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saturday 24 may 2025
Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa
Ate birakariak

The company that has signed Arantxa Tapia will design the government’s €1 billion investment

  • On May 22, the Basque Parliament approved a bill to indebt one billion euros to “influence science, technology, business and the industrial sector”. The media outlet Nago reported that the Basque Government has asked KPMG Asesores SL to develop the plan, which recently hired Arantxa Tapia, former Minister of Industry of the Basque Government.
Arantxa Tapia sailburu ohia KPMG enpresak kontratatu du aholkularitza zerbitzuetarako. Irekia.
ARGIA
23 May 2025 - 11:38

The Basque Government, through the Basque Institute of Finance, will make financial investments with a debt of one billion euros. The Basque Institute of Finance has requested the consultancy KPMG to “define an action plan to support the transition/transformation of the business and industrial fabric of the Basque Country through financial instruments”. It is stated that the plan would be developed in conjunction with the entire financial and investment ecosystem of the Basque Country.

The assignment took place on April 14 and was formalized on May 9. The cost of the service provided by KPMG is 181,500 euros. The competition was attended by six consulting firms. KPMG Asesores obtained the best score in “value reviews”. In the total “formula score” another company won.

KPMG announced on April 9 that it had hired Arantxa Tapia, Minister of Industry of the previous three legislatures, to work as a consultant. According to the media Eldiario.es, the former counselor will have a fixed remuneration of 180,000 euros per year for the provision of advisory services to KPMG, plus a maximum variable of 50,000 euros.

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