Business

British skiers are able to access the Catalan Pyrenees as of December with direct flights to Lleida Airport. The Spanish Government has authorised the arrival and departure of non-Schengen flights, coming from the likes of the United Kingdom and Russia. However, the authorisation’s delay forced a Russian tour operator to cancel the flights for this season and postpone them until next year.

The Catalan capital is hosting the first edition of the ‘SmartCity Expo & World Congress’, which brings together more than 9,000 professionals to discuss interaction between new technologies, urban planning and citizen welfare. In addition, “the father” of electric cars in Asia, Professor Chan, stated that Barcelona has the “great potential” to become the electric car’s “open window to the world”. Last week, the Mayor of Barcelona, Xavier Trias, participated in the 10th Metropolis World Congress held in Brazil, where he met with Cisco Systems Vice President to build an innovation centre focused on smart cities in the Catalan capital.

The Catalan Government has signed an agreement with the main trade unions and business association to foster “negotiated flexibility” within the labour market. The aim is to provide companies with a greater flexibility framework while securing jobs. The President of the Catalan Government, Artur Mas, suggested the new Spanish Government follow Catalonia’s example of reaching an agreement with the social agents to improve the labour market.

The Barcelona-based airline’s operational benefit reached almost €61 million, which represents a 2% increase compared to the same period last year. Despite the oil price increases, the company maintains its benefits thanks to the high occupancy rate of its flights (more than 80%) and the activity at its international bases.

The Catalan Government and the Irish low-cost airline Ryanair have put an end to their dispute and have announced an agreement to operate from Girona-Costa Brava and Reus for the next five years starting in April 2012. Ryanair has guaranteed that in the first twelve months more than 3 million passengers will pass through Girona Airport and 500,000 through Reus Airport. However, it has one condition: the Spanish public airport operator AENA cannot increase taxes at neither Girona nor Reus airports. If that happens the agreement will become null and void. Ten days ago, Ryanair had completely abandoned Reus. Flights through Girona had been significantly reduced in the summer and they had cut the number of flights operating in the winter months.

The 50th edition of one of Europe’s most important nautical trade fairs came to an end having “exceeded” initial expectations “despite the complex economic situation”, said the show Director. The organisation has highlighted the preservation of trust in the exhibition, as the number of exhibitors only dropped by 5%. This year’s edition focused on boat innovation and engine efficiency to attract a public economically undermined by the crisis.

The Spanish Government decided that five members will be appointed by Catalan administrations and the business community, and four others will be nominated by the Spanish Airport Authority (AENA). However, decisions will be taken with a two third majority. It will decide on airport taxes, routes and other strategic aspects. 29.5 million passengers passed through Barcelona El Prat Airport in the first ten months of 2011, a figure already higher than that registered for all of 2010.

Catalan companies like Rieju, Gas Gas or Ossa are showing off their products and latest 2-wheel models at the Italian fair to emphasize Catalonia’s relevant position within the international motorbike development and production sector

The Catalan energy company reduced its debt to 54.4%, thanks to disinvestments. Gas Natural Fenosa ended the first nine months of the year with a net profit 0.3% lower than that in the same period in 2010. However, taking into account the effect of the disinvestments, the net profit increased by 11.6%.

The main Catalan bank allocated 1.953 billion euros for insolvencies and raised its core capital to 11.8%, 2.9 percentage points more than the ratio it had in December 2010. These operations made their net profit decrease by 16.6% compared to the previous year. Besides, CaixaBank announced that Mexican billionaire Carlos Slim will quit its board to rejoin that of the bank’s industrial holding ‘Criteria CaixaHolding’. Slim’s seat will be occupied by former Chairman of Citigroup and the New York Stock Exchange John S. Reed.

With this label, foreign house buyers can be 100% sure that the new bought property fulfils all the quality and town planning regulations. The Catalan Minister for Territory and Sustainability, in charge of Housing, Lluís Recoder, announced the creation of an official label recognising the “quality of real estate”, in order to offer more legal safety and guarantees to consumers. Recoder hopes this certificate will help the sector, as consumers will be in a safe framework, from a juridical point of view.

The Catalan Government considered the figures “worrying” but puts them to a “complicated” financial situation that has provoked an economic uncertainty. On Tuesday, the Government announced an action plan to reduce unemployment in the short term. In Spain, there are almost 5 million unemployed people, which represents an unemployment rate of 21.52%. Lleida has Spain’s lowest unemployment rate, set at 13.02%.

The Spanish stock exchange celebrated the European Summit’s results by increasing 4.96% in a one day of trading. The main managers of the Spanish banks are convinced they will get the requested core capital with their own resources. In addition, they believe they will need 13.5 billion euros, and not 26.1 once the detailed calculations are made. Spanish financial circles consider the new rules, adopted to counteract French and German banks’ exposition to Greek sovereign debt, do not particularly benefit Spanish banks, which almost do not hold any Greek debt. In addition, as was the case with the stress tests, the criteria to analyse the bank situation ignores Spain’s proposals and imposes those benefiting German banks.

The Catalan multinational company Abertis announced its results for the first three first quarters of 2011. Abertis’ net profit increased by 5.9% compared to the same period in 2010. The Barcelona-based company also announced that the segregation of Saba Infrastructures is complete.

The Spanish telecommunications multinational commits to offering a 100 Mbps broadband wireless Internet connection throughout Barcelona city in 2012, which will multiply the current capacity by 14. 4G broadband is already offered in specific spots, such as trade fair venues, conference centres or at Barcelona Airport. However, its potential use throughout the city was one of the conditions for hosting the Mobile World Congress, which chose Barcelona as its organising city until 2018.