canada

Concern in the Ebro Delta over a series of small earthquakes allegedly due to a gas offshore platform

October 4, 2013 09:57 PM | ACN

A series of earthquakes measuring between 2 and 4.2 on the Richter scale have been affecting the coast of southernmost Catalonia and northernmost Valencia in the last few weeks but particularly since last weekend. All the evidence suggests that the Castor offshore gas reservoir is behind the earthquakes. In 2009, the Spanish Government approved the building of an underground gas reservoir located under the sea bed, some 20 kilometres offshore from the Ebro Delta and Vinarós, using the cavity in the rock from a former oil field. Madrid approved the project without an earthquake risk report, despite a formal petition from the Catalan Government. Now, geologists, the Spanish Industry Ministry and the company admit that the injection of gas into the rock could be triggering the earthquakes. Activities have been stopped and the Public Prosecutor’s Office is investigating the case.

Canadian payment systems company Transax to set up business in Barcelona's 22@ technological district

June 8, 2013 12:43 AM | CNA

The company working on creating mobile applications and payment systems will arrive in the Catalan capital in July. It will start by creating 75 direct jobs but its plans are to gradually increase staff figures. Transax will operate from Barcelona to Europe, the Middle East and Latin America. The Catalan Government’s Invest in Catalonia programme has facilitated the Canadian company’s arrival. Furthermore, the Catalan Business Minister emphasised that Catalonia was the European region that received the greatest direct foreign investment in 2012, according to a report by the Financial Times.

Catalan Grífols buys 60% of Progenika Biopharma and posts a net profit of €257 million

March 7, 2013 07:26 PM | CNA

The company, which is based in Greater Barcelona, is the world’s third leader in blood derivatives pharmaceutical products. Last year, it bought out its main competitor in the United States, Talecris. Grífols had a €2.62 billion turnover in 2012 and almost doubled its sales compared to the 2011 figures. The company’s net profit last year quadruples that of 2011. The good results are due to a significant reduction in debt levels and Grífols’ penetration into the United States market. Besides, this week it announced it bought for €37 million the 60% of Progenika Biopharma’s capital, a Basque biotechnology company specialised in the design of diagnostic tests.

“Madrid’s refusal to negotiate a fiscal agreement with Catalonia fuels support for independence”, says Québécois analyst

September 7, 2012 12:05 AM | CNA / Maria Fernández Noguera / David Tuxworth

The political scientist Alain Gagnon, from the Université du Québec à Montréal, believes that popular desire for secession is weaker in the francophone territory of Quebec than in Catalonia because Canada has agreed to remodel the fiscal redistribution scheme. He believes that Catalonia is closer than Quebec to becoming an independent state and considers that next Tuesday’s demonstrations on the Catalan National Day could “raise awareness of the situation between Catalonia and Spain at a European level”.

Abertis to become world leader managing highways after integrating OHL’s business in Brazil and Chile

April 25, 2012 10:47 PM | CNA

The Barcelona-based multinational will manage more than 7,500 kilometres of toll highways worldwide and will increase the company’s annual turnover by €1 billion. The Catalan company Abertis will become the world’s leader in the highway management sector after adding OHL’s concessions in Brazil and Chile. In exchange, OHL would buy ACS’s shares in Abertis, which represent 10% of the Catalan company. The operation is not fully closed yet, pending to be approved by the respective boards, but it has already been officially announced.