The approval of the creditors’ agreement considering reductions over 90% of the debt helped the Galician multinational firm Pescanova achieve a net profit of EUR 1,790 million in the first half of this year. The six-month accounts submitted to the Spanish National Securities Market Commission (CNMV) show the cancellation of the firm’s bulky insolvency has meant the entry of EUR 2,3 million, which in the accounts figure as income.
The head of the Ministry of Food and Environment (Magrama), Miguel Arias Cañete, highlighted the ”excellent results achieved by Spain in negotiating total allowable catches (TACs) and quotas for 2014.”
Spanish Prime Minister Mariano Rajoy and Catalan President Artur Mas failed to break the deadlock over Catalonia’s independence drive, with both holding firm on their positions when they met for the first time in a year.
The Gibraltar government welcomed the call by three senior Spanish politicians for Spain, the UK and Gibraltar to engage in dialogue. The call was made public in a joint statement issued by former senior Spanish politicians Pepe Carracao, Rafael Roman and Salvador de la Encina.
Spain accused Britain of “unacceptable interference” for launching a diplomatic protest over the actions of a Spanish navy vessel off Gibraltar.
The Foreign Office has summoned the Spanish Ambassador to the UK to underline serious concern at the activity of a Spanish Navy vessel in international waters off Gibraltar on Wednesday.
The Minister for Europe, David Lidington, will visit Gibraltar on Monday 30 June and Tuesday 1 July. The visit will enable the Minister to visit the Gibraltar-Spain border to witness first-hand the continuing delays at the crossing, to hold discussions with HM Government of Gibraltar, and to meet a wide range of the people of Gibraltar.
Spain's new king, Felipe VI, was sworn on Thursday in a relatively modest ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household.
Spain's King Juan Carlos, 76, said he was abdicating in favor of his son because he did not want him to wither waiting as Prince Charles expects to in England, according to a report from the Daily Telegraph. The comment reportedly was made to his household staff: I must give way; I have fulfilled my mission
Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.