Fernando González Urbaneja | Over the last decade, since 2010, trade unions and employers have reached four multiannual and indicative wage agreements under the name of the State Agreement for Collective Bargaining. These have always been under the complacent gaze of the PP and PSOE governments, which provided a reasonable guarantee of social peace. Agreements that responded to a practice of consensus that has been characteristic and habitual throughout the…
Allianz GI | After a drop in dividend payouts related to the coronavirus crisis in 2020, companies in the MSCI Europe European equity index increased their payouts again last year by around a third to a record €378 billion. And this trend is likely to continue again in 2022: according to our forecasts , a further increase in total dividends of around 8 percent to around €410 billion is expected…
Luis Alcaide | The evolution of Spain’s export trade confirms the viability of the economy, whose rhythm is being maintained thanks to its strong export sector. Political labyrinths aside, according to the latest available data for the month of November, the increase in sales of Spanish goods to foreign markets exceeds the average increase in the EU, as well as that of the main European competitors. The number of exporters…
Ibercaja Banco intends to go public via an initial public offering of ordinary shares to qualified investors, the Spanish Securities and Exchange Commission (CNMV) has been informed. The placement will be made by the Ibercaja Foundation, which holds 88.04% of the shares. The remaining 11.96% is held by the Fundación Círculo de Burgos, the Fundación Inmaculada de Aragón and the Fundación Caja Badajoz. Through the share offer, the Ibercaja Foundation…
Renta 4 | The United States International Trade Commission (USITC) has ruled in favour of Siemens Gamesa (SGRE) on the issue of the complaint submitted by General Electric regarding the patents of some of the components of wind turbines. The USITC has denied GE’s claims. The ruling affirms that Siemens Gamesa did not infringe any intellectual property rights with respect to the Zero Voltage Ride Through Patent. That said, the…
Repsol, Enagas, Talgo, Alsa, Bosch, Scania… 22 large companies and 11 entities (associations and universities) have formed a consortium to promote green hydrogen from Spain, with the support of European funds and investments of 3,230 million euros. The Secretary of State for Energy, Sara Aagesen, was present at the presentation of the consortium, “Shyne”, and announced that the first 400 million of a total of 1.555 billion euros in European…
Banco Sabadell | Exceltur has published its forecasts for 2022, flagging that it expects a strong recovery in Spain from the month of April. According to the tourism lobby, it expects the GDP contribution from tourism in Spain to reach 135 billion euros. This is 41 billion euros over 2021, but still 19 billion below 2019 figures. Whatsmore, the lion’s share of companies surveyed expects to recover 2019 revenue levels…
Clemente Polo | It is not the ‘markets’ but rather political decisions and a lack of skill in playing the game of market diplomacy that are behind the sharp rise in electricity prices in Spain. Neither EU institutions nor European governments, including Spain’s, have found the right formula to improve the reduction of greenhouse gas emissions without endangering the welfare of several hundred million citizens. Most member states are highly…
#PIA2022 will select innovation projects with which Cotec will actively collaborate to combat any type of social divide. In addition to funding (up to 40,000 euros), Cotec will provide knowledge, experience, projection, access, visibility and positioning. To participate, all you need to do is register a proposal in less than 100 words, before 10 February, through the COTEC website. The Cotec Foundation for Innovation is launching an open call to…
Enrique Badía y Liberal | While we remain attentive to the incidence rate and the numbers of hospitalised and dead, answers to crucial questions in any crisis are scarce or in doubt: what is happening, how long will it last? It is easy to answer that we are contending with a pandemic. However, it is not clear that we know enough about the how and why of each response chosen…