Business

Foreign investment in Catalonia throughout 2016 totaled €4.8billion, 1.3% less than in 2015. Indeed, 2015 had set a historic record in terms of foreign investment, registering a 57.8% growth in comparison to the previous year. Despite this slight decrease, 2016 represents the second best year in the historic series, according to data published this Tuesday by the Spanish Ministry for Economy, Industry and Competitiveness. Moreover, Catalonia ranks second in terms of foreign investment in Spain, Accounting for 20% of the investment and only surpassed by Madrid, which attracts 46.7% of foreign capital. Regarding Catalan exports, they totaled €5.3 billion in January, the highest figure for this month since 2000. This data confirms Catalonia as the leading territory in Spain in terms of exports followed by Andalusia, whose exports totaled €2.5 billion.

Barcelona’s El Prat airport will be connected with two US and two South American cities starting in June 2017 thanks to LEVEL, the new low-cost carrier of International Airlines Group (IAG). The company chose the Catalan capital to introduce its new brand because of its “international touristic appeal” and also because of the connections from Barcelona’s El Prat airport through Vueling, IAG’s CEO Willie Walsh explained. The new carrier will fly from Barcelona to San Francisco and Los Angeles starting at 99 euros and to Buenos Aires, Argentina and Punta Cana in the Dominican Republic starting at 149 euros. The flights will use A330-200 planes with crew from Iberia and IAG. More than 250 jobs are expected to be created in Barcelona, according to Walsh who presented the news this Friday morning at a press conference in Catalonia’s capital city of Barcelona.

The 2017 edition of the Mobile World Congress (MWC) registered a record participation of 108,000 visitors from 203 countries worldwide, 7% more than last year’s edition, according to figures released this Thursday by the event organisers GSMA. Those who passed through the MWC’s main venues at L’Hospitalet Gran Via and Fira de Montjuic were mostly senior executives, including 6,100 CEOs. The economic impact in Barcelona and its metropolitan area is estimated to reach €465 million and over 13,200 temporary jobs have been created due to the MWC. 2,300 international companies, which went beyond just the mobile phone industry, including firms from the automotive, financial and health sectors, presented their novelties at the world’s most important cell-phone and internet-related exhibition. 

The number of people registered on the unemployment lists in Catalonia in February stood at 452,342 people, 1,581 fewer than in January, according to the Spanish Ministry of Employment and Social Security. This February’s fall is the smallest registered for this month in the last 21 years. In annual terms, Catalonia has now listed 44 consecutive months of declining unemployment, since July 2013. Indeed, February has usually been a month with decreasing unemployment, except during the worst years of the economic crisis. The number of contracts registered in February stood at 222,369 units, the highest figure for the month of February since 2006. In the whole of Spain, unemployment also fell in February. There were 9,355 fewer unemployed than in January and the number of people without a job totalled 3,750,876.

4 Years From Now (4YFN), is the start-up business platform launched by the Mobile World Capital Barcelona that enables start-ups, investors and corporations to connect and launch new ventures together. During its opening this Monday within the Mobile World Congress, in Barcelona, Catalan Minister for Business and Knowledge, Jordi Baiget described it as “great showcase” and emphasised its growing influence. “It has become a reference point in Europe”, he said. Indeed, this year the 4YFN has seen its surface area multiplied by 8 in comparison to its first edition, three years ago. Thus, it has gathered together a record 600 start-ups and 700 investors. In line with this expansion, the 4YFN promotors announced that the platform will also be launched in San Francisco.

Catalan exports totalled €65.14 billion in 2016 and set a new record for the sixth consecutive year, according to data released by the Spanish Ministry for Economy and Competitiveness. The figure not only represents a 2% increase in comparison to last year but a higher growth than that registered in the whole of Spain (1.7%) and the Eurozone (0.17%). Thus, Catalonia continues to lead exports in the whole of Spain. This good trend is the result of “the persistent and permanent efforts of Catalan companies, which are amongst the most internationalised in our environs”, explained Catalan Secretary for Business and Competitiveness, Joan Aregio. The sectors which grew the most in 2016 in terms of exports were equipment goods (+10.4%), followed by chemical products (+1.3%). On the other hand, exports in the automotive sector fell by 0.4%.

The Catalan Government’s tax take rose by 8.3% in 2016, totalling 2.9 billion euros. More than half of this came from the real estate sector, which contributed 1.6 billion euros to the treasury due to the growth registered in both the execution of new mortgages and in the buying and selling of previously owned houses. The wealth tax also contributed to this 225.45 million euros, an increase compared to 2015, not only because the fee grew but also because there were more declarants in 2016 than in the previous years. The figures, which include the Catalan Tax Agency’s own taxes and those transferred by the Spanish state, include the new taxes applied in 2016 for the first time. In particular, the treasury benefited from the taxes applied to empty houses, which represented 11.49 million euros and the 2.99 million obtained by charging Co2 emissions produced by public aviation.  

The number of Catalan companies which will attend the 12th edition of the Mobile World Congress (MWC), to take place from the 27th of February to the 2nd of March in Barcelona will be higher than ever. There will be 105 Catalan businesses represented at the world’s largest event of the mobile and cell phone-related industries, exceeding for the first time the threshold of 100, explained Catalan Minister for Business and Knowledge, Jordi Baiget. 68 of these companies will be located in the Catalan Government’s pavilion, which will be set up at the centre of Fira de Barcelona. Barcelona’s Mayor, Ada Colau, emphasised the “good understanding” between the public administrations which share the organisation of the MWC: the Catalan Government, Barcelona’s City Hall and the Spanish Government.

The Valencian Association of Businessmen and ‘Cercle d’Economia’, the main Catalan economic forum open to businesspeople and academics organised a summit this Monday to urge the Spanish Government to build the Mediterranean Railway Corridor. “The main problems are the lack of political will”, stated Vicente Boluda, president of the Valencian Association of Businessmen. In a similar sense, ‘Cercle d’Economia’ President, Joan José Brugera, called for convincing politicians that “the Corridor is in Spain’s general interest, since it improves the competitiveness of the Mediterranean area”.The conference was attended bya representation of 300 businessmen from Catalonia and Valencia, who lamented the repeated delay in the corridor’s construction. The infrastructure, which is set to transport freight and passengers non-stop from Gibraltar to Central Europe, would connect the Spanish Mediterranean ports.

The number of passengers whom passed through Barcelona El Prat Airport this January grew by 11.4% in comparison to the same month last year. According to the Spanish Airport Authority (AENA) 2,804,092 passengers used Barcelona El Prat Airport's facilities in the first month of 2017 and there were 20,848 operations registered. The number of flights to and from Latin America and the Caribbean grew the most, by 35.8%, followed by those to and from the Middle East (16.9%), Africa, which grew by 10.4% in comparison to January 2016, and North America (9.3%). Cargo transportation also grew in January, increasing by 11.4% in comparison to the first month of 2016 and totalled 10,330 tonnes. In terms of cargo, routes from within the Spanish state saw the biggest growth, 40.5%, while international cargo registered a 10.2% increase in comparison to January 2016.

The Catalan Ministry for Business and Knowledge will invest 1.2 MEUR this year to increase Catalonia’s trade and investment office network abroad. In particular, six new centres will be opened in 2017, which will be added to the 36 which are already functioning on each of the five continents. The new offices will be located in Havana, Los Angeles, Tehran, Zagreb, Amsterdam and Nairobi. Thus, Catalan business will be represented in 109 economic regions. “Now Catalonia’s presence in the business field worldwide will be comparable to and even bigger than that of other states”, explained Núria Betriu, Director of Industry of the Catalan Department for Business and Knowledge.

Tourists from outside of Spain spent 17,328 MEUR in Catalonia in 2016, which represents 3.7% more than in 2015. According to the Tourist Expenditure Poll (Egatur), published by the Spanish Statistics Institute, Catalonia achieved its best result in the historic series and became, once again, the region which takes in the highest amount of tourist expenditure in the whole of Spain. Indeed, Catalonia was the focus of 22% of tourists’ total expenditure in Spain, followed by the Canary and the Balearic Islands. Those tourists who spent the most were the British, followed by Germans and the French, according to figures corresponding to the whole of Spain.  

The number of people unemployed and registered as such with the Catalan Public Employment Service (SOC) at the end of January increased by 278 people compared to December’s figures, a slight growth of 0.06%, according to data released this Thursday by the Spanish Ministry of Employment. Thus, the number of unemployed in Catalonia totalled 453,923. Despite this increase, the unemployment rates in annual terms has declined for 43 consecutive months and there are 64,157 fewer unemployed now than at the end of January 2016, which represents a 12.38% decrease. In Spain as a whole, unemployment has also grown and stood at 3,760,231 people at the end of January. This means that registered unemployment increased by 57,257 people in Spain, representing a 1.55% rise in comparison to last December.

Catalan company ‘Vallfirest’ has designed and exported worldwide a self-protection kit for firefighters which increases their safety. The equipment “exponentially increases firefighters’ chances of survival” when trapped in a fire, according to ‘Vallfirest’ chairman, Javier Baena. The kit, which has been exported for the last two years, was presented to the public during the 14^th International Wildland Fire Safety Summit, organised by the International Association of Wildland Fire (IAWF) from the USA, which took place this past Tuesday in Barcelona. The summit gathered together more than 300 experts and members of the global wildland fire community to discuss best practices in safety and training operations and to explore new approaches.

The port of Barcelona closed last year with unprecedented figures. The transport of shipping containers rose by 14.5% with a record figure of 2.2 TEU containers handled. This according to the data presented on Tuesday by the Port President, Sixte Cambra, who said that exports rose by 3.8% while imports increased by 8.7%. The Asian-Oceania market now represents 77% of imports and 43% of exports from the port. In fact, China alone accounts for 43% of the import containers, with a 13% increase during 2016. It is also to China that most of the exporting containers go. The American market represents 25% of exports and 9% of imports from the Port of Barcelona. Catalan exports being handled from the Port of Barcelona are mainly food, equipment and chemicals. Imports are basically textiles, equipment and other manufactured products.