business

Catalan companies exported goods and services worth €5.05 billion in April, which represents a 13.4% growth compared to the same month of 2012. In the first four months of 2013, Catalonia exported €19.17 billion, a 1% increase compared to the same period of the previous year. Looking at figures for the whole of Spain, exports reached €29.40 billion in April, an 18.6% increase compared to figures from April 2012. Regarding the volume of exports reached in the first four months of 2013, Spain exported 76.98 billion, a 7.5% increase compared to the same period last year. The chemical sector led Catalan exports, followed by capital goods and cars.

The €6.6 million project will last for 6 years and will start in Egypt, Morocco and Tunisia. It aims to strengthen the training of logistics sector workers in 10 countries in the Southern Mediterranean area. During the project’s presentation in Barcelona, the European Commissioner for Enlargement and Neighbouring Policy, Stefan Füle, asked for a greater financial commitment from the 43 countries that are members of the Union for the Mediterranean (UfM). He lamented that “it is not healthy” that the European Commission continues to be the main funding source for the UfM. Three years after unveiling its permanent Secretariat in the Catalan capital, the UfM is starting its first projects.

The new facilities are the second longest building in the Catalan capital, as it is 186 metres long. Desigual’s new headquarters are located on prime real estate, just in front of Barceloneta beach and next to the W Hotel. They will initially host 840 employees but at a later stage they will host up to 1,500 people. The building is split into 6 storeys and occupies 24,400 square metres. According to Desigual’s President, Thomas Meyer, the building is inspired by the retail company’s values such as “positivity, respect, compromise and constant improvement”. The President of the Catalan Government, Artur Mas, attended the unveiling event and praised Desigual for combining the “informality” of its clothing style with the “seriousness” of a company with shops in more than 100 countries.

The company working on creating mobile applications and payment systems will arrive in the Catalan capital in July. It will start by creating 75 direct jobs but its plans are to gradually increase staff figures. Transax will operate from Barcelona to Europe, the Middle East and Latin America. The Catalan Government’s Invest in Catalonia programme has facilitated the Canadian company’s arrival. Furthermore, the Catalan Business Minister emphasised that Catalonia was the European region that received the greatest direct foreign investment in 2012, according to a report by the Financial Times.

The Catalan company, which is the main bank operating in the Spanish market, will sell half of its shares in the Mexican GFI, the financial group owned by the billionaire Carlos Slim. Caixabank currently controls 20% of the GFI shares. The Catalan bank has confirmed it will sell 3.7% of GF Inbursa to Inmobiliaria Carso, which is also owned by the Slim family, for €387 million, corresponding to 250 million shares. With this operation, Caixabank will earn a capital gain of €33 million. Besides, the Catalan bank aims to sell another 6.4% of GIF shares to institutional and retail investors from Mexico and international markets. After completing both sales, Caixabank will control between 9% and 9.9% of GFI.

The investment is to be added to the €360 million plan to build a new logistic park for the Catalan multinational within the next 10 years. Construction work on the logistic park started in February in an area near Mango’s world headquarters, which are located in Greater Barcelona’s town of Palau-solità i Plegamans. The €27 million investment announced on Wednesday is for a new industrial building that will begin construction this summer next to the company’s main offices. It will host the all the staff in charge of Mango’s new lines for teenagers and mature women – respectively called ‘Rebels’ and ‘Violeta’ – as well as the company’s brand for men ‘H.E. by Mango’. The new facilities will add 17,000 square metres to Mango’s headquarters.

Mateu Hernández is the General Director of Barcelona Global, an independent private association that is trying to make Barcelona one of the best cities in the world to attract talent and business activity. Its activities are similar to associations like Partnership for New York, Berlín & Partners and London & Partners, for example. Barcelona Global is made up of the main research centres in the city, prestigious professionals from the Catalan capital or related to it, and more than thirty of the most powerful and innovative companies in Barcelona.

The Catalan Government announced last September the ‘BCN World’ project, a mega-resort that will be built on the Costa Daurada, near Tarragona and Salou. According to the forecasts, the construction will cost €4.7 billion and the opening is scheduled for 2016. The complex will consist of six casinos and theme parks, 12,000 hotel rooms, golf courts and a smart city, among other aspects. The initiative was presented just a few hours before it was confirmed that Sheldon Adelson’s ‘Eurovegas’ would go to Madrid, although the Catalan Government denied that ‘BCN World’ is the alternative project. While experts validate the economic viability of the project, they do question the suitability of this leisure model in Europe. Just weeks before construction begins, there are still a lot of questions without being answered.

In a situation of difficult access to credit by Catalan and Spanish companies, Barcelona’s Chamber of Commerce and the main Spanish bank – which is based in the Catalan capital – have agreed to open a new credit line for the 25,000 private companies (small, medium-sized and large) and independent workers affiliated to the Chamber’s ‘Club Cambra’. In January 2012 they created the first credit fund with €2 billion. Now, a total of €3 billion will be available, of which €1 billion will be for internationalisation projects. CaixaBank’s President, Isidre Fainé, and the President of the Chamber, Miquel Valls, signed the new agreement on Wednesday.

Car dealers are satisfied with this year’s Motor Show as several brands posted solid sales balances. However, some visitors were disappointed as major car manufacturers were absent, attendants were not very enthusiastic about the worldwide premiers and there was a lack of glamour. Driving simulators and luxury-car payment tours were the main alternative for those who wanted something other than the regular exhibition. The organisers are optimistic and aim to restore the splendour of past shows as the economic situation improves and Barcelona becomes a more important city for motor events.

In addition, in 2012, the Catalan capital was the world’s 5th best ranked city in the area of life quality and urban prosperity, after Tokyo, Stockholm, Paris and Oslo. Barcelona was also among the international centres regarding tourist figures, being the 4th European city which receives the highest number of foreign tourists. It is also the second best city in Europe for shopping and it is among the best in Europe for doing business, after gaining competitiveness by reducing life costs. Barcelona is the 13th world city in global competitiveness, the 12th in the number of foreign investment projects and the 10th in scientific production. Furthermore, it is the only European city with 2 business schools ranked among the continent’s top ten (IESE and ESADE).

Between this Friday and Sunday, 17 cruisers will pass through the Port of Barcelona, which is the largest number of boats arriving at the Catalan harbour in a single weekend this year. The boats are transporting 64,000 passengers who will be spending 61 euros per day per person if they are just passing by or 114 euros if they are starting or ending their trip in Barcelona. In addition, the ships’ crews will be spending an average of 30 euros per person. Barcelona will end 2013 with a total of 2.6 million cruise passengers having passed through its harbour, close to the overall record from 2011. Barcelona is the world’s fourth largest harbour for cruise ships.

The Mayor of Barcelona, Xavier Trias, emphasised that Cisco’s new centre will put the Catalan capital “in the forefront” of smart city projects. Cisco will invest €4.5 million in its new centre working on electric mobility, smart lighting and other urban projects. On top of this, the American company will also invest another amount, yet to be determined, to renovate the Ca l’Alier factory, which is owned by the City Council and has been transferred to the American company in exchange for the renovation. In addition, Trias – who is on an official trip to the United States – and the Mayor of San Francisco, Edwin M. Lee, agreed to increase the cooperation between the two cities, starting with setting up a regular direct flight connection.

The Saló de l’Automòbil exhibition is the main meeting point for the automobile industry in Spain and will take place at the Montjuïc trade fair from May 9th to the 19th. 22 car brands and 32 premieres are announced: two worldwide, four European and 26 at Spanish level. The showing coincides with the Spanish Formula 1 Grand Prix at the Circuit de Catalunya and the extreme sports event X Games of Barcelona, completing a motor week in the Catalan capital. Spanish Prime Minister Mariano Rajoy will kick off the Motor Show on Friday the 10th of May.

The international business of the Catalan energy company has been the main driving force behind the profit increase in the January-March period, compared to a year ago. Gas Natural Fenosa’s EBITDA which come from its international business increased by 8.1% while that coming from the Spanish market dropped by 2%. International business represented 44.1% of Gas Natural Fenosa’s total consolidated turnover during the first three months of this year. The consolidated EBITDA reached €1.33 billion, 2.2% higher than that reached in the first quarter of 2012. The company’s debt levels reached 50.9%.