04/06 Conference: Spanish Science Diplomacy. Ingelia, the success of a Spanish business model in Belgium based on HTC technology

The Embassy of Spain in the Kingdom of Belgium and the Official Spanish Chamber of Commerce in Belgium and Luxembourg organizes next 4th June between 16:00h and 18:00h the conference “Spanish Science Diplomacy. Ingelia, the success of a Spanish business model in Belgium based on HTC Tecnology”, followed by a networking session

During the conference, Marisa Hernández Latorre, founder of Ingelia and nominated last year for the EU Prize for Women Innovators, will present the company’s track record and its commercial development in Europe, and mostly in Belgium, emphasizing the technology created by Ingelia for the recycling of waste. A representative of the Renasci company that benefits from this technology in Ostend will also participate. Also, other topics including support for technology companies at EU and national level will be presented.

The conference will take place at the Embassy of Spain in the kingdom of Belgium.

You can find the complete program here.

The receipt of an invitation to participate is required. If you are interested in attending, please send an e-mail to info@e-camara.com.

Conference: “The Canary Islands: investment destination”

Last Tuesday 21st May, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized in collaboration with PROEXCA, a public company whose main objective is the attraction of strategic investments in the Canary Islands, a conference under the topic “The Canary Islands: investment destination”. The event aimed to inform Belgian companies of renewable energy, ICT, BPO, audiovisual sector and animation about investment opportunities in the Islands.

María Catalán, Secretary General of the Chamber delivered welcome remarks and thanked the participation of all the attendees.

Afterwards, Pablo Martín-Carbajal, Chief Executive Officer of PROEXCA, presented the key economic assets of the Islands for foreign investment, highlighting, among others, the most relevant and booming sectors and tax advantages. He also explained several potential investment angles.

Later on, Jerónimo Falcón, Project Manager of the Canarian Society of Economic Development, presented the general panorama of the energy sector in the region, and in particular of renewable energies. He highlighted the unique natural characteristics of the Islands, as well as the differential infrastructures. In addition, he noted that the government offers various aid for productive investments in the sector and sustainable investment activities.

On the other hand, Olga Martín Pascual, Director of the ZEC (Canarian Special Zone) Consortium, announced the economic and fiscal opportunities of the Canary Islands Economic and Fiscal Regime (REF) and other benefits provided by operating in them. He also spoke about tax incentives such as the corporate tax of the Islands, the most advantageous in all of Europe and the particularities of the ZEC.

After the speeches, the participants were able to ask their questions and to have one-on-one meetings with the speakers.

In collaboration with:

18/06 Workshop on “Digitalize your Business”

The Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with Senda Consulting, is pleased to invite you next 18th June from 09:00h to 12:30h to a workshop on “Digitalize your Business”. The purpose of the workshop it is to provide an insight on the functioning and the utility of the digitalization in your business. The attendees will understand, among others, the necessary tools for digital communication, different CRM programs and the tips to choose the best software for a company.

The mentor of the workshop will be David Sánchez, entrepreneur, member of the Chamber Senda Consulting. The conference will be held in English.

For more information about the program click here.

If you are interested in assisting you can register through this link.

Presentation LaLiga: ‘Economic-Financial Report of professional football’

On May 9, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized, in collaboration with LaLiga, a presentation detailing the “Economic-Financial Report of professional football” during the 2017/2018 season. The event was attended by journalists, public bodies and representatives of Belgian and Spanish companies.

In the first place, Andrea Oriol, delegate of LaLiga in Benelux, gave a few words of welcome to the attendees and presented the work of LaLiga and the clubs that compose the competition. Afterwards, the economic-financial results of the last season were described.

LaLiga has reached the highest records of the competition in its history. According to the last Economic-Financial Report of Spanish professional football, corresponding to the last season concluded (2017-2018), LaLiga’s clubs recorded revenues of € 4,479 Mn, representing a growth of 20.6% compared to the season previous.

This is the largest annual positive change achieved in recent years, which is very remarkable as it has been produced after several years in which it has grown steadily at a double-digit rate.

The gross operating profit (EBITDA) of LaLiga amounted to € 945 Mn (+ 20.7%), the operating result (EBIT) stood at € 325 Mn (+ 11.4%) and the net result of the year reached € 189 Mn (+ 6.7%).

The 2017-18 season has been surprising due to the emergence on the scene of two new growth engines of LaLiga: commercial revenues and income from transfers, which have stolen prominence as drivers of annual growth to retransmission revenues.

In the case of commercial revenues (not including the billing from advertising), the annual increase reached 34.1%, until the turnover reached € 838 Mn, which is indicative that Spanish clubs are becoming increasingly attractive media for sponsors.

 

On the other hand, the income derived from the transfer of players (i.e. sale price), the annual increase of 104.3% allowed to double in a single year the billing for this concept, with a record of € 1,018 Mn.

However, the audiovisual billing received by the clubs managed to exceed the level of € 1,500 Mn for the first time and will regain its prominence as of the 2019-20 season, as a consequence of the new audiovisual cycle negotiated by the national market and the signed international agreements.

It is very important to note that these results have been achieved coinciding with an increase in operating expenses (OPEX) and at a time of high investment intensity (CAPEX).

It is equally important to point out that LaLiga 1 | 2 | 3 not only contributes more and more to the revenues of LaLiga as a whole, but also to the results (all the indicators are already in positive terrain and growing sense) and to the generation of cash flow and the value of the activity.

All of the above has led to obtaining a business profitability index (ROIC) that stood at 12.3% (15.1% adjusted) in the 2017-18 season, six tenths higher than the previous season and that, in any case, is substantially above the levels of other reference competitions.

In addition, the LaLiga clubs create a professional football industry that generates an impact on economic activity equivalent to 1.37% of the national GDP and employs directly or indirectly close to 185,000 people (0.98% of the population). average used in Spain in the last year).

After the presentation, a round was given to questions in which the delegate of LaLiga answered all the questions of those who wanted to obtain more information about the exposed subject.

The complete Economic-Financial Report can be consulted here

11/06 Conference about the new Companies and Associations Code

The Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with Estudio Legal Muñoz Gonzalo SLP and Philippe & Partners, has the pleasure to invite you next Tuesday, June 11th from 18:00 PM to 19:30 PM to a conference in Brussels about “new Companies and Associations Code”. One of the main novelties of the new Companies and Associations Code, that came into force last 1st May 2019, is the replacement of the «Société Privée à Responsabilité Limitée» (SPRL) by the «Société à Responsabilité Limitée» (SRL). In order to expose the most relevant changes this modification involves, the speakers will address the following aspects:

  • The entry into force and the key dates.
  • Changes, opportunities and risks of the New Code.
  • The limitation of the administrator’s responsibility.
  • The reduction of the number of types of society.
  • The plural voting actions.
  • How should societies adapt to the reform.

The speakers of the conference will be:

Denis PHILIPPE, managing partner of Philippe and Partners law firm, professor at the Catholic University of Leuven, and Contract and Associations Law Expert, his law firm counsels companies on diverse activity sectors at national, European and international level.

Ernesto MUÑOZ, managing partner of Estudio Legal Muñoz Gonzalo SLP law firm, expert in Company and European Union Law. At their office in Brussels they advise Spanish companies and represents their clients to institutions and European courts.

This activity is framed in the EmprendeBelux program, an initiative which aim is supportting Spanish entrepreneurs in Belgium and Luxembourg, serving as a platform for ongoing training and generating new contacts.

The conference will be held in Spanish. If you are interested in assisting you can register through this link.

 

 

Breakfast-Conference New companies and associations Code – It’s getting real!

On May 9th , the Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with its member KOAN Law Firm, organized a breakfast-conference about: “New companies and associations Code- It’s getting real!”. The speakers of the conference were Antoine Druetz (Partner) and Alix Degrez (Associate) from KOAN. The event gathered representatives of different companies and associations, members of the Chamber and representatives of Spanish public bodies.

The conference was focused on the law of March 23, 2019 introducing the New Companies and Associations Code (CAC), which contains various provisions. It is applicable since the 1st May for the newly incorporated associations and foundations, whereas in the case of the existing associations and foundations the deadline to make their Articles of Associations (AoA) compliant with the CAC will be January 1st, 2024. However, as of January 1, 2020, the application of the mandatory rules and, where appropriate, the residual rules of the CAC will begin.

This new Code has a wide importance within the Belgian business landscape, because amongst other things, it is a reform of the Act of 27 June 1921 on non-profit associations, international non-profit associations and foundations.

Both speakers presented the main novelties that have been introduced by the new code, which lead to important changes related to commercial activities, new liability regime, restructuration and transformations and governance rules (articles of association). Both Antoine Druetz and Alix Degrez gave details about the new rules and principles established by this code and that will affect to the Belgian Companies and Associations.

Among the most important modifications that are implemented it is worth noting those that will develop the current doctrinal principles and rules, to fill in the gaps of the law, as well as the global harmonization of companies, non- profit organizations, international non-profit organizations and foundations.

In this way, the attendees had the chance to get in touch deeply with the new provisions of the Code. The importance of the topic raised many questions among the attendees to the breakfast-conference. Druetz and Degrez cleared up all the doubts of the attendees who wanted to obtain more information about the various situations previously exposed in the conference.

Definitely, the event organized with our member KOAN Law Firm helped to understand much better the regulations of this new code, which undoubtedly will play an important role in Belgium these following years.

 

12/06 Introductory tasting of Spanish Extra Virgin Olive Oil (EVOO)

The Official Spanish Chamber of Commerce in Belgium and Luxembourg has the pleasure to invite you on June 12th between 6:15 p.m. and 8:15 p.m., for an “Introductory tasting of Spanish Extra Virgin Olive Oil (EVOO)”.

A selection of Spanish EVOO from different regions will be tasted. The participants will learn about the different tasting techniques and the principles of oil making. The EVOO will be tasted with various innovative pairings.

The tasting will be in Spanish and given by Almudena Cervera, expert in Spanish EVOO.

You can register through this link.

Expats Golf Trophy

Last 24th April the Official Spanish Chamber of Commerce in Belgium and Luxembourg collaborated in the 4th edition of “Expat Golf Trophy”, which was celebrated at the Golf Club d´Hulencourt.

The event had more than forty participants, including ten members of the Chamber as well as representatives of the diplomatic body and international companies and members of other Chambers. The participants, divided in beginner and advanced level, enjoyed a nice evening of golf followed by a networking cocktail and the awards ceremony.

This event was organized in collaboration with:

 

15/06 1st Edition doubles paddle tennis tournament

With the aim of promoting business networking among its contact network, the Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with Europadel and La Casa de Padel, is pleased to invite you to the first doubles paddle tennis tournament organized for the expat community in Belgium on Saturday, 15 June, from 3 p.m. to 8 p.m.

Check the participation modalities here.

You can register here through the following link.

Interested in sponsoring the tournament? Contact  info@e-camara.com

 

Sponsored by:

In collaboration with:

Ten Belgian political representatives present their proposals for the country in the #Yes2Belgium Election Debate

Last April 3 took place the debate about the Belgian elections “#Yes2Belgium Election Debate” at the ING´s Manix Auditorium in Brussels. This debate was supported by 12 foreign chambers of commerce in Belgium and is part of their objective to involve their member companies in the upcoming federal, regional and European elections that will take place on May 26.

The event featured the participation of prominent personalities from 10 different parties that shared their vision and solutions to the problems that foreign companies identify as a priority; mobility, tax system and competitiveness, labour market and governance.

 

Mobility

The main topic for discussion was about the possibility to involve the private sector in the management of the Belgian public transports.

Even though there was not a consensus on this issue, they agreed that climate change, efficiency in transport and deficient infrastructure are still some of the key problems to tackle. The digitalization and the new transport models such as the autonomous cars were presented as new opportunities to these problems.

 

Labour market

The imbalance between the increasing demand of qualified workers and the rise of unemployment among less qualified candidates concentrated an important part of the political proposals that presented the training adapted to the market’s needs as main solution.

The labour costs remain still a key problem for the companies based in the country. Some of the candidates suggested to adapt the labour costs to the productivity and to move towards an adequate balance between labour flexibility and a solid social security system.

 

Tax system

The tax system assumed by the companies its perceived as a disadvantage when it comes to positioning Belgium as an attractive country from a tax perspective.

Different candidates agreed that the answer can not be national but European, to avoid the fiscal dumping among member states. They also presented different measures to attract investment in different sectors such as renewable energy and new technologies.

 

Governance

The participants agreed that the inefficiency as regards to governance is not linked to the system itself but rather on the necessity to improve the collaboration between the different political parties to reach agreements on key national political issues.

Different candidates presented the possibility to refederalize certain competences on key topics that require a national answer to avoid inefficiencies.

 

The different political representatives converged on the importance of the foreign investment in the country and the need to generate an attractive framework to foreign companies. The different subjects discussed were considered as crucial to improve the competitiveness of the country and to continue positioning Belgium as a lead country to attract capital and talent.