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CaixaBank, the new retail bank by La Caixa, will start trading in the Stock Exchange on July 1st

CNA / Gaspar Pericay Coll

The transformation of the savings bank La Caixa’s industrial holding, Criteria into the private bank CaixaBank is reaching the final stage. Criteria’s stockholder board approved duplicating the current stocks by issuing 300,000 convertible bonds. The new bank expects increasing its market share in Spain by 50% through business activity increase and new acquisitions in the period 2011-2014. The announcement is made the day after billionaire Carlos Slim bought 900,000 CaixaBank stocks.

May 13, 2011 01:48 AM

Catalan airline Vueling to open new operating base in Paris Orly

CNA / Jordi Font

The airline Vueling, which has its main base at Barcelona’s El Prat Airport, has a network of permanent operating bases, to which Paris Orly will be added if French authorities give the green light. Vueling’s Chairman, Josep Piqué, announced that a minimum of six planes will be based at France’s second airport. Across the 21 routes it has in France, the airline estimates that it will carry 26% more passengers in 2011 when compared to last year.

May 12, 2011 01:54 AM

Girona airport goes East with direct flights to Moscow, Belgrade, Warsaw, Gdansk and Katowice

CNA / Tania Tapia

Tourists from Eastern Europe will increase their presence in Catalonia this summer season, according to experts in the sector. Girona is now linked with 60 destinations while at the same Ryanair is reducing its flights from the airport and in a dispute with the Catalan Government over subsidies. Spanair will operate Ryanair’s flight to Madrid if no other airline does it.

May 10, 2011 01:43 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.