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Unemployment down by 22,090 people in one month, as June records the largest annual fall in 16 years

ACN

At the end of June 2014, the unemployment lists in Catalonia registered 570,214 people, 22,090 fewer than in May, and 47,074 fewer than in June of last year, according to the Spanish Ministry of Employment and Social Security. These figures represent a decrease of 3.73% in the number of unemployed between May and June, and even more significantly, a decrease of 7.63% between June 2013 and June 2014. This reduction of 47,074 persons in annual terms constitutes the greatest fall in unemployment registered in Catalonia since 1998, 16 years ago. Catalonia has experienced the largest decreases in the numbers of people unemployed of any autonomous community in Spain.

July 2, 2014 06:37 PM

Barcelona presents itself as a ‘pioneering’ city for electric vehicles at Brussels conference

ACN

At a conference in Brussels on Wednesday, Barcelona presented itself as a “pioneering” city to accommodate electric vehicles. Coinciding with the European Energy Week, the Catalan delegation to the European Union in collaboration with Renault-Nissan organized a conference on the promotion of electric mobility and smart cities, entitled 'The Liveable City’. "Everything is ready, what is missing is that people just have to make the step to use electric vehicles”, the Manager of Infrastructure and Electric Mobility of the City of Barcelona, Manuel Valdés, told CNA. According to the Communications Director of Nissan Iberia, Francesc Corberó, the city "is not only ready, but its whole mindset is totally focused on this challenge".

June 25, 2014 07:48 PM

Shops in Barcelona to open on Sunday during the summer to increase revenue from tourists

ACN

An agreement between the Centre-Right pro-Catalan State Coalition (CiU) – which runs Barcelona's municipal government in minority – and the People's Party (PP) will allow shops located in tourist areas of the Catalan capital to be open on Sundays during the summer season, from 10am to 6pm. Shops in Catalonia are normally closed on Sundays, with few exceptions for the Christmas or sales seasons. However, shops in small tourist towns are allowed greater flexibility during holidays and can open on Sundays. The case of Barcelona is quite unusual, since it is the largest tourist destination in Catalonia but it is also a big city with a dense network of small and neighbourhood shops. These small shops could be damaged if they have to open longer hours (with the increase of financial and personal costs associated) in order to compete with multinationals.

June 18, 2014 09:01 PM

Barcelona Airport recognised as Europe's best, as its T1 Terminal hosts 111 million passengers in 5 years

ACN

In the five years since it opened, the T1 Terminal of Barcelona El Prat Airport has received over 111 million people, overseen approximately 1.3 million take-off and landing operations and processed 70 million items of luggage. The new airport terminal became operational on 17 June 2009 and marked its fifth anniversary on Tuesday. The new terminal has processed twice as many passengers in this period than the older T2 terminal. In addition, Barcelona El Prat Airport was on Tuesday night announced as the best airport in Europe, at the ACI (Airport Council International) Europe Awards 2014 held in Frankfurt. It was the second time the airport has received this accolade.

June 18, 2014 08:59 PM

Catalan pharmaceutical Grífols unveils world´s largest plasma fractionation plant in North Carolina

ACN

A plasma fractionation plant installed in Clayton, North Carolina by the company Grífols was unveiled on Tuesday by the President of the Catalan Government, Artur Mas, along with the President and CEO of the pharmaceutical, Víctor Grífols, and the State Governor, Pat McCrory. The new plant is 14,400 square metres big, will create over 200 jobs and represents an investment of 260 million euros. Expected to be operational by 2015, it will the largest and one of the most advanced plasma fractionation plants in the world. Grífols already has 2,300 employees in the state of North Carolina and it is among the world's top pharmaceuticals within the blood-derivates market. A few weeks ago, Víctor Grífols gave his support to the Catalan President and the self-determination process, which he confirmed on Tuesday.

June 17, 2014 09:03 PM

Veremonte affirms it “has everything ready” to start construction of $6 billion BCN World mega-resort

ACN

The Catalan Government issued last Friday the public tender for granting licenses to build six mega-casino hotels in the Costa Daurada, next to PortAventura amusement park. These 6 Las Vegas-style recreational centres are the main part of BCN World, a $6 billion project that will create the largest holiday resort in Europe.  The main promoter of the project, Veremonte, announced on Friday they will be presenting an offer for each of the six hotel and casino licenses in partnership with international investors, such as Chinese casino giant Melco and US multinational Hard Rock. Veremonte also added they have “everything ready” to launch construction.  All candidates must submit a minimum initial investment of €300 million, as well as a business plan to prevent money laundering. The tender will have 2 eliminatory phases and bids have to be presented before 25July.

June 16, 2014 09:11 PM

Catalonia's annual inflation rate in May stood at 0.5%, down from 0.7% in April

ACN

The so-called Consumer Price Index (IPC) – which represents the inflation rate – in May stood at 0.5% in Catalonia in annual terms. In April, it stood at 0.7% according to figures published on Friday by the Spanish Institute of Statistics (INE). Across the whole of Spain, inflation increased by 0.2% in May, while in April a 0.4% inflation rate was recorded, the IPC data confirms.  Core inflation – which does not take into account the prices of energy and unprocessed food –  fell from 0.3% in April to 0.0% in May. The product groups that had a greater impact on May's IPC were food and non-alcoholic beverages (-0.8%), recreation and culture (-1.1%) and hotels, cafes and restaurants (+0.5%).

June 13, 2014 06:59 PM

Property sales in Catalonia increased by 13% in April 2014, compared with 5.3% Spanish average

ACN

The sale of homes in Catalonia rose 13.1% this April, compared with the same month last year, according to the Spanish Statistics Institute (INE).  April 2014 saw the sale of 3,724 properties in Catalonia, 3,334 of which were free (89.5%) and 390 protected (10.5%).  Of these transactions, 32% corresponded to newly-built flats and 68% were of existing homes.  Across Spain, sales have increased by 5.3% in annual terms, with a total of 24,968 transactions registered. Thus, Catalonia sits comfortably above the Spanish average, but was surpassed by eight other Autonomous Communities, including the Basque Country, Cantabria and the Balearic Islands, where purchases increased by 48.8%, 41 6% and 28.5%, respectively.

June 11, 2014 09:38 PM

Barcelona El Prat Airport is about to overtake Madrid Barajas in passenger figures

ACN

In May 2014 the Catalan airfield recorded 3,397,097 passengers, a 5.5% increase on May last year. Madrid's international airport exceeded this number with a total 3,544,649 passengers, 147,562 more than its Catalan rival, with a 4.1% growth. Madrid's airport has recovered from the 10% losses registered over the last 2 years, but it grows much slower than its Catalan competitor. One of the reasons for Barcelona's growth is the notable increase of intercontinental flyers. In the first 5 months of 2014, 13,517,143 people flew from Barcelona, a 7% increase from the same period in 2013. The equivalent figure from Madrid is 15,808,392, representing a 2.8% increase. Meanwhile, the number of passengers arriving at Girona- Costa Brava Airport, continues to decline, with a fall of 20% since 2013.

June 10, 2014 08:51 PM

Chinese company Hutchison invests an extra €150 million in Barcelona Port terminal extension

ACN

Hutchison Port Holdings (HPH) intends to make the terminal it runs in Barcelona's Port the most productive in the world, according to Clemence Cheng, Managing Director of HPH Europe. Cheng said that in its first two years the terminal has exceeded all expectations.  The Chinese company will therefore increase its ''commitment'' to Barcelona and will effect the second phase of investment at a cost of €150 million, in addition to the €315 million already invested two years ago. The President of the Catalan Government, Artur Mas, participated on Friday in a ceremony to mark the kick-off of the new phase of construction and took the opportunity to claim the right of self-determination is also in order for Barcelona's Port to have maximum autonomy and not depend on decisions taken far away in Madrid.

June 6, 2014 10:27 PM

SEAT's new SUV model to be produced in the Czech Republic instead of Greater Barcelona

ACN

The new SUV model of SEAT, which is part of the Volkwagen Group, will be produced in the Czech Republic rather than in the Martorell plant despite being entirely designed in the SEAT Technical Centre in Martorell (Greater Barcelona), according to sources from the German car manufacturer. The company justified the decision because of "lower production costs" at the Czech Skoda plant. The news that the manufacturing of the model will be moved away from Barcelona has come as a blow to the CCOO trade union, which has expressed its regret that the Catalan factory has lost the opportunity to have a secure workload for the coming years. CCOO has suggested that the Martorell plant requires a business plan to ensure the allocation of new models.

June 6, 2014 10:05 PM

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

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.