investment

The Catalan Government criticised the Spanish Executive’s obstacles to Catalonia’s own external relations action, as “in a globalised world” this “is not a caprice”, but essential to be recognised at an international level and to attract foreign investment. The Catalan Minister for the Presidency, in charge of External Relations, Francesc Homs, criticised the Spanish Government’s “old-fashioned” way of understanding diplomacy and gave the example of spending in 2012 “€330,000 on cutlery and table cloths”. Homs emphasised the main commercial focus of Catalonia’s external offices and their “modesty”. The Catalan Government has a total of 5 political representation offices – including for the European Union – and 34 commercial offices.

Trade unions refused to sign the Japanese company’s final offer to increase the competitiveness of Barcelona’s plant by reducing salaries and changing working conditions, so Nissan announced the end of the talks after 6 months of negotiation and meditation by the Catalan Government. Before Christmas, the Japanese company had already warned the unions that talks were coming to an end as the production of the new sedan car needed to be allocated. Back then Nissan presented a final offer, which has however been modified in the last few days. Once the agreement seemed to be imminent, Nissan floated the idea of a two-day reduction in holiday days, which the unions immediately rejected. Nissan warned that its Barcelona plant might now face “a slow-death scenario”.

The Catalan theme park PortAventura, located on the Costa Daurada, between Tarragona and Salou, will be completely controlled by Investindustrial, a fund run by the Bonomi family. Portaventura is the only profitable theme park in Spain and one of only a few in Europe. Investindustrial is buying the remaining 50% of the park for €105 million. Furthermore, they have announced a future investment of €80 million to foster the park’s international expansion. PortAventura is located next to the land where the €6 billion mega-resort Barcelona World will be built. The Italian group has a consolidated trajectory of investing large amounts of capital in businesses from a wide range of sectors to ensure growth.

The Catalan Government has confirmed that a framework agreement has been reached with the project's promoters, with the green light from Barcelona’s City Council. However the final details are still pending negotiation. No public funds from Catalan institutions will be allocated. The Catalan President, Artur Mas, will sign the agreement during his trip to Russia, scheduled for between Wednesday and Friday. Barcelona’s Hermitage will very likely occupy three old warehouses located at the city port, in front of the beach and the luxury hotel W. The architectural project was released two weeks ago and will fully renovate the old warehouses, which will have their own dock and three floors, including a basement. The Hermitage has already opened other centres outside Saint Petersburg, in Amsterdam, Ferrara and Kazan.

Catalonia hosts one of the world’s five active potash mines. The company Iberpotash has started to implement its Phoenix Plan, which foresees investing €600 million until 2020. The first phase of the project is the construction of a 4.7 kilometre tunnel to transport the potash mineral extracted from the mine to the treatment plant. The tunnel represents an important environmental improvement, as lorries carrying potash will no longer pass through the town of Súria. They will pass through the tunnel 900 metres under the ground. This first phase will enable the improvement of the mine’s productivity to between 30 and 40%.

‘Barcelona World’, located next to Salou’s beaches and PortaAventura, will have 6 new theme parks, as well as 12,000 hotel rooms, casinos, convention centres, golf courses and other amusement facilities. 10 million people are expected to visit the mega-resort funded by Veremonte each year, which will create 40,000 jobs. ‘Barcelona World’, located next to Tarragona in the Costa Daurada, will be Europe’s largest amusement resort and among the world’s largest, targeting family and business tourism. Construction may be complete by late 2016. The project has been announced after the expiration of the offer made to Las Vegas Sands to build its casinos next to Barcelona. This American company has not announced if it will finally build ‘Eurovegas’ in Madrid yet, but the Barcelona option seems to be ruled out.

The Mayor of Barcelona, Xavier Trias has finished a seven-day visit to China. The aim of the trip was to promote Barcelona’s economy and attract new foreign investment in the Catalan capital. The Mayor spoke of the trip in a very positive light, pointing out the economic potential of Barcelona and highlighting the Chinese companies’ appreciation for the opportunity to invest in Barcelona.

The multinational chemical company explains that they would invest more money if the Mediterranean Railway Corridor were already a reality. This infrastructure is being delayed by the Spanish Government and it would enable the transportation of freight on international standard width railway from Catalan ports to Central Europe, and vice versa.

Using its absolute majority, the People’s Party (PP) has approved the Spanish Government’s budget for the current year refusing 3,100 amendments from the opposition. Only 3 minor amendments from the opposition parties have been accepted. The budget does not respect the current legislation, which obliges to guarantee a minimum investment percentage to be made in Catalonia in order to compensate for an historical lack of money being put into the Autonomous Community. According to Catalan law, approved by the Spanish Parliament, Catalonia should receive at least 18.66% of all the territorial investment made throughout Spain; however it only receives 11.04%.

The decision represents the creation of 700 direct and indirect jobs. Car manufacturer Nissan has confirmed it will build the new ‘e-NV200’, a totally electric van at its Zona Franca plant from next year. The plant is located in Barcelona, next to the city’s port and airport. From there, the new van will be distributed worldwide. Barcelona competed with other Nissan plants in China, Japan and Mexico. In addition, Nissan managers were confident that Barcelona’s plant could produce other models in the future.

The Russian company Lukoil has reached an agreement with the Catalan company Meroil to build 13 new oil tanks at Barcelona Port, which are able to store 360,000 cubic metres. Furthermore, Barcelona Port is the only Mediterranean port ready to host the largest and deepest oil tankers. The Catalan President, Artur Mas, unveiled the infrastructure and emphasised Catalonia is strengthening its position as “Europe’s gateway for goods coming from Asia and North Africa”. He also noted Catalonia’s attractive position for foreign investment. Barcelona Port is linked by international width standard railway with Central Europe and has the Zona Franca logistics and industrial district next to it.

The Japanese multinational company has chosen Catalonia’s capital for a new international sales centre serving the entire European Union. The centre will create 300 high-qualified jobs by 2013, when it will be fully operational. The President of the Catalan Government, Artur Mas, unveiled the new centre, while he pointed out the strong business relationship between Japan and Catalonia. He also emphasised the “business friendly policy” of the Catalan Government.

After last week’s minor train accident, the Spanish Minister for Transport, Ana Pastor, wanted to personally check Barcelona Metropolitan Area’s railway infrastructure. Pastor has recognised that the Spanish Government had not invested the required amount in railway infrastructure in Catalonia. She said that €5.748 billion has not been invested. Many Catalan voices have criticised the Spanish Government’s lack of investment in key transport infrastructure for Catalonia’s economy.

The US technology company Tech Data will create 400 highly qualified jobs in the Catalan capital. Tech Data, which specialises in hardware distribution, will open the new facility in Barcelona’s Zona Franca, an industrial district next to the port. The new Barcelona operations centre will serve the rest of the company’s European plants.

More than thirty Chinese companies and investment agencies have visited Barcelona in search of business opportunities. The Catalan capital is a gateway to the European market for Asian companies, thanks to its sea port, airport, geographic location and a dynamic and well connected economy. In addition, Barcelona is also a leading centre in the Euro-Mediterranean Area.