Finances

22.05.2013 - 10.33 pm CaixaBank and Barcelona's Chamber of Commerce to offer €3 billion in loans for member companies In a situation of difficult access to credit by Catalan and Spanish companies, Barcelona’s Chamber of Commerce and the main Spanish bank – which is...	16.05.2013 - 09.09 pm The Catalan Government ended the first quarter of 2013 with a deficit of 0.21% Between January and March, the Catalan Government had a budget deficit of €411 million, representing 0.21% of Catalonia’s GDP. The definitive deficit...	03.05.2013 - 09.21 pm Banc Sabadell pays AEGON €450 million for 50% of the insurance company Mediterraneo Vida The Catalan financial entity Banc Sabadell reached an agreement with the Dutch insurance company AEGON on Friday to buy 50% of the shares of Mediterr...	29.04.2013 - 09.25 pm Lloyds buys 1.8% of Banc Sabadell by transferring its Spanish subsidiaries to the Catalan bank The Catalan Banc Sabadell has bought all the shares in the Lloyds subsidiary companies in Spain: Lloyds Bank International and Lloyds Investment....
22.04.2013 - 09.02 pm The Catalan Government is considering the implementation of a tax on empty flats to be paid by the owning companies The new tax would not affect individual citizens neither would it be implemented in areas without housing demand. The tax aims to put apartments and...	18.04.2013 - 09.56 pm Eleven town halls pay their taxes to the Catalan Tax Agency instead of the Spanish one In a symbolical action, 11 town halls have handed in their monthly taxes to the Catalan Tax Agency and not to the equivalent Spanish entity. The...	17.04.2013 - 10.07 pm The Catalan Banc Sabadell to acquire the Banco Gallego The offer, presented by Banc Sabadell, has won the tender for the acquisition of Banco Gallego, which was nationalised and owned by the Spanish Fund...	27.03.2013 - 08.53 pm British Airways-Iberia improve their takeover offer on Vueling’s shares with an increase from €7 to €9.25 IAG, the airline formed after the merger of British Airways and Iberia, has improved its offer for the total takeover of Barcelona-based Vueling, one...
26.03.2013 - 10.12 pm The number of home mortgages in Catalonia grew by 47.1% in January compared to the previous month The increase is the highest one registered in Catalonia over the last year. 3,751 home mortgage contracts were signed in January. At the end of 2012...	25.03.2013 - 09.03 pm Catalonia’s public body offering credit funded 8,500 companies in 2011 and 2012 with €1.7 billion The Institut Català de Finances (ICF), the Catalan Government’s financial institution which offers credit, announced that it gave €1.7 billion in...	25.03.2013 - 06.23 pm Multi-million euro support for internationalisation of Catalan fashion label Desigual The fashion label Desigual based in Barcelona has obtained a €200 million line of credit from different banks. This financial support will be used to...	14.03.2013 - 07.09 pm The Catalan Government posts a debt of €50.95 billion at the end of 2012 The Catalan Finance Minister, Andreu Mas-Colell has announced that the Catalan Government had a public debt of €50,948 million on the 31st of...
21.02.2013 - 09.36 pm The Catalan Government posts a 2% deficit for 2012, correcting the previous preliminary figure A month ago, the Catalan Government issued a preliminary deficit figure for last year of 2.3%. Now, the Catalan Finance Minister, Andreu Mas-Colell,...	11.02.2013 - 06.30 pm Banc Sabadell posts €81.9 million profit in 2012, 64.7% less than last year The Catalan Banc Sabadell finished 2012 with positive results and net benefits of €81.9 million. Banc Sabadell has now reached 5th position among the...	30.01.2013 - 08.34 pm Rajoy will not review the Autonomous Communities’ deficit targets if Brussels does not allow greater flexibility On Monday the Spanish Minister for the Economy, Luís de Guindos, stated that Spain might internally redistribute its total deficit target among the...	28.01.2013 - 10.16 pm Spanish Ministry for the Economy is willing to split deficit targets “equitably” among government levels The Catalan Government has been insisting on the need to internally redistribute deficit objectives in Spain, splitting them in a fairer way in order...