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Gas Natural Fenosa earns €1.45 billion in 2013, a 0.3% increase

February 18, 2014 08:23 PM | ACN

Barcelona-based Gas Natural Fenosa earned €1.445 billion in 2013, 0.3% more than in 2012. The strong international customer base of the energy company has neutralized the “decline in business” in Spain. This fall at Spanish level was due to the fiscal pressure increase and to the impact of the latest Spanish Government’s reform of the electricity market, which led to a shortfall of €455 million in 2013 for the Catalan multinational. The aggregate EBITDA (Earnings before interest, tax, depreciation and amortization) stood at €5.085 billion, 0.1% more than in 2012. International business accounted for 44.1% of the EBITDA, while it had represented 43.2% in 2012. In addition, the Spanish market contributed to 55.9% of Gas Natural Fenosa’s EBITDA, a 1.6% drop on last year figures.

Financial Times’ international editor criticises Spain’s stands on Catalonia’s separatism “in democratic Europe”

February 18, 2014 08:14 PM | ACN

In an article published on Tuesday in the prestigious ‘Financial Times’, the newspaper’s chief foreign affairs commentator, Gideon Rachman, deplored Madrid’s attitude towards Catalan independence claims, opposing it to the “peaceful” and “consensual” Scottish referendum process enabled by the British Government. The journalist underlined that “there are remarkably few examples of nations breaking up in a civilised way”, mentioning China’s relations with Taiwan, or Turkey’s attitude towards Kurdistan. “Even in democratic Europe, Spain is refusing to contemplate the idea of an independence referendum for Catalonia”, he added. London’s attitude regarding the Scottish case, on the other hand, should be viewed as “a model” for other separatist cases, recognising the UK as a union of nations and stressing the people’s right to decide.

Spain’s Supreme Court insists on making Spanish a language of instruction in Catalonia

February 18, 2014 07:52 PM | ACN

The Spanish Supreme Court has ruled against the Catalan school model again. The model, which is based on the linguistic immersion principle, has been in place since the mid-1980s and totally guarantees the pupils’ knowledge of both Spanish and Catalan at the end of their schooling period. On Monday the Court rejected an appeal lodged last year by the Catalan Government against a previous judgement that obliged a school to go against Catalonia’s Education Law and teach the entire class in Spanish following a single request from a little girl’s family, irrespective of the opinion of the other pupils’ families. This is another episode in a long series of judicial rulings, appeals and judgements against Catalonia’s school model and the Catalan language since 2010. Spanish nationalists, particularly Madrid-based media and the People’s Party (PP), have been attacking this model and the Catalan language for the last decade and a half, but recently they have managed to get the centralist judicial authorities to back them.

Manchester City FC vs FC Barcelona: Beauty and power

February 18, 2014 05:48 PM | Jordi Clos

City and Barça kick off the first leg of the Champions League Round of 16 at the Etihad this Tuesday evening (8:45 PM CET). Lots has been said about the tie against Manchester City since December, when the draw for the Champions League knock out round took place. It’s likely the most attractive match up of the round as the ambitious English project goes up against the consistency of the Catalans. The English side will feature in their first ever Champions League knock out round, while the Blaugrana have made it to the semi-finals for six consecutive years. The two teams share an enormous capacity for scoring goals and, with the arrival of Pellegrini to City’s bench, an inclination for attacking football.

El Taller de Músics school celebrates its 35th anniversary at the Palau de la Música

February 17, 2014 10:01 PM | ACN

One of Barcelona’s main cultural institutions celebrated its 35th anniversary last weekend. Barcelona’s contemporary music scene of the last 3 decades cannot be understood without El Taller de Músics school. For this reason, Santiago Auserón, la Mala Rodríguez & Refree, Cris Juanico, Miqui Puig, Andrea Motis & Joan Chamorro or the guitarist Biel Ballester are some the most prestigious artists who participated  in a tribute concert at the ‘Palau de la Música’ on Sunday. The famous Original Jazz Orquestra played throughout the evening, in an event that was also a vindication of a cultural project in times of economic crisis. Founded in 1979, El Taller de Músics is Barcelona’s most prestigious school for jazz, flamenco and fusion music. The school gives significant style freedom to its students and also organises numerous concerts.

Two employer associations reject Catalan President’s petition to support self-determination

February 17, 2014 08:24 PM | ACN

Spain’s confederation of employer associations, CEOE, and its Catalan member, Foment del Treball – the largest business organisation in Catalonia, have rejected getting involved in the self-determination process. On Friday, the President of the Catalan Government, Artur Mas, asked employers to get involved in all of Catalonia’s three main objectives: fostering the economic recovery, maintaining social cohesion and enabling Catalonia’s self-determination. On Monday, Madrid-based CEOE and Barcelona-based Foment, representing the business establishment at Spanish and Catalan level, answered Mas: they rejected “getting involved” although on previous occasions they have lobbied against independence and against self-determination. They asked for “dialogue” between Spanish and Catalan authorities. Additionally, Foment asked for a “fiscal agreement” for Catalonia.

Electronic music Sónar Reykjavik and Stockholm welcome over 12,000 visitors

February 17, 2014 07:45 PM | ACN

The international expansion of Barcelona-based festival of electronic music, Sónar, continues. The first edition of Sónar Stockholm and the second edition of Sónar Reykjavik have attracted more than 12,000 attendees between them this past weekend. Both festivals have welcomed Nordic and international artists who performed in over 100 concerts on eight different stages. In the Icelandic capital, the festival was held in the Harpa Auditorium, at the very centre of the city. A total number of 8,900 visitors attended at least one of the 70 concerts spread over five stages. On the other hand, 40 concerts were scheduled on three different stages during Sónar Stockholm, which attracted 3,600 people, with several concerts sold out weeks ahead.

FC Barcelona vs Rayo Vallecano: Champagne performance! (6-0)

February 16, 2014 12:24 PM | Jordi Clos

Three days ahead of their trip to Manchester, Barça put on a sparkling performance to reaffirm their top spot in the Spanish League with a 6-0 win over Rayo on Saturday evening. Adriano, Messi (2), Alexis, Pedro and Neymar scored the goals in the win. Two first half goals opened the door and after the break the chances and goals just kept coming. Rayo refused to park the bus though and despite the obvious gap in class between them and their hosts, the Madrid team stuck firm to their own attacking style and the game opened up with both teams playing the ball out from the back and pressing high up the pitch. Martino gave the crowd something else to cheer, bringing on Neymar after his month long injury lay off on 61 minutes.

Catalan President urges employers “to work together” on the economic recovery and self-determination process

February 14, 2014 08:19 PM | ACN

The President of the Catalan Government, Artur Mas, has called on employers “to work together” on 3 objectives: lifting the economy, ensuring social cohesion through Welfare State public policies and driving forward the political process on Catalonia’s future. On Friday, Mas addressed over a hundred major employers in Catalonia at the Tower Sabadell, during the presentation of the book Capitans d'indústria (which would read as ‘Captains of industry’), written by journalist Francesc Canosa and Farran. During the event, the President of Banc Sabadell, Josep Oliu, called for a “stable political environment” and “peace of mind” so that employers could “focus” all of their energy on their businesses.

Neymar Jr declared fit

February 14, 2014 07:52 PM

After 29 days, the Brazilian player has finally managed to put his ankle injury behind him. After getting injured against Getafe, Neymar has missed eight official matches. The Brazilian superstar has been training with the squad since Monday, but only today was it finally confirmed that he would be fit to play, if picked, against Rayo Vallecano at the Camp Nou on Saturday evening. Neymar has played 25 games this season, scoring 11 goals. During his time away from duty, Neymar Jr has celebrated his first birthday as a Barça player, visited the club museum and appeared on the cover of Japan’s ‘Zone’ magazine.

Insurance company VidaCaixa’s net profit drops by 46% to settle at €420 million

February 14, 2014 07:26 PM | ACN

In 2013, the consolidated net profit of VidaCaixa, the insurance branch of Spain’s largest bank CaixaBank, amounted to €420.1 million. The figure represents a 46.2% decrease on the previous year, when it had reached €789.5 million. This decrease is due to the effects of the reinsurance transaction on the company’s ‘vida-risc’ life insurance, which occurred in the last quarter of 2012, bringing in an extra income of €600 million back then. On the other hand, the net recurring profit for 2013 totalled €328.3 million, 3.1% less than the previous year. VidaCaixa has reached 3.6 million customers and exceeded €50 billion of assets under management, both figures amounting to a 14.1% increase on the previous year.

Judges say that Catalonia’s self-determination fits within the Spanish Constitution

February 14, 2014 03:33 PM | ACN

33 Catalan judges have signed a manifesto supporting Catalonia’s right to self-determination. The judges emphasise that such a right fits into the current constitutional framework and is in line with international law. Some of the signatories work in provincial High Courts and have been members of the body governing judicial power in Spain (CGPJ). It is the first time that Spanish State civil servants have made such a clear statement supporting the right of the Catalan people to decide freely on their collective future and their relation to Spain. Judicial power in Spain is totally centralised and has a deep centralist tradition. According to these law experts, “Catalonia is a nation”, “without discussion”, and therefore has “full sovereignty to decide on its own future”.

“The Catalan Government is older than the Spanish Constitution”, Mas replies to García-Margallo

February 13, 2014 10:01 PM | ACN

The Catalan Executive, chaired by Artur Mas, has published a 50-page memorandum in reply to the report issued by the Spanish Foreign Affairs Minister, José Manuel García-Margallo, in late December against Catalan independence. Margallo’s document claimed that independence was “immoral” and “not a democratic option”. The 200-page report was distributed to all Spain’s embassies as a list of arguments to be used to lobby against Catalan independence at international level. The memo was written in a condescending tone and included many judgemental opinions, half-truths, partial quotes and even lies. One of them was that Catalonia recovered its self-government institutions thanks to the Constitution, which is false. The Catalan Government has replied with its own memo and has asked the Spanish Foreign Affairs Ministry to distribute it to all the embassies as well.

Barcelona Chamber of Commerce President: Catalonia’s economy works better than Spain’s

February 13, 2014 08:01 PM | ACN

The President of Barcelona Chamber of Commerce, Miquel Valls, stated on Thursday that the independence process was not affecting Catalonia’s economic recovery. During a press conference, Valls emphasised that such a statement was based on concrete “facts”. He stressed that Catalonia had tripled the amount of incoming foreign investment compared to the Spanish average, and that the Catalan economy had also registered better figures in enterprise creation and business confidence, employment and other indicators showing an economic recovery According to the report on conjecture and economic perspectives, the Catalan GDP grew by 0.7% during the fourth quarter of 2013, whereas the Spanish GDP dropped by 0.1%. Valls also recalled that the consultation vote on the political future of Catalonia would involve “citizens and not businesses”, thus responding to the employers who recently voiced their opposition to Catalonia’s independence.

BASF distance themselves from the German employers’ manifesto against independence

February 13, 2014 07:44 PM | ACN

The German multinational BASF distanced themselves from the manifesto issued on Tuesday by 60 German businesspeople, including BASF CEO in Spain, against Catalan independence. BASF stated that they “will is to continue [their] activities in Catalonia”, as “proven” by their “more than €30 million investment” made in 2013. The manifesto against independence stated it would have “dreadful consequences” on the Catalan economy. BASF replied they “did not intend to influence or intervene in political debates”, adding that they “respect the laws of the countries in which [they] operate”. The German company “deeply” lamented, along with its CEO Erwin Rauhe, that the company’s name had been used in the presentation of the manifesto against independence, called ‘Declaration of Barcelona’.