Menorca Economy and Business

GDP: US$1.1 trillion (Spain) (2006).
Main imports: Machinery and equipment, fuels, chemicals, semi-finished goods and food.
Main exports: Machinery, motor vehicles, food, pharmaceuticals and medicines.
Main trade partners: France, Germany, Italy, UK and Portugal.

The island relies heavily on tourism with most of its visitors coming from the UK and Germany. The majority of the population work in tourism. Its ancillary businesses are construction plus the buying and selling of homes, properties and established businesses such as restaurants, bars, hotels and shops. Farmers account for much of what remains. Mahón and Ciutadella are the commercial hubs of the island.

Businesspeople are generally expected to dress smartly. English is widely spoken in Palma and the resorts but less so elsewhere. Some knowledge of the Spanish language (and perhaps Catalan/Menorquin too) is always appreciated and sometimes essential. Punctuality is important. Attitudes to such things as responding to e-mails, letters and phone calls can be surprisingly casual.

Office hours: Tend to vary considerably but base hours of 0900-1330 and 1700-1800 are fairly typical.

The nearest large-scale convention and conference facilities are on neighbouring Mallorca.

Minorca Chamber of Comerce, Industry and Navigation
Miquel Veri, 3A
07700 Maó, Menorca
Tel: 971 363 194.
Website: www.camaramenorca.com