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CatalunyaBanc is put up for auction

April 12, 2012 10:53 PM | CNA

The bank created from Catalan savings bank CatalunyaCaixa is expected to be sold within the next two months. CatalunyaCaixa was intervened by the Bank of Spain last September 30th, as it could not reach the required core capital. The Spanish Fund for Orderly Bank Restructuring (FROB), owned by the Spanish State, currently owns 89.74% of CatalunyaBanc. The FROB has decided to disinvest in the Catalan bank, which starts a competition process that will sell 100% of CatalunyaBanc’s shares.

Twice the number of tourists from Ukraine to visit Catalonia in 2012

April 11, 2012 11:44 PM | CNA / Roger Segura

Tourism from Russia and former Soviet republics has been increasing in Catalonia over the last few years. The Russian tour operator Natalie Tours announced that it will bring 35,000 Ukrainian tourists to Spain, 80% them going to Catalan beaches and the rest to the Canary Islands. Within the next 5 years, the number of Ukrainian tourists is expected to reach half million people. Furthermore, the number of tourists from Eastern Europe is expected to increase between 35% and 40%.

The police would act against Rasquera’s cannabis plantation

April 11, 2012 11:07 PM | CNA

Rasquera, with less than one-thousand residents and located in southern Catalonia, approved on April 10th planting cannabis as part of their local economic reactivation plan through a citizen vote. The day after, Rasquera’s Mayor announced he will resign as his proposal did not reach 75% of the popular support. However, he said the plan will carry on. The Catalan Minister for Home Affairs affirmed that the police will report to the public attorney on any cannabis plantation, since they continue being illegal despite Rasquera’s vote. The Spanish Justice Minister thought that the initiative could have “more negative consequences in the long run” than “positive in the short term”.

Ángel Corella: “Barcelona Ballet will represent the city and the name of Catalonia worldwide”

April 11, 2012 09:14 PM | Pep Botey

CNA interviewed Ángel Corella, perhaps the best known face of ballet in Spain. Corella’s company is now established in the Catalan capital with a new name: ‘Barcelona Ballet’. Furthermore, Corella will manage a new international dancing school and residence in Figueres, a town in northern Catalonia. The school will train young talents aged between 11 and 18, aiming to feed the ‘Barcelona Ballet’ company. In an exclusive interview, Corella explains the reasons behind his recent moves and gives us the low-down on the situation of the dance industry in our country.

Madrid’s President alone in her push for recentralising Spain

April 11, 2012 01:45 AM | CNA / Gaspar Pericay Coll

Aguirre, President of Madrid's regional government, asked to return healthcare, justice administration and education powers, which are managed by the Autonomous Communities, back to the Central Government. Prime Minister Rajoy, the leader of the People’s Party (PP) –Aguirre’s party–, stated that a debate about the Autonomous Community model is “out of the question”. Furthermore the PP’s Catalan leader defended the current model, as Catalonia “exerts its self-government as established in the Constitution”. Besides, the Catalan President told Aguirre to return the powers she does not want to manage, but to leave Catalonia aside. He added that the current model was designed “to dilute Catalonia and the Basque Country’s self-governance claims”.

Alella DO, one of the oldest wine regions in Spain on Barcelona’s doorstep

April 10, 2012 08:32 PM | Klara Zitnanska

Alella offers a unique opportunity to enjoy a wine culture in vineyards just 15 kilometres from Barcelona. One of the smallest and oldest Spanish wine appellations (DO), it is perfectly situated on the Mediterranean coast, protected by the Litoral mountain range. The cellars organise numerous activities for wine tourists of all ages where you can learn how to taste wine, take part in the harvest, find a connection between chocolate and wine or just stroll through the vineyards.

The Catalan Council for Constitutional Guarantees states that the Spanish Labour Reform is unconstitutional

April 5, 2012 11:45 PM | CNA

This advisory body dependent on the Catalan Government affirms that two aspects of the Labour Reform Law, recently approved by the Spanish Government, go against the Spanish Constitution. Furthermore, the report also highlights three elements that invade the Catalan Government’s jurisdiction. The four Left-Wing Catalan parties that requested the assessment one month ago are pushing for the reform to be brought to the Constitutional Court. CiU, who runs the Catalan Government, hopes to modify these aspects through parliamentary negotiations.

CatalunyaCaixa to be put up for auction after Easter, announces the Spanish Economy Minister

April 5, 2012 07:52 PM | CNA

The Spanish Minister for the Economy, Luís de Guindos, wants to speed up the process and have the entire Spanish banking system restructured before the summer. The Spanish Minister also said that he is expecting further concentration processes of other financial entities to be announced in the coming weeks. CatalunyaCaixa’s banking business had a profit of €304 million, although the €1.5 billion provisions for the real estate business caused a €1.34 billion loss in 2011.