spain

Puigdemont vows to push ahead with referendum despite new warning from court

April 11, 2017 05:42 PM | ACN

The Spanish Constitutional Court officially notified the Catalan Government about the suspension of the referendum allocations in the 2017 budget on Tuesday. The Court warned the Catalan President Carles Puigdemont and all the members of his government about the criminal consequences of disobeying the suspension. “We will keep going,” responded Puigdemont in a tweet, which included a picture of the five Court notifications that he has received so far against the plans for a referendum. The Catalan Government spokeswoman, Neus Munté, confirmed that the executive will appeal the suspension on the grounds that the organization of “electoral and participatory processes” is a competence “recognized” by the Catalan Statute, the organic law that defines the powers of the Catalan government.

Catalonia, the third most important destination for British investment in Spain

November 30, 2016 07:51 PM | ACN

There has been a recent turn in British investment in Catalonia. While Foreign Direct Investment (FDI) from the United Kingdom in the region was on a downward trend between 2013 and last June, the situation has reversed and Catalonia currently accounts for 4,4% of British FDI in Spain. Indeed, Catalonia is the third territory of Spain in terms of volume of British FDI. Ahead of Catalonia, stand only Madrid and the Basque Country, which received, respectively, €3,258 and €828 million from the UK between 2013 and last June. In the same period, Catalonia received a gross flow of €546 million, according to the Barometer on the Climate and Perspectives for British Investment in Spain and Catalonia, a report that analyses the evolution of direct investment from British companies in Spain.