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Spanish economy

CGPJok

Spanish economy 13th April 2021

2,500 Judges Denounce The Spanish Government In Brussels For Attacking “Judicial Independence”

T.C. | Faced with the impossibility of reaching a sufficient parliamentary agreement (it requires an agreement with the opposition) to renew the members of the General Council of the Judiciary, which has been in office for two years, the coalition government of the PSOE and UP passed a rapid reform that ties the Council’s hands and feet and prevents it from making appointments while it is in office. Thus, it is a Council “in functions” but unable to function.

melia vietnam

Spanish economy 12th April 2021

Spain: Hotels For Sale

T.C.| The large Spanish hotel chains are seeking liquidity by selling assets and are opting for the ‘sale & leaseback’ option to maintain management. According to Meliá’s director of real estate, Mark Hoddinott, the group is identifying assets worth between 150 and 200 million. NH, the Spanish chain controlled by the Thai group Minor, is also considering the sale and leaseback of several hotels. According to Moody’s, the group expects to generate more than 200 million in additional cash. RIU, a partner of the German group TUI, has three hotels for sale: in Madeira (Portugal), Lanzarote (Spain) and Panama with a combined valuation of around 250 million euros. 

pensioners

Spanish economy 12th April 2021

The Silent Reform Of Pensions

Fernando González Urbaneja | Spain has a priority, essential employment problem: high chronic unemployment and job insecurity. Both of these are among the essential causes of a blushing inequality, among the worst in Europe. Then, to complicate the solutions, comes the problem of the high public deficit, which has increased over the last decade as an inevitable inevitability. A debt aggravated by its dependence on external financing with a bias towards instability. At the heart of this debt is the chronic deficit accumulated over the last decade in the pension system, which widens its deficit every year.

ACS signs €10 billion contract for the purchase of Abertis with Atlantia

Ibex, Markets, Spanish economy 9th April 2021

ACS Shows Atlantia Its Interest In Italian Motorways: Offers €10 Bn for Autostrade

Corporate activity in Spain is gaining momentum with ACS’s offer to buy the Italian concessionary group ASPI (Autostrade per l’a Italia) from its partner Atlantia. ASPI has 3,000 kilometres of toll roads. The aim is to create a giant in the concessions business, with the union of Autostrade and its subsidiary Abertis, and ACS would be willing to make the purchase in the company of other investors – there is talk of the Italian group CDP. The offer would be for 10 billion euros, exceeding that presented by the Italian public bank CDP, which has the backing of the Italian government, and the funds Blackstone and Macquarie.

Pedro mascarilla españita

Spanish economy 8th April 2021

Spain: Economy Better, Politics Worse

Joan Tapia (Barcelona) | The crisis caused by the coronavirus, which has been going on for more than a year now, is far from being overcome. But perhaps the worst thing is that a latent pessimism – unjustified but real – all too often obscures data and realities that lean towards a cautious and reasoned optimism. If we add to this the political turmoil, we find ourselves – more so in Spain, but not only here – faced with an extreme confusion that alters reality.

hybrid vehicle

Spanish economy 8th April 2021

There Are 562,000 Hybrid And Electric Cars On The Road In Spain, 1.8% Of The Domestic Fleet

Watt by watt, clean cars are making their own place in the national vehicle fleet. Specifically, 561,580 cars with non-fossil engines were circulating in Spain at the end of 2019. This is one of the conclusions of an UNESPA report on the use of this type of vehicle. Provinces and cities with higher GDP usually have higher rates. The provinces with the highest rate of clean vehicles are Madrid (3.41%), Barcelona (3%), Alicante (2.71%), Gerona (2.71%) and Las Palmas (2.08%). 

Nadia proud spain

Spanish economy 7th April 2021

Spain Will Grow By 6.4% In 2021, According To The IMF

T.C. | The Spanish economy will grow by 6.4% in 2021, making it the fastest growing European country, and one of the fastest growing in the world among the advanced economies, along with the United States, where growth is also estimated at 6.4%, according to the International Monetary Fund’s biannual ‘World Economic Outlook’ report, published yesterday.

Ferrovial Texas

Ibex, Markets, Spanish economy 7th April 2021

Ferrovial Gains Ground In Its US Talisman State With A €1.275 Bn Deal, Ahead Of Biden’s Investment Plan

The Spanish construction group has been awarded one of the largest road contracts of the year in the US to expand the I-35 interstate highway in Texas, with a budget that means 20% of the group’s total 2020 revenues. Ferrovial was chosen in 2005 as a strategic partner of the Texas government to design and build the TT Corridor 35. Furthermore, this US state is one of the Group’s largest markets given that its three largest consolidated concessions globally are located there.

renewables

Spanish economy 6th April 2021

US Accuses Spanish Wind Power Industry Of Dumping

T.C. | The Spanish wind industry, which exports more than 2 billion euros worth of equipment annually, has been accused of dumping by the US administration in one of its main markets. Washington believes that Acciona, Siemens Gamesa, Vestas, and other wind power producers sell their products in the US below production prices.

unemployment spain

Spanish economy 6th April 2021

Spain: 59,000 Fewer Unemployed in March

T.C. | The number of registered unemployed in Spain fell by 59,149 people in March (-1.5%), its largest decline in this month since 2015, according to data published on Tuesday by the Ministry of Labour. With this decline in unemployment, which puts an end to five consecutive months of increases, the total number of unemployed reached 3,949,640 at the end of March.