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Huawei over the past year has created more than 220 thousand. jobs in Europe and paid billions of euros in taxes
06.eleven.2021 [20:06],
Vladimir Fetisov

Analysts from Oxford Economics have published a report entitled “Huawei’s Impact on the European Economy”. It provides an insight into the contribution of the telecommunications giant to the region’s economy. Huawei created 224,300 jobs in Europe in 2021 and paid € 6.6 billion in taxes, according to published data. Over the same period, Huawei’s contribution to European GDP is estimated at € 16.4 billion.

The report also shows that Huawei is playing an active role in the research area across Europe. In the rating of industrial investments of the European Union for 2021, the Chinese company took the fifth place in the world in terms of the volume of investments in research and development (R&D). In addition, data from the European Patent Office show that Huawei was the leader in the number of patent applications filed in 2021.

“Investments in research and development like those made by Huawei are critical to the overall increase in the productive capacity of the European economy,” said Oxford Economics analyst Pete Collings.

Abraham Liu, Vice President of Huawei Technologies in Europe, announced that the company’s direct contribution to European GDP in 2021 amounted to € 2.8 billion, which means an average annual growth of 11.4%. “This challenging year, Huawei has ensured a stable and secure network to help people work and learn online. Huawei has been in Europe for 20 years and works hard to deeply integrate and promote the industry. In the future, we will continue to work with our partners to overcome new challenges, ”said Mr. Liu.

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