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Ponta Delgada ,  February 07, 2019

467 new companies created in the Azores in 2018

The Regional Director for Support to the Investment and Competitiveness highlighted in Ponta Delgada the "consistent" creation of new companies in the archipelago, considering that entrepreneurs remain "confident in the future of the Azores."
 
Ricardo Medeiros spoke at the end of a visit to a new shopping centre in the city centre, noting that 467 new companies were created in the Azores during the past year.
 
"This consistent and sustained growth of economic activity in the Region demonstrates that entrepreneurs are and will remain confident in the future of the Azores," said the government official.
 
According to the Informa Barometer, the Azores registered the highest business creation ratio in the last 12 months of last year for each company dissolved, with a ratio standing at 2.8. In turn, Madeira registered a ratio of 2.1 and the average national ratio stood at 2.5 in the same period of time.
 
"This ratio of 2.8 represents the creation of almost three companies for each company that closed down," stressed the Regional Director.
 
"If we take into account the distribution across the three former districts of the Azores, Angra do Heroísmo registered, once again, the highest business creation ratio for each company dissolved, standing at 3.5. - the highest in the country - while Ponta Delgada stood at 2.7 and Horta 2.1," stressed Ricardo Medeiros. According to him, "these data should be a reason for widespread satisfaction among Azorean entrepreneurs."


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Official government press-releases presented in all foreign languages interfaces of the Azorean Government Portal (Portal do Governo dos Açores) are a sub-set of the government's official press-releases daily output and are chosen for translation and publication on the foreign language interfaces based on audience segmentation criteria. The entire collection of the Azorean government press-releases is available in portuguese, here, from the GACS Press Office site.

 
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