market

Catalan Government to launch €50 million plan to fight unemployment among those over 45

April 7, 2015 09:10 PM | ACN

The Catalan Government announced on Tuesday a new programme to assist unemployed people aged 45 and over to return to the labour market and find a new job. The Executive has ordered Catalonia's Public Employment Service (SOC) to launch the programme, the details of which will be fine-tuned in the coming weeks. According to the Catalan Minister for Business and Employment, Felip Puig, the plan will have a budget of around €50 million and 30,000 people should benefit from it. Puig highlighted that the number of people registered as unemployed has decreased for 21 consecutive months in annual terms, but there is still a great effort needed to improve the overall high unemployment figures. Furthermore, young people and those over 45 have the greatest difficulty finding a new job.

Catalonia registers largest drop in unemployment drop in 19 years, with 9,469 fewer jobseekers

April 7, 2015 09:00 PM | ACN

At the end of March 2015, there were 571,655 people registered as unemployed in Catalonia. This is 9,469 fewer jobseekers in comparison with February 2015, representing a 1.63% drop. It is also the largest monthly decline in absolute terms since 1996. In annual terms, this was the biggest drop in the last two decades, as the number of jobseekers fell by 52,812 people (-8.46%). Moreover, registered unemployment in Catalonia declined for the 21st consecutive month in annual terms. In Spain as a whole, at the end of March 2015 the number of people registered as unemployed stood at 4.45 million, with 60,214 fewer jobseekers than in February (which represents a 1.33% drop, the largest decline in 13 years). In annual terms, registered unemployment fell by 343,927 (-7.17 %), a positive sign considering that during the last 6 years it had grown in the month of March by an average of more than 35,000 people.

Demand for offices in Barcelona 22@ technological and business district grew 136% in 2014

March 16, 2015 06:36 PM | ACN / Lydia Abellán

The 22@ technological and business district of Barcelona, which is located between Glòries and the Fòrum areas and around the streets of Diagonal and Pere IV, grew by 136% more in 2014 than in the previous year. The area has accumulated 88% of the pre-leased offices and has also attracted 34% of operations in the Catalan capital. This huge growth could come to a stop in a year because some experts warn that there will not be enough space available if there is no new construction. The increase in this area of the city is almost three times higher than the average in Barcelona, which grew to 53.76%. The Information and Communications Technology sector leads office acquisition, with 28% of total real estate investment used to set up offices in Barcelona being accounted for by this sector.

Homes owned by banks as result of eviction may be preferentially bought by Catalan Government until 2021

March 10, 2015 10:00 PM | ACN

In 72 municipalities with a high demand for housing, the Catalan Government and the affected town halls will be able to use a right of first refusal to buy flats and houses on sale that are now owned by financial entities as a result of home evictions carried out since April 2008. The measure will only be in place until 2021 in those 72 municipalities and the aim is to prevent investment funds from buying them solely for speculative purposes and not to rent them. The initiative comes after it was noticed that investment funds were buying a great number of empty flats from banks, who came to own them after the previous owners were unable to pay their mortgage during the years of economic crisis. The measure will be included in a decree that will enter into force immediately and is part of a wider plan to facilitate access to housing.

Housing prices increased 2.2% in Catalonia and 1.8% in Spain in 2014

March 9, 2015 09:38 PM | ACN

The average price of houses and flats in Catalonia was 2.2% higher at the end of 2014 than at the end of the previous year, according to the Spanish Statistics Institute (INE). At Spanish level, housing prices increased by 1.8% in 2014. It is the first time since 2007 that housing prices have increased both in Catalonia and Spain as a whole. In quarterly terms, the price of flats and houses in Catalonia increased by 0.6% between the end of September and end of December. At Spanish level, they increased by 0.2% in the same period. The recovery of the real estate market is a particularly strong indicator of the economic recovery in Catalonia and Spain, especially taking into account the collapse of the construction sector during the years of economic crisis.

Registered unemployment falls by 7.7% in February, highest drop in 17 years

March 3, 2015 08:53 PM | ACN

At the end of February 2015, there were 581,124 people registered with the Catalan Public Employment Service (SOC) as being unemployed, according to figures released on Tuesday by the Spanish Ministry of Employment and Social Security. This represents 1,645 fewer jobseekers than were registered at the end of January (582,769), a 0.28% drop. In addition, at the end of February 2015 there were 48,462 fewer registered jobseekers than a year ago, which marks the largest annual decline for registered unemployment in the last 17 years for a February month. This represents a 7.7% fall in the last 12 months. The data released on Tuesday shows an encouraging trend for Spain as a whole as well, since registered unemployment fell by 13,538 people in monthly terms, a 0.3% drop. In annual terms, the Spanish labour market posted a 6.24% drop, with 300,333 fewer registered jobseekers.

One challenging week as a vegetarian in Barcelona

March 2, 2015 06:00 PM | Harneet Bahal / Amélie Martinez

Is life really that difficult as a vegetarian in Barcelona? We challenged the predominantly meat and fish-based Catalan cuisine through a week of discovering restaurants, organic shops and vegan eateries in the city. Ham legs tied to the ceiling do not help the perception that vegetarians would have to survive on a diet of nuts and bread, but after our search we found that Barcelona is an incredibly vegetarian-friendly city. This short guide, organised following the days of the week, will help you to know your way around it.

An independent Catalonia would be the world’s 38th most competitive country

February 24, 2015 05:42 PM | ACN / Harneet Bahal

According to a recent study published by the Swiss research centre, IMD World Competitiveness Centre, Catalonia would be the 38th most competitive state in the world if it were independent. The list, headed by the United States, shows that an independent Catalonia would be 2 places above Spain, which currently occupies 40th position (including Catalonia). The report highlights the strengths of Catalonia such as business efficiency, as well as the weaknesses, which stem from certain inefficiencies of the public sector. Apart from focusing on quantitative indicators, the study also has a section that is based on qualitative surveys of a country’s companies. Catalan executives consider Singapore, Germany, Ireland and the UAE to be the most lucrative for business development and ranked Catalonia 24th on the list, which is 21 places above Spain.

House construction starts to grow in Catalonia for the first time in seven years

February 13, 2015 10:10 PM | ACN / Daan van Leeuwen

For the first time in seven years, the number of houses and flats being built in Catalonia has increased. The figures for 2014 show that between 4,300 and 4,500 new properties have appeared on the market after seven years of decline. According to Lluís Marsà, President of the Promoters Association of Barcelona, the housing market is recovering due to the improving economy. Marsà says there is still one big obstacle remaining to consolidate the recovery of the sector: “The lack of bank financing which keeps people from purchasing new housing.” While this is a positive development, the housing market has still a long way to go. According to Marsà, “it will probably take 3 or 4 years to fully recover.”

Barcelona’s office rental sector improves as Colonial releases 23 million new shares and purchases €10 million office

February 6, 2015 05:53 PM | ACN / Daan van Leeuwen

Barcelona’s office rental sector is improving after years of decline. Real estate company Inmobiliaria Colonial has set the tone by releasing 23 million new shares. Colonial is one of Europe’s leading companies in the office rental market and besides the new shares, they have also bought the main office of food multinational company Gallina Blanca. The property, positioned on L’Hopitalet del Llobregat’s Plaça Europa, one of Greater Barcelona’s business districts, has an area of almost 5,000 square metres and has been sold for €10.4 million. The shares and the purchase both belong to a new strategy to recover from the crisis and get the market back on track.

Catalonia registers lowest increase in unemployment for the month of January in last 8 years

February 3, 2015 05:47 PM | ACN

Registered unemployment in Catalonia grew by 6,821 people by the end of January, compared to figures from December. However, it is the lowest increase since 2007 for a month in which many seasonal contracts related to Christmas sales end. Furthermore, more good news comes in the form of the 8.06% drop in annual terms posted in January and the fact that registered unemployment has been decreasing for the last 19 consecutive months in annual terms. However, registered unemployment has also been increasing in monthly terms for the last 3 consecutive months (November, December and January). In the whole of Spain, registered unemployment increased by 77,980 people compared to a month ago, also the lowest increase for this time of year since 2007.

Unemployment in Catalonia ends 2014 with a 19.88% rate and 83,000 less jobseekers than in 2013

January 22, 2015 08:59 PM | ACN

Catalonia posted a 19.88% unemployment rate at the end of 2014, almost 4 percentage points lower than the rate for the whole of Spain, which was 23.70%. On 31 December 2014, there were 756,500 unemployed people in Catalonia, which represents 83,000 less jobseekers than a year ago, according to the Spanish Statistics Institute (INE). Despite the positive annual results, unemployment increased by 30,500 people in quarterly terms, compared to figures from the end of September 2014. Back then, Catalonia's unemployment rate was 19.10%. In terms of jobs, the Catalan economy ended 2014 with 49,300 more people in employment than at the end of 2013, reaching 3,048,100 workers. The Catalan Government is said to be "moderately optimistic" with the figures and highlighted that both 2014 and 2013 ended with less unemployed in annual terms, accumulating two consecutive years of decreased numbers.

Registered unemployment drops by 8% in Catalonia during 2014

January 7, 2015 09:12 PM | ACN

At the end of 2014, there were 575,948 people registered with the Catalan Public Employment Service (SOC) as being unemployed, according to figures released this week by the Spanish Ministry of Employment and Social Security. This represents 48,924 fewer jobseekers than were on the register at the end of 2013; a 7.83% drop achieved during the last 12 months. During 2014, registered unemployment dropped by 5.39% in the whole of Spain. There were 4,447,711 people registered as unemployed throughout the country, which represents 253,627 fewer jobseekers than a year ago, the largest reduction in unemployment since 1998. 

Catalonia's registered unemployment falls by 5,481 people in November, the biggest decline on record

December 2, 2014 11:11 PM | ACN

According to the Spanish Ministry of Employment and Social Security, the number of unemployed people registered in Catalonia stood at 581,652 in November, representing a decrease of 0.93% since October, with 5,481fewer people without jobs. In terms of the unemployment data, last November was the best one in Catalonia since the data series began in 1996, 18 years ago. In annual terms, unemployment is down again and marks 17 consecutive months of decreases, though with the November decline this makes it an -8.8% decline this year, the most extreme fall since June 2000 (which was -9.25%). Across the whole of Spain, November has also shown the best unemployment figures on historical record, with 14,688 less people unemployed. Within Catalonia, unemployment fell in Barcelona and Lleida, but increased in Girona and Tarragona. 

Catalan economy shows 0.5% growth in the third quarter, accumulating a year and a half of growth

November 6, 2014 09:12 PM | ACN

According to official data released by the Catalan Ministry of Economics and the Statistical Institute of Catalonia (Idescat), the Catalan economy grew by 0.5% between and July and September 2014, the latest in six consecutive quarters of positive economic growth. A signal that the recession is far left behind. The whole of Spain also grew by 0.5% in the same 3 months. In annual terms, Catalonia's GDP has grown by 1.8%, mainly thanks to the boost by the services sector,which has demonstrated an annual growth of 2.4%. The sector of industry grew by 1.5% and those of construction and agriculture decreased by -2.6% and -1% respectively. Idescat’s previous predictions for 2014 quarters has been reviewed: the 0.5% initially estimated for the first quarter increased to 0.7%, while the 0.6% for the second quarter dropped to 0.5%.