Business

Catalonia may host the logistics hub for Chinese e-commerce giant Alibaba for Southern Europe. According to Catalan Minister for Business Knowledge, Jordi Biaget, “no decision has been made yet” but the negotiations are already in the final stages. Although Alibaba is also considering France for the installation of its logistics center, the Catalan Government is working closely with the company so that Catalonia could be the chosen destination. Indeed, last February Baiget met with Alibaba’s board during a commercial mission to China and Hong Kong organized by the Catalan Government. Baiget also explained that the Catalan executive is analyzing more than 300 possible business investments in Catalonia.

Atlantia announced its decision on Monday to launch a tender offer on the entire share capital of Catalan company Abertis. A deal between both companies would create the largest toll road operator in Europe and one of the leading ones in the world. Italy’s Atlantia offer would pay €16.50 a share and also includes another option in case shareholders decide to own stakes in the combined group: in that case, the exchange ratio would be set at 0.697 shares of Atlantia for each Abertis share tendered up to a maximum of 23.2% of the total offer. “We have worked to design an offer that is friendly and attractive for all shareholders, stakeholders, and the management of both companies,” said the Atlantia’s CEO, Giovanni Castellucci.

The Catalan telecommunications operator ‘Parlem’ closed fiscal year 2016 with 1.3 millions euros in profit, doubling its 2015 turnover of 641,000 euros, it said Thursday in a press release. Enrique Pérez-Mas, president and shareholder of Parlem, attributed the company’s economic growth to the consolidation of the high-speed-internet connection they offer and the launch of the linear television service, which has allowed Parlem to become a convergent operator. According to Pérez-Mas, the telecommunications operator expects to continue its growth during 2017, tripling 2016 turnovers, reaching 4 million euros. For this purpose, Parlem plans to reach more homes through agreements with other operators. Moreover, the company is planning on develoingp its TV platform by adding more features by the end of the summer.

Barcelona’s car show, which has brought the main novelties of the automotive sector to the Catalan capital for nearly a century, has reinvented itself. The new ‘Automobile Barcelona’ fair opened its doors this Thursday focused on innovation, said the fair’s president, Enric Lacalle. During the next ten days, more than 90 companies, 30 car brands, and 108 speakers are expected at the Fira de Barcelona, including Tesla and other companies related to the new technologies such as Google or Facebook. Volkswagen is a notable exception. Catalan President, Carles Pugidemont, welcomed the “partnership” between connectivity and the car industry but insisted that the main challenge is that everyone be able to enjoy this combination and not just a select few.

Catalonia’s president, Carles Puigdemont, encouraged the business sector on Wednesday to break “the status quo” in Spain in order to “survive”. In a speech in a business forum in Girona, he argued that the only alternative to independence “is decay”. Puigdemont stressed that when the Spanish government boycotts Catalan business missions abroad or does not invest in infrastructures such as the Mediterranean corridor “it is setting traps for itself and not for the independence process”, because it also “abandons the companies that are not in favor of independence”. Therefore, the Catalan president urged the economic sector to turn towards Europe and to have confidence in its “pragmatism”, suggesting the EU would welcome an independent Catalonia as a member. Carles Puigdemont closed the event titled "Entrepreneurs want to know”, organized by the business group "We believe in Catalonia". During his speech, Catalonia’s president presented numbers to back up the claims of the economic boost that an independent Catalonia would enjoy and he insisted that the country is attracting foreign investments.

The first plane connecting Shanghai and Barcelona landed at El Prat airport on Friday at 08:05am. The route, operated by Air China, is offered all year round, three days a week: Tuesdays, Fridays, and Sundays. The plane, an Airbus 330-200, has capacity for up to 239 tourist class ticket holders and 16 business class ticket holders. On its first trip, the plane had an 86% occupancy rate. The round trip from Barcelona to China departed from the Catalan capital at 12:30pm with an occupancy rate of 88%. All flights for the weekend are already fully booked. Òscar Olive, Airports of Catalonia's commercial director, praised Air China for “having been able to recognize” the “clear demand” for direct connections between Barcelona and Asia. The airline has offered a direct link between the Catalan capital and Beijing since 2014.

The Catalan economy is getting stronger, according to the latest growth figures published on Thursday by the Catalan Ministry of Economy and the Office of Statistics (IDESCAT). Catalan GDP grew 0.7% between January and March, a 0.2% increase in comparison with the two previous quarters. The labor market is also improving, with April figures showing the largest decrease in unemployment in that month in 21 years. With 425,751 people without jobs, Catalonia is reaching the pre-crisis levels of unemployment. The official data shows that unemployment fell by 4.54% between March and April 2017, and by 12% year-on-year.

The ports of Barcelona and Miami have signed a deal to increase the quantity of cruises and cargo traffic. The agreement looks to exchange information in order to improve the areas of mobility, security, maritime management, and environment. Thanks to this collaboration, Miami, the most important port when it comes to cruises, and Barcelona, Europe’s leading cruise port, will strengthen their ties. The agreement was signed during the trip of Catalonia's vice-president and minister of economy, Oriol Junqueras, to the United States, which began on Monday. According to the Catalan delegation, the Spanish consul in Miami tried to interfere with the agenda and the planned official events at the signing of the agreement. Cándido Creis wanted to force the text to include a reference to the “Spanish Kingdom”. However, this reference did not exist in any prior agreements between the two ports, and it was not included in this new one either.

The Catalan company Abertis reached an agreement with the minority shareholders of its Italian subsidary, A4 Holdings, to buy an additional 22.52% of the business' assets. The group will pay a total amount of €125 million, €89 million by the end of July, 2017 and the final €36 million by the end of January, 2018. As a result of the transaction, Abertis will now control 85.36% of A4 Holding, reinforcing its growth strategy and, in particular, its business in Italy, an attractive market for the group. The company said in a press release that the deal “demonstrates Abertis' ability to grow internationally in an attractive way while maintaining its financial discipline”. The purchase also fits with its management strategy which, according to the company, “allows investments in assets it knows well and where it faces no competition, reducing its operational risk profile”.

The British airline Jet2 launched a new connection this Friday between Reus Airport, located about 100 kilometers from Barcelona, and London-Stansted. In addition, starting Saturday, Birmingham will be added to their routes from Reus. The new connection with London-Stansted will operate on Mondays, Wednesdays, Fridays, and Sundays whereas the flights between Reus and Birmingham will be available on Tuesdays, Thursdays, and Saturdays. They will offer 228,000 seats and expect to grow by 65% in comparison with last summer. Jet2 already offers seven routes from Reus to Belfast, Glasgow, Edinburgh, Manchester, Leeds, East Midlands, and Newcastle and will offer 30 weekly flights, 10 more than last year.

The increasing number of licenses for “rental cars with chauffeur” caused strikes and demonstrations by hundreds of officially-licensed taxi drivers in several Catalan cities on Wednesday. According to representatives of the taxi transport sector, these licenses, also known as VTC, open a legal loophole for the unregulated activity of transport services through mobile apps like Uber or Cabify. In Barcelona almost a thousand taxi drivers marched through the city center to the Delegation of the Spanish Government, blocking traffic in the very heart of the Catalan capital, to demand a solution for the sector. Representatives of several taxi driver unions met with the Deputy Representative of the Spanish Government in Catalonia, Emilio Ablanedo, and asked him to communicate their demand for regulation of new mobile platforms to the Spanish Ministry of Public Works.

The Catalan cava producer Codorniu announced that they will stop producing for foreign brands and will instead focus on their own Premium and Prestige products. The company explained that white label production (producing for third parties) is no longer profitable and thus must be stopped. The company said that production for third parties, basically in the United Kingdom, represents 5% of sales. According to the Catalan cava company, suspending this area is one of the major steps in its strategic plan, which was launched in 2015, and means that around 100 workers of the company will be let go. Sources at the company explained to the Catalan News Agency that the layoffs will affect both Catalonia and the rest of the countries where Codorniu is present.

The North American multinational Amazon has announced the hiring of 800 workers in order to incorporate their Amazon Robotics cutting edge technology at the logistic centers of Castellbisbal and Prat de Llobregat, just outside Barcelona. These 800 jobs are in addition to the 1,500 hirings that they had already announced would take place over the next three years. 200 of these new positions will be in Castellbisbal, where the new technology is already in use, and the other 600 will start at the new logistics center in Prat, which is opening in October, 2017. In addition, Amazon is contracting highly qualified engineers for the maintenance of the whole system at the two centers.

American Airlines new direct link between Barcelona-El Prat airport and Chicago is expected to increase the airline's passengers in Catalonia by 15%. The new flight will operate from the 6th of May and will be offered alongside the current flights to Miami and New York. American Airlines also flies seasonally direct from Barcelona to Charlotte and Philadelphia. The Regional Sales Director of American Airlines in Spain and Portugal, José A. Blázquez, confirmed these figures in a press conference this Tuesday in the Catalan capital. Barcelona is a key destination for American tourists, said the U.S. Consul General, Marcos C. Mandojana, who highlighted the growing number of connections from Catalonia to his country.

Catalan Minister for Territory and Sustainability, Josep Rull, and Catalan Minister for Business and Knowledge, Jordi Baiget, called for a “clear”and “verifiable”calendar for the Mediterranean Railway Corridor. They voiced these demands to the Spanish Minister for Public Works, Íñigo de la Serna, during the meeting of the Strategic Board for the Mediterranean Railway Corridor in Madrid. In response, de la Serna promised to promote this key infrastructure, which is set to transport freight and passengers non-stop from Gibraltar to Central Europe along the Mediterranean coastline, and explained that the delays in the construction resulted from a “lack of administrative capacity”to carry them out. The Board gathers together representatives from the parliamentary groups in the Catalan chamber, trade unions, business associations, chambers of commerce, professional colleges, universities, chartered institutes, and city halls.