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The European Commission would include the Mediterranean Railway Corridor as an EU transport priority

October 5, 2011 09:19 PM | CNA / Gaspar Pericay Coll

According to some MEPs, the international-width high-speed railway corridor for freight and passengers along Spain’s Mediterranean coast that connects ports, industrial centres and tourist resorts would be included in the next priority map of European transport networks. The necessary infrastructural project for the EU economy would link Central and Northern Europe with Spain’s ports that trade directly with North Africa and Asia, enabling trains going non-stop on international-width railway. The EU would pay for 25% of its cost. The Central Corridor passing through Madrid, Zaragoza and the Central Pyrenees would fall from the list, as economic criteria are decisive in times of economic difficulties. However, the definitive list will be released on October 19th.

Vueling to offer 370,000 more seats through Barcelona Airport this winter

October 5, 2011 12:06 AM | CNA / Bertran Cazorla

The Catalan low cost airline, which is based in Barcelona, has announced new destinations from Barcelona, as well as an increase in frequency on other routes. Vueling’s President, Josep Piqué, presented the airline's latest news for next season. He also said that a low cost airline like Vueling is the only airline capable of stopping Ryanair’s expansion in Barcelona, in a clear reference to Spanair.

The worst September in 15 years, 16,282 more people registered as unemployed in Catalonia

October 5, 2011 12:03 AM | CNA / Gaspar Pericay Coll

September has been a bad month for employment over the last number of years, but this past September is the worst in the last 11 years. The Spanish Government has blamed the budget cuts undergone by the Autonomous Communities for the unemployment increase. The Spokesperson for the Catalan Government considers Madrid’s statements as “offensive” and “pitiful”, and he stressed that the Spanish Government had asked them to double their public spending cuts. He also added that the Spanish Government has not paid the money that it owes.

Budget reduction puts Catalan healthcare in the spotlight

October 4, 2011 03:23 PM | CNA

The Catalan Government is obliged to reduce the public deficit and the public healthcare system is also subsequently affected by the budget cuts. Doctor and nursing unions are mobilised, while salary reduction and temporary lay offs are being discussed. Waiting lists have increased due to some hospital services being partially and temporarily closed, especially during the summer months. Many citizens have been protesting, in different demonstrations. The Catalan Health Ministry announced new maximum waiting times for severe interventions. In addition, some hospitals are reopening some operating rooms.

Catalan economy grew by 0.7% from June 2010 to June 2011

October 4, 2011 12:17 AM | CNA

Catalan GDP grew by 0.7% during the second quarter of 2011 compared to the same period in 2010. However, in the first quarter it grew by 1.1%. The export sector continues being the Catalan economy’s engine, while internal demand fell. Catalan GDP grew by 0.2% from the first to the second quarter this year, the same rate than for the rest of the European Union. At the end of 2010, Catalan GDP represented 209.7 billion euros, more than Finland’s, Portugal’s or Venezuela’s.

The Catalan Parliament states the Spanish Constitution’s agreement is now broken after its reform

September 30, 2011 11:44 PM | CNA

The Debate on the State of the Nation ended at the Catalan Parliament with the approval of several resolutions. After three days of debate, the resolutions were voted on Friday. One of them condemns the way in which the Spanish Constitution amendment was negotiated and passed, as it did not take into account parties that participated in the Constitution drafting and approval, and it also interferes with the financial autonomy of Catalonia. Another motion demands the Catalan Government to present the budget for 2012 before October 10th next.

The Spanish State to control savings banks Unnim and CatalunyaCaixa

September 30, 2011 11:42 PM | CNA

After not having found the needed private investors to meet the required levels of core capital, the Bank of Spain’s Governor announced that the Spanish State would intervene in four savings banks, including two from Catalonia. The State will control 100% of Unnim and 90% of CatalunyaCaixa. Once the banks are streamlined, private investors will be offered shares. The European Commission has authorised the operation. Now, all Spain’s banks and savings banks have at least 8% core capital. Considering the global banking sector restructuring in Spain, the Spanish State has spent 19,000 million euros from the public finances.

CaixaBank buys Bankpime’s banking and fund management business

September 30, 2011 10:28 PM | CNA

Barcelona-based CaixaBank, the private bank of ‘La Caixa’, will pay 16 million euros for the purchase of both businesses. Bankpime is a bank for small and medium-sized companies. CaixaBank will control a total volume of 1,200 million euros. CaixaBank will buy Bankpime’s credit investment portfolio -which is worth 363 million euros-, the fund management business –with some 400 million euros traded, the 19 branches of the bank, and client deposits worth some 436 million euros.