The board of the Catalan savings bank decided to “temporarily” use public capital in order to meet the new requirements in the sector. This move means it will reach 10.4% of ‘core capital’. Private capital is expected to increase its share “in the medium-term”.
Catalans traditionally exchange roses and books with their loved ones on 23rd of April. Streets and squares around the country fill with crowds in celebration of the National Day or ‘Diada’.
Foreseeing a negative decision the Catalan Government already modified the law in 2009. The sentence declares illegal certain aspects of the law approved in 2005, such as conditioning the establishment of large retail centres to the expected effect on existing small businesses in the area or on the market share.
Catalan political parties will meet with social and economic agents to discuss how best to boost the Catalan economy. The Advisory Council is made up of academic experts and members of the business community. They drafted the report as a basis for discussion. Among many measures, they recommend partially paying for extra public services or reducing the number of public employees.
Catalan Olga Fontanillas is the founder of this NYC-based company. She assures this is the best time to break into the American market.
The French train manufacturer plans to lay off 1,380 employees at its plants in Germany, Italy and Spain. Alstom’s Spanish factory, which has 900 staff members is located in Santa Perpètua de la Mogoda, in the Barcelona Metropolitan Area.
The Catalan pharmaceutical and chemical company was identified in a Wikileaks cable from the U.S. State Department as one of three strategic items the United States had in Spain, together with the natural gas pipeline from Algeria and the Gibraltar Strait. Grifols leads the blood plasma-based products’ market in Europe and is expanding its U.S. presence.
The ruling coalition Government promised the immediate abolition of the Inheritance Tax in the last election campaign; however the public finance situation has complicated the move. The Catalan President took the floor to stress that his Government is preparing a radical modification of this tax system. He wanted to stop the debate launched on Sunday by the Government’s Secretary.
PIMECAVA is the Association of Small and Medium-sized Cava Producers. It is chaired by Mercè Rosell, who claims in a video interview that the only way to compete against French champagne is by marketing cava as a quality and prestigious product. In order to do that it is fundamental to have the support of big cava companies like Freixenet and Codorniu and a good relationship with exporters.
The technology multinational will open a Customer Centre in the Scientific and Technological Park of Lleida to serve the entire Iberian Peninsula and international clients.
The company sells high end clothing on the Internet. It distributes over 25.000 items of clothing daily amongst its 3,7 million clients. The centre will deliver on demand from Spain and Italy.
The new employees hired will be people currently out of work. The Spanish car manufacturer, which is part of the Volkswagen group, has its factory in the Barcelona Metropolitan Area. SEAT will for the next five years invest 300 million euros annually.
Work on historic building in Sant Sadurní will finish soon. The museum will be dedicated to the history of cava and the home town of Catalonia’s most renowned drink.
The Catalan Government announced that knowledge of the Catalan language will be a “very determining” factor in proving integration in Catalonia in order to renew residency certificates or family grouping.
In a video interview, the Catalan chef who has been awarded five Michelin Stars, Carme Ruscalleda, explains her vision of Catalan cuisine. She describes it as a combination of specific techniques and wit carried out by farmers and fishermen mixed with French and Italian bourgeois cuisine. According to her, Catalonia’s gastronomy is derived from local products and is spreading worldwide, thanks in part to the influence of Ferran Adrià.