business

Three Catalan business schools were ranked in the fifty best in the world category, according to the the 18^th edition of the elaborate analysis by the Financial Times (FT) Executive Education 2016. The three schools that received the highest scores were the Iese Business School (in first place), the Esade Business School (in eighth place) and the Eada Business School Barcelona (in 44^th place). The final analysis was a composite of two separate rankings, a combination of Customised Programmes and Open-Enrolment Programmes. The Iese Business School was placed as number one in the Customised Programmes Ranking and number two in the Open-Enrolment Programmes Rankings, “coming closest of any school since the survey was launched in 1999 to topping both rankings”, according to the Financial Times. 

The Catalan Government collected €43.5 million in tourism tax revenue in 2015, an increase of nearly 5.5% from 2014. Quarterly analysis shows a growth in revenue from hotels, cruises, and tourist homes used by those visiting Catalonia. Additionally, the Catalan Government said that 2015’s numbers show widespread growth in touristic revenues across almost all areas of Catalonia, with Terres de l’Ebre leading with an 11.6% growth from 2014. Catalan Ministry for Business and Knowledge Jordi Baiget said the increase in revenue is “parallel to the increase in tourists” who visit Catalonia — especially those who visit during the last quarter of the year, which in 2015 proved to be the most successful. 

Half of the 14 Spanish projects selected by the European Commission from the State are from Catalonia. The 7 innovative SMEs, or small and medium enterprises, will receive a total of €9 million to launch their projects and receive business advice along the way. The Commission selected 50 SMEs across 14 different countries to invest €73 million in after phase 2 of the Horizon 2020 SME Instrument. In Spain, the 14 SMEs selected focus their projects primarily in the areas of information and communication, transport, energy efficiency, and food production. Since the start of the instrument in 2014, this has been Spain’s most successful year, with the 14 selected projects receiving €15.4 million — more than any other country in the programme. 

FC Barcelona host Atlético Madrid for the first leg of the Champions League quarter-final on Tuesday, with the Catalans aiming to bounce back from Saturday’s Clásico defeat which ended a 39-match unbeaten streak. Luis Enrique will be without Aleix Vidal, who suffered an injury to his right abductor during Monday’s training session, as well as Jérémy Mathieu and Adriano. Diego Simeone's side always provide a tough test: Atlético came out victorious when the two teams met at the same stage of the competition two years ago but, since the appointment of Luis Enrique, Barça have enjoyed a run of six straight wins against Los Rojiblancos. The two sides met at the same stage of the competition in 2013/14 where they shared a 1-1 draw at Camp Nou before Atlético earned a 1-0 win in Madrid to go through to the semis.

The region which attracted the fourth-most foreign investment in Europe in 2015 was Catalonia. According to the Financial Times’ FDi Markets report, the Catalan economy attracted €5.224 billion throughout 2015, the highest figure of the data series, which sets Catalonia as the leading region in the Western European area. The sector which attracted most foreign investment was ICT, which according to Catalan Ministry for Business and Knowledge, Jordi Baiget, proves the “traction effect” of the Mobile World Congress for the Catalan economy. Baiget explained this good result as being due to Catalonia’s geographic situation and the neighbouring markets, as well as to its qualified workforce and its solid, diversified and innovative business network. In March, the Financial Times report FDi European Cities and Regions of the future 2016/2017 recognised Barcelona as the best city in Europe for foreign investment.

The Barcelona airport at El Prat de Llobregat registered an increase in almost all aspects in the month of February. Thanks to the Mobile World Congress (MWC), international passengers registered an increase of 22% while the number of domestic passengers rose by 16.9%. These numbers contributed to the 20.4% overall growth in total passengers for the month, along with a 13.3% growth in the number of operations. Compared to the same period in 2015, the amount of cargo and merchandise transported also grew, registering an increase of 18.3% and 18.6% respectively. The Catalan airport also saw an increase in annual terms, with 17.4% more passengers and 9.4% more operations than before.

The Zurich Insurance group will establish its new global data centre in Barcelona, as was divulged by the company CEO Vincente Cancio last Thursday. The opening of the global data centre, which is a two-year project, will establish 200 jobs. These positions will add to the existing 250 which the Zurich Group has already created in Barcelona. The company has over 2,000 employees and more than 130 years of presence in Spain.

KT Corporation has chosen Barcelona to be the “importation gateway for its products and services” in Europe, stated the Catalan Ministry for Business and Knowledge, Jordi Baiget. The agreement with the Korean telecom giant was reached during the latest edition of the Mobile World Congress, which took place in Barcelona between the 22^nd and the 25^th of February, and established the setting up of a commercial office in Catalonia, as well as the creation of “jobs and investments” which are yet to be finalised. At the same time, the agreement foresees that KT will facilitate the distribution of Catalan products and technologies in the Korean market. 

The initiative will set up Catalonia as a point of reference in Europe regarding this kind of medicine. The agreement between the Catalan government and a consortium led by the Beijing government also includes actions in the fields of higher education, research, health and culture. For example, an official master’s degree in Chinese traditional medicine will be taught in collaboration with two Catalan universities, the Universitat de Barcelona (UB) and the Universitat Pompeu Fabra (UPF), and alongside with Beijing University of Chinese Medicine. The project has been promoted by the Catalan Ministry for Business and Knowledge, through the area which focuses on attracting foreign investment, ACCIÓ – Catalonia Trade & Investment, and the Secretary for Universities and Research.

The main Catalan trade association for small and medium-sized companies, Pimec, has repeatedly shown its support for Catalonia’s right to decide its political future. However, in an interview with CNA this Thursday, Pimec’s president Josep González called for the Government to keep the pro-independence process “within the law”. “Let’s do things, but let’s do them right and with common sense”, he stated. González also urged the new executive to approve a new budget as soon as possible and fight against unemployment. The association head went on to celebrate the election of the new Catalan Minister for Business and Knowledge, Jordi Baiget, and defined him as “prudent, open-minded and educated”.

The members of the new Catalan executive took office this Thursday, more than three months after the 27th of September Catalan Elections resulted in the victory of pro-independence forces. Catalan President, Carles Puigdemont, called them to be “aware” of the citizens’ assignment “without renouncing anything”. ERC’s leader Oriol Junqueras has been designed to assume the Vice presidency and led the Department of Economy and Tax Office, one of the key areas of the new executive. Another novelty is the creation of the department for Foreign Affairs, which will be led by former MEP and ‘Junts Pel Sí’s top member, Raül Romeva.

Catalan Minister for Business and Labour, Felip Puig has denied that companies are withdrawing from Catalonia or moving their tax base to other parts of Spain due to the Catalan political process. On the contrary, Puig pointed out, more companies are leaving Madrid to set up their tax base in other Autonomous Communities. He went on to claim that "an orchestrated campaign with distorted data" has been carried out to induce "fear" in companies, investors and the whole of the Catalan citizenry. Puig also emphasised that some of the companies which have changed their tax base have kept the business and the production within Catalonia and noted the 281% rise in foreign investment in Catalonia. 

Catalan Minister for Agriculture Jordi Ciuraneta claimed that Spanish diplomacy “obstructed”the commercial mission to China of twenty Catalan companies from the meat, fish and citrus fruit sectors. According to Ciuraneta, Spain’s embassy interfered to “cancel”two important meetings between Catalan businessmen, representatives from the Catalan government and several Chinese organisations responsible for authorising the Catalan companies’exports, scheduled for this Wednesday. Ciuraneta considered it “institutional aggression”that “damages”the Catalan companies who travelled to China and their commercial mission. Catalan liberal party CDC MEP Ramon Tremosa stated that Spain’s executive “contradicts the European policies regarding the opening of new markets”and asked the European Commission to investigate what he described as “Spain’s diplomacy boycott”.

“It is indispensable and urgent to change Catalan politics’direction”, stated this Friday the Cercle d’Economia’s president, Anton Costat. The main Catalan economic forum open to businesspeople and academics warned that the declaration of independence, approved in the Parliament by pro-independence forces ‘Junts Pel Sí’and CUP “breaks the law”and could cause “a strong social fracture”, and emphasised that “a wide majority of society”didn’t support the text. According to Costas “there have been negative effects on business decisions regarding investment and location of corporate headquarters in Catalonia” since “the first minute”the declaration was approved. Such consequences, added the Cercle d’Economia, would be even greater if ‘Junts Pel Sí’and CUP finally reach an agreement.

Catalan exports were worth more than 15,500 million euros in the third quarter, representing a record 5% increase over the same period last year. From January to September, the amount of sales abroad by Catalan companies was worth 47,567 million euros, 6.29% more than in the same period last year. The leading sector in terms of exports during the first nine months of the year was the chemical sector, which was worth 12,662 million euros and increased by 6.1% compared to the same period last year. Capital goods came second in the ranking, totalling 8,015 million euros. However, the sector which grew the most was the automobile industry, increasing by 16% in comparison to the first nine months of 2014. In Spain as a whole, exports grew by 4.4% from January to September and also set a historic figure.