companies

The moves of firms moving HQs out of the country have “no real effects” on the economy, according to the executive

Urgent Spanish government measure to facilitate decision by firms to relocate HQs causes “concern” in Catalonia

With an extra 5.6% new companies since 2014, Catalonia accounts for 18.5% of all businesses in Spain

SMALLE Technologies and Carinsa selected with 64 other small and medium-sized companies from all around Europe

Foreign investment in Catalonia throughout 2016 totaled €4.8billion, 1.3% less than in 2015. Indeed, 2015 had set a historic record in terms of foreign investment, registering a 57.8% growth in comparison to the previous year. Despite this slight decrease, 2016 represents the second best year in the historic series, according to data published this Tuesday by the Spanish Ministry for Economy, Industry and Competitiveness. Moreover, Catalonia ranks second in terms of foreign investment in Spain, Accounting for 20% of the investment and only surpassed by Madrid, which attracts 46.7% of foreign capital. Regarding Catalan exports, they totaled €5.3 billion in January, the highest figure for this month since 2000. This data confirms Catalonia as the leading territory in Spain in terms of exports followed by Andalusia, whose exports totaled €2.5 billion.

Catalan exports totalled €65.14 billion in 2016 and set a new record for the sixth consecutive year, according to data released by the Spanish Ministry for Economy and Competitiveness. The figure not only represents a 2% increase in comparison to last year but a higher growth than that registered in the whole of Spain (1.7%) and the Eurozone (0.17%). Thus, Catalonia continues to lead exports in the whole of Spain. This good trend is the result of “the persistent and permanent efforts of Catalan companies, which are amongst the most internationalised in our environs”, explained Catalan Secretary for Business and Competitiveness, Joan Aregio. The sectors which grew the most in 2016 in terms of exports were equipment goods (+10.4%), followed by chemical products (+1.3%). On the other hand, exports in the automotive sector fell by 0.4%.

The number of Catalan companies which will attend the 12th edition of the Mobile World Congress (MWC), to take place from the 27th of February to the 2nd of March in Barcelona will be higher than ever. There will be 105 Catalan businesses represented at the world’s largest event of the mobile and cell phone-related industries, exceeding for the first time the threshold of 100, explained Catalan Minister for Business and Knowledge, Jordi Baiget. 68 of these companies will be located in the Catalan Government’s pavilion, which will be set up at the centre of Fira de Barcelona. Barcelona’s Mayor, Ada Colau, emphasised the “good understanding” between the public administrations which share the organisation of the MWC: the Catalan Government, Barcelona’s City Hall and the Spanish Government.

There has been a recent turn in British investment in Catalonia. While Foreign Direct Investment (FDI) from the United Kingdom in the region was on a downward trend between 2013 and last June, the situation has reversed and Catalonia currently accounts for 4,4% of British FDI in Spain. Indeed, Catalonia is the third territory of Spain in terms of volume of British FDI. Ahead of Catalonia, stand only Madrid and the Basque Country, which received, respectively, €3,258 and €828 million from the UK between 2013 and last June. In the same period, Catalonia received a gross flow of €546 million, according to the Barometer on the Climate and Perspectives for British Investment in Spain and Catalonia, a report that analyses the evolution of direct investment from British companies in Spain.

Exports from companies based in Catalonia reached €48.58 billion during the first 9 months of 2016, a 2.1% increase compared to the same period last year. According to the Spanish Ministry for Economy and Competitiveness, this figure sets a new historic high for Catalonia’s export sector, which has been growing strongly over the last few years. Moreover, in September Catalan exports were worth €5.7 billion, which is the highest figure for this month since the beginning of the historic series, in 2000. The sectors that contributed the most to the positive export figures were the chemical sector, which concentrated 60.8% of total exports, followed by equipment goods and the automotive sector. On the other hand, Catalonia’s trade deficit between January and September rose by 0.5% in comparison to the same period in 2015 and totalled €9.2 billion. 

The Barcelona-based energy company Gas Natural Fenosa, through its subsidiary Global Power Generation (GPG), has signed an agreement to acquire a majority stake of 85% in two solar plants in Brazil from Gransolar Group. The operation will involve an investment of €85 million to implement their first power generation project in the Brazilian market. The production of these two facilities will be about 154 GWh a year. With this agreement, and the construction of a 91 MW plant in Australia announced last August, the holding company GPG Gas Natural Fenosa has already exceeded the target of energy production set for 2018 in its strategic plan.

170 international companies will take part in the second edition of the Internet of Things Solutions World Congress (IoTSWC), twice the number of participants from the first edition. Moreover, 160 speakers will discuss as to what extent the Internet is "radically transforming" the industry. The event, held in the Fira de Barcelona facility on Gran Via, kicked off this Tuesday and will continue to offer the latest developments in this sector until next 27th of October. Although the principal focus is the application of the Internet of Things in the Industry, the Catalan Minister for Business and Knowledge Jordi Baiget pointed out during the inauguration ceremony the multiple uses of the IoT, that “it has to do with the industry, but also the daily life of individuals and society, and we have Catalan companies at the event presenting solutions regarding cybersecurity, measurement and data transmission, mobility control and applications in health and agriculture". 

Barcelona’s Deputy Mayor for Business, Innovation and Culture, Jaume Collboni, visited London this Monday to explain the so-called ‘Brexit Plan’. This initiative aims to establish a unique window to support British investors and entrepreneurs that want to come to Barcelona to launch a business. The plan also seeks to convince companies currently based in the UK, which may be considering relocation after ‘Brexit’, that Barcelona is a “business-friendly city”, Collboni stated. The main goal is not to compete with London but to establish a relationship “based on collaboration and cooperation between these and other global capital cities such as Berlin or Amsterdam”, he added. The politician met with London’s Deputy Mayor for Business, Rjaesh Agrawal, and the economic promotion agency of the metropolitan area of ??London, London & Partners. “The meetings have gone very well", Collboni said and acknowledged that Barcelona "already has a very good international image". 

From digital health, to the Internet of Things (IoT), Artifical Intelligence (AI), virtual reality, AgTech and EdTech. These are the fields of the 15 Barcelona start-ups representing Catalonia at the Disrupt SF 2016 entrepreneurial event, taking place this week in San Francisco. The 15 Catalan firms have been selected from a total of 128 applicants. Catalonia Trade & Investment, Catalonia’s agency for economic promotion, together with the technology media Tech Crunch, were responsible for the decision and have organised the trade mission to California. The 15 companies will also be able to pitch their projects in front of 50 investors and US companies at a meeting on the 15^th of September at Samsung’s Silicon Valley facilities. 

The Catalan Government and Barcelona’s City Hall will join efforts to house those companies which want to leave the UK due to Brexit. “We will specifically address entrepreneurs, start-ups and ICT companies”, explained Catalan Ministry for Business and Knowledge Jordi Baiget.“We to want tell British entrepreneurs and multinational companies that Barcelona and Catalonia are a great destination”, added Barcelona’s deputy Mayor, Jaume Collboni. More than 2,000 Catalan companies regularly export to the UK and 22.4% of Spanish exports to the state are from Catalonia. Regarding imports, the Barcelona area received 2.2 billion euros from UK-based companies in 2015, 5.8% more than the previous year. In June the Catalan Government also offered to host the headquarters of the European Medicines Agency, which is currently in London.

Seven Catalan start-ups are in London this week for London Technology Week. Finanzarel, Captio, TECH4FIN, Private Network Investments, Capital cell, ECrowd Invest and Social Currencies Management are in the mission organised by the public business competitiveness and internationalisation agency ACCIÓ. Heading the event is Núria Betriu, Director of Industry of the Catalan Department for Business and Knowledge. She will hold meetings with the Government of Wales and visit British companies and investment funds, as well as present at the event Barcelona's Upcoming Tech Scene: New Horizons in Catalonia. The start-ups will participate in individual meetings and networking activities among other things, in order to experience first-hand one of the ecosystems with the most private and alternative investment culture at an international level.