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Rajoy will meet with the new Socialist leader two days before talking to the Catalan President

July 22, 2014 09:21 PM | ACN

The much awaited meeting between the Spanish Prime Minister, Mariano Rajoy, and the President of the Catalan Government, Artur Mas, has finally been announced for Wednesday 30th of July at 11am, after both politicians have stated during several months that they were open to talk. In the meeting they will discuss the institutional and social affairs related to the economic crisis, but they should also talk about the organisation of a self-determination vote in Catalonia. However, Rajoy has rejected to talk about it, as he considers it "an absurd" debate, despite the fact that 80% of Catalans want to hold such a vote and it is the main topic in Catalonia's political agenda, and probably in Spain's as well. Besides, on Monday 28th of July, Rajoy will meet Pedro Sánchez, the new Secretary General of the Spanish Socialist Party (PSOE), who is also against Catalonia's self-determination and offered his will to reach agreements on "the territorial model".

Catalonia reaches a new tourism record with 7.1 million foreign visitors in the first half of the year

July 22, 2014 09:20 PM | ACN

Catalonia received 1,677,679 foreign tourists in June, an increase of 2.4% compared with the same month in 2013. The combined number of foreigners who visited the Autonomous Community in the first half of this year reached 7.129 million, which is an increase of 6.7% and sets a historic new record for the number of foreign visitors passing through Catalonia. This good performance has been shared throughout Spain, as it hosted 28 million foreign tourists in the first half of 2014, marking a new record.

BBVA buys nationalised Catalunya Banc for €1.19 billion, meaning taxpayers will lose more than €11 billion

July 22, 2014 08:57 PM | ACN

BBVA will pay €1.187 billion to the Fund for Orderly Bank Restructuring (FROB) for the nationalised Catalan bank, beating the other two offers in the final phase of the auction process presented by Santander and Barcelona-based CaixaBank. This means that Spanish taxpayers will lose €11.84 billion considering guarantees and due to the fact that the Spanish Government injected €12.622 billion into Catalunya Banc since it was nationalised in 2011. Catalunya Banc was a private bank owned by CatalunyaCaixa, the merger of three historical Catalan savings banks (Catalunya, Tarragona and Manresa). It could not face the deep restructuring process required to meet the new banking regulations. The bank had a weak financial position resulting from a high exposition to toxic real estate and mortgages assets, as well as suffering from poor management. The BBVA will become the second largest bank operating in Catalonia, doubling its past position.

CiU's 'number 2' quits his post within the coalition but continues leading the Christian-Democrats

July 21, 2014 08:59 PM | ACN

Josep Antoni Duran i Lleida, who was the Secretary General of the centre-right pro-Catalan State two-party coalition CiU, quit his post on Monday in the middle of the tensions for the self-determination vote and Catalonia's potential independence from Spain. However, Duran will continue to lead the Christian-Democrat party within the CiU (UDC) and to be the CiU's strong man in Madrid. In addition, one of his closest allies within UDC, Ramon Espadaler, will take his place as Secretary General. Duran is against independence, although he supports building a Catalan State within a Confederated Spain as well as the self-determination vote scheduled on the 9th of November. However, since a wide majority of people within the CiU would vote for independence (including the Catalan President, Artur Mas), internal tensions for Duran's personal stance have increased. Furthermore, there are increasing rumours that the CiU could break up for the first time in more than three decades.

BASF postpones its Tarragona intermodal station to 2017 due to Madrid's delay building the Mediterranean Corridor

July 21, 2014 08:58 PM | ACN

German chemical multinational BASF does not expect to launch its intermodal merchant station in Tarragona's petro-chemical compound until early 2017, two years after it initially forecast. The date of commissioning, as recognised by the company, is conditioned by the start of construction of the third rail connecting the railway line in Tarragona to the Mediterranean Railway Corridor (a strategic transport priority for the European Union), an infrastructure the Spanish Government keeps delaying. Although there is currently no start date for construction, BASF has set up the company ‘Combiterminal Catalonia SL’: a 'joint venture' with Contank SA, Hoyer España SA, and Schmidt Holding GmbH and Tradillo Inversiones SL (Pañalón Group) collaborating to build and operate the station.

Catalan bands Mishima, Txarango and Headbirds perform in New York´s Central Park

July 21, 2014 08:54 PM | ACN

Three of Catalonia´s most popular music groups played in Central Park in New York City on Sunday 21st July as part of the SummerStage Festival. The three Catalan performers, Mishima, Txarango and Headbirds, participated in the event under the slogan ´Catalan sounds on tour´, with the aim to internationalise Catalan musicians and performers. The festival is organised by New York´s City Parks Foundation with the object to raise awareness of the richness of different cultures, and this year includes the participation of the Ramon Llull Institute (IRL), Catalonia's public body to promote Catalan language and culture abroad.

Barcelona´s public bicycle service due to launch an electrical bike service by the end of this year

July 21, 2014 08:42 PM | ACN

Barcelona´s bicycle sharing service, Bicing, has announced plans to launch an electrical bike service designed to aid longer journeys around the city. This service aims to improve the effectiveness of the current Bicing service by promoting the use of electrical bicycles, which will further enhance the image of Barcelona as a ´Smart City´. An initial trial of the new service will begin this December when 300 electronic bikes will be spread over 45 Bicingstations across the city. As with the original Bicing service, this new scheme will be directed towards regular residents of Barcelona and will be unavailable to short-stay tourists.

Recreativo Huelva v FC Barcelona: Barça's winning start of the 2014/15 pre-season (0-1)

July 20, 2014 10:16 AM

Luis Enrique led Barça to a win in Huelva thanks to a Joan Roman goal. All FC Barcelona's 23 players got to play, and the visitors dominated from start to finish. The Colombino Trophy match between Recreativo Huelva and Barça will always be remembered for being Luis Enrique’s debut as first team manager. Goalkeeper Ter Stegen got to make his debut, and although he didn’t have much to do, on the few occasions when he was called upon, he did well. There were only three first team players in the starting eleven (Masip, Montoya and Sergi Roberto), with the other eightall coming from the reserves. Luis Enrique fielded a completely different eleven in the second half, four of which were first team players - Ter Stegen, Bartra, Afellay and Deulofeu

3,000 organisations to send Rajoy a letter asking him not to block "the legal" self-determination vote

July 18, 2014 08:44 PM | ACN

Catalonia's National Alliance for Self-determination, which brings together some 3,000 entities including political parties, local governments, trade unions, employer associations, Chambers of commerce and NGOs, held on Friday its 3rd meeting. The Alliance decided to send the Spanish Prime Minister, Mariano Rajoy, a letter to ask him not to block the self-determination vote scheduled for the 9th of November, which would be organised under the Catalan legal framework. The document will highlight that the Constitutional Court stated that it did not have powers to solve issues arising from a part of Spain wanting to modify its political status and that "public powers, particularly the territorial ones" are those who have to solve it "through dialogue and cooperation". The letter will be sent in the coming days, ahead of the meeting between Rajoy and the President of the Catalan Government, Artur Mas. In this meeting, Mas will discuss this vote but also the institutional and social issues in Catalonia.

Exports from the Port of Barcelona increase by 63% from pre-crisis levels registered in 2008

July 18, 2014 08:36 PM | ACN

63% more exports have been channelled through the Port of Barcelona during the first six months of 2014 than in the same period of 2008, prior to the economic crisis. On Friday, the President of Barcelona Port Authority, Sixte Cambra, announced that 2014 will be the year of record sums of exports and imports from the Catalan port. The Port finished the first half of 2014 with 22.5 million tons of goods transported, representing an increase of 7% compared with the same period of 2013. Cambra said that growth occurred in all cargo sections of the port, driven by foreign trade, especially exports.

Barcelona Contemporary Art Museum (MACBA) broadens its horizons with new exhibition spaces and services

July 18, 2014 08:34 PM | ACN / Pau Cortina

The Museum of Contemporary Art of Barcelona (MACBA) is expanding into the nearby Àngels Square in the heart of the historic neighbourhood Raval. On 17th July the museum unveiled the details of its future plans, which are designed to increase the flow of visitors to the art centre. These include increased exhibition spaces and the expansion of the existing MACBA Study Centre. The project is estimated to cost a total of €2 million, 1.5 million of which will be provided by Barcelona City Council, and it is hoped that this will increase the number of visitors to the museum by 15% per year.

Criteria, the industrial holding of La Caixa, acquires 7% of France's Suez Environnement

July 18, 2014 08:27 PM | ACN

Barcelona-based Criteria CaixaHolding becomes the second largest shareholder of Suez Environnement after signing a binding agreement with the French-based utility company for the sale of Criteria's 24.14% stake in Agbar (Sociedad General de Aguas de Barcelona, S.A.) in exchange for 22 million newly issued Suez Environnement shares. These shares represent 4.1% of Suez's share capital and €299 million in cash. As part of the agreement, Criteria stated its intention to allocate part of the money received from the purchase of Suez Environnement shares in the stock market, aiming to achieve, depending on market conditions, a 7% stake in Suez Environnement, a company which currently controls 75.35% of Agbar.

Barcelona Olympic facilities to host a 66.000 m2 sports theme park in 2015

July 18, 2014 05:45 PM | ACN

Barcelona Olympic Ring will become the home of the first theme park in the world entirely dedicated to sports, called Open Camp Sportainment. According to the company responsible for the project, the 66.000 m2 theme park will offer a "unique" show involving technology, family and sports. The new attraction will occupy the current Olympic Stadium, the Palau Sant Jordi sports hall, the Olympic Museum, the Bernat Picornell swimming pool, the telecommunications tower designed by Santiago Calatrava and the INEFC sports faculty. All these facilities will combine their regular activities with those of the theme park, which will be open from April to October. The project expects 7,000 visitors per day and an annual economic impact for Barcelona of 53 million euros.  

CatalunyaCaixa confirms the sale of its €6.4 billion high risk mortgages to US Blackstone

July 18, 2014 04:24 PM | ACN

CatalunyaCaixa (CX) on Thursday confirmed the sale of its portfolio of high risk loans to US investment company Blackstone, consisting mainly of mortgages with a nominal value of €6.392 billion and provisions of €2.205 billion. The transaction involved the transfer of funds to a portfolio of asset-backed securities for an amount equal to its book value, €4.187 billion, with €3.615 billion supplied by Blackstone and Spain's public Fund for Orderly Bank Restructuring (FROB) providing the remaining 572 million. With this divestment, the CX solvency ratio stood at 14.9% and coverage stands at 81.6%. After this sale, the liquid assets of CX will reach €16.848 billion and the company is now ready to face its full privatisation, after it was nationalised in 2012.  In addition, Blackstone had already bought CX's real estate business in June in a €40 million operation.

Catalonia, the Basque Country and Castile and León lead transparency rankings, while Madrid is at the bottom

July 17, 2014 10:10 PM | ACN

The Catalan Government, alongside the executives of the Basque Country and Castile and León, is leading the index of Autonomous Communities in terms of transparency, according to a study issued on Thursday by the organisation Transparency International Spain. These three Autonomies scored 100 out of 100 in the study, which was based on 80 indicators. They were followed by La Rioja (96), Galícia (94) and the Balearic Islands (93). The Region of Madrid occupies the last position in the ranking, with 65 points, behind the Region of Múrcia (79), the Canary Islands (80) and Castilla-La Mancha (84). The average across Spain is 88.6 out of 100. The study called upon regional governments to indicate the exact location of various data and information about elected officials, political appointments, organisation and personal wealth.