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The Catalan Government’s budget for 2011 will have around a 2% deficit and will increase the share for healthcare, education and social services

April 30, 2011 02:11 AM | CNA / Gaspar Pericay Coll

The Catalan Minister for Finance Andreu Mas-Colell has unveiled the main guidelines for the budget proposal for 2011, which he said are shaped with “austerity, seriousness and credibility”. Public expenditure will be cut by 10%, although he warns that it is impossible to meet the 1.3% deficit objective, as it is a transition year and some revenues have not been paid. However, he insisted that the 2012, 2013 and 2014 objectives will be met. The Spanish Government warned that not meeting the deficit objective for 2011 is not an option. Mas-Colell also explained he has not included, not even as a pending revenue, the 1.45 billion euros for the Competitiveness Fund.

Barça present official complaint to UEFA about Mourinho's statements after the Champions League semi-final

April 29, 2011 12:58 PM | CNA

FC Barcelona will present an official complaint about the Real Madrid manager to UEFA’s Control and Disciplinary Body for what it considers “a violation of basic standards of behaviour”. The UEFA already decided to look on Wednesday's events. In the evening, it was known that Real Madrid also decided to file a complaint against Barça players for going against fair-play. The latter accusation seems quite surprising after having watched the game and Real Madrid's behaviour on and outside the pitch.

Catalan wine exports increased in 2010, but are still far from 2007 and 2008 levels

April 28, 2011 11:12 PM | CNA

According to a study released by the Spanish Observatory of the Wine Market, Catalan wine exports increased by 8.8% in 2010 in terms of revenue, but at a lower rate than other wine producing areas in Spain, with an average increase of 10%. However, foreign customers seem to appreciate the quality of Catalan wine, as its price increased by 3.6%, while the average Spanish wine price dropped by 4.9%.

The Spanish Government concludes that there will be no money from the Competitiveness Fund in 2011

April 28, 2011 07:06 PM | CNA / Gaspar Pericay Coll

Elena Salgado, the Spanish Vice President for Finance, wanted to end the debate and discarded transferring the 1.45 billion euros from the fund in 2011. This is the amount asked for by the Catalan Government. The Catalan Minister for Finance has been asking for “co-responsibility”. The same day, the Spanish Senate approved a motion asking the Spanish Government to pay this fund this year as it is its legal obligation. The Catalan Government prefers political dialogue than taking the issue to the courts, as suggested by the Catalan Socialist Party.

The Catalan and Spanish Governments disagree again over the 1.45 billion euros in the Competitiveness Fund

April 27, 2011 12:43 AM | CNA / Gaspar Pericay Coll

The Catalan Government received 3.2 billion euros last week from retail bonds, 0.5 billion euros more than the initial quantity released on the market. In addition, it will have to issue more debt and it needs the agreed money transfers from the Spanish Government. However, the Spanish Deputy Minister for Finance has rejected the request from the Catalan Government of 1.45 billion euros from the Competitiveness Fund and has warned Catalonia not to include that amount in this year’s budget. The Spokesperson for the Catalan Government accuses the Spanish Government of “acting as a defaulter”.