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Catalan economy to grow even faster than expected

ACN

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”.

Is Barcelona airport prepared to become an international hub?

Blanca Ojeda / CNA

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.

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.