Foreign investors have increased their leadership in terms of how many shares they own in Spanish listed companies. They held 43.1% of the total at end-2016.
Spain’s energy minister, Alvaro Nadal, has explained current week in a meeting with companies from Spanish electricity market that he is betting on a mix of competitive electricity generation which takes advantage of all kinds of technology, including coal and nuclear.
Pablo Fernández | The “Report on the financial and banking crisis in Spain, 2008-2014” published by the Bank of Spain last May is 252 pages long, but omits important facts and dates. The most surprising thing is that it seems to assume that the financial and banking crisis in Spain was the result of “contagion” from the ‘”international financing crisis”.
Testa Residencial, the socimi in which Santander, BBVA and Merlin have stakes, will today approve its merger with Acciona’s property rentals business. The operation will create a new property ‘giant’, unheard of up to now in Spain, given that it will be the first company dedicated to the home letting business.
The tourism sector plays a very important role in the Spanish economy. And its prospects are positive looking ahead to the coming years, based on the different statistics available. That said, there are various elements which should make us reflect on whether the Spain’s tourism business is as well focused as it could be and if it is adapting easily to a changing reality.
The predicted train crash between the Catalan and the Spanish governments has now happened. But what’s next? It’s difficult for the referendum to be a success, but the the fact there is no independence in the short-term, doesn’t mean that the train crash is not going to have consequences in the medium-term.
Amazon will open a new research and development centre in Barcelona, where over 100 scientists and software engineers will work.
Tourism spending in Spain in the month of July totalled 11.902 billion euros, up 16.3% from 2016 and, yet again, beating records. Accumulated spending for the year totals 49.119 billion.
Spain’s property sector continues generating good news: housing purchases over the last two years have been rising at double digit rates, prices increasing ten months in a row around 4%. Real estate companies as well as Socimis underlie behind this positive trend. Merlin Properties is a top pick in the real estate sector. It has a portfolio of top quality, diversified assets.
The problem in Spain’s economy: it’s that productivity is hardly apparent in the breakdown of GDP between the amount of work (number of hours worked) and the residue, which is productivity.