Business

The low-cost airline also serves Buenos Aires, San Francisco and Punta Cana and will offer new destinations soon

The Catalan Minister of Economy and Finance, Oriol Junqueras, defended the good health of the Catalan economy on Friday and insisted on the Catalan executive’s commitment to continue within the European Union in case of independence. At the 33th Annual Meeting of the Economy Circle in Sitges, Junqueras confirmed that his executive expects to surpass 2.7% of annual economic growth and highlighted the fact that Catalonia account for 85% of the deficit reduction of all administrations in Spain. The Catalan minister also used the opportunity to communicate a message of calm to the economic sector, guaranteeing that “Catalonia will not leave the EU in case of independence” since there is “absolutely no legal mechanism that foresees this case”. Along this line, Junqueras stressed the “firm pro-European commitment” of the Catalan government and its determination of “strengthening” a common project and creating “excellent relationships” with neighbors, “especially Spain”. In this case, however, like “two states with the same powers”.

Barcelona’s El Prat Airport registered 32.2 million international passengers last year, more than huge airports like JFK in New York or Narita in Tokyo. Barcelona has the 17th most transited airport in the world, according to the Airports Council International (ACI). There was an 11% growth in passengers traveling outside Spain from Barcelona over last year. Madrid-Barajas is still the main Spanish airport, with 36.1 million passengers, but El Prat is growing much faster. Those good results last year are not enough. Barcelona is looking to take a huge intercontinental leap forward in 2017. After hitting a record in 2016, the facility is now ranked seventh among European airports. The launch of the new long-haul operating hubs of Norwegian and Level are bringing it closer to becoming an international hub for a combination of European low-cost airlines and foreign companies.

Catalan exports reached €17.6 billion during the first quarter of 2017, a 13.6% increase in comparison to the same period last year. The figures, published by the Spanish Ministry of Economy and Competitiveness, are the best in the entire historic series. The exports in Catalonia between January and March 2017 represent 25.3% of the entire amount in Spain. In terms of imports, Catalonia saw in the first quarter an increase of 13.5% year-on-year, to €21.5 billion euros. The Catalan trade deficit was €3.9 billion, 13.5% more than the first quarter of 2016. The main exporting sectors were chemical products, which increased by 10.5% reaching €4.6 billion; manufacturing equipment, with an increase of 6.7% (€3.1 billion); and the automobile sector, which grew by 14% to €2.9 billion. The chemical products (14.5%, €3.9 billion) and automobile sector (8.8%, €3.3 billion) also contributed to the increase in imports.

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.

The 39th edition of the Automobile Barcelona show closed its doors with a record figure of more than 755,000 visitors, about 5,000 more than in the past edition in 2015. Sales agreements increased 15% compared to the last edition, reaching almost 80,000 vehicles sold. “This year’s edition has marked a before and after for automobile shows worldwide,” stated the chairman of Automobile Barcelona, Enrique Lacalle. “We have invented the automobile show of the future, introducing a new format and a new philosophy of trade shows that have been well received by the public and the sector professionals. And this has significantly increased the number of visitors and sales,” Lacalle added. The chairman also informed that 47% of the visitors who came to buy a car, showed interest in the “connected car” innovation.

The Catalan Government has announced an “urgent meeting with all responsible parts involved” in order to address the collapse at the Barcelona airport’s passport control over the past 15 days. Government’s spokesperson Neus Munté considers the Spanish authorities’ “passiveness” an intentional “act of sabotage” against the Barcelona airport. The Spanish government argued that the queues are due to unexpected passenger increase. The Catalan MEP of the Catalan European Democratic Party (PDeCat), Ramon Tremosa, asked the European Commission to make sure that the Spanish State applies the new EU border regulations against terrorism without harming or inconveniencing Barcelona airport passengers. The Catalan political groups in the Spanish Parliament, in turn, will demand explanations from the Spanish Prime Minister Mariano Rajoy and Spanish ministers in the chamber.

Catalonia may host the logistics hub for Chinese e-commerce giant Alibaba for Southern Europe. According to Catalan Minister for Business Knowledge, Jordi Biaget, “no decision has been made yet” but the negotiations are already in the final stages. Although Alibaba is also considering France for the installation of its logistics center, the Catalan Government is working closely with the company so that Catalonia could be the chosen destination. Indeed, last February Baiget met with Alibaba’s board during a commercial mission to China and Hong Kong organized by the Catalan Government. Baiget also explained that the Catalan executive is analyzing more than 300 possible business investments in Catalonia.

Atlantia announced its decision on Monday to launch a tender offer on the entire share capital of Catalan company Abertis. A deal between both companies would create the largest toll road operator in Europe and one of the leading ones in the world. Italy’s Atlantia offer would pay €16.50 a share and also includes another option in case shareholders decide to own stakes in the combined group: in that case, the exchange ratio would be set at 0.697 shares of Atlantia for each Abertis share tendered up to a maximum of 23.2% of the total offer. “We have worked to design an offer that is friendly and attractive for all shareholders, stakeholders, and the management of both companies,” said the Atlantia’s CEO, Giovanni Castellucci.

The Catalan telecommunications operator ‘Parlem’ closed fiscal year 2016 with 1.3 millions euros in profit, doubling its 2015 turnover of 641,000 euros, it said Thursday in a press release. Enrique Pérez-Mas, president and shareholder of Parlem, attributed the company’s economic growth to the consolidation of the high-speed-internet connection they offer and the launch of the linear television service, which has allowed Parlem to become a convergent operator. According to Pérez-Mas, the telecommunications operator expects to continue its growth during 2017, tripling 2016 turnovers, reaching 4 million euros. For this purpose, Parlem plans to reach more homes through agreements with other operators. Moreover, the company is planning on develoingp its TV platform by adding more features by the end of the summer.

Barcelona’s car show, which has brought the main novelties of the automotive sector to the Catalan capital for nearly a century, has reinvented itself. The new ‘Automobile Barcelona’ fair opened its doors this Thursday focused on innovation, said the fair’s president, Enric Lacalle. During the next ten days, more than 90 companies, 30 car brands, and 108 speakers are expected at the Fira de Barcelona, including Tesla and other companies related to the new technologies such as Google or Facebook. Volkswagen is a notable exception. Catalan President, Carles Pugidemont, welcomed the “partnership” between connectivity and the car industry but insisted that the main challenge is that everyone be able to enjoy this combination and not just a select few.

Catalonia’s president, Carles Puigdemont, encouraged the business sector on Wednesday to break “the status quo” in Spain in order to “survive”. In a speech in a business forum in Girona, he argued that the only alternative to independence “is decay”. Puigdemont stressed that when the Spanish government boycotts Catalan business missions abroad or does not invest in infrastructures such as the Mediterranean corridor “it is setting traps for itself and not for the independence process”, because it also “abandons the companies that are not in favor of independence”. Therefore, the Catalan president urged the economic sector to turn towards Europe and to have confidence in its “pragmatism”, suggesting the EU would welcome an independent Catalonia as a member. Carles Puigdemont closed the event titled "Entrepreneurs want to know”, organized by the business group "We believe in Catalonia". During his speech, Catalonia’s president presented numbers to back up the claims of the economic boost that an independent Catalonia would enjoy and he insisted that the country is attracting foreign investments.

The first plane connecting Shanghai and Barcelona landed at El Prat airport on Friday at 08:05am. The route, operated by Air China, is offered all year round, three days a week: Tuesdays, Fridays, and Sundays. The plane, an Airbus 330-200, has capacity for up to 239 tourist class ticket holders and 16 business class ticket holders. On its first trip, the plane had an 86% occupancy rate. The round trip from Barcelona to China departed from the Catalan capital at 12:30pm with an occupancy rate of 88%. All flights for the weekend are already fully booked. Òscar Olive, Airports of Catalonia's commercial director, praised Air China for “having been able to recognize” the “clear demand” for direct connections between Barcelona and Asia. The airline has offered a direct link between the Catalan capital and Beijing since 2014.

The Catalan economy is getting stronger, according to the latest growth figures published on Thursday by the Catalan Ministry of Economy and the Office of Statistics (IDESCAT). Catalan GDP grew 0.7% between January and March, a 0.2% increase in comparison with the two previous quarters. The labor market is also improving, with April figures showing the largest decrease in unemployment in that month in 21 years. With 425,751 people without jobs, Catalonia is reaching the pre-crisis levels of unemployment. The official data shows that unemployment fell by 4.54% between March and April 2017, and by 12% year-on-year.

The ports of Barcelona and Miami have signed a deal to increase the quantity of cruises and cargo traffic. The agreement looks to exchange information in order to improve the areas of mobility, security, maritime management, and environment. Thanks to this collaboration, Miami, the most important port when it comes to cruises, and Barcelona, Europe’s leading cruise port, will strengthen their ties. The agreement was signed during the trip of Catalonia's vice-president and minister of economy, Oriol Junqueras, to the United States, which began on Monday. According to the Catalan delegation, the Spanish consul in Miami tried to interfere with the agenda and the planned official events at the signing of the agreement. Cándido Creis wanted to force the text to include a reference to the “Spanish Kingdom”. However, this reference did not exist in any prior agreements between the two ports, and it was not included in this new one either.