Naturgy will face the energy transition divided into two companies which will be listed on the stock exchange. The Géminis project, as the company headed by Francisco Reynés has announced, has been approved by the entire board. This includes the new representative of the Australian fund IFM, who has just joined the company. The regulated distribution infrastructure business will be integrated within one of the companies, while the other will…
Fernando Rodríguez | Retail investors took advantage of the sharp falls in the Spanish stock market in March 2019 to appreciably increase their positions in the sectors most affected by the crisis. This is revealed by an Analysis of the behaviour of retail investors in the financial markets during the COVID-19 crisis, prepared by CNMV technicians. “The number of transactions carried out in the first weeks of the crisis saw…
A total of 2,500 orderlies in the Balearic Islands have filed a class action lawsuit against the local Government for having been excluded from a call for applications because they do not have a Catalan language qualification. Those affected, who make up approximately half of those eligible for the post, are also asking for the process to be suspended as a precautionary measure while the courts rule on the merits…
Spanish SMEs received the most resources from the European Investment Bank last year, totalling EUR 7.25 billion, an unprecedented volume. This figure represents an increase of 73% compared to 2020 and 57% of the total financing received by Spain from the institution. The EIB Group financed Spain with a total of EUR 12.771 billion last year, 51% more than the previous year. This amount was channelled through direct loans granted…
The worldwide semiconductor shortage will continue during the first half of 2022 and could be extended, with some improvements, until 2023, according to a recent report by the consulting firm IDC. Europe has already prepared for this scenario with the European Chips Act presented yesterday in Brussels, a semiconductor law that aims to position Europe as a powerhouse in chip production. The EU aims to quadruple the production of microchips…
Alicia García Herrero (Natixis) | Chinese policy makers have been engaged in a massive regulatory crackdown for over a year. A number of sectors have been affected, starting with the tech sector, followed by the education sector. At the same time the real estate sector has also been severely affected by a specific regulatory crackdown (the three red lines) and a more general antitrust push has also taken place. In…
The European Commission has responded Monday to the Spanish Popular Party that Spain is not on the list of countries it has asked to reduce public spending in its recommendations last October. These include Italy, Lithuania and Latvia, Europa Press reported. “Several countries in the Euro Zone, Italy, Lithuania and Latvia, have received a call for caution in public spending, but Spain was not included in these countries that have…
Crédito y Caución (Atradius) | Prime Minister Narendra Modi and his government remain in a strong position. Modi’s Bharatiya Janata Party (BJP) has an absolute majority in the lower house of parliament, and the opposition remains weak on the national level. While the handling of the second coronavirus wave in early 2021 has dented Modi ́s popularity somewhat, a rising vaccination rate should help him to retain his dominant position…
CaixaBank Research (Pedro Álvarez Ondina) | Spain’s tourism industry has developed exceptionally in recent years, becoming one of the country’s main sources of business, income and employment. However, this strong development had also led to the emergence of some negative actions and social unease regarding the role played by tourism at certain destinations and moments until, in 2020, the coronavirus crisis paralysed the sector’s activity and highlighted its social and…
*This article was originally published by Fair Observer. Atul Singh & Martin Plaut | Since Brexit in 2016, the United Kingdom’s growth rate has been poor. Inflation is at its highest rate in 30 years. In December 2021, it had risen to 5.4%. Wages have failed to keep up and, when we factor in housing or childcare costs, the cost of living has been rising relentlessly. COVID-19 has not been…