Results from an IBM study show that the number of newly created direct jobs has doubled, with 15 projects more than last year. The set back of 2010 is behind us and the end of the crisis is looming.
These figures confirm those in the AWEX annual report showing that a recovery has already begun in Belgium, even though the Pact presented to Europe by the French President has yet to be implemented. We also note that the Americans remain the largest investor in our region despite a significant increase from Asian countries. Asian investment is responsible for a quarter of the jobs generated this year. The most attractive sectors (pharmaceutical, automotive industry and logistics) are not surprisingly within our competitive clusters, which we regularly highlight.
Let us hope that the recent call for projects by Creative Wallonia, the Marshall Plan 2.Green and in particular the business start-up plan, will continue to result in job creation in Wallonia.
Wallangues is also a powerful tool that should allow us to improve our multilingual capabilities. Minister De Connick’s plan to lower employers’ contributions will increase competitiveness with regard to salaries. Furthermore, considering that productivity is higher in Belgium than in other European countries, and that industrial land is more readily available, the erosion of foreign investors’ confidence in Belgium reported by Ernst & Young should rapidly become a thing of the past!
*Agence Wallonne à l’Exportation et aux Investments étrangers (AWEX) (Walloon Exports and Foreign Investments Agency)