investment

Barcelona-based CaixaBank, the private bank of ‘La Caixa’, will pay 16 million euros for the purchase of both businesses. Bankpime is a bank for small and medium-sized companies. CaixaBank will control a total volume of 1,200 million euros. CaixaBank will buy Bankpime’s credit investment portfolio -which is worth 363 million euros-, the fund management business –with some 400 million euros traded, the 19 branches of the bank, and client deposits worth some 436 million euros.

The Barcelona-based energy multinational and the Catalan Government have signed a cooperative agreement. The Catalan President Artur Mas emphasised that the Catalan multinational “is rising to what the country needs” in the current economic context.

American multinational Dow Chemical has chosen La Canonja (a town just 10 kilometers away from Tarragona) to locate a new pioneer water technology centre. The Global Water Technology Development Center has cost more than 10 million euros.

Tunisia will benefit from the greatest investment with 73 million euros for the Kairouan factory. Besides, Ciments Molins is aiming to penetrate into the Chinese market with “a small two million euro investment” in prefabricated products, as a start. 87% of the investments will be channeled abroad, specifically in Tunisia, México, Argentina, Uruguay, Bangladesh, and China.

The Swedish multinational plans to open new stores in Sabadell, Tarragona and Girona. The shops will create 1200 jobs

FDI in Catalonia surpassed the 3.9 billion euros mark in 2010. It represents 34% of FDI in Spain and was almost three times higher than 2009 levels. The Catalan Government is currently negotiating 189 projects that could bring in up to 6.5 billion euros to the Catalan economy.

The new employees hired will be people currently out of work. The Spanish car manufacturer, which is part of the Volkswagen group, has its factory in the Barcelona Metropolitan Area. SEAT will for the next five years invest 300 million euros annually.

The company will initially invest between 12 and 14 million euros in a logistics centre, with an expansion possibility in the near future. The Chinese multinational company specialising in the tire, rubber and shoe industries chose Barcelona as its base to enter the European and North African markets.

Scott Sage (UK Investor): "Barcelona has been our focal point in Spain". A group of companies from the Catalan capital attended a meeting with investors in the United Kingdom.

According to the new German Chamber of Commerce Managing Director in Spain, the Central European country could promise young Catalans not only training and competitive salaries but also job stability. He also explains which are the obstacles in his view that stop German investments in Spain and Catalonia.

The company will open a centre for industrial automation engineering in Reus. The centre is scheduled to open in 2011 and will employ around 30 qualified professionals.

The Spanish Government is investing 2,000 million euros less than what it should according to current binding legislation, stated the President of the Barcelona Chamber of Commerce. The investment in Catalonia stands at 16.8% of the investment for the whole of Spain. 18.6% is the minimum investment fixed in the Catalan Statute of Autonomy, which has also been approved by the Spanish Parliament and is thus a binding law.

Catalan President José Montilla visited the Chinese car manufacturer Chery to convince the board to set up its Western European factory in Catalonia. The factory would produce 300,000 cars per year and bring 10,000 new jobs to Catalonia. A task force has been set up, although a final agreement has not been reached.

Catalan Government will spend €661 million to improve the infrastructure and equipment of the main universities in the country

Catalonia?s advanced technology sector is working together to attract foreign investment. Its protagonist is the Alba Synchrotron, a space that will bring 1,000 investigators to Catalonia each year.