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CaixaBank has a net profit of 845 million euros for the first 9 months of 2011

November 4, 2011 10:44 PM | CNA

The main Catalan bank allocated 1.953 billion euros for insolvencies and raised its core capital to 11.8%, 2.9 percentage points more than the ratio it had in December 2010. These operations made their net profit decrease by 16.6% compared to the previous year. Besides, CaixaBank announced that Mexican billionaire Carlos Slim will quit its board to rejoin that of the bank’s industrial holding ‘Criteria CaixaHolding’. Slim’s seat will be occupied by former Chairman of Citigroup and the New York Stock Exchange John S. Reed.

Tourist buses to park away from the Sagrada Família due to congestion in the area

November 4, 2011 10:30 PM | CNA

Barcelona’s City Council announced that tourist buses will not be able to access the adjacent streets of the famous Sagrada Família Basilica. The reason: in the last few months there have been too many buses and they have been congesting the church surroundings, creating problems. The church, designed by well-known Catalan architect Antoni Gaudí, will welcome 900.000 more visitors this year compared to 2010, which means 3.2 million people will visit the Sagrada Família in 2011.

Spain’s official electoral campaign kicks off with Catalonia in the spotlight

November 4, 2011 12:05 AM | CNA / Gaspar Pericay Coll

According to polls, Catalonia might be essential to ensure the absolute majority to the People’s Party (PP) or to save the Spanish Socialist Party (PSOE) from getting its worst results ever. The Socialists risk loosing more than a third of its seats in Catalonia while the PP, far from winning in Catalonia, could get its best results. Catalan nationalists ‘Convergència i Unió’, who are the third largest group in the Spanish Parliament, could win the elections in Catalonia, ending the ten Socialist Party victories in a row in these elections.

Perejaume’s final two decades of painting and sculpture on show in Barcelona

November 3, 2011 03:11 PM | CNA / Margalida Amengual / Sara Gomez

Perajaume is one of the main Catalan artists of our time, part of a generation that is already gaining a lot of international recognition, with artist’s such as Jaume Plensa. Perajaume is known for his landscape visual poetry, expressing the excess of the current times and exhorting the return to natural roots. The exhibition is not a conventional retrospective, but instead a “programmatic proclamation”, an element of reflection on the function, the limits and the fate of art when opposed to excess.

Catalonia to have a quality certificate for real estate properties

November 2, 2011 10:48 PM | CNA / Rafa Garrido

With this label, foreign house buyers can be 100% sure that the new bought property fulfils all the quality and town planning regulations. The Catalan Minister for Territory and Sustainability, in charge of Housing, Lluís Recoder, announced the creation of an official label recognising the “quality of real estate”, in order to offer more legal safety and guarantees to consumers. Recoder hopes this certificate will help the sector, as consumers will be in a safe framework, from a juridical point of view.

World pioneering foetal surgery against spina bifida successfully undergone in a Catalan hospital

November 2, 2011 09:58 PM | CNA / Maria Bélmez

For the first time in the world, a foetus having the spina bifida congenital disorder went through a new intra-uterus surgery technique. A medical team from Barcelona’s Vall d’Hebron Hospital operated on the foetus in its 24th week by placing a biological fabric on the spinal cord, in order to protect it from amniotic liquid and to ease the gap’s closing. The baby is now five months old and doctors are confident she may walk without any problems.

Spielberg to produce the remake of the Catalan public television series ‘Polseres vermelles’ for American network ABC

October 29, 2011 12:09 AM | CNA

Steven Spielberg has bought the rights to adapt a series produced and broadcast by Catalonia’s public TV station. The American name will be ‘The Red Band Society’ and Marta Kauffman, creator of ‘Friends’, might be in charge of the script. The main characters in the series are a group of teenagers with cancer, who develop a friendship and explore their imagination in hospital. ‘Polseres vermelles’ was a huge success on Catalan television and the second season is in production.

Unemployment reaches 742,000 in Catalonia at the end of September, representing a rate of 19.43%

October 29, 2011 12:05 AM | CNA

The Catalan Government considered the figures “worrying” but puts them to a “complicated” financial situation that has provoked an economic uncertainty. On Tuesday, the Government announced an action plan to reduce unemployment in the short term. In Spain, there are almost 5 million unemployed people, which represents an unemployment rate of 21.52%. Lleida has Spain’s lowest unemployment rate, set at 13.02%.

Spanish banks will use their own resources to get the 26,121 million euros needed according to the new rules

October 27, 2011 11:43 PM | CNA

The Spanish stock exchange celebrated the European Summit’s results by increasing 4.96% in a one day of trading. The main managers of the Spanish banks are convinced they will get the requested core capital with their own resources. In addition, they believe they will need 13.5 billion euros, and not 26.1 once the detailed calculations are made. Spanish financial circles consider the new rules, adopted to counteract French and German banks’ exposition to Greek sovereign debt, do not particularly benefit Spanish banks, which almost do not hold any Greek debt. In addition, as was the case with the stress tests, the criteria to analyse the bank situation ignores Spain’s proposals and imposes those benefiting German banks.