panama

Catalonia and Japan have renewed their business, cultural, touristic and research ties for the next three years, through the so-called ‘Japan Plan 2016-2019’. The Government presented the agreement, approved last 25^th of October, on Monday and explained that it aims at boosting business promotion, investment attraction, tourism cooperation, student mobility and cultural and gastronomic exchange. While the presentation of the Plan was taking place on Monday morning in Barcelona, a mission organised by the Port of Barcelona and Acció, the Catalan Public competitiveness and internationalisation agency, was in Panama trying to improve the trade relationship with the Central America region. The Catalan Minister for Business and Knowledge, Jordi Baiget, and the Catalan Minister for Planning and Sustainability, Josep Rull, accompanied fifty Catalan companies on their visit to Panama and Cuba, where they held 300 meetings with local businesses.  

A total of 2.7 million cruise travellers will have passed through the Port of Barcelona by the end of 2016, a figure that represents an increase of about 9-10% over 2015 and marks a new record. This was announced on Monday by the president of the Port of Barcelona, ??Sixte Cambra, who explained that until now the record stood at 2.6 million cruise passengers and was achieved in 2011. It is estimated that cruises this year will generate a turnover of almost €1,000 million, while the contribution to the Catalan GDP could reach €500 million. According to Cambra, these good results are primarily due “to the boost of activity as a home port, which grew 10% compared to last year”. 

The Spanish Minister of Industry, José Manuel Soria, presented this Friday his “irrevocable resignation” after his involvement in U.K. Lines, an offshore firm set up by the Panamanian law firm Mossack Fonseca. “All political activity should be exemplary, including when it comes to providing explanations”, Soria said in an e-mailed statement this Friday. “When that is not the case, you have to take responsibility accordingly”, he added. Soria referred to the “succession of mistakes committed during the last days” in relation to his confusing explanations regarding his business activities before 1995, when he started his political career. Soria also gave uphis seat in the Spanish Parliament and quit the presidency of the currently governing People’s Party (PP) in the Canary Islands, his home region.

The multinational energy company has confirmed it will continue operating in Panama for at least 15 more years through its subsidiary companies Edernet and Edechi, which control 65% of the country’s electricity market, supplying more than 500,000 clients. Gas Natural Fenosa owns 51% of both Edernet and Edechi, while the rest of the shares are controlled by Panama’s Government. The Catalan multinational entered Panama in 1998. According to Gas Natural Fenosa, it has invested more than €400 million to strengthen the electric power network of the Central American country and it foresees an additional investment of €230 million within the next 4 years.

The Alstom factory in Barcelona will build the 22 new tram cars that will serve the English city of Nottingham. This order completely guarantees the viability plan for 2012 and 2013, as the factory will be working at full capacity for the next 2 years. However, the French multinational has warned about the fact that no new orders have been placed in Spain since 2009. This has forced Alstom’s factory to focus on exports and has been building underground trains for Santo Domingo, Lima, Panama, London, Washington and Rabat.