italy

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

The popular drama series by Albert Espinosa, based on his experiences of staying in a children’s hospital, has a pilot episode in development, with scripting by Margaret Nagel (‘Boardwalk Empire’) and supervision from Steven Spielberg. ‘Polseres Vermelles’, known to English-speaking audiences as ‘The Red Band Society’, has received positive feedback from its international distributors. An Italian adaptation, called ‘Braccialetti rossi’, started to be aired by RAI1 on January 26.  ‘Polseres Vermelles’ is an original project from Catalonia’s Public Television Broadcaster.

In an interview with the Italian newspaper La Repubblica, the President of the Catalan Government, Artur Mas, emphasised that an independent Catalonia would “want to remain” within the European Union. Mas highlighted the need to reach “a transition agreement” to ensure the uninterrupted continuity of an independent Catalonia within “the Eurozone, the EU, the Schengen Area and the NATO”. In addition, Mas insisted that, if the Spanish Government bans the self-determination referendum, he will have to call plebiscitary elections to give Catalans the opportunity to vote on their future. Besides, Mas announced he “will quit politics soon”; “at most” he will be in office for just “another term” to “push forward” Catalonia’s self-determination process.

Italian Investindustrial has sold 49.9 % of its stake in PortAventura amusement park to KKR, a US investment fund. With this operation Investindustrial has incorporated a long-term partner in the project, while making sure to be the majority shareholder with 50.1 %. The transaction will be effective in January 2014 and is only awaiting regulatory approvals. In the long-term strategy, PortAventura is looking for other agreements to broaden the range of leisure activities and develop further at international level. A few weeks ago it was made public that Investindustrial would join the BCN World project by building and managing 3,000 hotel rooms. Besides, it has been announced that the Cirque du Soleil would give daily shows in PortAventura from the summer of 2014.

This Wednesday’s match will bring together two of the continent’s most storied football teams for what is considered to be a classic in European football, a Barça vs Milan showdown. A victory for FC Barcelona would see the Catalans qualify for the next round of the competition. Adriano Correia has been declared fit for this evening's match against the Italians. Tata Martino has named a total of 20 players to the team for this evening’s game. Rotations are expected, but perhaps not as many as usual. AC Milan, with Balotelli ready for action, have been unable to win in their last four matches.

The Italian investment group has announced it will build and manage 3,000 of the 6,000 hotel rooms of the ‘BCN World’ mega resort, the competitor to Madrid’s Eurovegas that is being developed by Veremonte in Salou (Costa Daurada). The $6 billion entertainment resort will be located next to the beach and the PortAventura theme park, which is owned by Investindustrial. After a year of talks, the Italian company has finally decided to join the mega resort project, which will have casinos, hotels, convention centres, luxury shops, restaurants, golf courses and a beach club. The CEO of ‘BCN World’, Xavier Adserà, confirmed that the resort will begin building in the first half of 2014, employing 17,000 people. The hotel group Melià, shopping-mall company Value Retail and casino group Melco Crown Entertainment will build the first phase.

The Catalan company has signed an agreement with the Shah Deniz consortium for a 25-year period. The Azerbaijani company will supply 1bcm of natural gas per year. The agreement is conditional on the final decision on the project investment, a step planned for later this year. The development of this project will open a new supply route to Europe through the ‘Southern Corridor’, which will allow Europe to access gas reserves in the Caspian Sea area. Barcelona-based Gas Natural Fenosa will receive the gas in facilities based in Italy, one end of the European gas pipeline passing through Georgia, Turkey, Greece, Albania, and crossing the Adriatic Sea. The Catalan company said that this supply will consolidate its presence and strengthen its gas supply business in Italy.

The Italian ferry company has built a 63,000 square metre terminal at the Costa dock, with an investment of €20 million and a capacity of 3,600 passengers per day. The new terminal will allow the city of Barcelona to gain a new urban area, since the space accessing and surrounding the terminal will be integrated into the city for the first time. Urban planning work will be concluded by the end of the year, announced the Mayor of Barcelona, Xavier Trias. The terminal has restaurants, bars, shops and free Wi-fi, and will allow the boarding of passengers and goods.

The former leader of the European Union diplomacy and now an International Relations professor at the Barcelona-based ESADE business school, Javier Solana, stated that it is “difficult” to believe that such a measure could be implemented in Spain or Italy. Solana, who chairs the EsadeGeo Centre for Global Economy and Geopolitics, highlighted the fact that “it is an unprecedented decision to make all depositors pay” such a tax. According to Solana, this could create “insecurity” and it is “an unfair decision for honest money savers”, despite the measure targeting those who have manipulated Cyprus’ financial system.

During the Spanish Civil War, from 1936 to 1939, Franco’s rebels received military help from Italy among other countries. The Italian Legionary Air Force, based in Mallorca, was responsible for the aerial bombardment of the city of Barcelona from 16th March to 18th 1938, exactly 75 years ago. For three days, Italian aviation forces bombed civil targets and neighbourhoods and caused the death of approximately a thousand civilians. The bombing of the Catalan capital was one of the most lethal bombing missions of the Spanish Civil War. Barcelona High Court has ordered a full investigation on crimes against humanity.

Barça aim for a historic fight back against AC Milan to stay in the Champions League. The Catalans attempt to turn around the 2-0 defeat in Milan and earn a place in the last eight of the competition. This generation of FC Barcelona players have won everything in the game, with few records left to beat and just one big challenge ahead of them – to come back from a losing position in a European tie. Xavi Hernàndez is Barça’s main doubt for the game.

Since the 2-0 result in Milan’s San Siro stadium, both sides have faced some tough games, but they come into the Champions League match on the back of league wins: the Catalans defeated Deportivo and the Italians, Genova. FC Barcelona need a three-goal-distance win on Tuesday evening to pass through the next Champions League tie. AC Milan have already arrived at the Catalan capital and, despite the first leg result, they are being cautious and refuse the favourite role considering Barça’s potential.

Two second half goals from Boateng and Muntari at San Siro have left Barça with a mountain to climb in the second leg of the Champions League’s last 16. The clash of titans at the San Siro has ended with AC Milan celebrating their 2-0 win over FC Barcelona as if they had won the title. The Barça forwards failed to create a single clear-cut opportunity and in defence allowed Milan to take practically the only two real chances they had in the entire game. On the 12th of March, FC Barcelona will be looking for yet another magnificent night in front of their own fans to turn around a tie that currently sees them in a very tricky situation indeed.

Milan is the venue for tonight’s Champions League second round match (20.45 CET) in which Barça will be without either of the injured Villa and Adriano. The ‘rossoneri’ and ‘blaugrana’ have eleven European Cups between them. Both teams are in excellent form going into tonight’s encounter at the San Siro.

Grimaldi will build a new short-distance terminal in Barcelona Port and run it for a 15-year period, which has the possibility to be extended for a further seven and a half years. The Italian company wants to increase its presence in the Catalan capital, from where it currently runs four regular ferry lines linking Barcelona to Civitavecchia (Rome), Livorno (Florence), Porto Torres (Sardinia) and Tanger (Morocco). The new building will be ready by next summer and will be able to serve 1,800 passengers. It will cover 3,750 m2, have three stories and three boarding bridges, and it will be surrounded by a large esplanade where cars can wait before they board the ferry.