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Banc Sabadell’s President defends the work of the current Bank of Spain Governor

CNA / Josep Molina

Josep Oliu, President of Banc Sabadell, thinks that if somebody is to be made responsible for the current crisis, a thorough analysis of the decisions of sector managers during the 2003-2007 period should be made, and not among those currently in charge. Oliu, who has been a banker “all his life”, feels he is a “victim” of a situation provoked by managers who were “not acting as bankers”. The Catalan banker recognised that the Spanish banking system can still face the new requirements on its own but it is getting “closer to the limit of its own economic capacity”. Besides, Oliu was very satisfied with the European Commission’s green light for CAM’s integration into Banc Sabadell’s business.

May 31, 2012 12:23 AM

Belgian multinational company Katoen Natie opens a new logistics terminal in Tarragona

CNA / Núria Torres

The logistics company might invest €40 million in the next two years. Since the late 1990s, the Belgian company has had a large warehouse in Constantí, next to Tarragona, in which €60 million has already been invested. In the last number of years, the company has invested an additional €10 million to build the new terminal. The new facilities demonstrate Katoen Natie commitment to operate from Tarragona, near Spain’s main chemical pole, railways, highways, an airport, and an important sea port.

May 24, 2012 10:29 PM

Nissan to invest €100 million in its Barcelona plant to build its totally electric new van model

CNA

The decision represents the creation of 700 direct and indirect jobs. Car manufacturer Nissan has confirmed it will build the new ‘e-NV200’, a totally electric van at its Zona Franca plant from next year. The plant is located in Barcelona, next to the city’s port and airport. From there, the new van will be distributed worldwide. Barcelona competed with other Nissan plants in China, Japan and Mexico. In addition, Nissan managers were confident that Barcelona’s plant could produce other models in the future.

May 24, 2012 12:34 AM

Grifols strengthens its presence in the Chinese market

CNA / Laura Quintana

The Catalan pharmaceutical company Grífols, third worldwide company in plasma derivatives, has signed a cooperation agreement with the Shanghai Blood Bank. The agreement, which strengthens the presence of the Catalan company in China, promotes blood genotyping research. The Chinese institution will use the Grifols’ genetic test BLOODchip in transfusion compatibility studies. Shanghai Blood Bank serves over 20 million people and receives more than 300.000 donations per year. In 2011, Grifols sales in China grew by 30%.

May 22, 2012 03:33 PM

Catalan Mesoestetic Pharma Group exports 85% of its production and is present in 62 markets worldwide

CNA / Bertran Cazorla

The Catalan company Mesoestetic has built a new factory that multiplies by ten its previous facilities. Furthermore, the company will increase its staff by 30%. The Catalan Minister for Business and Employment has praised the company as a model for innovation and internationalisation. He has spoke of the long tradition of the pharmaceutical industry in Catalonia as well as the Catalan economy’s export capacity.

May 19, 2012 12:18 AM

Catalan economists ask for European public funds to restructure Spanish Banks

CNA / Josep Molina

Considering the “exceptional” crisis Spain’s banking system is going through, the Cercle d’Economia, a Catalan economic forum open to businesspeople and academics, recommends “drastic” measures in order to face a “systemic” problem at European level. The Chairman of Cercle d’Economia, former Spanish Minister Josep Piqué, stated that Spain “will not succeed on its own”.

May 11, 2012 11:44 PM

Spanish property prices dropped by 41.7% between 2006 and 2011

CNA / Laura Quintana

A research study carried out by Barcelona’s Universitat Pompeu Fabra (UPF) has concluded that there is a constant trend of decline. Between 2006, when prices peaked, and the end of 2011 Spanish property prices have dropped by 41.7% as average. The coordinator of the study, José García-Montalvo, pointed out that there has been an accelerated fall from the second half of 2010 and the same period in 2011 when prices dropped 19.7% in Spain. García-Montalvo added that this trend would not change in the short or mid- term if the credit market does not recover.

April 30, 2012 10:58 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.