Business

For the whole of Spain, Autonomous Communities’ public debt represents 10.2% of Spain’s GDP in the 3rd term of 2010. It is the highest it has been since 1990. However, the largest part of the public debt comes from the Spanish Government, which represents 44.1% of Spain’s GDP. Finally, public debt from local public administrations only represented 3.4% of Spain’s GDP. In total, Spain’s public debt represents 57.7% of the country’s GDP, much lower than in the UK, Germany or Ireland.

The main Catalan airport received 15,1% more passengers in November, in comparison with last year. However, Girona and Reus airports are losing passengers.

Fira de Barcelona has just approved a new strategic plan for the next four years. The plan foresees increasing the turnover rate by around 50% and includes taking the Fira de Barcelona brand name to countries around the world.

The price increase is the result of the start of the winter season, in particular regarding clothing and shoe sales.

The last monthly report by La Caixa, the main Catalan financial institution, also stresses that the currency war should end in order to avoid a protectionism escalation. It foresees a Spanish GDP growth of 0.7% for 2011.

The metro wagons will be fabricated in Alstom Transport’s industrial centre, located in the Catalan town of Santa Perpètua de Mogoda, in Barcelona metropolitan area.

The German chemical company will concentrate its production in Madrid and Guadalajara. BASF will also restructure its sales, marketing and administrations departments, also located close to Barcelona, in l’Hospitalet de Llobregat.

Information published by the Catalan Ministry of Public Works shows that real estate transcations went down 22% in the third trimester after 3 trimesters of consecutive increases.

Catalan Christmas tree growers have been greatly affected by the crisis, with an almost 50% sales drop in recent years. Growers hope that exporting Christmas trees to countries like France and Portugal will help them come out of the crisis.

During this week’s Puríssima holiday, most tourist accommodations saw 85% occupancy. The Girona counties of Cerdanya and Ripollès experienced the best results, with sold-out occupancy, 20 points higher occupancy than last year.

The international trade fair on old vehicles is one of the most important in Europe. According to Fermín Sulé, the President of 'Auto Retro, the trade fair 'widely' exceeded the expected number of vehicle sales.

The Japanese company rejects the candidacy of its Catalonia factory for manufacturing the new car because it is not 'competitive'. The deputy CEO of Nissan in Spain blames the unions for not accepting new labour conditions which would have accommodated Nissan's interests.

The decrease in the number of jobless has been fuelled by an improvement in the industrial and construction sectors. In Spain, unemployment has risen to more than 4 million people.

The Spanish President confirms the privatisation of El Prat airport, in Barcelona, and the Barajas airport, in Madrid. José Luis Rodríguez Zapatero aims to reduce the deficit by selling 49% of AENA’s assets. AENA is the public company that manages Spanish airports

The Spanish car company expects sales to fall by 50% this year. Seat will create 750 jobs in the country for the fabrication of the Audi Q3