INVEST IN SPAIN

Newsletter	January 2010 Nº 40

Headline

Regions

Key Sectors

	Ryanair Announces New Base in Spain
	Toyota chooses Bilbao for its "laboratory of ideas"

	Renewables receive government boost to get more than 8,000 MW of projects running by the end of 2012
	Delegation from MIT visits Galician Automotive sector

Business Indicators

Spain in line with worldwide trends for Foreign Direct Investment flows in 2009

Data on foreign direct investment flows to September 2009 published recently by the Investment Register are in line with the preliminary estimates published by the OECD in an informative note at the beginning of December for the whole of 2009.
The Investment Register calculates a fall in FDI flows received of 68% for the January-September period in comparison with the same period of 2008, which amounts to 10,811 million euros. Despite the negative climate in 2009, the flows received to September are at the same level as those for 2006 and 2007.

Success story

"More than 60% of our turnover currently comes from the Internet. The jump from being a traditional legal publisher to being a solutions company has already happened".

Juan Carlos Franquet, CEO of Thomson Reuters

Appointments

News in Brief

12/01/10

Foreign investment projects in Spain backed by INVEST IN SPAIN

Since its creation in 2005, the Government Agency INVEST IN SPAIN has participated in setting up 114 company investment projects with foreign capital in Spain. The figure includes projects undertaken with new companies without a presence in Spain, and those involving the development and reinvestments of foreign companies already established in the country.

04/01/10

Portuguese group BA Vidro becomes leading shareholder of La Seda de Barcelona

The company has underwritten an expansion worth 65 million euros, which will provide it with a shareholding of around 18%. BA Vidro has already drawn up its own strategic plan to refloat the company.

01/01/10

Spain made net savings from renewable energies of 619 million euros in 2008

Last year renewable energies yielded net savings of 619 million euros in Spain as a result of reductions in imports of fossil fuels and emissions of CO2.

Events

03/03/10 - 06/03/10

CeBIT

INVEST IN SPAIN will participate for the first time in the next edition of CeBIT Trade Exhibition that will be held from 2 to 6 March 2010 in Hannover (Germany).

This year, Spain will be the guest country at CeBIT. INVEST IN SPAIN will take part with an information booth located within the Spanish official pavilion organised by ICEX (the Spanish Institute for Foreign Trade) housing the Spanish exhibitors at this trade fair.

CeBIT is the largest trade fair devoted to the presentation of the latests digital solutions in the world. 2009 edition counted on more than 4.300 exhibiting companies coming from 69 countries on 27 different halls with more than 400.000 visitants from 77 different countries.