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wholeshale electricity market

Spanish economy 5th March 2021

The Reform Of Spain’s Electricity Market Is Still On The Table, Despite Depending On European Regulations

Last Tuesday, the Spanish Council of Ministers gave the green light to the general guidelines of its Sustainable Development Strategy for 2030. The document stated that “the required regulatory changes for the reform of the electricity market should be addressed, putting an end to the extra compensation that certain technologies receive”. Implicitly, this refers to nuclear and hydraulic energies. However, the government has little control to make such modifications as the wholesale electricity market is under the umbrella of European regulations.

telefonica vivo

Ibex, Markets, Spanish economy 4th March 2021

Telefónica Joins CDPQ To Create Fibrasil, A Neutral Fibre Wholesale Network Provider In Brazil

Upon completion of the transaction, Telefónica and Caisse de dépôt et placement du Québec will each hold 50% in FiBrasil under a co-control governance model. Telefónica Group’s 50% participation will be held through Telefônica Brazil (“Vivo”) and Telefónica Infra, the infrastructure arm of Telefónica Group, each holding a stake of 25%. Operating as a neutral wholesale company, FiBrasil is set to deploy and operate fibre-optic networks in selected mid-sized cities across Brazil outside the state of Sao Paulo.

sovereign wealth funds

Spanish economy 4th March 2021

Spain, Among The Top Ten Recipients of investment from Sovereign Wealth Funds

In 2020 there were 95 active Sovereign Wealth Funds managing, for the first time, more than $9 trillion around the world, which means a growth of 8% over the previous year, says the latest SWFs 2020 Report elaborated by IE University in collaboration with ICEX-Invest in Spain. At least 67 countries have a sovereign wealth fund, two more than in the 2019 study

investment funds general

Spanish economy 3rd March 2021

Only 8 Spanish Funds Would Have Liquidity Problems In The Event Of A ‘Major Shock’

Spanish mutual funds has a high degree of liquidity, says the CNMV after analyzing the mutual funds in a statistical exercise that puts these in a potential scenario of “large-scale shock” and with a “very low probability of occurrence” to see what could happen in the event of participants requesting massive redemptions for a crisis such as the Covid19 one . The exercise shows that only eight Spanish mutual funds could present problems. The total number of existing mutual funds is 2,700 according to the latest report by Pablo Fernandez (IESE).

European fiscal stimuli

Spanish economy 3rd March 2021

Spain Expects To Mobilize €500 Bn In Investment With European Funds

Miguel Navascués | In a paper entitled Recent Developments in the Spanish Economy, Policy & Funding, the Spanish government explains how the  €140 Bn from the European Recovery Fund will be allocated to obtain the best result: a solid rebound of the economy with permanent fundamentals. According to the government, it is expected these €140 Bn to have a multiplier effect of about €500 Bn, i.e. a not inconsiderable multiplier of 3.6 euros for each spent. Is it reasonable to expect such an amount?

woman BoD

Ibex, Markets, Spanish economy 2nd March 2021

Parity Target Accomplished In The Ibex35 With 31.2% Of Women On Boards Of Directors

The IBEX-35 companies have registered a historic milestone by finally reaching the 30% target set by the CNMV recommendation for 2020, according to the latest edition of the report ‘Women on the Boards of listed companies’, prepared annually by ATREVIA and IESE. The presence of women in the index grew 3.9 percentage points, to occupy 31.2% of the seats. This progress, however, has not been able to compensate for the sluggish growth of the rest of the continuous market, which only advanced 2 points (22.9%) last year.

Forty years of democratic Spain: Haves and have-nots of labour market

Spanish economy 2nd March 2021

Spanish Labour Market: Sharp Increase In Furloughs in February Brings The Total To Almost 900,000

Randstad Research | Unemployment in Spain increased by 44,436 people in the month of February compared to January thus raising the number of jobless people to 4,008,789, a barrier not surpassed since April 2016, reflecting the restrictions impossed to deal with the third wave of the pandemic. Similarly, ther was an increases of 160,000 people in the number of furloughed employees, bringing the total to 899,383.

AmazonTC

Spanish economy 2nd March 2021

Expected Investment In Logistics In Spain Will Reach Around €2 Bn In 2021

Investment in logistics assets in the domestic market could reach €2 billion euros in 2021 after some respite in 2020, undoubtedly due to the pandemic. All in all, the drop in capital invested in this type of asset in 2020, about €1.6 billion, was only 10% lower than in 2019, compared to a plunge of 35% for the Spanish real estate sector as a whole. Key players include the socimi Merlin Properties, as well as investment funds such as Blackstone, Brookfield and Apollo.

pedro mario

Spanish economy 1st March 2021

Draghi’s Presence In Italy Reassures Europe, Will Spain Become Their Concern?

Spain may face a surprise problem if Draghi’s government remains for long as, in the eyes of many, we may become the focus of Europe’s problems. In recent years, our authorities have taken a rather conciliatory tone to Brussels, which has made it possible to dilute the fact that we have not fulfilled our commitments, especially when the belligerence of the Northern League’s government made us look like a good pupil. The former head of the ECB knows well how to handle the Community bodies and, above all, the mechanisms to generate a good image in the eyes of the markets.