Search: null

The Catalan bank was nationalised in 2012 and is going through an important restructuring process before being privatised again. Currently, the financial entity is owned by the FROB (Fund for Orderly Bank Restructuring), which is run by the Bank of Spain and the Spanish Government. The FROB has been delaying the auction to sell CatalunyaBanc and is now proposing to layoff 2,453 workers of the bank and its subsidiaries, according to trade unions. This would represent firing some 34% of its staff. The company is proposing a compensation of 20 days worth of salary per year worked for those it plans to layoff, following the labour market reform, with a maximum of the equivalent to 12 months salary being given. CatalunyaBanc ended the first half of 2013 with a net profit of €183 million, after having transferred part of its real estate toxic assets to the so-called “bad bank” SAREB.

Catalonia’s main SME association PIMEC and the Catalan Business Circle (CCN) have criticised the regional Government of Madrid for issuing a report not sufficiently backed-up by economic data. In addition, they have accused Madrid’s Finance Minister, who presented the report, of offering a politically-biased version by saying that companies have left Catalonia due to the self-determination debate. PIMEC and CCN stated they do not have data supporting Madrid’s statement. On the contrary, they have data proving that foreign investment has not reduced. In addition, CCN accused the Spanish Government of building a “Greater Madrid” as an economic centre, at the expense of other areas such as Catalonia. PIMEC emphasised the Catalan industrial tradition and the vigour of its economy, although admitted that taxation is higher in Catalonia than in Madrid.

Next March, L’Escolania de Montserrat, one of the oldest music schools in Europe and one of the most famous children’s choirs, will carry out its first ever tour in the United States. On the 13^th, 14^th and 16^th of March 2014 the choir will sing in concerts in the cities of New York, New Jersey and Washington, respectively. Following this landmark tour they will continue to offer performances throughout Catalonia and then they will begin the recording of their new album. The last time the choir group sang in the Americas was in January 2004 when they played in Puerto Rico. L’Escolania de Montserrat is based in the Benedictine abbey of Santa Maria de Montserrat, located in the centre of Catalonia, and has produced many prevalent composers and performers down the years.

In the last three years, 1,060 companies have moved their headquarters from Catalonia to the region of Madrid, according to a report published by Madrid’s regional Government. The report states that most of them took the decision because of the lower taxes that exist in Spain’s capital, compared to other areas such as Catalonia. Since 2010, 5,000 companies based in the rest of Spain decided to move to Madrid; 21.4% of them were from Catalonia. Paradoxically, 43 cents out of every euro paid in taxes in Catalonia is to pay for investments and services made in other parts of Spain, which turns into an annual fiscal deficit of 8.5% of Catalonia’s GDP, meaning that Catalans are obliged by the Spanish Government to give away €16.5 billion. Meanwhile, the Catalan Government is under-budgeted and obliged to implement severe budget cuts and raise taxes to balance the budget.

The archaeological site known as Abric Romaní is currently being excavated for the 31^st year in order to continue documenting and understanding how Neanderthals lived and organised communities in the north-eastern Iberian Peninsula. The archaeologist, palaeontologist and Director of excavations, Eudald Carbonell, has explained to the CNA that this campaign will be “very interesting” as the dig will be in the level corresponding to the time when the Neanderthals lived “their maximum expansion period”. Carbonell, who is one of the directors of Atapuerca site (where the Homo Antecessor was discovered), leads a team of 20 including research staff and doctoral students. The site is located some 50 kilometres west of Barcelona city and is open for the public to visit.

FC Barcelona will contribute 30,000 euros to subsidise part of the cost of extending the metro’s operational hours in order to guarantee public transport to and from the Camp Nou for the Spanish Super Cup featuring Barça and Atlético Madrid. The football match will start at 11pm on Wednesday 28th August and will not finish until 1am. Barcelona’s underground transportation ends at midnight on weeknights and the Mayor had requested the Spanish Football federation (RFFE) to reschedule the match to an earlier time. However the RFFE refused and Barcelona’s Mayor, Xavier Trias, warned that they would not prolong the metro’s operational hours, with each extra hour costing around 30,000 euros.

Held in UNESCO’s World Heritage Poblet Monastery, the first edition of the Festival of Ancient Music was a sell-out, and will have a second edition next year, according to the organisers. The Festival was launched by the Catalan conductor, interpreter, composer and researcher Jordi Savall, who in 2012 received the Léonie Sonning Prize, considered Music’s equivalent of the ‘Nobel Prize’. The event aimed “to compensate” for the lack of such music festivals in southern Catalonia and also to honour the memory of soprano Montserrat Figueras, who died in November 2011. Figueras was one of the greatest vocalists and experts in Early Music and Savall’s life partner. The first edition of Poblet Festival included 3 concerts by Jordi Savall, all played within the monastery’s church, which is the location of the most of the tombs of the old Catalan kings.

Tata Martino’s Barça has exploded into the Spanish League campaign with a stunning recital of football and goals. A sublime performance.  The players followed the roadmap laid down by the new Argentinean coach during his first few days: possession, moving the ball swiftly, pressure up field and verticality in recovery. Levante was so overwhelmed in the Camp Nou that after just 25 minutes they were already losing 4-0.  And 6-0 at halftime. A record. Barça dominated the entire 90 minutes and swept to victory with goals from Alexis, Messi (2), Alves, Pedro (2) and Xavi.

Barcelona’s famous annual street festival, ‘Festa Major de Gràcia’ kicked-off on Wednesday evening with streets intricately decorated by neighbours and live music being played well in to the night. The event, in its 197^th year, draws an estimated 1.5 million visitors and has activities for all ages including: firework displays, ‘castellers’ - Catalan human towers, decorated streets and open air concerts taking place in 47 stages. It was traditionally a religious festival for locals of the neighbourhood, but for the last five decades it has become popular with Catalonians. Furthermore, in recent years, foreigners have also discovered it. Each year the festival begins on the 15^th of August and lasts for six days.

The airline group formed by British Airways and Iberia, IAG, announced it will buy up to 220 new Airbus 320 between 2015 and 2020, 120 of which will be for the recently-purchased Catalan company Vueling. IAG bought the Barcelona-based airline last spring and the operation was authorised in July by the competition authorities. Vueling is currently one of the few profitable airlines in Europe, with a business model evolving from a low-cost airline but offering business services and flying to the main airports in Europe. In fact, the company links Barcelona El Prat with 104 destinations (in Europe, the Middle-East, Russia and Africa) and it has operation bases in Madrid, Paris and Amsterdam, among others. Last July, Vueling increased its number of transported passengers by 18% and flights by 13% on July 2012 figures.

FC Barcelona’s 2013/14 Liga campaign begins on Sunday, playing at home in the Camp Nou (19pm CET) in a match against Levante. Barça have won 14 of their last 20 Liga openers and there are plenty of reasons to feel confident that Barça will get off to another positive start. Last season, in Tito Vilanova’s first game in charge, Barça stormed to 5-1 victory against Real Sociedad. Puyol, Messi (2), Pedro and Villa got the goals that night.

This Wednesday, the world premier of the chamber opera ‘Wow!’ takes place at the Festival of Peralada Castle, located in northern Catalonia’s Costa Brava. The libretto is inspired by texts written by Oscar Wilde and Walt Whitman, building a relationship between the two poets. The opera will be staged in the cloister of El Carme Church in Peralada, which has a capacity of 400 people. The play is structured in a single act with a prologue and four scenes. It explores the themes of dreaming, death, ascension and immortality. The score and the text are the work of Catalan composer García Demestres, while the stage director is Xavier Albertí, who is the new Director of the National Theatre of Catalonia (TNC).

The multinational energy company has confirmed it will continue operating in Panama for at least 15 more years through its subsidiary companies Edernet and Edechi, which control 65% of the country’s electricity market, supplying more than 500,000 clients. Gas Natural Fenosa owns 51% of both Edernet and Edechi, while the rest of the shares are controlled by Panama’s Government. The Catalan multinational entered Panama in 1998. According to Gas Natural Fenosa, it has invested more than €400 million to strengthen the electric power network of the Central American country and it foresees an additional investment of €230 million within the next 4 years.

This summer, electronic music fans have the chance to enjoy a weekly music festival in Barcelona with renowned DJs such as Richie Hawtin, Joy Orbison, Claude Vonstroke and M.A.N.D.Y playing in a hillside park to thousands of attendees. The event, in its second year, takes place on Sunday afternoons 15 times during the summer in Barcelona’s Joan Brossa gardens with spectacular views over the city. The average attendance of each session is 2,500, “creating an intimate atmosphere”, according event organiser Jordi Ventura. “We have a loyal fan base, with the majority of attendees returning again and again because they enjoy it so much” he told the CNA.

According to a figures released by the Spanish Institute of Statistics (INE), Catalonia’s annual inflation rate fell from 2.6% to 2.1% between June and July. This is the second lowest annual inflation rate that Catalonia has experienced this year, with the lowest being during April when the figure was 1.8%. July’s annual inflation rate in Catalonia is higher than that of the whole of Spain, which is set at 1.8%. The main reason for this fall on last year’s results can be explained because of the lower rate of increases in electricity prices (compared to last year’s rise), as well as the end of the statistical effect of the pharmaceutical co-payment, which was implemented in July 2012 and significantly raised the consumer price of drugs.