companies were represented.
The Gothenburg region’s booming economy faded somewhat in the autumn, shows Business Region Göteborg’s fourth and last Economic Outlook report of 2018. The labour market remains strong while housing prices have fallen and the number of redundancies has risen.
The Gothenburg region is faced with skills shortages in several areas. At the same time the business community needs access to top talent. International workers are, and will continue to be, an important piece in the puzzle.
“Now is the time to go out there and show what Gothenburg has to offer,” says Andreas Göthberg, head of FDI at Business Region Göteborg, one of the initiators of Move to Gothenburg.
The Gothenburg region’s 100 largest companies employ nearly a fifth of the region’s workforce, but the figure has declined over time as smaller companies grow at a faster pace. These are some of the findings in a new report, Företagande, from Business Region Göteborg.
For companies in the life science sector, the US is generally the most important market. Breaking into that market alone is not always simple, but acting as a group can make things considerably easier. The 3rd Nordic American Life Science conference will be held on 28-29 November in New York. The event is expected to gather over 120 company representatives from the USA and the Nordics.
China is actively opening up its market to the world via its first ever China International Import Expo. For Swedish businesses the move can mean new possibilities for exporting to China. And for Gothenburg, the expo is an opportunity to showcase the region.
The property and investment fair Expo Real is currently underway in Munich and Business Region Göteborg’s Andreas Göthberg is one of the people manning the Gothenburg stand. We received a progress report after day one directly from the fair.
The ongoing digitalisation is upending traditional business models. Meanwhile, new digital platforms are opening up new possibilities for companies. In West Sweden, one example of this is a new virtual incubator that now complements the region’s life science start-up scene.
The property sector gathers in Gothenburg on 11-12 September at the new meeting place Nordic Property Expo. Meanwhile, the region is in the middle of a historic period of rapid development. But in order for the planned development pace to continue, more construction capacity is required, explains Business Region Göteborg’s Andreas Göthberg
The private sector's wage sum in the Gothenburg region grew by nearly 7 per cent, which is much higher than for Sweden as a whole. This was one of the findings of Business Region Göteborg’s second Economic Outlook report of the year.
”A large portion of this wage sum growth is due to new highly qualified and well paid jobs being created in the region,” says Peter Warda, analyst at Business Region Göteborg.
A globally leading collaborative environment for artificial intelligence. This is the vision for the new AI centre in Lindholmen Science Park, which will be inaugurated in the autumn of 2018, and will help Europe to climb onto the global stage with regard to research into AI.
Our world today is ruled by technology. Social networks, online purchases and business IT systems are just a few areas where technology plays an important role. Data is often called “the new oil".
When the BIO International Convention gets underway on 4-7 June in Boston, USA, Business Region Göteborg will be on hand showcasing the region and its life science expertise. But competition is stiff with around 16,000 attendees from over 70 nations.
The Gothenburg region is growing faster than anyone could have predicted. The 2018 edition of Business Region Göteborg’s report Facts & Figures shows an attractive region that’s going through a positive transformation.
From health gadgets and apps to smart hospitals, new technologies are transforming the health industry. The world’s biggest laptop maker Quanta Computer is one of the companies bringing new solutions to market.
As the healthcare industry undergoes sweeping change, interest in digital health and healthtech is growing rapidly. Many of the industry’s key players and startups are set to take part in Vitalis, Scandinavia's largest eHealth event, held in Gothenburg on 24-26 April.
Life science service provider Scandinavian Development Service (SDS) is opening an office at the BioVenture Hub in Mölndal, Gothenburg. There, the Stockholm firm joins the likes of Cellink, Mölnlycke and Mentor Mate, which are all co-located with pharma giant AstraZeneca.
During 2017 the Gothenburg region’s exports of goods rose by SEK 25 billion compared with 2016. The increase is equivalent to nearly one third of the total Swedish export growth for the same period.
We spoke with Andreas Göthberg, head of foreign direct investment at Business Region Göteborg, who is one of the people manning the Gothenburg stand at Mipim, the international real estate fair in Cannes.
Gothenburg has been named one of Europe’s top future cities by the Financial Times FDI Magazine, which every other year ranks Europe’s future cities and regions at the international property fair Mipim in Cannes.
For the third consecutive year the Gothenburg region had the lowest unemployment rate among Sweden’s metropolitan regions. Meanwhile, unemployment is six times higher among foreign-born residents, but job growth has been strong, shows a new report from Business Region Göteborg.
Gothenburg’s engineering expertise and the city’s relationship with China are a few of the reasons why the city has become a second home for Chinese auto giant Geely, explained CEVT’s deputy-CEO Gang Wei at the real estate event Lokalmarknadsdagen.
Gothenburg’s already strong economy saw further improvement during the autumn and expectations for the spring are even more optimistic. At the same time, falling real estate prices are causing uncertainty among buyers on the property market. But major price drops are unlikely as long as the economy remains strong, according to Henrik Einarsson, head of the Establishment and Investment department at Business Region Göteborg.