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.
Despite exceptional increases for concrete development projects, external relations and international cooperation services and funds were reduced by almost 50% within the plan to reduce public spending in 2011. The Catalan Agency for Development Cooperation decided to increase financial aid to the Horn of Africa to help with the humanitarian crisis that is affecting 13.5 million people.
Comparing the annual inflation rate registered in August, prices increased from 3.0% to 3.2%, after four consecutive months of drops. For the whole of Spain, the annual inflation in September was 3.1%.
The works to the monument, which dates back to the 12th century and is at risk of ruin, have been delayed two years over a dispute with owner. The Castle is located over the beach of La Fosca, in Palamós. This town is at the centre of Catalonia’s Costa Brava and it is an important tourist centre.
The 44th edition of the Sitges International Fantastic Film Festival of Catalonia begins with the presentation of ‘Eva’, a Catalan movie about robots and artificial intelligence. It stars German-Catalan actor Daniel Brühl (‘Inglorious Basterds’, ‘Good bye Lenin’, or ‘The Edukators’) and ACN talked to him. It is the first time a Catalan movie opens this international festival that will run from October 6th until October 16th.
The Franco-Japanese company has chosen the Catalan car component manufacturer Ficosa as their only automatic gearbox supplier for all the new cars targeting a middle-class market segment. The agreement is for the European, North-American, South-American and Asian markets. It will represent a sales volume of 45 million euros for Ficosa. The news reinforces Greater Barcelona as a base for the automotive industry.
The photography exhibition shows the pictures that were found in the so-called ‘Mexican suitcase’, in which original films by Capa, Taro and Seymour had been kept for decades. The exhibition displays not only pictures from the Spanish Civil War, but also the negatives and the manner in which photographers worked. Since the suitcase kept the original films, the contact sheets can be displayed and thus the photos are shown in the order they were taken.
The Catalan President, Artur Mas, announced that he along with ministers, deputy ministers, and directors-general would not receive the Christmas bonus this year. The measure affects all the Catalan Government’s higher-ranked staff and is meant to send a message of austerity. 350 people will see their salary reduced, saving 1.8 million euros of public money. It is an answer to doctor and nursing unions, who had asked politicians to reduce their salaries. Last year, higher-ranked officials experienced a 15% salary cut.
The Catalan low cost airline, which is based in Barcelona, has announced new destinations from Barcelona, as well as an increase in frequency on other routes. Vueling’s President, Josep Piqué, presented the airline's latest news for next season. He also said that a low cost airline like Vueling is the only airline capable of stopping Ryanair’s expansion in Barcelona, in a clear reference to Spanair.
September has been a bad month for employment over the last number of years, but this past September is the worst in the last 11 years. The Spanish Government has blamed the budget cuts undergone by the Autonomous Communities for the unemployment increase. The Spokesperson for the Catalan Government considers Madrid’s statements as “offensive” and “pitiful”, and he stressed that the Spanish Government had asked them to double their public spending cuts. He also added that the Spanish Government has not paid the money that it owes.