From http://www.catalannewsagency.com/news/business/unemployment-increases-first-quarter-year-and-reaches-1901-active-population-catalonia (in English)
According to data recently published by the Spanish Institute of Statistics, unemployment in Catalonia has still increased in the first quarter of 2011, reaching 19.01% of the active population. During this period, job destruction created new 40,900 unemployed workers, which increased up to 727,600 people the number of jobseekers. These figures are a little bit better than in overall Spain, where the percentage rose up to 21.29% and the total number of unemployed workers reached 4,910,000.
Showing posts with label Spain. Show all posts
Showing posts with label Spain. Show all posts
Saturday, April 30, 2011
Catalonia on new website Foods from Spain
From http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5519005_6366453_4478719,00.html (in English)
A new website, Foods from Spain, has been presented in Madrid's IFEMA, on the XXV edition of the Salón de Gourmets. Foods from Spain offers information in English to food professionals located abroad, such as importers, chefs, distributors, cooking schools and media. Catalonia has its specific page on the website, that can be visited by clicking on Foods from Spain - Catalonia.
A new website, Foods from Spain, has been presented in Madrid's IFEMA, on the XXV edition of the Salón de Gourmets. Foods from Spain offers information in English to food professionals located abroad, such as importers, chefs, distributors, cooking schools and media. Catalonia has its specific page on the website, that can be visited by clicking on Foods from Spain - Catalonia.
Thursday, April 14, 2011
Spain admits mistake on communication on China's debt acquisition
From http://www.ft.com/cms/s/0/63862548-668d-11e0-ac4d-00144feab49a.html (in English)
Spanish government mistakingly announced that it had secured the acquisition of up to €9 billion euros in debt by China Investment Corporation, but almost immediately it had to make an embarrassing correction. The news came after a China Investment Corporation official informed Reuters that the claims by the Spanish government were false. This is a serious blow to the Spanish regional savings banks, that are desperately seeking for new finantial resources to meet a €15 billion debt created by the loans during the recent property bubble period.
Spanish government mistakingly announced that it had secured the acquisition of up to €9 billion euros in debt by China Investment Corporation, but almost immediately it had to make an embarrassing correction. The news came after a China Investment Corporation official informed Reuters that the claims by the Spanish government were false. This is a serious blow to the Spanish regional savings banks, that are desperately seeking for new finantial resources to meet a €15 billion debt created by the loans during the recent property bubble period.
Tuesday, April 12, 2011
China backs Spain by acquiring more debt
From http://www.expansion.com/2011/04/12/economia/1302595011.html (in Spanish)
Chinese prime minister Wen Jiabao has announced today to Spanish president José Luis Rodríguez Zapatero that China will keep on acquiring more debt, as done in the recent months, and will also invest in Spanish saving banks. José Luis Rodríguez Zapatero has thanked Wen Jiabao for the Chinese support during the toughest moments in which international finantial markets showed little trust in Spanish economy. José Luis Rodríguez Zapatero’s words are explained by the fact that Spanish debt in Chinese hands has grown from 4% in 2009 to the present 12%. In turn, Wen Jiabao has declared Spain as China’s best friend in Europe, whereas Li Keqiang has congratulated Spanish government by the measures undertaken in order to improve the situation of the economy. He has also declared his impression that Spain is back to the path of sustained growth and shown interest in the import of Spanish agricultural products. José Luis Rodríguez Zapatero and minister Miguel Sebastián have invited Chinese officials to invest in Spanish ports and in the privatization process of airports, and to consider Spain as a prominent destination for Chinese tourists.
Chinese prime minister Wen Jiabao has announced today to Spanish president José Luis Rodríguez Zapatero that China will keep on acquiring more debt, as done in the recent months, and will also invest in Spanish saving banks. José Luis Rodríguez Zapatero has thanked Wen Jiabao for the Chinese support during the toughest moments in which international finantial markets showed little trust in Spanish economy. José Luis Rodríguez Zapatero’s words are explained by the fact that Spanish debt in Chinese hands has grown from 4% in 2009 to the present 12%. In turn, Wen Jiabao has declared Spain as China’s best friend in Europe, whereas Li Keqiang has congratulated Spanish government by the measures undertaken in order to improve the situation of the economy. He has also declared his impression that Spain is back to the path of sustained growth and shown interest in the import of Spanish agricultural products. José Luis Rodríguez Zapatero and minister Miguel Sebastián have invited Chinese officials to invest in Spanish ports and in the privatization process of airports, and to consider Spain as a prominent destination for Chinese tourists.
Tuesday, April 5, 2011
Economist Kenneth Rogoff sees a rich Catalonia
From http://www.capital.es/2011/04/04/kenneth-rogoff-%E2%80%9Csi-espana-quiebra-podria-caer-hasta-francia%E2%80%9D/ (in Spanish)
Kenneth Rogoff, who served as an economist at the International Monetary Fund and at the Board of Governors of the US Federal Reserve System, was interviewed by the Spanish magazine Capital, where he has declared that "Catalonia, isolated, would be one of the richest countries in the world". Rogoff visited Spain to promote the Spanish translation of his book "This time is different: Eight centuries of finantial folly" and he also declared that if Spain becomes broke, even France might fall.
Kenneth Rogoff, who served as an economist at the International Monetary Fund and at the Board of Governors of the US Federal Reserve System, was interviewed by the Spanish magazine Capital, where he has declared that "Catalonia, isolated, would be one of the richest countries in the world". Rogoff visited Spain to promote the Spanish translation of his book "This time is different: Eight centuries of finantial folly" and he also declared that if Spain becomes broke, even France might fall.
Unemployment still on the rise in Catalonia and the rest of Spain
From http://www.expansion.com/2011/04/04/catalunya/1301910595.html and http://www.expansion.com/2011/04/04/economia/1301900769.html (in Spanish)
Job destruction is still on the rise both in Catalonia and the rest of Spain. March figures have shown another increase in unemployment rate, which accounted for 1.44% in Catalonia and 0.80% in Spain. Total number of unemployed people in Catalonia has reached 611,269 people and 4.333.669 people in overall Spain.
Job destruction is still on the rise both in Catalonia and the rest of Spain. March figures have shown another increase in unemployment rate, which accounted for 1.44% in Catalonia and 0.80% in Spain. Total number of unemployed people in Catalonia has reached 611,269 people and 4.333.669 people in overall Spain.
Thursday, March 31, 2011
Foreign investment in Catalonia in 2010 accounted for 34% of that in overall Spain
From http://www.acc10.cat/ACC1O/cat/empresa-ACC1O/premsa/noticies-notes-premsa/2011/110329.jsp (in Catalan)
According to information from the Spanish Ministry of Industry, Tourism and Trade, direct foreign investment in Catalonia increased from 11% to 34% of that in overall Spain between 2009 and 2010. Total investment in 2010 reached 3.95 billion euros and it was mainly happening in the transportation and logistic sectors.
According to information from the Spanish Ministry of Industry, Tourism and Trade, direct foreign investment in Catalonia increased from 11% to 34% of that in overall Spain between 2009 and 2010. Total investment in 2010 reached 3.95 billion euros and it was mainly happening in the transportation and logistic sectors.
Thursday, March 24, 2011
China increases imports of Spanish olive oil
From http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5519005_6366453_4472828,00.html (in Spanish)
In 2010, exports of Spanish olive oil reached 60% of its total production and emerging markets like China, Russia and Brazil are becoming of increasing importance. China imports in 2007 ranked in the fifteenth position and in only 3 years have moved to the tenth position, totalling 34.6 million euros in sales.
In 2010, exports of Spanish olive oil reached 60% of its total production and emerging markets like China, Russia and Brazil are becoming of increasing importance. China imports in 2007 ranked in the fifteenth position and in only 3 years have moved to the tenth position, totalling 34.6 million euros in sales.
Tuesday, March 22, 2011
Barcelona port may steal chinese traffic to northern european ports
From http://www.expansion.com/2011/03/21/catalunya/1300747457.html (in Spanish)
A recent study has concluded that Spanish mediterranean ports, mainly Algeciras, Barcelona and Valencia, may steal up to 15% of traffic to northern european ports like Antwerp and Rotterdam in a timespan of 10 to 15 years. The authors Jacint Soler and Lijing Ye presented the study in the Barcelona offices of Casa Asia and stated that joint promotion efforts and new railroad lines are needed, but that factors such as the increase in the oil prices and the greater depth of Spanish ports as compared to Italian ones may be instrumental for this mid-term shift of tendency. The complete report can be downloaded from the website of Casa Asia at http://www.casaasia.cat/media/asset_publics/resources/000/005/182/original/201009estudiports.pdf.
A recent study has concluded that Spanish mediterranean ports, mainly Algeciras, Barcelona and Valencia, may steal up to 15% of traffic to northern european ports like Antwerp and Rotterdam in a timespan of 10 to 15 years. The authors Jacint Soler and Lijing Ye presented the study in the Barcelona offices of Casa Asia and stated that joint promotion efforts and new railroad lines are needed, but that factors such as the increase in the oil prices and the greater depth of Spanish ports as compared to Italian ones may be instrumental for this mid-term shift of tendency. The complete report can be downloaded from the website of Casa Asia at http://www.casaasia.cat/media/asset_publics/resources/000/005/182/original/201009estudiports.pdf.
Thursday, January 27, 2011
Impact of chinese population in Spain - article on FT
Finantial Times is publishing an interesting piece on the growing impact of chinese population in Spain, a phenomenon that is simultaneous to the emergence of China as a world superpower. The article can be read on the following link - http://www.ft.com/cms/s/0/cccbd64c-258d-11e0-8258-00144feab49a.html
Monday, January 24, 2011
Austerity measures in Catalan budget for 2011
From http://www.catalannewsagency.com/news/politics/catalan-government%E2%80%99s-budget-will-be-10-smaller-2011 (in English)
President Artur Mas recently announced the budget for 2011, which has been reduced by 10%. A vast array of austerity measures are needed in order to reduce deficit, which accounted for 7,000 million euros in 2010, 3.6% of Catalonia's annual GDP. Cuts by the Spanish government on funds previously agreed on are worsening the economic situation.
President Artur Mas recently announced the budget for 2011, which has been reduced by 10%. A vast array of austerity measures are needed in order to reduce deficit, which accounted for 7,000 million euros in 2010, 3.6% of Catalonia's annual GDP. Cuts by the Spanish government on funds previously agreed on are worsening the economic situation.
Comparing Spain with East Asian countries
The website www.ifitweremyhome.com allows interesting comparisons between all the countries in the world. Here there are the links of the comparison of Spain with several east asian countries:
- China: http://www.ifitweremyhome.com/compare/CN/ES
- Taiwan: http://www.ifitweremyhome.com/compare/TW/ES
- Hong-Kong: http://www.ifitweremyhome.com/compare/HK/ES
- Singapore: http://www.ifitweremyhome.com/compare/SG/ES
- Malaysia: http://www.ifitweremyhome.com/compare/MY/ES
- Japan: http://www.ifitweremyhome.com/compare/JP/ES
Sunday, January 9, 2011
List of Chinese-Spanish agreements
From http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5519005_6366453_4426995,00.html (in Spanish)
The above website address offers the detailed list of the sixteen agreements in the recent visit of Li Keqiang to Spain, twelve of economic collaboration and four between the governments.
The above website address offers the detailed list of the sixteen agreements in the recent visit of Li Keqiang to Spain, twelve of economic collaboration and four between the governments.
China promises to buy Spanish bonds
From http://www.ft.com/cms/s/0/e6007b9c-18f2-11e0-9c12-00144feab49a.html#axzz1AUBoBAO8 (in Spanish)
Li Keqiang, Chinese deputy premier, has recently visited Spain and promised to buy sovereign bonds to help the eurozone come out of its public debt crisis. During his visit, he met Spanish primer minister, José Luis Rodríguez Zatapero, and King Juan Carlos. Deals include agreements to sell Spanish olive oil, wine and ham, plus a contract to supply air traffic control systems to China, a banking cooperation agreement and an extension of the cooperation between Sinopec and Repsol. China is also seeking the lifting of the EU embargo on arms sales and a better access to European markets.
Li Keqiang, Chinese deputy premier, has recently visited Spain and promised to buy sovereign bonds to help the eurozone come out of its public debt crisis. During his visit, he met Spanish primer minister, José Luis Rodríguez Zatapero, and King Juan Carlos. Deals include agreements to sell Spanish olive oil, wine and ham, plus a contract to supply air traffic control systems to China, a banking cooperation agreement and an extension of the cooperation between Sinopec and Repsol. China is also seeking the lifting of the EU embargo on arms sales and a better access to European markets.
Tuesday, January 4, 2011
China buys Spanish debt
From http://www.earthtimes.org/articles/news/360505,help-eu-overcome-crisis.html (in English)
In the eve of his immediate visit to Spain, Chinese Vice Premier Li Keqiang confirmed that China will continue buying Spanish public debt as a sign of trust on the recovery of its economy. Chinese and Spanish governments expect to reach agreements on the banking and on the renewable energy sectors. At the same time, Spain is favouring that the European Union lifts the arms embargo applied to China after the Tiananmen massacre of 1989.
In the eve of his immediate visit to Spain, Chinese Vice Premier Li Keqiang confirmed that China will continue buying Spanish public debt as a sign of trust on the recovery of its economy. Chinese and Spanish governments expect to reach agreements on the banking and on the renewable energy sectors. At the same time, Spain is favouring that the European Union lifts the arms embargo applied to China after the Tiananmen massacre of 1989.
Monday, December 13, 2010
Spanish Minister Miguel Sebastián travels to China to tighten commercial relationships
From http://www.expansion.com/2010/12/12/economia/1292172196.html and http://www.expansion.com/2010/12/13/empresas/energia/1292240470.html (in Spanish)
Spanish Minister of Industry, Trade and Tourism, Miguel Sebastián, has traveled to China in order to tighten commercial relationships between this country and Spain. He is expected to meet representatives of important Chinese companies and government representatives in order to favour trade in the automobile and energy sectors, with a special aim at nuclear energy. This trip serves also as a preparation step for the future visit to Spain of the Executive Vice-Premier of China, Li Keqiang, due for early 2011.
Spanish Minister of Industry, Trade and Tourism, Miguel Sebastián, has traveled to China in order to tighten commercial relationships between this country and Spain. He is expected to meet representatives of important Chinese companies and government representatives in order to favour trade in the automobile and energy sectors, with a special aim at nuclear energy. This trip serves also as a preparation step for the future visit to Spain of the Executive Vice-Premier of China, Li Keqiang, due for early 2011.
Monday, November 15, 2010
Promotion of Spanish food industry in Fuzhou
From http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5519005_6366453_4413770,00.html (in Spanish)
Catalan food and beverage companies Cellers Tane, Estrella Damm, Namana Impex and Roqueta Origen, together with other 24 companies from other Spanish regions, have attended the promotion events for the Spanish food industry that took place in Fuzhou during November 8th-9th, 2010. These events have been organized by the Instituto Español de Comercio Exterior (ICEX), the Cantabria regional government and the government of the People’s Republic of China. More than 200 chinese food professionals attended the event and were able to try and have detailed information on Spanish products such as wine, cava (sparkling wine), water, olive oil, olives and anchovies, among others.
Catalan food and beverage companies Cellers Tane, Estrella Damm, Namana Impex and Roqueta Origen, together with other 24 companies from other Spanish regions, have attended the promotion events for the Spanish food industry that took place in Fuzhou during November 8th-9th, 2010. These events have been organized by the Instituto Español de Comercio Exterior (ICEX), the Cantabria regional government and the government of the People’s Republic of China. More than 200 chinese food professionals attended the event and were able to try and have detailed information on Spanish products such as wine, cava (sparkling wine), water, olive oil, olives and anchovies, among others.
Spanish touristic strategy disclosed in China
From http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5519005_6366453_4414602,00.html (in Spanish)
November 16th, 2010, is the date chosen for the Spanish Tourism Institute to engage on a meeting with Chinese touristic authorities and disclose its marketing strategy that so successfully has promoted tourism in Spain.
Spain is the third country in the world in terms of touristic activity. It receives annually 57.3 million visitors, closely followed by China, which is supposed to be the most visited country in the world in the next decade. Chinese authorities are interested in learning the details of the touristic promotion and business in Spain in order to adapt them to their own development intentions.
November 16th, 2010, is the date chosen for the Spanish Tourism Institute to engage on a meeting with Chinese touristic authorities and disclose its marketing strategy that so successfully has promoted tourism in Spain.
Spain is the third country in the world in terms of touristic activity. It receives annually 57.3 million visitors, closely followed by China, which is supposed to be the most visited country in the world in the next decade. Chinese authorities are interested in learning the details of the touristic promotion and business in Spain in order to adapt them to their own development intentions.
Saturday, October 30, 2010
II Workshop on trade with China: An attractive market on an era of crisis
From http://www.casaasia.es/GestorPeticiones?aplicacion=negocio&origen=listado_eventos&destino=evento_negocio&codigo=5725 (in Spanish)
The Business School of the Universitat d'Alacant, together with Roca Junyent lawyers, the Center for Oriental Studies and Casa Asia, is organizing on Nov 4-5, 2010, the II Workshop on trade with China: An attractive market in an era of crisis.
This event will take place on the Faculty of Arts of the Universitat d'Alacant and will be aimed at discussing the current opportunities that the trade with China is offering to the Spanish companies. Registration fee is 50 euros and there is limited availability according to the room capacity. For more information, you can download the brochure as a pdf file on http://www.casaasia.es/pdf/102010100726AM1287562046044.pdf.
The Business School of the Universitat d'Alacant, together with Roca Junyent lawyers, the Center for Oriental Studies and Casa Asia, is organizing on Nov 4-5, 2010, the II Workshop on trade with China: An attractive market in an era of crisis.
This event will take place on the Faculty of Arts of the Universitat d'Alacant and will be aimed at discussing the current opportunities that the trade with China is offering to the Spanish companies. Registration fee is 50 euros and there is limited availability according to the room capacity. For more information, you can download the brochure as a pdf file on http://www.casaasia.es/pdf/102010100726AM1287562046044.pdf.
II Workshop on trade with China: An attractive market on an era of crisis
From http://www.casaasia.es/GestorPeticiones?aplicacion=negocio&origen=listado_eventos&destino=evento_negocio&codigo=5725 (in Spanish)
The Business School of the Universitat d'Alacant, together with Roca Junyent lawyers, the Center for Oriental Studies and Casa Asia, is organizing on Nov 4-5, 2010, the II Workshop on trade with China: An attractive market in an era of crisis.
This event will take place on the Faculty of Arts of the Universitat d'Alacant and will be aimed at discussing the current opportunities that the trade with China is offering to the Spanish companies. Registration fee is 50 euros and there is limited availability according to the room capacity. For more information, you can download the brochure as a pdf file on http://www.casaasia.es/pdf/102010100726AM1287562046044.pdf.
The Business School of the Universitat d'Alacant, together with Roca Junyent lawyers, the Center for Oriental Studies and Casa Asia, is organizing on Nov 4-5, 2010, the II Workshop on trade with China: An attractive market in an era of crisis.
This event will take place on the Faculty of Arts of the Universitat d'Alacant and will be aimed at discussing the current opportunities that the trade with China is offering to the Spanish companies. Registration fee is 50 euros and there is limited availability according to the room capacity. For more information, you can download the brochure as a pdf file on http://www.casaasia.es/pdf/102010100726AM1287562046044.pdf.
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