Business

The Catalan president argued that if strict deficit targets are imposed upon his government budget again, it will be impossible to promote growth and create jobs, thus affecting the economy of Catalonia, Spain and the whole of southern Europe. The Spanish government will publish in the next few days new regional deficit targets for 2013 and Catalonia is asking for more flexibility. “If they do not offer us what we need, we won’t be able to stimulate our economy, and if we can’t do that, the whole of Spain and southern Europe will be affected”, stated Mas.

Many international and national companies have set up their headquarters in the 22@ area during the last decade, located in Poblenou, an old industrial district known as the “Catalan Manchester”. The borough continues to change and grow in many ways. Improved traffic distribution for the Plaça de les Glòries or the Design HUB are just some of the new proposals. At the moment, Poblenou is a landscape of contrasts: from hi-tech buildings to abandoned factories. It is a unique urban landscape as well as an ongoing challenge from an architectural, economic and social point of view.

As of 1 February 2014 the 517-seat A380 will link the Catalan capital with Dubai on a daily basis. It will be Spain’s first regular flight of the world’s largest passenger airliner. The flight will increase the route’s current passenger capacity by 44%. “Barcelona is one of the most popular destinations out of those that were unveiled in 2012,” stated Emirates Senior Vice President of Commercial Operations, Hubert Frach. The airline is currently running the flight with a Boeing 777-300ER aircraft.

The Workers Commissions trade union (CCOO) has issued a study calculating that 595,000 jobs have been lost in Catalonia since 2008. Furthermore, the number of unemployed people has increased by 428,000 individuals. The study also revealed that the active population was reduced by 85,900 people (-2.3%) between 2011 and the last quarter of 2012. The Socio-Economy Secretary of CCOO said at the presentation of the study that “there are no objective indications of a short-term recovery of the economy or employment levels”.

The British financial magazine ‘Euromoney’ has named the Catalan CaixaBank the world’s best bank in a technological innovation ranking. Furthermore, the publication considered CaixaBank to be the best Spanish bank for the second consecutive year. The Catalan entity is the largest bank within the Spanish market, ahead of the two world giants Santander and BBVA. Furthermore, CaixaBank leads online banking in Spain with 8.8 million clients.

The Spanish Transport Ministry and Barcelona’s City Council signed an agreement to unblock the construction work of La Sagrera train station, which was on hold due to the current financial crisis. This project is the main urban planning initiative Barcelona has been trying to develop since the Olympics. It involves building a huge inter-modal station, combining high-speed trains, short- and medium-distance trains, underground trains and buses. In addition, many retail, office and housing buildings would be built on top of the station and nearby. On top of this, a 4.5 kilometre-long park would be created, covering the rail yard and connecting several neighbourhoods that are now separated by the tracks. In early 2013, the project was at risk since the Spanish Government had not guaranteed its funds, despite the fact that construction work started years ago.

Car manufacturer SEAT, which is part of the Volkswagen Group and is based in Greater Barcelona, has announced that the temporary mass lay-off will affect its entire staff in two phases. The first phase will be between September and December of 2013. 571 contracts per day will be temporarily suspended, in turns. In addition, the production lines for the Audi Q3 and the Seat Exceo will be closed for 16 days, affecting 2,800 employees. The Exceo car model will no longer be produced as of 2014. Furthermore, there will be a second phase of temporary lay-offs next year, when the Set Leon’s production line will be closed for 35 days, affecting 3,800 workers. The company explained that the decision was taken “after having exhausted all the internal flexibility measures”.

Catalonia’s industrial sector decreased by 1.1% in 2012 due to the economic crisis. Catalan companies exported products for €58.28 billion, the highest figure ever. This represented 5.7% more than in 2011 and 15.4% more than in 2008. Exports from Catalonia represented 26.2% of Spain’s total exports in 2012. Furthermore, foreign investment in industrial projects in Catalonia increased by 6.2% last year compared to 2011. Therefore, the highest volume of exports ever and an increase in foreign investment in industrial projects meant that the Catalan industrial sector decreased at a slower pace (-1.1%) than the Spanish average (-2.9%). The lack of access to bank credit is the main obstacle for corporate investments, stated the Catalan Government. The other great obstacle is the poor internal demand.

The Catalan capital will host the certification and inspection lab that the China Certification & Inspection Group (CCIC) will base in Europe to analyse and validate the products that the Asian giant imports. The Chinese company will initially invest €2 million in its Barcelona centre, which will be built in the Zona Franca industrial and business district, located next to the city’s port and airport. The CCIC carries out the inspection, verification and certification of foreign products entering the Chinese market. The news was confirmed on Tuesday by the CCIC’s President, Zhan Li Qiang, in a meeting in Beijing with a business delegation from the Barcelona City Council. A year ago, the Mayor of Barcelona, Xavier Trias, met the CCIC in Hong Kong.

The Italian ferry company has built a 63,000 square metre terminal at the Costa dock, with an investment of €20 million and a capacity of 3,600 passengers per day. The new terminal will allow the city of Barcelona to gain a new urban area, since the space accessing and surrounding the terminal will be integrated into the city for the first time. Urban planning work will be concluded by the end of the year, announced the Mayor of Barcelona, Xavier Trias. The terminal has restaurants, bars, shops and free Wi-fi, and will allow the boarding of passengers and goods.

The 9th edition of the Videogame and Interactive Entertainment International Conference, Gamelab, takes place in the Catalan capital from the 26th to the 28th of June. This year the business fair and conference has moved to a smaller location – Catalonia’s Cinematheque. However, the number of participants remains the same and the expectations generated are probably bigger, since this year’s conference displays a top selection of “frontline speakers” at international level. In fact, Barcelona’s event has gradually become “one of the world congresses with the greatest influence” within the videogame industry and an “international reference” point, according to the organisers.

Telefónica’s R&D centre in Barcelona’s 22@ technological district will lead the company’s innovation internationally and will significantly increase its staff numbers, which currently stands at 220 workers. The decision strengthens Barcelona’s position as the Mobile World Capital, as it already hosts the main event of the mobile technology industry at an international level. In total, Telefónica has 6 R&D centres spread throughout the world. Besides Barcelona, the company’s innovation centres are based in Silicon Valley, Sao Paulo, London, Tel Aviv and Madrid. The Barcelona centre is now celebrating its 10th anniversary. In the last decade, Telefónica has invested up to €200 million in its Catalan centre, €28 million of which was in 2012.

Catalan companies exported goods and services worth €5.05 billion in April, which represents a 13.4% growth compared to the same month of 2012. In the first four months of 2013, Catalonia exported €19.17 billion, a 1% increase compared to the same period of the previous year. Looking at figures for the whole of Spain, exports reached €29.40 billion in April, an 18.6% increase compared to figures from April 2012. Regarding the volume of exports reached in the first four months of 2013, Spain exported 76.98 billion, a 7.5% increase compared to the same period last year. The chemical sector led Catalan exports, followed by capital goods and cars.

The €6.6 million project will last for 6 years and will start in Egypt, Morocco and Tunisia. It aims to strengthen the training of logistics sector workers in 10 countries in the Southern Mediterranean area. During the project’s presentation in Barcelona, the European Commissioner for Enlargement and Neighbouring Policy, Stefan Füle, asked for a greater financial commitment from the 43 countries that are members of the Union for the Mediterranean (UfM). He lamented that “it is not healthy” that the European Commission continues to be the main funding source for the UfM. Three years after unveiling its permanent Secretariat in the Catalan capital, the UfM is starting its first projects.

On Thursday, the Catalan Government published the new legal project for the area where ‘BCN World’ will be built, in order to modify the existing town-planning project and other rules. In addition, it will also modify the current taxes on gambling, dropping them from a maximum rate of 55% to 10%. The modification of such taxes was one of the changes the Catalan Government had promised international investors in order to develop the mega resort, which will see the construction of 6 casinos and hotels the size of those in Las Vegas. In addition, the resort will have golf courses, a beach club, a marina, a smart residential city area, shopping centres, theatres, conference centres and other attractions. Two weeks ago, the first three international investors participating in the project were announced. Plans are to start construction of the first casino in September.