Business

Catalonia’s International Tourism Fair is currently taking place and will run until this Sunday. Barcelona broke all records in 2010 regarding visitors. 7.3 million tourists visited the Catalan capital and there were 14 million hotel nights booked by visitors. The Catalan Minister for Business and Employment, who is in charge of tourism, expects 2011 for Catalonia to be “exceptional”.

Unemployment registers in Catalonia increased by 8,658 people in March. One in four jobseekers does not receive any public assistance. In addition, training courses for jobseekers have run out of funding and are waiting for the new budget to be approved by the Catalan Government.

Spanair, Singapore Airlines and Iberia have launched new direct connections with São Paulo, Miami and European destinations from Barcelona’s Airport. Gradually, Barcelona El Prat is putting together the pieces to become a continental hub in its own right.

FDI in Catalonia surpassed the 3.9 billion euros mark in 2010. It represents 34% of FDI in Spain and was almost three times higher than 2009 levels. The Catalan Government is currently negotiating 189 projects that could bring in up to 6.5 billion euros to the Catalan economy.

Goods transportation is increasing at Barcelona Airport since it experienced a drop in 2009 due to the global economic crisis. Two companies have already announced that they will establish their services in the area. Barcelona Airport transported 104,280 tonnes of goods in 2010.

The board of the Catalan savings bank decided to “temporarily” use public capital in order to meet the new requirements in the sector. This move means it will reach 10.4% of ‘core capital’. Private capital is expected to increase its share “in the medium-term”.

Foreseeing a negative decision the Catalan Government already modified the law in 2009. The sentence declares illegal certain aspects of the law approved in 2005, such as conditioning the establishment of large retail centres to the expected effect on existing small businesses in the area or on the market share.

The French train manufacturer plans to lay off 1,380 employees at its plants in Germany, Italy and Spain. Alstom’s Spanish factory, which has 900 staff members is located in Santa Perpètua de la Mogoda, in the Barcelona Metropolitan Area.

The Catalan pharmaceutical and chemical company was identified in a Wikileaks cable from the U.S. State Department as one of three strategic items the United States had in Spain, together with the natural gas pipeline from Algeria and the Gibraltar Strait. Grifols leads the blood plasma-based products’ market in Europe and is expanding its U.S. presence.

The technology multinational will open a Customer Centre in the Scientific and Technological Park of Lleida to serve the entire Iberian Peninsula and international clients.

The strike threatened by Spanish airport staff was finally cancelled as an agreement was reached between the ministry and trade unions. Air Berlin announced a flight increase in Barcelona: 38 flights per week will link the Catalan capital with Düsseldorf. The Spanish Minister for Transport insisted that the tender process to manage the airport will be issued before the end of the year.

The company sells high end clothing on the Internet. It distributes over 25.000 items of clothing daily amongst its 3,7 million clients. The centre will deliver on demand from Spain and Italy.

The new employees hired will be people currently out of work. The Spanish car manufacturer, which is part of the Volkswagen group, has its factory in the Barcelona Metropolitan Area. SEAT will for the next five years invest 300 million euros annually.

However, the Catalan bank does not close the door to integrating a financial entity in the future. Banc Sabadell wants to take advantatge of the restructuring process of the financial system to grow throughout Spain, told its President Josep Oliu.

The Director of ESADE’s Master in Finance, Jordi Fabregat, recommends that Catalan savings banks speed up its transformation into private banks in order.