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.
News from Business Region Göteborg
News from the Gothenburg region
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.
When this Gothenburg-based company needed to reduce its production costs, the solution was to look for business partners in Europe – where they attracted great interest.
When 70,000 people gathered in Lisbon for the tech conference Web Summit, artificial intelligence, cyber security and autonomous vehicles were a few of the prominent topics, explains Business Region Göteborg’s Erik Behm, who was on hand.
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.
With L&T Technology Services' new digital engineering centre in Lindholmen Science Park, three leading Indian IT and tech companies have established operations in the Gothenburg region.
“That so many companies from one of the world’s most advanced IT countries choose to set up here illustrates the region’s attractiveness,” says Erik Behm, Area & Investment Manager ICT at Business Region Göteborg.
Gothenburg company Appland is about to enter a new chapter after it signed an agreement to be acquired by Indian telecommunications company OnMobile, a deal worth USD 15 million (approx. SEK 143 million).
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.
Cities around the world need to further develop their transport solutions to increase mobility for both people and goods, and at the same time, to reduce emissions. Gothenburg, which is the first in the world to investigate the interaction between self-driving vehicles and long-term urban planning, showcased the latest developments when the city hosted an international delegation with participants from eight countries.
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.
Swedish car exports rose by 33 per cent in the second quarter. China remains an important market that continues to grow, shows Business Region Göteborg’s third Economic Outlook report of 2018.
Overall the Gothenburg region’s business environment continues to perform very strongly. But there are some potential risks, including indications of a possible reduction in the number of new housing projects starting up.
With a view over the North Sea, Saab Surveillance has developed a new generation of radar products. Reaching these heights hasn’t happened by chance, nor that Gothenburg and Western Sweden have a world-leading cluster in antenna and microwave technology. It is the spirit of collaboration in the region that produces world-class technology according to Saab business area manager Anders Carp.
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
Premium carrier Qatar Airways has announced a new direct route to Doha, the capital of Qatar, from Göteborg Landvetter Airport. For business and leisure travellers in western Sweden, the new flights will mean improved connections to 150 destinations.