industry

There were 87,900 fewer jobseekers at the end of 2015 in comparison to the end of 2014, which represents the biggest annual drop since 2003, according to the latest Active Population Survey (EPA). This represents the 10^th consecutive month in which the rate of unemployment has decreased in Catalonia in comparison to 2014. The unemployment rate in Catalonia at the end of 2015 was 17.7%, 2 points lower than it was on the 31^st of December 2014. In the whole of Spain, there were 678,000 less unemployed at the end of 2015, the biggest drop in absolute numbers. In percentage terms, the unemployment rate was 20.9%, still higher than Catalonia’s.

The Catalan bank Sabadell has completed the process of compulsory acquisition of all TSB Banking Group (TSB) shares, thereby taking ownership of 100% of this British entity’s share capital. The move completes the takeover started last spring, when TSB accepted the 1.7bn-pound offer made by Banc Sabadell. Through buying TSB, Banc Sabadell has expanded its international presence, with its percentage of foreign assets growing from 5% to 22%. TSB has 631 branches, 4.6 million customers and 8,600 employees in the United Kingdom.

Catalonia is experiencing a very positive tourism season. The number of foreign tourists visiting the country last month rose by 9.12% in comparison to July 2014 and totalled 2,340,299, the highest number since statistics from the Spanish Ministry of Industry, Energy and Tourism started. Gaudí, the magical beaches of the Costa Brava and the rural settings of the Pyrenees are attracting an increasing number of international tourists, whom are boosting business. Catalonia is, once again, the most visited Autonomous Community, attracting 26.6% of the total number of tourists visiting Spain.

The main Catalan airport broke another of its own records by serving 4,257,534 passengers last month, which is its best July ever and a 5.7% increase on July 2014 data, according to information released on Wednesday by the Spanish Airport Authority (AENA). Looking at the cumulative passenger figures, Barcelona El Prat has hosted 22,321,477 travellers in the first 7 months of the year, a 5% growth on the same period of 2014. In the last few years, the airport has increased its passenger figures significantly while increasing its number of short- and medium-haul routes, as well as its intercontinental destinations. Indeed, the number of intercontinental passengers in July has seen a 19.3% growth compared to the same month of 2014. The number of passengers on intra-European Union flights increased by 9.7% in the same period, and domestic flight passengers grew by 5.1%. The only negative figure was the decrease in the number of travellers on European but non-EU flights, which decreased by 3% due to the drop-off in Russian tourism.

The Catalan GDP increased by 0.9% between April and June this year, which is a positive figure but slightly lower than the 1.1% rate registered during the first quarter. However, in annual terms, the Catalan economy grew by 3% in the year to June, which is more than the 2.6% annual growth registered in March. Such a high level of annual growth had not been registered since September 2007, before the financial crisis started. According to the Catalan Finance Ministry, the minor fall off in growth registered between April and June compared to the growth rate from January to March is due to the "extraordinary" 1.1% growth rate of the first quarter. The Ministry stressed that 0.9% growth is still a very positive rate and does not break the trend of the economic recovery, on the contrary proving its strength.

The City Council of the Catalan capital has announced it will remit 80% of the fine on tourist apartments with no licence located in Barcelona's Ciutat Vella district if the owners put the property up for social housing rent for a minimum of 3 years. Once this period is over, the owner will be able to extend the social rent or pay the remaining 20% of the fine. The City Council explained that the initiative is "a pilot test" in order "to start changing the city's tourist model", as tourists are too concentrated in some areas. This has created some friction with locals, mostly due to some visitors' wild street parties and to the rise in rent prices, as many properties have been transformed into tourist rentals, quite often without a licence. In this vein, the City Council will ask digital platforms such as Airbnb for the identification data of all their rentals in Barcelona. These platforms will be fined for each illegal flat on offer or if they refuse to issue the requested list.

The Catalan Government was one of 14 regional executives to sign the 'Under 2 Memorandum of Understanding' in May 2015 as part of a pact to reduce CO₂ emissions by 80-95% by 2050 among the signing territories. This goal is an effort to mitigate the worst effects of climate change coming from greenhouse gas emissions. In recent years, the Catalan Government has been working toward improving energy efficiency and developing a greater supply of renewable energy through various initiatives and action plans. However, the biggest changes necessary for Catalonia to adopt the renewable, low-emissions energy model it desires cannot be implemented by the Catalan Government, but would have to come from the Spanish Government instead. Overall, the biggest challenge facing the adoption of renewable energy is being able to produce it at prices competitive with conventional sources of power.

There has been discussion among the Nuclear Safety Council (CSN) to approve construction of Spain's Temporary Centralised Storage Facility, more commonly referred to as the ATC (Almacén Temporal Centralizado), and a decision is expected in the coming days. The Spanish Government designated Villar de Cañas in Castilla-La Mancha's Cuenca Province as the location for the ATC at the end of 2011 to temporarily store 6,700 tU of radioactive waste accumulated in the country, including high-activity radioactive materials that could not previously be stored in any facility within Spain's borders. At present, nuclear reactors – including three active in Catalonia – must manage high-level waste on-site, either in light water pools or in dry storage casks until it can be shipped to a completed ATC. While Catalonia's nuclear power plants are licensed far into the 2020s, environmental concerns over the safety of radioactive waste hang over nuclear energy's future.

The number of foreign tourists visiting Catalonia continues to increase year after year. On Wednesday, the Spanish Ministry of Industry, Energy and Tourism released the figures for foreigners visiting Spain between January and June 2015. 7,439,211 international visitors came to Catalonia in that period, the highest number ever and a 4.4% increase on the figures from the previous year (when 7.1 million foreigners came). In addition, Catalonia also led the destination ranking within Spain, attracting 25.5% of all 29.2 million international tourists visiting the country during the first six months of the year (a 4.2% increase on 2014 figures). In the month of June, 1.71 million foreign visitors came to Catalonia, a 1.8% increase compared to last year and representing 25.6% of all international tourists travelling to Spain in that month.

The Catalan Government has presented a decree, pending approval "in the coming months," that will regulate up to eight types of tourist accommodations, including new types that until now were not contemplated by the law, like motorhome areas, casual Bed & Breakfasts and informal rentals. The decree is an effort to quell the rapid expansion of tourist accommodations in newer platforms – like the Internet service Airbnb – and bring already-existing establishments under control.  The Catalan Minister for Business and Employment, Felip Puig, said all establishments must be registered. For Bed&Breakfasts and Airbnb rentals (or similar platforms) its users must pay a tourist tax of 0.65€ in Barcelona and 0.45€ in the rest of Catalonia. In addition, the City Councils will determine which areas can be used for placement of accommodations.

Cacaolat – a popular chocolate milkshake produced in Catalonia since 1933 – continues to expand its international presence and has now arrived in Portugal as well. Invented in 1931 by Catalan entrepreneur Joan Viader Roger (already the owner of milk factory Letona), two years later it went on the market, becoming the first industrially manufactured cacao smoothie in the world, the company claims. Notwithstanding that its production was paralysed between 1936 and 1950, it went on to become a very popular product in Catalonia, also thanks to a smart communication strategy. Since 2012, it has belonged to the brewery Damm and soft drink producer Cobega, two of the leading beverage companies that founded the Grupo Cacaolat S.L, and the brand is now going through another sweet moment, after a few years of rough times.

Catalonia's GDP has increased by 1.1% during the first quarter of the year compared to the last quarter of 2014, while the Spanish economy grew by 0.9% and that of the European Union by 0.5%, according to definitive figures released by the Catalan Statistics Instituted (Idescat) on Friday. In annual terms, Catalonia's economy increased by 2.6% from March 2014 to March 2015, mostly due to the positive evolution of domestic demand and the strength of the export sector. The figures released this Friday improve upon the provisional data that had been announced in May for the first term of 2015, when it was stated that Catalonia’s economy had grown by 0.9% from January to March. With the 1.1% growth finally registered, Catalonia now accumulates 8 consecutive terms of quarterly growth.

EasyJet, the second-largest low-cost carrier in Europe, will open a new operational base at Barcelona-El Prat Airport in February 2016. In doing so, the British low-cost airline will permanently base aircraft and crew at the Catalan airport, upgrading their presence in Barcelona. In particular, the company's hub will create 120 new local jobs – mainly for pilots and cabin crew – and will entail the allocation of three A320 Airbuses at Barcelona-El Prat airport. With this operation, EasyJet aims to provide an enhanced service for business passengers "who will go to and return the same day from destinations such as London and Geneva". The company has been operating in Barcelona El Prat for 19 years, transporting a total of approximately 32 million passengers to and from the Catalan airport.

The price competitiveness index for Catalan industry in relation to other industrialised countries improved by 0.4 points in the last quarter of 2014 compared to the same period of 2013, according to figures released on Monday by the Statistical Institute of Catalonia (IDESCAT). This improvement is particularly noticeable when compared against newly industrialised Asian countries, over which Catalan industry held a 2.7 percent advantage in competitiveness. A recent decline in the Euro's value has aided in facilitating the attractiveness of Catalonia's industrial products in the market. The favourable exchange rate has helped offset the loss of competitiveness of industrial prices compared to other industrialised countries.

SEAT President, Jürgen Stackmann, has shown "great optimism" for the future competitiveness of the company's plant in Martorell (Greater Barcelona). In early May, the Volkswagen group, to which SEAT belongs, announced it will invest €4.2 billion in two of its factories, those in Catalonia and Navarra, over the next four years. The investment will be used to upgrade the existing facilities and increase competitiveness, in order to assemble a greater number of models. However, it was not disclosed how this billionaire investment will be split among the two factories. During a conference held on Wednesday in Barcelona, Stackmann did not say how much of this investment would go toward the Catalan plant. The SEAT president said the company is changing its focus toward a more mature, adult market across Europe in order to cement the future success of the carmaker.