european

Catalan pharmaceutical giant Grifols sees a 23% jump in net profit in the first half of 2014

July 31, 2014 09:29 PM | ACN / Neringa Sinkeviciute

During the first half of the year, the revenues of the Catalan multinational pharmaceutical company Grifols rose by 16.7% to €1.61 bilion, 75% of which came from the Bioscience division and 18% from Diagnostic. Compared to the first quarter, the proportion of total sales generated by each of the group’s divisions remains unchanged after the acquisition of Novartis' diagnostic business. The world´s third-largest blood-derivate product maker, Grifols obtained a net profit of €224.8 million, 23% more compared with the same period last year, as reported by the company to the Spanish Stock Exchange Authority (CNMV). These positive figures were achieved due to the maintenance of financial costs, made possible by improved financial conditions, despite having increased debt in absolute terms.

Rajoy doesn't offer an alternative and Catalan President will call self-determination vote anyway

July 30, 2014 09:29 PM | ACN

The President of the Catalan Government, Artur Mas, and the Spanish Prime Minister, Mariano Rajoy, finally met this Wednesday in Madrid to talk about the self-determination process and also about economic, social and institutional issues. Mas told Rajoy that a majority of the Catalan Parliament plans to hold a self-determination vote on the 9th of November and they want to do it "reaching an agreement with the Spanish Government and within the legal framework". However, if Rajoy rejects negotiating such an agreement, Mas will use the Catalan legal framework to organise a legal vote. Rajoy emphasised that the consultation vote "is not legal and will not be legal" and therefore "will not take place". However, the Spanish PM did not present any alternatives to modify the current status quo. Besides, Mas presented Rajoy with a document with 23 issues not related to self-determination, such as Catalonia's under-budgeted public services, pending infrastructure works, and the Education Reform.

Rajoy will meet with the new Socialist leader two days before talking to the Catalan President

July 22, 2014 09:21 PM | ACN

The much awaited meeting between the Spanish Prime Minister, Mariano Rajoy, and the President of the Catalan Government, Artur Mas, has finally been announced for Wednesday 30th of July at 11am, after both politicians have stated during several months that they were open to talk. In the meeting they will discuss the institutional and social affairs related to the economic crisis, but they should also talk about the organisation of a self-determination vote in Catalonia. However, Rajoy has rejected to talk about it, as he considers it "an absurd" debate, despite the fact that 80% of Catalans want to hold such a vote and it is the main topic in Catalonia's political agenda, and probably in Spain's as well. Besides, on Monday 28th of July, Rajoy will meet Pedro Sánchez, the new Secretary General of the Spanish Socialist Party (PSOE), who is also against Catalonia's self-determination and offered his will to reach agreements on "the territorial model".

BBVA buys nationalised Catalunya Banc for €1.19 billion, meaning taxpayers will lose more than €11 billion

July 22, 2014 08:57 PM | ACN

BBVA will pay €1.187 billion to the Fund for Orderly Bank Restructuring (FROB) for the nationalised Catalan bank, beating the other two offers in the final phase of the auction process presented by Santander and Barcelona-based CaixaBank. This means that Spanish taxpayers will lose €11.84 billion considering guarantees and due to the fact that the Spanish Government injected €12.622 billion into Catalunya Banc since it was nationalised in 2011. Catalunya Banc was a private bank owned by CatalunyaCaixa, the merger of three historical Catalan savings banks (Catalunya, Tarragona and Manresa). It could not face the deep restructuring process required to meet the new banking regulations. The bank had a weak financial position resulting from a high exposition to toxic real estate and mortgages assets, as well as suffering from poor management. The BBVA will become the second largest bank operating in Catalonia, doubling its past position.

BASF postpones its Tarragona intermodal station to 2017 due to Madrid's delay building the Mediterranean Corridor

July 21, 2014 08:58 PM | ACN

German chemical multinational BASF does not expect to launch its intermodal merchant station in Tarragona's petro-chemical compound until early 2017, two years after it initially forecast. The date of commissioning, as recognised by the company, is conditioned by the start of construction of the third rail connecting the railway line in Tarragona to the Mediterranean Railway Corridor (a strategic transport priority for the European Union), an infrastructure the Spanish Government keeps delaying. Although there is currently no start date for construction, BASF has set up the company ‘Combiterminal Catalonia SL’: a 'joint venture' with Contank SA, Hoyer España SA, and Schmidt Holding GmbH and Tradillo Inversiones SL (Pañalón Group) collaborating to build and operate the station.

3,000 organisations to send Rajoy a letter asking him not to block "the legal" self-determination vote

July 18, 2014 08:44 PM | ACN

Catalonia's National Alliance for Self-determination, which brings together some 3,000 entities including political parties, local governments, trade unions, employer associations, Chambers of commerce and NGOs, held on Friday its 3rd meeting. The Alliance decided to send the Spanish Prime Minister, Mariano Rajoy, a letter to ask him not to block the self-determination vote scheduled for the 9th of November, which would be organised under the Catalan legal framework. The document will highlight that the Constitutional Court stated that it did not have powers to solve issues arising from a part of Spain wanting to modify its political status and that "public powers, particularly the territorial ones" are those who have to solve it "through dialogue and cooperation". The letter will be sent in the coming days, ahead of the meeting between Rajoy and the President of the Catalan Government, Artur Mas. In this meeting, Mas will discuss this vote but also the institutional and social issues in Catalonia.

Catalonia, the Basque Country and Castile and León lead transparency rankings, while Madrid is at the bottom

July 17, 2014 10:10 PM | ACN

The Catalan Government, alongside the executives of the Basque Country and Castile and León, is leading the index of Autonomous Communities in terms of transparency, according to a study issued on Thursday by the organisation Transparency International Spain. These three Autonomies scored 100 out of 100 in the study, which was based on 80 indicators. They were followed by La Rioja (96), Galícia (94) and the Balearic Islands (93). The Region of Madrid occupies the last position in the ranking, with 65 points, behind the Region of Múrcia (79), the Canary Islands (80) and Castilla-La Mancha (84). The average across Spain is 88.6 out of 100. The study called upon regional governments to indicate the exact location of various data and information about elected officials, political appointments, organisation and personal wealth.

Rajoy considers self-determination vote "absurd" and rejects discussing it with the Catalan President

July 17, 2014 05:41 PM | ACN

The Spanish Prime Minister, Mariano Rajoy, stated on Wednesday that he "will not join absurd debates" and will not "participate in the game" to negotiate Catalonia's self-determination vote since "the referendum is illegal and will not take place". Ironically, Rajoy accepted the request of the President of the Catalan Government, Artur Mas, to meet, but he has specifically rejected to talk about the purpose of the interview: the self-determination vote. In addition, the Spanish PM has downplayed the agreement backed by a two-third majority of the Catalan Parliament, which was answering a mandate resulting from the 2012 Catalan elections. On the same day the Spanish Finance Minister, Cristóbal Montoro, rejected "reinventing Spain" to better fit Catalans and therefore ruled out a deep Constitutional Reform. In addition, he also rejected setting up a new fiscal scheme for Catalonia, similar to the one that the Basque Country already has.

Catalan President accepts to meet with Rajoy this July in public, but would prefer a discrete meeting

July 15, 2014 06:31 PM | ACN

The Catalan Minister for the Presidency and Government Spokesperson Francesc Homs, said on Tuesday that the President of the Generalitat, Artur Mas, is willing to accept the meeting formula proposed by the Spanish Prime Minister, Mariano Rajoy. Spain's PM rejected a discrete meeting and insisted it should be public, despite the fact the Catalan President had requested a private interview. Nonetheless, Homs said it would be better, "and overwhelming common sense", to hold the meeting in private, without the media focus on it, because that would allow it to be  "more productive." "But if it cannot be this way, we will do as they want," Homs said at a press conference, and insisted that the interview format will pose “no problems.”

Barcelona is among world's top 10 places to do business and first European city for shopping tourism

July 15, 2014 04:55 PM | ACN

Barcelona has gone from 22nd to 7th place in the list of 468 European cities with the best economic prospects; it is ranked the 19th most competitive city in the world and the 10th in Europe; it stands at 10th in the world in terms of receiving new business investments; and it became the 4th city hosting the largest amount of congresses at world level. The report was produced by the Chamber of Commerce of Barcelona in collaboration with the City Council. Furthermore, another study compiled by ESADE business school stressed that Barcelona is the 1st European city in money spent per tourist in shopping, ahead of London and Paris. The Mayor of Barcelona, ??Xavier Trias, welcomed the news but also emphasised the ''shadow'' of having more than 100,000 unemployed in Barcelona, a number he finds “unbearable.”

Juncker warns Catalonia: “One does not become an EU member state by sending a letter”

July 9, 2014 07:48 PM | ACN

The future president of the European Commission said during a meeting with the EFA/Greens Group in the European Parliament that he does not want to interfere in the political process started in Scotland or Catalonia. “I greatly respect democratic expressions in European territories, but I do not have the arrogance nor the wish to try to get involved in a debate that affects the territorial and political organization of member states”, said Juncker. The PPC candidate to the top job of the EU added that the Catalan situation “should be solved in Spain” and not in Brussels.

Catalan and Basque MEPs urge Schulz to allow the use of their languages in the plenary

July 2, 2014 06:20 PM | ACN

The MEPs from the Centre-Right pro-Catalan State (CiU), Ramon Tremosa and Francesc Gambús, and the MEP from the Basque Nationalist Party (PNB), Izaskun Bilbao, wrote to the re-elected President of the European Parliament stating that the use of Catalan, Basque and Galician languages in the plenary just depends on a “political decision”. The MEPs asked the leader of the Chamber, a former bookshop owner, to show “respect” for their languages. Tremosa, Gambús and Bilbao said that the decision would cost nothing to the European Parliament as many Spanish translators also speak Catalan, Basque or Galician.

Barcelona presents itself as a ‘pioneering’ city for electric vehicles at Brussels conference

June 25, 2014 07:48 PM | ACN

At a conference in Brussels on Wednesday, Barcelona presented itself as a “pioneering” city to accommodate electric vehicles. Coinciding with the European Energy Week, the Catalan delegation to the European Union in collaboration with Renault-Nissan organized a conference on the promotion of electric mobility and smart cities, entitled 'The Liveable City’. "Everything is ready, what is missing is that people just have to make the step to use electric vehicles”, the Manager of Infrastructure and Electric Mobility of the City of Barcelona, Manuel Valdés, told CNA. According to the Communications Director of Nissan Iberia, Francesc Corberó, the city "is not only ready, but its whole mindset is totally focused on this challenge".

Felipe VI praises "a united and diverse Spain" in an entirely-Spanish speech referring only to a single nation

June 19, 2014 06:36 PM | ACN

The new King of Spain, Felipe VI, highlighted the unity of the country but also its diversity in his first speech as monarch. In a ceremony before the Spanish Parliament and Senate on Thursday morning, Felipe VI gave a speech portraying the guidelines of his reign, just after swearing loyalty to the Constitution, including the Autonomous Communities, as he stressed. He defined himself as "a Constitutional King", who is "the symbol" of "the unity and permanence of Spain". However, he also highlighted that "unity does not mean uniformity" and he pointed out that the Constitution asks "to respect and protect" the different languages in Spain, which are "a shared heritage" and "bridges for dialogue". Despite praising "diversity", Felipe VI delivered his speech entirely in Spanish, despite a small final greeting in Catalan, Basque and Galician. In addition, he defined Spain as "a great nation" to be "proud of", without mentioning Spain's pluri-national status.

European Lib-Dems contradict themselves and accept 2 Spanish parties opposed to Catalan self-determination

June 17, 2014 09:16 PM | ACN

Despite the fact that the International Liberal-Democrats explicitly recognised Catalonia's right to self-determination in their last congress in April, their group within the European Parliament (ALDE) has finally accepted 6 MEPs from the Spanish nationalist and populist parties Unión Progreso y Democracia (UPyD) and Ciutadans (C's), who totally oppose this principle. Desperately looking for seats in order to continue being the 3rd largest political group within the Euro-Chamber, the ALDE leadership proposed to accept the membership request from UPyD and C's, who would bring 4 and 2 MEPs respectively, despite the strong protests from the Catalan Liberal party CDC (which is part of the governing Convergencia i Unió coalition, CiU) and the Basque National Party (PNV). The members of the ALDE finally voted to accept UPyD and C's MEPs, but they also approved the creation of a sub-group defending Catalonia's self-determination.