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Spanish economy 12th February 2021

International Students Generates €3.8 Bn For The Spanish Economy

Some 1,044,898 internationals enrolled at Spanish institutions in the 2018-2019 academic year. Their overall economic impact on the Spanish economy amounts to near €3.8 Bn and the multiplier effect for student spend is 2.27, which means that for each euro spent on their academic program, these international students spent an additional 1.27 euros on a broad range of sectors of the national economy, explains the study The Economic Impact of International Students in Spain, promoted by ICEX and Eduespaña.

Ibex, Markets, Spanish economy 11th February 2021

ACS Wins 480 MW Of Wind Power Licenses In The UK For €510 M

ACS, through its subsidiary Cobra, has been awarded 480 MW in the auction held to assign new licenses for offshore wind power facilities off the coast of the UK. The project will involve an investment of €510 M during the 10 years it will take to develop and build the plant before the wind turbines come into operation for an estimated period of 60 years. ACS has beaten other bids from large electricity companies such as Iberdrola in this auction, the first major British auction of wind farm licenses in more than a decade.

Forty years of democratic Spain: No resemblance to what it was

Spanish economy 10th February 2021

Spain Remains A Full Democracy, Despite Limitations On Civil Liberties Due To The Pandemic

Spain has fallen 17 tenths of a point and six places in The Economist’s democratic quality index, although it remains in the “full” democracy category. The country has never failed to be a “full” democracy since the index was created 15 years ago. It has a score of 8.12. Furthermore, “democracy received a big blow in 2020” at a global level, stated the study. Almost 70% of the countries examined have regressed in “democratic freedoms” due to the restrictions on civil liberties caused by the fight against the pandemic.

Spanish economy, Spanish Small & Mid Caps 10th February 2021

BME Bring 22 Spanish Small & Medium Cap Companies With Investors In Frankfurt

Fernando Rodriguez | BME bring 22 spanish small&medium cap companies with investors in the fourteenth edition of the Frankfurt European Midcap Event, that started yesterday. BME is a regular sponsor of this annual event, which aims to put medium and small capitalisation companies from different European countries in contact with more than 75 investors interested in this type of issuers.

Spanish economy 9th February 2021

BBVA, Santander Aim To Return To Around 40% Payout By 2021

Morgan Stanley | Earnings momentum has increased and comments on dividends are encouraging. As for Spanish banks, BBVA announced a 10% buyback after completing the sale of its US subsidiary, with a payout of 35-40% by 2021. Santander has said it intends to return to 40-50% cash payouts when regulators allow. Caixabank will hold a dividend per share of €0.0268 subject to a 15% payout required by the ECB. Bankinter’s DPS will reach €0.10. Unicaja and Sabadell have not proposed dividends for 2020.

I.R. Spain, Spanish economy 8th February 2021

Foreign Institutional Investors Already Own Half Of The Capital Of Spanish Listed Companies

Fernando Rodriguez | Foreign institutional investors hold 50,2% of the total capital of listed companies on the Spanish Continuous Market, up 12 percentage points in the last 10 years according to the conclusion of the report: Preparing for the 2021 Shareholder Meeting Season, drawn by the law firm Cuatrecasas and the proxy solicitor Georgeson, an annual report now in its tenth year.

Markets, Spanish economy, Spanish Small & Mid Caps 8th February 2021

Alstom Withdraws Bid For Mega-Contract Won By CAF-Bombardier Consortium

Renta 4 | Alstom has decided to cancel its bid for the contract for the supply of 146 trains worth 2.560 billion euros that the CAF-Bombardier consortium won three weeks ago, considering it to be unfeasible. From a financial point of view, this setback leaves in the air a contract worth, according to the latest information from the consortium, around €1 Bn. Moreover, from a strategic point of view, CAF could lose the opportunity to consolidate its position as the second largest operator in the French market.

Spanish economy 8th February 2021

Housing Prices In Barcelona And Madrid Could Be Overvalued By 17%

Housing prices began to fall in Spain in the last half of 2019 and the impact of Covid-19 has only accelerated the downward trend of the end of a cycle. According to a study by Tecnocasa and Pompeu Fabra University, this pattern is due to the fact that there is a lot of private real estate offer that is overvalued. In fact, overvaluation can reach 17% and 16.5%, respectively, in Madrid and Barcelona. This percentage measures the difference between professional valuations and the price that owners of properties are demanding.

Spanish economy 8th February 2021

ECB Buys €123.636 Bn Of Spanish Debt In The Scenario Of Covid-19 Crisis

The European Central Bank has earmarked 123.636 billion euros for net acquisitions of Spanish sovereign debt through its different asset purchase programs since March 2020, when the first wave of the Covid-19 pandemic hit Europe, including 89.846 billion in emergency pandemic purchases (PEPP) and another 33.790 billion through the PSPP sovereign debt purchase program, according to the institution’s data.

Ibex, Markets, Spanish economy 5th February 2021

Iberdrola Acquires 3 GW Offshore Wind Project Pipeline In Ireland

Iberdrola agrees to acquire majority stake in three DP Energy projects on the east, west and south coasts of the country, which will be eligible for the forthcoming offshore auctions in 2025-2030.The company already operates offshore wind farms in UK and German waters, with new developments in the UK, US and France · Including Ireland, Japan, Sweden and Poland, Iberdrola’s offshore wind pipeline now exceeds 30 GW.

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