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The Catalan Government is preparing the release of 3,800 million euros in retail bonds

September 15, 2011 11:25 PM | CNA

As carried out on two other occasions in the last year, the Catalan Government is preparing to release of 3,800 retail bonds to get cash. Financial sources informed ACN about the operation, which has not been confirmed by the Catalan Ministry of Economy. The bonds would be offered before November 21st, the day that the bonds issued by the former Catalan Government in autumn 2010 expire.

The Catalan Supreme Court halts the two month deadline to include Spanish as a school language of instruction

September 15, 2011 11:19 PM | CNA

The Catalan Government appealed the order of the Catalan Supreme Court, which insisted that the Catalan school system should be modified in order to comply with the Spanish Supreme Court’s sentence from last December to include Spanish as language of instruction. With the Government’s appeal, the Court’s deadline is automatically suspended, until the Court decides on the appeal. The appeal is based on two sentences from the Spanish Constitutional Court validating the Catalan school model, as well as on the linguistic immersion principle which guarantees social cohesion and equal opportunities.

Fitch lowers Catalonia’s debt rating despite recognising the efforts to reduce the public deficit

September 14, 2011 11:37 PM | CNA / Gaspar Pericay Coll

The rating agency Fitch reduced Catalonia’s long term debt’s appreciation, going from A to A- because of the expected weak economic growth. Nevertheless, Fitch recognised the efforts to reduce the public deficit carried out by the Catalan Government. Fitch has lowered the debt rating of five Spanish Autonomous Communities and given others a negative perspective for the future. The Catalan Ministry of Finance thought that the reduction is due to “the international situation” and stressed that efforts are already made.

Catalan film ‘Pa negre’ pre-selected to represent Spain at the Oscars

September 14, 2011 09:28 PM | CNA / Gaspar Pericay Coll

‘Pa negre’ (Black Bread), directed by Agustí Villaronga and shot entirely in Catalan, was the main winner of the last Spanish film awards surprising everyone. Now it has been pre-selected together with Pedro Almodóvar’s latest movie ‘La piel que habito’ ('The Skin I Live In') and Benito Zambrano’s ‘La voz dormida’ (The Sleeping Voice). The film that will represent Spain will be known on September 28th.

The Spanish Parliament supports the current Catalan school model

September 14, 2011 05:28 PM | CNA

A parliamentary motion has been approved, backing the Catalan linguistic immersion model at public schools. It was approved with the votes of all of the parliamentary groups except those from the People’s Party (PP) and the Unión Progreso y Democracia (UPyD). The motion received 192 “yes” votes and 148 “no” ones. It is the Spanish Parliament’s answer to the controversy over Spanish as language of instruction in Catalan public schools.