Search: null

Spanish property prices dropped by 41.7% between 2006 and 2011

April 30, 2012 10:58 PM | CNA / Laura Quintana

A research study carried out by Barcelona’s Universitat Pompeu Fabra (UPF) has concluded that there is a constant trend of decline. Between 2006, when prices peaked, and the end of 2011 Spanish property prices have dropped by 41.7% as average. The coordinator of the study, José García-Montalvo, pointed out that there has been an accelerated fall from the second half of 2010 and the same period in 2011 when prices dropped 19.7% in Spain. García-Montalvo added that this trend would not change in the short or mid- term if the credit market does not recover.

Catalan pop band ‘Els Amics de les Arts’ are presenting their new album

April 30, 2012 09:03 PM | Violeta Gumà / Pau Cortina / Marta Lacima

“In a pop group there must be a balance between artistic creation and proximity to fans”, state ‘Els Amics de les Arts’, in an interview with ACN. They are one of the most successful Catalan music band at the moment. They have released a new album ‘Espècies per catalogar’ (it translates as ‘Species to be catalogued’) and they are returning on stage to present it.

Catalonia’s unemployment rate reaches 22.16% at the end of the first quarter

April 28, 2012 12:53 AM | CNA

Unemployment in Catalonia reaches a new historical record with 836.900 people registered as out of work. Spain’s unemployment rate at the end of March was 24.44%, reaching a total figure of 5,639,500 jobless people. The Spanish Vice President said on Friday that Spain is living “the harshest moments” of the crisis and that the data show that reforms need to be pursued. The Catalan Government criticised the Spanish Government for reducing the budget for employment policies by 56% due to be implemented in Catalonia in its budget proposal for 2012.

Barcelona Port becomes the largest oil logistics platform in the Mediterranean

April 27, 2012 11:58 PM | CNA

The Russian company Lukoil has reached an agreement with the Catalan company Meroil to build 13 new oil tanks at Barcelona Port, which are able to store 360,000 cubic metres. Furthermore, Barcelona Port is the only Mediterranean port ready to host the largest and deepest oil tankers. The Catalan President, Artur Mas, unveiled the infrastructure and emphasised Catalonia is strengthening its position as “Europe’s gateway for goods coming from Asia and North Africa”. He also noted Catalonia’s attractive position for foreign investment. Barcelona Port is linked by international width standard railway with Central Europe and has the Zona Franca logistics and industrial district next to it.

Guardiola to leave FC Barcelona on June 30th

April 27, 2012 08:02 PM | Jordi Clos / Vanessa Forns / Anna Segura

Tito Vilanova, Guardiola’s assistant, will take over and become Barça’s next Manager. Pep Guardiola has announced to FC Barcelona’s President and the squad that he will not be staying at FC Barcelona after June 30, when his present contract ends. Guardiola justified his decision is “worn out and empty” after 4 years being the coach of the best team in the world. He emphasised that Barça’s Manager needs to be full of energy and therefore, the best for the club is he stepping down. The club’s President expressed his “eternal gratitude” to Guardiola’s job.

Banc Sabadell earns €80 million in the first quarter of 2012 after reaching a solvency rate of 11.88%

April 27, 2012 12:17 AM | CNA

During the first quarter of the year, the Catalan bank placed €293 million in provisions to strengthen its financial position. Despite the provision, Banc Sabadell had a net profit of €80 million in the first 3 months of 2012, which represents a 5% decrease when compared to the same period last year. The CEO of Banc Sabadell said that creating a “bad bank” in Spain to manage real estate assets is “unnecessary”, as the Catalan bank is “self-sufficient” and is “satisfied” with the management of its own real estate assets.

“No government has done as much as Catalonia's to adjust the economic situation” affirms the Catalan President

April 26, 2012 10:03 PM | CNA

The Dutch newspaper NRC Handelsblad has published an interview with the President of the Catalan Government, Artur Mas. Mas states that “Catalonia’s intervention by Spain would be unthinkable” and “unfair, as no government has done as much as Catalonia's to adjust the economic situation”. Furthermore, he adds that “people’s reaction [against such an intervention] would be very strong”. NRC explains the austerity measures implemented by the Catalan Government to reduce its deficit, such as the drug prescription fee or public employee salary reduction. Furthermore, Mas complained that Spain’s Autonomies model has “decentralised spending but not revenue”; “we want to collect our taxes”, he affirmed, being another “state within a federal Europe”, contributing to regional solidarity.

Abertis to become world leader managing highways after integrating OHL’s business in Brazil and Chile

April 25, 2012 10:47 PM | CNA

The Barcelona-based multinational will manage more than 7,500 kilometres of toll highways worldwide and will increase the company’s annual turnover by €1 billion. The Catalan company Abertis will become the world’s leader in the highway management sector after adding OHL’s concessions in Brazil and Chile. In exchange, OHL would buy ACS’s shares in Abertis, which represent 10% of the Catalan company. The operation is not fully closed yet, pending to be approved by the respective boards, but it has already been officially announced.