business

The Spanish Airport Authority (AENA), which owns and manages Barcelona El Prat Airport, has issued the tender to allocate the construction and management of a golf course located between the sea beach and the airfield’s third runway for 30 years. The golf course will be 175,000 square meters and have 9 holes. It will be for the passengers’ use, mostly those who are transferring through El Prat Airport. It should be operational by summer 2014, profiting from some of the infrastructure of a previously existing golf course. The project will come with restaurants and shops, as well as rooms for relaxing or holding meetings. Furthermore, in the future a beach club might also be built. The aim is to raise Barcelona Airport’s attractiveness as an international hub connecting short- and medium-distance flights with intercontinental ones.

The exports of this sparkling wine very similar to Champagne reached 161 million bottles sold, representing an historical record. 41 million bottles went to non-European markets, such as China and Brazil. In Japan, the consumption of cava increased by 32%; in China, by 21%; and in the UK, by 12%. However, there is a continued loss in the Spanish market, with a drop in sales of 6.28% because of the crisis and the boycott of Catalan products. The 2012 bad domestic results followed a 8.7% drop in Spain in 2011. According to the Chairman of the Cava Regulatory Board, the global 2012 figures represent an excellent result considering the economic crisis and constitute results, he added, that unfortunately “many sectors would like to have.”

IAG, the airline formed after the merger of British Airways and Iberia, has improved its offer for the total takeover of Barcelona-based Vueling, one of the few airlines in Europe which has earned a profit in the last few years. Earlier this month, Vueling’s board rejected IAG’s offer, presented in November, as they considered it to be too low. Now, the shareholders have had the last word. IAG already controls 45.85% of Vueling. With the new offer, if IAG manages to control 50.01% of Vueling – despite it officially aiming to get 100% of the Catalan airline shares – the operation will go ahead.

The Institut Català de Finances (ICF), the Catalan Government’s financial institution which offers credit, announced that it gave €1.7 billion in loans to 8,500 companies over the last two years in an Action Plan. The plan’s main objective is to foster economic activity and prevent companies from going bankrupt due to liquidity issues. 98% of those who received loans were SMEs and independent workers. The ICF’s Action Plan had the objective of injecting liquidity into the real economy, into the Catalan business network, while the private banks are going through their restructuring process and access to credit is particularly difficult for many companies.

The fashion label Desigual based in Barcelona has obtained a €200 million line of credit from different banks. This financial support will be used to finance international expansion as well as plans for a new logistical centre in Vilamoura (Barcelona). Leading this investment is the Catalan bank CaixaBank, mostly owned by La Caixa. Under the slogan “Desigual – It’s not the same” the label wants to focus on continual improvements, innovation, engagement, tolerance, positivism and fun. Within this slogan now Desigual is trying to attain a more international status, enlarging its current team of 2,900 people from 72 different nationalities.

The IBM Group has opened a software development centre in Reus, a city in Southern Catalonia near the Costa Daurada and Tarragona. The new centre will initially employ 50 highly-qualified professionals, mostly graduates from the local Rovira Virgili University. However, the plan is to reach 100 workers in one year’s time and 250 in two years. The company envisages they might even end up employing up to 450 people in Reus, but they have refused to make any commitment on such an ambitious target. The centre will initially have a 700,000 euro investment and will occupy 600 square metres, but double this space will be used after its enlargement.

Booking.com is a Dutch hotel and accommodation booking company. Leader in its sector, it has decided to open in Barcelona one of its 5 customer support centres worldwide. In the context of the current economic crisis, the arrival of the company in the Catalan capital is positive because Booking.com has announced that the opening will create 250 jobs. Catalan Business Minister Felip Puig emphasised that the decision of the Dutch company proves that “Barcelona and Catalonia are attracting poles”.

The Board of Directors of the Catalan airline Vueling has rejected the offer of 7 euros per share made by IAG, the group which resulted from the merger of British Airways and Iberia. Vueling’s Board considered the price to be too low. IAG’s takeover was offering a 27.97% bonus in November, but Vueling’s shares have significantly increased their value since then and IAG has not improved its offer. The Catalan company is one of the few European airlines to turn a profit over these last few years. Now Vueling shareholders will have the last word on the decision as to whether they accept IAG’s offer.

Between the 11th and 13th of March, Barcelona will host the spring meeting of Bio-Europe, the continent’s largest partnering conference of the global biotechnology industry, for the second time. 1,300 biomedical companies will participate in the event, with more than 2,000 delegates and executives. 60 out of the 100 Spanish companies attending are from Catalonia. In the last decade, Catalonia, particularly the Greater Barcelona area, has become the most important centre in Southern Europe within the biomedical field and one of the main centres internationally. Barcelona’s Deputy Mayor for Economic Affairs, Sònia Recasens, praised the importance of the event as it boosts those “added-value sectors that are strategic for the city’s economic growth”.

The company, which is based in Greater Barcelona, is the world’s third leader in blood derivatives pharmaceutical products. Last year, it bought out its main competitor in the United States, Talecris. Grífols had a €2.62 billion turnover in 2012 and almost doubled its sales compared to the 2011 figures. The company’s net profit last year quadruples that of 2011. The good results are due to a significant reduction in debt levels and Grífols’ penetration into the United States market. Besides, this week it announced it bought for €37 million the 60% of Progenika Biopharma’s capital, a Basque biotechnology company specialised in the design of diagnostic tests.

Multinational companies, railway operators, port authorities and government representatives met in the European Parliament to demand a boost of goods transportation by rail in Europe. They are pushing for the use of longer and heavier trains, able to transport more goods at a lower cost, with the consequent increase in competitiveness. These trains would circulate along specific corridors, such as the Mediterranean Railway Corridor, which will link the Gibraltar area with Central and Northern Europe passing through Spain’s Mediterranean ports and main industrial centres. The lobby organising the event, FERRMED, complained about the absence of representatives from the Spanish Government’s train operators.

Seat, which is owned by Volkswagen, will assemble the new car in its Greater Barcelona plant. The new León SC has a more coupé design, with three doors, and will be on sale by May. It comes after last year’s launch of the five-door Seat León at the Paris Car Fair. James Muir, the President of Seat, stated that the brand will “explore new territories” with the new model, which has “dynamic” bodywork. According to Muir, this “guarantees the pleasure of driving” without diminishing “functionality”. The Catalan car manufacturer has also confirmed that it will stop building its Seat Exeo saloon car model as of July. In 2012, Seat posted overall losses, due to a drop in the Spanish market, and now Germany is fast becoming its main market.

The Barcelona-based company Applus+, partially-owned by the Carlyle Group and specialized in automobile technical inspections, reports and certificates, has bought the Chinese company EDI. The transaction, whose cost is unknown, allows the company to increase its capacity in the Asian market. The acquisition of local companies is one of the usual tactics by the Catalan corporation to reach new markets worldwide. Applus+ is present in 65 countries already and most of its revenue comes from international markets. Besides, the operation reinforces Barcelona’s position as an international centre of the automation industry.

The Spanish Government has presented its project to approve an External Action Law aiming to “centralise services” and to have the Autonomous Communities’ external action “coordinated and subordinated” to the principles and objectives of the Spanish Foreign Affairs Ministry. The Spanish Foreign Affairs Minister, José Manuel García-Margallo, has “invited” the Autonomous Communities to integrate their teams into those of the Spanish embassies. However, he also recognised that many Spanish embassies and consulates lack business services to assist companies and attract foreign investment. The Catalan Government’s offices abroad are mostly focused on these economic objectives.

The world’s main event of the mobile technology industry, which takes place in Barcelona every year, ended on Thursday. This year’s event broke all records, going beyond all expectations. This was the 8th consecutive year the event has been organised in Barcelona, and this year the GSMA Mobile World Congress moved to a new venue in Fira de Barcelona, which has a much larger capacity. “We are very happy with the record results for the 2013 MWC in our first year in Fira de Barcelona’s Gran Via venue”, stated John Hoffman, CEO of GSMA, which organises the congress. Over the four days, senior executives of the world’s main companies of this industry gathered in the Catalan capital. It had an impact of more than €320 million for the local economy.