security

Barcelona-based Gas Natural Fenosa signs a supply contract with Azerbaijan for the next 25 years

September 19, 2013 10:33 PM | ACN

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.

Catalonia had a €25 billion Social Security surplus between 1995 and 2010

October 11, 2012 11:42 PM | CNA

An official study issued by the Catalan Finance Ministry shows that Catalan citizens have given €24.77 billion more to the Spanish pension and unemployment funds than they have received back from it. The study takes into account the contributions of Catalan citizens and companies between 1995 and 2010. Without the Catalan contributions, the Spanish Social Security system would have had a €86.33 billion deficit in the same period. The Catalan contribution to the Social Security system was negative in 1995-1996 and 2009-2010, while between 1997 and 2008 it showed a budget surplus. Without Catalonia, Spain’s Social Security would have only had a budget surplus between 2003 and 2007.

Barcelona City Council plans a facelift for Les Rambles

December 21, 2011 07:49 PM | CNA / Sara Gómez

Barcelona’s famous central artery and main tourist street will undergo a major transformation due to the degradation experienced over the last number of years. Barcelona City Council has decided to make Les Rambles an appealing location and presented an investment plan based on six main points. It aims to increase security and to make the street more pleasant to walk on. The plan has a €10 million budget and will be gradually implemented between 2012 and 2018.