Business

The largest employer’s association in Catalonia, Foment del Treball, expects that the economic recovery in both Catalonia and the whole of Spain will not lead to a growth in employment and consumption until late 2014 or early 2015, as explained in the Report on the Economic Situation published on Thursday. The Director of Foment’s Economics and Taxation Department, Salvador Guillermo, said in a press conference that the economic recovery is being “consolidated”. Nevertheless, he added that ongoing structural reforms in the energy sector, public administration or the financial system should continue. According to Guillermo, the reduction of public deficit must be slowed down in order to avoid any negative impact on the economic recovery. 

The Catalan Minister for Territory and Sustainability, Santi Vila, who is also in charge of housing policies, presented on Tuesday the draft of a new tax bill on empty flats and houses owned by financial institutions in Catalonia. During a press conference, Vila explained that such a tax is looking to be an “incentive” for banks to make available their 15,000 flats spread across 70 municipalities with “proven demand” for housing, mainly around Barcelona, Tarragona, Lleida and Girona, and which have been empty for more than 2 years without a justified cause. The amount of the tax will be based on the total number of square meters owned by the banks and will include significant accumulative bonuses if the institutions decide to rent their properties, notably for social housing. The Catalan Government estimates that banks own around 40,000 empty flats, including in areas with housing demand.

Barcelona-based SEAT, which is part of the Volkswagen Group, has chosen the Geneva Motor Show to introduce its new vehicle in the Leon range, the cars whose sales increased the most in 2013, with a total of 102,000 units sold. This latest creation is the new Leon Cupra, by far the most powerful and the fastest vehicle manufactured by the Catalan company, whose main factory is located in Martorell (Greater Barcelona). With its 280 horsepower, this sports model will hit the market in both 5-door and 3-door versions. Coinciding with the opening of the event this Tuesday, SEAT also presented the Mango version of its Mii city car, a special edition resulting from the collaboration between designers at the SEAT Martorell plant and the Catalan fashion multinational which includes, amongst other novelties, exclusive paintings in beige and black.

In February, 629,586 people were enrolled on the unemployment lists in Catalonia, representing a decrease of 4,285 unemployed people on the same month last year, according to figures released on Tuesday by the Spanish Employment and Social Security Ministry. It is also the sharpest decline for a month of February since 2004, when 5,138 fewer jobseekers were registered. With this latest drop in the unemployment figures, Catalonia has achieved eight consecutive months of registered unemployment reduction in annual terms. In the whole of Spain, unemployment stood at 4,812,486 people, down by 1,949 people in February. It is the first decrease for the month of February since the beginning of the crisis in 2007.

Barcelona, Grenoble (France), and Groningen (the Netherlands) are the three final contestants competing to be named the first European Capital of Innovation. The award, worth half a million Euros, will distinguish the city that has created “the best innovation ecosystem, connecting citizens, public organisations, academia, and businesses”. The six initial contestants have been judged according to their past achievements and future initiatives encouraging innovation. The name of the winning city will be announced during the closing ceremony of the 2014 Innovation Convention, organised by the European Commission in Brussels on the 10th and the 11th of March.

GSMA, the organisers of the Mobile World Congress, have announced on Thursday that more than 85,000 visitors from over 200 countries participated in this year’s event. The figure sets a new impressive attendance record with an overall increase of 18% on last year’s edition. Around 80,000 attendees participated at the Mobile World Congress at Fira de Barcelona’s Gran Via venues and more than 5,000 visitors attended mPowered industries programme at Fira’s Montjuïc venues. Facebook founder Mark Zuckerberg and IBM CEO Virginia Rometty delivered highly anticipated keynote speeches, while close to 1,800 international market leading companies presented their latest innovative products and services. In the Global Mobile Awards, the HTC One scooped top award of the Best Smartphone of the year, while Apple iPad was announced the Best Mobile Tablet. Wearable devices were also an exciting highlight of the 2014 MWC.

The profits of Catalan pharmaceutical company Grífols in 2013 grew by 34.6% over the previous year, reaching €345.6 million, as reported by the multinational to the Spanish Stock Exchange Regulation Authority (CNMV). The turnover of the company, based in Greater Barcelona, amounted to €2.75 billion, representing a 4.6% increase on 2012 figures. The geographical expansion of the pharmaceutical company has helped mitigating the effects of volatility in currencies, especially between the euro and the dollar. The Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) grew by 9.6% compared to 2012 and stood at €864.6 million, driven by an increase in the sales of plasma proteins and the optimization of the expenses for raw materials and manufacturing.

The Mobile World Congress (MWC) has been held in Barcelona from the 24^th to the 27^th of February. All the halls have been filled with excitement as international competitive exhibitors showed their latest products and growing trends in the mobile phone industry. This year, ‘wearable devices’ received world-wide attention. Samsung showcased the newest smartwatches called ‘Gear 2’ and ‘Gear 2 Neo’, and also its cutting-edge smartband called ‘Gear Fit’. Sony also released its latest smartband, called ‘Core’. Other companies such as Motorola, which announced at the MWC it was going to launch a new smartwatch, are about to join this emergent part of the industry.

The App Planet at the Mobile World Congress is one of the biggest app events in the world, and the Catalan App companies have taken full advantage of the opportunity to showcase their latest products. Not only this, several Catalan App companies have come together to form the group ‘Catalunya Apps’, in which big and small companies alike have joined in order to survive and compete on the global stage. ‘InQBarna’ had extraordinary success since last year with their Music based app; they have had 700,000 downloads and Apple named the best music app in 2013. Inqbarna isn’t the only large company to commit to ‘Catalunya Apps’; Sixtemia, founded 5 years ago, is on board as well.

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

Coinciding with the Mobile World Congress, the Catalan Ministry of Culture has organised the conference ‘Digital 4C’, which aims at “providing answers” to questions about digital contents and “bring closer” the world of technology and culture. The EBook, music, the audiovisual sector and video games will be the main topics of discussion among professionals through seminars, roundtables, conferences and meeting points to exchange about past experiences and new initiatives. Barcelona holds such an event as part of the Mobile World Capital project, a title the city was awarded until at least 2018 in order to act as the main international platform for the mobile-related industry. ‘Digital 4C’will be held at the Arts Santa Mònica Centre on the 27^th and 28^th of February, overlapping with the Mobile World Congress, the world’s largest fair in the sector which ends this Thursday.

A total of 53 companies are present at the ‘Catalonia’ stand that the Catalan Government has set up at the Mobile World Congress (MWC), for “established companies with international sales to newly-created start-ups”. Larger Catalan companies already dispose of their own stand at the MWC, the world’s largest fair in the mobile phone industry, which was launched on Monday in Barcelona for the 9^th consecutive year. Joan Tarradellas, CEO of the public business innovation agency ACCIÓ, highlighted the heterogeneity of the companies present at the ‘Catalonia’ stand, which work on different fields, from developing applications for the biomedical sector to dealing with social networks, urban mobility or ‘smart cities’.

Mobile World Congress (MWC), the world’s biggest congress in the mobile phone industry, takes place from today until Thursday in Barcelona. The Catalan capital is hosting this event for the 9th consecutive year. More than 1,800 companies from all over the world showcase their latest products at the event and more than 77,000 visitors are anticipated at the conference centre at Fira Gran Via. Mark Zuckerberg, founder of Facebook and new owner of Whatsapp, will follow today’s earlier speech by Whatsapp founder Jan Koum with his highly anticipated keynote talk. Virginia Rometty, IBM´s CEO and recently pronounced most powerful woman in Business, will also appear as a keynote speaker on Wednesday. Leading mobile phone companies such as Samsung, Sony, Nokia, Huawei, HTC and others are expected to launch their new devices at the exhibition.

Some 1,900 police officers, both from the Catalan Police Force (called Mossos d’Esquadra), and from the local polices of Barcelona and L'Hospitalet de Llobregat (Greater Barcelona), will ensure the safety of the 75,000 visitors expected to attend the Mobile World Congress, the main international event of the mobile-phone-related industry. This trade fair and conference takes place each year in Barcelona and the upcoming edition will run from the 24^th to the 27^th of February. With this safety reinforcement plan, plain-clothed police officers will be deployed in the pavilions of the Mobile World Congress, while the number of uniformed-police patrols will be increased to dissuade pickpockets. Furthermore, there will be more private security guards controlling the premises this year and a dedicated police station where attendees can report any loss or theft will be open all day long.

The Director General of Fira de Barcelona and Executive Vice President of Mobile World Capital Barcelona, Agustí Cordón, presented on Wednesday the initiative ‘Mobile Ready’, a set of activities that will show citizens and tourists in Barcelona the potential transformations of mobile technology on their daily lives. ‘Mobile Ready’ will travel across the main architectural, commercial and entertainment points of the Catalan capital. Moreover, coinciding with the Mobile World Congress, the Fira de Barcelona facilities in Montjuïc will host the event ‘4 Years From Now’, which will bring together international investors and over 1,000 entrepreneurs in the Information and Communication Technology sector.