Search Results for catalonia

barcelona investment

Catalonia loses 26% of rental supply -40,000 apartments- and prices continue to rise in first year of application of new law limiting rent rises to CPI

For a year now, Catalonia has been a real estate laboratory. This Sunday marks 12 months since the Generalitat decided to adopt the Housing Law and declare “stressed areas” in 140 of its municipalities, later adding another 131. It was the first community to do so – the Basque Country joined later, and so far no one else has – and today 90% of the Catalan population lives in an…


CaixaBank nuevito

Criteria and ‘la Caixa’ Foundation return to Catalonia seven years after the ‘procés’

CriteriaCaixa – the business holding of the Caixa Group, with stakes valued at €30 billion in a wide range of companies (Naturgy, Telefónica, ACS…) – and the ‘la Caixa’ Foundation have returned their headquarters to Catalonia almost seven and a half years after relocating to Palma. CaixaBank will remain in Valencia, where it moved during the same period. The Banking Foundation Caixa d’Estalvis i Pensions de Barcelona has agreed to…


Montero

ERC announces cancellation of €17 billion in debt to Catalonia, agreed in exchange for investing Sánchez

Oriol Junqueras, the independentist leader of ERC, announced yesterday that the Government and ERC have agreed to cancel more than €17 billion, 22%, of Catalonia’s debt with the Autonomous Liquidity Fund (FLA). The agreement was reached between ERC and PSOE in exchange for Pedro Sánchez’s investiture and is intended to be implemented immediately. Hours after ERC’s announcement, the central government offered to forgive €83.252 billion of debt to the autonomous…


Sabadell

Banco Sabadell to establish HQ in Catalonia once again

Amid the BBVA’s takeover bid for Banco Sabadell, the bank has decided to leave its current headquarters in Alicante—where it moved on October 5, 2017, at the beginning of the Catalan independence process—to return to Catalonia, to Sabadell. This decision is pending ratification by the Board of Directors. According to analysts, returning to Catalonia will allow Banco Sabadell to gather political and social support to hinder the ‘assault’ by the…


Molins

Cementos Molins: first listed company to return to Catalonia after ‘procés’

The board of directors of the cement group has unanimously agreed to return its headquarters to Catalonia, as announced in a statement sent to the National Securities Market Commission (CNMV).Seven years later, Cementos Molins is leaving its current headquarters on the Paseo de la Castellana in Madrid, where it moved its tax residence, and is returning to the town of Sant Vicenç dels Horts in Barcelona, marking the first return…


bbva sabadell fusion 2

CNMC sees BBVA-Sabadell takeover bid risking banking competition in Catalonia and Valencia and credit in SME segment

Link Securities | The National Markets and Competition Commission (CNMC) published on Wednesday the arguments that led it to agree a week ago to extend a few more months the evaluation of the hostile takeover bid launched by BBVA on Banco Sabadell (SAB), as reported by the newspaper Expansión on Thursday. The CNMC says it sees a risk that the takeover bid could reduce banking competition in Catalonia and Valencia…


PereAragones Sanchez

Agreement Pedro Sánchez-ERC for Catalonia to collect all taxes and leave common regime in exchange for Salvador Illa as Generalitat president

There is an agreement in principle between the socialists and ERC (Esquerra Republicana de Catalunya) to invest the socialist Salvador Illa as president of the Generalitat. The pact includes a “solidarity economic agreement” that will take Catalonia out of the common regime of autonomic financing and will cede to the Generalitat the management of 100% of the taxes. Although, according to the socialists, it will differ from the so-called “Basque…


Puigdemont

Puigdemont wants to go for investiture in Catalonia and replicate model by which Sánchez governs Spain after losing elections

Despite the poor results of the pro-independence parties, far short of an absolute majority in Parliament, Junts believes it has a chance of governing. If this Sunday, former president Carles Puigdemont already suggested that he would make Pedro Sánchez’s dependence on JxCat’s seven deputies in Congress count, this Monday he has gone a step further and announced that he will try to opt for the investiture. “I can articulate a…


SalvadorIlla

Socialists win elections in Catalonia, pro-independence parties fail to add up… A difficult victory to manage

Salvador Illa, the candidate of the Socialist Party of Catalonia (PSC), with 27.9% of the vote and 42 seats, has won the elections in Catalonia. Carles Puigdemont and Junts obtained 21.5% of the votes and 35 seats, but their great partner in the “procés”, Esquerra Republicana de Catalunya (ERC), which until now had been in charge of the government of the Generalitat, has suffered a debacle and has been left…


PereAragones Sanchez

Sánchez renounces 2024 budget after early elections called in Catalonia, which will hold elections on 12 May… because it cannot approve its budget

The weakness of the Catalan government, with ERC in a minority, has led to a new early election in the autonomous community, set yesterday for May 12 by the president of the Generalitat, Pere Aragonès, after the Parliament rejected the draft budget of the Generalitat for 2024. The new date with the polls will be marked by the aftermath of the procés, as Junts will try to ensure that its…