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In a situation of difficult access to credit by Catalan and Spanish companies, Barcelona’s Chamber of Commerce and the main Spanish bank – which is based in the Catalan capital – have agreed to open a new credit line for the 25,000 private companies (small, medium-sized and large) and independent workers affiliated to the Chamber’s ‘Club Cambra’. In January 2012 they created the first credit fund with €2 billion. Now, a total of €3 billion will be available, of which €1 billion will be for internationalisation projects. CaixaBank’s President, Isidre Fainé, and the President of the Chamber, Miquel Valls, signed the new agreement on Wednesday.

Car dealers are satisfied with this year’s Motor Show as several brands posted solid sales balances. However, some visitors were disappointed as major car manufacturers were absent, attendants were not very enthusiastic about the worldwide premiers and there was a lack of glamour. Driving simulators and luxury-car payment tours were the main alternative for those who wanted something other than the regular exhibition. The organisers are optimistic and aim to restore the splendour of past shows as the economic situation improves and Barcelona becomes a more important city for motor events.

The independent music event held in Barcelona occupies 20,000 square metres, has a budget increase of 7% (reaching 7.5 million euros) and an estimated public of 150,000 only on its main stage, the Parc del Fòrum. Nick Cave, Animal Collective, Blur or My Bloody Valentine are just some of the leading indie figures to play in the Catalan capital between the 22nd and the 26th of May.

The rain that fell on the Catalan capital did not tarnish the first X-Games held in Barcelona, although it did cause a headache for the organisers, who had to juggle with competition schedules and even cancel the RallyCross and Moto X Freestyle competitions. 114,600 people attended the event in total, crowding out the venues in which the different competitions were held.

On Tuesday, the Catalan Government posted the so-called fiscal balances for 2010, showing the difference between the money paid by Catalans in taxes and fees to the Spanish Government and what comes back in form of funds, services and infrastructure. Using the monetary flow formula, Catalonia had a fiscal deficit of €16.54 billion, representing 8.5% of its GDP. Using the benefit formula, the fiscal deficit represents 5.8% of the Catalan GDP (€11.26 billion). The Catalan Finance Minister, Andreu Mas-Colell, stated that both formulas “are complementary” but he found the monetary flow one to be closer to the reality. The figures are similar to the results from previous years as well as to the study published in 2008 by the Spanish Finance Ministry with data from 2005. In the last 25 years, Catalonia has given away 8.1% of its GDP each year.

In addition, in 2012, the Catalan capital was the world’s 5th best ranked city in the area of life quality and urban prosperity, after Tokyo, Stockholm, Paris and Oslo. Barcelona was also among the international centres regarding tourist figures, being the 4th European city which receives the highest number of foreign tourists. It is also the second best city in Europe for shopping and it is among the best in Europe for doing business, after gaining competitiveness by reducing life costs. Barcelona is the 13th world city in global competitiveness, the 12th in the number of foreign investment projects and the 10th in scientific production. Furthermore, it is the only European city with 2 business schools ranked among the continent’s top ten (IESE and ESADE).

For the first time in its history, FC Barcelona will be wearing an away kit based on the red and yellow Catalan flag – the ‘senyera’. FC Barcelona and Nike presented Barça’s new first team’s kit on Tuesday morning, which include the traditional blue and claret stripes in a modern design which sees the stripes peter off on the sleeves. Furthermore shorts will be blue for the main outfit and red for the away kit.

A goal from Pedro and an own goal by Marc Valiente gave Barça the win that takes them to 94 points. Nothing can stop Barça in the Spanish League this season. Tito Vilanova’s men chalked up another win at the Camp Nou on Sunday night, seeing off Valladolid in what proved to be quite a tricky game.

The Spanish Government has approved its Education Reform, which aims to make Spanish a teaching language in Catalonia and reduces the Autonomous Communities’ power to manage their education system. The new law states the Spanish Government is to decide on the curricula of the main subjects, such as History. In addition, tests will be set at the end of the schoolstages and their contents will be exclusively decided from Madrid. Since the tests will be the same for the whole of Spain, items regarding Catalan culture, geography or history will not enter into the final examinations. The Catalan Education Minister, Irene Rigau, considered the law to be “pre-democratic” and “re-centralist”. She also stated that “it is impossible to honour it in Catalonia”, since privately-owned schools teach in Catalan and the law goes against the Catalan Statute of Autonomy (Catalonia’s main law).

Between this Friday and Sunday, 17 cruisers will pass through the Port of Barcelona, which is the largest number of boats arriving at the Catalan harbour in a single weekend this year. The boats are transporting 64,000 passengers who will be spending 61 euros per day per person if they are just passing by or 114 euros if they are starting or ending their trip in Barcelona. In addition, the ships’ crews will be spending an average of 30 euros per person. Barcelona will end 2013 with a total of 2.6 million cruise passengers having passed through its harbour, close to the overall record from 2011. Barcelona is the world’s fourth largest harbour for cruise ships.

The vaccine works by re-introducing immune system cells, which have previously been extracted and modified, in order to avoid the destruction of beta cells, which are those producing insulin. The vaccine has been developed by researchers from the Germans Trias Hospital in Badalona, in Greater Barcelona. Furthermore, in February, another group of Catalan scientists announced the cure of Type 1 Diabetes in two dogs, which is the first time this has been successful in large animals. In the last few years, Catalonia and especially Greater Barcelona have become a world centre within the biomedicine sector.

María de los Llanos de Luna, from the People’s Party (PP), gave a diploma to a brotherhood of the ‘Divisón Azul’, a division of Spanish volunteers who fought in the Nazi army during the Second World War. De Luna is the top representative of the Spanish Government in Catalonia and she is known for her Spanish nationalism and anti-Catalan identity stance. The news has outraged the rest of the Catalan political parties, who have asked for her immediate resignation. Furthermore, the 12 members of the brotherhood which received the diploma were wearing the Falange uniform, which was the only party allowed during Franco’s Fascist dictatorship. Neither the PP nor the Spanish Government have commented on the news or the resignation demands.

Between January and March, the Catalan Government had a budget deficit of €411 million, representing 0.21% of Catalonia’s GDP. The definitive deficit target for 2013 for each Autonomous Community has not been set by the Spanish Government yet. Madrid set a 1.2% target a few weeks ago but everybody assumes it will be raised as negotiations are on-going with the Catalan Government. Rumours indicate that Catalonia’s deficit target may finally be set at around 1.8%. The Autonomous Communities posted a total public deficit of €1.24 billion at the end of the first quarter, corresponding to 0.12% of Spain’s GDP. According to the Spanish Deputy Minister for Budget, the figure represents half the deficit posted in the same period last year.

The Catalan capital is ready to celebrate the first X-Games on European soil. The event, which is being held from May 16th to the 19th, is expected to host 120,000 spectators that will generate an income of 40 million euros for the city of Barcelona. Among international stars like stunt performer Travis Pastrana, the BMX rider Kevin Robinson or the skater Paul Rodríguez, toplevel Catalan stars like rally competitor Nani Roma or the Moto X riders Laia Sanz and Edgar Torronteres will also be present.

As it was announced on Monday, the Catalan Government has adapted its budget extension guidelines to a higher deficit target, while it is waiting to find out the definitive deficit target decided by the Spanish Government. Since the elections were held in November, it was the new Catalan Government’s responsibility to draft the budget for 2013. However, the budget has not been presented since the Catalan Government disagrees with the deficit target imposed by the Spanish Government and it is negotiating for its reduction. Meanwhile, it is operating with an extension of the 2012 guidelines, a procedure run by a series of strict guidelines. The guidelines included the 0.7% deficit target initially allowed for this year, which have obliged the Catalan Government services to implement severe spending limitations in the first months of the year. Most of the opposition criticised not debating the new guidelines.