business

Catalonia and Japan have renewed their business, cultural, touristic and research ties for the next three years, through the so-called ‘Japan Plan 2016-2019’. The Government presented the agreement, approved last 25^th of October, on Monday and explained that it aims at boosting business promotion, investment attraction, tourism cooperation, student mobility and cultural and gastronomic exchange. While the presentation of the Plan was taking place on Monday morning in Barcelona, a mission organised by the Port of Barcelona and Acció, the Catalan Public competitiveness and internationalisation agency, was in Panama trying to improve the trade relationship with the Central America region. The Catalan Minister for Business and Knowledge, Jordi Baiget, and the Catalan Minister for Planning and Sustainability, Josep Rull, accompanied fifty Catalan companies on their visit to Panama and Cuba, where they held 300 meetings with local businesses.  

“For the last few years, especially since Catalonia passed the new Statute of Autonomy in 2010, Spain has neglected its duties towards Catalonia”, stated on Thursday Catalan President, Carles Puigdemont. In front of an auditorium full of businessmen and with Spain’s King, Philip VI and Spanish Vice President and Minister for Territorial Administrations, Soraya Sáenz de Santamaría, also present, Puigdemont emphasised Catalonia’s leading role in terms of business and praised its economic strength. During the ‘Ferrer Salat’ awards, given by Catalonia’s largest employers’ associations in recognition of the most outstanding businesses, Puigdemont lamented the Spanish Government’s attitude and accused it of refusing to listen to the citizens’ demands, which is an “indispensable condition” for having “the productive dialogue we all hope for” and which is the legal basis of a democracy. 

Since this Monday Barcelona forms part of the global network of cities that boast an American Space, a place to promote cultural exchange with the United Sates. The Ignasi Iglésias-Can Fabra library inaugurated this morning a centre called American Space Barcelona that will offer free activities, programmes and workshops to citizens. The programme of activities of the centre aims at providing information on the US, teaching the English language and giving academic advice to study in the North American country.Barcelona’s Deputy Mayor for Business, Innovation and Culture, James Collboni, stated that the centre will allow “to overcome stereotypes, prejudices and preconceived ideas” about the United States, especially among young people. 

The Financial Times report FDi European Cities and Regions of the future 2016/2017, recognised Catalonia as the best Southern European region to invest in for 2016 and 2017. To make the most of this prognosis, the Catalan Minister for Business and Knowledge, Jordi Baiget, visited London this Monday, in the framework of the 'Brexit' plan, which aims to promote foreign investment in Catalonia and strengthen trade relations with the United Kingdom. At a meeting with thirty businessmen and international investors at the headquarters of the newspaper the Financial Times, Baiget explained that that there is "no anxiety" among investors regarding the political process going on in Catalonia, but rather only "interest". Furthermore, the Catalan Minister stressed that investors really value “Catalonia’s assets”, such as its “good communications and trained and qualified people”. 

The Barcelona-based energy company Gas Natural Fenosa, through its subsidiary Global Power Generation (GPG), has signed an agreement to acquire a majority stake of 85% in two solar plants in Brazil from Gransolar Group. The operation will involve an investment of €85 million to implement their first power generation project in the Brazilian market. The production of these two facilities will be about 154 GWh a year. With this agreement, and the construction of a 91 MW plant in Australia announced last August, the holding company GPG Gas Natural Fenosa has already exceeded the target of energy production set for 2018 in its strategic plan.

170 international companies will take part in the second edition of the Internet of Things Solutions World Congress (IoTSWC), twice the number of participants from the first edition. Moreover, 160 speakers will discuss as to what extent the Internet is "radically transforming" the industry. The event, held in the Fira de Barcelona facility on Gran Via, kicked off this Tuesday and will continue to offer the latest developments in this sector until next 27th of October. Although the principal focus is the application of the Internet of Things in the Industry, the Catalan Minister for Business and Knowledge Jordi Baiget pointed out during the inauguration ceremony the multiple uses of the IoT, that “it has to do with the industry, but also the daily life of individuals and society, and we have Catalan companies at the event presenting solutions regarding cybersecurity, measurement and data transmission, mobility control and applications in health and agriculture". 

‘Catalunya Emprèn’ is an action plan from the Catalan Government which brings together all the initiatives of the different government departments to guide entrepreneurs in regards to the financial assistance they can request. The Catalan Minister for Business and Knowledge, Jordi Baiget, stated on Monday that Catalonia invested last year €55 million in grants to entrepreneurs, resulting in the creation of more than 5,000 companies. Baiget announced that after the success of the initiative, the Government has decided to continue the programme into 2017, and added that all the representatives from the different government departments have ''reaffirmed '' their commitment to maintain this unified strategy in the field of entrepreneurship.

Barcelona’s Deputy Mayor for Business, Innovation and Culture, Jaume Collboni, visited London this Monday to explain the so-called ‘Brexit Plan’. This initiative aims to establish a unique window to support British investors and entrepreneurs that want to come to Barcelona to launch a business. The plan also seeks to convince companies currently based in the UK, which may be considering relocation after ‘Brexit’, that Barcelona is a “business-friendly city”, Collboni stated. The main goal is not to compete with London but to establish a relationship “based on collaboration and cooperation between these and other global capital cities such as Berlin or Amsterdam”, he added. The politician met with London’s Deputy Mayor for Business, Rjaesh Agrawal, and the economic promotion agency of the metropolitan area of ??London, London & Partners. “The meetings have gone very well", Collboni said and acknowledged that Barcelona "already has a very good international image". 

The new ‘Metropolis’ trains will be manufactured at the company factory in Santa Perpètua de Mogoda, in Barcelona. Alstom has signed a €200 million contract with Graña y Montero Ferrovías to supply 20 train sets (120 cars) for Line 1 of the Lima Metro, in Peru, and 19 additional new carriages to complete the existing train sets already in use on the line. The Catalan factory will design and manufacture the new carriages, which are inspired by the Barcelona Metro. With the new trains the Lima Metro will more than double its transportation capacity, from 20,000 passengers per hour to 48,000.

The annual rate of mortgage borrowing increased substantially in the last 12 months, thanks to increasing confidence in the economy. The average amount borrowed for a mortgage in Catalonia in June was €134,509, according to figures published by the National Institute of Statistics of Spain. This figure is higher than the average Spanish mortgage, which stands at €112,516. In total, the amount borrowed in Catalonia for mortgages in June was €559.7 million, a 72.7% increase in comparison to June 2015 and a 10.8% increase in comparison to May 2016. Up to 4,161 mortgages were sold in Catalonia in the first month of summer.

The Catalan multinational, through its international power generation business company Global Power Generation (GPG), has been awarded its first wind farm contract in Australia. The 91-megawatt park will be constructed in the state of New South Wales, 90 kilometres from the capital city Canberra. Gas Natural will invest €120 million euros in the wind farm, which will be named Crookwell II and will be situated in one of the more environmentally friendly areas of Australia. The contract will last for 20 years. The wind farm will be operational in the second half of 2018, according to Gas Natural.

The Catalan Government and Barcelona’s City Hall will join efforts to house those companies which want to leave the UK due to Brexit. “We will specifically address entrepreneurs, start-ups and ICT companies”, explained Catalan Ministry for Business and Knowledge Jordi Baiget.“We to want tell British entrepreneurs and multinational companies that Barcelona and Catalonia are a great destination”, added Barcelona’s deputy Mayor, Jaume Collboni. More than 2,000 Catalan companies regularly export to the UK and 22.4% of Spanish exports to the state are from Catalonia. Regarding imports, the Barcelona area received 2.2 billion euros from UK-based companies in 2015, 5.8% more than the previous year. In June the Catalan Government also offered to host the headquarters of the European Medicines Agency, which is currently in London.

The 21st edition of the Investment Forum, organised by the public business competitiveness and internationalisation agency ACCIÓ, gathered together 700 entrepreneurs and investors in order to find funding and boost new business projects. This Thursday, at the opening of the Forum, Catalan Minister for Business and Knowledge, Jordi Baiget, emphasised “the need to build a Catalan network of entrepreneurship” based on the “international synergies” that emerge from events such as the Mobile World Congress and the Smart City Fair. According to Baiget, Catalonia is an international pole for entrepreneurs recognised worldwide and it is necessary to keep on working in other to consolidate it. The Catalan Minister also praised Catalans’ entrepreneurial ability, as they captured 800 MEUR in ‘venture capital’ projects in 2015.

Carbon dioxide emissions by Catalan companies subject to EU regulation grew by 4% between 2013 and 2014, according to the report entitled “The Situation of the Worldwide Emissions of CO2”, and published by the Business and Climate Foundation, an organisation that works for an entrepreneur agreement on the fight against climate change. The figure is lower than the Spanish one, which increased by 7.2%. It is the first year that CO2 emissions have grown after many years of declining figures in Catalonia and one of the explanations given for the phenomenon by the author of the report, Arturo De las Heras, is the “reactivation of the economy after the closure of companies during recent years and the associated decrease in production”. Catalan companies emitted 13.5 million tons of CO2, which puts Catalonia in fourth place in the ranking among other Spanish regions, after Andalusia, Asturias and Galicia. 

The BIZBarcelona fair, geared towards ‘solutions for SMEs and entrepreneurship’ has begun, taking place at the Fira de Barcelona fairground facilities in Montjuïc. Since its opening on Wednesday, the number of accreditations has already increased by 30% compared to last year, according to director of the event Aleix Planas, showing a large number of young people in attendance. BIZBarcelona is ideal for entrepreneurs who want to speak to all the people necessary to start or grow their business, but in a matter of hours instead of weeks. However, according to the director, the crowd is “very heterogeneous”, as attendees range from all ages, including seniors. As regards the economic and unemployment situation of the country, Planas adds that the fair is a true picture of reality