Business

The low-cost airline Ryanair is cutting 28% of its routes from Girona airport and not replacing them with routes from other Catalan airpots. Although Ryanair promised to stay in Girona a few months ago, now the Irish airline company has accused the current Catalan Government of not respecting their agreement, for which it was receiving public subsidies. The Government is surprised by the decision and has reminded Ryanair of its current obligations.

International media focus on the world’s leading congress on mobile phone technology.

From this Monday to the coming Thursday, the Catalan capital is hosting the annual world’s most important cell phone technology event, the Mobile World Congress. About 55,000 people and 1,300 companies will attend the conference, which will generate more than 200 million euros of profit for the local economy. Barcelona needs to do its utmost best this year, as the host city from 2013 onwards is still not decided.

The Catalan Minister for Agriculture Josep Maria Pelegrí visited Berlin this week to greet the 23 Catalan companies that were exhibiting at the Fruit Logistica fair in Berlin. Catalonia has a significant fruit production industry and it exports fruit all over Europe.

Compared to 2009, real estate sales increased by 21.4% in Catalonia. The Catalan market’s activity triples the Spanish average. However, forecasts for 2011 are no so optimistic due to the VAT increase and the end of the fiscal deduction for purchasing houses and flats.

According to the new German Chamber of Commerce Managing Director in Spain, the Central European country could promise young Catalans not only training and competitive salaries but also job stability. He also explains which are the obstacles in his view that stop German investments in Spain and Catalonia.

The Catalan airline Pyrenair postponed all flights that were connecting Lleida and Vigo. For the moment, they will continue operating between Lleida-Alguaire airport and Madrid and will replace the previous flight with a new one to and from A Coruña.

The figure represents approximately 40% of the Catalan Government’s deficit in 2010. Barcelona’s Chamber of Commerce maintains a growth forecast of 0.8% for the Catalan economy in 2011.

Companies and agencies from the tourism industry have joint together to highlight the potential of the Asian tourist market and stress the obstacles for its growth. Currently, Barcelona has only two direct flights with Asia per week, a figure that is expected to largely increase. As an example of this potential, China exported almost 57 million of tourists abroad per year, but only 90,000 visit Barcelona.

Barcelona is hosting lawyers and legal experts from all over the world this week for the international legal trade fair and the Euro Mediterranean's annual conference for lawyers.

The industry sector consolidates its position as the main engine towards the recovery from the economic crisis. Despite this positive data, the 2010 GDP falls by 0.2% in comparison to 2009.

All the Catalan savings banks are in the process of becoming regular banks. In the last 6 days, all the savings banks have been defining their future and they are all going in the same direction: transforming their structures into those of a regular bank. The first stage was the merging process that took place before summertime and now, with the new banking rules at international, European and Spanish level, savings banks are finding it easier to continue operating as regular banks. The old model is thus finished.

The total number of unemployed people in Catalonia is now 589,623. In Spain as a whole, registered unemployment increased by 130,930 people this January. The total number of unemployed people sets a new historical record, with 4.23 million. Traditionally, January is a bad month in terms of unemployment data due to the end of Christmas sales’ hirings.

The Catalan bank Banc Sabadell reaches the 8% milestone by issuing 126.4 million new shares, which represent 10% of its capital. The movement is part of the bank’s strategy to strengthen its capital, foreseeing the future stress tests and the Basel III rules.

Unemployment in Catalonia rose in the fourth quarter of 2010. Although the industry sector had a good year, it is the only sector that provides jobs and is not enough to compensate the damage.