Daily Archives: March 26, 2012
Food expects 140,000 visitors and will focus on foreign trade
Internationalization, innovation and brand are the axes to be focused on the new edition of Food, which begins today with 4,000 companies registered and expected to attract 140,000 visitors.
The Princes of Asturias will preside over the opening of the nineteenth edition of this room, one of the largest fairs Barcelona hosts, whose economic impact is estimated between 170 and 200 million euros.
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Food, which will end on 29 March, aims to maintain its leadership position as a global showcase and also serve as a springboard for Spanish companies outside the sector of food and beverages.
Between now and March 29, the Gran Vía Fira de Barcelona will provide the competition close from 94,800 square feet dedicated to the commercial and business related activities, promotion, food and agri-food innovation.
The commitment to internationalization is evident in the significant presence of Asian and participation for the first time in the International Pavilion, Thailand, Dubai and Sweden, and China.
The organizers of the room, Fira de Barcelona and IFLA, the Spanish employers in the sector, also intended to convert the room into a promotional platform for participating companies and a center of international business, which is expected to hold more than 8,000 meetings between exhibitors, buyers and distributors.
To this end, “Alimentaria” has invited about 220 buyers worldwide reference of the sectors and products represented at the fair.
With over thirty years of history, Food hopes to attract 140,000 visitors this year to professionals, of whom a third are foreigners, and will showcase products from 4,000 companies, 1,300 of them foreigners from 75 different countries.
A mineral water high in caffeine, crispy popcorn chicken, a “foie gras” sobrassada and honey, or an appetizer of fried macaroni, and a disassembled tortillas are some of the innovative products to be tested in the Hall Food in Barcelona.
A total of 140 Catalan companies will participate in the lounge, which represents 26% more than in the previous edition, when 111 companies attended the fair.
Some companies are Llet Catalan speaker Nostra (dairy), Tupinamba (coffee), Embotits Salgot (sausages), Sola Meat (meat) or i Pere Ventura Family (cava).
Civic Banking CaixaBank and close the merger agreement and approve it tomorrow
CaixaBank and Civic Banking have been closed today after a weekend of intense negotiations, the merger agreement, that tomorrow will be ratified by two boards, Efe reported sources familiar with the process.
Both entities is expected to report tomorrow also the details of the agreement, which will make CaixaBank in the first Spanish bank by asset size, with more than 340,000 million euros, ahead of BBVA after the recent purchase of the Catalan Unnim.
Both organizations reached Friday, day 23, an “agreement in principle” fusion, although there were still some points to be specified, as the price of exchange of shares or the new organizational structure of the entity.
For weeks, Civic Banking CaixaBank and maintain contacts for possible merger, although it was not until last March 13 when the group headed Isidre Fainé recognized, in a communication to the National Securities Market Commission (CNMV), which studying the purchase of Civic Banking.
This entity needs to merge, as it can not cope alone with the new allocations of more than 2,000 million that requires the government to clean up their property assets.
With the acquisition of Civic Banking, the Catalan, as well as entry to its shareholders the bank emerged from the union of Caja Navarra, CajaCanarias, Caja Burgos and Cajasol, becomes, at least for the moment, in the first financial institution by assets in Spain.
Repsol YPF lost the grant of another area in Argentina
Argentina’s Salta province (north) joined the Mendoza, Santa Cruz, Chubut and Neuquén in the decision to reverse the award of several areas of the Spanish oil company Repsol YPF Argentina stock market news, announced Sunday the Governor Juan Manuel Urtubey.
“This week in the plan of the Ministry of Energy of the Province, accepted the reversal of Tartagal West area at the top of YPF, which was out of production,” said the official agency Urtubey Telam.
The governor also said he is scheduled to remove the operating permit area West Tartagal and that it will be bid along with other areas.
In recent weeks, Repsol lost nine exploration areas in Argentina, where authorities accuse it of failing investment commitments, with the consequent drop in production.
Urtubey warned that removing could be extended to other areas and reported that he had intimated “to all companies to submit an investment plan with a 15% increase in the exploitation and exploration. (see stock market trading today) ” “In this context it has been said that those companies can not invest that are willing to accept assignments of areas to others in a position to do so,” added the governor.
The government plans to formalize Salta decision Monday with the publication of the decree in the Official Gazette.
The government of President Cristina Kirchner held a bid with the largest oil company in the country because the fall in production, estimated at between 30% and 40% in recent years, forced to import oil in 2011 amounting to 9,000 million dollars.
The situation will be discussed Tuesday at a meeting of the Federal Organization of Oil Producing Provinces (OFEPHI), which are the owners of underground resources.
Repsol YPF denied the charges and anticipated it will take legal measures to guarantee their rights.
The oil is the first taxpayer in Argentina, in addition to being the market leader with 52% fuel refining.
Manifiestación against oil exploration in the Canary Islands
Over a thousand people demonstrated on Saturday against plans Tenerife Spanish oil company Repsol to conduct surveys in the waters of the Canary Islands, which they say threaten tourism and the environment of the archipelago.
Protesters of all ages and among those who were activists and regional government officials, gathered in the afternoon before the sub-delegation of the Government in Tenerife.
In Madrid, a hundred young men who wore traces of black paint on the face demonstrated against these surveys at noon. “No oil, yes to renewables”, “Canary Islands, without piche (tar) on our beaches,” chanted the demonstrators in Madrid.
Environmentalists and the Canary Islands regional government said that approval of the Central Executive Repsol to search for oil in the archipelago threatens the tourist industry and marine ecosystems.
“The business will only benefit a multinational,” said a spokesman for the protesters in Madrid, Noelia Sanchez. “It affects the industry which we live, which is tourism (…) will be totally disastrous social consequences” and “will also be a disaster for biodiversity of the islands,” he added.
The Government approved the March 16 oil prospecting about 70 miles from the islands of Lanzarote and Fuerteventura, near the maritime border with Morocco. The production of hydrocarbons in these reservoirs could reach 100,000 barrels per day, making it the largest oil discovery in Spain.
Repsol, which owns 50% of the consortium that operates the area, hopes to “start drilling in about two years,” he told a spokesman for the company, once the Government must deliver a stock market today report on their environmental impact. The two partners in this consortium Repsol are the Australian Woodside (30%) and German RWE (20%).
Opposed the project, the Canary Islands Government announced that “taking action against the approval of oil exploration,” fearing that harm the tourism community, which in 2011 was the second most visited in Spain after Catalonia.
