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2012-04-02 11:37:35
The upward trend in Spanish fruit and vegetables exports to non-EU countries in 2011 recorded a growth of 23%, with sales totalling 814,896 tonnes, due mainly to increased exports to non-EU countries, as reported by the Spanish Federation of Associations of Producers and Exporters of Fruits, Vegetables, Flowers and Live Plants (FEPEX).
It is worth emphasizing sales to Russia, which increased by 47% in 2011 compared to the same period last year, and Norway, which rose by 6%, to 92,135 tons. As far as third party (non-EU) countries are concerned, Spanish exports also grew by 27%, reaching 276,481 tons, despite the bad figures recorded in major markets such as the USA, Japan or China.
Source: Spain Business
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It is worth emphasizing sales to Russia, which increased by 47% in 2011 compared to the same period last year, and Norway, which rose by 6%, to 92,135 tons. As far as third party (non-EU) countries are concerned, Spanish exports also grew by 27%, reaching 276,481 tons, despite the bad figures recorded in major markets such as the USA, Japan or China.
Source: Spain Business
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2012-04-02 11:36:17
The Galician textile company Inditex met forecasts at the close of 2011 with 12% more profit, reaching 1,932 million euros. Moreover, due to Asia, and especially China, its turnover increased by 10% to 13,793 million, according to a company statement.
In particular, Spain accounted for 25% of Inditex's turnover, compared to the 28% it contributed a year earlier, wherefore its weight in the Inditex business as a whole fell three points, while Asia made up 18 % of sales as opposed to 15% in 2010.
Likewise, Chinese fans of the Spanish firm have reasons to celebrate, as Zara will launch its online store in China during Winter 2012. Since September 2011, all commercial formats of Inditex have sold via the Internet. E-commerce extends to 18 European countries, the USA and Japan. In addition, the company founded by Amancio Ortega aims to open between 480 and 520 new stores in 2012.
As regards expansion, it is worth highlighting the 132 new stores opened in China in 2011, 30 of them were Zara, which has already exceeded 100 stores in this market. In 2011 two new formats were launched in China: Oysho and Zara Home, with 17 and 5 stores respectively, which helped raise the total number of stores in this country to 275.
There were also a significant number of new stores in the two other major Asian markets, Japan and Korea, with 15 and 13 respectively, including the first Bershka for both and the first Pull & Bear and Stradivarius in South Korea. Three new openings of Zara in India (Mumbai, Pune and Bangalore) and the aforementioned arrival in Taiwan (with two new stores in Taipei), complete the highlights of the year in Asia.
Moreover, the company’s EBITDA improved by 10%, to 3,258 million euros. Last year’s profits were also reflected in a rise in staff; the company chaired by Paul Island generated a total of 9,374 new jobs in 2011, bringing its total workforce to 109,512 at the end of 2011.
In addition, this profit will be shared. The company has announced that it wants to reward its shareholders with a dividend increase of 12.5% compared to 2010, up to 1.8 euros. Of this amount 0.90 euros per share will be paid on 2 May 2012 by way of interim dividend, while 0.90 euros per share shall be paid on 2 November 2012 by way of both supplementary dividend and extraordinary dividend.
Source: Globalasia.com
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Barcelona Air Route Development Committee promotes Barcelona Airport intercontinental flights.
In particular, Spain accounted for 25% of Inditex's turnover, compared to the 28% it contributed a year earlier, wherefore its weight in the Inditex business as a whole fell three points, while Asia made up 18 % of sales as opposed to 15% in 2010.
Likewise, Chinese fans of the Spanish firm have reasons to celebrate, as Zara will launch its online store in China during Winter 2012. Since September 2011, all commercial formats of Inditex have sold via the Internet. E-commerce extends to 18 European countries, the USA and Japan. In addition, the company founded by Amancio Ortega aims to open between 480 and 520 new stores in 2012.
As regards expansion, it is worth highlighting the 132 new stores opened in China in 2011, 30 of them were Zara, which has already exceeded 100 stores in this market. In 2011 two new formats were launched in China: Oysho and Zara Home, with 17 and 5 stores respectively, which helped raise the total number of stores in this country to 275.
There were also a significant number of new stores in the two other major Asian markets, Japan and Korea, with 15 and 13 respectively, including the first Bershka for both and the first Pull & Bear and Stradivarius in South Korea. Three new openings of Zara in India (Mumbai, Pune and Bangalore) and the aforementioned arrival in Taiwan (with two new stores in Taipei), complete the highlights of the year in Asia.
Moreover, the company’s EBITDA improved by 10%, to 3,258 million euros. Last year’s profits were also reflected in a rise in staff; the company chaired by Paul Island generated a total of 9,374 new jobs in 2011, bringing its total workforce to 109,512 at the end of 2011.
In addition, this profit will be shared. The company has announced that it wants to reward its shareholders with a dividend increase of 12.5% compared to 2010, up to 1.8 euros. Of this amount 0.90 euros per share will be paid on 2 May 2012 by way of interim dividend, while 0.90 euros per share shall be paid on 2 November 2012 by way of both supplementary dividend and extraordinary dividend.
Source: Globalasia.com
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2012-04-02 11:34:08
“Spain wishes to strengthen relations with China which go beyond the specific difficulties of the moment”. This was the statement made by the Spanish Minister of Economy and Competitiveness, Luis De Guindos, on the occasion of his trip to Beijing the aim of which is to call for greater confidence in Spain from Chinese investment institutions due to the measures carried out by the Spanish Government to reduce the fiscal imbalance.
Luis De Guindos stressed that the Asian giant’s economy possesses a notable importance for any country; therefore it is important for Spain to establish stronger links with this nation, the second largest economy in the world. The Spanish Minister made this statement in Beijing yesterday after meeting with the managers of the China Investment Bank, the National Pension Fund and the State Administration of Foreign Exchange. Likewise, De Guindos took the opportunity to meet with Spanish businessmen in this Asian territory.
Meanwhile, the Spanish Minister of Economy and Competitiveness pointed out that “Spain is interested in adding value to relations with the Asian country in both senses, in the medium and long term, as China is playing a major role in rebalancing the world economy, by reducing its external surplus and promoting internal demand, which is positive for our exports”, as quoted by the website Cinco Días. De Guindos also pointed out that the relations between Spain and China “are two-way trade and investment relations”.
Today is marked by De Guindos’ trip to Singapore to meet with the Chinese Minister of Trade, Chen Deming, who recently announced that China may become the second largest importer in the world.
China occupies the top ranking as an importer from Spain outside the Eurozone, with a market share of 7.1%. Undoubtedly, the Asian giant plays an important role for the rest of the economies in the world, above all after the prime minister of China, Wen Jiabao, set the goal for growth of the Gross Domestic Product (GDP) at 7.5% for 2012, as a result of the Chinese government’s proactive attitude regarding controling the macro-economy, and which can by no means be considered low, emphasized Wen. There have also been other forecasts for the China economy, like the one recently announced by S&P which established a recession in its economy of 8.3% for this year, a figure which despite being lower than the 9.2% recorded in 2011, will still allow China to stand out among the main economies in the world, predicted the institution.
Source: Globalasia. com
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Barcelona Air Route Development Committee promotes Barcelona Airport intercontinental flights.
Luis De Guindos stressed that the Asian giant’s economy possesses a notable importance for any country; therefore it is important for Spain to establish stronger links with this nation, the second largest economy in the world. The Spanish Minister made this statement in Beijing yesterday after meeting with the managers of the China Investment Bank, the National Pension Fund and the State Administration of Foreign Exchange. Likewise, De Guindos took the opportunity to meet with Spanish businessmen in this Asian territory.
Meanwhile, the Spanish Minister of Economy and Competitiveness pointed out that “Spain is interested in adding value to relations with the Asian country in both senses, in the medium and long term, as China is playing a major role in rebalancing the world economy, by reducing its external surplus and promoting internal demand, which is positive for our exports”, as quoted by the website Cinco Días. De Guindos also pointed out that the relations between Spain and China “are two-way trade and investment relations”.
Today is marked by De Guindos’ trip to Singapore to meet with the Chinese Minister of Trade, Chen Deming, who recently announced that China may become the second largest importer in the world.
China occupies the top ranking as an importer from Spain outside the Eurozone, with a market share of 7.1%. Undoubtedly, the Asian giant plays an important role for the rest of the economies in the world, above all after the prime minister of China, Wen Jiabao, set the goal for growth of the Gross Domestic Product (GDP) at 7.5% for 2012, as a result of the Chinese government’s proactive attitude regarding controling the macro-economy, and which can by no means be considered low, emphasized Wen. There have also been other forecasts for the China economy, like the one recently announced by S&P which established a recession in its economy of 8.3% for this year, a figure which despite being lower than the 9.2% recorded in 2011, will still allow China to stand out among the main economies in the world, predicted the institution.
Source: Globalasia. com
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2012-04-02 11:31:43
Of the Top Ten ranking countries in the world in wind power technology exports, Spain ranks fifth after Germany, China, Denmark and the United States, and is ahead of Japan, France and the United Kingdom.
According to the United Nations Organization, in 2010 Spain exported wind towers, blades and turbines worth € 1.8 billion. Between 2000 and 2010 Spanish wind power industry exports increased eightfold, from € 313 million to € 2.36 billion.
The Spanish wind energy association AEE also notes that Spanish wind exports exceed those of other distinguished Spanish sectors like footwear, wine and olive oil.
Source: Spain Business
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According to the United Nations Organization, in 2010 Spain exported wind towers, blades and turbines worth € 1.8 billion. Between 2000 and 2010 Spanish wind power industry exports increased eightfold, from € 313 million to € 2.36 billion.
The Spanish wind energy association AEE also notes that Spanish wind exports exceed those of other distinguished Spanish sectors like footwear, wine and olive oil.
Source: Spain Business
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2012-04-02 11:31:23
According to the Spanish Wine Market Observatory, Spanish wine exports were up 30.2% in volume compared to the same month the previous year, with 188.9 million liters valued at € 172.1 million (a year-on-year increase of 29.4%).
Exports of bulk wines without a protected denomination of origin (DOP) continue to rise (38.6% in volume to 112.4 million liters; and 75.4% in value to €44.4 million).
Wines exports from February 2011 to January 2012 were up 25.6% to 2.27 million liters; and were valued at nearly € 2.28 billion, 17.2% higher and averaging € 1 per liter.
Sales of both Spanish bulk and bottled wines without DOP to Italy increased notably (+79.3% in volume and + 108.8% in value). The year also began very well with respect to wine shipments to Japan, China and the United States.
Source: Spain Business
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Exports of bulk wines without a protected denomination of origin (DOP) continue to rise (38.6% in volume to 112.4 million liters; and 75.4% in value to €44.4 million).
Wines exports from February 2011 to January 2012 were up 25.6% to 2.27 million liters; and were valued at nearly € 2.28 billion, 17.2% higher and averaging € 1 per liter.
Sales of both Spanish bulk and bottled wines without DOP to Italy increased notably (+79.3% in volume and + 108.8% in value). The year also began very well with respect to wine shipments to Japan, China and the United States.
Source: Spain Business
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2012-04-02 11:30:52
According to the Spanish Federation of Lumber Companies (CONFEMADERA), in 2011 exports of lumber products, excluding furniture, increased14.6% compared to 2010, yielding € 1.1 billion.
Galicia continues to lead the industry in exports with € 337.3 million, up 18.4% from 2010. Catalonia follows with € 158.3 million (+ 24.1%), Valencia with € 151.8 million (+8.8%), and Castile-Leon with € 87.6 million (- 6.2%).
The European Union remains the principal export market for Spanish lumber products with Portugal (€ 278.6 million) and France (€ 208.4 million) on top, followed by the UK with sales at € 96.9 million.
According to CONFEMADERA president Francis Huidobro, “exports are currently seen as a major factor in energizing the lumber industry, which has been seriously affected by the construction slump".
Source: Spain Business
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Galicia continues to lead the industry in exports with € 337.3 million, up 18.4% from 2010. Catalonia follows with € 158.3 million (+ 24.1%), Valencia with € 151.8 million (+8.8%), and Castile-Leon with € 87.6 million (- 6.2%).
The European Union remains the principal export market for Spanish lumber products with Portugal (€ 278.6 million) and France (€ 208.4 million) on top, followed by the UK with sales at € 96.9 million.
According to CONFEMADERA president Francis Huidobro, “exports are currently seen as a major factor in energizing the lumber industry, which has been seriously affected by the construction slump".
Source: Spain Business
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2012-04-02 10:43:45
The four main pillars of the air cargo industry, the International Federation of Freight Forwarders Associations (FIATA), the International Air Transport Association (IATA), The International Air Cargo Association (TIACA) and the Global Shippers’ Forum (GSF) now come under one roof thanks to the formation of the new Global Air Cargo Advisory Group (GACAG).
Completing the formation of the new group ahead of the original time schedule, the founding members said the advisory group’s role is to establish a vision and strategy for the global air cargo supply chain and to present joint industry positions to third parties, including inter-governmental organizations such as WCO and ICAO.
GACAG Priorities
The founding members agreed that the priorites of the group will be as follows:
- Air cargo security
- e-commerce
- Customs and trade facilitation
- Sustainability of the global air cargo industry.
GACAG Steering Committee
Each member will designate two representatives onto the GACAG Steering Committee, which will direct, supervise and assist Task Forces of technical experts responsible for addressing GACAG’s objectives in relation to security, e-commerce, Customs and sustainability. The individual Task Forces will report back to the committee with recommendations.
Chairmanship of GACAG’s new Steering Committee will rotate among the members on an annual basis, commencing with TIACA for 2011. It was also agreed that TIACA will serve as the Secretariat for GACAG.
Focus on Air Cargo Security
The GACAG Security Task Force will focus on four areas:
- Advance electronic information process and timelines to improve aviation security risk assessment
- Consignment security declaration process and layout to provide aviation security regulators with an audit trail of who secured what, how and when
- Supply chain security program guidelines to introduce supply chain security in countries where there is none
- Ad hoc supply chain security issues
The Steering Committee will work on a similar set of objectives for e-commerce, Customs and Trade Facilitation, and Sustainability and these will be published in due course.
Source: IATA
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Barcelona Air Route Development Committee promotes Barcelona Airport intercontinental flights.
Completing the formation of the new group ahead of the original time schedule, the founding members said the advisory group’s role is to establish a vision and strategy for the global air cargo supply chain and to present joint industry positions to third parties, including inter-governmental organizations such as WCO and ICAO.
GACAG Priorities
The founding members agreed that the priorites of the group will be as follows:
- Air cargo security
- e-commerce
- Customs and trade facilitation
- Sustainability of the global air cargo industry.
GACAG Steering Committee
Each member will designate two representatives onto the GACAG Steering Committee, which will direct, supervise and assist Task Forces of technical experts responsible for addressing GACAG’s objectives in relation to security, e-commerce, Customs and sustainability. The individual Task Forces will report back to the committee with recommendations.
Chairmanship of GACAG’s new Steering Committee will rotate among the members on an annual basis, commencing with TIACA for 2011. It was also agreed that TIACA will serve as the Secretariat for GACAG.
Focus on Air Cargo Security
The GACAG Security Task Force will focus on four areas:
- Advance electronic information process and timelines to improve aviation security risk assessment
- Consignment security declaration process and layout to provide aviation security regulators with an audit trail of who secured what, how and when
- Supply chain security program guidelines to introduce supply chain security in countries where there is none
- Ad hoc supply chain security issues
The Steering Committee will work on a similar set of objectives for e-commerce, Customs and Trade Facilitation, and Sustainability and these will be published in due course.
Source: IATA
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2012-04-02 10:41:12
Iberia Express is aiming for profitability in its first year of operation.
Speaking to Flightglobal Pro at the launch of the low-cost carrier in Madrid, Iberia's chief exectuive officer Rafael Sanchez-Lozano says Iberia Express will be profitable in "year zero".
According to Sanchez-Lozano, Iberia Express will have a capitalisation of €20 million ($26 million).
The new carrier started operations on 25 March and focuses on short- and medium-haul routes for Iberia Hub in Madrid.
"Iberia Express is key to Iberia. We have to ensure profitability on short- and medium-[haul] routes," he says.
Source: Flightglobal
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Speaking to Flightglobal Pro at the launch of the low-cost carrier in Madrid, Iberia's chief exectuive officer Rafael Sanchez-Lozano says Iberia Express will be profitable in "year zero".
According to Sanchez-Lozano, Iberia Express will have a capitalisation of €20 million ($26 million).
The new carrier started operations on 25 March and focuses on short- and medium-haul routes for Iberia Hub in Madrid.
"Iberia Express is key to Iberia. We have to ensure profitability on short- and medium-[haul] routes," he says.
Source: Flightglobal
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2012-04-02 10:36:27
"Economic relations of Barcelona and Catalonia in Asia" is the title of the work session that this morning has privately brought representatives of different economic sectors together, as well as representatives of the Catalan administration at Casa Asia Headquarters.
The purpose of this initiative is to collect action proposals to promote programmes that serve to dynamize commercial and economic relations with Asian markets, and to establish a common strategy to make the most of opportunities that Asia offers in fields such as logistics and tourism, trade and investment, cultural industries, innovation or education.
The work session has been called by Casa Asia with the support of the Catalonian Government (Generalitat), Barcelona City Council and the Metropolitan Strategic Plan of Barcelona, with the presence of representatives of ACC1Ó — Invest in Catalonia, the Catalan Institute of Cultural Companies, Tourism of Barcelona, Barcelona Activa, IEMed, the Barcelona Commerce Chamber, ESADE, Parque Tecnológico 22@, Feria de Barcelona, Sónar, SEAT, ”la Caixa”, Mazars, Cuatrecasas, Gonçalves Pereira and Roca Junyent, among others.
Source: Casa Asia
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The purpose of this initiative is to collect action proposals to promote programmes that serve to dynamize commercial and economic relations with Asian markets, and to establish a common strategy to make the most of opportunities that Asia offers in fields such as logistics and tourism, trade and investment, cultural industries, innovation or education.
The work session has been called by Casa Asia with the support of the Catalonian Government (Generalitat), Barcelona City Council and the Metropolitan Strategic Plan of Barcelona, with the presence of representatives of ACC1Ó — Invest in Catalonia, the Catalan Institute of Cultural Companies, Tourism of Barcelona, Barcelona Activa, IEMed, the Barcelona Commerce Chamber, ESADE, Parque Tecnológico 22@, Feria de Barcelona, Sónar, SEAT, ”la Caixa”, Mazars, Cuatrecasas, Gonçalves Pereira and Roca Junyent, among others.
Source: Casa Asia
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2012-04-02 10:35:40
The sixth edition of the Spain-India Dialogue Forum will be held in New Delhi on the 21st and 22nd of March and will include the participation of civil society and government members from both countries. The Forum is an event for dialogue and cooperation under the initiative of Casa Asia (Barcelona) Casa de la India (Valladolid) and the Indian Council of World Affairs (New Delhi), in collaboration with the Ministry of Foreign Affairs of Spain, the Ministry of Foreign Affairs of India, the Spanish Embassy in India, the Embassy of India in Spain and the Spain-India Council Foundation.
The Spain-India Dialogue Forum was launched in 2005 to cover a gap in the relations between both countries and has as its main objective to promote bilateral contacts and to facilitate a greater cooperation and exchange.
The sixth edition of the Spain-India Dialogue Forum will develop through five round tables where specific proposals will be presented with the goal to create a joint action plan:
1. Perspective on the evolution of political and economic order in Europe and Asia.
2. Political and strategic development in North Africa, West Asia and the Indian Ocean.
3. Global trade, financial institutions, currency issuing and monetary policies.
4. Key factors in economic competitiveness and infrastructure projects.
5. Culture and knowledge.
This edition of the Forum has a strong accent in Economy and it will have relevant participants such as Pedro Solbes (FRIDE), Jose Maria Robles (Santander) Joiel Akilan (BBVA), Elisa Robles (Centre for Industrial and Technological Development), Gonzalo Escribano (Instituto Elcano), Javier Carvajal (Cuatrecasas, Gonçalves Pereira) and Juan Jose Pina (CATA Tours), among others. Within the diplomatic area Jose Eugenio Salarich, Secretary General of the Spain-India Council Foundation, Francisco Javier Elorza, Spanish Ambassador to India, Ernesto Zulueta, Director General for North America, Asia and Pacific (MAEC), and Juan Jose Herrera de la Muela, General Director of Casa Asia will attend.
At his opening speech the General Director of Casa Asia, Juan Jose Herrera de la Muela, highlighted that "the highest aspiration of Casa Asia and the Dialogue is the approach and exchange of views in the field of international relations, economics and business. Herrera said that it is about identifying these proposals and issues that involve "a clear and shared opportunity to advance relations and strengthen ties between the civil societies of Spain and India." Within the economic field, the General Director of Casa Asia said that Spain has a great presence of companies in India within the areas of infrastructure, automotive, software, machinery or financial services, but the work to be done was huge because our country has a lot to offer to Indian companies as a logistics platform to Europe, as a technology partner, as a training center (some of the best business schools in the world are in our country), as a tourist destination and one of the world centres of telecommunications (3GSM).
The lehendakari Patxi Lopez, who will travel to India during the same dates leading a business delegation, attended the opening session of the Dialogue Forum, which will also include the participation of Basque companies and institutions, including Tecnalia, the technology corporation that has become an international leader in its field.
The Dialogue Forum will evaluate the conclusions of its last edition, held in Madrid in 2010, and will present the India and South Asia Observatory of Casa Asia, an information and knowledge multidisciplinary platform about this area of the world.
Source: Globalasia. com
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