Business

According to the Spanish Statistics Institute (INE), the Catalan GDP fell by 1% last year. However, according to the Catalan Statistics Institute (Idescat), it dropped by 1.3%. Regarding Spain’s economy, the INE declared that it fell by 1.4% while the Idescat indicates it plummeted by 1.9%. The reason for these differences is that data from both institutes are based on estimates and are still provisional. In any case, Catalonia is one of the Autonomous Communities with the mildest recession in Spain and continues to be that with the highest GDP, €198.63 billion. In addition, Catalonia is among those with the highest GDP per capita, set at €27,248 while the Spanish average was €22,772.

The IBM Group has opened a software development centre in Reus, a city in Southern Catalonia near the Costa Daurada and Tarragona. The new centre will initially employ 50 highly-qualified professionals, mostly graduates from the local Rovira Virgili University. However, the plan is to reach 100 workers in one year’s time and 250 in two years. The company envisages they might even end up employing up to 450 people in Reus, but they have refused to make any commitment on such an ambitious target. The centre will initially have a 700,000 euro investment and will occupy 600 square metres, but double this space will be used after its enlargement.

Booking.com is a Dutch hotel and accommodation booking company. Leader in its sector, it has decided to open in Barcelona one of its 5 customer support centres worldwide. In the context of the current economic crisis, the arrival of the company in the Catalan capital is positive because Booking.com has announced that the opening will create 250 jobs. Catalan Business Minister Felip Puig emphasised that the decision of the Dutch company proves that “Barcelona and Catalonia are attracting poles”.

The Board of Directors of the Catalan airline Vueling has rejected the offer of 7 euros per share made by IAG, the group which resulted from the merger of British Airways and Iberia. Vueling’s Board considered the price to be too low. IAG’s takeover was offering a 27.97% bonus in November, but Vueling’s shares have significantly increased their value since then and IAG has not improved its offer. The Catalan company is one of the few European airlines to turn a profit over these last few years. Now Vueling shareholders will have the last word on the decision as to whether they accept IAG’s offer.

Between the 11th and 13th of March, Barcelona will host the spring meeting of Bio-Europe, the continent’s largest partnering conference of the global biotechnology industry, for the second time. 1,300 biomedical companies will participate in the event, with more than 2,000 delegates and executives. 60 out of the 100 Spanish companies attending are from Catalonia. In the last decade, Catalonia, particularly the Greater Barcelona area, has become the most important centre in Southern Europe within the biomedical field and one of the main centres internationally. Barcelona’s Deputy Mayor for Economic Affairs, Sònia Recasens, praised the importance of the event as it boosts those “added-value sectors that are strategic for the city’s economic growth”.

The company, which is based in Greater Barcelona, is the world’s third leader in blood derivatives pharmaceutical products. Last year, it bought out its main competitor in the United States, Talecris. Grífols had a €2.62 billion turnover in 2012 and almost doubled its sales compared to the 2011 figures. The company’s net profit last year quadruples that of 2011. The good results are due to a significant reduction in debt levels and Grífols’ penetration into the United States market. Besides, this week it announced it bought for €37 million the 60% of Progenika Biopharma’s capital, a Basque biotechnology company specialised in the design of diagnostic tests.

Seat, which is owned by Volkswagen, will assemble the new car in its Greater Barcelona plant. The new León SC has a more coupé design, with three doors, and will be on sale by May. It comes after last year’s launch of the five-door Seat León at the Paris Car Fair. James Muir, the President of Seat, stated that the brand will “explore new territories” with the new model, which has “dynamic” bodywork. According to Muir, this “guarantees the pleasure of driving” without diminishing “functionality”. The Catalan car manufacturer has also confirmed that it will stop building its Seat Exeo saloon car model as of July. In 2012, Seat posted overall losses, due to a drop in the Spanish market, and now Germany is fast becoming its main market.

The Barcelona-based company Applus+, partially-owned by the Carlyle Group and specialized in automobile technical inspections, reports and certificates, has bought the Chinese company EDI. The transaction, whose cost is unknown, allows the company to increase its capacity in the Asian market. The acquisition of local companies is one of the usual tactics by the Catalan corporation to reach new markets worldwide. Applus+ is present in 65 countries already and most of its revenue comes from international markets. Besides, the operation reinforces Barcelona’s position as an international centre of the automation industry.

The world’s main event of the mobile technology industry, which takes place in Barcelona every year, ended on Thursday. This year’s event broke all records, going beyond all expectations. This was the 8th consecutive year the event has been organised in Barcelona, and this year the GSMA Mobile World Congress moved to a new venue in Fira de Barcelona, which has a much larger capacity. “We are very happy with the record results for the 2013 MWC in our first year in Fira de Barcelona’s Gran Via venue”, stated John Hoffman, CEO of GSMA, which organises the congress. Over the four days, senior executives of the world’s main companies of this industry gathered in the Catalan capital. It had an impact of more than €320 million for the local economy.

Catalan companies at the Mobile World Congress increased their presence in the international event by 40% in comparison with 2012. 56 companies were supported by the Catalan Government, which grouped 48 of them together under the Catalonia Stand. They also introduced to the technologic market new apps in different fields and closed deals with other international companies. Most of them are formed by small teams of young entrepreneurs who were looking for venture capital and were making contacts with international businesses to launch their latest technological projects.

Vueling earned a net profit of €28.3 million in 2012, almost three times more than the €10.3 million of 2011. It transported 14.8 million passengers, 20.1% more than in the previous year, with an occupancy rate of 77.7%. The Barcelona-based airline continues with its international expansion, especially in Western Europe, and it has become the third largest airline in Paris-Orly and Roma-Fiumicino. It also increased the passenger traffic share it controls in Barcelona El Prat Airport by up to 30%. The total revenue reached €1.103 billion last year, 27.7% more than in 2011. Vueling occupied part of the market share left by Spanair in Barcelona. Besides. the Spanish Stock Market Authority has authorised IAG’s take-over operation of Vueling, aiming to take total control of the Catalan company.

The GSMA Mobile World Congress, the main international trade fair and congress for cell-phone-related industries, is being held in the Catalan capital from Monday the 25th of February until Thursday the 28th. 70,000 attendees, half of which are senior executives from 200 different countries, are coming to Barcelona to develop new business opportunities and discover the sector’s novelties. With 94,000 square metres of exhibition space, 1,500 participating companies and 300 speakers, the 2013 MWC will break all previous records, and it will be the 8th consecutive year it has been organised in Barcelona. In addition, Barcelona will unveil its new Mobile World Hub by June, aiming to become the world capital of the mobile industries in its own right.

The Barcelona-based bank, CaixaBank, which leads the Spanish retail banking market, is planning to lay off 3,000 workers in order “to adapt to the current context” and “improve the efficiency” of its resources. According to the Catalan financial company, the reform is “necessary” after having taken over Banca Cívica’s network and as they absorbing Banc de València’s too. CaixaBank has engaged in formal talks with the unions, which could be on-going until late April. The objective is to negotiate the exact measures to adjust the staff numbers to the business volume.

The platform, which is aiming to become one of the world’s main hubs for companies working within the mobile and cell phone-related industry, will start its activities in the Catalan capital in June. The Mobile World Hub aims “to transform Barcelona and Catalonia into the best mobile framework” to enhance entrepreneurship, develop business projects, attract talent, create knowledge and become one of the main world centres of the mobile industry. In addition, it will also work to make of Barcelona an international lighthouse hosting the regulation and standardization bodies for the mobile industry. The Mobile World Hub will be located in the MediaTIC Building, a high-tech venue in the Catalan capital’s Poblenou neighbourhood. The announcement comes five days before the Mobile World Congress kicks off.

The highway, airport and telecommunication services management company earned a net profit of €1,024 million in 2012, 42% more than in the previous year, mainly thanks to the sales of Eutelsat and Brisa. The net profit without the surplus value reached €613 million, 2% more than in 2011. The Barcelona-based group presented better results in all of its main financials: revenues increased by 3%, recurrent earning before interest, taxes, depreciation and amortization (EBITDA) by 2%. Abertis emphasised that these results have been reached in a context of economic recession in some of its main markets. However, the traffic increase in the Americas (+4.5%) and Abertis’ efficiency plans compensated for the traffic decrease in southern Europe.