Spain Is Still Fastest Growing Eurozone Country: EC Raises 2017 Growth To 2.8%
The European Commission says that Spain continues to grow above the eurozone average and that this year GDP growth will exceed its highest pre-crisis level.
Spanish economy
Spain Loses Its First Renewables Case In International Courts
Spain has lost its first case in an international arbitrage court, namely the World Bank’s Ciadi, related to the cuts applied to the renewables remuneration from 2010. The ruling is in favour of the UK Company Eiser Infrastructure Ltd. and its Luxembourg subsidiary Energy Solar Luxembourg,
The New CNMV Is In A Hurry To Update The Financial Markets; Increases Reform Drive
Spain’s new CNMV board, headed up by Sebastián Albella, has embarked on a big reform drive, implementing a whole range of initiatives, to make the Spanish financial market more trustworthy.
Spanish Research and Development: Start From Scratch? Never
Spain needs to make a definite decision to bet on changing its productivity model which guarantees sustained growth and prosperity for the population. To do this, it also needs to make a clear bet on research and science.
Electricity companies, divided over the future of nuclear energy in Spain
Spain’s Nuclear Security Council’s decision in February to allow the re-opening of the nuclear power plant in Garoña for another 20 years has demonstrated that nuclear energy doesn’t just spark doubts amongst ecologists, but also amongst the electricity companies themselves.
Education And Training Are Key To Spain’s Future
Reforms in Spain’s education system are key to guaranteeing future economic growth. But having a better educated population would also help to fight against rising inequality and poverty.
Startups in Google’s Campus Madrid create 2,354 jobs against overall 11,000, raise €37.5 mln funding
The startups in Google’s Campus Madrid have created 2.354 jobs and raised over 37.5 million euros in financing since it began in 2015, according to the company’s annual report on this project. Google points out that the contribution from Madrid to the total jobs created by all the Campuses “is relevant”, given that as a whole, the six centres across the world have created over 11,000 jobs.
Sareb: Criticised In Spain, Praised In Brussels And Germany
Judging by the latest valuations which have appeared in the press, the balance of the first five years of Spain’s bad bank, Sareb, is little less than disastrous. But the bank’s performance has been praised by Brussels and by Germany, who have said it has completed its objective of stabilising the Spanish financial system.
Spain’s 2017 Budget Leaves Little Room For Manoeuvre
Spain’s 2017 budget leaves little room for manoeuvre. It represents exactly 39%, the percentage the state can freely make decisions on what do with from what it raises and borrows. It shows that, despite the fact the economy is doing well, we have a lot of problems.
Spanish Banks Earned 23% Less In 2016 Due To Special Factors
Spanish banks registered net profit of 7.987 billion euros in 2016, 23.1% less than a year earlier, according to data provided on Thursday by the Spanish Banking Association. These results were affected by special temporary and specific factors in 2016, without which earnings would have been 12% higher than in 2015.