catalan way

Barcelona Port becomes the largest oil logistics platform in the Mediterranean

April 27, 2012 11:58 PM | CNA

The Russian company Lukoil has reached an agreement with the Catalan company Meroil to build 13 new oil tanks at Barcelona Port, which are able to store 360,000 cubic metres. Furthermore, Barcelona Port is the only Mediterranean port ready to host the largest and deepest oil tankers. The Catalan President, Artur Mas, unveiled the infrastructure and emphasised Catalonia is strengthening its position as “Europe’s gateway for goods coming from Asia and North Africa”. He also noted Catalonia’s attractive position for foreign investment. Barcelona Port is linked by international width standard railway with Central Europe and has the Zona Franca logistics and industrial district next to it.

Banc Sabadell earns €80 million in the first quarter of 2012 after reaching a solvency rate of 11.88%

April 27, 2012 12:17 AM | CNA

During the first quarter of the year, the Catalan bank placed €293 million in provisions to strengthen its financial position. Despite the provision, Banc Sabadell had a net profit of €80 million in the first 3 months of 2012, which represents a 5% decrease when compared to the same period last year. The CEO of Banc Sabadell said that creating a “bad bank” in Spain to manage real estate assets is “unnecessary”, as the Catalan bank is “self-sufficient” and is “satisfied” with the management of its own real estate assets.

“No government has done as much as Catalonia's to adjust the economic situation” affirms the Catalan President

April 26, 2012 10:03 PM | CNA

The Dutch newspaper NRC Handelsblad has published an interview with the President of the Catalan Government, Artur Mas. Mas states that “Catalonia’s intervention by Spain would be unthinkable” and “unfair, as no government has done as much as Catalonia's to adjust the economic situation”. Furthermore, he adds that “people’s reaction [against such an intervention] would be very strong”. NRC explains the austerity measures implemented by the Catalan Government to reduce its deficit, such as the drug prescription fee or public employee salary reduction. Furthermore, Mas complained that Spain’s Autonomies model has “decentralised spending but not revenue”; “we want to collect our taxes”, he affirmed, being another “state within a federal Europe”, contributing to regional solidarity.

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.

The Spanish Government doesn’t transfer the money, but transfers the blame

April 25, 2012 12:36 AM | CNA

The Spanish Finance Minister, Cristóbal Montoro, blamed the Autonomies and town halls for Spain’s public deficit. Montoro stated that the Spanish Government is meeting the deficit objective for 2012 with the results from the first quarter. However, Catalan MPs reminded Montoro that he is refusing to pay the money it owes Catalan institutions and that with this strategy he transfers the blame for the deficit by not transferring the funds. The Catalan Government directly accused the Spanish Executive for their “massive lie”. According to internal studies from the Catalan Government, the Spanish Executive made incorrect calculations by saying the Autonomies could save €10 billion in healthcare and education with last week’s measures.

The Catalan President threatens early elections if the Spanish Government intervened in Catalonia

April 24, 2012 01:08 AM | CNA

In an interview with the Catalan Public Television Broadcaster, the Catalan President and leader of the Centre-Right Catalan Nationalist Coalition (CiU) recognised that the Spanish Government could intervene the Catalan Government. “It could happen, I won't deny it”, he said. Furthermore, he warned that “the mistrust level will be very high” if the Spanish Government does not pay the money it owes the Catalan Executive. Mas said that “if Madrid wants to intervene Catalonia’s self-government”, he would call early elections. In addition, he said that further budget cuts will be needed.

Schengen to be suspended for the ECB summit in Barcelona and 6,500 policemen to be deployed

April 23, 2012 10:48 PM | CNA / Laura Quintana

The Spanish Government has taken this measure for the European Central Bank (ECB) Governing Council that will be held in Barcelona from May 2nd to 4th. The cancellation of the Schengen Protocol comes after a request by the Catalan Minister for Home Affairs to prevent the arrival of violent protesters and guarantee security during the meeting. This precautionary measure will come into effect from April 28th to May 4th, both included. It will be combined with 6,500 police deployed on the streets of the capital of Catalonia. All these measures will be taken after an evaluation of the risks of trouble during the event.

The legend of Sant Jordi alive and kicking

April 23, 2012 08:50 PM | CNA / Laura Fabregat

There is a special feel to the streets of Catalonia on 23rd April as for one day locals set aside their daily concerns to celebrate a unique tradition: Sant Jordi’s Day. Every 23rd April is awash with the colour of roses and the gleaming jackets of books hot off the presses. Tradition dictates that today is the day men give their loved ones a rose and in return women buy men a book. The results are spectacular as around 7 million roses and 1.7 million books are sold in the space of a single day.

International tourist industry meets in Catalonia

April 21, 2012 01:02 AM | CNA

The 21st edition of Catalonia’s International Tourism Fair takes place between April 20th and 22nd in Barcelona. In this annual trade fair, the sector displays its best offers and trends. This year sport tourism, wine tourism and the camping sector are some of the main attractions. More than 200,000 people are expected to visit the event. Tourism represents 12% of Catalonia’s GDP, employing more than 400,000 people. The Catalan tourist industry welcomed 23.5 million visitors in 2011 and earned €11.3 billion; estimates for 2012 expect figures to increase by 7%. National Geographic included the Costa Brava as one of its top 20 destinations worldwide.

Inside the Catalan filmfactory, the ESCAC

April 20, 2012 10:35 PM | Anna Pacheco

EVA has been one of the last hits of Spanish cinema. The success achieved by the science fiction picture has earned Catalan director Kike Maïllo five Gaudí Catalan cinema Awards, 3 Goya at the Spanish Film Awards and recognition at the prestigious Sitges and Venice film festivals. The success of EVA is not solely down to its director, but also to the Cinema and Audiovisual School of Catalonia (ESCAC), one of the most important film academies in the world.

CaixaBank meets all the new provision requirements and earns €48 million in just one term

April 20, 2012 12:22 AM | CNA

Spain’s largest bank presented its results for 2012’s first quarter. Barcelona-based CaixaBank has reduced its profits by 84% compared to the same period last year in order to immediately fulfil all the new financial requirements decreed by the Spanish Government in February. The Catalan bank has allocated €2.44 billion in provisions in the last quarter. CaixaBank’s CEO explained they wanted to concentrate their efforts in this first quarter. Besides, the bank’s President explained that despite Repsol-YPF’s episode in Argentina, they will carry on with their expansion plan in the Americas, with the support of Carlos Slim, opening new branches in Chile, Colombia and the United States.

The Catalan Government keeps the drug prescription fee despite Madrid’s additional measures

April 19, 2012 09:56 PM | CNA / Patricia Mateos

The day after the Spanish Government imposed increasing the price citizens pay for medication, the Spokesperson for the Catalan Government confirmed that Catalonia will maintain the €1 drug prescription fee. The Catalan Health Minister had said earlier they would study if the drug prescription fee would be implemented. The main doctors union and Left-Wing opposition parties asked the Catalan Government to eliminate the drug prescription fee, because it would make Catalan citizens pay more for their medication than the rest of Spanish citizens.