catalan way

Barcelona-born photographer Joan Fontcuberta presents his first major exhibition in the UK, ‘Stranger than Fiction’, which represents an overview of 30 years of his artistic work on nature photography. It opened on Wednesday at London’s Science Museum's Media Space and will be running until the 9^th of November. The six-part collection of pictures and artefacts aims to examine the presumed reliability of photography and shake the viewer's consciousness by mixing fact with fiction, science with art, and persuasive storytelling with a deep questioning. After London, the exhibition will travel to the National Media Museum in Bradford (northern England) from the 19^th of November 2014 to the 8^th of February 2015.

On Tuesday, the Spanish Finance Minister, Cristóbal Montoro, rejected to review the funding scheme of the Autonomous Communities to grant them more resources, despite the fact that the Catalan Government is under-budgeted. On Wednesday, the Spanish Finance Ministry downplayed Catalonia's fiscal deficit by issuing the so-called fiscal balances, which calculate the inter-territorial fiscal transfers, posting a significantly low Catalan contribution. According to the Spanish Government's new calculations, Catalonia gave away €8.46 billion in 2011, representing 4.35% of its GDP. The figure is significantly lower than the Catalan Government's calculations: €15.01 billion and €11.09 billion, using two complementary methodologies used by the Spanish Executive in 2008 and agreed among independent university experts.

The governments of Catalonia, the Basque Country, Andalusia, Asturias and the Canaries have spoken out against the Spanish Executive's draft bill on the Protection of the Life of the Unborn and the Rights of the Pregnant Woman, presented in December 2013. This legislative reform, which still has to be approved in Parliament, aims to restrict the right of abortion only to cases of rape, incest or when the mother´s health is at serious risk. The reform of the People's Party (PP) is far more conservative than the previous laws from 2010 and 1985. It has raised a paramount opposition throughout Spanish society and also at European level. Catalonia and the 4 other Autonomous Communities that are not run by the PP presented this week a formal request to discuss this reform, as the Spanish Executive rejects talking about it with other parties and regional governments.

The much awaited meeting between the Spanish Prime Minister, Mariano Rajoy, and the President of the Catalan Government, Artur Mas, has finally been announced for Wednesday 30^th of July at 11am, after both politicians have stated during several months that they were open to talk. In the meeting they will discuss the institutional and social affairs related to the economic crisis, but they should also talk about the organisation of a self-determination vote in Catalonia. However, Rajoy has rejected to talk about it, as he considers it "an absurd" debate, despite the fact that 80% of Catalans want to hold such a vote and it is the main topic in Catalonia's political agenda, and probably in Spain's as well. Besides, on Monday 28^th of July, Rajoy will meet Pedro Sánchez, the new Secretary General of the Spanish Socialist Party (PSOE), who is also against Catalonia's self-determination and offered his will to reach agreements on "the territorial model".

Catalonia received 1,677,679 foreign tourists in June, an increase of 2.4% compared with the same month in 2013. The combined number of foreigners who visited the Autonomous Community in the first half of this year reached 7.129 million, which is an increase of 6.7% and sets a historic new record for the number of foreign visitors passing through Catalonia. This good performance has been shared throughout Spain, as it hosted 28 million foreign tourists in the first half of 2014, marking a new record.

BBVA will pay €1.187 billion to the Fund for Orderly Bank Restructuring (FROB) for the nationalised Catalan bank, beating the other two offers in the final phase of the auction process presented by Santander and Barcelona-based CaixaBank. This means that Spanish taxpayers will lose €11.84 billion considering guarantees and due to the fact that the Spanish Government injected €12.622 billion into Catalunya Banc since it was nationalised in 2011. Catalunya Banc was a private bank owned by CatalunyaCaixa, the merger of three historical Catalan savings banks (Catalunya, Tarragona and Manresa). It could not face the deep restructuring process required to meet the new banking regulations. The bank had a weak financial position resulting from a high exposition to toxic real estate and mortgages assets, as well as suffering from poor management. The BBVA will become the second largest bank operating in Catalonia, doubling its past position.

Josep Antoni Duran i Lleida, who was the Secretary General of the centre-right pro-Catalan State two-party coalition CiU, quit his post on Monday in the middle of the tensions for the self-determination vote and Catalonia's potential independence from Spain. However, Duran will continue to lead the Christian-Democrat party within the CiU (UDC) and to be the CiU's strong man in Madrid. In addition, one of his closest allies within UDC, Ramon Espadaler, will take his place as Secretary General. Duran is against independence, although he supports building a Catalan State within a Confederated Spain as well as the self-determination vote scheduled on the 9^th of November. However, since a wide majority of people within the CiU would vote for independence (including the Catalan President, Artur Mas), internal tensions for Duran's personal stance have increased. Furthermore, there are increasing rumours that the CiU could break up for the first time in more than three decades.

German chemical multinational BASF does not expect to launch its intermodal merchant station in Tarragona's petro-chemical compound until early 2017, two years after it initially forecast. The date of commissioning, as recognised by the company, is conditioned by the start of construction of the third rail connecting the railway line in Tarragona to the Mediterranean Railway Corridor (a strategic transport priority for the European Union), an infrastructure the Spanish Government keeps delaying. Although there is currently no start date for construction, BASF has set up the company ‘Combiterminal Catalonia SL’: a 'joint venture' with Contank SA, Hoyer España SA, and Schmidt Holding GmbH and Tradillo Inversiones SL (Pañalón Group) collaborating to build and operate the station.

Three of Catalonia´s most popular music groups played in Central Park in New York City on Sunday 21^st July as part of the SummerStage Festival. The three Catalan performers, Mishima, Txarango and Headbirds, participated in the event under the slogan ´Catalan sounds on tour´, with the aim to internationalise Catalan musicians and performers. The festival is organised by New York´s City Parks Foundation with the object to raise awareness of the richness of different cultures, and this year includes the participation of the Ramon Llull Institute (IRL), Catalonia's public body to promote Catalan language and culture abroad.

Catalonia's National Alliance for Self-determination, which brings together some 3,000 entities including political parties, local governments, trade unions, employer associations, Chambers of commerce and NGOs, held on Friday its 3^rd meeting. The Alliance decided to send the Spanish Prime Minister, Mariano Rajoy, a letter to ask him not to block the self-determination vote scheduled for the 9^th of November, which would be organised under the Catalan legal framework. The document will highlight that the Constitutional Court stated that it did not have powers to solve issues arising from a part of Spain wanting to modify its political status and that "public powers, particularly the territorial ones" are those who have to solve it "through dialogue and cooperation". The letter will be sent in the coming days, ahead of the meeting between Rajoy and the President of the Catalan Government, Artur Mas. In this meeting, Mas will discuss this vote but also the institutional and social issues in Catalonia.

63% more exports have been channelled through the Port of Barcelona during the first six months of 2014 than in the same period of 2008, prior to the economic crisis. On Friday, the President of Barcelona Port Authority, Sixte Cambra, announced that 2014 will be the year of record sums of exports and imports from the Catalan port. The Port finished the first half of 2014 with 22.5 million tons of goods transported, representing an increase of 7% compared with the same period of 2013. Cambra said that growth occurred in all cargo sections of the port, driven by foreign trade, especially exports.

The Museum of Contemporary Art of Barcelona (MACBA) is expanding into the nearby Àngels Square in the heart of the historic neighbourhood Raval. On 17^th July the museum unveiled the details of its future plans, which are designed to increase the flow of visitors to the art centre. These include increased exhibition spaces and the expansion of the existing MACBA Study Centre. The project is estimated to cost a total of €2 million, 1.5 million of which will be provided by Barcelona City Council, and it is hoped that this will increase the number of visitors to the museum by 15% per year.

Barcelona-based Criteria CaixaHolding becomes the second largest shareholder of Suez Environnement after signing a binding agreement with the French-based utility company for the sale of Criteria's 24.14% stake in Agbar (Sociedad General de Aguas de Barcelona, S.A.) in exchange for 22 million newly issued Suez Environnement shares. These shares represent 4.1% of Suez's share capital and €299 million in cash. As part of the agreement, Criteria stated its intention to allocate part of the money received from the purchase of Suez Environnement shares in the stock market, aiming to achieve, depending on market conditions, a 7% stake in Suez Environnement, a company which currently controls 75.35% of Agbar.

Barcelona Olympic Ring will become the home of the first theme park in the world entirely dedicated to sports, called Open Camp Sportainment. According to the company responsible for the project, the 66.000 m² theme park will offer a "unique" show involving technology, family and sports. The new attraction will occupy the current Olympic Stadium, the Palau Sant Jordi sports hall, the Olympic Museum, the Bernat Picornell swimming pool, the telecommunications tower designed by Santiago Calatrava and the INEFC sports faculty. All these facilities will combine their regular activities with those of the theme park, which will be open from April to October. The project expects 7,000 visitors per day and an annual economic impact for Barcelona of 53 million euros.  

CatalunyaCaixa (CX) on Thursday confirmed the sale of its portfolio of high risk loans to US investment company Blackstone, consisting mainly of mortgages with a nominal value of €6.392 billion and provisions of €2.205 billion. The transaction involved the transfer of funds to a portfolio of asset-backed securities for an amount equal to its book value, €4.187 billion, with €3.615 billion supplied by Blackstone and Spain's public Fund for Orderly Bank Restructuring (FROB) providing the remaining 572 million. With this divestment, the CX solvency ratio stood at 14.9% and coverage stands at 81.6%. After this sale, the liquid assets of CX will reach €16.848 billion and the company is now ready to face its full privatisation, after it was nationalised in 2012.  In addition, Blackstone had already bought CX's real estate business in June in a €40 million operation.