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Entrepreneurs fair BizBarcelona 2014 gets underway

Anders Ballegaard

Throughout this week the Fira de Barcelona's Montjuic exhibition venue in the Catalan capital is transformed into a business fair for start-ups and entrepreneurs. The BizBarcelona event takes place on Wednesday the 4th and Thursday the 5th of June and is the second edition of this innovative business fair. The event serves several purposes and contains as many as six different areas including e-commerce, the financial markets, exports, franchises, business consulting as well as cooperation and networking. The event offers various opportunities for established and future entrepreneurs. BizBarcelona is a welcome initiative. First quarter financial reports revealed a decrease in bankruptcy proceedings, and with a high unemployment rate in Catalonia and Spain it is hoped that these new companies can create jobs.

June 4, 2014 09:11 PM

Barcelona El Prat Airport to be connected by metro by early 2016

ACN

The Barcelona Metro will reach El Prat Airport by the first half of 2016, perhaps even earlier, according to forecasts announced on Wednesday by the President of the Catalan Government, Artur Mas. The L9 line connecting Barcelona municipality to El Prat Airport and other cities has been under construction since 2002, and was originally anticipated to open in 2008, but the financial crisis and the state of public finances have delayed its full completion. An initial stretch of the line became operational in 2009, located at the opposite end to the airport. Once fully finished, the underground line will consist of two branches spanning across the Barcelona metropolitan area, making it the longest automatic metro line in Europe. The entire project will represent a total investment of €16 billion, €3 billion of which is for the airport connection. The test phase of the airport stretch will begin this autumn and should be completed by early 2016 or earlier.

June 4, 2014 03:18 PM

Catalonia registered the lowest unemployment levels since August 2011, with an 8 % annual drop

ACN

Registered unemployment in Catalonia has dropped to 592,304 people at the end of May 2014: the first time the figure has fallen below the 600,000 mark since August 2011. According to figures released by the Spanish Ministry of Employment and Social Security, between May 2013 and May 2014, registered unemployment dropped by 7.76 %, a reduction of 49,862 people. In only one month, unemployment decreased by 19,518 people from April to May, a 3.19 % drop. This has been the greatest monthly decrease recorded in May for 18 years. Furthermore, Catalonia has also experienced the greatest fall in unemployment of any Autonomous Community in Spain this last May, followed by the Region of Madrid.

June 3, 2014 08:54 PM

Legal framework for $6 billion mega-casino and amusement resort BCN World approved

ACN

The Catalan Parliament has finally approved the legal framework allowing the construction and the activities of the BCN World mega-resort, to be located next to PortAventura amusement park in the Costa Daurada. Now, the company Veremonte has the final green light to start construction, after it already had announced the first investors some months ago. Casino giant Melco, hotel brand Melià, US Hard Rock, Value Retail shopping malls and Investindustrial, which owns PortAventura, will participate in the $6 billion project. Furthermore, Ferrari announced it will build its first theme park in Europe there. BCN World involves 6 mega-casinos, large-size hotels, shopping malls, convention centres, theatres, golf courses, parks, a beach club, technology institutes and smart city developments.

May 29, 2014 10:08 PM

Catalonia received 52% of the total industrial foreign investment in Spain

ACN

The Catalan industrial sector received €1.365 billion of direct foreign investment in 2013, the highest amount since 2005, according to Barcelona’s Chamber of Commerce. This represents 52% of the total foreign investment in Spain’s industrial sector in 2013, while Catalonia represents around 19% of Spanish GDP. Across all sectors Catalonia received a total of €3.51 billion of foreign investment last year, 31% more than in 2012. In addition, the President of the Chamber, Miquel Valls, emphasized that foreign investment in Catalonia went mostly to the industrial sector and advanced services, while in the rest of Spain it mostly went to the recreational and real estate sectors. According to Valls, this indicates that international investors have identified Catalonia with “a new production model”, while this has not happened in the rest of Spain.

May 23, 2014 09:39 AM

Barcelona-based Abertis expands in Chile, taking 100% control of Rutas del Pacífico highways

ACN

The Catalan highway and telecom company Abertis has closed a €291 million deal to buy the remaining 42.3% of the shares of the Rutas del Pacífico highway management enterprise. Abertis, which is a world leader in the highway management business, already controls 57.3% of the South American company and now it has bought Capital Riesgo Global, Grupo Santander and Inversora de Infrastructuras (Invin) the rest. The new operation will be completed in the second half of 2014, although the Catalan multinational will not have to pay the €291 million until August 2019. With this deal, Abertis will also take control of 50% of the Autopista Central highway company.

May 21, 2014 09:44 PM

Nissan to invest €110 million and hire 1,000 workers in Barcelona to build new Pulsar model

ACN

On Tuesday the Japanese car manufacturer presented the new Nissan Pulsar, which is a new 5-door version of the existing compact car, at Madrid’s Automobile Fair. The new vehicle will be assembled in Barcelona’s Zona Franca plant, located next to the city’s harbour. In order to build the new Pulsar, Nissan will invest €110 million in the Catalan plant and will hire up to 1,000 workers by 2015. Nissan’s Barcelona plant was already in the news a few days ago as it began to produce the new e-NV200 electric van for the global market. The new Pulsar will go into production in July, to be on the market from October. Nissan is planning to produce 80,000 units of this model per year.

May 20, 2014 10:29 PM

Catalan exports grew by 4% in the first quarter of the year on 2013 figures

ACN

Exports from companies based in Catalonia reached €14.69 billion during the first 3 months of 2014, a 4.1% increase on the same period of 2013. Catalan exports stagnated in 2013 on 2012 figures, with 0.1% growth, after a few years of significant increase. The figures from the first quarter of 2014 point towards a recovery of export growth, mostly thanks to the month of March, when exports grew by 7.8% compared to the same month of 2013. In the whole of Spain, exports increased by 3.2% in the first quarter and Catalonia represented 25.2% of total Spanish exports. The chemical industry accounted for 27.6% of Catalan exports, followed by capital goods and the car industry. 65.4% of Catalonia’s exports went to European Union markets, while exports to Asia accounted for 9%.

May 20, 2014 10:25 PM

Annual record in Barcelona's Port this Sunday with 32,000 cruise passengers

ACN

On Sunday 18th of May, the Port of Barcelona will register its highest passenger record in a single day this year with 31,600 people travelling in 1 of the 7 cruise ships docked in the city's harbour. "The city of Barcelona is, economically speaking, the great beneficiary from the arrival of cruise ships" in its harbour, stated Sixte Cambra, President of the Barcelona Port Authority.  According to the organisation’s calculations, in a single day these tourists will spend €3.5 million in the city's local economy. Five of the seven cruise ships offer a turn-around service from Barcelona, which means that passengers start or end their sea journey in the Catalan capital. The two other boats are making a layover in the city.

May 16, 2014 09:48 PM

Telefónica to create 310 jobs with a new call centre in Greater Barcelona

ACN

The Spanish telecommunications multinational Telefónica will open a new call centre to take care of consumer queries in L'Hospitalet de Llobregat, a city literally attached to Barcelona's municipality. The new facilities will be operational from the 26th of May. It will initially start with 50 workers but by November it will already employ 310 people. According to Kim Faura, Telefónica's Director for Catalonia, the company's strategy is to relocate call centres and place them near the areas where consumers live.  This new call centre will be Telefónica's fourth one in Catalonia and will focus on helping clients going through digital environments. Faura's aim is to make this centre Spain's flagship for this sort of issues.

May 14, 2014 07:16 PM

Housing sales in Catalonia increased by more than 40% on 2013 figures in March

ACN

Sales of residential real state in Catalonia increased by 42.8% in March compared to the same month in 2013, according to data released on Tuesday by the Spanish Statistics Institute (INE). In the whole of Spain, housing sales grew by 22.8% in the same period, with 27,047 transactions. In Catalonia, 3,944 residential units were sold: 1,267 were newly-built houses (32.12%) while the remaining 2,677 were second-hand (67.88%). 3,567 (90.44%) were open market while the remaining 377 (9.56%) were subsidised housing units. Catalonia is the Autonomous Community with the second highest percentage increase in sales, coming after the Balearic Islands, which registered 71% increase.

May 13, 2014 11:34 PM

Catalonia’s GDP grows 0.4% between January and March, accumulating 4 positive quarters

ACN

The Catalan economy grew by 0.4% in the first quarter of 2014, which means that GDP has been increasing for the last 4 consecutive quarters, leaving recession far behind, according to an early estimate published on Monday by Catalonia’s Statistics Institute (Idescat) and the Catalan Ministry of the Economy and Knowledge. Furthermore, between March 2013 and March 2014, Catalonia’s economy grew by 0.8%. In the second quarter of 2013 it registered a quarterly growth of 0.1%; in the third it also posted a 0.1% quarterly growth; between October and December, it increased by 0,2%; and now, between January and March, it grew by 0.4%. The services sector has been the main engine behind this positive trend; in the last 12 months it grew by 1.4%.

May 12, 2014 09:55 PM

Motor industry and sport together in Catalonia

Mònica Angla

This weekend the Formula 1 World Championship comes to Catalonia once again thanks to a long tradition which blends the motor industry and competition. Catalonia has several industries related to cars and motorbikes. Aside from SEAT, Nissan, Honda and Rieju are important factories that supply components worldwide. Catalonia plays host to a packed motor sports calendar. The Formula 1 Grand Prix, the GP Motorbike Grand Prix, the World Rally Championship all take place in Catalonia among other endurance series, classic races and indoor or outdoor motorbikes championships. Moreover, Catalan drivers are competing in a lot of international categories. For instance, last year the three Motorcycle World Champions – Marc Márquez, Pol Espargaró and Maverick Viñales - were all Catalans.

May 8, 2014 11:51 PM

Registered unemployment in Catalonia dropped by 7% in April compared to the previous year

ACN

In April, 12,645 jobseekers left the Catalan Public Employment Service's lists, which is the sharpest unemployment reduction for an April month since 1998. At the end of April there were 611,822 people registered as unemployed in Catalonia, a 2% drop on March figures and a 6.88% reduction compared to April 2013. This 6.88% annual drop is also the sharpest since June 2000. Furthermore, in annual terms, registered unemployment has been decreasing in Catalonia for the last 10 consecutive months, although April is traditionally a good month for employment due to the new contracts linked to Easter holidays. In the whole of Spain, registered unemployment decreased by 111,565, representing a 2.33% drop and leaving the total number of registered jobseekers at 4,684,301. In annual terms, it dropped by 6.11%, being the 7th consecutive month with annual reductions.

May 6, 2014 02:03 PM

Nissan starts building its new electric van in Barcelona to be sold worldwide

ACN

The Japanese car manufacturer started production of its new e-NV200 van, the electric version of the existing NV200, on Monday. The new model will be Nissan’s first van to be 100% electric. The vehicle will be exclusively built in the company’s plant located in Barcelona’s Zona Franca industrial district, which is very close to the city’s sea port, one of Europe’s main gateways for imports and exports. The production of the new e-NV200 has meant the creation of 700 new jobs, according to Nissan’s CEO and Vice President for Industrial Operations in Spain, Frank Torres. Barcelona’s City Council has reached an agreement with the car manufacturer to promote the use of this van among the Catalan capital’s taxi fleet and distributors operating in Mercabarna, the city’s wholesale market.

May 6, 2014 12:54 AM

Read the latest updates and breaking news on business and economic matters from Barcelona and Catalonia here. Keep up to date with how the Catalan economy is performing, inflation levels, employment and unemployment, major business mergers, important company announcements, and the latest on Catalonia’s biggest enterprises such as Vueling, Wallbox, Grifols, Mango, and plenty of start-ups and international firms based here too.