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Tarragona’s chemical hub represents 25% of Spanish total

CNA / Núria Torres

The chemical industries based in Tarragona, such as BASF, Dow Chemical and Repsol, expect their turnover to increase by 4% in 2012 compared to a year ago. In 2011, they exported 60% of their production, while in 2000 they were only exporting 30% of it. Furthermore, they have requested transport infrastructures to be improved and criticised the increase in energy taxes. About Catalonia’s hypothetical independence, they stated they “will respect what will be decided and will adapt to it”. These companies represent around 7% of Catalonia’s GDP.

October 17, 2012 01:07 AM

Telefonica brings €7.8 million and a downtown building to Barcelona’s Mobile World Capital

CNA / Gaspar Pericay Coll

Barcelona will hold, at least until 2018, the status of being the world’s mobile industry capital. Every year Barcelona hosts the world’s main event in this industry, the Mobile World Congress. This event is part of a broader project: the Mobile World Capital, which plans activities and events throughout the year and works to make Barcelona the greatest business and technological centre of the mobile industry. The Spanish telecommunication giant Telefonica announced it will bring €7.8 million to develop this project. Furthermore, it will allow MWCapital to use 1,800 square metres of a building located in Barcelona’s main square – Plaça Catalunya – to show the latest technological developments.

October 10, 2012 01:33 AM

Lleida-Alguaire Airport to host a privately-owned aircraft maintenance centre

CNA / Oriol Bosch

By early 2013 the Airport of Lleida-Alguaire, located in Western Catalonia next to the border with Aragon, will have a maintenance centre with a capacity to host up to 50 airplanes like the Airbus model A320. The private company AirHoster will invest €3 million in building the initial facilities. 75 jobs will be created, as well as a school to train technicians. The Lleida-Alguaire Airport has received very few flights since it opened its doors in January 2010, most of them run by tour operators bringing skiers to the Pyrenees.

October 6, 2012 02:09 AM

Spanish banking system’s stress tests show that CaixaBank and Banc Sabadell do not need additional funds

CNA

However, CatalunyaBanc would need a maximum of €10.83 billion in the most stressed scenario. According to the independent audit by Oliver Wyman, with KPGM, Deloitte, PwC and Ernst & Young, the Spanish banking system would need a maximum of €53.75 billion in the worst case scenario. 4 banking groups would concentrate 86% of these additional funds. In total, 7 banking groups would need additional funds, while 7 groups would be strong enough, with their own resources, to resist a hypothetical scenario with a 6.5% recession between 2012 and 2014, 27% unemployment, a 85% drop in land prices and a 55% decrease in housing prices.

September 29, 2012 02:00 PM

The largest container terminal in southern Europe is officially unveiled in Barcelona Port

CNA / Gaspar Pericay Coll

The Catalan capital hosts the largest and most modern container terminal of the Mediterranean Sea, a true gate for cargo ships, linking Europe with the Middle East, Northern Africa and Asia. BEST, which stands for Barcelona Europe South Terminal, represents a €515 million investment by Hutchison Port Holdings (HPH). This week it has unveiled the first part of the project: 100 hectares to store containers, 1.5 kilometres of docking space for cargo ships, 98 cranes and a provisional international-width railway connection to compete with northern European harbours. However, the Spanish Government has not started the definitive railway connection yet, despite many promises.

September 28, 2012 02:12 PM

Foreign tourism increased by 15% in Catalonia in August, while it dropped by 30% in Madrid

CNA

2 million foreigners visited Catalonia in August, a 14.7% increase compared to August 2011. In total, in the first 8 months of the year, 10.4 million international visitors came to Catalonia, a 12.1% raise compared to the same period from 2011. Madrid was visited by 381,000 foreigners in August, a 29.7% decrease. In the whole of Spain, the number of international tourists reached 7.9 million in August, a 5% increase. Out of all the tourists who visited Spain in August, 25.4% went to Catalonia.

September 22, 2012 12:39 AM

Ryanair will fly through Reus Airport this winter once again

CNA / Roger Segura

The Catalan Government has confirmed that Ryanair will route its flights through Reus Airport, next to Tarragona and the Costa Daurada, during the winter season. It will link the Catalan airport with 7 European destinations, with a frequency of 21 rotations per week. It is expected that 100,000 passengers will be transported. Last year, the Irish low-cost airline cancelled all its flights operated through Reus in winter time and was only present during the summer season.

September 20, 2012 01:22 PM

Catalonia’s Single Window for Business eliminates 48 procedures and simplifies 119 others in the first 9 months

CNA

The Catalan Government approved a simplification of the red tape businesses need to get through by unifying all the public institution windows in a single point of contact and by rationalising procedures and certificates. By 2014 it is expected that 20% of the administrative procedures will be eliminated and 68% will simplified, involving procedures at local, Catalan and Spanish level. The measure will represent a €640 million saving for companies, according to the Catalan Government.

September 19, 2012 01:37 PM

Catalan freight company TCB invests €60 million into the Port of Barcelona’s infrastructure

CNA / David Tuxworth

The Mayor of Barcelona welcomed the company’s investments and commitment to efficiency at the Port of Barcelona. The Catalan harbour is significantly increasing its container traffic in the last few years. Barcelona’s Port aims to become the main logistical hub in Southern Europe, using the international standard rail gauge to directly connect to Central Europe and new freight terminals. The Catalan company TCB is expanding its freight railway station and its power substation, as well as enlarging the ship docking space. The improvements will increase the maximum number of shipping containers transported by TCB from 0.9 million to 2.3 million by the end of 2013.

September 13, 2012 12:29 AM

Barcelona El Prat Airport had almost 3.9 million passengers in August, up 7% compared to last year

CNA / David Tuxworth

Catalonia’s main airport had 3,874,131 passengers in August which is the highest monthly figure the airport has ever achieved. In the first 8 months of the year, there have been over 24 million passengers travelling through Barcelona El Prat Airport, 4.4% more than during the same period in 2011. Girona Costa Brava Airport also had success this August with 14.5% more passengers and 15% more flights compared to the same month last year. However, the number of passengers at the small Reus Airport fell by 28.5%, due to Ryanair’s reduction of flights.

September 11, 2012 12:12 AM

$6 billion mega-resort theme park to be built in Catalonia instead of Sheldon Adelson’s Eurovegas

CNA / Gaspar Pericay Coll

‘Barcelona World’, located next to Salou’s beaches and PortaAventura, will have 6 new theme parks, as well as 12,000 hotel rooms, casinos, convention centres, golf courses and other amusement facilities. 10 million people are expected to visit the mega-resort funded by Veremonte each year, which will create 40,000 jobs. ‘Barcelona World’, located next to Tarragona in the Costa Daurada, will be Europe’s largest amusement resort and among the world’s largest, targeting family and business tourism. Construction may be complete by late 2016. The project has been announced after the expiration of the offer made to Las Vegas Sands to build its casinos next to Barcelona. This American company has not announced if it will finally build ‘Eurovegas’ in Madrid yet, but the Barcelona option seems to be ruled out.

September 7, 2012 11:39 PM

Barcelona-based Gas Natural Fenosa signs an estimated €1 billion contract with Indian Gail

CNA

The Catalan multinational company will provide Gail, the largest gas distributor in India, around 3 bcm of liquefied natural gas for three years. This quantity represents 10% of Spain’s annual gas consumption. Gas Natural Fenosa refused to disclose the value of the contract, but sources from the sector estimate it would be worth more than €1 billion. This would be the largest contract in Asia for this Barcelona-based company, which has a significant presence in South America.

August 31, 2012 11:40 PM

The Damm Group makes €26.5 million in the first half of the year, 1.1% less than during the same period last year

CNA / David Tuxworth

The Damm Group, manufacturer of the popular Catalan beer brand Estrella, had a turnover of 421 million in the first six months of 2012, a 8.5% increase in relation to the same period last year. The company is not making any predictions for the second half of the year due to the uncertainty over the VAT increase but has stated that sales over the past weeks have “evolved satisfactorily”.

August 31, 2012 08:39 PM

The Catalan pharmaceutical company Galenicum enters the Brazilian market

CNA / David Tuxworth

The expansion to Brazil is part of the company’s international development plan, which aims to start operations in Latin America, the Middle East and Asia. The company hopes to replicate its successful European business model overseas and has started with the opening of new offices in São Paulo. Galenicum, a developer of generic medicines, is based in Barcelona and produced a turnover of €77 million in 2011, a 542% increase in just two years.

August 30, 2012 04:12 PM

Read the latest updates and breaking news on business and economic matters from Barcelona and Catalonia here. Keep up to date with how the Catalan economy is performing, inflation levels, employment and unemployment, major business mergers, important company announcements, and the latest on Catalonia’s biggest enterprises such as Vueling, Wallbox, Grifols, Mango, and plenty of start-ups and international firms based here too.