business

Barcelona was declared the Mobile World Capital last summer, and the organising city of the Mobile World Congress until at least 2018. Being the Mobile World Capital means that Barcelona aims to become one of the main world centres for the mobile industry. Furthermore, several projects will be based in the Catalan capital, such as a Mobile World Hub. A foundation has been created to promote these projects and attract investments. It is funded with € 30 million each from Barcelona City Council, the Catalan Government and the Spanish Government, and it is open to the private sector.

The Bank of Spain has decided to allocate the Catalan Unnim Banc to the BBVA. With the operation, the BBVA will become Spain’s largest bank, ahead of Banco Santander when considering asset volume. The BBVA will pay €1 for Unnim and €300 million for 20% of the expected real estate losses. The remaining 80% and the public funds already allocated, which correspond to almost €2 billion, will be assumed by the Deposit Guarantee Fund, paid by all the banking sector combined with public funds. Unnim was intervened by the Bank of Spain in September, since it could not reach the required core capital and was too exposed to toxic assets. Unnim was the result of the merger of 3 Catalan savings banks from the 19th century: Caixa Sabadell, Caixa Terrassa, and Caixa Manlleu.

Virtual desks, automatic cash points, a new packaging line or consulting services on innovation are some of the Catalan products displayed at CeBIT. This is the Europe’s biggest trade fair on digital industry. It is being held in Hannover from March 6th to March 10th.

Catalan hotels registered in 2011 a new tourist record of 48.029.385 overnight stays. Foreign tourism increased by 10.6% in 2011. However the economic crisis led to a 2.5% fall in domestic tourism. Catalonia hosted 16.5 million of tourists last year, a 5% increase regarding 2010 figures.

The main trade fair on mobile phones and technology in the world brought together 11% more participants than the 2011 edition and more than 1,500 companies, including the main multinationals in the sector. Barcelona was declared the Mobile World Capital last summer and will organise this top international event until at least 2018. The 2012 congress had a direct economic impact of €300 million for the city and Catalonia’s economy. The CEO of the organising company, John Hoffman, said that the 2012 MWC “has been a success in all aspects”.

Vueling had a net profit of €10.4 million last year. This marks a clear improvement of 8.4% on its results from 2010 despite the 40% price increase in fuel. Vueling transported 11.6% more passengers in total, and 9% through its European routes last year. The Catalan company reached in 2011 its passenger record, with more than 12.3 million people transported.

The programme is aimed at developers and businesses that create mobile applications. The goal is to leverage FC Barcelona during the creation of a world-wide leading industry, as well as offering up new business opportunities for developers and ITC entrepreneurs. Any mobile application that transmits the values and the spirit of FC Barcelona are eligible for submission, and the developers, if accepted, will have access to the benefits outlined in the programme.

The Catalan transport and telecommunication company ended 2011 with a net profit of €720 million. The profit increase is due to a growth in returns from Abertis’ airport business and the increase in traffic on its motorways in France and the United States. However, the Barcelona-based multinational experienced a drop in its telecommunication revenues.

Inditex, the Spanish retail giant that owns Zara, Pull&Bear, and Oysho, among other brands, will base Massimo Dutti’s world headquarters in the Catalan coastal town of Tordera, located 60km north of Barcelona.

The total amount of sales of the Catalan wine fell by 2.14% last year, due to poor results in the domestic market. The record of 152 million cava bottles sold abroad does not compensate for the fall at home.

The Barcelona-based energy company’s net profit growth is due to a business increase in Latin America and the synergies created after the merger of Gas Natural with Unión Fenosa.

15,644 companies opened for business in Catalonia last year, which represents an 8.76% increase compared to 2010. However, in 2011, there was also a 3.17% increase in the number of companies that shut down.

The Catalan company opts for sustainable energy and internationalisation to get through the economic difficulties. With this move, Baxiroca hopes to become Europe’s major supplier. The plant has cost 4 million euros and will export 80% of its production.

The US technology company Tech Data will create 400 highly qualified jobs in the Catalan capital. Tech Data, which specialises in hardware distribution, will open the new facility in Barcelona’s Zona Franca, an industrial district next to the port. The new Barcelona operations centre will serve the rest of the company’s European plants.

Spanish multinational telecommunications company Telefónica will offer Internet access through optical fibre to every home in Barcelona before the summer. The company’s General Director in Catalonia, Kim Faura, has also explained that Telefónica has hired 1,300 people to carry out the operation.