The last ‘SCImago Institutions Ranking’ classified the 3,000 best research institutions in the world. Harvard University tops the ranking, but the Catalan institute, is ranked second in Spain and among the best European research centres. Catalonia, and in particular Barcelona is consolidating its position as a biomedical science centre at international level.
The main Catalan bank allocated 1.953 billion euros for insolvencies and raised its core capital to 11.8%, 2.9 percentage points more than the ratio it had in December 2010. These operations made their net profit decrease by 16.6% compared to the previous year. Besides, CaixaBank announced that Mexican billionaire Carlos Slim will quit its board to rejoin that of the bank’s industrial holding ‘Criteria CaixaHolding’. Slim’s seat will be occupied by former Chairman of Citigroup and the New York Stock Exchange John S. Reed.
Perajaume is one of the main Catalan artists of our time, part of a generation that is already gaining a lot of international recognition, with artist’s such as Jaume Plensa. Perajaume is known for his landscape visual poetry, expressing the excess of the current times and exhorting the return to natural roots. The exhibition is not a conventional retrospective, but instead a “programmatic proclamation”, an element of reflection on the function, the limits and the fate of art when opposed to excess.
With this label, foreign house buyers can be 100% sure that the new bought property fulfils all the quality and town planning regulations. The Catalan Minister for Territory and Sustainability, in charge of Housing, Lluís Recoder, announced the creation of an official label recognising the “quality of real estate”, in order to offer more legal safety and guarantees to consumers. Recoder hopes this certificate will help the sector, as consumers will be in a safe framework, from a juridical point of view.
For the first time in the world, a foetus having the spina bifida congenital disorder went through a new intra-uterus surgery technique. A medical team from Barcelona’s Vall d’Hebron Hospital operated on the foetus in its 24th week by placing a biological fabric on the spinal cord, in order to protect it from amniotic liquid and to ease the gap’s closing. The baby is now five months old and doctors are confident she may walk without any problems.
‘Tots Sants’ or All Saints Day is celebrated in Catalonia with the traditional panellets, a small sweet made of marzipan pastry and coated with different ingredients available at every bakery in every Catalan town. Together with grilled chestnuts and sweet potatoes, the elaboration of the panallets points out the definitive arrival of autumn.
Steven Spielberg has bought the rights to adapt a series produced and broadcast by Catalonia’s public TV station. The American name will be ‘The Red Band Society’ and Marta Kauffman, creator of ‘Friends’, might be in charge of the script. The main characters in the series are a group of teenagers with cancer, who develop a friendship and explore their imagination in hospital. ‘Polseres vermelles’ was a huge success on Catalan television and the second season is in production.
The Catalan Government considered the figures “worrying” but puts them to a “complicated” financial situation that has provoked an economic uncertainty. On Tuesday, the Government announced an action plan to reduce unemployment in the short term. In Spain, there are almost 5 million unemployed people, which represents an unemployment rate of 21.52%. Lleida has Spain’s lowest unemployment rate, set at 13.02%.
The Spanish stock exchange celebrated the European Summit’s results by increasing 4.96% in a one day of trading. The main managers of the Spanish banks are convinced they will get the requested core capital with their own resources. In addition, they believe they will need 13.5 billion euros, and not 26.1 once the detailed calculations are made. Spanish financial circles consider the new rules, adopted to counteract French and German banks’ exposition to Greek sovereign debt, do not particularly benefit Spanish banks, which almost do not hold any Greek debt. In addition, as was the case with the stress tests, the criteria to analyse the bank situation ignores Spain’s proposals and imposes those benefiting German banks.
The Catalan multinational company Abertis announced its results for the first three first quarters of 2011. Abertis’ net profit increased by 5.9% compared to the same period in 2010. The Barcelona-based company also announced that the segregation of Saba Infrastructures is complete.
The Catalan Minister for Business and Employment has stressed that the Government’s objective is to reduce unemployment by half by 2014. The plan foresees ten measures, with a special focus on the long-term unemployed. Some of the measures include incentives to SME companies to hire the long-term unemployed, collaborating with private temporary work agencies, enlarging the network of education classrooms and relocating staff from the Catalan Public Employment Service to provide job search council and other direct services.
The 3.7 billion euros may be increased to 4 billion euros depending on demand. After the first day, the offer of bonds raised “high interest” according to financial sources. Citizens will be allowed to buy a minimum quantity of 1,000 euros and a maximum of 2 million euros. The Government is issuing bonds that expire in one year at an interest rate of 4.75%, and others expiring in two years at an interest rate of 5.25%. The Catalan Finance Minister stated that this bond offer is “safe and attractive”. It is the third emission of retail bonds in the Catalan Government’s history. The current bond emission mainly aims to replace those from the first emission, which expire next November 21st.
Georges Enescu’s opera Oedipe will start its run next Saturday at a Belgian Opera House. It is a new challenge for La Fura del Baus, who was handed the task by Brussel’s La Monnaie–De Munt’s director after the great success of Le grand Macabre in 2009. Alex Ollé, director of the Catalan theatre company, explained CAN the troupe’s interest in this type of spectacle that is “equally or even more interesting than theatre”.
Andreu Mas-Colell, former Harvard Professor and the current Catalan Finance Minister, travelled to London to meet with financial representatives. The objective is to explain, first-hand, the Catalan Government’s austerity plans and its efforts to reduce the deficit and to foster the economic recovery. Mas-Colell met with City investors, banks and media, such as the ‘Financial Times’.
‘Joan Miró: The Ladder of Escape’ was on show at London’s Tate Modern until September, being one of the must-see exhibitions of the year. Now it arrives at the Fundació Miró in Barcelona. It is the most complete exhibition on one of the most universal Catalan artists of all time, with 170 works on display from public and private collections from all over the world. The exhibition has the double objective of rediscovering Miró’s work and showing his commitment in the era he lived in. Another exhibition on Miró’s posters will run in parallel, focussing on his involvement in Catalan cultural, political and civic initiatives.