Search: null

Barça vs Santos: the Gamper Trophy reclaims its traditional role as the season opener

August 2, 2013 03:19 PM | ACN

FC Barcelona home fans will have the first chance to see the team this season, after friendlies in Munich, Oslo and Gdansk. Neymar, one of the big draws for the game, will be set to face his ex-club. In addition, Barça’s new coach Tata Martino will speak to the crowd before the game along with captain Carles Puyol. Puyol will be one of the four squad players who will miss the game through injury, alongside Afellay, Cuenca and Tello. Furthermore, Barça’s legendary keeper Antoni Ramallets, who passed away earlier this week, will also be honoured before the game.

The Catalan Finance Minister points towards extending the 2012 budget for the whole of 2013

August 1, 2013 09:23 PM | ACN

“2013 is done. We now need to think about 2014”, summed up the Catalan Finance Minister, Andreu Mas-Colell, after finding out about the 1.58% deficit target imposed yesterday by the Spanish Executive. Mas-Colell considers this target to be “intolerable” since it “asphyxiates” Catalonia. The Catalan Executive was waiting to find out this figure to approve its definitive budget for the current year, but considering the low deficit target it is now considering extending the 2012 budget for the whole of 2013 – as it has been doing so up until now. The Catalan Government will make the final decision on the issue next Tuesday. Furthermore, Mas-Colell warned that a €1.7 billion budget adjustment will be needed in 2014 that will be required to increase one-off revenue since the Catalan Government “cannot spend less than in 2013”.

Catalan mobility and telecom company Abertis has sold London Luton Airport for €502 million

August 1, 2013 04:06 PM | ACN

Abertis has reported that they have sold London Luton Airport to a consortium made up of publicly-owned Spanish Airport Authority (AENA) – which will own 51% - and Axa Private Equity (49%). The deal is said to be worth €502 million. It was estimated that the asset would have brought in €141 million to the company’s revenue and €46 million to the EBITDA for 2013. The transaction is currently pending approval from the competition authorities, the Spanish Government and Luton Borough Council.  It is part of Abertis’s strategy to modify its portfolio in order to optimise its asset base. Abertis reported last week that it has also made an agreement with ACN & HAS Airports Worldwide for the sale of Stockholm Skavsta and Belfast International airports.

Grífols makes a profit of €182.2 million during the first half of 2013, an increase of 36.9% on last year

August 1, 2013 03:47 PM | ACN

The Catalan pharmaceutical company posted a net profit of €182.2 million between January and June 2013, which represents an increase of 36.9% on the same period of 2012. 92.1% of Grífols sales are made abroad and this figure has reached €1.27 billion, up from 6.2% on the first half of last year. Total turnover stood at €1.38 billion, a 4.9% increase. Furthermore, between April and June, the multinational based in Greater Barcelona obtained its highest ever quarterly sales in absolute terms, which reached €697.1 million and represented a 7.2% increase on the same period of 2012. Last year, Grífols bought out its main competitor in the US, Telecaris, which made the Catalan company one of the main pharmaceutical companies in North America, particularly in the blood-derivate products.

Catalan Banc Sabadell has made €1.27 billion from the sale of 7,700 properties during the first half of 2013

August 1, 2013 03:26 PM | ACN

The real estate subsidiary of Catalonia’s second largest financial entity, Solvia, increased sales by 56% compared to last year’s same period. The company posted its provisional results for the first half of the year, although it has decided to extend its seasonal sales campaign until the 15th of August due to the high demand. Banc Sabadell made €1.27 billion from the sale of 7,747 properties. The forecast for the whole year is to sell 16,000 properties. Statistics released by the bank show that 15% of buyers are non-resident foreigners while 33% purchase to invest.

The Spanish Government imposes a 1.58% deficit target for Catalonia and €2.6 billion of further budget cuts

July 31, 2013 11:38 PM | ACN

The Catalan Finance Minister, Andreu Mas-Colell, accuses the Spanish Government of “asphyxiating” the Autonomous Communities. The 1.58% deficit target imposed to the Catalan Government represents €2.6 billion of further budget adjustment compared to last year’s budget, which ended with a 1.96% deficit. Mas-Colell denounced that the Spanish Executive is “keeping for itself the greatest share of the deficit pie”, while it is only responsible for 50% of Spain’s public spending. The Spanish Government is setting itself a deficit target of 5.2% for 2013 and most of the flexibility allowed by the European Union, which authorised a 6.5% deficit for Spain’s total public sector. Meanwhile, the Autonomous Communities have a deficit target 4 times stricter, although they manage 36% of Spain’s total public spending as well as basic services such as healthcare and education.

Catalonia’s GDP grew by 0.1% during second quarter of 2013 according to Barcelona’s Chamber of Commerce

July 31, 2013 11:02 PM | ACN

Barcelona’s Chamber of Commerce has presented the results of the economic situation of Catalonia during the second quarter of the year. It is estimated that GDP rose by 0.1% on the second quarter, following 18 months of negative growth. President of the Chamber, Miquel Valls, attributes this increase to a new economic model based upon high levels of tourism and exportation, which has boosted activity in the industrial sector. Regarding outlook for the third quarter, the Chamber expects this growth to continue which will improve the business climate within Catalonia.

The Catalan President denies playing any part in the ‘Palau’ corruption case before a parliamentary committee

July 31, 2013 10:40 PM | ACN

Artur Mas, the President of the Catalan Government, challenged the opposition parties to present a vote of no-confidence if they want him to step down. Mas, who leads the Centre-Right Catalan Nationalist Coalition (CiU) and the Liberal party CDC, emphasised that CDC has been investigated “until the last millimetre” and the judge has not indicted any party leader or member of the Catalan Executive. He explained that the party’s finance management team and its political leadership have been separated since the late 1990s. The Catalan President insisted he believes in the word given by the party treasurer, who has been indicted by the judge. However, he guaranteed that, if the trial proves that CDC received any illegal money, the party “will return up to the last cent” and will take full responsibility for it. The opposition considered the explanations to be insufficient and demanded resignations if the corruption case is finally proven.

Lechia Gdansk vs FC Barcelona: Neymar makes debut as Barça draw in Poland (2-2)

July 31, 2013 02:27 PM | Jordi Clos

Barça drew away to a defiant Lechia side with goals from Sergi Roberto and Messi, both times to cancel out earlier efforts from the home side. July 30, 2013 is a date Barça fans will remember for two reasons. The first is a sad one, for one of the greatest players ever to represent FC Barcelona, Antoni Ramallets, passed away. A minute’s silence was respected in his honour in Gdansk, and the players wore black armbands. However, it was also the day Neymar, FC Barcelona’s new Brazilian star, made his first appearance for the team, playing 15 minutes in the friendly in Gdansk.

The Catalan Government approves its own municipal law and rejects that of the Spanish Executive

July 30, 2013 11:25 PM | ACN

The Catalan Government has reminded it has the exclusive powers to rule local governments in Catalonia, an authority which stems from the Catalan Statute of Autonomy approved by the Spanish Parliament and a binding referendum. Therefore, it does not recognise the Spanish Government’s law proposal on local governments, approved last week in Madrid, and will reject any imposition. The new Catalan law foresees the volunteer merging of municipalities and elimination of 1,034 remunerated positions in the County Councils. It also reshapes the body managing services within the Barcelona Metropolitan Area. Furthermore, it strengthens the control on the creation of new local bodies and the public services offered by municipalities.

The Catalan Government will ask the President of the Constitutional Court to be excluded from issues affecting Catalonia

July 30, 2013 11:11 PM | ACN

The new President of the Spanish Constitutional Court, Francisco Pérez de los Cobos, has turned out to be a member of the People’s Party (PP), which runs the Spanish Government. In addition, the expert in labour law had drafted several reports for the PP on several issues. On top of this, Pérez de los Cobos wrote a book with many sentences against Catalonia and Catalan citizens, amongst other controversial stances. According to the Catalan Government, this person cannot chair an institution that has to act as a referee between the different levels of government in Spain and that has to interpret the Constitution regarding very sensitive issues, such as Catalonia’s self-determination. For this reason, the Catalan Government demanded that Pérez de los Cobos be excluded from all the cases that involve the Catalan Executive.

Gas Natural Fenosa makes a €780 million profit during the fist half of 2013 and increases its MedGaz ownership

July 30, 2013 11:03 PM | ACN

Furthermore the Catalan multinational announced it was expanding its shares within the MedGaz pipeline to 14.9%, which is one of the five pipelines that transport Northern African gas to Europe. The natural gas company reported that its profit levels for the first half of this year have increased by 1.7% from 2012 to €780 million. The Catalan multinational company highlighted how this increase was the result of the international growth of the industry which counteracted the relative stagnation in the domestic market. Gas Natural Fenosa’s EBITDA was also up on last year and totalled €2.63 billion, representing an increase of 2.9% compared to the same period last year.

The Catalan Government to appeal the Supreme Court to defend the allocation of Barcelona’s water supply to Acciona

July 30, 2013 10:38 PM | ACN

In March of this year the Catalan Supreme Court (TSJC) cancelled the Catalan Government’s allocation of the publicly-owned Aigües Ter-Llobregat (ATLL) – which supplies water to the 5 million people of Greater Barcelona – to the joint venture led by Acciona and including the Brazilian investment bank BTG Pactual. The Government presented an appeal but the TSJC confirmed on the 19th July its previous decision. Now, the Catalan Government has decided to take the issue to Spain’s highest court to defend the allocation. The Government is convinced the tender process was done correctly, but the other main contender, Agbar, states the opposite. In addition, a Catalan Government’s internal body overlooking public tenders stated that Acciona’s offer should not have won.

Barcelona’s Grec performing arts festival is to end with more than 119,000 spectators viewing 87 shows

July 30, 2013 09:33 PM | ACN

The 37th annual Grec Festival is to close on Wednesday with an expected increase of 1,000 tickets sold compared to last year’s edition. Festival Director, Ramon Simó, assured that the festival has been a success and that ticket targets have been achieved. With regards to the attendance by genre, theatre events were the most popular with 38,878 viewers watching 40 shows (at 44% capacity). 14,362 people watched 14 live concerts (63% capacity), 10,652 spectators watched the 8 dance shows on offer (70% capacity), while the 4 circus productions received 5,574 viewers (86% capacity). The average attendance to the festival was 52%, which considering the crisis in the performing arts sector is a significant figure according to Simó.