The figure represents approximately 40% of the Catalan Government’s deficit in 2010. Barcelona’s Chamber of Commerce maintains a growth forecast of 0.8% for the Catalan economy in 2011.
After yesterday’s meeting with Spanish Prime Minister Zapatero and the Catalan President, nine Autonomous Communities are protesting and accusing Zapatero of giving privileges to Catalonia. The Catalan Government rejects these accusations recalling that all the discussed transfers were pending issues that had already been agreed on. The new debt will be used to re-finance previous debt and reduce the deficit. This evening, the Spanish Ministry of Economy clarified that Catalonia’s authorisation will be applicable to all the Communities with an approved viability plan.
Companies and agencies from the tourism industry have joint together to highlight the potential of the Asian tourist market and stress the obstacles for its growth. Currently, Barcelona has only two direct flights with Asia per week, a figure that is expected to largely increase. As an example of this potential, China exported almost 57 million of tourists abroad per year, but only 90,000 visit Barcelona.
The Catalan Government will be able to issue more public debt and the State will pay Catalonia 759 million euros that are pending from 2008. According to the Catalan Government, the Spanish Executive owes more than 2,100 million euros, although the figure could be larger. The Catalan President, Artur Mas, claimed this amount and the Catalan Government’s capacity to issue new debt, after having presented a viability and austerity plan a week ago. Both leaders discussed pending competence devolutions today regarding already approved legislation and agreements, but without concrete results. Prime Minister Zapatero was also very interested in this meeting as he wants to count on votes from Mas’ party in the Spanish Parliament. Mas confirmed that his party would support Zapatero’s measures to foster the economic recovery, such as the pension system reform agreement or a new framework for SMEs.
Lluís Miñarro’s documentary film ‘Finisterrae’ scooped a top award at the International Film Festival Rotterdam. The film is directed by the manager of the International Sònar Music Festival in Barcelona, Sergio Caballero. This was his first ever movie and it was actually the image of last year’s Sónar Festival. Rotterdam’s jury awarded ‘Finisterrae’ impressed for its riskiness.
The total number of foreigners contributing to the Social Security system in Catalonia at the end of 2010 was 401,753 people. Three out of four foreigners in Catalonia come from outside the European Union.
The industry sector consolidates its position as the main engine towards the recovery from the economic crisis. Despite this positive data, the 2010 GDP falls by 0.2% in comparison to 2009.
The Catalan Minister for Health, Boi Ruiz, announced today that patients will get a symbolic bill when leaving the centre informing them about the drug treatments’ costs. The Minister also stated that “for the moment” patients will not have to directly pay a part of the medical costs.
All the Catalan savings banks are in the process of becoming regular banks. In the last 6 days, all the savings banks have been defining their future and they are all going in the same direction: transforming their structures into those of a regular bank. The first stage was the merging process that took place before summertime and now, with the new banking rules at international, European and Spanish level, savings banks are finding it easier to continue operating as regular banks. The old model is thus finished.
The new initiative is based on sports like Pilates. The pilot school is located in Montellà, in the Catalan Pyrenees. The measure was an initiative from the school zone director, who was concerned about future back problems. It was agreed on with the parents, the school and the Catalan Ministry of Education.
The total number of unemployed people in Catalonia is now 589,623. In Spain as a whole, registered unemployment increased by 130,930 people this January. The total number of unemployed people sets a new historical record, with 4.23 million. Traditionally, January is a bad month in terms of unemployment data due to the end of Christmas sales’ hirings.
The Catalan Government sent its austerity and viability plan to the Spanish Ministry of Economy for reviewing yesterday. The plan reduces the public deficit in more than 2 points and sets it at 1.3% for 2011. The finances of the Catalan Government are generating a wide debate at the moment, which is even been covered by international media.
The Chairman of the Centre-Right Catalan Nationalist Group in the Catalan Parliament Oriol Pujol stated this morning that the Catalan Government could “practically not pay the salaries” of public workers. However the Catalan Government from the same party calmed public opinion saying that although the situation was difficult, civil servants would not need to worry. The Catalan Government needs new credits to get liquidity and is expecting authorisation from the Spanish Government.
The Catalan bank Banc Sabadell reaches the 8% milestone by issuing 126.4 million new shares, which represent 10% of its capital. The movement is part of the bank’s strategy to strengthen its capital, foreseeing the future stress tests and the Basel III rules.
The Catalan radio station Pakcelona made the most of the closure of it’s local FM broadcast to strengthen it’s presence on the World Wide Web.