Spanish banks NPLs ratio fell to 8.22% in October, over one percentage point lower than a year earlier. Recently published figures from the Bank of Spain show that the pace of the decline in NPLs accelerated in October, registering an anual 12.52% drop (-11.64% in September).
For the time being, Spain’s economy is maintaining its cruising speed and GDP will grow 3.1% this year, according to estimates. But Catalonia’s progress is visibly slowing, with figures continually being downgraded.
In 2016, the electricity system registered a surplus of 421,45 million euros, according to the final figure for the year released by The National Commission on Markets and Competition (CNMC in Spanish).
Nick Ottens via Atlantic Sentinel | This is a guide to the Catalan electoral system, the parties, their leaders and possible coalitions.
All the sectors in the Spanish economy should contribute to improving competitiveness and efficiency, at the same time as cutting their debt. The Spanish banks are doing just that.
The outcome of the Catalonia elections on December 21 will not easily bring a quick solution to the problem in the region. But both in the case of the independence movement losing the majority of seats (it no longer had the majority of votes and it’s almost impossible for it to obtain) or there being a division over the future, the path towards normalisation will have started.
Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.
The European Commission (EC) has started an investigation into the aid which Spain’s coal-powered electricity plans receive for the installation of filters which reduce the levels of contamination and so comply with legal targets. Since 2007, fourteen plants have received €440 million in subsidies for this concept and payments are expected to continue until 2020.
From October 2 to November 24, 2.773 companies have transferred their headquarters (HQ) from Catalonia to other regions in Spain, according to figures from the College of Mercantile Registers in Spain.
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.