investment

Bouygues: Catalan independence “won't be a problem” for investing

May 23, 2017 04:08 PM | ACN

The independence process “won't be a problem” for investing in Catalonia, said Paul Cartuyvels, Director for European Affairs of the French multinational Bouygues, a company with more than 125,000 employees and delegations in 19 countries. Cartuyvels participated in a meeting on foreign investment with entrepreneurs and companies from Europe, the U.S. and Asia, organized by the Catalan government during the “European Business Summit”. Bouygues is interested in Catalonia’s Global 3D Priniting Hub and considers the country “a natural partner for high level innovation”. The Catalan Minister for Business and Knowledge, Jordi Baiget, who explained Catalonia’s business assets during the meeting, said that the political debate is not negatively affecting foreign investment: in fact, in the last 5 years Catalonia has seen a 36% increase in foreign investment.

EIB backs €125 million of financing for affordable housing in Barcelona

May 16, 2017 05:12 PM | ACN

The European Investment Bank (EIB) approved on Tuesday a €125 million loan to the Council of Barcelona to build 2,198 affordable houses. The money will help to finance 23 promotions from all over the city and will cover 50% of the projects budget. The rest will be paid through the Council own resources (31%) and other financial sources, including public and private institutions (19%). Gerardo Pisarello, from the Barcelona Council, said that the EIB loan will help the city save up to €45 million in interests, as the financing conditions set by the European Investment Bank are much more favourable than those of other banks. The Council of Barcelona is planning to build 8,800 affordable flats until 2025.