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Spanish economy

Elecnor basura espacial

Spanish economy 2nd October 2020

Elecnor Will Provide The Control System For Europe’s First Mission To Clean Up Space Debris

Elecnor, through its Portuguese aerospace subsidiary Deimos Engenharia, has been selected to develop the guidance, navigation and control systems for the Clearspace-1 mission. This is the first European mission aimed at cleaning up the garbage in space. The framework for this project is the European Space Agency’s (ESA) Adrios programme, the first European space debris removal mission, scheduled for launch in 2025.

Madrid coronavirus spread

Spanish economy 2nd October 2020

Spanish Government Imposes Mobility Restrictions And New Criteria To Halt The Coronavirus Spread In Madrid

Spain’s government will restrict movement in major cities facing severe outbreaks of Covid-19 from Friday night, thus avoiding the total lockdown model the whole country experienced in March. The measures will apply to cities with over 100,000 inhabitants, where there is an infection rate greater than 500 per 100,000 people over the next two weeks. All regional leaders debated on Wednesday and a majority agreement was reached in the end, although Madrid, Galicia, Andalucia and Catalonia voted against it.

MELIA CHINA lujo

Ibex, Markets, Spanish economy, Uncategorised 1st October 2020

Meliá Takes The Advantage Of The Chinese Tourism Recovery Opening Its Fifth Hotel In The Country

According to the China Tourism Academy, more than 90% of hotels and tourist attractions in the country have reopened along with around 60% of travel agencies after containing the pandemic. Against this backdrop, Meliá Hotels has resumed work on an expansion plan which aims to double its presence in China within two years, from 5 to 10 hotels in operation. The reactivation of the domestic market have encouraged the company to open an ultra-luxury urban resort in Chengdu this week.

Garanti BBVA

Ibex, Markets, Spanish economy 29th September 2020

The Rate Rise In Turkey Gives BBVA Breathing Space

Last week the Central Bank of Turkey raised its interest rate to 10.25% (compared to 8.25% previously). The Turkish lira recovered by 1% briefly against the euro and the dollar, but soon retook its downward trend. However, the move did give an unexpected boost to BBVA. Through its subsidiary Garanti, Turkey has become the Spanish bank’s third largest market by volume. BBVA’s shares shot up 5.3% (2,284 euros). A few days earlier, BBVA shares had recorded their minimum annual level of 2.16 euros

companies' profitability

Spanish economy 29th September 2020

Only 11% Of Spanish Firms Are Selling Their Products And Services In The Global Market Amid The Pandemic

In the coming months, the uneven evolution of the different markets as they exit the crisis will provide an opportunity for those companies capable of grabbing the opportunities of the recovery in the global market. However, 89% of Spanish companies only operate in the domestic market, with no prospects outside our borders. This data has emerged from nearly 250,000 interviews conducted by Iberinform with the management teams of Spanish firms.

housing market spain cities

Spanish economy 28th September 2020

Teleworking In Spain Will Moderate Urban Mobility And Residential Decisions But Not Change Secular Trends

The coronavirus pandemic forced a high percentage of Spaniards to telework. Despite this figures has been declining as the social distancing measures have been lifted, many firms are already considering the option of offering their employees a more flexible way of working, combining days working face-to-face in the office with working remotely.  Iin this article experts at CaixaBank Research will analyse its implications for urban mobility and, from a longer-term perspective, for the residential real estate market.

Spanish banks mergers

Spanish economy 28th September 2020

Spanish Bank M&A: Reaching The Next Level Of Efficiency Gains

Spanish banks have made drastic efforts since the financial crisis to improve efficiency. They were among the most active in Europe to adjust their branch networks. But while the number of branches has reduced in many countries, the workforce has not always followed the same pace of adjustment. For analysts at Scope Ratings, there is still room for efficiency gains, particularly as digitisation continues. “Transition in Spain can only accelerate, leaving room for consolidation”, they say.

Hydrogen Spain

Spanish economy 25th September 2020

Spain Bets On The Renewable Hydrogen And Aims To Become a Exporter To The EU

Spain does not want to be left behind in the area of renewable hydrogen, currently the most efficient technological solution for storing and transporting energy. The  government has already launched a consultation of its ‘Hydrogen Roadmap’. The draft includes 57 measures to prepare the regulatory framework and sets targets for 2030 such as reaching an installed capacity of 4 GW, which represents 10% of the target set by the European Commission for the whole of the EU.