business

The President of the Catalan Government, Artur Mas, has travelled to Israel heading a delegation including businesspeople as well as the Mayor of Barcelona, Xavier Trias, and the Catalan Minister for the Economy, Andreu Mas-Colell, among others. On Tuesday Mas met Shimon Peres, President of Israel, and on Monday the Finance Minister, Yair Lapid, who is also the Chairman of Yesh Atid (the second-largest party in the Knesset) and ‘number 2’ in Benjamin Netanyahu’s Government. With Peres, Mas talked about a federal European Union and Catalonia’s process of building its own state. With Lapid, who is a clearly emerging figure in Israel’s political landscape, Mas talked strictly about economic matters. The Catalan delegation also signed several agreements regarding scientific research and visited the Holocaust Memorial as well as the Wailing Wall.

Car manufacturer SEAT, based in Martorell (Greater Barcelona), has set up 53,000 solar panels on the roof of its main factory and on top of parking spaces. The company has just completed the third stage of a €35 million project, which started in 2010, and occupies 10% of the 3 million square metres of its Martorell facilities. The solar panels occupy an extension equivalent to 40 soccer fields and can generate 15 million kWh of clean energy per year. This is equivalent to 25% of the energy needed to produce the Seat Leon or to the “annual consumption of 3,500 households”, said President Jürgen Stackmann. With this eco-friendly project Martorell is now the automation factory with the largest solar plant in the world. Furthermore, the panels were installed over existing facilities and do not occupy additional space.

The Catalan pharmaceutical company Grífols, based in Greater Barcelona, has bought part of the diagnostics unit of Swiss multinational Novartis for $1,675 million. Grífols has acquired products and ‘in vitro’ technology applied to diagnoses in the fields of blood transfusion and immunology, along with a production plant in California and offices in the US, Switzerland and Hong Kong. With the acquisition, the Grífols Diagnostic Division will represent $1 billion, 20% of the Catalan group’s total revenues. Grífols is the world’s third largest company in the production of blood-plasma derivatives. In the first half of 2013, Grífols registered a profit of €182.2 million, an increase of 36.9% on the same period of 2012.

Barcelona City Council and the Catalan Government’s programme ‘Invest in Catalonia’ are among the winners of the 2013 Financial Times’ Foreign Direct Investment (fDi) Innovation Awards, which “recognise the world’s most creative investment promotion agencies”. Barcelona City Council has received an award in the town-planning category thanks to its pioneering role in the development of smart cities: the Catalan capital has prioritised smart-city applications and projects, trying to become one of the world leaders in this category. In addition, ‘Invest in Catalonia’, a programme of the Catalan Government’s agency for business competitiveness ACCIÓ, received the award in the business matchmaking category.

Catalonia is participating in the ‘World Travel Market’ fair in London, with the objective of turning the country into a destination of reference for British tourists, and more precisely of becoming their main destination in Southern Europe and the Mediterranean. Catalonia’s stand focuses on sectors that are usually appealing to British visitors, for instance gastronomy, culture and golfing. Great-Britain has become the second largest tourist market for Catalonia after France. In the first 9 months of the year, 1.4 million tourists from the UK have visited Catalonia, generating €1 billion. The Catalan Government is expecting this trend to consolidate in the years to come.

The 19^th Edition of the Manga Fair opened its doors on Thursday on the grounds of Fira de Barcelona in Montjuic. The exhibition space has increased by 10% since the previous edition, with the number of exhibitors reaching 160. This year the ‘Saló del Manga’ will focus on sports Mangas, highlighting works like Captain Tsubasaand Slam Dunk. Another exhibition will be dedicated to Spanish Mangakas. Catalan Minister for Culture Ferran Mascarell said the Fair was an “expression of popular culture” and a place of “creativity”. Director of the Manga Fair Carles Capdevila added the event was a showcase for Japanese culture as a whole, beyond the realm of Manga.

According to the Catalan Institute of Statistics (Idescat), Catalonia’s economy grew by 0.1% between July and September. For the first time in 9 quarters, the Catalan economy is growing again, leaving behind the technical recession. However, in annual terms, Catalonia’s GDP has not recovered yet and at the end of September it posted a 0.6% decrease on data from September 2012. Besides, the Spanish Institute of Statistics (INE) confirmed that the Spanish Economy also grew by 0.1% in the third quarter of the year, a figure which had been advanced last week by the Bank of Spain. In annual terms, the Spanish economy dropped by 1.2% compared to data from September 2012.

35 companies united with public institutions formed a Boating Industry Cluster to make Barcelona an international leader in the sector. The cluster will help achieve higher levels of productivity and competitiveness. It builds on Barcelona’s deep tradition as a maritime city. In fact, Barcelona hosts the most important trade fair in the boating industry in Europe and it is the world’s 4^th largest port for cruise ships. Furthermore, more than 1,000 companies related to this sector are based in Catalonia, as well as prestigious university schools. This initiative follows Barcelona’s strategy to identify specific business sectors and create clusters to strengthen them, as it has previously done with sectors such as biomedicine, automation and mobile technologies.

International tourism keeps growing in Catalonia. The money that each international visitor spends in Catalonia increased by 4.9% in the first 9 months of 2013 and reached €905 per person on average. Furthermore, between January and September, foreigners visiting Catalonia spent 11.9% more than they did in the same period of 2012. According to data released by the Spanish Ministry of Industry, Energy and Tourism, Catalonia has been the main destination in Spain measured by total spending volume during the first 9 months of the year. It is followed by the Balearic Islands, which registered revenue of €9.59 billion (7.5% more than 2012 figures). Valencia (also called Valencian Country) was the fifth Autonomous Community, with €4.24 billion.

The Spanish Prime Minister, Mariano Rajoy, and the President of the Catalan Government, Artur Mas, shook hands at the entrance of the Economic Forum of the Western Mediterranean. Mas wanted to welcome all the event’s participants since the forum is held in a Catalan Government building and is co-organised by the European Institute of the Mediterranean (IEMed), which is mostly funded by the Catalan Executive. However, in protest against the Spanish Government’s veto to authorise him to deliver a short welcoming speech, Mas did not stay to listen to Rajoy’s opening speech. Later today, in the Catalan Parliament’s government control session, Mas stated that “there are no protocol problems, but protocol impositions that generate problems”.

The most important Fish and Seafood Fair in Europe and Maghreb is taking place in Barcelona for the second time, although Brussels continues to be the fair’s main base. This year’s edition will be attended by 146 companies with the exhibition space increasing by 24%. The Director of the company organising the event, Diversity Business, stated she was “very proud of their commitment to Barcelona and was hoping they would share a very long future together”. By choosing Barcelona, a hub on the Mediterranean, the organisers are confident they can find new business opportunities, especially with the emerging countries. Even though seafood consumption has decreased in Spain, the country remains a leader in the European and world market.

The Catalan Government approves a decree to transform the Catalan Institute of Finance (ICF) into a publicly-owned bank to support business and particularly SMEs. With this change, the Catalan Executive’saim is “to strengthen the ICF’s role as a tool to support business and the productive economy”, as the Government’s Spokesperson, Francesc Homs, told the press on Tuesday. The measure is part of the Parliamentary Stability Agreement signed between the Left-Wing Catalan Independence Party (ERC) and the governing Centre-Right Catalan Nationalism Coalition (CiU).

The tension between the Spanish and the Catalan Executives is increasing. The Spanish Government refused to allow the President of the Catalan Government, Artur Mas, to deliver a short welcoming speech to the participants of the First Economic Forum of the Western Mediterranean. This event will take place in Barcelona on Wednesday, within the headquarters of the Union for the Mediterranean Secretariat (UFM), a building owned by the Catalan Government. It will bring together 10 Ministers of Foreign Affairs and it will be part of the 5+5 Dialogue, which is formed by 5 EU Member States and 5 North African countries. The Spanish PM, Mariano Rajoy, will chair the meeting and he only allowed Mas to come as a part of his delegation, Mas will be permitted to join the meeting but not to speak. In similar meetings, presidents of other Spanish Autonomous Communities, including Catalonia, have been allowed to address participants.

The President of the Catalan Government, Artur Mas is the most senior public figure in Catalonia, just after the King of Spain and the Spanish Prime Minister. However, at Thursday’s scheduled dinner with the main Catalan business association ‘Foment’ and the Spanish Deputy Prime Minister, Soraya Sáenz de Santamaría, a last-minute change in the protocol put Mas in second place. The Catalan President considered that “conditions had changed” and as a protest he announced he was not going to the dinner. Instead, the Catalan Minister for Business and Employment was representing him. ‘Foment’ has been ambivalent regarding Catalonia’s self-determination process, although it supports the claim for finding a negotiated way out of the current political situation by organising a legal referendum.

The Italian investment group has announced it will build and manage 3,000 of the 6,000 hotel rooms of the ‘BCN World’ mega resort, the competitor to Madrid’s Eurovegas that is being developed by Veremonte in Salou (Costa Daurada). The $6 billion entertainment resort will be located next to the beach and the PortAventura theme park, which is owned by Investindustrial. After a year of talks, the Italian company has finally decided to join the mega resort project, which will have casinos, hotels, convention centres, luxury shops, restaurants, golf courses and a beach club. The CEO of ‘BCN World’, Xavier Adserà, confirmed that the resort will begin building in the first half of 2014, employing 17,000 people. The hotel group Melià, shopping-mall company Value Retail and casino group Melco Crown Entertainment will build the first phase.